Avartis: 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.
Avartis
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash +€44,764
up €44,764 (+63.3%), from €70,752 to €115,516
mainly Net result for the year (+€364,244) and Other debts (+€260,299)
- Receivables within one year +€14,580
up €14,580 (+44.5%), from €32,728 to €47,308
of which Trade receivables: +€18,667
- Deferred charges and accrued income +€4,319
up €4,319 (+1010.9%), from €427 to €4,747
- Other debts +€260,299
up €260,299 (+236.6%), from €110,000 to €370,299
- Tax, wage and social debts +€13,233
up €13,233 (+187.6%), from €7,054 to €20,288
- Reserves -€5,840
down €5,840 (-100.0%), from €5,840 to €0
of which Distributable reserves: -€5,840
- Gross operating margin +€397,991
up €397,991 (+429.8%), from €92,593 to €490,585
- Taxes +€100,441
up €100,441 (+452.1%), from €22,215 to €122,656
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 | €147,079 | €414,470 | +€267,390 | +181.8% |
| Fixed assets | 21/28 | €43,172 | €46,899 | +€3,727 | +8.6% |
| Tangible fixed assets | 22/27 | €42,872 | €46,599 | +€3,727 | +8.7% |
| Plant, machinery and equipment | 23 | €1,397 | €3,197 | +€1,800 | +128.8% |
| Furniture and vehicles | 24 | €6,075 | €5,295 | -€781 | -12.8% |
| Other tangible fixed assets | 26 | €35,400 | €38,107 | +€2,707 | +7.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €103,907 | €367,570 | +€263,664 | +253.8% |
| Amounts receivable within one year | 40/41 | €32,728 | €47,308 | +€14,580 | +44.5% |
| Trade receivables | 40 | €28,641 | €47,308 | +€18,667 | +65.2% |
| Other amounts receivable | 41 | €4,087 | €0 | -€4,087 | -100.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €70,752 | €115,516 | +€44,764 | +63.3% |
| Deferred charges and accrued income | 490/1 | €427 | €4,747 | +€4,319 | +1010.9% |
| Total equity and liabilities | 10/49 | €147,079 | €414,470 | +€267,390 | +181.8% |
| Equity | 10/15 | €24,440 | €18,600 | -€5,840 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,840 | €0 | -€5,840 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,840 | €0 | -€5,840 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,639 | €395,870 | +€273,231 | +222.8% |
| Amounts payable within one year | 42/48 | €122,639 | €395,870 | +€273,231 | +222.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,585 | €5,283 | -€302 | -5.4% |
| Suppliers | 440/4 | €5,585 | €5,283 | -€302 | -5.4% |
| Taxes, remuneration and social security | 45 | €7,054 | €20,288 | +€13,233 | +187.6% |
| Taxes | 450/3 | €7,054 | €20,288 | +€13,233 | +187.6% |
| Other amounts payable | 47/48 | €110,000 | €370,299 | +€260,299 | +236.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €7,175 | -€1 | 0.0% |
| Other operating charges | 640/8 | €463 | €1,033 | +€571 | +123.2% |
| Gross operating margin | 9900 | €92,593 | €490,585 | +€397,991 | +429.8% |
| Operating profit (loss) | 9901 | €84,954 | €482,376 | +€397,422 | +467.8% |
| Financial income | 75/76B | €122 | €4,578 | +€4,455 | +3643.7% |
| Recurring financial income | 75 | €122 | €4,578 | +€4,455 | +3643.7% |
| Financial charges | 65/66B | €251 | €54 | -€197 | -78.5% |
| Recurring financial charges | 65 | €251 | €54 | -€197 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €84,826 | €486,900 | +€402,074 | +474.0% |
| Income taxes | 67/77 | €22,215 | €122,656 | +€100,441 | +452.1% |
| Profit (loss) for the period | 9904 | €62,611 | €364,244 | +€301,633 | +481.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,611 | €364,244 | +€301,633 | +481.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.