AVENCO: 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.
AVENCO
Largest movements
- Tangible fixed assets -€19,573
down €19,573 (-3.8%), from €519,794 to €500,221
of which Land and buildings: -€16,836
- Profit (loss) carried forward -€36,525
down €36,525 (-40.0%), from -€91,229 to -€127,754
- Other debts +€12,363
up €12,363 (+155%), from €7,958 to €20,321
- Gross operating margin +€7,857
up €7,857 (+39.3%), from -€20,010 to -€12,153
- Financial charges -€372
down €372 (-15.3%), from €2,424 to €2,052
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 | €537,962 | €511,026 | -€26,936 | -5.0% |
| Fixed assets | 21/28 | €519,794 | €500,221 | -€19,573 | -3.8% |
| Tangible fixed assets | 22/27 | €519,794 | €500,221 | -€19,573 | -3.8% |
| Land and buildings | 22 | €512,922 | €496,086 | -€16,836 | -3.3% |
| Plant, machinery and equipment | 23 | €5,544 | €3,680 | -€1,864 | -33.6% |
| Furniture and vehicles | 24 | €1,328 | €455 | -€873 | -65.7% |
| Current assets | 29/58 | €18,168 | €10,805 | -€7,363 | -40.5% |
| Amounts receivable within one year | 40/41 | €2,500 | €221 | -€2,279 | -91.2% |
| Trade receivables | 40 | €1,701 | - | -€1,701 | |
| Other amounts receivable | 41 | €799 | €221 | -€578 | -72.3% |
| Cash at bank and in hand | 54/58 | €3,668 | €3,372 | -€296 | -8.1% |
| Deferred charges and accrued income | 490/1 | €12,000 | €7,212 | -€4,788 | -39.9% |
| Total equity and liabilities | 10/49 | €537,962 | €511,026 | -€26,936 | -5.0% |
| Equity | 10/15 | -€76,229 | -€112,754 | -€36,525 | -47.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,229 | -€127,754 | -€36,525 | -40.0% |
| Amounts payable | 17/49 | €614,191 | €623,780 | +€9,589 | +1.6% |
| Amounts payable after more than one year | 17 | €600,200 | €600,200 | = | 0.0% |
| Financial debts | 170/4 | €600,000 | €600,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200 | €200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,585 | €21,790 | +€9,205 | +73.1% |
| Trade debts | 44 | €3,856 | €632 | -€3,224 | -83.6% |
| Suppliers | 440/4 | €3,856 | €632 | -€3,224 | -83.6% |
| Taxes, remuneration and social security | 45 | €771 | €837 | +€66 | +8.6% |
| Taxes | 450/3 | €771 | €837 | +€66 | +8.6% |
| Other amounts payable | 47/48 | €7,958 | €20,321 | +€12,363 | +155% |
| Accrued charges and deferred income | 492/3 | €1,406 | €1,790 | +€384 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,585 | €19,573 | -€12 | -0.1% |
| Other operating charges | 640/8 | €2,272 | €2,339 | +€67 | +2.9% |
| Gross operating margin | 9900 | -€20,010 | -€12,153 | +€7,857 | +39.3% |
| Operating profit (loss) | 9901 | -€41,867 | -€34,065 | +€7,802 | +18.6% |
| Financial charges | 65/66B | €2,424 | €2,052 | -€372 | -15.3% |
| Recurring financial charges | 65 | €2,424 | €2,052 | -€372 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,291 | -€36,117 | +€8,174 | +18.5% |
| Income taxes | 67/77 | €428 | €408 | -€20 | -4.7% |
| Profit (loss) for the period | 9904 | -€44,719 | -€36,525 | +€8,194 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,719 | -€36,525 | +€8,194 | +18.3% |
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 18 October 2026 via checked.be.