AVOQADO: 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.
AVOQADO
Largest movements
- Cash +€12,165
up €12,165 (+22.8%), from €53,385 to €65,550
mainly Net result for the year (+€29,417) and Depreciation (+€6,151)
- Receivables within one year +€6,827
up €6,827 (+52.5%), from €12,997 to €19,824
of which Trade receivables: +€7,863
- Tangible fixed assets -€3,509
down €3,509 (-6.9%), from €50,964 to €47,455
of which Land and buildings: -€2,973
- Reserves +€29,417
up €29,417 (+39.6%), from €74,315 to €103,732
- Other debts -€18,172
down €18,172 (-55.4%), from €32,815 to €14,644
- Tax, wage and social debts +€3,516
up €3,516 (+420%), from €837 to €4,353
- Gross operating margin +€5,009
up €5,009 (+12.8%), from €39,255 to €44,263
- Depreciation +€3,078
up €3,078 (+100%), from €3,073 to €6,151
- Financial charges -€1,166
down €1,166 (-72.0%), from €1,620 to €454
- Taxes +€727
up €727 (+10.1%), from €7,198 to €7,925
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 | €121,435 | €136,938 | +€15,502 | +12.8% |
| Fixed assets | 21/28 | €50,964 | €47,455 | -€3,509 | -6.9% |
| Tangible fixed assets | 22/27 | €50,964 | €47,455 | -€3,509 | -6.9% |
| Land and buildings | 22 | €44,240 | €41,267 | -€2,973 | -6.7% |
| Furniture and vehicles | 24 | €6,724 | €6,188 | -€536 | -8.0% |
| Current assets | 29/58 | €70,471 | €89,483 | +€19,012 | +27.0% |
| Amounts receivable within one year | 40/41 | €12,997 | €19,824 | +€6,827 | +52.5% |
| Trade receivables | 40 | €11,931 | €19,794 | +€7,863 | +65.9% |
| Other amounts receivable | 41 | €1,067 | €30 | -€1,037 | -97.2% |
| Current investments | 50/53 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,385 | €65,550 | +€12,165 | +22.8% |
| Deferred charges and accrued income | 490/1 | €4,079 | €4,099 | +€20 | +0.5% |
| Total equity and liabilities | 10/49 | €121,435 | €136,938 | +€15,502 | +12.8% |
| Equity | 10/15 | €81,815 | €111,232 | +€29,417 | +36.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €74,315 | €103,732 | +€29,417 | +39.6% |
| Distributable reserves | 133 | €74,315 | €103,732 | +€29,417 | +39.6% |
| Amounts payable | 17/49 | €39,620 | €25,705 | -€13,915 | -35.1% |
| Amounts payable within one year | 42/48 | €39,620 | €25,705 | -€13,915 | -35.1% |
| Trade debts | 44 | €5,969 | €6,709 | +€740 | +12.4% |
| Suppliers | 440/4 | €5,969 | €6,709 | +€740 | +12.4% |
| Taxes, remuneration and social security | 45 | €837 | €4,353 | +€3,516 | +420% |
| Taxes | 450/3 | €837 | €4,353 | +€3,516 | +420% |
| Other amounts payable | 47/48 | €32,815 | €14,644 | -€18,172 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,073 | €6,151 | +€3,078 | +100% |
| Other operating charges | 640/8 | €423 | €436 | +€13 | +3.0% |
| Gross operating margin | 9900 | €39,255 | €44,263 | +€5,009 | +12.8% |
| Operating profit (loss) | 9901 | €35,758 | €37,676 | +€1,918 | +5.4% |
| Financial income | 75/76B | €121 | €121 | -€0 | -0.2% |
| Recurring financial income | 75 | €121 | €121 | -€0 | -0.2% |
| Financial charges | 65/66B | €1,620 | €454 | -€1,166 | -72.0% |
| Recurring financial charges | 65 | €1,620 | €454 | -€1,166 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €34,259 | €37,343 | +€3,084 | +9.0% |
| Income taxes | 67/77 | €7,198 | €7,925 | +€727 | +10.1% |
| Profit (loss) for the period | 9904 | €27,060 | €29,417 | +€2,357 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,060 | €29,417 | +€2,357 | +8.7% |
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 17 October 2026 via checked.be.