AVENU: 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.
AVENU
Largest movements
- Cash +€145,022
up €145,022 (+30.8%), from €470,782 to €615,804
mainly Net result for the year (+€195,041) and Stocks and contracts (+€5,527)
- Receivables within one year +€13,828
up €13,828 (+517%), from €2,675 to €16,503
of which Trade receivables: +€12,676
- Reserves +€184,041
up €184,041 (+51.4%), from €357,965 to €542,006
of which Distributable reserves: +€184,041
- Short-term financial debts -€20,000
down €20,000 (-90.9%), from €22,000 to €2,000
- Tax, wage and social debts -€13,475
down €13,475 (-33.1%), from €40,741 to €27,265
of which Remuneration and social security: -€12,908
- Profit (loss) carried forward +€11,000
up €11,000 (+84.5%), from €13,016 to €24,016
- Gross operating margin +€149,654
up €149,654 (+53.1%), from €281,644 to €431,298
- Taxes +€61,691
up €61,691 (+198%), from €31,163 to €92,854
- Staff costs -€32,967
down €32,967 (-26.2%), from €125,659 to €92,692
- Other operating charges -€10,448
down €10,448 (-18.4%), from €56,793 to €46,345
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 | €488,326 | €640,013 | +€151,687 | +31.1% |
| Fixed assets | 21/28 | €9,342 | €7,705 | -€1,637 | -17.5% |
| Tangible fixed assets | 22/27 | €1,637 | €0 | -€1,637 | -100% |
| Plant, machinery and equipment | 23 | €1,637 | €0 | -€1,637 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Financial fixed assets | 28 | €7,705 | €7,705 | = | 0.0% |
| Current assets | 29/58 | €478,984 | €632,308 | +€153,324 | +32.0% |
| Stocks and contracts in progress | 3 | €5,527 | €0 | -€5,527 | -100% |
| Stocks | 30/36 | €5,527 | €0 | -€5,527 | -100% |
| Amounts receivable within one year | 40/41 | €2,675 | €16,503 | +€13,828 | +517% |
| Trade receivables | 40 | €2,500 | €15,176 | +€12,676 | +507% |
| Other amounts receivable | 41 | €175 | €1,328 | +€1,153 | +659% |
| Cash at bank and in hand | 54/58 | €470,782 | €615,804 | +€145,022 | +30.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €488,326 | €640,013 | +€151,687 | +31.1% |
| Equity | 10/15 | €389,582 | €584,623 | +€195,041 | +50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €357,965 | €542,006 | +€184,041 | +51.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €356,105 | €540,146 | +€184,041 | +51.7% |
| Profit (loss) carried forward | 14 | €13,016 | €24,016 | +€11,000 | +84.5% |
| Amounts payable | 17/49 | €98,744 | €55,390 | -€43,354 | -43.9% |
| Amounts payable after more than one year | 17 | €19,459 | €16,269 | -€3,191 | -16.4% |
| Financial debts | 170/4 | €19,459 | €16,269 | -€3,191 | -16.4% |
| Amounts payable within one year | 42/48 | €79,285 | €39,121 | -€40,164 | -50.7% |
| Current portion of amounts payable after more than one year | 42 | €2,902 | €3,191 | +€289 | +10.0% |
| Financial debts | 43 | €22,000 | €2,000 | -€20,000 | -90.9% |
| Credit institutions | 430/8 | €22,000 | €2,000 | -€20,000 | -90.9% |
| Trade debts | 44 | €7,593 | €6,665 | -€927 | -12.2% |
| Suppliers | 440/4 | €7,593 | €6,665 | -€927 | -12.2% |
| Advances received on contracts in progress | 46 | €6,050 | €0 | -€6,050 | -100% |
| Taxes, remuneration and social security | 45 | €40,741 | €27,265 | -€13,475 | -33.1% |
| Taxes | 450/3 | €23,403 | €22,835 | -€567 | -2.4% |
| Remuneration and social security | 454/9 | €17,338 | €4,430 | -€12,908 | -74.4% |
| Non-recurring operating income | 76A | - | €248,730 | +€248,730 | |
| Remuneration, social security and pensions | 62 | €125,659 | €92,692 | -€32,967 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,075 | €0 | -€1,075 | -100% |
| Other operating charges | 640/8 | €56,793 | €46,345 | -€10,448 | -18.4% |
| Gross operating margin | 9900 | €281,644 | €431,298 | +€149,654 | +53.1% |
| Operating profit (loss) | 9901 | €98,116 | €292,261 | +€194,145 | +198% |
| Financial income | 75/76B | €81 | €67 | -€14 | -16.8% |
| Recurring financial income | 75 | €81 | €67 | -€14 | -16.8% |
| Financial charges | 65/66B | €4,849 | €4,434 | -€415 | -8.6% |
| Recurring financial charges | 65 | €4,849 | €4,434 | -€415 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €93,348 | €287,895 | +€194,547 | +208% |
| Income taxes | 67/77 | €31,163 | €92,854 | +€61,691 | +198% |
| Profit (loss) for the period | 9904 | €62,185 | €195,041 | +€132,856 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €62,185 | €195,041 | +€132,856 | +214% |
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 17 October 2026 via checked.be.