AVROXA: 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.
AVROXA
Largest movements
- Receivables within one year -€412,167
down €412,167 (-75.2%), from €548,359 to €136,192
of which Trade receivables: -€360,795
- Cash +€192,515
up €192,515 (+14.7%), from €1.3m to €1.5m
mainly Other debts (+€602,823) and Receivables within one year (+€412,167)
- Current investments +€128,325
new in 2025: €128,325
- Reserves -€684,201
down €684,201 (-44.6%), from €1.5m to €848,429
of which Distributable reserves: -€812,526
- Other debts +€602,823
new in 2025: €602,823
- Tax, wage and social debts -€57,132
down €57,132 (-20.8%), from €275,290 to €218,158
of which Taxes: -€57,742
- Advances received +€48,773
new in 2025: €48,773
- Investment grants -€30,798
down €30,798 (-93.9%), from €32,798 to €2,000
- Gross operating margin -€962,136
down €962,136 (-84.9%), from €1.1m to €170,832
- Taxes -€150,471
down €150,471 (-100.0%), from €150,471 to €0
- Depreciation +€31,305
up €31,305 (+31.1%), from €100,666 to €131,971
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 | €1,919,203 | €1,796,228 | -€122,975 | -6.4% |
| Fixed assets | 21/28 | €59,387 | €27,607 | -€31,781 | -53.5% |
| Intangible fixed assets | 21 | €26,665 | €10,729 | -€15,936 | -59.8% |
| Tangible fixed assets | 22/27 | €32,662 | €16,818 | -€15,844 | -48.5% |
| Plant, machinery and equipment | 23 | €32,662 | €16,818 | -€15,844 | -48.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €1,859,816 | €1,768,621 | -€91,195 | -4.9% |
| Amounts receivable within one year | 40/41 | €548,359 | €136,192 | -€412,167 | -75.2% |
| Trade receivables | 40 | €455,720 | €94,924 | -€360,795 | -79.2% |
| Other amounts receivable | 41 | €92,639 | €41,268 | -€51,371 | -55.5% |
| Current investments | 50/53 | - | €128,325 | +€128,325 | |
| Cash at bank and in hand | 54/58 | €1,311,457 | €1,503,972 | +€192,515 | +14.7% |
| Deferred charges and accrued income | 490/1 | - | €131 | +€131 | |
| Total equity and liabilities | 10/49 | €1,919,203 | €1,796,228 | -€122,975 | -6.4% |
| Equity | 10/15 | €1,575,829 | €869,029 | -€706,799 | -44.9% |
| Contributions | 10/11 | €10,400 | €18,600 | +€8,200 | +78.8% |
| Reserves | 13 | €1,532,631 | €848,429 | -€684,201 | -44.6% |
| Non-distributable reserves | 130/1 | - | €128,325 | +€128,325 | |
| Own shares acquired | 1312 | - | €128,325 | +€128,325 | |
| Distributable reserves | 133 | €1,532,631 | €720,104 | -€812,526 | -53.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €32,798 | €2,000 | -€30,798 | -93.9% |
| Amounts payable | 17/49 | €343,375 | €927,199 | +€583,824 | +170.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €296,875 | €903,199 | +€606,324 | +204.2% |
| Current portion of amounts payable after more than one year | 42 | €6,419 | €0 | -€6,419 | -100.0% |
| Trade debts | 44 | €15,166 | €33,444 | +€18,279 | +120.5% |
| Suppliers | 440/4 | €15,166 | €33,444 | +€18,279 | +120.5% |
| Advances received on contracts in progress | 46 | - | €48,773 | +€48,773 | |
| Taxes, remuneration and social security | 45 | €275,290 | €218,158 | -€57,132 | -20.8% |
| Taxes | 450/3 | €256,651 | €198,909 | -€57,742 | -22.5% |
| Remuneration and social security | 454/9 | €18,639 | €19,250 | +€611 | +3.3% |
| Other amounts payable | 47/48 | - | €602,823 | +€602,823 | |
| Accrued charges and deferred income | 492/3 | €46,500 | €24,000 | -€22,500 | -48.4% |
| Remuneration, social security and pensions | 62 | €69,597 | €73,672 | +€4,075 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,666 | €131,971 | +€31,305 | +31.1% |
| Other operating charges | 640/8 | €772 | €1,243 | +€471 | +61.0% |
| Gross operating margin | 9900 | €1,132,968 | €170,832 | -€962,136 | -84.9% |
| Operating profit (loss) | 9901 | €961,933 | -€36,054 | -€997,987 | |
| Financial income | 75/76B | €4,233 | €3,991 | -€242 | -5.7% |
| Recurring financial income | 75 | €4,233 | €3,991 | -€242 | -5.7% |
| Financial charges | 65/66B | €659 | €438 | -€220 | -33.5% |
| Recurring financial charges | 65 | €659 | €438 | -€220 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €965,508 | -€32,501 | -€998,009 | |
| Income taxes | 67/77 | €150,471 | €0 | -€150,471 | -100.0% |
| Profit (loss) for the period | 9904 | €815,036 | -€32,501 | -€847,537 | |
| Profit (loss) for the period to be appropriated | 9905 | €815,036 | -€32,501 | -€847,537 |
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.