AVENSI: 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.
AVENSI
Largest movements
- Tangible fixed assets -€42,684
down €42,684 (-3.3%), from €1.3m to €1.2m
of which Land and buildings: -€43,380
- Cash +€15,290
up €15,290 (+118.4%), from €12,911 to €28,201
mainly Depreciation (+€55,114) and Net result for the year (+€26,981)
- Debts after one year -€85,198
down €85,198 (-9.3%), from €919,446 to €834,248
- Profit (loss) carried forward +€26,981
up €26,981, from -€19,792 to €7,189
- Current portion of long-term debt +€13,112
up €13,112 (+18.2%), from €72,086 to €85,198
- Gross operating margin -€19,070
down €19,070 (-14.4%), from €132,336 to €113,266
- Other operating charges -€12,230
down €12,230 (-91.9%), from €13,307 to €1,077
- Depreciation +€2,435
up €2,435 (+4.6%), from €52,679 to €55,114
- Taxes +€2,426
new in 2025: €2,426
- Financial charges -€1,906
down €1,906 (-6.4%), from €29,575 to €27,669
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 | €1,287,143 | €1,259,749 | -€27,394 | -2.1% |
| Fixed assets | 21/28 | €1,274,232 | €1,231,548 | -€42,684 | -3.3% |
| Tangible fixed assets | 22/27 | €1,274,232 | €1,231,548 | -€42,684 | -3.3% |
| Land and buildings | 22 | €1,236,023 | €1,192,643 | -€43,380 | -3.5% |
| Plant, machinery and equipment | 23 | €38,209 | €38,905 | +€695 | +1.8% |
| Current assets | 29/58 | €12,911 | €28,201 | +€15,290 | +118.4% |
| Cash at bank and in hand | 54/58 | €12,911 | €28,201 | +€15,290 | +118.4% |
| Total equity and liabilities | 10/49 | €1,287,143 | €1,259,749 | -€27,394 | -2.1% |
| Equity | 10/15 | €80,208 | €107,189 | +€26,981 | +33.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,792 | €7,189 | +€26,981 | |
| Amounts payable | 17/49 | €1,206,935 | €1,152,560 | -€54,375 | -4.5% |
| Amounts payable after more than one year | 17 | €919,446 | €834,248 | -€85,198 | -9.3% |
| Financial debts | 170/4 | €919,446 | €834,248 | -€85,198 | -9.3% |
| Amounts payable within one year | 42/48 | €287,489 | €318,312 | +€30,823 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €72,086 | €85,198 | +€13,112 | +18.2% |
| Trade debts | 44 | €1,281 | €8,915 | +€7,634 | +595.8% |
| Suppliers | 440/4 | €1,281 | €8,915 | +€7,634 | +595.8% |
| Taxes, remuneration and social security | 45 | - | €2,426 | +€2,426 | |
| Taxes | 450/3 | - | €2,426 | +€2,426 | |
| Other amounts payable | 47/48 | €214,122 | €221,773 | +€7,651 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,679 | €55,114 | +€2,435 | +4.6% |
| Other operating charges | 640/8 | €13,307 | €1,077 | -€12,230 | -91.9% |
| Gross operating margin | 9900 | €132,336 | €113,266 | -€19,070 | -14.4% |
| Operating profit (loss) | 9901 | €66,350 | €57,076 | -€9,275 | -14.0% |
| Financial charges | 65/66B | €29,575 | €27,669 | -€1,906 | -6.4% |
| Recurring financial charges | 65 | €29,575 | €27,669 | -€1,906 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €36,776 | €29,407 | -€7,369 | -20.0% |
| Income taxes | 67/77 | - | €2,426 | +€2,426 | |
| Profit (loss) for the period | 9904 | €36,776 | €26,981 | -€9,795 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,776 | €26,981 | -€9,795 | -26.6% |
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.