Dr. avennet: 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.
Dr. avennet
Largest movements
- Cash -€49,884
down €49,884 (-56.8%), from €87,787 to €37,904
mainly Contributions, distributions and other (-€120,000) and Investment in fixed assets (net) (-€38,447)
- Intangible fixed assets -€32,500
down €32,500 (-25.0%), from €130,000 to €97,500
- Tangible fixed assets +€27,502
up €27,502 (+82.4%), from €33,392 to €60,894
of which Furniture and vehicles: +€35,146
- Receivables within one year +€6,416
up €6,416 (+57.5%), from €11,167 to €17,583
of which Other amounts receivable: +€6,416
- Deferred charges and accrued income -€4,213
down €4,213 (-72.8%), from €5,785 to €1,572
- Debts after one year -€25,824
down €25,824 (-76.3%), from €33,831 to €8,007
- Other debts -€22,369
down €22,369 (-15.0%), from €148,639 to €126,269
- Current portion of long-term debt -€22,238
down €22,238 (-58.7%), from €37,861 to €15,624
- Tax, wage and social debts +€17,527
up €17,527 (+116%), from €15,141 to €32,669
- Gross operating margin -€23,620
down €23,620 (-10.5%), from €224,615 to €200,996
- Taxes -€6,024
down €6,024 (-14.3%), from €42,169 to €36,145
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 | €268,131 | €215,452 | -€52,679 | -19.6% |
| Fixed assets | 21/28 | €163,392 | €158,394 | -€4,998 | -3.1% |
| Intangible fixed assets | 21 | €130,000 | €97,500 | -€32,500 | -25.0% |
| Tangible fixed assets | 22/27 | €33,392 | €60,894 | +€27,502 | +82.4% |
| Land and buildings | 22 | €29,719 | €22,075 | -€7,644 | -25.7% |
| Furniture and vehicles | 24 | €3,672 | €38,819 | +€35,146 | +957% |
| Current assets | 29/58 | €104,739 | €57,058 | -€47,681 | -45.5% |
| Amounts receivable within one year | 40/41 | €11,167 | €17,583 | +€6,416 | +57.5% |
| Trade receivables | 40 | €1,167 | €1,167 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €16,416 | +€6,416 | +64.2% |
| Cash at bank and in hand | 54/58 | €87,787 | €37,904 | -€49,884 | -56.8% |
| Deferred charges and accrued income | 490/1 | €5,785 | €1,572 | -€4,213 | -72.8% |
| Total equity and liabilities | 10/49 | €268,131 | €215,452 | -€52,679 | -19.6% |
| Equity | 10/15 | €22,442 | €22,504 | +€63 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,842 | €3,904 | +€63 | +1.6% |
| Distributable reserves | 133 | €3,842 | €3,904 | +€63 | +1.6% |
| Amounts payable | 17/49 | €245,689 | €192,948 | -€52,742 | -21.5% |
| Amounts payable after more than one year | 17 | €33,831 | €8,007 | -€25,824 | -76.3% |
| Financial debts | 170/4 | €33,831 | €8,007 | -€25,824 | -76.3% |
| Amounts payable within one year | 42/48 | €211,858 | €184,940 | -€26,918 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €37,861 | €15,624 | -€22,238 | -58.7% |
| Financial debts | 43 | €10,099 | €10,200 | +€101 | +1.0% |
| Other loans | 439 | €10,099 | €10,200 | +€101 | +1.0% |
| Trade debts | 44 | €118 | €179 | +€61 | +51.5% |
| Suppliers | 440/4 | €118 | €179 | +€61 | +51.5% |
| Taxes, remuneration and social security | 45 | €15,141 | €32,669 | +€17,527 | +116% |
| Taxes | 450/3 | €15,141 | €32,669 | +€17,527 | +116% |
| Other amounts payable | 47/48 | €148,639 | €126,269 | -€22,369 | -15.0% |
| Non-recurring operating income | 76A | - | €12,828 | +€12,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,060 | €43,444 | +€1,384 | +3.3% |
| Other operating charges | 640/8 | €895 | €479 | -€417 | -46.6% |
| Gross operating margin | 9900 | €224,615 | €200,996 | -€23,620 | -10.5% |
| Operating profit (loss) | 9901 | €181,660 | €157,073 | -€24,587 | -13.5% |
| Financial charges | 65/66B | €1,399 | €865 | -€534 | -38.2% |
| Recurring financial charges | 65 | €1,399 | €865 | -€534 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €180,261 | €156,208 | -€24,053 | -13.3% |
| Income taxes | 67/77 | €42,169 | €36,145 | -€6,024 | -14.3% |
| Profit (loss) for the period | 9904 | €138,092 | €120,063 | -€18,029 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €138,092 | €120,063 | -€18,029 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.