Ramazan Avsar: 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.
Ramazan Avsar
Largest movements
- Receivables within one year +€3,632
new in 2025: €3,632
- Stocks and contracts -€1,050
down €1,050 (-3.3%), from €32,101 to €31,051
- Cash +€1,038
up €1,038 (+5.0%), from €20,943 to €21,981
mainly Current portion of long-term debt (+€7,997) and Net result for the year (+€6,508)
- Debts after one year -€9,985
down €9,985 (-14.3%), from €69,926 to €59,940
- Current portion of long-term debt +€7,997
new in 2025: €7,997
- Tax, wage and social debts -€6,752
down €6,752 (-95.8%), from €7,048 to €297
- Profit (loss) carried forward +€6,508
up €6,508 (+13.6%), from -€47,686 to -€41,178
- Accrued charges and deferred income +€5,687
new in 2025: €5,687
- Purchases and services -€89,760
no longer reported in 2025 (was €89,760)
- Financial charges +€862
up €862 (+74.8%), from €1,153 to €2,014
- Gross operating margin -€556
down €556 (-5.5%), from €10,036 to €9,479
- Other operating charges -€366
down €366 (-32.7%), from €1,119 to €753
- Depreciation -€212
down €212 (-51.0%), from €415 to €204
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 | €53,248 | €56,664 | +€3,417 | +6.4% |
| Fixed assets | 21/28 | €204 | - | -€204 | |
| Tangible fixed assets | 22/27 | €204 | - | -€204 | |
| Plant, machinery and equipment | 23 | €204 | - | -€204 | |
| Current assets | 29/58 | €53,044 | €56,664 | +€3,620 | +6.8% |
| Stocks and contracts in progress | 3 | €32,101 | €31,051 | -€1,050 | -3.3% |
| Stocks | 30/36 | €32,101 | €31,051 | -€1,050 | -3.3% |
| Amounts receivable within one year | 40/41 | - | €3,632 | +€3,632 | |
| Trade receivables | 40 | - | €3,632 | +€3,632 | |
| Cash at bank and in hand | 54/58 | €20,943 | €21,981 | +€1,038 | +5.0% |
| Total equity and liabilities | 10/49 | €53,248 | €56,664 | +€3,417 | +6.4% |
| Equity | 10/15 | -€29,086 | -€22,578 | +€6,508 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,686 | -€41,178 | +€6,508 | +13.6% |
| Amounts payable | 17/49 | €82,334 | €79,242 | -€3,092 | -3.8% |
| Amounts payable after more than one year | 17 | €69,926 | €59,940 | -€9,985 | -14.3% |
| Financial debts | 170/4 | €69,926 | €59,940 | -€9,985 | -14.3% |
| Amounts payable within one year | 42/48 | €12,408 | €13,615 | +€1,207 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,997 | +€7,997 | |
| Trade debts | 44 | €5,294 | €4,785 | -€509 | -9.6% |
| Suppliers | 440/4 | €5,294 | €4,785 | -€509 | -9.6% |
| Taxes, remuneration and social security | 45 | €7,048 | €297 | -€6,752 | -95.8% |
| Taxes | 450/3 | €7,048 | €297 | -€6,752 | -95.8% |
| Other amounts payable | 47/48 | €66 | €537 | +€472 | +719% |
| Accrued charges and deferred income | 492/3 | - | €5,687 | +€5,687 | |
| Goods, raw materials, services and sundry goods | 60/61 | €89,760 | - | -€89,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €204 | -€212 | -51.0% |
| Other operating charges | 640/8 | €1,119 | €753 | -€366 | -32.7% |
| Gross operating margin | 9900 | €10,036 | €9,479 | -€556 | -5.5% |
| Operating profit (loss) | 9901 | €8,501 | €8,523 | +€21 | +0.3% |
| Financial charges | 65/66B | €1,153 | €2,014 | +€862 | +74.8% |
| Recurring financial charges | 65 | €1,153 | €2,014 | +€862 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €7,349 | €6,508 | -€841 | -11.4% |
| Profit (loss) for the period | 9904 | €7,349 | €6,508 | -€841 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,349 | €6,508 | -€841 | -11.4% |
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 1 November 2026 via checked.be.