Avnu: 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.
Avnu
Largest movements
- Cash -€51,244
down €51,244 (-36.9%), from €138,789 to €87,545
mainly Contributions, distributions and other (-€260,000) and Trade debts (-€18,346)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€22,481
down €22,481 (-37.0%), from €60,730 to €38,249
of which Trade receivables: -€22,981
- Deferred charges and accrued income -€2,675
no longer reported in 2025 (was €2,675)
- Reserves -€134,967
down €134,967 (-72.5%), from €186,052 to €51,085
of which Distributable reserves: -€134,967
- Other debts +€39,866
up €39,866 (+2,155%), from €1,850 to €41,715
- Trade debts -€18,346
down €18,346 (-99.3%), from €18,470 to €124
- Tax, wage and social debts -€8,541
down €8,541 (-33.7%), from €25,347 to €16,806
- Current portion of long-term debt -€4,269
no longer reported in 2025 (was €4,269)
- Gross operating margin +€13,937
up €13,937 (+9.5%), from €146,320 to €160,257
- Financial income -€13,674
down €13,674 (-89.7%), from €15,237 to €1,563
- Taxes -€2,972
down €2,972 (-7.9%), from €37,719 to €34,747
- Depreciation -€2,440
down €2,440 (-63.7%), from €3,829 to €1,390
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.
Derived cash bridge
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 | €254,586 | €128,329 | -€126,258 | -49.6% |
| Fixed assets | 21/28 | €2,392 | €2,535 | +€142 | +5.9% |
| Tangible fixed assets | 22/27 | €2,392 | €2,535 | +€142 | +5.9% |
| Furniture and vehicles | 24 | €2,392 | €2,535 | +€142 | +5.9% |
| Current assets | 29/58 | €252,194 | €125,794 | -€126,400 | -50.1% |
| Amounts receivable within one year | 40/41 | €60,730 | €38,249 | -€22,481 | -37.0% |
| Trade receivables | 40 | €60,730 | €37,749 | -€22,981 | -37.8% |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €138,789 | €87,545 | -€51,244 | -36.9% |
| Deferred charges and accrued income | 490/1 | €2,675 | - | -€2,675 | |
| Total equity and liabilities | 10/49 | €254,586 | €128,329 | -€126,258 | -49.6% |
| Equity | 10/15 | €204,652 | €69,685 | -€134,967 | -65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,052 | €51,085 | -€134,967 | -72.5% |
| Tax-exempt reserves | 132 | €41 | €41 | = | 0.0% |
| Distributable reserves | 133 | €186,011 | €51,044 | -€134,967 | -72.6% |
| Amounts payable | 17/49 | €49,935 | €58,644 | +€8,710 | +17.4% |
| Amounts payable within one year | 42/48 | €49,935 | €58,644 | +€8,710 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €4,269 | - | -€4,269 | |
| Trade debts | 44 | €18,470 | €124 | -€18,346 | -99.3% |
| Suppliers | 440/4 | €18,470 | €124 | -€18,346 | -99.3% |
| Taxes, remuneration and social security | 45 | €25,347 | €16,806 | -€8,541 | -33.7% |
| Taxes | 450/3 | €25,347 | €16,806 | -€8,541 | -33.7% |
| Other amounts payable | 47/48 | €1,850 | €41,715 | +€39,866 | +2,155% |
| Non-recurring operating income | 76A | - | €36,609 | +€36,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,829 | €1,390 | -€2,440 | -63.7% |
| Other operating charges | 640/8 | €1,498 | €401 | -€1,097 | -73.2% |
| Gross operating margin | 9900 | €146,320 | €160,257 | +€13,937 | +9.5% |
| Operating profit (loss) | 9901 | €140,993 | €158,467 | +€17,474 | +12.4% |
| Financial income | 75/76B | €15,237 | €1,563 | -€13,674 | -89.7% |
| Recurring financial income | 75 | €15,237 | €1,563 | -€13,674 | -89.7% |
| Financial charges | 65/66B | €419 | €249 | -€170 | -40.5% |
| Recurring financial charges | 65 | €419 | €249 | -€170 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €155,810 | €159,780 | +€3,970 | +2.5% |
| Income taxes | 67/77 | €37,719 | €34,747 | -€2,972 | -7.9% |
| Profit (loss) for the period | 9904 | €118,091 | €125,033 | +€6,941 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,091 | €125,033 | +€6,941 | +5.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.