AVONDVREDE: 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.
What changed
AVONDVREDE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€114,441
2024 · €202,419-€316,860
Equity
€751,439
2024 · €865,881-€114,441
Cash
€582,091
2024 · €644,286-€62,195
Balance sheet total
€6.4m
2024 · €6.6m-€179,070
Largest movements
Assets
- Tangible fixed assets -€334,322
down €334,322 (-5.7%), from €5.9m to €5.5m
of which Land and buildings: -€331,651
- Receivables after one year +€200,000
new in 2025: €200,000
Equity and liabilities
- Other debts -€397,254
down €397,254 (-50.4%), from €788,152 to €390,898
- Debts after one year +€266,667
up €266,667 (+6.0%), from €4.5m to €4.7m
- Accrued charges and deferred income +€119,449
up €119,449 (+50.1%), from €238,374 to €357,824
- Reserves -€114,441
down €114,441 (-14.2%), from €803,908 to €689,466
of which Tax-exempt reserves: -€193,905
Income statement
- Gross operating margin -€332,981
down €332,981 (-46.0%), from €723,809 to €390,828
- Financial charges +€93,537
up €93,537 (+81.0%), from €115,541 to €209,078
- Taxes +€20,591
up €20,591 (+349%), from €5,897 to €26,488
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.
Result 2024
€202,419
Gross operating margin
-€332,981
Other operating charges
+€980
Financial income
+€0
Financial charges
-€93,537
Taxes
-€20,591
Deferred taxes and other
+€129,270
Result 2025
-€114,441
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€328,861
Investment
€0
Financing
+€266,667
Cash 2024
€644,286
From operations (derived)
-€328,861
Net result for the year
-€114,441
Depreciation
+€334,322
Receivables after one year
-€200,000
Receivables within one year
-€17,447
Provisions
-€64,635
Trade debts
+€15,849
Tax, wage and social debts
-€4,704
Other debts
-€397,254
Accrued charges and deferred income
+€119,449
Financing
+€266,667
Debts after one year
+€266,667
Cash 2025
€582,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,612,953 | €6,433,883 | -€179,070 | -2.7% |
| Fixed assets | 21/28 | €5,858,668 | €5,524,347 | -€334,322 | -5.7% |
| Tangible fixed assets | 22/27 | €5,858,668 | €5,524,347 | -€334,322 | -5.7% |
| Land and buildings | 22 | €5,845,007 | €5,513,357 | -€331,651 | -5.7% |
| Plant, machinery and equipment | 23 | €13,661 | €10,990 | -€2,671 | -19.6% |
| Current assets | 29/58 | €754,284 | €909,536 | +€155,252 | +20.6% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €109,999 | €127,445 | +€17,447 | +15.9% |
| Other amounts receivable | 41 | €109,999 | €127,445 | +€17,447 | +15.9% |
| Cash at bank and in hand | 54/58 | €644,286 | €582,091 | -€62,195 | -9.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €6,612,953 | €6,433,883 | -€179,070 | -2.7% |
| Equity | 10/15 | €865,881 | €751,439 | -€114,441 | -13.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €803,908 | €689,466 | -€114,441 | -14.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,905 | €0 | -€193,905 | -100% |
| Distributable reserves | 133 | €603,806 | €683,269 | +€79,463 | +13.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €64,635 | €0 | -€64,635 | -100% |
| Deferred taxes | 168 | €64,635 | €0 | -€64,635 | -100% |
| Amounts payable | 17/49 | €5,682,437 | €5,682,444 | +€7 | 0.0% |
| Amounts payable after more than one year | 17 | €4,464,294 | €4,730,960 | +€266,667 | +6.0% |
| Financial debts | 170/4 | €4,464,294 | €4,730,960 | +€266,667 | +6.0% |
| Amounts payable within one year | 42/48 | €979,769 | €593,660 | -€386,109 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | €133,333 | = | 0.0% |
| Trade debts | 44 | €53,579 | €69,428 | +€15,849 | +29.6% |
| Suppliers | 440/4 | €53,579 | €69,428 | +€15,849 | +29.6% |
| Taxes, remuneration and social security | 45 | €4,704 | €0 | -€4,704 | -100% |
| Taxes | 450/3 | €4,704 | €0 | -€4,704 | -100% |
| Other amounts payable | 47/48 | €788,152 | €390,898 | -€397,254 | -50.4% |
| Accrued charges and deferred income | 492/3 | €238,374 | €357,824 | +€119,449 | +50.1% |
| Non-recurring operating income | 76A | €258,540 | €0 | -€258,540 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,322 | €334,322 | = | 0.0% |
| Other operating charges | 640/8 | €996 | €17 | -€980 | -98.3% |
| Gross operating margin | 9900 | €723,809 | €390,828 | -€332,981 | -46.0% |
| Operating profit (loss) | 9901 | €388,491 | €56,489 | -€332,002 | -85.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €115,541 | €209,078 | +€93,537 | +81.0% |
| Recurring financial charges | 65 | €115,541 | €209,078 | +€93,537 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €272,950 | -€152,589 | -€425,539 | |
| Transfer from deferred taxes | 780 | - | €64,635 | +€64,635 | |
| Transfer to deferred taxes | 680 | €64,635 | €0 | -€64,635 | -100% |
| Income taxes | 67/77 | €5,897 | €26,488 | +€20,591 | +349% |
| Profit (loss) for the period | 9904 | €202,419 | -€114,441 | -€316,860 | |
| Transfer from tax-exempt reserves | 789 | - | €193,905 | +€193,905 | |
| Transfer to tax-exempt reserves | 689 | €193,905 | €0 | -€193,905 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €8,514 | €79,463 | +€70,949 | +833% |
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 13 October 2026 via checked.be.