AVENUE: 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.
AVENUE
Largest movements
- Tangible fixed assets -€142,314
down €142,314 (-4.0%), from €3.5m to €3.4m
of which Land and buildings: -€140,041
- Debts after one year -€77,902
down €77,902 (-8.8%), from €888,462 to €810,560
- Trade debts -€72,917
down €72,917 (-82.2%), from €88,744 to €15,827
- Revaluation surpluses -€66,667
down €66,667 (-4.3%), from €1.5m to €1.5m
- Reserves +€66,667
up €66,667 (+14.3%), from €466,667 to €533,333
- Gross operating margin +€48,436
up €48,436 (+32.8%), from €147,476 to €195,912
- Write-downs -€45,000
down €45,000 (-100%), from €45,000 to €0
- Financial charges -€19,565
down €19,565 (-21.5%), from €90,977 to €71,412
- Financial income +€7,259
up €7,259 (+40.9%), from €17,769 to €25,028
of which Financial income: +€7,259
- Depreciation -€6,799
down €6,799 (-4.3%), from €157,402 to €150,603
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 | €3,665,676 | €3,523,795 | -€141,881 | -3.9% |
| Fixed assets | 21/28 | €3,538,785 | €3,396,470 | -€142,314 | -4.0% |
| Tangible fixed assets | 22/27 | €3,538,785 | €3,396,470 | -€142,314 | -4.0% |
| Land and buildings | 22 | €3,534,724 | €3,394,683 | -€140,041 | -4.0% |
| Plant, machinery and equipment | 23 | €633 | €0 | -€633 | -100% |
| Furniture and vehicles | 24 | €3,427 | €1,788 | -€1,640 | -47.8% |
| Current assets | 29/58 | €126,891 | €127,325 | +€434 | +0.3% |
| Amounts receivable within one year | 40/41 | €119,970 | €119,636 | -€334 | -0.3% |
| Trade receivables | 40 | €74,933 | €74,933 | = | 0.0% |
| Other amounts receivable | 41 | €45,037 | €44,703 | -€334 | -0.7% |
| Cash at bank and in hand | 54/58 | €2,850 | €3,754 | +€904 | +31.7% |
| Deferred charges and accrued income | 490/1 | €4,071 | €3,935 | -€136 | -3.3% |
| Total equity and liabilities | 10/49 | €3,665,676 | €3,523,795 | -€141,881 | -3.9% |
| Equity | 10/15 | €362,958 | €328,792 | -€34,166 | -9.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,533,333 | €1,466,667 | -€66,667 | -4.3% |
| Reserves | 13 | €466,667 | €533,333 | +€66,667 | +14.3% |
| Distributable reserves | 133 | €466,667 | €533,333 | +€66,667 | +14.3% |
| Profit (loss) carried forward | 14 | -€1,699,015 | -€1,733,181 | -€34,166 | -2.0% |
| Amounts payable | 17/49 | €3,302,717 | €3,195,003 | -€107,714 | -3.3% |
| Amounts payable after more than one year | 17 | €888,462 | €810,560 | -€77,902 | -8.8% |
| Financial debts | 170/4 | €888,462 | €810,560 | -€77,902 | -8.8% |
| Amounts payable within one year | 42/48 | €2,401,935 | €2,364,583 | -€37,351 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €75,867 | €86,614 | +€10,747 | +14.2% |
| Trade debts | 44 | €88,744 | €15,827 | -€72,917 | -82.2% |
| Suppliers | 440/4 | €88,744 | €15,827 | -€72,917 | -82.2% |
| Taxes, remuneration and social security | 45 | €3,497 | €0 | -€3,497 | -100% |
| Taxes | 450/3 | €3,497 | €0 | -€3,497 | -100% |
| Other amounts payable | 47/48 | €2,233,827 | €2,262,142 | +€28,315 | +1.3% |
| Accrued charges and deferred income | 492/3 | €12,320 | €19,860 | +€7,539 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,402 | €150,603 | -€6,799 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,000 | €0 | -€45,000 | -100% |
| Other operating charges | 640/8 | €30,429 | €33,092 | +€2,663 | +8.8% |
| Gross operating margin | 9900 | €147,476 | €195,912 | +€48,436 | +32.8% |
| Operating profit (loss) | 9901 | -€85,355 | €12,217 | +€97,572 | |
| Financial income | 75/76B | €17,769 | €25,028 | +€7,259 | +40.9% |
| Recurring financial income | 75 | €17,769 | €25,028 | +€7,259 | +40.9% |
| Non-recurring financial income | 76B | €17,769 | €25,028 | +€7,259 | +40.9% |
| Financial charges | 65/66B | €90,977 | €71,412 | -€19,565 | -21.5% |
| Recurring financial charges | 65 | €90,977 | €71,412 | -€19,565 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€158,562 | -€34,166 | +€124,396 | +78.5% |
| Income taxes | 67/77 | €3,509 | €0 | -€3,509 | -100% |
| Profit (loss) for the period | 9904 | -€162,071 | -€34,166 | +€127,905 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€162,071 | -€34,166 | +€127,905 | +78.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.