AVANTIX: 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.
AVANTIX
Largest movements
- Cash -€115,857
down €115,857 (-54.2%), from €213,698 to €97,841
mainly Investment in fixed assets (net) (-€68,707) and Receivables within one year (-€27,546)
- Financial fixed assets +€57,104
up €57,104 (+44,229%), from €129 to €57,233
- Receivables within one year +€27,546
up €27,546 (+15.8%), from €174,209 to €201,754
of which Other amounts receivable: +€31,200
- Tangible fixed assets -€18,820
down €18,820 (-3.3%), from €574,970 to €556,150
of which Other tangible fixed assets: -€15,570
- Reserves -€17,464
down €17,464 (-3.0%), from €581,843 to €564,379
of which Tax-exempt reserves: -€63,150
- Debts after one year -€16,568
down €16,568 (-6.1%), from €270,895 to €254,327
of which Financial debts: -€16,568
- Other debts -€10,562
down €10,562 (-100%), from €10,562 to €0
- Gross operating margin -€9,301
down €9,301 (-29.5%), from €31,497 to €22,196
- Financial charges -€1,852
down €1,852 (-22.9%), from €8,097 to €6,245
- Taxes -€589
down €589 (-59.0%), from €998 to €409
- Financial income +€367
up €367 (+40.9%), from €897 to €1,264
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 | €974,097 | €924,286 | -€49,811 | -5.1% |
| Fixed assets | 21/28 | €575,099 | €613,384 | +€38,285 | +6.7% |
| Tangible fixed assets | 22/27 | €574,970 | €556,150 | -€18,820 | -3.3% |
| Land and buildings | 22 | €15,470 | €13,519 | -€1,951 | -12.6% |
| Plant, machinery and equipment | 23 | €6,150 | €7,487 | +€1,337 | +21.7% |
| Furniture and vehicles | 24 | €40,797 | €38,161 | -€2,636 | -6.5% |
| Other tangible fixed assets | 26 | €512,553 | €496,983 | -€15,570 | -3.0% |
| Financial fixed assets | 28 | €129 | €57,233 | +€57,104 | +44,229% |
| Current assets | 29/58 | €398,998 | €310,902 | -€88,096 | -22.1% |
| Stocks and contracts in progress | 3 | €6,056 | €6,056 | = | 0.0% |
| Stocks | 30/36 | €6,056 | €6,056 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €174,209 | €201,754 | +€27,546 | +15.8% |
| Trade receivables | 40 | €105,391 | €101,737 | -€3,654 | -3.5% |
| Other amounts receivable | 41 | €68,818 | €100,018 | +€31,200 | +45.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €213,698 | €97,841 | -€115,857 | -54.2% |
| Deferred charges and accrued income | 490/1 | €5,035 | €5,250 | +€215 | +4.3% |
| Total equity and liabilities | 10/49 | €974,097 | €924,286 | -€49,811 | -5.1% |
| Equity | 10/15 | €588,043 | €570,579 | -€17,464 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €581,843 | €564,379 | -€17,464 | -3.0% |
| Tax-exempt reserves | 132 | €105,250 | €42,100 | -€63,150 | -60.0% |
| Distributable reserves | 133 | €476,593 | €522,279 | +€45,686 | +9.6% |
| Provisions and deferred taxes | 16 | €73,300 | €73,300 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €73,300 | €73,300 | = | 0.0% |
| Pensions and similar obligations | 160 | €73,300 | €73,300 | = | 0.0% |
| Amounts payable | 17/49 | €312,754 | €280,406 | -€32,348 | -10.3% |
| Amounts payable after more than one year | 17 | €270,895 | €254,327 | -€16,568 | -6.1% |
| Financial debts | 170/4 | €269,993 | €253,425 | -€16,568 | -6.1% |
| Other amounts payable | 178/9 | €902 | €902 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,867 | €26,046 | -€14,821 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €16,376 | €16,568 | +€192 | +1.2% |
| Trade debts | 44 | €2,145 | €3,952 | +€1,808 | +84.3% |
| Suppliers | 440/4 | €2,145 | €3,952 | +€1,808 | +84.3% |
| Taxes, remuneration and social security | 45 | €11,784 | €5,525 | -€6,259 | -53.1% |
| Taxes | 450/3 | €2,784 | €5,525 | +€2,741 | +98.4% |
| Remuneration and social security | 454/9 | €9,000 | €0 | -€9,000 | -100% |
| Other amounts payable | 47/48 | €10,562 | €0 | -€10,562 | -100% |
| Accrued charges and deferred income | 492/3 | €991 | €33 | -€958 | -96.6% |
| Non-recurring operating income | 76A | - | €152 | +€152 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,225 | €30,422 | +€197 | +0.7% |
| Other operating charges | 640/8 | €3,690 | €3,848 | +€158 | +4.3% |
| Gross operating margin | 9900 | €31,497 | €22,196 | -€9,301 | -29.5% |
| Operating profit (loss) | 9901 | -€2,417 | -€12,074 | -€9,657 | -400% |
| Financial income | 75/76B | €897 | €1,264 | +€367 | +40.9% |
| Recurring financial income | 75 | €897 | €1,264 | +€367 | +40.9% |
| Financial charges | 65/66B | €8,097 | €6,245 | -€1,852 | -22.9% |
| Recurring financial charges | 65 | €8,097 | €6,245 | -€1,852 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,617 | -€17,055 | -€7,438 | -77.3% |
| Income taxes | 67/77 | €998 | €409 | -€589 | -59.0% |
| Profit (loss) for the period | 9904 | -€10,615 | -€17,464 | -€6,849 | -64.5% |
| Transfer from tax-exempt reserves | 789 | €0 | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,615 | €45,686 | +€56,301 |
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 23 October 2026 via checked.be.