Avaris: what changed
Two fiscal 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.
Avaris
Largest movements
- Tangible fixed assets +€37,779
up €37,779 (+246.6%), from €15,322 to €53,101
of which Plant, machinery and equipment: +€44,502
- Cash -€34,283
down €34,283 (-94.3%), from €36,353 to €2,070
mainly Net result for the year (-€52,239) and Investment in fixed assets (net) (-€51,104)
- Receivables within one year -€21,309
down €21,309 (-79.9%), from €26,681 to €5,371
of which Trade receivables: -€21,775
- Profit (loss) carried forward -€52,239
down €52,239, from €0 to -€52,239
- Debts after one year +€23,352
up €23,352 (+265.9%), from €8,781 to €32,133
- Current portion of long-term debt +€13,099
up €13,099 (+483.3%), from €2,710 to €15,809
- Tax, wage and social debts -€5,788
down €5,788 (-56.5%), from €10,250 to €4,462
- Trade debts +€3,737
up €3,737 (+79.1%), from €4,723 to €8,459
- Gross operating margin -€68,681
down €68,681, from €32,421 to -€36,260
- Taxes -€6,339
down €6,339 (-97.8%), from €6,480 to €140
- Depreciation +€5,424
up €5,424 (+68.7%), from €7,900 to €13,324
- Financial charges +€1,467
up €1,467 (+357.4%), from €411 to €1,878
- Other operating charges -€1,055
down €1,055 (-62.4%), from €1,691 to €636
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.
Cash bridge derived
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 | €95,274 | €77,197 | -€18,078 | -19.0% |
| Fixed assets | 21/28 | €15,322 | €53,101 | +€37,779 | +246.6% |
| Tangible fixed assets | 22/27 | €15,322 | €53,101 | +€37,779 | +246.6% |
| Land and buildings | 22 | €8,223 | €7,248 | -€975 | -11.9% |
| Plant, machinery and equipment | 23 | - | €44,502 | +€44,502 | |
| Furniture and vehicles | 24 | €2,725 | €1,351 | -€1,374 | -50.4% |
| Leasing and similar rights | 25 | €4,374 | €0 | -€4,374 | -100.0% |
| Current assets | 29/58 | €79,953 | €24,096 | -€55,857 | -69.9% |
| Stocks and contracts in progress | 3 | €15,352 | €15,352 | = | 0.0% |
| Stocks | 30/36 | €15,352 | €15,352 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,681 | €5,371 | -€21,309 | -79.9% |
| Trade receivables | 40 | €26,681 | €4,906 | -€21,775 | -81.6% |
| Other amounts receivable | 41 | €0 | €465 | +€465 | |
| Cash at bank and in hand | 54/58 | €36,353 | €2,070 | -€34,283 | -94.3% |
| Deferred charges and accrued income | 490/1 | €1,567 | €1,302 | -€264 | -16.9% |
| Total equity and liabilities | 10/49 | €95,274 | €77,197 | -€18,078 | -19.0% |
| Equity | 10/15 | €67,003 | €14,764 | -€52,239 | -78.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €66,003 | €66,003 | = | 0.0% |
| Distributable reserves | 133 | €66,003 | €66,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€52,239 | -€52,239 | |
| Amounts payable | 17/49 | €28,272 | €62,433 | +€34,161 | +120.8% |
| Amounts payable after more than one year | 17 | €8,781 | €32,133 | +€23,352 | +265.9% |
| Financial debts | 170/4 | €8,781 | €32,133 | +€23,352 | +265.9% |
| Amounts payable within one year | 42/48 | €19,490 | €30,300 | +€10,809 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €2,710 | €15,809 | +€13,099 | +483.3% |
| Financial debts | 43 | €67 | €296 | +€229 | +343.6% |
| Credit institutions | 430/8 | €67 | €296 | +€229 | +343.6% |
| Trade debts | 44 | €4,723 | €8,459 | +€3,737 | +79.1% |
| Suppliers | 440/4 | €4,723 | €8,459 | +€3,737 | +79.1% |
| Taxes, remuneration and social security | 45 | €10,250 | €4,462 | -€5,788 | -56.5% |
| Taxes | 450/3 | €10,250 | €4,462 | -€5,788 | -56.5% |
| Other amounts payable | 47/48 | €1,741 | €1,274 | -€467 | -26.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,900 | €13,324 | +€5,424 | +68.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,691 | €636 | -€1,055 | -62.4% |
| Gross operating margin | 9900 | €32,421 | -€36,260 | -€68,681 | |
| Operating profit (loss) | 9901 | €22,831 | -€50,220 | -€73,051 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €411 | €1,878 | +€1,467 | +357.4% |
| Recurring financial charges | 65 | €411 | €1,878 | +€1,467 | +357.4% |
| Profit (loss) for the period before taxes | 9903 | €22,421 | -€52,098 | -€74,519 | |
| Income taxes | 67/77 | €6,480 | €140 | -€6,339 | -97.8% |
| Profit (loss) for the period | 9904 | €15,941 | -€52,239 | -€68,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,941 | -€52,239 | -€68,180 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.