AVODROIT: 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.
AVODROIT
Largest movements
- Receivables within one year -€8,074
down €8,074 (-45.0%), from €17,924 to €9,849
of which Other amounts receivable: -€7,331
- Cash -€2,822
down €2,822 (-4.5%), from €62,360 to €59,538
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€6,089)
- Tangible fixed assets +€1,142
up €1,142 (+4.4%), from €25,742 to €26,883
of which Plant, machinery and equipment: +€2,492
- Profit (loss) carried forward -€9,753
down €9,753 (-91.5%), from €10,662 to €909
- Other debts +€5,798
up €5,798 (+10.5%), from €55,154 to €60,952
- Debts after one year -€3,021
down €3,021 (-56.1%), from €5,389 to €2,367
- Tax, wage and social debts -€2,434
down €2,434 (-23.6%), from €10,313 to €7,880
- Gross operating margin -€3,266
down €3,266 (-3.6%), from €89,970 to €86,704
- Other operating charges +€1,419
up €1,419 (+39.2%), from €3,622 to €5,041
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 | €106,025 | €96,271 | -€9,755 | -9.2% |
| Fixed assets | 21/28 | €25,742 | €26,883 | +€1,142 | +4.4% |
| Tangible fixed assets | 22/27 | €25,742 | €26,883 | +€1,142 | +4.4% |
| Plant, machinery and equipment | 23 | €22,440 | €24,932 | +€2,492 | +11.1% |
| Furniture and vehicles | 24 | €3,302 | €1,951 | -€1,351 | -40.9% |
| Current assets | 29/58 | €80,284 | €69,387 | -€10,896 | -13.6% |
| Amounts receivable within one year | 40/41 | €17,924 | €9,849 | -€8,074 | -45.0% |
| Trade receivables | 40 | €8,688 | €7,944 | -€744 | -8.6% |
| Other amounts receivable | 41 | €9,236 | €1,905 | -€7,331 | -79.4% |
| Cash at bank and in hand | 54/58 | €62,360 | €59,538 | -€2,822 | -4.5% |
| Total equity and liabilities | 10/49 | €106,025 | €96,271 | -€9,755 | -9.2% |
| Equity | 10/15 | €31,782 | €22,029 | -€9,753 | -30.7% |
| Contributions | 10/11 | €21,120 | €21,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,662 | €909 | -€9,753 | -91.5% |
| Amounts payable | 17/49 | €74,243 | €74,241 | -€2 | 0.0% |
| Amounts payable after more than one year | 17 | €5,389 | €2,367 | -€3,021 | -56.1% |
| Financial debts | 170/4 | €5,389 | €2,367 | -€3,021 | -56.1% |
| Amounts payable within one year | 42/48 | €68,855 | €71,874 | +€3,019 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €2,874 | €3,021 | +€148 | +5.1% |
| Trade debts | 44 | €514 | €21 | -€493 | -95.8% |
| Suppliers | 440/4 | €514 | €21 | -€493 | -95.8% |
| Taxes, remuneration and social security | 45 | €10,313 | €7,880 | -€2,434 | -23.6% |
| Taxes | 450/3 | €10,313 | €7,880 | -€2,434 | -23.6% |
| Other amounts payable | 47/48 | €55,154 | €60,952 | +€5,798 | +10.5% |
| Non-recurring operating income | 76A | - | €1,328 | +€1,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,245 | €4,947 | +€702 | +16.5% |
| Other operating charges | 640/8 | €3,622 | €5,041 | +€1,419 | +39.2% |
| Gross operating margin | 9900 | €89,970 | €86,704 | -€3,266 | -3.6% |
| Operating profit (loss) | 9901 | €82,104 | €76,717 | -€5,387 | -6.6% |
| Financial income | 75/76B | €177 | €315 | +€137 | +77.4% |
| Recurring financial income | 75 | €177 | €315 | +€137 | +77.4% |
| Financial charges | 65/66B | €1,494 | €1,028 | -€466 | -31.2% |
| Recurring financial charges | 65 | €1,494 | €1,028 | -€466 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €80,788 | €76,004 | -€4,784 | -5.9% |
| Income taxes | 67/77 | €26,192 | €25,756 | -€435 | -1.7% |
| Profit (loss) for the period | 9904 | €54,596 | €50,247 | -€4,349 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,596 | €50,247 | -€4,349 | -8.0% |
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 19 October 2026 via checked.be.