AVISAT: what changed
AVISAT
Largest movements
- Receivables within one year -€6,766
down €6,766 (-57.3%), from €11,810 to €5,044
of which Trade receivables: -€7,066
- Tangible fixed assets -€1,645
down €1,645 (-35.1%), from €4,692 to €3,047
of which Other tangible fixed assets: -€1,645
- Cash -€982
down €982 (-32.6%), from €3,016 to €2,034
mainly Trade debts (-€18,504) and Tax, wage and social debts (-€870)
- Deferred charges and accrued income +€297
up €297 (+108%), from €275 to €572
- Trade debts -€18,504
down €18,504 (-74.6%), from €24,789 to €6,286
- Other debts +€8,857
up €8,857 (+7.7%), from €114,770 to €123,627
- Profit (loss) carried forward +€1,397
up €1,397 (+1.0%), from -€134,311 to -€132,914
- Tax, wage and social debts -€870
down €870 (-86.1%), from €1,011 to €141
- Staff costs -€12,487
no longer reported in 2025 (was €12,487)
- Gross operating margin -€11,032
down €11,032 (-68.0%), from €16,234 to €5,202
- Other operating charges -€956
down €956 (-43.1%), from €2,220 to €1,264
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,860 | €15,739 | -€9,121 | -36.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Tangible fixed assets | 22/27 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €4,692 | €3,047 | -€1,645 | -35.1% |
| Current assets | 29/58 | €20,168 | €12,692 | -€7,475 | -37.1% |
| Stocks and contracts in progress | 3 | €5,067 | €5,043 | -€24 | -0.5% |
| Stocks | 30/36 | €5,067 | €5,043 | -€24 | -0.5% |
| Amounts receivable within one year | 40/41 | €11,810 | €5,044 | -€6,766 | -57.3% |
| Trade receivables | 40 | €11,810 | €4,744 | -€7,066 | -59.8% |
| Other amounts receivable | 41 | - | €300 | +€300 | |
| Cash at bank and in hand | 54/58 | €3,016 | €2,034 | -€982 | -32.6% |
| Deferred charges and accrued income | 490/1 | €275 | €572 | +€297 | +108% |
| Total equity and liabilities | 10/49 | €24,860 | €15,739 | -€9,121 | -36.7% |
| Equity | 10/15 | -€115,711 | -€114,314 | +€1,397 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,311 | -€132,914 | +€1,397 | +1.0% |
| Amounts payable | 17/49 | €140,571 | €130,054 | -€10,517 | -7.5% |
| Amounts payable within one year | 42/48 | €140,571 | €130,054 | -€10,517 | -7.5% |
| Trade debts | 44 | €24,789 | €6,286 | -€18,504 | -74.6% |
| Suppliers | 440/4 | €24,789 | €6,286 | -€18,504 | -74.6% |
| Taxes, remuneration and social security | 45 | €1,011 | €141 | -€870 | -86.1% |
| Taxes | 450/3 | €1,011 | €141 | -€870 | -86.1% |
| Other amounts payable | 47/48 | €114,770 | €123,627 | +€8,857 | +7.7% |
| Remuneration, social security and pensions | 62 | €12,487 | - | -€12,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €1,645 | = | 0.0% |
| Other operating charges | 640/8 | €2,220 | €1,264 | -€956 | -43.1% |
| Gross operating margin | 9900 | €16,234 | €5,202 | -€11,032 | -68.0% |
| Operating profit (loss) | 9901 | -€118 | €2,293 | +€2,410 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €779 | €726 | -€53 | -6.9% |
| Recurring financial charges | 65 | €779 | €726 | -€53 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€894 | €1,567 | +€2,461 | |
| Income taxes | 67/77 | €130 | €170 | +€41 | +31.6% |
| Profit (loss) for the period | 9904 | -€1,023 | €1,397 | +€2,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,023 | €1,397 | +€2,420 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.