AVISAT: 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.
AVISAT
Largest movements
- Receivables within one year -€6,766
down €6,766 (-57.3%), from €11,810 to €5,044
of which Trade receivables: -€7,066
- Tangible fixed assets -€1,645
down €1,645 (-35.1%), from €4,692 to €3,047
of which Other tangible fixed assets: -€1,645
- Cash -€982
down €982 (-32.6%), from €3,016 to €2,034
mainly Trade debts (-€18,504) and Tax, wage and social debts (-€870)
- Deferred charges and accrued income +€297
up €297 (+107.9%), from €275 to €572
- Trade debts -€18,504
down €18,504 (-74.6%), from €24,789 to €6,286
- Other debts +€8,857
up €8,857 (+7.7%), from €114,770 to €123,627
- Profit (loss) carried forward +€1,397
up €1,397 (+1.0%), from -€134,311 to -€132,914
- Tax, wage and social debts -€870
down €870 (-86.1%), from €1,011 to €141
- Staff costs -€12,487
no longer reported in 2025 (was €12,487)
- Gross operating margin -€11,032
down €11,032 (-68.0%), from €16,234 to €5,202
- Other operating charges -€956
down €956 (-43.1%), from €2,220 to €1,264
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 | €24,860 | €15,739 | -€9,121 | -36.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Tangible fixed assets | 22/27 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Current assets | 29/58 | €20,168 | €12,692 | -€7,475 | -37.1% |
| Stocks and contracts in progress | 3 | €5,067 | €5,043 | -€24 | -0.5% |
| Stocks | 30/36 | €5,067 | €5,043 | -€24 | -0.5% |
| Amounts receivable within one year | 40/41 | €11,810 | €5,044 | -€6,766 | -57.3% |
| Trade receivables | 40 | €11,810 | €4,744 | -€7,066 | -59.8% |
| Other amounts receivable | 41 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €3,016 | €2,034 | -€982 | -32.6% |
| Deferred charges and accrued income | 490/1 | €275 | €572 | +€297 | +107.9% |
| Total equity and liabilities | 10/49 | €24,860 | €15,739 | -€9,121 | -36.7% |
| Equity | 10/15 | -€115,711 | -€114,314 | +€1,397 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,311 | -€132,914 | +€1,397 | +1.0% |
| Amounts payable | 17/49 | €140,571 | €130,054 | -€10,517 | -7.5% |
| Amounts payable within one year | 42/48 | €140,571 | €130,054 | -€10,517 | -7.5% |
| Trade debts | 44 | €24,789 | €6,286 | -€18,504 | -74.6% |
| Suppliers | 440/4 | €24,789 | €6,286 | -€18,504 | -74.6% |
| Taxes, remuneration and social security | 45 | €1,011 | €141 | -€870 | -86.1% |
| Taxes | 450/3 | €1,011 | €141 | -€870 | -86.1% |
| Other amounts payable | 47/48 | €114,770 | €123,627 | +€8,857 | +7.7% |
| Remuneration, social security and pensions | 62 | €12,487 | - | -€12,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €1,645 | = | 0.0% |
| Other operating charges | 640/8 | €2,220 | €1,264 | -€956 | -43.1% |
| Gross operating margin | 9900 | €16,234 | €5,202 | -€11,032 | -68.0% |
| Operating profit (loss) | 9901 | -€118 | €2,293 | +€2,410 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €779 | €726 | -€53 | -6.9% |
| Recurring financial charges | 65 | €779 | €726 | -€53 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€894 | €1,567 | +€2,461 | |
| Income taxes | 67/77 | €130 | €170 | +€41 | +31.6% |
| Profit (loss) for the period | 9904 | -€1,023 | €1,397 | +€2,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,023 | €1,397 | +€2,420 |
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 9 October 2026 via checked.be.