AVARI: 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.
AVARI
Largest movements
- Current investments +€15,105
up €15,105 (+786%), from €1,923 to €17,028
- Receivables within one year +€11,758
up €11,758 (+1,470%), from €800 to €12,558
of which Trade receivables: +€11,758
- Profit (loss) carried forward +€31,760
up €31,760 (+57.7%), from -€55,073 to -€23,313
- Tax, wage and social debts -€7,992
down €7,992 (-40.5%), from €19,757 to €11,765
of which Remuneration and social security: -€13,650
- Current portion of long-term debt +€5,180
new in 2025: €5,180
- Trade debts -€2,664
down €2,664 (-51.1%), from €5,212 to €2,548
- Gross operating margin +€38,153
up €38,153, from -€1,880 to €36,274
- Taxes +€1,252
up €1,252 (+352%), from €356 to €1,608
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 | €3,909 | €30,193 | +€26,284 | +672% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €3,909 | €30,193 | +€26,284 | +672% |
| Amounts receivable within one year | 40/41 | €800 | €12,558 | +€11,758 | +1,470% |
| Trade receivables | 40 | €800 | €12,558 | +€11,758 | +1,470% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,923 | €17,028 | +€15,105 | +786% |
| Cash at bank and in hand | 54/58 | €720 | €431 | -€289 | -40.1% |
| Deferred charges and accrued income | 490/1 | €466 | €176 | -€291 | -62.3% |
| Total equity and liabilities | 10/49 | €3,909 | €30,193 | +€26,284 | +672% |
| Equity | 10/15 | -€25,073 | €6,687 | +€31,760 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,073 | -€23,313 | +€31,760 | +57.7% |
| Amounts payable | 17/49 | €28,982 | €23,506 | -€5,476 | -18.9% |
| Amounts payable within one year | 42/48 | €28,982 | €23,506 | -€5,476 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,180 | +€5,180 | |
| Trade debts | 44 | €5,212 | €2,548 | -€2,664 | -51.1% |
| Suppliers | 440/4 | €5,212 | €2,548 | -€2,664 | -51.1% |
| Taxes, remuneration and social security | 45 | €19,757 | €11,765 | -€7,992 | -40.5% |
| Taxes | 450/3 | €1,007 | €6,665 | +€5,658 | +562% |
| Remuneration and social security | 454/9 | €18,750 | €5,100 | -€13,650 | -72.8% |
| Other amounts payable | 47/48 | €4,014 | €4,014 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €0 | -€37 | -100% |
| Other operating charges | 640/8 | €634 | €961 | +€327 | +51.5% |
| Gross operating margin | 9900 | -€1,880 | €36,274 | +€38,153 | |
| Operating profit (loss) | 9901 | -€2,551 | €35,313 | +€37,864 | |
| Financial income | 75/76B | €85 | €381 | +€297 | +351% |
| Recurring financial income | 75 | €85 | €381 | +€297 | +351% |
| Financial charges | 65/66B | €2,459 | €2,326 | -€132 | -5.4% |
| Recurring financial charges | 65 | €2,459 | €2,326 | -€132 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,925 | €33,368 | +€38,293 | |
| Income taxes | 67/77 | €356 | €1,608 | +€1,252 | +352% |
| Profit (loss) for the period | 9904 | -€5,281 | €31,760 | +€37,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,281 | €31,760 | +€37,041 |
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 14 October 2026 via checked.be.