AVOT: 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.
What changed
AVOT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,277
2024 · €40,976-€27,699
Equity
€648,504
2024 · €652,227-€3,723
Cash
€127,104
2024 · €126,949+€155
Balance sheet total
€731,540
2024 · €751,872-€20,331
Largest movements
Assets
- Receivables within one year -€17,529
down €17,529 (-78.6%), from €22,295 to €4,765
of which Trade receivables: -€21,327
Equity and liabilities
- Trade debts -€9,721
down €9,721 (-76.2%), from €12,753 to €3,031
Income statement
- Gross operating margin -€19,404
down €19,404 (-23.1%), from €84,079 to €64,674
- Financial income -€11,319
down €11,319 (-79.4%), from €14,256 to €2,937
- Taxes -€4,752
down €4,752 (-26.3%), from €18,084 to €13,332
- Depreciation +€1,659
up €1,659 (+5.8%), from €28,368 to €30,027
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
€40,976
Gross operating margin
-€19,404
Depreciation
-€1,659
Other operating charges
-€179
Financial income
-€11,319
Financial charges
+€110
Taxes
+€4,752
Result 2025
€13,277
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.
From operations
+€52,168
Investment
-€29,194
Financing
-€22,819
Cash 2024
€126,949
From operations (derived)
+€52,168
Net result for the year
+€13,277
Depreciation
+€30,027
Receivables after one year
+€2,012
Receivables within one year
+€17,529
Deferred charges and accrued income
+€112
Trade debts
-€9,721
Tax, wage and social debts
-€2,386
Other debts
+€1,318
Investment (derived)
-€29,194
Investment in fixed assets (net)
-€29,194
Financing
-€22,819
Debts after one year
-€2,843
Current portion of long-term debt
-€2,977
Contributions, distributions and other
-€17,000
Cash 2025
€127,104
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €751,872 | €731,540 | -€20,331 | -2.7% |
| Fixed assets | 21/28 | €545,296 | €544,463 | -€833 | -0.2% |
| Tangible fixed assets | 22/27 | €532,851 | €532,018 | -€833 | -0.2% |
| Land and buildings | 22 | €527,717 | €524,213 | -€3,503 | -0.7% |
| Plant, machinery and equipment | 23 | €307 | €1,897 | +€1,590 | +518.0% |
| Furniture and vehicles | 24 | €4,827 | €5,907 | +€1,080 | +22.4% |
| Financial fixed assets | 28 | €12,445 | €12,445 | = | 0.0% |
| Current assets | 29/58 | €206,576 | €187,077 | -€19,498 | -9.4% |
| Amounts receivable after more than one year | 29 | €37,863 | €35,851 | -€2,012 | -5.3% |
| Other amounts receivable | 291 | €37,863 | €35,851 | -€2,012 | -5.3% |
| Amounts receivable within one year | 40/41 | €22,295 | €4,765 | -€17,529 | -78.6% |
| Trade receivables | 40 | €21,327 | €0 | -€21,327 | -100.0% |
| Other amounts receivable | 41 | €968 | €4,765 | +€3,798 | +392.4% |
| Cash at bank and in hand | 54/58 | €126,949 | €127,104 | +€155 | +0.1% |
| Deferred charges and accrued income | 490/1 | €19,469 | €19,357 | -€112 | -0.6% |
| Total equity and liabilities | 10/49 | €751,872 | €731,540 | -€20,331 | -2.7% |
| Equity | 10/15 | €652,227 | €648,504 | -€3,723 | -0.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €584,056 | €580,333 | -€3,723 | -0.6% |
| Amounts payable | 17/49 | €99,645 | €83,036 | -€16,608 | -16.7% |
| Amounts payable after more than one year | 17 | €47,635 | €44,792 | -€2,843 | -6.0% |
| Financial debts | 170/4 | €47,635 | €44,792 | -€2,843 | -6.0% |
| Amounts payable within one year | 42/48 | €52,004 | €38,238 | -€13,766 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €5,819 | €2,843 | -€2,977 | -51.2% |
| Trade debts | 44 | €12,753 | €3,031 | -€9,721 | -76.2% |
| Suppliers | 440/4 | €12,753 | €3,031 | -€9,721 | -76.2% |
| Taxes, remuneration and social security | 45 | €11,269 | €8,883 | -€2,386 | -21.2% |
| Taxes | 450/3 | €11,269 | €8,883 | -€2,386 | -21.2% |
| Other amounts payable | 47/48 | €22,162 | €23,481 | +€1,318 | +5.9% |
| Accrued charges and deferred income | 492/3 | €7 | €7 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,368 | €30,027 | +€1,659 | +5.8% |
| Other operating charges | 640/8 | €8,800 | €8,978 | +€179 | +2.0% |
| Gross operating margin | 9900 | €84,079 | €64,674 | -€19,404 | -23.1% |
| Operating profit (loss) | 9901 | €46,912 | €25,669 | -€21,243 | -45.3% |
| Financial income | 75/76B | €14,256 | €2,937 | -€11,319 | -79.4% |
| Recurring financial income | 75 | €14,256 | €2,937 | -€11,319 | -79.4% |
| Financial charges | 65/66B | €2,107 | €1,998 | -€110 | -5.2% |
| Recurring financial charges | 65 | €2,107 | €1,998 | -€110 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €59,060 | €26,609 | -€32,451 | -54.9% |
| Income taxes | 67/77 | €18,084 | €13,332 | -€4,752 | -26.3% |
| Profit (loss) for the period | 9904 | €40,976 | €13,277 | -€27,699 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,976 | €13,277 | -€27,699 | -67.6% |
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 4 October 2026 via checked.be.