AVEZA: 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.
AVEZA
Largest movements
- Cash -€16,165
down €16,165 (-6.7%), from €242,059 to €225,894
mainly Net result for the year (-€23,949) and Tax, wage and social debts (-€1,858)
- Tangible fixed assets -€8,056
down €8,056 (-3.2%), from €251,467 to €243,411
of which Land and buildings: -€4,369
- Reserves -€23,949
down €23,949 (-10.3%), from €232,559 to €208,610
of which Distributable reserves: -€23,949
- Write-downs +€30,229
up €30,229 (+95.6%), from -€31,636 to -€1,407
- Gross operating margin -€10,352
down €10,352 (-630.9%), from -€1,641 to -€11,992
- Taxes -€5,451
no longer reported in 2025 (was €5,451)
- Financial income -€1,225
down €1,225 (-99.8%), from €1,228 to €2
- Financial charges -€1,158
down €1,158 (-96.0%), from €1,207 to €49
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,501 | €469,571 | -€25,930 | -5.2% |
| Fixed assets | 21/28 | €251,467 | €243,411 | -€8,056 | -3.2% |
| Tangible fixed assets | 22/27 | €251,467 | €243,411 | -€8,056 | -3.2% |
| Land and buildings | 22 | €224,831 | €220,462 | -€4,369 | -1.9% |
| Plant, machinery and equipment | 23 | €25,906 | €22,545 | -€3,361 | -13.0% |
| Furniture and vehicles | 24 | €730 | €404 | -€326 | -44.7% |
| Current assets | 29/58 | €244,034 | €226,160 | -€17,873 | -7.3% |
| Amounts receivable within one year | 40/41 | €1,137 | €204 | -€933 | -82.1% |
| Trade receivables | 40 | €913 | - | -€913 | |
| Other amounts receivable | 41 | €224 | €204 | -€20 | -8.8% |
| Cash at bank and in hand | 54/58 | €242,059 | €225,894 | -€16,165 | -6.7% |
| Deferred charges and accrued income | 490/1 | €838 | €63 | -€775 | -92.5% |
| Total equity and liabilities | 10/49 | €495,501 | €469,571 | -€25,930 | -5.2% |
| Equity | 10/15 | €487,784 | €463,835 | -€23,949 | -4.9% |
| Contributions | 10/11 | €255,225 | €255,225 | = | 0.0% |
| Capital | 10 | €255,225 | €255,225 | = | 0.0% |
| Issued capital | 100 | €255,225 | €255,225 | = | 0.0% |
| Reserves | 13 | €232,559 | €208,610 | -€23,949 | -10.3% |
| Non-distributable reserves | 130/1 | €9,592 | €9,592 | = | 0.0% |
| Legal reserve | 130 | €9,487 | €9,487 | = | 0.0% |
| Reserves not available under the articles | 1311 | €104 | €104 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,562 | €23,562 | = | 0.0% |
| Distributable reserves | 133 | €199,406 | €175,456 | -€23,949 | -12.0% |
| Amounts payable | 17/49 | €7,716 | €5,736 | -€1,980 | -25.7% |
| Amounts payable within one year | 42/48 | €7,716 | €5,736 | -€1,980 | -25.7% |
| Trade debts | 44 | €332 | €210 | -€123 | -36.9% |
| Suppliers | 440/4 | €332 | €210 | -€123 | -36.9% |
| Taxes, remuneration and social security | 45 | €6,826 | €4,968 | -€1,858 | -27.2% |
| Taxes | 450/3 | €6,826 | €4,968 | -€1,858 | -27.2% |
| Other amounts payable | 47/48 | €558 | €558 | = | 0.0% |
| Non-recurring operating income | 76A | €3,864 | - | -€3,864 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,056 | €8,056 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,636 | -€1,407 | +€30,229 | +95.6% |
| Other operating charges | 640/8 | €5,626 | €5,261 | -€364 | -6.5% |
| Gross operating margin | 9900 | -€1,641 | -€11,992 | -€10,352 | -630.9% |
| Operating profit (loss) | 9901 | €16,313 | -€23,903 | -€40,216 | |
| Financial income | 75/76B | €1,228 | €2 | -€1,225 | -99.8% |
| Recurring financial income | 75 | €1,228 | €2 | -€1,225 | -99.8% |
| Financial charges | 65/66B | €1,207 | €49 | -€1,158 | -96.0% |
| Recurring financial charges | 65 | €1,207 | €49 | -€1,158 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €16,334 | -€23,949 | -€40,283 | |
| Income taxes | 67/77 | €5,451 | - | -€5,451 | |
| Profit (loss) for the period | 9904 | €10,883 | -€23,949 | -€34,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,883 | -€23,949 | -€34,833 |
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 2 October 2026 via checked.be.