AVERNUS: 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.
AVERNUS
Largest movements
- Receivables within one year -€766,528
down €766,528 (-58.4%), from €1.3m to €545,916
of which Other amounts receivable: -€764,713
- Cash +€122,854
up €122,854 (+327%), from €37,558 to €160,411
mainly Receivables within one year (+€766,528) and Net result for the year (+€74,006)
- Deferred charges and accrued income +€37,009
up €37,009 (+174%), from €21,256 to €58,265
- Current investments +€32,224
up €32,224 (+11.7%), from €276,432 to €308,656
- Tangible fixed assets -€19,879
down €19,879 (-6.2%), from €321,638 to €301,759
of which Land and buildings: -€11,624
- Reserves -€621,610
down €621,610 (-34.1%), from €1.8m to €1.2m
- Other debts +€66,972
up €66,972 (+4,020%), from €1,666 to €68,638
- Trade debts -€20,326
down €20,326 (-72.4%), from €28,067 to €7,740
- Financial income -€732,787
down €732,787 (-90.6%), from €808,767 to €75,980
of which Non-recurring financial income: -€780,305
- Taxes -€58,107
down €58,107 (-68.6%), from €84,671 to €26,564
- Gross operating margin +€2,836
up €2,836 (+4.7%), from €60,652 to €63,488
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 | €1,969,326 | €1,375,006 | -€594,320 | -30.2% |
| Fixed assets | 21/28 | €321,638 | €301,759 | -€19,879 | -6.2% |
| Tangible fixed assets | 22/27 | €321,638 | €301,759 | -€19,879 | -6.2% |
| Land and buildings | 22 | €303,071 | €291,447 | -€11,624 | -3.8% |
| Furniture and vehicles | 24 | €2,624 | €4,847 | +€2,223 | +84.7% |
| Leasing and similar rights | 25 | €10,478 | - | -€10,478 | |
| Other tangible fixed assets | 26 | €5,465 | €5,465 | = | 0.0% |
| Current assets | 29/58 | €1,647,688 | €1,073,247 | -€574,441 | -34.9% |
| Amounts receivable within one year | 40/41 | €1,312,443 | €545,916 | -€766,528 | -58.4% |
| Trade receivables | 40 | €27,528 | €25,713 | -€1,815 | -6.6% |
| Other amounts receivable | 41 | €1,284,916 | €520,203 | -€764,713 | -59.5% |
| Current investments | 50/53 | €276,432 | €308,656 | +€32,224 | +11.7% |
| Cash at bank and in hand | 54/58 | €37,558 | €160,411 | +€122,854 | +327% |
| Deferred charges and accrued income | 490/1 | €21,256 | €58,265 | +€37,009 | +174% |
| Total equity and liabilities | 10/49 | €1,969,326 | €1,375,006 | -€594,320 | -30.2% |
| Equity | 10/15 | €1,841,718 | €1,220,108 | -€621,610 | -33.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,823,168 | €1,201,558 | -€621,610 | -34.1% |
| Distributable reserves | 133 | €1,823,168 | €1,201,558 | -€621,610 | -34.1% |
| Amounts payable | 17/49 | €127,607 | €154,898 | +€27,290 | +21.4% |
| Amounts payable after more than one year | 17 | €558 | - | -€558 | |
| Financial debts | 170/4 | €558 | - | -€558 | |
| Amounts payable within one year | 42/48 | €124,236 | €152,013 | +€27,777 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €10,414 | - | -€10,414 | |
| Financial debts | 43 | €3,828 | €3,860 | +€32 | +0.8% |
| Credit institutions | 430/8 | €3,828 | €3,860 | +€32 | +0.8% |
| Trade debts | 44 | €28,067 | €7,740 | -€20,326 | -72.4% |
| Suppliers | 440/4 | €28,067 | €7,740 | -€20,326 | -72.4% |
| Taxes, remuneration and social security | 45 | €80,262 | €71,775 | -€8,487 | -10.6% |
| Taxes | 450/3 | €76,562 | €71,775 | -€4,787 | -6.3% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €1,666 | €68,638 | +€66,972 | +4,020% |
| Accrued charges and deferred income | 492/3 | €2,814 | €2,884 | +€70 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,083 | €34,518 | -€565 | -1.6% |
| Other operating charges | 640/8 | €3,613 | €3,750 | +€136 | +3.8% |
| Gross operating margin | 9900 | €60,652 | €63,488 | +€2,836 | +4.7% |
| Operating profit (loss) | 9901 | €21,956 | €25,220 | +€3,265 | +14.9% |
| Financial income | 75/76B | €808,767 | €75,980 | -€732,787 | -90.6% |
| Recurring financial income | 75 | €28,463 | €75,980 | +€47,518 | +167% |
| Non-recurring financial income | 76B | €780,305 | - | -€780,305 | |
| Financial charges | 65/66B | €720 | €631 | -€90 | -12.5% |
| Recurring financial charges | 65 | €720 | €631 | -€90 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €830,002 | €100,570 | -€729,432 | -87.9% |
| Income taxes | 67/77 | €84,671 | €26,564 | -€58,107 | -68.6% |
| Profit (loss) for the period | 9904 | €745,331 | €74,006 | -€671,325 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €745,331 | €74,006 | -€671,325 | -90.1% |
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 26 October 2026 via checked.be.