Avercon: 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.
What changed
Avercon
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €4.2m+€319,294
Equity
€19.8m
2024 · €15.3m+€4.5m
Cash
€312,213
2024 · €8.5m-€8.2m
Balance sheet total
€29.2m
2024 · €30.1m-€875,420
Largest movements
Assets
- Current investments +€10.6m
up €10.6m (+177.4%), from €6.0m to €16.6m
- Cash -€8.2m
down €8.2m (-96.3%), from €8.5m to €312,213
mainly Current investments (-€10.6m) and Advances received (-€5.0m)
- Receivables within one year -€3.5m
down €3.5m (-50.2%), from €7.0m to €3.5m
of which Other amounts receivable: -€2.0m
Equity and liabilities
- Advances received -€5.0m
down €5.0m (-38.6%), from €12.9m to €7.9m
- Reserves +€4.5m
up €4.5m (+29.6%), from €15.2m to €19.7m
of which Distributable reserves: +€3.5m
- Trade debts -€518,465
down €518,465 (-39.0%), from €1.3m to €812,502
Income statement
- Turnover -€8.0m
down €8.0m (-33.6%), from €23.9m to €15.9m
- Goods and materials -€5.6m
down €5.6m (-50.6%), from €11.1m to €5.5m
- Write-downs +€616,192
up €616,192, from -€348,621 to €267,571
- Staff costs -€575,317
down €575,317 (-15.4%), from €3.7m to €3.2m
- Other operating income -€409,211
down €409,211 (-63.1%), from €648,555 to €239,344
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.
Result 2024
€4.2m
Turnover
-€8.0m
Other operating income
-€409,211
Goods and materials
+€5.6m
Services and other goods
+€347,423
Staff costs
+€575,317
Depreciation
-€11,056
Write-downs
-€616,192
Provisions
-€119,612
Other operating charges
-€18,866
Other operating items
+€3.2m
Financial income
+€25,280
Financial charges
+€1,305
Taxes
-€195,894
Deferred taxes and other
+€3,074
Result 2025
€4.5m
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.
From operations
+€2.7m
Investment
-€10.9m
Financing
€0
Cash 2024
€8.5m
From operations (derived)
+€2.7m
Net result for the year
+€4.5m
Depreciation
+€141,849
Smaller working-capital items
+€14,867
Receivables within one year
+€3.5m
Deferred charges and accrued income
-€137,214
Trade debts
-€518,465
Tax, wage and social debts
+€116,379
Advances received
-€5.0m
Investment (derived)
-€10.9m
Investment in fixed assets (net)
-€229,766
Current investments
-€10.6m
Cash 2025
€312,213
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,071,625 | €29,196,205 | -€875,420 | -2.9% |
| Fixed assets | 21/28 | €2,094,456 | €2,182,373 | +€87,917 | +4.2% |
| Tangible fixed assets | 22/27 | €569,406 | €657,323 | +€87,917 | +15.4% |
| Land and buildings | 22 | €248,988 | €387,578 | +€138,589 | +55.7% |
| Plant, machinery and equipment | 23 | €25,911 | €20,729 | -€5,182 | -20.0% |
| Furniture and vehicles | 24 | €294,506 | €249,017 | -€45,490 | -15.4% |
| Financial fixed assets | 28 | €1,525,050 | €1,525,050 | = | 0.0% |
| Affiliated companies | 280/1 | €1,525,050 | €1,525,050 | = | 0.0% |
| Participating interests | 280 | €1,175,050 | €1,175,050 | = | 0.0% |
| Amounts receivable | 281 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €27,977,169 | €27,013,832 | -€963,337 | -3.4% |
| Stocks and contracts in progress | 3 | €6,319,004 | €6,308,878 | -€10,126 | -0.2% |
| Stocks | 30/36 | €21,850 | €21,850 | = | 0.0% |
| Goods purchased for resale | 34 | €21,850 | €21,850 | = | 0.0% |
| Contracts in progress | 37 | €6,297,154 | €6,287,028 | -€10,126 | -0.2% |
| Amounts receivable within one year | 40/41 | €7,029,279 | €3,502,939 | -€3.5m | -50.2% |
| Trade receivables | 40 | €4,850,205 | €3,298,412 | -€1.6m | -32.0% |
| Other amounts receivable | 41 | €2,179,073 | €204,528 | -€2.0m | -90.6% |
| Current investments | 50/53 | €6,000,000 | €16,641,000 | +€10.6m | +177.4% |
| Other investments | 51/53 | €6,000,000 | €16,641,000 | +€10.6m | +177.4% |
| Cash at bank and in hand | 54/58 | €8,517,298 | €312,213 | -€8.2m | -96.3% |
| Deferred charges and accrued income | 490/1 | €111,588 | €248,802 | +€137,214 | +123.0% |
| Total equity and liabilities | 10/49 | €30,071,625 | €29,196,205 | -€875,420 | -2.9% |
| Equity | 10/15 | €15,298,934 | €19,793,675 | +€4.5m | +29.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €15,200,203 | €19,694,540 | +€4.5m | +29.6% |
| Tax-exempt reserves | 132 | €1,013,955 | €2,008,292 | +€994,337 | +98.1% |
| Distributable reserves | 133 | €14,186,248 | €17,686,248 | +€3.5m | +24.7% |
| Profit (loss) carried forward | 14 | €48,731 | €49,135 | +€404 | +0.8% |
| Provisions and deferred taxes | 16 | €6,344 | €4,251 | -€2,093 | -33.0% |
| Deferred taxes | 168 | €6,344 | €4,251 | -€2,093 | -33.0% |
| Amounts payable | 17/49 | €14,766,346 | €9,398,280 | -€5.4m | -36.4% |
| Amounts payable within one year | 42/48 | €14,734,409 | €9,359,323 | -€5.4m | -36.5% |
| Trade debts | 44 | €1,330,967 | €812,502 | -€518,465 | -39.0% |
| Suppliers | 440/4 | €1,330,967 | €812,502 | -€518,465 | -39.0% |
| Advances received on contracts in progress | 46 | €12,893,614 | €7,920,798 | -€5.0m | -38.6% |
| Taxes, remuneration and social security | 45 | €503,898 | €620,277 | +€116,379 | +23.1% |
| Taxes | 450/3 | €55,111 | €262,170 | +€207,059 | +375.7% |
| Remuneration and social security | 454/9 | €448,787 | €358,108 | -€90,679 | -20.2% |
| Other amounts payable | 47/48 | €5,930 | €5,745 | -€185 | -3.1% |
| Accrued charges and deferred income | 492/3 | €31,937 | €38,957 | +€7,020 | +22.0% |
| Operating income | 70/76A | €21,682,133 | €16,390,282 | -€5.3m | -24.4% |
| Turnover | 70 | €23,937,439 | €15,891,493 | -€8.0m | -33.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,919,112 | €257,445 | +€3.2m | |
| Other operating income | 74 | €648,555 | €239,344 | -€409,211 | -63.1% |
| Non-recurring operating income | 76A | €15,250 | €2,000 | -€13,250 | -86.9% |
| Operating charges | 60/66A | €16,434,078 | €10,656,698 | -€5.8m | -35.2% |
| Goods for resale, raw materials and consumables | 60 | €11,101,878 | €5,481,512 | -€5.6m | -50.6% |
| Purchases | 600/8 | €11,101,878 | €5,481,512 | -€5.6m | -50.6% |
| Services and other goods | 61 | €1,891,417 | €1,543,994 | -€347,423 | -18.4% |
| Remuneration, social security and pensions | 62 | €3,744,361 | €3,169,045 | -€575,317 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,792 | €141,849 | +€11,056 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€348,621 | €267,571 | +€616,192 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€119,612 | - | +€119,612 | |
| Other operating charges | 640/8 | €33,862 | €52,729 | +€18,866 | +55.7% |
| Operating profit (loss) | 9901 | €5,248,055 | €5,733,583 | +€485,528 | +9.3% |
| Financial income | 75/76B | €302,592 | €327,872 | +€25,280 | +8.4% |
| Recurring financial income | 75 | €302,592 | €327,872 | +€25,280 | +8.4% |
| Other financial income | 752/9 | €302,592 | €327,872 | +€25,280 | +8.4% |
| Financial charges | 65/66B | €10,679 | €9,374 | -€1,305 | -12.2% |
| Recurring financial charges | 65 | €10,679 | €9,374 | -€1,305 | -12.2% |
| Other financial charges | 652/9 | €10,679 | €9,374 | -€1,305 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €5,539,968 | €6,052,081 | +€512,113 | +9.2% |
| Transfer from deferred taxes | 780 | €1,887 | €2,093 | +€206 | +10.9% |
| Transfer to deferred taxes | 680 | €2,868 | - | -€2,868 | |
| Income taxes | 67/77 | €1,363,540 | €1,559,434 | +€195,894 | +14.4% |
| Taxes | 670/3 | €1,363,540 | €1,559,434 | +€195,894 | +14.4% |
| Profit (loss) for the period | 9904 | €4,175,447 | €4,494,741 | +€319,294 | +7.6% |
| Transfer from tax-exempt reserves | 789 | €421,687 | €3,433 | -€418,254 | -99.2% |
| Transfer to tax-exempt reserves | 689 | €1,006,374 | €997,770 | -€8,604 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,590,760 | €3,500,404 | -€90,356 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.