AVATON: 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.
AVATON
Largest movements
- Receivables within one year -€70,819
down €70,819 (-73.6%), from €96,199 to €25,380
of which Trade receivables: -€78,326
- Cash +€48,796
up €48,796 (+674.3%), from €7,236 to €56,032
mainly Receivables within one year (+€70,819) and Net result for the year (+€10,323)
- Stocks and contracts -€8,961
no longer reported in 2025 (was €8,961)
- Deferred charges and accrued income -€2,142
no longer reported in 2025 (was €2,142)
- Tax, wage and social debts -€25,535
down €25,535 (-53.8%), from €47,447 to €21,912
of which Taxes: -€15,995
- Trade debts -€17,874
down €17,874 (-94.3%), from €18,956 to €1,081
- Reserves +€7,165
up €7,165 (+7.5%), from €96,168 to €103,333
of which Distributable reserves: +€7,165
- Profit (loss) carried forward +€3,158
no longer reported in 2025 (was -€3,158)
- Other debts +€1,899
up €1,899 (+107.3%), from €1,771 to €3,670
- Staff costs -€121,139
no longer reported in 2025 (was €121,139)
- Gross operating margin -€97,127
down €97,127 (-77.8%), from €124,783 to €27,656
- Taxes +€5,764
up €5,764 (+560.2%), from €1,029 to €6,793
- Depreciation +€2,030
up €2,030 (+30.1%), from €6,756 to €8,786
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 | €161,185 | €129,998 | -€31,187 | -19.3% |
| Fixed assets | 21/28 | €46,646 | €48,586 | +€1,940 | +4.2% |
| Tangible fixed assets | 22/27 | €46,646 | €47,836 | +€1,190 | +2.6% |
| Land and buildings | 22 | €1,372 | €1,143 | -€229 | -16.7% |
| Plant, machinery and equipment | 23 | €1,401 | €10,971 | +€9,570 | +683.0% |
| Furniture and vehicles | 24 | €7,159 | €3,319 | -€3,840 | -53.6% |
| Other tangible fixed assets | 26 | €36,714 | €32,403 | -€4,311 | -11.7% |
| Financial fixed assets | 28 | - | €750 | +€750 | |
| Current assets | 29/58 | €114,539 | €81,412 | -€33,127 | -28.9% |
| Stocks and contracts in progress | 3 | €8,961 | - | -€8,961 | |
| Stocks | 30/36 | €8,961 | - | -€8,961 | |
| Amounts receivable within one year | 40/41 | €96,199 | €25,380 | -€70,819 | -73.6% |
| Trade receivables | 40 | €81,351 | €3,025 | -€78,326 | -96.3% |
| Other amounts receivable | 41 | €14,849 | €22,355 | +€7,506 | +50.6% |
| Cash at bank and in hand | 54/58 | €7,236 | €56,032 | +€48,796 | +674.3% |
| Deferred charges and accrued income | 490/1 | €2,142 | - | -€2,142 | |
| Total equity and liabilities | 10/49 | €161,185 | €129,998 | -€31,187 | -19.3% |
| Equity | 10/15 | €93,011 | €103,334 | +€10,323 | +11.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €96,168 | €103,333 | +€7,165 | +7.5% |
| Non-distributable reserves | 130/1 | €197 | €197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €197 | €197 | = | 0.0% |
| Distributable reserves | 133 | €95,971 | €103,136 | +€7,165 | +7.5% |
| Profit (loss) carried forward | 14 | -€3,158 | - | +€3,158 | |
| Amounts payable | 17/49 | €68,173 | €26,664 | -€41,510 | -60.9% |
| Amounts payable within one year | 42/48 | €68,173 | €26,664 | -€41,510 | -60.9% |
| Trade debts | 44 | €18,956 | €1,081 | -€17,874 | -94.3% |
| Suppliers | 440/4 | €18,956 | €1,081 | -€17,874 | -94.3% |
| Taxes, remuneration and social security | 45 | €47,447 | €21,912 | -€25,535 | -53.8% |
| Taxes | 450/3 | €25,571 | €9,577 | -€15,995 | -62.5% |
| Remuneration and social security | 454/9 | €21,876 | €12,336 | -€9,540 | -43.6% |
| Other amounts payable | 47/48 | €1,771 | €3,670 | +€1,899 | +107.3% |
| Remuneration, social security and pensions | 62 | €121,139 | - | -€121,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,756 | €8,786 | +€2,030 | +30.1% |
| Other operating charges | 640/8 | €679 | €1,639 | +€960 | +141.3% |
| Gross operating margin | 9900 | €124,783 | €27,656 | -€97,127 | -77.8% |
| Operating profit (loss) | 9901 | -€3,791 | €17,231 | +€21,022 | |
| Financial income | 75/76B | €178 | - | -€178 | |
| Recurring financial income | 75 | €178 | - | -€178 | |
| Financial charges | 65/66B | €61 | €115 | +€55 | +89.8% |
| Recurring financial charges | 65 | €61 | €115 | +€55 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,674 | €17,116 | +€20,789 | |
| Income taxes | 67/77 | €1,029 | €6,793 | +€5,764 | +560.2% |
| Profit (loss) for the period | 9904 | -€4,703 | €10,323 | +€15,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,703 | €10,323 | +€15,026 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.