AVASCA: 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.
AVASCA
Largest movements
- Deferred charges and accrued income -€6,842
down €6,842 (-66.7%), from €10,251 to €3,410
- Cash +€5,453
up €5,453 (+20.0%), from €27,217 to €32,671
mainly Other debts (+€61,026) and Net result for the year (+€25,760)
- Tangible fixed assets +€3,038
up €3,038 (+9.5%), from €31,872 to €34,910
of which Furniture and vehicles: +€6,784
- Receivables within one year +€2,553
up €2,553 (+8.2%), from €30,991 to €33,545
of which Trade receivables: +€1,822
- Other debts +€61,026
new in 2025: €61,026
- Reserves -€53,064
down €53,064 (-69.3%), from €76,606 to €23,542
- Trade debts -€5,225
down €5,225 (-97.6%), from €5,352 to €127
- Tax, wage and social debts +€4,623
up €4,623 (+60.2%), from €7,684 to €12,307
- Current portion of long-term debt -€2,170
down €2,170 (-100%), from €2,170 to €0
- Gross operating margin +€27,248
up €27,248 (+181%), from €15,072 to €42,319
- Taxes +€5,083
up €5,083 (+164%), from €3,101 to €8,184
- Depreciation +€1,268
up €1,268 (+35.3%), from €3,591 to €4,859
- Financial charges +€1,145
up €1,145 (+71.1%), from €1,611 to €2,757
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 | €101,673 | €105,606 | +€3,933 | +3.9% |
| Fixed assets | 21/28 | €33,213 | €35,981 | +€2,768 | +8.3% |
| Intangible fixed assets | 21 | €1,341 | €1,071 | -€270 | -20.1% |
| Tangible fixed assets | 22/27 | €31,872 | €34,910 | +€3,038 | +9.5% |
| Plant, machinery and equipment | 23 | €1,038 | €718 | -€320 | -30.8% |
| Furniture and vehicles | 24 | €1,361 | €8,145 | +€6,784 | +499% |
| Other tangible fixed assets | 26 | €29,473 | €26,046 | -€3,427 | -11.6% |
| Current assets | 29/58 | €68,460 | €69,625 | +€1,165 | +1.7% |
| Amounts receivable within one year | 40/41 | €30,991 | €33,545 | +€2,553 | +8.2% |
| Trade receivables | 40 | €18,008 | €19,830 | +€1,822 | +10.1% |
| Other amounts receivable | 41 | €12,983 | €13,715 | +€732 | +5.6% |
| Cash at bank and in hand | 54/58 | €27,217 | €32,671 | +€5,453 | +20.0% |
| Deferred charges and accrued income | 490/1 | €10,251 | €3,410 | -€6,842 | -66.7% |
| Total equity and liabilities | 10/49 | €101,673 | €105,606 | +€3,933 | +3.9% |
| Equity | 10/15 | €79,606 | €26,542 | -€53,064 | -66.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,606 | €23,542 | -€53,064 | -69.3% |
| Distributable reserves | 133 | €76,606 | €23,542 | -€53,064 | -69.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,068 | €79,064 | +€56,997 | +258% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,502 | €77,499 | +€56,997 | +278% |
| Current portion of amounts payable after more than one year | 42 | €2,170 | €0 | -€2,170 | -100% |
| Financial debts | 43 | €5,296 | €4,038 | -€1,258 | -23.7% |
| Credit institutions | 430/8 | €5,296 | €4,038 | -€1,258 | -23.7% |
| Trade debts | 44 | €5,352 | €127 | -€5,225 | -97.6% |
| Suppliers | 440/4 | €5,352 | €127 | -€5,225 | -97.6% |
| Taxes, remuneration and social security | 45 | €7,684 | €12,307 | +€4,623 | +60.2% |
| Taxes | 450/3 | €7,684 | €12,307 | +€4,623 | +60.2% |
| Other amounts payable | 47/48 | - | €61,026 | +€61,026 | |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,566 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,591 | €4,859 | +€1,268 | +35.3% |
| Other operating charges | 640/8 | €423 | €760 | +€337 | +79.8% |
| Non-recurring operating charges | 66A | €1,677 | €0 | -€1,677 | -100% |
| Gross operating margin | 9900 | €15,072 | €42,319 | +€27,248 | +181% |
| Operating profit (loss) | 9901 | €9,381 | €36,700 | +€27,319 | +291% |
| Financial income | 75/76B | €379 | €0 | -€379 | -100% |
| Recurring financial income | 75 | €379 | €0 | -€379 | -100% |
| Financial charges | 65/66B | €1,611 | €2,757 | +€1,145 | +71.1% |
| Recurring financial charges | 65 | €1,611 | €2,757 | +€1,145 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €8,149 | €33,944 | +€25,794 | +317% |
| Income taxes | 67/77 | €3,101 | €8,184 | +€5,083 | +164% |
| Profit (loss) for the period | 9904 | €5,048 | €25,760 | +€20,711 | +410% |
| Profit (loss) for the period to be appropriated | 9905 | €5,048 | €25,760 | +€20,711 | +410% |
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.