AVENIR ESTATE: 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.
AVENIR ESTATE
Largest movements
- Cash -€97,351
down €97,351 (-89.3%), from €109,043 to €11,693
mainly Other debts (-€71,434) and Net result for the year (-€43,998)
- Receivables within one year -€25,352
down €25,352 (-57.6%), from €44,041 to €18,689
- Other debts -€71,434
down €71,434 (-65.4%), from €109,248 to €37,814
- Profit (loss) carried forward -€43,998
down €43,998, from €2,184 to -€41,813
- Tax, wage and social debts -€9,852
down €9,852 (-41.2%), from €23,935 to €14,082
of which Taxes: -€6,519
- Advances received +€6,127
up €6,127 (+306%), from €2,000 to €8,127
- Trade debts -€5,590
down €5,590 (-23.0%), from €24,327 to €18,737
- Gross operating margin -€72,259
down €72,259, from €52,490 to -€19,769
- Staff costs -€23,981
down €23,981 (-54.0%), from €44,441 to €20,460
- Taxes -€1,768
no longer reported in 2025 (was €1,768)
- Depreciation +€1,237
up €1,237 (+137%), from €904 to €2,141
- Other operating charges -€1,149
down €1,149 (-77.4%), from €1,485 to €336
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 | €164,694 | €40,448 | -€124,247 | -75.4% |
| Fixed assets | 21/28 | €11,610 | €10,066 | -€1,544 | -13.3% |
| Intangible fixed assets | 21 | €649 | €149 | -€500 | -77.0% |
| Tangible fixed assets | 22/27 | €10,961 | €9,917 | -€1,044 | -9.5% |
| Furniture and vehicles | 24 | €3,845 | €3,537 | -€308 | -8.0% |
| Other tangible fixed assets | 26 | €7,115 | €6,380 | -€735 | -10.3% |
| Current assets | 29/58 | €153,084 | €30,381 | -€122,703 | -80.2% |
| Amounts receivable within one year | 40/41 | €44,041 | €18,689 | -€25,352 | -57.6% |
| Trade receivables | 40 | €44,041 | €18,689 | -€25,352 | -57.6% |
| Cash at bank and in hand | 54/58 | €109,043 | €11,693 | -€97,351 | -89.3% |
| Total equity and liabilities | 10/49 | €164,694 | €40,448 | -€124,247 | -75.4% |
| Equity | 10/15 | €5,184 | -€38,813 | -€43,998 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,184 | -€41,813 | -€43,998 | |
| Amounts payable | 17/49 | €159,510 | €79,261 | -€80,249 | -50.3% |
| Amounts payable within one year | 42/48 | €159,510 | €78,761 | -€80,749 | -50.6% |
| Trade debts | 44 | €24,327 | €18,737 | -€5,590 | -23.0% |
| Suppliers | 440/4 | €24,327 | €18,737 | -€5,590 | -23.0% |
| Advances received on contracts in progress | 46 | €2,000 | €8,127 | +€6,127 | +306% |
| Taxes, remuneration and social security | 45 | €23,935 | €14,082 | -€9,852 | -41.2% |
| Taxes | 450/3 | €12,235 | €5,716 | -€6,519 | -53.3% |
| Remuneration and social security | 454/9 | €11,700 | €8,367 | -€3,333 | -28.5% |
| Other amounts payable | 47/48 | €109,248 | €37,814 | -€71,434 | -65.4% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €3,567 | +€3,567 | |
| Remuneration, social security and pensions | 62 | €44,441 | €20,460 | -€23,981 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904 | €2,141 | +€1,237 | +137% |
| Other operating charges | 640/8 | €1,485 | €336 | -€1,149 | -77.4% |
| Non-recurring operating charges | 66A | - | €206 | +€206 | |
| Gross operating margin | 9900 | €52,490 | -€19,769 | -€72,259 | |
| Operating profit (loss) | 9901 | €5,660 | -€42,912 | -€48,572 | |
| Financial income | 75/76B | €2 | €4 | +€1 | +59.6% |
| Recurring financial income | 75 | €2 | €4 | +€1 | +59.6% |
| Financial charges | 65/66B | €677 | €1,090 | +€412 | +60.9% |
| Recurring financial charges | 65 | €677 | €1,090 | +€412 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €4,985 | -€43,998 | -€48,983 | |
| Income taxes | 67/77 | €1,768 | - | -€1,768 | |
| Profit (loss) for the period | 9904 | €3,217 | -€43,998 | -€47,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,217 | -€43,998 | -€47,215 |
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 24 October 2026 via checked.be.