Averdo: 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.
Averdo
Largest movements
- Receivables within one year +€24,218
up €24,218 (+17.3%), from €139,616 to €163,834
of which Other amounts receivable: +€25,816
- Cash +€9,193
up €9,193 (+234.4%), from €3,922 to €13,115
mainly Net result for the year (+€40,645) and Depreciation (+€2,313)
- Current investments +€5,656
up €5,656 (+6.9%), from €81,730 to €87,387
- Reserves +€40,000
up €40,000 (+25.0%), from €159,853 to €199,853
- Debts after one year -€3,148
down €3,148 (-56.1%), from €5,609 to €2,461
- Gross operating margin +€10,249
up €10,249 (+19.9%), from €51,395 to €61,643
- Taxes +€4,202
up €4,202 (+35.1%), from €11,965 to €16,167
- Financial charges -€2,714
down €2,714 (-51.1%), from €5,315 to €2,601
of which Non-recurring financial charges: -€2,617
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 | €234,106 | €272,946 | +€38,840 | +16.6% |
| Fixed assets | 21/28 | €5,949 | €6,938 | +€989 | +16.6% |
| Tangible fixed assets | 22/27 | €5,949 | €6,938 | +€989 | +16.6% |
| Furniture and vehicles | 24 | €5,949 | €6,938 | +€989 | +16.6% |
| Current assets | 29/58 | €228,157 | €266,007 | +€37,851 | +16.6% |
| Amounts receivable within one year | 40/41 | €139,616 | €163,834 | +€24,218 | +17.3% |
| Trade receivables | 40 | €17,398 | €15,800 | -€1,598 | -9.2% |
| Other amounts receivable | 41 | €122,218 | €148,034 | +€25,816 | +21.1% |
| Current investments | 50/53 | €81,730 | €87,387 | +€5,656 | +6.9% |
| Cash at bank and in hand | 54/58 | €3,922 | €13,115 | +€9,193 | +234.4% |
| Deferred charges and accrued income | 490/1 | €2,888 | €1,672 | -€1,217 | -42.1% |
| Total equity and liabilities | 10/49 | €234,106 | €272,946 | +€38,840 | +16.6% |
| Equity | 10/15 | €211,142 | €251,787 | +€40,645 | +19.2% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €159,853 | €199,853 | +€40,000 | +25.0% |
| Distributable reserves | 133 | €159,853 | €199,853 | +€40,000 | +25.0% |
| Profit (loss) carried forward | 14 | €41,089 | €41,734 | +€645 | +1.6% |
| Amounts payable | 17/49 | €22,964 | €21,159 | -€1,805 | -7.9% |
| Amounts payable after more than one year | 17 | €5,609 | €2,461 | -€3,148 | -56.1% |
| Financial debts | 170/4 | €5,609 | €2,461 | -€3,148 | -56.1% |
| Amounts payable within one year | 42/48 | €17,354 | €18,698 | +€1,343 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,072 | €10,200 | +€128 | +1.3% |
| Financial debts | 43 | €799 | €2,060 | +€1,261 | +157.9% |
| Credit institutions | 430/8 | €799 | €2,060 | +€1,261 | +157.9% |
| Trade debts | 44 | €1,948 | €1,047 | -€901 | -46.3% |
| Suppliers | 440/4 | €1,948 | €1,047 | -€901 | -46.3% |
| Taxes, remuneration and social security | 45 | €4,535 | €5,390 | +€855 | +18.8% |
| Taxes | 450/3 | €2,035 | €5,390 | +€3,355 | +164.8% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Non-recurring operating income | 76A | - | €19,995 | +€19,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,197 | €2,313 | +€116 | +5.3% |
| Other operating charges | 640/8 | €1,334 | €855 | -€479 | -35.9% |
| Gross operating margin | 9900 | €51,395 | €61,643 | +€10,249 | +19.9% |
| Operating profit (loss) | 9901 | €47,863 | €58,474 | +€10,611 | +22.2% |
| Financial income | 75/76B | €408 | €938 | +€530 | +129.9% |
| Recurring financial income | 75 | €408 | €938 | +€530 | +129.9% |
| Financial charges | 65/66B | €5,315 | €2,601 | -€2,714 | -51.1% |
| Recurring financial charges | 65 | €2,699 | €2,601 | -€98 | -3.6% |
| Non-recurring financial charges | 66B | €2,617 | - | -€2,617 | |
| Profit (loss) for the period before taxes | 9903 | €42,956 | €56,812 | +€13,856 | +32.3% |
| Income taxes | 67/77 | €11,965 | €16,167 | +€4,202 | +35.1% |
| Profit (loss) for the period | 9904 | €30,991 | €40,645 | +€9,654 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,991 | €40,645 | +€9,654 | +31.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.