AVERAGEO: 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.
AVERAGEO
Largest movements
- Stocks and contracts -€63,847
down €63,847 (-100.0%), from €63,847 to €0
of which Contracts in progress: -€63,847
- Tangible fixed assets -€25,296
down €25,296 (-38.3%), from €66,087 to €40,791
of which Furniture and vehicles: -€25,374
- Receivables within one year -€4,106
down €4,106 (-39.9%), from €10,295 to €6,189
of which Trade receivables: -€4,014
- Cash -€3,663
down €3,663 (-12.2%), from €29,992 to €26,329
mainly Net result for the year (-€67,708) and Debts after one year (-€17,941)
- Deferred charges and accrued income -€3,200
down €3,200 (-71.9%), from €4,451 to €1,251
- Profit (loss) carried forward -€67,708
down €67,708 (-441.2%), from -€15,347 to -€83,055
- Debts after one year -€17,941
down €17,941 (-39.1%), from €45,927 to €27,987
- Tax, wage and social debts -€4,920
down €4,920 (-46.1%), from €10,664 to €5,744
- Current portion of long-term debt -€3,601
down €3,601 (-16.7%), from €21,542 to €17,941
- Trade debts -€3,478
down €3,478 (-59.0%), from €5,892 to €2,414
- Gross operating margin -€46,117
down €46,117, from €9,322 to -€36,795
- Depreciation +€9,413
up €9,413 (+53.8%), from €17,508 to €26,920
- Other operating charges -€1,694
down €1,694 (-77.2%), from €2,193 to €499
- Financial charges -€370
down €370 (-10.4%), from €3,552 to €3,182
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 | €175,106 | €74,996 | -€100,111 | -57.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €66,522 | €41,226 | -€25,296 | -38.0% |
| Tangible fixed assets | 22/27 | €66,087 | €40,791 | -€25,296 | -38.3% |
| Plant, machinery and equipment | 23 | €3,228 | €3,306 | +€78 | +2.4% |
| Furniture and vehicles | 24 | €62,859 | €37,485 | -€25,374 | -40.4% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €108,584 | €33,769 | -€74,815 | -68.9% |
| Stocks and contracts in progress | 3 | €63,847 | €0 | -€63,847 | -100.0% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €63,847 | €0 | -€63,847 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,295 | €6,189 | -€4,106 | -39.9% |
| Trade receivables | 40 | €4,014 | €0 | -€4,014 | -100.0% |
| Other amounts receivable | 41 | €6,280 | €6,189 | -€91 | -1.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,992 | €26,329 | -€3,663 | -12.2% |
| Deferred charges and accrued income | 490/1 | €4,451 | €1,251 | -€3,200 | -71.9% |
| Total equity and liabilities | 10/49 | €175,106 | €74,996 | -€100,111 | -57.2% |
| Equity | 10/15 | €84,619 | €16,911 | -€67,708 | -80.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €96,966 | €96,966 | = | 0.0% |
| Distributable reserves | 133 | €96,966 | €96,966 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,347 | -€83,055 | -€67,708 | -441.2% |
| Amounts payable | 17/49 | €90,488 | €58,085 | -€32,403 | -35.8% |
| Amounts payable after more than one year | 17 | €45,927 | €27,987 | -€17,941 | -39.1% |
| Financial debts | 170/4 | €45,927 | €27,987 | -€17,941 | -39.1% |
| Amounts payable within one year | 42/48 | €44,549 | €30,086 | -€14,462 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €21,542 | €17,941 | -€3,601 | -16.7% |
| Trade debts | 44 | €5,892 | €2,414 | -€3,478 | -59.0% |
| Suppliers | 440/4 | €5,892 | €2,414 | -€3,478 | -59.0% |
| Taxes, remuneration and social security | 45 | €10,664 | €5,744 | -€4,920 | -46.1% |
| Taxes | 450/3 | €10,664 | €5,744 | -€4,920 | -46.1% |
| Other amounts payable | 47/48 | €6,451 | €3,988 | -€2,463 | -38.2% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | +€0 | +1.7% |
| Non-recurring operating income | 76A | €9,769 | €0 | -€9,769 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,508 | €26,920 | +€9,413 | +53.8% |
| Other operating charges | 640/8 | €2,193 | €499 | -€1,694 | -77.2% |
| Non-recurring operating charges | 66A | €1,197 | €0 | -€1,197 | -100.0% |
| Gross operating margin | 9900 | €9,322 | -€36,795 | -€46,117 | |
| Operating profit (loss) | 9901 | -€11,576 | -€64,215 | -€52,639 | -454.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,552 | €3,182 | -€370 | -10.4% |
| Recurring financial charges | 65 | €3,552 | €3,182 | -€370 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,127 | -€67,397 | -€52,269 | -345.5% |
| Income taxes | 67/77 | €220 | €311 | +€91 | +41.5% |
| Profit (loss) for the period | 9904 | -€15,347 | -€67,708 | -€52,361 | -341.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,347 | -€67,708 | -€52,361 | -341.2% |
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.