AVPINTO: 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.
AVPINTO
Largest movements
- Cash -€43,863
down €43,863 (-38.7%), from €113,230 to €69,367
mainly Contributions, distributions and other (-€82,000) and Investment in fixed assets (net) (-€23,480)
- Tangible fixed assets +€17,907
up €17,907 (+404.9%), from €4,422 to €22,329
- Receivables within one year -€7,855
down €7,855 (-37.2%), from €21,143 to €13,288
of which Trade receivables: -€5,769
- Profit (loss) carried forward -€24,573
down €24,573 (-89.3%), from €27,507 to €2,934
- Tax, wage and social debts -€9,061
down €9,061 (-40.9%), from €22,132 to €13,071
of which Taxes: -€5,785
- Gross operating margin +€16,006
up €16,006 (+25.6%), from €62,422 to €78,429
- Taxes +€6,140
up €6,140 (+42.2%), from €14,566 to €20,706
- Financial income +€6,119
new in 2025: €6,119
of which Financial income: +€6,119
- Depreciation +€4,181
up €4,181 (+300.1%), from €1,393 to €5,574
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 | €139,184 | €105,704 | -€33,480 | -24.1% |
| Fixed assets | 21/28 | €4,422 | €22,329 | +€17,907 | +404.9% |
| Tangible fixed assets | 22/27 | €4,422 | €22,329 | +€17,907 | +404.9% |
| Furniture and vehicles | 24 | €4,422 | €22,329 | +€17,907 | +404.9% |
| Current assets | 29/58 | €134,762 | €83,375 | -€51,387 | -38.1% |
| Amounts receivable within one year | 40/41 | €21,143 | €13,288 | -€7,855 | -37.2% |
| Trade receivables | 40 | €19,058 | €13,288 | -€5,769 | -30.3% |
| Other amounts receivable | 41 | €2,086 | - | -€2,086 | |
| Cash at bank and in hand | 54/58 | €113,230 | €69,367 | -€43,863 | -38.7% |
| Deferred charges and accrued income | 490/1 | €389 | €720 | +€331 | +85.2% |
| Total equity and liabilities | 10/49 | €139,184 | €105,704 | -€33,480 | -24.1% |
| Equity | 10/15 | €31,007 | €6,434 | -€24,573 | -79.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,507 | €2,934 | -€24,573 | -89.3% |
| Amounts payable | 17/49 | €108,178 | €99,271 | -€8,907 | -8.2% |
| Amounts payable within one year | 42/48 | €108,099 | €99,271 | -€8,828 | -8.2% |
| Trade debts | 44 | €1,204 | €259 | -€946 | -78.5% |
| Suppliers | 440/4 | €1,204 | €259 | -€946 | -78.5% |
| Taxes, remuneration and social security | 45 | €22,132 | €13,071 | -€9,061 | -40.9% |
| Taxes | 450/3 | €18,856 | €13,071 | -€5,785 | -30.7% |
| Remuneration and social security | 454/9 | €3,276 | - | -€3,276 | |
| Other amounts payable | 47/48 | €84,762 | €85,941 | +€1,179 | +1.4% |
| Accrued charges and deferred income | 492/3 | €79 | - | -€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393 | €5,574 | +€4,181 | +300.1% |
| Other operating charges | 640/8 | €605 | €600 | -€5 | -0.8% |
| Gross operating margin | 9900 | €62,422 | €78,429 | +€16,006 | +25.6% |
| Operating profit (loss) | 9901 | €60,424 | €72,254 | +€11,830 | +19.6% |
| Financial income | 75/76B | - | €6,119 | +€6,119 | |
| Recurring financial income | 75 | - | €6,119 | +€6,119 | |
| Non-recurring financial income | 76B | - | €6,119 | +€6,119 | |
| Financial charges | 65/66B | €234 | €240 | +€6 | +2.5% |
| Recurring financial charges | 65 | €234 | €240 | +€6 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €60,190 | €78,133 | +€17,943 | +29.8% |
| Income taxes | 67/77 | €14,566 | €20,706 | +€6,140 | +42.2% |
| Profit (loss) for the period | 9904 | €45,623 | €57,427 | +€11,803 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,623 | €57,427 | +€11,803 | +25.9% |
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 6 October 2026 via checked.be.