AVOCOM: 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.
AVOCOM
Largest movements
- Current investments -€216,057
down €216,057 (-31.2%), from €693,085 to €477,028
- Receivables within one year +€71,468
up €71,468 (+69.0%), from €103,571 to €175,039
of which Other amounts receivable: +€49,253
- Cash -€23,684
down €23,684 (-9.4%), from €252,816 to €229,131
mainly Other debts (-€262,455) and Contributions, distributions and other (-€140,882)
- Other debts -€262,455
down €262,455 (-91.0%), from €288,516 to €26,062
- Profit (loss) carried forward +€157,313
up €157,313, from €0 to €157,313
- Reserves -€115,882
down €115,882 (-13.5%), from €856,028 to €740,145
- Trade debts +€57,432
up €57,432 (+118.0%), from €48,677 to €106,109
- Staff costs +€95,735
up €95,735 (+89.3%), from €107,234 to €202,969
- Gross operating margin -€20,562
down €20,562 (-4.1%), from €499,598 to €479,036
- Taxes -€15,019
down €15,019 (-16.8%), from €89,630 to €74,610
- Other operating charges -€7,901
down €7,901 (-73.3%), from €10,780 to €2,879
- Financial income -€7,535
down €7,535 (-36.9%), from €20,408 to €12,873
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 | €1,277,810 | €1,097,831 | -€179,979 | -14.1% |
| Fixed assets | 21/28 | €76,473 | €73,494 | -€2,979 | -3.9% |
| Tangible fixed assets | 22/27 | €76,465 | €73,486 | -€2,979 | -3.9% |
| Furniture and vehicles | 24 | €76,465 | €73,486 | -€2,979 | -3.9% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €1,201,337 | €1,024,337 | -€177,000 | -14.7% |
| Amounts receivable after more than one year | 29 | €133,908 | €127,308 | -€6,600 | -4.9% |
| Other amounts receivable | 291 | €133,908 | €127,308 | -€6,600 | -4.9% |
| Stocks and contracts in progress | 3 | €7,408 | €8,830 | +€1,422 | +19.2% |
| Stocks | 30/36 | €7,408 | €8,830 | +€1,422 | +19.2% |
| Amounts receivable within one year | 40/41 | €103,571 | €175,039 | +€71,468 | +69.0% |
| Trade receivables | 40 | €102,824 | €125,039 | +€22,215 | +21.6% |
| Other amounts receivable | 41 | €747 | €50,000 | +€49,253 | +6589.4% |
| Current investments | 50/53 | €693,085 | €477,028 | -€216,057 | -31.2% |
| Cash at bank and in hand | 54/58 | €252,816 | €229,131 | -€23,684 | -9.4% |
| Deferred charges and accrued income | 490/1 | €10,548 | €7,000 | -€3,548 | -33.6% |
| Total equity and liabilities | 10/49 | €1,277,810 | €1,097,831 | -€179,979 | -14.1% |
| Equity | 10/15 | €862,228 | €903,658 | +€41,431 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €856,028 | €740,145 | -€115,882 | -13.5% |
| Distributable reserves | 133 | €856,028 | €740,145 | -€115,882 | -13.5% |
| Profit (loss) carried forward | 14 | €0 | €157,313 | +€157,313 | |
| Amounts payable | 17/49 | €415,582 | €194,173 | -€221,410 | -53.3% |
| Amounts payable after more than one year | 17 | €8,108 | €0 | -€8,108 | -100.0% |
| Financial debts | 170/4 | €8,108 | €0 | -€8,108 | -100.0% |
| Amounts payable within one year | 42/48 | €406,869 | €194,173 | -€212,696 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €11,803 | €8,108 | -€3,695 | -31.3% |
| Trade debts | 44 | €48,677 | €106,109 | +€57,432 | +118.0% |
| Suppliers | 440/4 | €48,677 | €106,109 | +€57,432 | +118.0% |
| Taxes, remuneration and social security | 45 | €57,872 | €53,894 | -€3,979 | -6.9% |
| Taxes | 450/3 | €33,725 | €21,614 | -€12,110 | -35.9% |
| Remuneration and social security | 454/9 | €24,148 | €32,279 | +€8,132 | +33.7% |
| Other amounts payable | 47/48 | €288,516 | €26,062 | -€262,455 | -91.0% |
| Accrued charges and deferred income | 492/3 | €606 | €0 | -€606 | -100.0% |
| Remuneration, social security and pensions | 62 | €107,234 | €202,969 | +€95,735 | +89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,201 | €26,298 | +€97 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,559 | €0 | -€3,559 | -100.0% |
| Other operating charges | 640/8 | €10,780 | €2,879 | -€7,901 | -73.3% |
| Gross operating margin | 9900 | €499,598 | €479,036 | -€20,562 | -4.1% |
| Operating profit (loss) | 9901 | €351,824 | €246,890 | -€104,934 | -29.8% |
| Financial income | 75/76B | €20,408 | €12,873 | -€7,535 | -36.9% |
| Recurring financial income | 75 | €20,408 | €12,873 | -€7,535 | -36.9% |
| Financial charges | 65/66B | €1,538 | €2,840 | +€1,302 | +84.6% |
| Recurring financial charges | 65 | €1,538 | €2,840 | +€1,302 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €370,694 | €256,923 | -€113,771 | -30.7% |
| Income taxes | 67/77 | €89,630 | €74,610 | -€15,019 | -16.8% |
| Profit (loss) for the period | 9904 | €281,065 | €182,313 | -€98,752 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,065 | €182,313 | -€98,752 | -35.1% |
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 10 October 2026 via checked.be.