L'Avenida: 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.
L'Avenida
Largest movements
- Tangible fixed assets -€66,427
down €66,427 (-23.9%), from €278,319 to €211,892
- Receivables within one year -€49,043
down €49,043 (-41.3%), from €118,777 to €69,734
of which Other amounts receivable: -€43,783
- Cash -€12,054
down €12,054 (-29.7%), from €40,569 to €28,515
mainly Net result for the year (-€91,872) and Trade debts (-€56,389)
- Profit (loss) carried forward -€91,872
down €91,872 (-61.7%), from -€148,947 to -€240,819
- Trade debts -€56,389
down €56,389 (-56.1%), from €100,536 to €44,148
- Tax, wage and social debts +€49,368
up €49,368 (+24.6%), from €200,491 to €249,859
of which Remuneration and social security: +€35,171
- Other debts +€40,572
up €40,572 (+3,005%), from €1,350 to €41,922
- Debts after one year -€40,082
down €40,082 (-24.8%), from €161,631 to €121,549
- Staff costs -€87,845
down €87,845 (-22.0%), from €399,313 to €311,468
- Financial charges -€38,788
down €38,788 (-79.2%), from €48,958 to €10,169
- Depreciation -€36,811
down €36,811 (-35.7%), from €103,237 to €66,427
- Gross operating margin -€11,891
down €11,891 (-3.8%), from €316,378 to €304,487
- Other operating charges -€7,140
down €7,140 (-41.4%), from €17,265 to €10,124
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 | €464,333 | €341,740 | -€122,593 | -26.4% |
| Fixed assets | 21/28 | €294,259 | €228,892 | -€65,367 | -22.2% |
| Tangible fixed assets | 22/27 | €278,319 | €211,892 | -€66,427 | -23.9% |
| Plant, machinery and equipment | 23 | €52,335 | €26,220 | -€26,115 | -49.9% |
| Furniture and vehicles | 24 | €149,235 | €124,320 | -€24,915 | -16.7% |
| Other tangible fixed assets | 26 | €76,749 | €61,352 | -€15,396 | -20.1% |
| Financial fixed assets | 28 | €15,940 | €17,000 | +€1,060 | +6.6% |
| Current assets | 29/58 | €170,074 | €112,848 | -€57,226 | -33.6% |
| Stocks and contracts in progress | 3 | €9,078 | €9,484 | +€406 | +4.5% |
| Stocks | 30/36 | €9,078 | €9,484 | +€406 | +4.5% |
| Amounts receivable within one year | 40/41 | €118,777 | €69,734 | -€49,043 | -41.3% |
| Trade receivables | 40 | €5,740 | €480 | -€5,260 | -91.6% |
| Other amounts receivable | 41 | €113,037 | €69,254 | -€43,783 | -38.7% |
| Cash at bank and in hand | 54/58 | €40,569 | €28,515 | -€12,054 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,651 | €5,115 | +€3,464 | +210% |
| Total equity and liabilities | 10/49 | €464,333 | €341,740 | -€122,593 | -26.4% |
| Equity | 10/15 | -€63,947 | -€155,819 | -€91,872 | -144% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,947 | -€240,819 | -€91,872 | -61.7% |
| Amounts payable | 17/49 | €528,280 | €497,559 | -€30,722 | -5.8% |
| Amounts payable after more than one year | 17 | €161,631 | €121,549 | -€40,082 | -24.8% |
| Financial debts | 170/4 | €161,631 | €121,549 | -€40,082 | -24.8% |
| Amounts payable within one year | 42/48 | €366,649 | €376,010 | +€9,360 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €24,478 | €24,938 | +€461 | +1.9% |
| Financial debts | 43 | €39,794 | €15,143 | -€24,651 | -61.9% |
| Credit institutions | 430/8 | €39,794 | €15,143 | -€24,651 | -61.9% |
| Trade debts | 44 | €100,536 | €44,148 | -€56,389 | -56.1% |
| Suppliers | 440/4 | €100,536 | €44,148 | -€56,389 | -56.1% |
| Taxes, remuneration and social security | 45 | €200,491 | €249,859 | +€49,368 | +24.6% |
| Taxes | 450/3 | €19,776 | €33,972 | +€14,196 | +71.8% |
| Remuneration and social security | 454/9 | €180,715 | €215,887 | +€35,171 | +19.5% |
| Other amounts payable | 47/48 | €1,350 | €41,922 | +€40,572 | +3,005% |
| Remuneration, social security and pensions | 62 | €399,313 | €311,468 | -€87,845 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,237 | €66,427 | -€36,811 | -35.7% |
| Other operating charges | 640/8 | €17,265 | €10,124 | -€7,140 | -41.4% |
| Gross operating margin | 9900 | €316,378 | €304,487 | -€11,891 | -3.8% |
| Operating profit (loss) | 9901 | -€203,437 | -€83,532 | +€119,904 | +58.9% |
| Financial income | 75/76B | €2,645 | €1,830 | -€815 | -30.8% |
| Recurring financial income | 75 | €2,645 | €1,830 | -€815 | -30.8% |
| Financial charges | 65/66B | €48,958 | €10,169 | -€38,788 | -79.2% |
| Recurring financial charges | 65 | €48,958 | €10,169 | -€38,788 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€249,750 | -€91,872 | +€157,878 | +63.2% |
| Profit (loss) for the period | 9904 | -€249,750 | -€91,872 | +€157,878 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€249,750 | -€91,872 | +€157,878 | +63.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.