AVASS: what changed
What changed
AVASS
NACE 46.110, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€10,045
2024 · -€3,248-€6,797
Equity
€160,782
2024 · €170,827-€10,045
Cash
€851
2024 · €10,766-€9,915
Balance sheet total
€537,261
2024 · €499,265+€37,996
Largest movements
Assets
- Receivables within one year +€91,894
up €91,894 (+44.4%), from €207,187 to €299,081
of which Trade receivables: +€99,416
- Tangible fixed assets -€48,392
down €48,392 (-25.2%), from €191,678 to €143,285
- Cash -€9,915
down €9,915 (-92.1%), from €10,766 to €851
mainly Receivables within one year (-€91,894) and Debts after one year (-€77,578)
- Stocks and contracts +€7,189
up €7,189 (+10.6%), from €67,661 to €74,850
Equity and liabilities
- Other debts +€116,192
up €116,192 (+498%), from €23,314 to €139,506
- Debts after one year -€77,578
down €77,578 (-82.3%), from €94,282 to €16,705
- Short-term financial debts +€20,000
new in 2025: €20,000
- Current portion of long-term debt -€13,058
down €13,058 (-21.9%), from €59,724 to €46,666
- Reserves -€9,910
down €9,910 (-6.9%), from €143,118 to €133,208
of which Tax-exempt reserves: -€9,910
Income statement
- Gross operating margin -€22,528
down €22,528 (-27.4%), from €82,366 to €59,838
- Staff costs -€4,018
no longer reported in 2025 (was €4,018)
- Other operating charges -€3,143
down €3,143 (-22.0%), from €14,297 to €11,154
- Financial income +€1,371
up €1,371 (+436%), from €315 to €1,685
- Financial charges +€1,287
up €1,287 (+13.3%), from €9,693 to €10,980
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€3,248
Gross operating margin
-€22,528
Staff costs
+€4,018
Depreciation
+€48
Other operating charges
+€3,143
Other operating items
+€4,604
Financial income
+€1,371
Financial charges
-€1,287
Taxes
+€1,097
Deferred taxes and other
+€2,738
Result 2025
-€10,045
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€64,131
Investment
-€3,411
Financing
-€70,635
Cash 2024
€10,766
From operations (derived)
+€64,131
Net result for the year
-€10,045
Depreciation
+€52,103
Stocks and contracts
-€7,189
Receivables within one year
-€91,894
Deferred charges and accrued income
+€2,480
Provisions
-€3,303
Trade debts
+€6,075
Tax, wage and social debts
-€288
Other debts
+€116,192
Investment (derived)
-€3,411
Investment in fixed assets (net)
-€3,411
Financing
-€70,635
Debts after one year
-€77,578
Current portion of long-term debt
-€13,058
Short-term financial debts
+€20,000
Cash 2025
€851
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,265 | €537,261 | +€37,996 | +7.6% |
| Fixed assets | 21/28 | €194,028 | €145,335 | -€48,692 | -25.1% |
| Tangible fixed assets | 22/27 | €191,678 | €143,285 | -€48,392 | -25.2% |
| Land and buildings | 22 | €32,388 | €21,609 | -€10,778 | -33.3% |
| Plant, machinery and equipment | 23 | €35,379 | €22,393 | -€12,987 | -36.7% |
| Furniture and vehicles | 24 | €40,341 | €36,276 | -€4,065 | -10.1% |
| Leasing and similar rights | 25 | €83,569 | €63,007 | -€20,562 | -24.6% |
| Financial fixed assets | 28 | €2,350 | €2,050 | -€300 | -12.8% |
| Current assets | 29/58 | €305,238 | €391,926 | +€86,688 | +28.4% |
| Stocks and contracts in progress | 3 | €67,661 | €74,850 | +€7,189 | +10.6% |
| Stocks | 30/36 | €67,661 | €74,850 | +€7,189 | +10.6% |
| Amounts receivable within one year | 40/41 | €207,187 | €299,081 | +€91,894 | +44.4% |
| Trade receivables | 40 | €194,333 | €293,749 | +€99,416 | +51.2% |
| Other amounts receivable | 41 | €12,854 | €5,332 | -€7,522 | -58.5% |
| Cash at bank and in hand | 54/58 | €10,766 | €851 | -€9,915 | -92.1% |
| Deferred charges and accrued income | 490/1 | €19,623 | €17,143 | -€2,480 | -12.6% |
| Total equity and liabilities | 10/49 | €499,265 | €537,261 | +€37,996 | +7.6% |
| Equity | 10/15 | €170,827 | €160,782 | -€10,045 | -5.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €143,118 | €133,208 | -€9,910 | -6.9% |
| Tax-exempt reserves | 132 | €66,263 | €56,353 | -€9,910 | -15.0% |
| Distributable reserves | 133 | €76,855 | €76,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,159 | €9,024 | -€135 | -1.5% |
| Provisions and deferred taxes | 16 | €22,088 | €18,785 | -€3,303 | -15.0% |
| Deferred taxes | 168 | €22,088 | €18,785 | -€3,303 | -15.0% |
| Amounts payable | 17/49 | €306,351 | €357,694 | +€51,344 | +16.8% |
| Amounts payable after more than one year | 17 | €94,282 | €16,705 | -€77,578 | -82.3% |
| Financial debts | 170/4 | €94,282 | €16,705 | -€77,578 | -82.3% |
| Amounts payable within one year | 42/48 | €212,068 | €340,990 | +€128,921 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €59,724 | €46,666 | -€13,058 | -21.9% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €126,171 | €132,247 | +€6,075 | +4.8% |
| Suppliers | 440/4 | €126,171 | €132,247 | +€6,075 | +4.8% |
| Taxes, remuneration and social security | 45 | €2,859 | €2,571 | -€288 | -10.1% |
| Taxes | 450/3 | €1,731 | €2,366 | +€634 | +36.6% |
| Remuneration and social security | 454/9 | €1,128 | €206 | -€922 | -81.7% |
| Other amounts payable | 47/48 | €23,314 | €139,506 | +€116,192 | +498% |
| Remuneration, social security and pensions | 62 | €4,018 | - | -€4,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,151 | €52,103 | -€48 | -0.1% |
| Other operating charges | 640/8 | €14,297 | €11,154 | -€3,143 | -22.0% |
| Non-recurring operating charges | 66A | €4,604 | - | -€4,604 | |
| Gross operating margin | 9900 | €82,366 | €59,838 | -€22,528 | -27.4% |
| Operating profit (loss) | 9901 | €7,297 | -€3,419 | -€10,715 | |
| Financial income | 75/76B | €315 | €1,685 | +€1,371 | +436% |
| Recurring financial income | 75 | €315 | €1,685 | +€1,371 | +436% |
| Financial charges | 65/66B | €9,693 | €10,980 | +€1,287 | +13.3% |
| Recurring financial charges | 65 | €9,693 | €10,980 | +€1,287 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,082 | -€12,714 | -€10,632 | -511% |
| Transfer from deferred taxes | 780 | €4,191 | €3,303 | -€887 | -21.2% |
| Transfer to deferred taxes | 680 | €3,625 | - | -€3,625 | |
| Income taxes | 67/77 | €1,731 | €634 | -€1,097 | -63.4% |
| Profit (loss) for the period | 9904 | -€3,248 | -€10,045 | -€6,797 | -209% |
| Transfer from tax-exempt reserves | 789 | €12,572 | €9,910 | -€2,662 | -21.2% |
| Transfer to tax-exempt reserves | 689 | €10,875 | - | -€10,875 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,551 | -€135 | +€1,416 | +91.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.