Averechts: 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.
Averechts
Largest movements
- Receivables within one year -€3,592
down €3,592 (-50.4%), from €7,124 to €3,532
- Stocks and contracts +€2,555
up €2,555 (+30.8%), from €8,288 to €10,843
- Cash -€1,920
down €1,920 (-21.7%), from €8,857 to €6,938
mainly Tax, wage and social debts (-€2,638) and Stocks and contracts (-€2,555)
- Tangible fixed assets -€707
down €707 (-50.8%), from €1,391 to €684
of which Plant, machinery and equipment: -€707
- Tax, wage and social debts -€2,638
down €2,638 (-46.2%), from €5,715 to €3,076
- Other debts -€1,005
down €1,005 (-78.7%), from €1,277 to €272
- Other operating charges -€5,343
down €5,343 (-93.6%), from €5,708 to €365
- Gross operating margin -€1,907
down €1,907 (-37.0%), from €5,154 to €3,246
- Financial charges -€780
down €780 (-27.1%), from €2,880 to €2,100
- Depreciation +€149
up €149 (+26.6%), from €558 to €707
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 | €25,660 | €21,996 | -€3,664 | -14.3% |
| Fixed assets | 21/28 | €1,391 | €684 | -€707 | -50.8% |
| Tangible fixed assets | 22/27 | €1,391 | €684 | -€707 | -50.8% |
| Plant, machinery and equipment | 23 | €1,391 | €684 | -€707 | -50.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €24,269 | €21,312 | -€2,957 | -12.2% |
| Stocks and contracts in progress | 3 | €8,288 | €10,843 | +€2,555 | +30.8% |
| Stocks | 30/36 | €8,288 | €10,843 | +€2,555 | +30.8% |
| Amounts receivable within one year | 40/41 | €7,124 | €3,532 | -€3,592 | -50.4% |
| Trade receivables | 40 | €7,124 | €3,532 | -€3,592 | -50.4% |
| Cash at bank and in hand | 54/58 | €8,857 | €6,938 | -€1,920 | -21.7% |
| Total equity and liabilities | 10/49 | €25,660 | €21,996 | -€3,664 | -14.3% |
| Equity | 10/15 | €3,360 | €3,233 | -€127 | -3.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €52 | €52 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,191 | -€4,319 | -€127 | -3.0% |
| Amounts payable | 17/49 | €22,300 | €18,763 | -€3,537 | -15.9% |
| Amounts payable after more than one year | 17 | €13,000 | €13,000 | = | 0.0% |
| Financial debts | 170/4 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,300 | €5,763 | -€3,537 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,308 | €2,415 | +€107 | +4.6% |
| Suppliers | 440/4 | €2,308 | €2,415 | +€107 | +4.6% |
| Taxes, remuneration and social security | 45 | €5,715 | €3,076 | -€2,638 | -46.2% |
| Taxes | 450/3 | €5,715 | €3,076 | -€2,638 | -46.2% |
| Other amounts payable | 47/48 | €1,277 | €272 | -€1,005 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €707 | +€149 | +26.6% |
| Other operating charges | 640/8 | €5,708 | €365 | -€5,343 | -93.6% |
| Gross operating margin | 9900 | €5,154 | €3,246 | -€1,907 | -37.0% |
| Operating profit (loss) | 9901 | -€1,112 | €2,174 | +€3,286 | |
| Financial charges | 65/66B | €2,880 | €2,100 | -€780 | -27.1% |
| Recurring financial charges | 65 | €2,880 | €2,100 | -€780 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,992 | €74 | +€4,066 | |
| Income taxes | 67/77 | €199 | €202 | +€3 | +1.4% |
| Profit (loss) for the period | 9904 | -€4,191 | -€127 | +€4,064 | +97.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,191 | -€127 | +€4,064 | +97.0% |
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.