"AVATARS": 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.
"AVATARS"
Largest movements
- Intangible fixed assets -€14,400
down €14,400 (-13.1%), from €109,598 to €95,198
- Receivables within one year -€14,199
down €14,199 (-25.6%), from €55,545 to €41,346
of which Other amounts receivable: -€13,311
- Cash -€3,471
down €3,471 (-98.0%), from €3,543 to €72
mainly Debts after one year (-€21,613) and Tax, wage and social debts (-€9,464)
- Debts after one year -€21,613
down €21,613 (-26.1%), from €82,718 to €61,105
- Tax, wage and social debts -€9,464
down €9,464 (-53.9%), from €17,559 to €8,095
- Profit (loss) carried forward -€1,922
down €1,922 (-4.1%), from €46,387 to €44,465
- Gross operating margin -€16,576
down €16,576 (-49.2%), from €33,687 to €17,111
- Taxes -€4,252
down €4,252 (-79.2%), from €5,366 to €1,114
- Financial income +€895
up €895 (+8,951,600%), from €0 to €895
- Other operating charges +€844
new in 2025: €844
- Financial charges -€677
down €677 (-17.8%), from €3,807 to €3,130
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 | €170,602 | €138,954 | -€31,648 | -18.6% |
| Fixed assets | 21/28 | €111,514 | €96,673 | -€14,841 | -13.3% |
| Intangible fixed assets | 21 | €109,598 | €95,198 | -€14,400 | -13.1% |
| Tangible fixed assets | 22/27 | €1,916 | €1,475 | -€441 | -23.0% |
| Plant, machinery and equipment | 23 | €1,916 | €1,475 | -€441 | -23.0% |
| Current assets | 29/58 | €59,088 | €42,281 | -€16,807 | -28.4% |
| Amounts receivable within one year | 40/41 | €55,545 | €41,346 | -€14,199 | -25.6% |
| Trade receivables | 40 | €888 | - | -€888 | |
| Other amounts receivable | 41 | €54,657 | €41,346 | -€13,311 | -24.4% |
| Cash at bank and in hand | 54/58 | €3,543 | €72 | -€3,471 | -98.0% |
| Deferred charges and accrued income | 490/1 | - | €864 | +€864 | |
| Total equity and liabilities | 10/49 | €170,602 | €138,954 | -€31,648 | -18.6% |
| Equity | 10/15 | €49,387 | €47,465 | -€1,922 | -3.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,387 | €44,465 | -€1,922 | -4.1% |
| Amounts payable | 17/49 | €121,215 | €91,489 | -€29,726 | -24.5% |
| Amounts payable after more than one year | 17 | €82,718 | €61,105 | -€21,613 | -26.1% |
| Financial debts | 170/4 | €82,718 | €61,105 | -€21,613 | -26.1% |
| Amounts payable within one year | 42/48 | €38,497 | €30,383 | -€8,113 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €20,937 | €21,613 | +€676 | +3.2% |
| Trade debts | 44 | - | €675 | +€675 | |
| Suppliers | 440/4 | - | €675 | +€675 | |
| Taxes, remuneration and social security | 45 | €17,559 | €8,095 | -€9,464 | -53.9% |
| Taxes | 450/3 | €17,559 | €8,095 | -€9,464 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,691 | €14,841 | +€151 | +1.0% |
| Other operating charges | 640/8 | - | €844 | +€844 | |
| Gross operating margin | 9900 | €33,687 | €17,111 | -€16,576 | -49.2% |
| Operating profit (loss) | 9901 | €18,997 | €1,426 | -€17,571 | -92.5% |
| Financial income | 75/76B | €0 | €895 | +€895 | +8,951,600% |
| Recurring financial income | 75 | €0 | €895 | +€895 | +8,951,600% |
| Financial charges | 65/66B | €3,807 | €3,130 | -€677 | -17.8% |
| Recurring financial charges | 65 | €3,807 | €3,130 | -€677 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €15,190 | -€809 | -€15,998 | |
| Income taxes | 67/77 | €5,366 | €1,114 | -€4,252 | -79.2% |
| Profit (loss) for the period | 9904 | €9,824 | -€1,922 | -€11,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,824 | -€1,922 | -€11,746 |
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 16 October 2026 via checked.be.