AVISOR: 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.
AVISOR
Largest movements
- Cash -€109,595
down €109,595 (-44.9%), from €243,866 to €134,271
mainly Receivables within one year (-€94,722) and Trade debts (-€39,349)
- Receivables within one year +€94,722
up €94,722 (+70.0%), from €135,268 to €229,991
of which Trade receivables: +€115,316
- Trade debts -€39,349
down €39,349 (-13.3%), from €296,176 to €256,827
- Reserves +€10,795
up €10,795 (+440.2%), from €2,452 to €13,247
- Tax, wage and social debts +€6,804
up €6,804 (+46.8%), from €14,529 to €21,333
of which Remuneration and social security: +€5,739
- Advances received +€5,404
up €5,404 (+10.7%), from €50,686 to €56,090
- Gross operating margin +€53,749
up €53,749 (+44.3%), from €121,303 to €175,052
- Staff costs +€43,072
up €43,072 (+40.2%), from €107,135 to €150,207
- Taxes +€2,365
up €2,365 (+72.5%), from €3,260 to €5,625
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 | €390,839 | €372,597 | -€18,241 | -4.7% |
| Fixed assets | 21/28 | €8,527 | €5,831 | -€2,696 | -31.6% |
| Intangible fixed assets | 21 | €5,621 | €3,951 | -€1,670 | -29.7% |
| Tangible fixed assets | 22/27 | €2,906 | €1,880 | -€1,026 | -35.3% |
| Furniture and vehicles | 24 | €2,906 | €1,880 | -€1,026 | -35.3% |
| Current assets | 29/58 | €382,312 | €366,766 | -€15,546 | -4.1% |
| Amounts receivable within one year | 40/41 | €135,268 | €229,991 | +€94,722 | +70.0% |
| Trade receivables | 40 | €110,617 | €225,933 | +€115,316 | +104.2% |
| Other amounts receivable | 41 | €24,651 | €4,057 | -€20,593 | -83.5% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €243,866 | €134,271 | -€109,595 | -44.9% |
| Deferred charges and accrued income | 490/1 | €3,178 | €2,504 | -€673 | -21.2% |
| Total equity and liabilities | 10/49 | €390,839 | €372,597 | -€18,241 | -4.7% |
| Equity | 10/15 | €22,448 | €31,847 | +€9,399 | +41.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,452 | €13,247 | +€10,795 | +440.2% |
| Distributable reserves | 133 | €2,452 | €13,247 | +€10,795 | +440.2% |
| Profit (loss) carried forward | 14 | €1,396 | €0 | -€1,396 | -100.0% |
| Amounts payable | 17/49 | €368,390 | €340,750 | -€27,640 | -7.5% |
| Amounts payable within one year | 42/48 | €368,390 | €340,750 | -€27,640 | -7.5% |
| Trade debts | 44 | €296,176 | €256,827 | -€39,349 | -13.3% |
| Suppliers | 440/4 | €296,176 | €256,827 | -€39,349 | -13.3% |
| Advances received on contracts in progress | 46 | €50,686 | €56,090 | +€5,404 | +10.7% |
| Taxes, remuneration and social security | 45 | €14,529 | €21,333 | +€6,804 | +46.8% |
| Taxes | 450/3 | €1,560 | €2,625 | +€1,065 | +68.3% |
| Remuneration and social security | 454/9 | €12,968 | €18,708 | +€5,739 | +44.3% |
| Other amounts payable | 47/48 | €7,000 | €6,500 | -€500 | -7.1% |
| Remuneration, social security and pensions | 62 | €107,135 | €150,207 | +€43,072 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,841 | €2,696 | +€855 | +46.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €209 | €209 | = | 0.0% |
| Gross operating margin | 9900 | €121,303 | €175,052 | +€53,749 | +44.3% |
| Operating profit (loss) | 9901 | €12,118 | €21,940 | +€9,822 | +81.1% |
| Financial income | 75/76B | €3 | €17 | +€15 | +567.7% |
| Recurring financial income | 75 | €3 | €17 | +€15 | +567.7% |
| Financial charges | 65/66B | €463 | €433 | -€31 | -6.6% |
| Recurring financial charges | 65 | €463 | €433 | -€31 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €11,657 | €21,524 | +€9,868 | +84.7% |
| Income taxes | 67/77 | €3,260 | €5,625 | +€2,365 | +72.5% |
| Profit (loss) for the period | 9904 | €8,396 | €15,899 | +€7,503 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,396 | €15,899 | +€7,503 | +89.4% |
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.