AVR STAL: 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.
AVR STAL
Largest movements
- Cash -€271,155
down €271,155 (-66.3%), from €409,269 to €138,114
mainly Current investments (-€150,000) and Net result for the year (-€47,615)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year +€8,327
up €8,327 (+142%), from €5,872 to €14,199
of which Other amounts receivable: +€7,502
- Profit (loss) carried forward -€47,615
new in 2025: -€47,615
- Debts after one year -€31,824
no longer reported in 2025 (was €31,824)
- Tax, wage and social debts -€13,116
down €13,116 (-94.6%), from €13,863 to €747
- Trade debts -€10,247
no longer reported in 2025 (was €10,247)
- Other debts -€5,269
down €5,269 (-85.9%), from €6,132 to €863
- Gross operating margin -€844,348
down €844,348, from €800,169 to -€44,178
- Taxes -€124,485
down €124,485 (-98.4%), from €126,495 to €2,010
- Staff costs -€92,183
down €92,183 (-99.3%), from €92,873 to €690
- Depreciation -€66,258
no longer reported in 2025 (was €66,258)
- Other operating charges -€9,809
down €9,809 (-82.6%), from €11,869 to €2,059
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 | €432,387 | €321,730 | -€110,657 | -25.6% |
| Current assets | 29/58 | €432,387 | €321,730 | -€110,657 | -25.6% |
| Stocks and contracts in progress | 3 | €15,289 | €15,289 | = | 0.0% |
| Stocks | 30/36 | €15,289 | €15,289 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,872 | €14,199 | +€8,327 | +142% |
| Trade receivables | 40 | - | €825 | +€825 | |
| Other amounts receivable | 41 | €5,872 | €13,374 | +€7,502 | +128% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €409,269 | €138,114 | -€271,155 | -66.3% |
| Deferred charges and accrued income | 490/1 | €1,957 | €4,128 | +€2,171 | +111% |
| Total equity and liabilities | 10/49 | €432,387 | €321,730 | -€110,657 | -25.6% |
| Equity | 10/15 | €335,910 | €288,296 | -€47,615 | -14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,310 | €317,310 | = | 0.0% |
| Distributable reserves | 133 | €317,310 | €317,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€47,615 | -€47,615 | |
| Amounts payable | 17/49 | €96,477 | €33,434 | -€63,043 | -65.3% |
| Amounts payable after more than one year | 17 | €31,824 | - | -€31,824 | |
| Financial debts | 170/4 | €31,824 | - | -€31,824 | |
| Amounts payable within one year | 42/48 | €64,653 | €33,434 | -€31,219 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €34,411 | €31,824 | -€2,586 | -7.5% |
| Trade debts | 44 | €10,247 | - | -€10,247 | |
| Suppliers | 440/4 | €10,247 | - | -€10,247 | |
| Taxes, remuneration and social security | 45 | €13,863 | €747 | -€13,116 | -94.6% |
| Taxes | 450/3 | €13,863 | €747 | -€13,116 | -94.6% |
| Other amounts payable | 47/48 | €6,132 | €863 | -€5,269 | -85.9% |
| Remuneration, social security and pensions | 62 | €92,873 | €690 | -€92,183 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,258 | - | -€66,258 | |
| Other operating charges | 640/8 | €11,869 | €2,059 | -€9,809 | -82.6% |
| Gross operating margin | 9900 | €800,169 | -€44,178 | -€844,348 | |
| Operating profit (loss) | 9901 | €629,170 | -€46,927 | -€676,097 | |
| Financial income | 75/76B | €559 | €2,275 | +€1,716 | +307% |
| Recurring financial income | 75 | €559 | €2,275 | +€1,716 | +307% |
| Financial charges | 65/66B | €5,903 | €952 | -€4,951 | -83.9% |
| Recurring financial charges | 65 | €5,903 | €952 | -€4,951 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €623,826 | -€45,604 | -€669,431 | |
| Income taxes | 67/77 | €126,495 | €2,010 | -€124,485 | -98.4% |
| Profit (loss) for the period | 9904 | €497,332 | -€47,615 | -€544,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €497,332 | -€47,615 | -€544,946 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.