AVOGADRO: 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.
AVOGADRO
Largest movements
- Cash -€23,425
down €23,425 (-27.8%), from €84,209 to €60,785
mainly Current investments (-€22,000) and Contributions, distributions and other (-€1,666)
- Current investments +€22,000
up €22,000 (+22.0%), from €100,000 to €122,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€9,877
down €9,877, from €9,400 to -€477
- Financial income -€8,202
down €8,202 (-72.3%), from €11,338 to €3,136
- Taxes -€1,512
down €1,512 (-57.0%), from €2,653 to €1,141
- Financial charges +€186
up €186, from -€111 to €75
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 | €188,564 | €186,999 | -€1,565 | -0.8% |
| Fixed assets | 21/28 | €24 | €24 | = | 0.0% |
| Financial fixed assets | 28 | €24 | €24 | = | 0.0% |
| Current assets | 29/58 | €188,540 | €186,975 | -€1,565 | -0.8% |
| Stocks and contracts in progress | 3 | €483 | €483 | = | 0.0% |
| Stocks | 30/36 | €483 | €483 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €904 | €949 | +€45 | +5.0% |
| Trade receivables | 40 | €904 | €0 | -€904 | -100.0% |
| Other amounts receivable | 41 | - | €949 | +€949 | |
| Current investments | 50/53 | €100,000 | €122,000 | +€22,000 | +22.0% |
| Cash at bank and in hand | 54/58 | €84,209 | €60,785 | -€23,425 | -27.8% |
| Deferred charges and accrued income | 490/1 | €2,943 | €2,757 | -€186 | -6.3% |
| Total equity and liabilities | 10/49 | €188,564 | €186,999 | -€1,565 | -0.8% |
| Equity | 10/15 | €183,327 | €182,265 | -€1,062 | -0.6% |
| Contributions | 10/11 | €12,925 | €12,925 | = | 0.0% |
| Reserves | 13 | €142,550 | €143,150 | +€600 | +0.4% |
| Distributable reserves | 133 | €142,550 | €143,150 | +€600 | +0.4% |
| Profit (loss) carried forward | 14 | €27,853 | €26,191 | -€1,662 | -6.0% |
| Amounts payable | 17/49 | €5,237 | €4,733 | -€504 | -9.6% |
| Amounts payable within one year | 42/48 | €5,237 | €4,703 | -€533 | -10.2% |
| Trade debts | 44 | €150 | €192 | +€42 | +28.3% |
| Suppliers | 440/4 | €150 | €192 | +€42 | +28.3% |
| Taxes, remuneration and social security | 45 | €3,565 | €3,299 | -€265 | -7.4% |
| Taxes | 450/3 | €3,565 | €3,299 | -€265 | -7.4% |
| Other amounts payable | 47/48 | €1,522 | €1,211 | -€311 | -20.4% |
| Accrued charges and deferred income | 492/3 | €0 | €30 | +€30 | |
| Other operating charges | 640/8 | €785 | €839 | +€54 | +6.8% |
| Gross operating margin | 9900 | €9,400 | -€477 | -€9,877 | |
| Operating profit (loss) | 9901 | €8,614 | -€1,316 | -€9,931 | |
| Financial income | 75/76B | €11,338 | €3,136 | -€8,202 | -72.3% |
| Recurring financial income | 75 | €11,338 | €3,136 | -€8,202 | -72.3% |
| Financial charges | 65/66B | -€111 | €75 | +€186 | |
| Recurring financial charges | 65 | -€111 | €75 | +€186 | |
| Profit (loss) for the period before taxes | 9903 | €20,064 | €1,745 | -€18,319 | -91.3% |
| Income taxes | 67/77 | €2,653 | €1,141 | -€1,512 | -57.0% |
| Profit (loss) for the period | 9904 | €17,411 | €604 | -€16,807 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,411 | €604 | -€16,807 | -96.5% |
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.