AVADO: 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.
AVADO
Largest movements
- Receivables within one year -€29,975
down €29,975 (-41.9%), from €71,567 to €41,592
of which Trade receivables: -€32,298
- Cash +€16,773
up €16,773 (+22.7%), from €73,738 to €90,511
mainly Net result for the year (+€63,834) and Receivables within one year (+€29,975)
- Tax, wage and social debts -€11,743
down €11,743 (-63.6%), from €18,466 to €6,723
of which Taxes: -€11,743
- Trade debts -€2,019
down €2,019 (-100.0%), from €2,019 to €0
- Gross operating margin -€3,877
down €3,877 (-4.4%), from €88,093 to €84,216
- Depreciation -€2,110
down €2,110 (-61.3%), from €3,444 to €1,334
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,575 | €133,258 | -€15,318 | -10.3% |
| Fixed assets | 21/28 | €2,488 | €1,154 | -€1,334 | -53.6% |
| Tangible fixed assets | 22/27 | €2,488 | €1,154 | -€1,334 | -53.6% |
| Furniture and vehicles | 24 | €2,488 | €1,154 | -€1,334 | -53.6% |
| Current assets | 29/58 | €146,087 | €132,103 | -€13,984 | -9.6% |
| Amounts receivable within one year | 40/41 | €71,567 | €41,592 | -€29,975 | -41.9% |
| Trade receivables | 40 | €69,815 | €37,517 | -€32,298 | -46.3% |
| Other amounts receivable | 41 | €1,752 | €4,075 | +€2,323 | +132.6% |
| Cash at bank and in hand | 54/58 | €73,738 | €90,511 | +€16,773 | +22.7% |
| Deferred charges and accrued income | 490/1 | €782 | €0 | -€782 | -100.0% |
| Total equity and liabilities | 10/49 | €148,575 | €133,258 | -€15,318 | -10.3% |
| Equity | 10/15 | €62,700 | €62,700 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,100 | €44,100 | = | 0.0% |
| Distributable reserves | 133 | €44,100 | €44,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,875 | €70,558 | -€15,318 | -17.8% |
| Amounts payable within one year | 42/48 | €85,625 | €70,558 | -€15,068 | -17.6% |
| Trade debts | 44 | €2,019 | €0 | -€2,019 | -100.0% |
| Suppliers | 440/4 | €2,019 | €0 | -€2,019 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,466 | €6,723 | -€11,743 | -63.6% |
| Taxes | 450/3 | €18,466 | €6,723 | -€11,743 | -63.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €65,140 | €63,834 | -€1,306 | -2.0% |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,444 | €1,334 | -€2,110 | -61.3% |
| Other operating charges | 640/8 | €1,219 | €1,054 | -€165 | -13.5% |
| Gross operating margin | 9900 | €88,093 | €84,216 | -€3,877 | -4.4% |
| Operating profit (loss) | 9901 | €83,430 | €81,829 | -€1,602 | -1.9% |
| Financial income | 75/76B | €110 | €155 | +€46 | +41.8% |
| Recurring financial income | 75 | €110 | €155 | +€46 | +41.8% |
| Financial charges | 65/66B | €132 | €131 | -€1 | -0.5% |
| Recurring financial charges | 65 | €132 | €131 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €83,408 | €81,853 | -€1,555 | -1.9% |
| Income taxes | 67/77 | €18,269 | €18,019 | -€250 | -1.4% |
| Profit (loss) for the period | 9904 | €65,140 | €63,834 | -€1,306 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,140 | €63,834 | -€1,306 | -2.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.