AVISOS: 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.
AVISOS
Largest movements
- Cash +€24,068
up €24,068 (+15.7%), from €153,402 to €177,469
mainly Net result for the year (+€51,368) and Depreciation (+€9,313)
- Tangible fixed assets -€9,313
down €9,313 (-50.0%), from €18,626 to €9,313
- Receivables within one year -€4,965
down €4,965 (-21.9%), from €22,642 to €17,677
of which Trade receivables: -€4,965
- Reserves +€27,383
up €27,383 (+13.8%), from €198,851 to €226,234
- Other debts -€9,990
down €9,990 (-23.3%), from €42,803 to €32,813
- Debts after one year -€7,468
no longer reported in 2025 (was €7,468)
- Gross operating margin -€3,305
down €3,305 (-4.0%), from €82,763 to €79,458
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 | €278,445 | €288,334 | +€9,889 | +3.6% |
| Fixed assets | 21/28 | €18,626 | €9,313 | -€9,313 | -50.0% |
| Tangible fixed assets | 22/27 | €18,626 | €9,313 | -€9,313 | -50.0% |
| Furniture and vehicles | 24 | €18,626 | €9,313 | -€9,313 | -50.0% |
| Current assets | 29/58 | €259,819 | €279,021 | +€19,203 | +7.4% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,642 | €17,677 | -€4,965 | -21.9% |
| Trade receivables | 40 | €22,582 | €17,616 | -€4,965 | -22.0% |
| Other amounts receivable | 41 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,402 | €177,469 | +€24,068 | +15.7% |
| Deferred charges and accrued income | 490/1 | €8,775 | €8,875 | +€100 | +1.1% |
| Total equity and liabilities | 10/49 | €278,445 | €288,334 | +€9,889 | +3.6% |
| Equity | 10/15 | €198,852 | €226,235 | +€27,383 | +13.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €198,851 | €226,234 | +€27,383 | +13.8% |
| Distributable reserves | 133 | €198,851 | €226,234 | +€27,383 | +13.8% |
| Amounts payable | 17/49 | €79,592 | €62,099 | -€17,494 | -22.0% |
| Amounts payable after more than one year | 17 | €7,468 | - | -€7,468 | |
| Financial debts | 170/4 | €7,468 | - | -€7,468 | |
| Amounts payable within one year | 42/48 | €71,834 | €61,047 | -€10,787 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €9,706 | €7,468 | -€2,238 | -23.1% |
| Trade debts | 44 | €2,556 | €4,770 | +€2,214 | +86.6% |
| Suppliers | 440/4 | €2,556 | €4,770 | +€2,214 | +86.6% |
| Taxes, remuneration and social security | 45 | €16,770 | €15,996 | -€773 | -4.6% |
| Taxes | 450/3 | €16,770 | €15,996 | -€773 | -4.6% |
| Other amounts payable | 47/48 | €42,803 | €32,813 | -€9,990 | -23.3% |
| Accrued charges and deferred income | 492/3 | €291 | €1,052 | +€762 | +262.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,440 | €9,313 | -€127 | -1.3% |
| Other operating charges | 640/8 | €1,020 | €1,361 | +€341 | +33.5% |
| Non-recurring operating charges | 66A | €473 | - | -€473 | |
| Gross operating margin | 9900 | €82,763 | €79,458 | -€3,305 | -4.0% |
| Operating profit (loss) | 9901 | €71,830 | €68,784 | -€3,046 | -4.2% |
| Financial income | 75/76B | €3,773 | €4,563 | +€790 | +20.9% |
| Recurring financial income | 75 | €3,773 | €4,563 | +€790 | +20.9% |
| Financial charges | 65/66B | €652 | €1,109 | +€457 | +70.1% |
| Recurring financial charges | 65 | €652 | €1,109 | +€457 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €74,951 | €72,238 | -€2,713 | -3.6% |
| Income taxes | 67/77 | €20,900 | €20,870 | -€30 | -0.1% |
| Profit (loss) for the period | 9904 | €54,051 | €51,368 | -€2,683 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,051 | €51,368 | -€2,683 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.