Avenue22: 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.
Avenue22
Largest movements
- Cash -€23,074
down €23,074 (-23.8%), from €96,926 to €73,852
mainly Stocks and contracts (-€21,933) and Debts after one year (-€17,282)
- Stocks and contracts +€21,933
up €21,933 (+61.5%), from €35,637 to €57,570
- Tangible fixed assets +€8,618
up €8,618 (+519.2%), from €1,660 to €10,278
of which Other tangible fixed assets: +€8,193
- Intangible fixed assets -€8,000
down €8,000 (-11.7%), from €68,587 to €60,587
- Reserves +€17,389
up €17,389 (+173.9%), from €10,000 to €27,389
- Debts after one year -€17,282
down €17,282 (-36.3%), from €47,653 to €30,371
- Current portion of long-term debt -€4,466
down €4,466 (-20.5%), from €21,748 to €17,282
- Other debts +€3,056
up €3,056 (+82.4%), from €3,708 to €6,765
- Gross operating margin -€14,236
down €14,236 (-10.3%), from €138,305 to €124,069
- Write-downs +€14,000
no longer reported in 2025 (was -€14,000)
- Taxes -€5,256
down €5,256 (-40.2%), from €13,087 to €7,831
- Depreciation +€1,385
up €1,385 (+16.6%), from €8,342 to €9,727
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 | €207,905 | €208,425 | +€519 | +0.2% |
| Fixed assets | 21/28 | €70,641 | €71,259 | +€618 | +0.9% |
| Intangible fixed assets | 21 | €68,587 | €60,587 | -€8,000 | -11.7% |
| Tangible fixed assets | 22/27 | €1,660 | €10,278 | +€8,618 | +519.2% |
| Furniture and vehicles | 24 | €525 | €950 | +€425 | +80.9% |
| Other tangible fixed assets | 26 | €1,135 | €9,328 | +€8,193 | +722.1% |
| Financial fixed assets | 28 | €394 | €394 | = | 0.0% |
| Current assets | 29/58 | €137,264 | €137,165 | -€98 | -0.1% |
| Stocks and contracts in progress | 3 | €35,637 | €57,570 | +€21,933 | +61.5% |
| Stocks | 30/36 | €35,637 | €57,570 | +€21,933 | +61.5% |
| Amounts receivable within one year | 40/41 | €3,270 | €4,642 | +€1,373 | +42.0% |
| Trade receivables | 40 | €3,267 | €664 | -€2,603 | -79.7% |
| Other amounts receivable | 41 | €2 | €3,978 | +€3,976 | +182376.1% |
| Cash at bank and in hand | 54/58 | €96,926 | €73,852 | -€23,074 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,101 | -€330 | -23.1% |
| Total equity and liabilities | 10/49 | €207,905 | €208,425 | +€519 | +0.2% |
| Equity | 10/15 | €86,464 | €103,853 | +€17,389 | +20.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €27,389 | +€17,389 | +173.9% |
| Distributable reserves | 133 | €10,000 | €27,389 | +€17,389 | +173.9% |
| Profit (loss) carried forward | 14 | €56,464 | €56,464 | = | 0.0% |
| Amounts payable | 17/49 | €121,442 | €104,572 | -€16,869 | -13.9% |
| Amounts payable after more than one year | 17 | €47,653 | €30,371 | -€17,282 | -36.3% |
| Financial debts | 170/4 | €47,653 | €30,371 | -€17,282 | -36.3% |
| Amounts payable within one year | 42/48 | €73,615 | €73,747 | +€132 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €21,748 | €17,282 | -€4,466 | -20.5% |
| Trade debts | 44 | €7,346 | €8,877 | +€1,531 | +20.8% |
| Suppliers | 440/4 | €7,346 | €8,877 | +€1,531 | +20.8% |
| Taxes, remuneration and social security | 45 | €40,812 | €40,823 | +€11 | 0.0% |
| Taxes | 450/3 | €28,978 | €23,536 | -€5,442 | -18.8% |
| Remuneration and social security | 454/9 | €11,834 | €17,286 | +€5,452 | +46.1% |
| Other amounts payable | 47/48 | €3,708 | €6,765 | +€3,056 | +82.4% |
| Accrued charges and deferred income | 492/3 | €173 | €454 | +€281 | +161.9% |
| Remuneration, social security and pensions | 62 | €85,833 | €85,044 | -€789 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,342 | €9,727 | +€1,385 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,000 | - | +€14,000 | |
| Other operating charges | 640/8 | €1,126 | €582 | -€544 | -48.3% |
| Gross operating margin | 9900 | €138,305 | €124,069 | -€14,236 | -10.3% |
| Operating profit (loss) | 9901 | €57,003 | €28,715 | -€28,288 | -49.6% |
| Financial income | 75/76B | €3,604 | €3,893 | +€289 | +8.0% |
| Recurring financial income | 75 | €3,604 | €3,893 | +€289 | +8.0% |
| Financial charges | 65/66B | €5,765 | €6,556 | +€791 | +13.7% |
| Recurring financial charges | 65 | €5,765 | €6,556 | +€791 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €54,842 | €26,053 | -€28,789 | -52.5% |
| Income taxes | 67/77 | €13,087 | €7,831 | -€5,256 | -40.2% |
| Profit (loss) for the period | 9904 | €41,755 | €18,222 | -€23,533 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,755 | €18,222 | -€23,533 | -56.4% |
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 11 October 2026 via checked.be.