AVERCO & CO: 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.
AVERCO & CO
Largest movements
- Tangible fixed assets -€14,290
down €14,290 (-39.7%), from €35,985 to €21,696
of which Furniture and vehicles: -€10,928
- Receivables within one year +€7,903
up €7,903 (+24.7%), from €32,026 to €39,929
of which Trade receivables: +€10,217
- Cash -€1,111
down €1,111 (-14.6%), from €7,638 to €6,526
mainly Trade debts (-€15,663) and Receivables within one year (-€7,903)
- Deferred charges and accrued income +€1,072
up €1,072 (+130%), from €822 to €1,893
- Trade debts -€15,663
down €15,663 (-46.2%), from €33,889 to €18,226
- Debts after one year +€6,840
up €6,840 (+59.7%), from €11,465 to €18,305
- Tax, wage and social debts -€4,625
down €4,625 (-97.5%), from €4,743 to €118
- Current portion of long-term debt +€3,964
up €3,964 (+68.4%), from €5,799 to €9,762
- Other debts +€2,403
up €2,403 (+153%), from €1,568 to €3,971
- Gross operating margin +€21,285
up €21,285 (+1,574%), from €1,353 to €22,638
- Other operating charges +€2,579
up €2,579 (+297%), from €869 to €3,448
- Financial charges +€1,395
up €1,395 (+115%), from €1,212 to €2,607
- Depreciation +€506
up €506 (+3.4%), from €14,775 to €15,280
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 | €88,457 | €82,262 | -€6,194 | -7.0% |
| Fixed assets | 21/28 | €39,072 | €24,446 | -€14,626 | -37.4% |
| Tangible fixed assets | 22/27 | €35,985 | €21,696 | -€14,290 | -39.7% |
| Plant, machinery and equipment | 23 | €2,255 | €1,433 | -€821 | -36.4% |
| Furniture and vehicles | 24 | €17,181 | €6,253 | -€10,928 | -63.6% |
| Other tangible fixed assets | 26 | €16,550 | €14,009 | -€2,540 | -15.3% |
| Financial fixed assets | 28 | €3,087 | €2,750 | -€337 | -10.9% |
| Current assets | 29/58 | €49,385 | €57,816 | +€8,432 | +17.1% |
| Stocks and contracts in progress | 3 | €8,899 | €9,468 | +€569 | +6.4% |
| Stocks | 30/36 | €8,899 | €9,468 | +€569 | +6.4% |
| Amounts receivable within one year | 40/41 | €32,026 | €39,929 | +€7,903 | +24.7% |
| Trade receivables | 40 | €26,011 | €36,228 | +€10,217 | +39.3% |
| Other amounts receivable | 41 | €6,016 | €3,701 | -€2,315 | -38.5% |
| Cash at bank and in hand | 54/58 | €7,638 | €6,526 | -€1,111 | -14.6% |
| Deferred charges and accrued income | 490/1 | €822 | €1,893 | +€1,072 | +130% |
| Total equity and liabilities | 10/49 | €88,457 | €82,262 | -€6,194 | -7.0% |
| Equity | 10/15 | €30,054 | €31,239 | +€1,185 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,454 | €12,639 | +€1,185 | +10.3% |
| 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 | €9,594 | €10,779 | +€1,185 | +12.3% |
| Amounts payable | 17/49 | €58,403 | €51,024 | -€7,379 | -12.6% |
| Amounts payable after more than one year | 17 | €11,465 | €18,305 | +€6,840 | +59.7% |
| Financial debts | 170/4 | €11,465 | €18,305 | +€6,840 | +59.7% |
| Amounts payable within one year | 42/48 | €46,424 | €32,078 | -€14,346 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €5,799 | €9,762 | +€3,964 | +68.4% |
| Financial debts | 43 | €426 | €0 | -€426 | -100% |
| Credit institutions | 430/8 | €426 | €0 | -€426 | -100% |
| Trade debts | 44 | €33,889 | €18,226 | -€15,663 | -46.2% |
| Suppliers | 440/4 | €33,889 | €18,226 | -€15,663 | -46.2% |
| Taxes, remuneration and social security | 45 | €4,743 | €118 | -€4,625 | -97.5% |
| Taxes | 450/3 | €4,743 | €118 | -€4,625 | -97.5% |
| Other amounts payable | 47/48 | €1,568 | €3,971 | +€2,403 | +153% |
| Accrued charges and deferred income | 492/3 | €513 | €640 | +€127 | +24.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,775 | €15,280 | +€506 | +3.4% |
| Other operating charges | 640/8 | €869 | €3,448 | +€2,579 | +297% |
| Gross operating margin | 9900 | €1,353 | €22,638 | +€21,285 | +1,574% |
| Operating profit (loss) | 9901 | -€14,291 | €3,910 | +€18,201 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +12.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +12.5% |
| Financial charges | 65/66B | €1,212 | €2,607 | +€1,395 | +115% |
| Recurring financial charges | 65 | €1,212 | €2,607 | +€1,395 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€15,503 | €1,303 | +€16,806 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €0 | €118 | +€118 | |
| Profit (loss) for the period | 9904 | -€15,503 | €1,185 | +€16,687 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,503 | €1,185 | +€16,687 |
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 20 October 2026 via checked.be.