AVONTURE D. MANAGEMENT: 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.
AVONTURE D. MANAGEMENT
Largest movements
- Cash +€17,628
up €17,628 (+34,330%), from €51 to €17,680
mainly Net result for the year (+€23,951) and Other debts (+€23,463)
- Receivables within one year -€9,209
down €9,209 (-11.6%), from €79,633 to €70,424
of which Other amounts receivable: -€32,394
- Tangible fixed assets -€8,115
down €8,115 (-56.4%), from €14,400 to €6,285
- Deferred charges and accrued income -€6,672
down €6,672 (-50.7%), from €13,148 to €6,476
- Trade debts -€34,579
down €34,579 (-44.7%), from €77,443 to €42,864
- Accrued charges and deferred income -€34,215
down €34,215 (-100%), from €34,215 to €0
- Reserves +€23,951
up €23,951 (+9.8%), from €244,702 to €268,653
- Other debts +€23,463
new in 2025: €23,463
- Tax, wage and social debts +€18,312
up €18,312 (+21.6%), from €84,655 to €102,966
of which Taxes: +€16,457
- Gross operating margin +€164,156
up €164,156 (+145%), from €112,885 to €277,041
- Staff costs +€133,429
up €133,429 (+167%), from €79,699 to €213,127
- Financial charges +€10,502
up €10,502 (+356%), from €2,947 to €13,449
- Financial income -€5,576
down €5,576 (-37.9%), from €14,709 to €9,134
- Other operating charges -€4,855
down €4,855 (-34.2%), from €14,205 to €9,350
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 | €466,332 | €459,964 | -€6,367 | -1.4% |
| Fixed assets | 21/28 | €19,500 | €11,385 | -€8,115 | -41.6% |
| Tangible fixed assets | 22/27 | €14,400 | €6,285 | -€8,115 | -56.4% |
| Plant, machinery and equipment | 23 | €6,902 | €2,997 | -€3,905 | -56.6% |
| Furniture and vehicles | 24 | €6,688 | €2,790 | -€3,898 | -58.3% |
| Other tangible fixed assets | 26 | €810 | €498 | -€312 | -38.5% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €446,832 | €448,580 | +€1,748 | +0.4% |
| Amounts receivable after more than one year | 29 | €294,000 | €294,000 | = | 0.0% |
| Other amounts receivable | 291 | €294,000 | €294,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,633 | €70,424 | -€9,209 | -11.6% |
| Trade receivables | 40 | €47,239 | €70,424 | +€23,185 | +49.1% |
| Other amounts receivable | 41 | €32,394 | €0 | -€32,394 | -100% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51 | €17,680 | +€17,628 | +34,330% |
| Deferred charges and accrued income | 490/1 | €13,148 | €6,476 | -€6,672 | -50.7% |
| Total equity and liabilities | 10/49 | €466,332 | €459,964 | -€6,367 | -1.4% |
| Equity | 10/15 | €257,102 | €281,053 | +€23,951 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,702 | €268,653 | +€23,951 | +9.8% |
| Distributable reserves | 133 | €244,702 | €268,653 | +€23,951 | +9.8% |
| Amounts payable | 17/49 | €209,230 | €178,912 | -€30,318 | -14.5% |
| Amounts payable after more than one year | 17 | €3,759 | €0 | -€3,759 | -100% |
| Financial debts | 170/4 | €3,759 | €0 | -€3,759 | -100% |
| Amounts payable within one year | 42/48 | €171,256 | €178,912 | +€7,655 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €9,158 | €6,319 | -€2,839 | -31.0% |
| Financial debts | 43 | - | €3,299 | +€3,299 | |
| Credit institutions | 430/8 | - | €3,299 | +€3,299 | |
| Trade debts | 44 | €77,443 | €42,864 | -€34,579 | -44.7% |
| Suppliers | 440/4 | €77,443 | €42,864 | -€34,579 | -44.7% |
| Taxes, remuneration and social security | 45 | €84,655 | €102,966 | +€18,312 | +21.6% |
| Taxes | 450/3 | €50,822 | €67,279 | +€16,457 | +32.4% |
| Remuneration and social security | 454/9 | €33,833 | €35,687 | +€1,855 | +5.5% |
| Other amounts payable | 47/48 | - | €23,463 | +€23,463 | |
| Accrued charges and deferred income | 492/3 | €34,215 | €0 | -€34,215 | -100% |
| Remuneration, social security and pensions | 62 | €79,699 | €213,127 | +€133,429 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,070 | €10,097 | +€28 | +0.3% |
| Other operating charges | 640/8 | €14,205 | €9,350 | -€4,855 | -34.2% |
| Gross operating margin | 9900 | €112,885 | €277,041 | +€164,156 | +145% |
| Operating profit (loss) | 9901 | €8,912 | €44,466 | +€35,554 | +399% |
| Financial income | 75/76B | €14,709 | €9,134 | -€5,576 | -37.9% |
| Recurring financial income | 75 | €14,709 | €9,134 | -€5,576 | -37.9% |
| Financial charges | 65/66B | €2,947 | €13,449 | +€10,502 | +356% |
| Recurring financial charges | 65 | €2,947 | €13,449 | +€10,502 | +356% |
| Profit (loss) for the period before taxes | 9903 | €20,675 | €40,151 | +€19,476 | +94.2% |
| Income taxes | 67/77 | €17,886 | €16,200 | -€1,686 | -9.4% |
| Profit (loss) for the period | 9904 | €2,789 | €23,951 | +€21,162 | +759% |
| Profit (loss) for the period to be appropriated | 9905 | €2,789 | €23,951 | +€21,162 | +759% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.