AVESTA 1: 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.
AVESTA 1
Largest movements
- Tangible fixed assets +€19,045
up €19,045 (+274%), from €6,959 to €26,004
of which Furniture and vehicles: +€17,434
- Receivables within one year +€14,095
up €14,095 (+89.3%), from €15,786 to €29,881
of which Other amounts receivable: +€18,949
- Cash +€1,314
up €1,314 (+4.4%), from €29,866 to €31,180
mainly Net result for the year (+€15,758) and Debts after one year (+€12,015)
- Debts after one year +€12,015
new in 2025: €12,015
- Trade debts +€9,869
up €9,869 (+44.4%), from €22,235 to €32,103
- Reserves +€9,000
new in 2025: €9,000
- Accrued charges and deferred income -€7,096
down €7,096 (-47.2%), from €15,045 to €7,949
- Profit (loss) carried forward +€6,759
no longer reported in 2025 (was -€6,759)
- Gross operating margin +€14,112
up €14,112 (+31.1%), from €45,426 to €59,538
- Other operating charges -€4,792
down €4,792 (-26.3%), from €18,238 to €13,446
- Depreciation +€3,097
up €3,097 (+361%), from €858 to €3,955
- Financial charges +€2,617
up €2,617 (+288%), from €908 to €3,525
- Staff costs -€1,632
down €1,632 (-6.6%), from €24,766 to €23,134
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 | €57,513 | €92,498 | +€34,986 | +60.8% |
| Fixed assets | 21/28 | €9,902 | €29,604 | +€19,702 | +199% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €6,959 | €26,004 | +€19,045 | +274% |
| Plant, machinery and equipment | 23 | €2,987 | €4,625 | +€1,638 | +54.8% |
| Furniture and vehicles | 24 | €0 | €17,434 | +€17,434 | |
| Other tangible fixed assets | 26 | €3,972 | €3,944 | -€27 | -0.7% |
| Financial fixed assets | 28 | €2,943 | €3,600 | +€657 | +22.3% |
| Current assets | 29/58 | €47,610 | €62,894 | +€15,284 | +32.1% |
| Stocks and contracts in progress | 3 | €1,559 | €1,057 | -€502 | -32.2% |
| Stocks | 30/36 | €1,559 | €1,057 | -€502 | -32.2% |
| Amounts receivable within one year | 40/41 | €15,786 | €29,881 | +€14,095 | +89.3% |
| Trade receivables | 40 | €9,412 | €4,557 | -€4,854 | -51.6% |
| Other amounts receivable | 41 | €6,375 | €25,324 | +€18,949 | +297% |
| Cash at bank and in hand | 54/58 | €29,866 | €31,180 | +€1,314 | +4.4% |
| Deferred charges and accrued income | 490/1 | €399 | €776 | +€377 | +94.5% |
| Total equity and liabilities | 10/49 | €57,513 | €92,498 | +€34,986 | +60.8% |
| Equity | 10/15 | €11,841 | €27,600 | +€15,758 | +133% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €9,000 | +€9,000 | |
| Distributable reserves | 133 | - | €9,000 | +€9,000 | |
| Profit (loss) carried forward | 14 | -€6,759 | - | +€6,759 | |
| Amounts payable | 17/49 | €45,672 | €64,899 | +€19,227 | +42.1% |
| Amounts payable after more than one year | 17 | - | €12,015 | +€12,015 | |
| Financial debts | 170/4 | - | €12,015 | +€12,015 | |
| Amounts payable within one year | 42/48 | €30,626 | €44,934 | +€14,308 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,187 | +€4,187 | |
| Trade debts | 44 | €22,235 | €32,103 | +€9,869 | +44.4% |
| Suppliers | 440/4 | €22,235 | €32,103 | +€9,869 | +44.4% |
| Taxes, remuneration and social security | 45 | €8,392 | €8,644 | +€252 | +3.0% |
| Taxes | 450/3 | €2,755 | €3,238 | +€483 | +17.5% |
| Remuneration and social security | 454/9 | €5,637 | €5,406 | -€231 | -4.1% |
| Accrued charges and deferred income | 492/3 | €15,045 | €7,949 | -€7,096 | -47.2% |
| Remuneration, social security and pensions | 62 | €24,766 | €23,134 | -€1,632 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €3,955 | +€3,097 | +361% |
| Other operating charges | 640/8 | €18,238 | €13,446 | -€4,792 | -26.3% |
| Gross operating margin | 9900 | €45,426 | €59,538 | +€14,112 | +31.1% |
| Operating profit (loss) | 9901 | €1,564 | €19,004 | +€17,439 | +1,115% |
| Financial income | 75/76B | €0 | €437 | +€437 | +1,457,567% |
| Recurring financial income | 75 | €0 | €437 | +€437 | +1,457,567% |
| Financial charges | 65/66B | €908 | €3,525 | +€2,617 | +288% |
| Recurring financial charges | 65 | €908 | €3,525 | +€2,617 | +288% |
| Profit (loss) for the period before taxes | 9903 | €656 | €15,916 | +€15,259 | +2,325% |
| Income taxes | 67/77 | €140 | €157 | +€18 | +12.7% |
| Profit (loss) for the period | 9904 | €517 | €15,758 | +€15,242 | +2,950% |
| Profit (loss) for the period to be appropriated | 9905 | €517 | €15,758 | +€15,242 | +2,950% |
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.