AVOTAX: 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.
AVOTAX
Largest movements
- Tangible fixed assets -€13,717
down €13,717 (-3.0%), from €460,385 to €446,668
of which Other tangible fixed assets: -€12,649
- Cash +€12,814
up €12,814 (+32.6%), from €39,339 to €52,152
mainly Net result for the year (+€98,975) and Depreciation (+€25,994)
- Receivables within one year +€11,508
up €11,508 (+22.9%), from €50,173 to €61,681
of which Other amounts receivable: +€11,127
- Debts after one year -€27,635
down €27,635 (-6.5%), from €426,921 to €399,287
- Profit (loss) carried forward +€26,390
up €26,390 (+43.6%), from €60,577 to €86,967
- Other debts +€6,045
up €6,045 (+72.1%), from €8,384 to €14,429
- Gross operating margin +€36,307
up €36,307 (+69.4%), from €52,343 to €88,650
- Taxes +€9,701
up €9,701 (+55.3%), from €17,527 to €27,227
- Financial income +€5,558
up €5,558 (+7.6%), from €73,090 to €78,647
- Depreciation +€968
up €968 (+3.9%), from €25,026 to €25,994
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 | €567,730 | €578,839 | +€11,109 | +2.0% |
| Fixed assets | 21/28 | €477,385 | €463,668 | -€13,717 | -2.9% |
| Tangible fixed assets | 22/27 | €460,385 | €446,668 | -€13,717 | -3.0% |
| Land and buildings | 22 | €261,612 | €252,210 | -€9,401 | -3.6% |
| Plant, machinery and equipment | 23 | €1,678 | €1,194 | -€483 | -28.8% |
| Furniture and vehicles | 24 | €409 | €9,226 | +€8,816 | +2153.8% |
| Other tangible fixed assets | 26 | €196,686 | €184,038 | -€12,649 | -6.4% |
| Financial fixed assets | 28 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €90,345 | €115,171 | +€24,826 | +27.5% |
| Amounts receivable within one year | 40/41 | €50,173 | €61,681 | +€11,508 | +22.9% |
| Trade receivables | 40 | - | €381 | +€381 | |
| Other amounts receivable | 41 | €50,173 | €61,300 | +€11,127 | +22.2% |
| Cash at bank and in hand | 54/58 | €39,339 | €52,152 | +€12,814 | +32.6% |
| Deferred charges and accrued income | 490/1 | €833 | €1,338 | +€505 | +60.6% |
| Total equity and liabilities | 10/49 | €567,730 | €578,839 | +€11,109 | +2.0% |
| Equity | 10/15 | €80,577 | €106,967 | +€26,390 | +32.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,577 | €86,967 | +€26,390 | +43.6% |
| Amounts payable | 17/49 | €487,153 | €471,872 | -€15,281 | -3.1% |
| Amounts payable after more than one year | 17 | €426,921 | €399,287 | -€27,635 | -6.5% |
| Financial debts | 170/4 | €426,921 | €399,287 | -€27,635 | -6.5% |
| Amounts payable within one year | 42/48 | €60,232 | €72,585 | +€12,354 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €31,979 | €34,374 | +€2,395 | +7.5% |
| Trade debts | 44 | €7,933 | €11,175 | +€3,242 | +40.9% |
| Suppliers | 440/4 | €7,933 | €11,175 | +€3,242 | +40.9% |
| Taxes, remuneration and social security | 45 | €11,936 | €12,608 | +€672 | +5.6% |
| Taxes | 450/3 | €11,936 | €12,608 | +€672 | +5.6% |
| Other amounts payable | 47/48 | €8,384 | €14,429 | +€6,045 | +72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,026 | €25,994 | +€968 | +3.9% |
| Other operating charges | 640/8 | €1,963 | €1,952 | -€11 | -0.6% |
| Gross operating margin | 9900 | €52,343 | €88,650 | +€36,307 | +69.4% |
| Operating profit (loss) | 9901 | €25,354 | €60,704 | +€35,350 | +139.4% |
| Financial income | 75/76B | €73,090 | €78,647 | +€5,558 | +7.6% |
| Recurring financial income | 75 | €73,090 | €78,647 | +€5,558 | +7.6% |
| Financial charges | 65/66B | €13,452 | €13,148 | -€304 | -2.3% |
| Recurring financial charges | 65 | €13,452 | €13,148 | -€304 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €84,991 | €126,203 | +€41,212 | +48.5% |
| Income taxes | 67/77 | €17,527 | €27,227 | +€9,701 | +55.3% |
| Profit (loss) for the period | 9904 | €67,464 | €98,975 | +€31,511 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,464 | €98,975 | +€31,511 | +46.7% |
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 3 October 2026 via checked.be.