SMALL AVENUE: 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.
SMALL AVENUE
Largest movements
- Receivables within one year -€47,019
down €47,019 (-98.7%), from €47,618 to €599
- Cash -€10,983
down €10,983 (-17.7%), from €61,973 to €50,990
mainly Net result for the year (-€52,536) and Contributions, distributions and other (-€25,000)
- Tangible fixed assets -€2,469
down €2,469 (-64.9%), from €3,803 to €1,333
of which Furniture and vehicles: -€1,680
- Profit (loss) carried forward -€52,536
down €52,536, from €14,433 to -€38,104
- Other debts +€26,160
up €26,160 (+724%), from €3,615 to €29,775
- Reserves -€25,000
down €25,000 (-40.0%), from €62,500 to €37,500
- Tax, wage and social debts -€9,502
down €9,502 (-64.4%), from €14,746 to €5,244
- Gross operating margin -€67,887
down €67,887, from €19,420 to -€48,467
- Taxes -€4,423
down €4,423 (-90.7%), from €4,874 to €451
- Depreciation -€708
down €708 (-22.3%), from €3,177 to €2,469
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 | €114,389 | €54,355 | -€60,034 | -52.5% |
| Fixed assets | 21/28 | €3,876 | €1,407 | -€2,469 | -63.7% |
| Tangible fixed assets | 22/27 | €3,803 | €1,333 | -€2,469 | -64.9% |
| Plant, machinery and equipment | 23 | €1,107 | €318 | -€789 | -71.3% |
| Furniture and vehicles | 24 | €2,695 | €1,016 | -€1,680 | -62.3% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €110,513 | €52,948 | -€57,565 | -52.1% |
| Amounts receivable within one year | 40/41 | €47,618 | €599 | -€47,019 | -98.7% |
| Trade receivables | 40 | €47,618 | €599 | -€47,019 | -98.7% |
| Cash at bank and in hand | 54/58 | €61,973 | €50,990 | -€10,983 | -17.7% |
| Deferred charges and accrued income | 490/1 | €922 | €1,359 | +€438 | +47.5% |
| Total equity and liabilities | 10/49 | €114,389 | €54,355 | -€60,034 | -52.5% |
| Equity | 10/15 | €95,533 | €17,996 | -€77,536 | -81.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,500 | €37,500 | -€25,000 | -40.0% |
| Distributable reserves | 133 | €62,500 | €37,500 | -€25,000 | -40.0% |
| Profit (loss) carried forward | 14 | €14,433 | -€38,104 | -€52,536 | |
| Amounts payable | 17/49 | €18,857 | €36,359 | +€17,502 | +92.8% |
| Amounts payable within one year | 42/48 | €18,857 | €36,359 | +€17,502 | +92.8% |
| Trade debts | 44 | €496 | €1,340 | +€845 | +170% |
| Suppliers | 440/4 | €496 | €1,340 | +€845 | +170% |
| Taxes, remuneration and social security | 45 | €14,746 | €5,244 | -€9,502 | -64.4% |
| Taxes | 450/3 | €14,746 | €5,244 | -€9,502 | -64.4% |
| Other amounts payable | 47/48 | €3,615 | €29,775 | +€26,160 | +724% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,177 | €2,469 | -€708 | -22.3% |
| Other operating charges | 640/8 | €1,188 | €1,232 | +€44 | +3.7% |
| Gross operating margin | 9900 | €19,420 | -€48,467 | -€67,887 | |
| Operating profit (loss) | 9901 | €15,056 | -€52,168 | -€67,224 | |
| Financial income | 75/76B | €394 | €395 | +€1 | +0.2% |
| Recurring financial income | 75 | €394 | €395 | +€1 | +0.2% |
| Financial charges | 65/66B | €236 | €312 | +€75 | +31.8% |
| Recurring financial charges | 65 | €236 | €312 | +€75 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €15,213 | -€52,085 | -€67,298 | |
| Income taxes | 67/77 | €4,874 | €451 | -€4,423 | -90.7% |
| Profit (loss) for the period | 9904 | €10,339 | -€52,536 | -€62,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,339 | -€52,536 | -€62,875 |
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 18 October 2026 via checked.be.