AVAR CREATIONS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AVAR CREATIONS
Largest movements
- Tangible fixed assets -€8,219
down €8,219 (-5.6%), from €147,564 to €139,344
of which Land and buildings: -€8,219
- Receivables within one year +€6,280
up €6,280 (+8.9%), from €70,529 to €76,809
- Cash +€2,309
new in 2025: €2,309
mainly Net result for the year (+€14,691) and Depreciation (+€8,219)
- Profit (loss) carried forward +€14,691
up €14,691, from -€4,047 to €10,644
- Debts after one year -€13,891
down €13,891 (-16.1%), from €86,154 to €72,263
- Short-term financial debts -€4,875
down €4,875 (-100%), from €4,875 to €0
- Trade debts +€3,894
up €3,894 (+6,563%), from €59 to €3,953
- Gross operating margin +€10,086
up €10,086 (+58.4%), from €17,275 to €27,362
- Other operating charges +€1,315
up €1,315 (+681%), from €193 to €1,508
- Financial charges -€406
down €406 (-11.9%), from €3,407 to €3,000
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,093 | €218,462 | +€369 | +0.2% |
| Fixed assets | 21/28 | €147,564 | €139,344 | -€8,219 | -5.6% |
| Tangible fixed assets | 22/27 | €147,564 | €139,344 | -€8,219 | -5.6% |
| Land and buildings | 22 | €147,564 | €139,344 | -€8,219 | -5.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €70,529 | €79,118 | +€8,589 | +12.2% |
| Amounts receivable within one year | 40/41 | €70,529 | €76,809 | +€6,280 | +8.9% |
| Trade receivables | 40 | €70,529 | €76,809 | +€6,280 | +8.9% |
| Cash at bank and in hand | 54/58 | - | €2,309 | +€2,309 | |
| Total equity and liabilities | 10/49 | €218,093 | €218,462 | +€369 | +0.2% |
| Equity | 10/15 | €54,602 | €69,293 | +€14,691 | +26.9% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €2,449 | €2,449 | = | 0.0% |
| Distributable reserves | 133 | €2,449 | €2,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,047 | €10,644 | +€14,691 | |
| Amounts payable | 17/49 | €163,490 | €149,169 | -€14,321 | -8.8% |
| Amounts payable after more than one year | 17 | €86,154 | €72,263 | -€13,891 | -16.1% |
| Financial debts | 170/4 | €86,154 | €72,263 | -€13,891 | -16.1% |
| Amounts payable within one year | 42/48 | €77,336 | €76,907 | -€430 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €17,791 | €18,134 | +€343 | +1.9% |
| Financial debts | 43 | €4,875 | €0 | -€4,875 | -100% |
| Credit institutions | 430/8 | €4,875 | €0 | -€4,875 | -100% |
| Trade debts | 44 | €59 | €3,953 | +€3,894 | +6,563% |
| Suppliers | 440/4 | €59 | €3,953 | +€3,894 | +6,563% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,520 | €2,339 | +€820 | +53.9% |
| Taxes | 450/3 | €1,520 | €2,339 | +€820 | +53.9% |
| Other amounts payable | 47/48 | €53,092 | €52,481 | -€612 | -1.2% |
| Non-recurring operating income | 76A | €6,314 | €0 | -€6,314 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,219 | €8,219 | = | 0.0% |
| Other operating charges | 640/8 | €193 | €1,508 | +€1,315 | +681% |
| Gross operating margin | 9900 | €17,275 | €27,362 | +€10,086 | +58.4% |
| Operating profit (loss) | 9901 | €8,863 | €17,634 | +€8,771 | +99.0% |
| Financial income | 75/76B | €153 | €57 | -€96 | -62.8% |
| Recurring financial income | 75 | €153 | €57 | -€96 | -62.8% |
| Financial charges | 65/66B | €3,407 | €3,000 | -€406 | -11.9% |
| Recurring financial charges | 65 | €3,407 | €3,000 | -€406 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €5,610 | €14,691 | +€9,081 | +162% |
| Profit (loss) for the period | 9904 | €5,610 | €14,691 | +€9,081 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €5,610 | €14,691 | +€9,081 | +162% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.