Van Avodar: 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.
Van Avodar
Largest movements
- Cash +€1.3m
up €1.3m (+296.6%), from €454,036 to €1.8m
mainly Other debts (+€1.4m) and Receivables within one year (+€933,598)
- Receivables within one year -€933,598
down €933,598 (-83.8%), from €1.1m to €180,111
of which Trade receivables: -€933,129
- Other debts +€1.4m
up €1.4m (+275.4%), from €509,912 to €1.9m
- Profit (loss) carried forward -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Tax, wage and social debts +€24,917
up €24,917 (+101.3%), from €24,588 to €49,504
- Other operating charges +€24,575
up €24,575 (+2540.0%), from €968 to €25,543
- Gross operating margin +€23,409
up €23,409 (+2.5%), from €930,968 to €954,378
- Financial charges -€16,521
down €16,521 (-88.7%), from €18,619 to €2,098
- Financial income +€13,753
new in 2025: €13,753
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 | €1,578,335 | €1,987,497 | +€409,162 | +25.9% |
| Fixed assets | 21/28 | €3,985 | €6,193 | +€2,209 | +55.4% |
| Intangible fixed assets | 21 | €3,985 | €3,175 | -€809 | -20.3% |
| Tangible fixed assets | 22/27 | - | €3,018 | +€3,018 | |
| Furniture and vehicles | 24 | - | €3,018 | +€3,018 | |
| Current assets | 29/58 | €1,574,351 | €1,981,304 | +€406,953 | +25.8% |
| Amounts receivable within one year | 40/41 | €1,113,709 | €180,111 | -€933,598 | -83.8% |
| Trade receivables | 40 | €1,113,240 | €180,111 | -€933,129 | -83.8% |
| Other amounts receivable | 41 | €469 | €0 | -€469 | -100.0% |
| Cash at bank and in hand | 54/58 | €454,036 | €1,800,836 | +€1.3m | +296.6% |
| Deferred charges and accrued income | 490/1 | €6,606 | €358 | -€6,249 | -94.6% |
| Total equity and liabilities | 10/49 | €1,578,335 | €1,987,497 | +€409,162 | +25.9% |
| Equity | 10/15 | €1,023,372 | €20,171 | -€1.0m | -98.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,571 | €1,571 | = | 0.0% |
| Distributable reserves | 133 | €1,571 | €1,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,003,201 | €0 | -€1.0m | -100.0% |
| Amounts payable | 17/49 | €554,964 | €1,967,326 | +€1.4m | +254.5% |
| Amounts payable within one year | 42/48 | €536,399 | €1,965,284 | +€1.4m | +266.4% |
| Financial debts | 43 | €763 | €0 | -€763 | -100.0% |
| Credit institutions | 430/8 | €763 | €0 | -€763 | -100.0% |
| Trade debts | 44 | €1,136 | €1,376 | +€240 | +21.2% |
| Suppliers | 440/4 | €1,136 | €1,376 | +€240 | +21.2% |
| Taxes, remuneration and social security | 45 | €24,588 | €49,504 | +€24,917 | +101.3% |
| Taxes | 450/3 | €24,588 | €49,504 | +€24,917 | +101.3% |
| Other amounts payable | 47/48 | €509,912 | €1,914,403 | +€1.4m | +275.4% |
| Accrued charges and deferred income | 492/3 | €18,565 | €2,042 | -€16,523 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62 | €1,091 | +€1,029 | +1657.8% |
| Other operating charges | 640/8 | €968 | €25,543 | +€24,575 | +2540.0% |
| Gross operating margin | 9900 | €930,968 | €954,378 | +€23,409 | +2.5% |
| Operating profit (loss) | 9901 | €929,939 | €927,744 | -€2,195 | -0.2% |
| Financial income | 75/76B | - | €13,753 | +€13,753 | |
| Recurring financial income | 75 | - | €13,753 | +€13,753 | |
| Financial charges | 65/66B | €18,619 | €2,098 | -€16,521 | -88.7% |
| Recurring financial charges | 65 | €18,619 | €2,098 | -€16,521 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €911,320 | €939,398 | +€28,079 | +3.1% |
| Income taxes | 67/77 | €224,576 | €231,512 | +€6,936 | +3.1% |
| Profit (loss) for the period | 9904 | €686,743 | €707,886 | +€21,142 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €686,743 | €707,886 | +€21,142 | +3.1% |
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 30 September 2026 via checked.be.