Avenue Building: 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.
Avenue Building
Largest movements
- Receivables within one year +€1.8m
new in 2025: €1.8m
- Financial fixed assets -€1.5m
no longer reported in 2025 (was €1.5m)
- Stocks and contracts +€1.4m
new in 2025: €1.4m
- Cash -€169,299
down €169,299 (-72.7%), from €232,941 to €63,643
mainly Receivables within one year (-€1.8m) and Stocks and contracts (-€1.4m)
- Trade debts +€1.4m
up €1.4m (+65698.4%), from €2,200 to €1.4m
- Profit (loss) carried forward +€751,967
up €751,967 (+78.8%), from -€954,855 to -€202,887
- Debts after one year -€700,000
no longer reported in 2025 (was €700,000)
- Financial income -€877,265
no longer reported in 2025 (was €877,265)
- Gross operating margin +€736,010
up €736,010 (+467.8%), from €157,342 to €893,352
- Taxes -€101,916
down €101,916 (-77.4%), from €131,590 to €29,674
- Financial charges +€71,977
up €71,977 (+186.5%), from €38,591 to €110,568
of which Non-recurring financial charges: +€86,869
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 | €1,781,230 | €3,294,350 | +€1.5m | +84.9% |
| Fixed assets | 21/28 | €1,548,289 | - | -€1.5m | |
| Financial fixed assets | 28 | €1,548,289 | - | -€1.5m | |
| Current assets | 29/58 | €232,941 | €3,294,350 | +€3.1m | +1314.2% |
| Stocks and contracts in progress | 3 | - | €1,445,264 | +€1.4m | |
| Stocks | 30/36 | - | €1,445,264 | +€1.4m | |
| Amounts receivable within one year | 40/41 | - | €1,785,444 | +€1.8m | |
| Other amounts receivable | 41 | - | €1,785,444 | +€1.8m | |
| Cash at bank and in hand | 54/58 | €232,941 | €63,643 | -€169,299 | -72.7% |
| Total equity and liabilities | 10/49 | €1,781,230 | €3,294,350 | +€1.5m | +84.9% |
| Equity | 10/15 | €1,065,145 | €1,817,113 | +€751,967 | +70.6% |
| Contributions | 10/11 | €2,020,000 | €2,020,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€954,855 | -€202,887 | +€751,967 | +78.8% |
| Amounts payable | 17/49 | €716,085 | €1,477,238 | +€761,153 | +106.3% |
| Amounts payable after more than one year | 17 | €700,000 | - | -€700,000 | |
| Financial debts | 170/4 | €700,000 | - | -€700,000 | |
| Amounts payable within one year | 42/48 | €2,200 | €1,477,238 | +€1.5m | +67047.2% |
| Trade debts | 44 | €2,200 | €1,447,564 | +€1.4m | +65698.4% |
| Suppliers | 440/4 | €2,200 | €1,447,564 | +€1.4m | +65698.4% |
| Taxes, remuneration and social security | 45 | - | €29,674 | +€29,674 | |
| Taxes | 450/3 | - | €29,674 | +€29,674 | |
| Accrued charges and deferred income | 492/3 | €13,885 | - | -€13,885 | |
| Non-recurring operating income | 76A | €161,150 | €897,513 | +€736,363 | +456.9% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €157,342 | €893,352 | +€736,010 | +467.8% |
| Operating profit (loss) | 9901 | €156,234 | €892,209 | +€735,975 | +471.1% |
| Financial income | 75/76B | €877,265 | - | -€877,265 | |
| Recurring financial income | 75 | €877,265 | - | -€877,265 | |
| Financial charges | 65/66B | €38,591 | €110,568 | +€71,977 | +186.5% |
| Recurring financial charges | 65 | €38,591 | €23,699 | -€14,892 | -38.6% |
| Non-recurring financial charges | 66B | - | €86,869 | +€86,869 | |
| Profit (loss) for the period before taxes | 9903 | €994,908 | €781,641 | -€213,267 | -21.4% |
| Income taxes | 67/77 | €131,590 | €29,674 | -€101,916 | -77.4% |
| Profit (loss) for the period | 9904 | €863,318 | €751,967 | -€111,351 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €863,318 | €751,967 | -€111,351 | -12.9% |
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 4 October 2026 via checked.be.