AVERMAETE: 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.
What changed
AVERMAETE
NACE 73.110, Advertising agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,238
2024 · €34,137-€40,375
Equity
€24,439
2024 · €30,677-€6,238
Cash
€466
2024 · €1,245-€779
Balance sheet total
€294,208
2024 · €304,940-€10,732
Largest movements
Assets
- Tangible fixed assets -€11,773
down €11,773 (-21.3%), from €55,368 to €43,596
of which Furniture and vehicles: -€8,678
Equity and liabilities
- Trade debts +€11,449
up €11,449 (+13.2%), from €86,907 to €98,356
- Tax, wage and social debts -€8,362
down €8,362 (-14.8%), from €56,374 to €48,012
of which Taxes: -€9,100
- Short-term financial debts -€7,446
down €7,446 (-15.8%), from €47,153 to €39,707
- Profit (loss) carried forward -€6,238
down €6,238 (-40.1%), from -€15,561 to -€21,799
- Debts after one year -€3,970
down €3,970 (-7.2%), from €54,986 to €51,015
Income statement
- Gross operating margin -€41,946
down €41,946 (-20.4%), from €205,463 to €163,517
- Taxes -€6,722
down €6,722 (-83.3%), from €8,070 to €1,348
- Depreciation +€4,952
up €4,952 (+43.2%), from €11,451 to €16,402
- Financial charges +€3,500
up €3,500 (+29.4%), from €11,907 to €15,407
- Financial income +€3,048
up €3,048 (+156%), from €1,957 to €5,005
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
€34,137
Gross operating margin
-€41,946
Staff costs
-€1,737
Depreciation
-€4,952
Write-downs
-€634
Other operating charges
+€2,372
Other operating items
+€250
Financial income
+€3,048
Financial charges
-€3,500
Taxes
+€6,722
Result 2025
-€6,238
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€14,443
Investment
-€4,629
Financing
-€10,592
Cash 2024
€1,245
From operations (derived)
+€14,443
Net result for the year
-€6,238
Depreciation
+€16,402
Receivables within one year
-€579
Deferred charges and accrued income
-€1,240
Trade debts
+€11,449
Tax, wage and social debts
-€8,362
Advances received
+€2,783
Other debts
-€2,021
Accrued charges and deferred income
+€2,250
Investment (derived)
-€4,629
Investment in fixed assets (net)
-€4,629
Financing
-€10,592
Debts after one year
-€3,970
Current portion of long-term debt
+€824
Short-term financial debts
-€7,446
Cash 2025
€466
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €304,940 | €294,208 | -€10,732 | -3.5% |
| Fixed assets | 21/28 | €55,368 | €43,596 | -€11,773 | -21.3% |
| Tangible fixed assets | 22/27 | €55,368 | €43,596 | -€11,773 | -21.3% |
| Plant, machinery and equipment | 23 | €7,175 | €6,204 | -€971 | -13.5% |
| Furniture and vehicles | 24 | €29,264 | €20,585 | -€8,678 | -29.7% |
| Other tangible fixed assets | 26 | €18,929 | €16,806 | -€2,123 | -11.2% |
| Current assets | 29/58 | €249,572 | €250,613 | +€1,041 | +0.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €176,330 | €176,909 | +€579 | +0.3% |
| Trade receivables | 40 | €175,888 | €158,801 | -€17,087 | -9.7% |
| Other amounts receivable | 41 | €442 | €18,108 | +€17,666 | +4,000% |
| Cash at bank and in hand | 54/58 | €1,245 | €466 | -€779 | -62.6% |
| Deferred charges and accrued income | 490/1 | €11,998 | €13,238 | +€1,240 | +10.3% |
| Total equity and liabilities | 10/49 | €304,940 | €294,208 | -€10,732 | -3.5% |
| Equity | 10/15 | €30,677 | €24,439 | -€6,238 | -20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,638 | €27,638 | = | 0.0% |
| 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 | €25,778 | €25,778 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,561 | -€21,799 | -€6,238 | -40.1% |
| Amounts payable | 17/49 | €274,263 | €269,770 | -€4,494 | -1.6% |
| Amounts payable after more than one year | 17 | €54,986 | €51,015 | -€3,970 | -7.2% |
| Financial debts | 170/4 | €54,986 | €51,015 | -€3,970 | -7.2% |
| Amounts payable within one year | 42/48 | €219,278 | €216,504 | -€2,773 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €26,822 | €27,647 | +€824 | +3.1% |
| Financial debts | 43 | €47,153 | €39,707 | -€7,446 | -15.8% |
| Credit institutions | 430/8 | €47,153 | €39,707 | -€7,446 | -15.8% |
| Trade debts | 44 | €86,907 | €98,356 | +€11,449 | +13.2% |
| Suppliers | 440/4 | €86,907 | €98,356 | +€11,449 | +13.2% |
| Advances received on contracts in progress | 46 | - | €2,783 | +€2,783 | |
| Taxes, remuneration and social security | 45 | €56,374 | €48,012 | -€8,362 | -14.8% |
| Taxes | 450/3 | €35,689 | €26,589 | -€9,100 | -25.5% |
| Remuneration and social security | 454/9 | €20,685 | €21,423 | +€738 | +3.6% |
| Other amounts payable | 47/48 | €2,021 | - | -€2,021 | |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Non-recurring operating income | 76A | €6,626 | - | -€6,626 | |
| Remuneration, social security and pensions | 62 | €136,775 | €138,511 | +€1,737 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,451 | €16,402 | +€4,952 | +43.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €634 | +€634 | |
| Other operating charges | 640/8 | €4,831 | €2,458 | -€2,372 | -49.1% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €205,463 | €163,517 | -€41,946 | -20.4% |
| Operating profit (loss) | 9901 | €52,157 | €5,511 | -€46,646 | -89.4% |
| Financial income | 75/76B | €1,957 | €5,005 | +€3,048 | +156% |
| Recurring financial income | 75 | €1,957 | €5,005 | +€3,048 | +156% |
| Financial charges | 65/66B | €11,907 | €15,407 | +€3,500 | +29.4% |
| Recurring financial charges | 65 | €11,907 | €15,407 | +€3,500 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €42,207 | -€4,890 | -€47,097 | |
| Income taxes | 67/77 | €8,070 | €1,348 | -€6,722 | -83.3% |
| Profit (loss) for the period | 9904 | €34,137 | -€6,238 | -€40,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,137 | -€6,238 | -€40,375 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.