AVENUE 59: 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 59
Largest movements
- Cash -€3,367
down €3,367 (-79.3%), from €4,248 to €881
mainly Net result for the year (-€8,383) and Stocks and contracts (-€817)
- Tangible fixed assets -€950
down €950 (-57.1%), from €1,663 to €713
- Stocks and contracts +€817
up €817 (+18.5%), from €4,425 to €5,242
- Receivables within one year +€483
up €483 (+14.4%), from €3,365 to €3,848
of which Trade receivables: +€947
- Profit (loss) carried forward -€8,383
down €8,383 (-31.3%), from -€26,820 to -€35,203
- Trade debts +€3,206
up €3,206 (+55.8%), from €5,744 to €8,950
- Other debts +€2,161
up €2,161 (+13.1%), from €16,520 to €18,680
- Gross operating margin -€6,794
down €6,794 (-1,197%), from -€567 to -€7,362
- Depreciation -€355
down €355 (-27.2%), from €1,305 to €950
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 | €14,043 | €11,027 | -€3,016 | -21.5% |
| Fixed assets | 21/28 | €2,005 | €1,055 | -€950 | -47.4% |
| Tangible fixed assets | 22/27 | €1,663 | €713 | -€950 | -57.1% |
| Plant, machinery and equipment | 23 | €1,663 | €713 | -€950 | -57.1% |
| Financial fixed assets | 28 | €342 | €342 | = | 0.0% |
| Current assets | 29/58 | €12,039 | €9,972 | -€2,067 | -17.2% |
| Stocks and contracts in progress | 3 | €4,425 | €5,242 | +€817 | +18.5% |
| Stocks | 30/36 | €4,425 | €5,242 | +€817 | +18.5% |
| Amounts receivable within one year | 40/41 | €3,365 | €3,848 | +€483 | +14.4% |
| Trade receivables | 40 | €2,564 | €3,510 | +€947 | +36.9% |
| Other amounts receivable | 41 | €802 | €338 | -€463 | -57.8% |
| Cash at bank and in hand | 54/58 | €4,248 | €881 | -€3,367 | -79.3% |
| Total equity and liabilities | 10/49 | €14,043 | €11,027 | -€3,016 | -21.5% |
| Equity | 10/15 | -€8,220 | -€16,603 | -€8,383 | -102% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,820 | -€35,203 | -€8,383 | -31.3% |
| Amounts payable | 17/49 | €22,264 | €27,630 | +€5,366 | +24.1% |
| Amounts payable within one year | 42/48 | €22,264 | €27,630 | +€5,366 | +24.1% |
| Trade debts | 44 | €5,744 | €8,950 | +€3,206 | +55.8% |
| Suppliers | 440/4 | €5,744 | €8,950 | +€3,206 | +55.8% |
| Other amounts payable | 47/48 | €16,520 | €18,680 | +€2,161 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,305 | €950 | -€355 | -27.2% |
| Gross operating margin | 9900 | -€567 | -€7,362 | -€6,794 | -1,197% |
| Operating profit (loss) | 9901 | -€1,872 | -€8,311 | -€6,439 | -344% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €114 | €76 | -€38 | -33.1% |
| Recurring financial charges | 65 | €114 | €76 | -€38 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,986 | -€8,383 | -€6,396 | -322% |
| Profit (loss) for the period | 9904 | -€1,986 | -€8,383 | -€6,396 | -322% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,986 | -€8,383 | -€6,396 | -322% |
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.