Avena Management: 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.
Avena Management
Largest movements
- Receivables within one year +€24,521
up €24,521 (+14,468%), from €169 to €24,691
of which Trade receivables: +€22,046
- Tangible fixed assets +€4,353
new in 2025: €4,353
- Other debts +€30,014
up €30,014 (+85.8%), from €35,000 to €65,014
- Profit (loss) carried forward -€3,468
down €3,468 (-65.6%), from €5,286 to €1,818
- Tax, wage and social debts +€2,686
up €2,686 (+31.6%), from €8,486 to €11,172
- Gross operating margin +€40,911
up €40,911 (+79.1%), from €51,713 to €92,624
- Taxes +€8,931
up €8,931 (+81.8%), from €10,924 to €19,855
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 | €59,245 | €88,545 | +€29,300 | +49.5% |
| Fixed assets | 21/28 | - | €4,353 | +€4,353 | |
| Tangible fixed assets | 22/27 | - | €4,353 | +€4,353 | |
| Furniture and vehicles | 24 | - | €4,353 | +€4,353 | |
| Current assets | 29/58 | €59,245 | €84,192 | +€24,947 | +42.1% |
| Amounts receivable within one year | 40/41 | €169 | €24,691 | +€24,521 | +14,468% |
| Trade receivables | 40 | - | €22,046 | +€22,046 | |
| Other amounts receivable | 41 | €169 | €2,645 | +€2,475 | +1,461% |
| Cash at bank and in hand | 54/58 | €58,554 | €58,808 | +€254 | +0.4% |
| Deferred charges and accrued income | 490/1 | €521 | €693 | +€172 | +33.0% |
| Total equity and liabilities | 10/49 | €59,245 | €88,545 | +€29,300 | +49.5% |
| Equity | 10/15 | €15,286 | €11,818 | -€3,468 | -22.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,286 | €1,818 | -€3,468 | -65.6% |
| Amounts payable | 17/49 | €43,959 | €76,727 | +€32,768 | +74.5% |
| Amounts payable within one year | 42/48 | €43,959 | €76,727 | +€32,768 | +74.5% |
| Trade debts | 44 | €473 | €541 | +€68 | +14.5% |
| Suppliers | 440/4 | €473 | €541 | +€68 | +14.5% |
| Taxes, remuneration and social security | 45 | €8,486 | €11,172 | +€2,686 | +31.6% |
| Taxes | 450/3 | €8,486 | €11,172 | +€2,686 | +31.6% |
| Other amounts payable | 47/48 | €35,000 | €65,014 | +€30,014 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €447 | +€447 | |
| Other operating charges | 640/8 | €451 | €574 | +€123 | +27.2% |
| Gross operating margin | 9900 | €51,713 | €92,624 | +€40,911 | +79.1% |
| Operating profit (loss) | 9901 | €51,262 | €91,603 | +€40,341 | +78.7% |
| Financial charges | 65/66B | €146 | €215 | +€69 | +47.6% |
| Recurring financial charges | 65 | €146 | €215 | +€69 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €51,116 | €91,388 | +€40,272 | +78.8% |
| Income taxes | 67/77 | €10,924 | €19,855 | +€8,931 | +81.8% |
| Profit (loss) for the period | 9904 | €40,192 | €71,532 | +€31,340 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,192 | €71,532 | +€31,340 | +78.0% |
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 30 October 2026 via checked.be.