AVITAN: 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.
AVITAN
Largest movements
- Tangible fixed assets +€838,461
up €838,461 (+32.2%), from €2.6m to €3.4m
of which Land and buildings: +€787,205
- Cash +€707,790
up €707,790 (+819%), from €86,420 to €794,210
mainly Net result for the year (+€1.4m) and Debts after one year (+€708,261)
- Financial fixed assets -€400,000
no longer reported in 2025 (was €400,000)
- Receivables after one year +€397,325
up €397,325 (+260%), from €152,675 to €550,000
- Receivables within one year -€161,449
down €161,449 (-55.4%), from €291,530 to €130,081
of which Other amounts receivable: -€187,389
- Profit (loss) carried forward +€1.4m
up €1.4m (+984%), from €139,681 to €1.5m
- Debts after one year +€708,261
up €708,261 (+33.2%), from €2.1m to €2.8m
- Other debts -€508,922
down €508,922 (-99.0%), from €513,922 to €5,000
- Current portion of long-term debt -€141,756
down €141,756 (-55.1%), from €257,122 to €115,366
- Financial income +€1.3m
up €1.3m (+34,191%), from €3,935 to €1.3m
- Gross operating margin +€142,096
up €142,096 (+133%), from €106,450 to €248,545
- Financial charges +€72,389
up €72,389 (+310%), from €23,378 to €95,767
- Depreciation +€72,297
up €72,297 (+305%), from €23,718 to €96,015
- Staff costs +€21,128
new in 2025: €21,128
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 | €3,547,254 | €4,932,131 | +€1.4m | +39.0% |
| Fixed assets | 21/28 | €3,005,102 | €3,443,563 | +€438,461 | +14.6% |
| Tangible fixed assets | 22/27 | €2,605,102 | €3,443,563 | +€838,461 | +32.2% |
| Land and buildings | 22 | €2,594,695 | €3,381,900 | +€787,205 | +30.3% |
| Plant, machinery and equipment | 23 | €6,131 | €25,258 | +€19,127 | +312% |
| Furniture and vehicles | 24 | €805 | €33,446 | +€32,641 | +4,055% |
| Other tangible fixed assets | 26 | €3,470 | €2,958 | -€513 | -14.8% |
| Financial fixed assets | 28 | €400,000 | - | -€400,000 | |
| Current assets | 29/58 | €542,152 | €1,488,569 | +€946,416 | +175% |
| Amounts receivable after more than one year | 29 | €152,675 | €550,000 | +€397,325 | +260% |
| Other amounts receivable | 291 | €152,675 | €550,000 | +€397,325 | +260% |
| Amounts receivable within one year | 40/41 | €291,530 | €130,081 | -€161,449 | -55.4% |
| Trade receivables | 40 | €19,053 | €44,992 | +€25,940 | +136% |
| Other amounts receivable | 41 | €272,477 | €85,089 | -€187,389 | -68.8% |
| Cash at bank and in hand | 54/58 | €86,420 | €794,210 | +€707,790 | +819% |
| Deferred charges and accrued income | 490/1 | €11,528 | €14,278 | +€2,750 | +23.9% |
| Total equity and liabilities | 10/49 | €3,547,254 | €4,932,131 | +€1.4m | +39.0% |
| Equity | 10/15 | €583,047 | €1,956,841 | +€1.4m | +236% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424,766 | €424,766 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | - | -€84,200 | |
| Distributable reserves | 133 | €340,566 | €424,766 | +€84,200 | +24.7% |
| Profit (loss) carried forward | 14 | €139,681 | €1,513,475 | +€1.4m | +984% |
| Amounts payable | 17/49 | €2,964,207 | €2,975,291 | +€11,084 | +0.4% |
| Amounts payable after more than one year | 17 | €2,134,030 | €2,842,292 | +€708,261 | +33.2% |
| Financial debts | 170/4 | €2,134,030 | €2,842,292 | +€708,261 | +33.2% |
| Amounts payable within one year | 42/48 | €825,147 | €131,834 | -€693,313 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €257,122 | €115,366 | -€141,756 | -55.1% |
| Trade debts | 44 | €36,578 | €4,614 | -€31,964 | -87.4% |
| Suppliers | 440/4 | €36,578 | €4,614 | -€31,964 | -87.4% |
| Taxes, remuneration and social security | 45 | €17,526 | €6,855 | -€10,671 | -60.9% |
| Taxes | 450/3 | €17,076 | €864 | -€16,212 | -94.9% |
| Remuneration and social security | 454/9 | €450 | €5,991 | +€5,541 | +1,231% |
| Other amounts payable | 47/48 | €513,922 | €5,000 | -€508,922 | -99.0% |
| Accrued charges and deferred income | 492/3 | €5,029 | €1,165 | -€3,864 | -76.8% |
| Remuneration, social security and pensions | 62 | - | €21,128 | +€21,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,718 | €96,015 | +€72,297 | +305% |
| Other operating charges | 640/8 | €3,443 | €6,150 | +€2,707 | +78.6% |
| Non-recurring operating charges | 66A | €1,865 | - | -€1,865 | |
| Gross operating margin | 9900 | €106,450 | €248,545 | +€142,096 | +133% |
| Operating profit (loss) | 9901 | €77,424 | €125,252 | +€47,828 | +61.8% |
| Financial income | 75/76B | €3,935 | €1,349,518 | +€1.3m | +34,191% |
| Recurring financial income | 75 | €3,935 | €1,349,518 | +€1.3m | +34,191% |
| Financial charges | 65/66B | €23,378 | €95,767 | +€72,389 | +310% |
| Recurring financial charges | 65 | €23,378 | €95,767 | +€72,389 | +310% |
| Profit (loss) for the period before taxes | 9903 | €57,982 | €1,379,004 | +€1.3m | +2,278% |
| Income taxes | 67/77 | €17,076 | €210 | -€16,865 | -98.8% |
| Profit (loss) for the period | 9904 | €40,906 | €1,378,794 | +€1.3m | +3,271% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,906 | €1,462,994 | +€1.4m | +3,476% |
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 15 October 2026 via checked.be.