AVGA: 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.
AVGA
Largest movements
- Cash -€23,403
down €23,403 (-42.7%), from €54,831 to €31,428
mainly Receivables within one year (-€20,869) and Investment in fixed assets (net) (-€3,584)
- Receivables within one year +€20,869
up €20,869 (+51.0%), from €40,922 to €61,791
- Tangible fixed assets +€2,076
up €2,076 (+75.1%), from €2,764 to €4,841
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€65,244
down €65,244 (-94.5%), from €69,044 to €3,800
- Taxes -€14,574
down €14,574 (-96.8%), from €15,062 to €488
- Depreciation +€1,097
up €1,097 (+267.0%), from €411 to €1,507
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 | €98,685 | €98,220 | -€465 | -0.5% |
| Fixed assets | 21/28 | €2,764 | €4,841 | +€2,076 | +75.1% |
| Tangible fixed assets | 22/27 | €2,764 | €4,841 | +€2,076 | +75.1% |
| Furniture and vehicles | 24 | €2,764 | €4,841 | +€2,076 | +75.1% |
| Current assets | 29/58 | €95,921 | €93,380 | -€2,541 | -2.6% |
| Amounts receivable within one year | 40/41 | €40,922 | €61,791 | +€20,869 | +51.0% |
| Trade receivables | 40 | €40,922 | €61,791 | +€20,869 | +51.0% |
| Cash at bank and in hand | 54/58 | €54,831 | €31,428 | -€23,403 | -42.7% |
| Deferred charges and accrued income | 490/1 | €168 | €161 | -€7 | -4.4% |
| Total equity and liabilities | 10/49 | €98,685 | €98,220 | -€465 | -0.5% |
| Equity | 10/15 | €55,680 | €56,664 | +€984 | +1.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,680 | €53,664 | +€984 | +1.9% |
| Distributable reserves | 133 | €52,680 | €53,664 | +€984 | +1.9% |
| Amounts payable | 17/49 | €43,005 | €41,556 | -€1,449 | -3.4% |
| Amounts payable within one year | 42/48 | €43,005 | €41,556 | -€1,449 | -3.4% |
| Financial debts | 43 | €0 | €12 | +€12 | +7993.3% |
| Credit institutions | 430/8 | €0 | €12 | +€12 | +7993.3% |
| Trade debts | 44 | €1,902 | €1,349 | -€552 | -29.1% |
| Suppliers | 440/4 | €1,902 | €1,349 | -€552 | -29.1% |
| Taxes, remuneration and social security | 45 | €35,518 | €34,882 | -€635 | -1.8% |
| Taxes | 450/3 | €35,518 | €27,382 | -€8,135 | -22.9% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | €5,586 | €5,313 | -€273 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €1,507 | +€1,097 | +267.0% |
| Other operating charges | 640/8 | €833 | €467 | -€366 | -44.0% |
| Gross operating margin | 9900 | €69,044 | €3,800 | -€65,244 | -94.5% |
| Operating profit (loss) | 9901 | €67,800 | €1,826 | -€65,974 | -97.3% |
| Financial charges | 65/66B | €58 | €354 | +€296 | +514.1% |
| Recurring financial charges | 65 | €58 | €354 | +€296 | +514.1% |
| Profit (loss) for the period before taxes | 9903 | €67,742 | €1,472 | -€66,270 | -97.8% |
| Income taxes | 67/77 | €15,062 | €488 | -€14,574 | -96.8% |
| Profit (loss) for the period | 9904 | €52,680 | €984 | -€51,696 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,680 | €984 | -€51,696 | -98.1% |
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 8 October 2026 via checked.be.