Avera: 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.
Avera
Largest movements
- Receivables within one year -€19,990
down €19,990 (-52.1%), from €38,397 to €18,406
of which Trade receivables: -€17,594
- Tangible fixed assets +€10,767
up €10,767 (+4.8%), from €225,190 to €235,957
of which Land and buildings: +€8,749
- Debts after one year -€16,067
down €16,067 (-16.0%), from €100,634 to €84,567
- Other debts +€4,519
up €4,519 (+5.8%), from €77,791 to €82,310
- Tax, wage and social debts +€3,114
up €3,114, from €0 to €3,114
- Gross operating margin -€32,955
down €32,955 (-80.3%), from €41,044 to €8,090
- Financial charges -€18,002
down €18,002 (-93.8%), from €19,201 to €1,199
of which Non-recurring financial charges: -€15,300
- Depreciation -€2,152
down €2,152 (-26.6%), from €8,087 to €5,936
- Other operating charges -€744
down €744 (-37.2%), from €2,002 to €1,258
- Financial income -€498
down €498 (-100%), from €498 to €0
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 | €263,601 | €255,321 | -€8,279 | -3.1% |
| Fixed assets | 21/28 | €225,190 | €235,957 | +€10,767 | +4.8% |
| Tangible fixed assets | 22/27 | €225,190 | €235,957 | +€10,767 | +4.8% |
| Land and buildings | 22 | €222,878 | €231,627 | +€8,749 | +3.9% |
| Plant, machinery and equipment | 23 | - | €2,446 | +€2,446 | |
| Furniture and vehicles | 24 | €2,311 | €1,884 | -€427 | -18.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €38,411 | €19,364 | -€19,047 | -49.6% |
| Amounts receivable within one year | 40/41 | €38,397 | €18,406 | -€19,990 | -52.1% |
| Trade receivables | 40 | €36,000 | €18,406 | -€17,594 | -48.9% |
| Other amounts receivable | 41 | €2,397 | €0 | -€2,397 | -100% |
| Cash at bank and in hand | 54/58 | €14 | €139 | +€124 | +865% |
| Deferred charges and accrued income | 490/1 | €0 | €819 | +€819 | |
| Total equity and liabilities | 10/49 | €263,601 | €255,321 | -€8,279 | -3.1% |
| Equity | 10/15 | €68,205 | €67,901 | -€304 | -0.4% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €73,936 | €73,936 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,076 | €72,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,131 | -€21,435 | -€304 | -1.4% |
| Amounts payable | 17/49 | €195,396 | €187,420 | -€7,976 | -4.1% |
| Amounts payable after more than one year | 17 | €100,634 | €84,567 | -€16,067 | -16.0% |
| Financial debts | 170/4 | €100,634 | €84,567 | -€16,067 | -16.0% |
| Amounts payable within one year | 42/48 | €94,762 | €102,854 | +€8,092 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €16,863 | €16,067 | -€795 | -4.7% |
| Trade debts | 44 | €108 | €1,363 | +€1,254 | +1,156% |
| Suppliers | 440/4 | €108 | €1,363 | +€1,254 | +1,156% |
| Taxes, remuneration and social security | 45 | €0 | €3,114 | +€3,114 | |
| Taxes | 450/3 | €0 | €3,114 | +€3,114 | |
| Other amounts payable | 47/48 | €77,791 | €82,310 | +€4,519 | +5.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €33,494 | €0 | -€33,494 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,087 | €5,936 | -€2,152 | -26.6% |
| Other operating charges | 640/8 | €2,002 | €1,258 | -€744 | -37.2% |
| Non-recurring operating charges | 66A | €16,434 | €0 | -€16,434 | -100% |
| Gross operating margin | 9900 | €41,044 | €8,090 | -€32,955 | -80.3% |
| Operating profit (loss) | 9901 | €14,521 | €896 | -€13,625 | -93.8% |
| Financial income | 75/76B | €498 | €0 | -€498 | -100% |
| Recurring financial income | 75 | €498 | €0 | -€498 | -100% |
| Financial charges | 65/66B | €19,201 | €1,199 | -€18,002 | -93.8% |
| Recurring financial charges | 65 | €3,901 | €1,199 | -€2,702 | -69.3% |
| Non-recurring financial charges | 66B | €15,300 | €0 | -€15,300 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€4,182 | -€304 | +€3,878 | +92.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,182 | -€304 | +€3,878 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,182 | -€304 | +€3,878 | +92.7% |
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 22 October 2026 via checked.be.