A.V.B.: 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.
A.V.B.
Largest movements
- Tangible fixed assets -€29,255
down €29,255 (-12.5%), from €234,407 to €205,152
- Receivables within one year -€23,866
down €23,866 (-71.9%), from €33,202 to €9,336
of which Trade receivables: -€20,188
- Cash +€7,296
up €7,296 (+22.0%), from €33,139 to €40,435
mainly Receivables within one year (+€23,866) and Depreciation (+€20,792)
- Deferred charges and accrued income +€5,788
up €5,788 (+47.8%), from €12,102 to €17,890
- Debts after one year -€34,298
down €34,298 (-19.5%), from €175,851 to €141,553
- Tax, wage and social debts -€7,398
down €7,398 (-99.5%), from €7,433 to €34
- Staff costs +€10,828
up €10,828 (+27.2%), from €39,750 to €50,577
- Gross operating margin +€4,563
up €4,563 (+5.3%), from €86,195 to €90,759
- Depreciation -€3,522
down €3,522 (-14.5%), from €24,314 to €20,792
- Financial charges -€2,905
down €2,905 (-33.3%), from €8,719 to €5,814
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 | €312,850 | €272,813 | -€40,037 | -12.8% |
| Fixed assets | 21/28 | €234,407 | €205,152 | -€29,255 | -12.5% |
| Tangible fixed assets | 22/27 | €234,407 | €205,152 | -€29,255 | -12.5% |
| Land and buildings | 22 | €154,108 | €148,554 | -€5,554 | -3.6% |
| Furniture and vehicles | 24 | €42,112 | €27,822 | -€14,289 | -33.9% |
| Leasing and similar rights | 25 | €38,187 | €28,775 | -€9,412 | -24.6% |
| Current assets | 29/58 | €78,443 | €67,661 | -€10,782 | -13.7% |
| Amounts receivable within one year | 40/41 | €33,202 | €9,336 | -€23,866 | -71.9% |
| Trade receivables | 40 | €20,188 | - | -€20,188 | |
| Other amounts receivable | 41 | €13,015 | €9,336 | -€3,679 | -28.3% |
| Cash at bank and in hand | 54/58 | €33,139 | €40,435 | +€7,296 | +22.0% |
| Deferred charges and accrued income | 490/1 | €12,102 | €17,890 | +€5,788 | +47.8% |
| Total equity and liabilities | 10/49 | €312,850 | €272,813 | -€40,037 | -12.8% |
| Equity | 10/15 | €89,532 | €91,814 | +€2,282 | +2.5% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €56,400 | €58,682 | +€2,282 | +4.0% |
| Distributable reserves | 133 | €56,400 | €58,682 | +€2,282 | +4.0% |
| Profit (loss) carried forward | 14 | €26,777 | €26,777 | = | 0.0% |
| Amounts payable | 17/49 | €223,318 | €180,999 | -€42,319 | -19.0% |
| Amounts payable after more than one year | 17 | €175,851 | €141,553 | -€34,298 | -19.5% |
| Financial debts | 170/4 | €175,851 | €141,553 | -€34,298 | -19.5% |
| Amounts payable within one year | 42/48 | €47,172 | €39,446 | -€7,726 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €37,278 | €34,298 | -€2,980 | -8.0% |
| Trade debts | 44 | €2,461 | €5,114 | +€2,652 | +107.8% |
| Suppliers | 440/4 | €2,461 | €5,114 | +€2,652 | +107.8% |
| Taxes, remuneration and social security | 45 | €7,433 | €34 | -€7,398 | -99.5% |
| Taxes | 450/3 | €7,433 | €34 | -€7,398 | -99.5% |
| Accrued charges and deferred income | 492/3 | €295 | - | -€295 | |
| Non-recurring operating income | 76A | €7,692 | - | -€7,692 | |
| Remuneration, social security and pensions | 62 | €39,750 | €50,577 | +€10,828 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,314 | €20,792 | -€3,522 | -14.5% |
| Other operating charges | 640/8 | €2,786 | €3,135 | +€349 | +12.5% |
| Non-recurring operating charges | 66A | €1,909 | €5,583 | +€3,674 | +192.5% |
| Gross operating margin | 9900 | €86,195 | €90,759 | +€4,563 | +5.3% |
| Operating profit (loss) | 9901 | €17,436 | €10,671 | -€6,765 | -38.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,719 | €5,814 | -€2,905 | -33.3% |
| Recurring financial charges | 65 | €8,719 | €5,814 | -€2,905 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €8,718 | €4,858 | -€3,860 | -44.3% |
| Income taxes | 67/77 | €2,859 | €2,576 | -€283 | -9.9% |
| Profit (loss) for the period | 9904 | €5,859 | €2,282 | -€3,577 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,859 | €2,282 | -€3,577 | -61.1% |
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 5 October 2026 via checked.be.