AVÉNUANCE: 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.
AVÉNUANCE
Largest movements
- Receivables within one year -€10,692
down €10,692 (-29.3%), from €36,545 to €25,853
of which Trade receivables: -€6,380
- Cash -€5,198
down €5,198 (-31.7%), from €16,380 to €11,182
mainly Contributions, distributions and other (-€13,232) and Other debts (-€8,928)
- Deferred charges and accrued income +€4,750
up €4,750 (+3958.3%), from €120 to €4,870
- Tangible fixed assets -€2,186
down €2,186 (-55.5%), from €3,937 to €1,751
- Other debts -€8,928
down €8,928 (-26.7%), from €33,379 to €24,450
- Tax, wage and social debts -€5,629
down €5,629 (-40.9%), from €13,780 to €8,151
- Short-term financial debts +€2,263
new in 2025: €2,263
- Trade debts -€749
down €749 (-16.5%), from €4,542 to €3,792
- Gross operating margin -€22,606
down €22,606 (-50.7%), from €44,550 to €21,944
- Taxes -€3,746
down €3,746 (-43.7%), from €8,563 to €4,817
- Financial charges +€1,107
up €1,107 (+1432.7%), from €77 to €1,184
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 | €56,982 | €43,656 | -€13,327 | -23.4% |
| Fixed assets | 21/28 | €3,937 | €1,751 | -€2,186 | -55.5% |
| Tangible fixed assets | 22/27 | €3,937 | €1,751 | -€2,186 | -55.5% |
| Plant, machinery and equipment | 23 | €3,937 | €1,751 | -€2,186 | -55.5% |
| Current assets | 29/58 | €53,045 | €41,905 | -€11,141 | -21.0% |
| Amounts receivable within one year | 40/41 | €36,545 | €25,853 | -€10,692 | -29.3% |
| Trade receivables | 40 | €31,025 | €24,645 | -€6,380 | -20.6% |
| Other amounts receivable | 41 | €5,520 | €1,208 | -€4,312 | -78.1% |
| Cash at bank and in hand | 54/58 | €16,380 | €11,182 | -€5,198 | -31.7% |
| Deferred charges and accrued income | 490/1 | €120 | €4,870 | +€4,750 | +3958.3% |
| Total equity and liabilities | 10/49 | €56,982 | €43,656 | -€13,327 | -23.4% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €51,982 | €38,656 | -€13,327 | -25.6% |
| Amounts payable within one year | 42/48 | €51,700 | €38,656 | -€13,045 | -25.2% |
| Financial debts | 43 | - | €2,263 | +€2,263 | |
| Credit institutions | 430/8 | - | €2,263 | +€2,263 | |
| Trade debts | 44 | €4,542 | €3,792 | -€749 | -16.5% |
| Suppliers | 440/4 | €4,542 | €3,792 | -€749 | -16.5% |
| Taxes, remuneration and social security | 45 | €13,780 | €8,151 | -€5,629 | -40.9% |
| Taxes | 450/3 | €13,780 | €8,151 | -€5,629 | -40.9% |
| Other amounts payable | 47/48 | €33,379 | €24,450 | -€8,928 | -26.7% |
| Accrued charges and deferred income | 492/3 | €282 | - | -€282 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,289 | €2,186 | -€103 | -4.5% |
| Other operating charges | 640/8 | €515 | €525 | +€10 | +2.0% |
| Gross operating margin | 9900 | €44,550 | €21,944 | -€22,606 | -50.7% |
| Operating profit (loss) | 9901 | €41,746 | €19,232 | -€22,513 | -53.9% |
| Financial income | 75/76B | €274 | €1 | -€273 | -99.6% |
| Recurring financial income | 75 | €274 | €1 | -€273 | -99.6% |
| Financial charges | 65/66B | €77 | €1,184 | +€1,107 | +1432.7% |
| Recurring financial charges | 65 | €77 | €1,184 | +€1,107 | +1432.7% |
| Profit (loss) for the period before taxes | 9903 | €41,942 | €18,049 | -€23,893 | -57.0% |
| Income taxes | 67/77 | €8,563 | €4,817 | -€3,746 | -43.7% |
| Profit (loss) for the period | 9904 | €33,379 | €13,232 | -€20,147 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,379 | €13,232 | -€20,147 | -60.4% |
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 6 October 2026 via checked.be.