AVERTIM: 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
AVERTIM
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.2m+€25,061
Equity
€12.3m
2024 · €11.9m+€432,333
Cash
€4.4m
2024 · €2.4m+€2.1m
Balance sheet total
€19.2m
2024 · €19.2m+€31,221
Largest movements
Assets
- Cash +€2.1m
up €2.1m (+86.8%), from €2.4m to €4.4m
mainly Investment in fixed assets (net) (+€1.3m) and Net result for the year (+€1.2m)
- Financial fixed assets -€1.3m
down €1.3m (-52.3%), from €2.6m to €1.2m
of which Affiliated companies: -€1.3m
- Receivables within one year -€574,420
down €574,420 (-6.6%), from €8.7m to €8.2m
of which Trade receivables: -€423,686
Equity and liabilities
- Profit (loss) carried forward +€432,333
up €432,333 (+6.1%), from €7.1m to €7.6m
- Tax, wage and social debts -€374,344
down €374,344 (-10.7%), from €3.5m to €3.1m
of which Remuneration and social security: -€252,656
- Accrued charges and deferred income -€314,081
down €314,081 (-56.8%), from €553,168 to €239,087
- Trade debts +€236,916
up €236,916 (+9.7%), from €2.4m to €2.7m
- Other debts +€201,130
up €201,130 (+32.4%), from €620,899 to €822,029
Income statement
- Staff costs -€1.0m
down €1.0m (-5.4%), from €18.5m to €17.5m
- Financial charges +€787,256
up €787,256 (+87.7%), from €897,473 to €1.7m
of which Non-recurring financial charges: +€840,748
- Services and other goods +€479,770
up €479,770 (+9.2%), from €5.2m to €5.7m
- Turnover -€375,323
down €375,323 (-1.1%), from €33.9m to €33.6m
- Goods and materials -€371,428
down €371,428 (-4.4%), from €8.4m to €8.0m
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
€1.2m
Turnover
-€375,323
Other operating income
-€47,519
Goods and materials
+€371,428
Services and other goods
-€479,770
Staff costs
+€1.0m
Depreciation
+€26,770
Provisions
+€185,733
Other operating charges
+€1,674
Other operating items
-€6,234
Financial income
+€72,216
Financial charges
-€787,256
Taxes
+€56,160
Result 2025
€1.2m
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
+€1.6m
Investment
+€1.3m
Financing
-€800,000
Cash 2024
€2.4m
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€90,215
Receivables within one year
+€574,420
Deferred charges and accrued income
+€78,510
Provisions
-€150,733
Trade debts
+€236,916
Tax, wage and social debts
-€374,344
Other debts
+€201,130
Accrued charges and deferred income
-€314,081
Investment (derived)
+€1.3m
Investment in fixed assets (net)
+€1.3m
Financing
-€800,000
Contributions, distributions and other
-€800,000
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,179,968 | €19,211,189 | +€31,221 | +0.2% |
| Fixed assets | 21/28 | €2,786,949 | €1,416,334 | -€1.4m | -49.2% |
| Intangible fixed assets | 21 | €1,790 | €6,143 | +€4,354 | +243.3% |
| Tangible fixed assets | 22/27 | €208,682 | €182,438 | -€26,243 | -12.6% |
| Plant, machinery and equipment | 23 | €769 | €626 | -€143 | -18.6% |
| Furniture and vehicles | 24 | €189,465 | €176,233 | -€13,232 | -7.0% |
| Other tangible fixed assets | 26 | €18,447 | €5,579 | -€12,869 | -69.8% |
| Financial fixed assets | 28 | €2,576,478 | €1,227,753 | -€1.3m | -52.3% |
| Affiliated companies | 280/1 | €2,560,596 | €1,211,871 | -€1.3m | -52.7% |
| Participating interests | 280 | €825,980 | €825,980 | = | 0.0% |
| Amounts receivable | 281 | €1,734,616 | €385,891 | -€1.3m | -77.8% |
| Other financial fixed assets | 284/8 | €15,882 | €15,882 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,882 | €15,882 | = | 0.0% |
| Current assets | 29/58 | €16,393,019 | €17,794,855 | +€1.4m | +8.6% |
| Amounts receivable after more than one year | 29 | €4,550,000 | €4,550,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,550,000 | €4,550,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,743,374 | €8,168,954 | -€574,420 | -6.6% |
| Trade receivables | 40 | €8,592,641 | €8,168,954 | -€423,686 | -4.9% |
| Other amounts receivable | 41 | €150,733 | €0 | -€150,733 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,368,229 | €4,422,994 | +€2.1m | +86.8% |
| Deferred charges and accrued income | 490/1 | €731,416 | €652,906 | -€78,510 | -10.7% |
| Total equity and liabilities | 10/49 | €19,179,968 | €19,211,189 | +€31,221 | +0.2% |
| Equity | 10/15 | €11,889,118 | €12,321,450 | +€432,333 | +3.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €4,637,000 | €4,637,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,562,000 | €4,562,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,562,000 | €4,562,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,132,118 | €7,564,450 | +€432,333 | +6.1% |
| Provisions and deferred taxes | 16 | €185,733 | €35,000 | -€150,733 | -81.2% |
| Provisions for liabilities and charges | 160/5 | €185,733 | €35,000 | -€150,733 | -81.2% |
| Other liabilities and charges | 164/5 | €185,733 | €35,000 | -€150,733 | -81.2% |
| Amounts payable | 17/49 | €7,105,117 | €6,854,738 | -€250,379 | -3.5% |
| Amounts payable within one year | 42/48 | €6,551,950 | €6,615,652 | +€63,702 | +1.0% |
| Trade debts | 44 | €2,432,975 | €2,669,892 | +€236,916 | +9.7% |
| Suppliers | 440/4 | €2,432,975 | €2,669,892 | +€236,916 | +9.7% |
| Taxes, remuneration and social security | 45 | €3,498,076 | €3,123,731 | -€374,344 | -10.7% |
| Taxes | 450/3 | €905,748 | €784,059 | -€121,688 | -13.4% |
| Remuneration and social security | 454/9 | €2,592,328 | €2,339,672 | -€252,656 | -9.7% |
| Other amounts payable | 47/48 | €620,899 | €822,029 | +€201,130 | +32.4% |
| Accrued charges and deferred income | 492/3 | €553,168 | €239,087 | -€314,081 | -56.8% |
| Operating income | 70/76A | €35,059,138 | €34,636,296 | -€422,842 | -1.2% |
| Turnover | 70 | €33,926,546 | €33,551,223 | -€375,323 | -1.1% |
| Other operating income | 74 | €1,132,591 | €1,085,072 | -€47,519 | -4.2% |
| Operating charges | 60/66A | €32,274,249 | €31,167,466 | -€1.1m | -3.4% |
| Goods for resale, raw materials and consumables | 60 | €8,356,216 | €7,984,788 | -€371,428 | -4.4% |
| Purchases | 600/8 | €8,356,216 | €7,984,788 | -€371,428 | -4.4% |
| Services and other goods | 61 | €5,220,285 | €5,700,055 | +€479,770 | +9.2% |
| Remuneration, social security and pensions | 62 | €18,499,300 | €17,492,120 | -€1.0m | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,985 | €90,215 | -€26,770 | -22.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,000 | -€150,733 | -€185,733 | |
| Other operating charges | 640/8 | €45,102 | €43,427 | -€1,674 | -3.7% |
| Non-recurring operating charges | 66A | €1,360 | €7,594 | +€6,234 | +458.2% |
| Operating profit (loss) | 9901 | €2,784,889 | €3,468,830 | +€683,941 | +24.6% |
| Financial income | 75/76B | €180,809 | €253,025 | +€72,216 | +39.9% |
| Recurring financial income | 75 | €180,809 | €253,025 | +€72,216 | +39.9% |
| Income from financial fixed assets | 750 | €69,183 | €74,750 | +€5,567 | +8.0% |
| Income from current assets | 751 | €111,627 | €178,275 | +€66,649 | +59.7% |
| Financial charges | 65/66B | €897,473 | €1,684,728 | +€787,256 | +87.7% |
| Recurring financial charges | 65 | €97,473 | €43,980 | -€53,493 | -54.9% |
| Debt charges | 650 | €19,183 | €0 | -€19,183 | -100.0% |
| Other financial charges | 652/9 | €78,290 | €43,980 | -€34,310 | -43.8% |
| Non-recurring financial charges | 66B | €800,000 | €1,640,748 | +€840,748 | +105.1% |
| Profit (loss) for the period before taxes | 9903 | €2,068,226 | €2,037,127 | -€31,099 | -1.5% |
| Income taxes | 67/77 | €860,954 | €804,794 | -€56,160 | -6.5% |
| Taxes | 670/3 | €862,273 | €806,353 | -€55,920 | -6.5% |
| Tax adjustments and reversals of tax provisions | 77 | €1,319 | €1,559 | +€240 | +18.2% |
| Profit (loss) for the period | 9904 | €1,207,271 | €1,232,333 | +€25,061 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,207,271 | €1,232,333 | +€25,061 | +2.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.