A.V.B.I.: 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.
A.V.B.I.
Largest movements
- Cash -€101,027
down €101,027 (-99.5%), from €101,523 to €496
mainly Short-term financial debts (-€500,000) and Debts after one year (-€9,360)
- Current investments -€92,209
down €92,209 (-99.4%), from €92,721 to €512
- Stocks and contracts -€89,480
down €89,480 (-100%), from €89,480 to €0
- Tangible fixed assets -€71,927
down €71,927 (-100%), from €71,927 to €0
of which Land and buildings: -€71,668
- Short-term financial debts -€500,000
down €500,000 (-100%), from €500,000 to €0
- Other debts +€131,604
up €131,604 (+210%), from €62,719 to €194,323
- Profit (loss) carried forward +€31,719
up €31,719 (+7.3%), from -€435,171 to -€403,451
- Debts after one year -€9,360
down €9,360 (-100%), from €9,360 to €0
- Current portion of long-term debt -€8,503
down €8,503 (-100%), from €8,503 to €0
- Gross operating margin +€206,467
up €206,467, from -€138,856 to €67,610
- Financial charges -€23,917
down €23,917 (-41.4%), from €57,781 to €33,864
- Financial income -€7,355
down €7,355 (-93.9%), from €7,831 to €476
- Depreciation -€5,435
no longer reported in 2025 (was €5,435)
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 | €391,616 | €37,034 | -€354,583 | -90.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €71,927 | €0 | -€71,927 | -100% |
| Tangible fixed assets | 22/27 | €71,927 | €0 | -€71,927 | -100% |
| Land and buildings | 22 | €71,668 | €0 | -€71,668 | -100% |
| Plant, machinery and equipment | 23 | €259 | €0 | -€259 | -100% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €319,689 | €37,034 | -€282,656 | -88.4% |
| Stocks and contracts in progress | 3 | €89,480 | €0 | -€89,480 | -100% |
| Stocks | 30/36 | €89,480 | €0 | -€89,480 | -100% |
| Amounts receivable within one year | 40/41 | €35,966 | €36,026 | +€60 | +0.2% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €35,966 | €36,026 | +€60 | +0.2% |
| Current investments | 50/53 | €92,721 | €512 | -€92,209 | -99.4% |
| Cash at bank and in hand | 54/58 | €101,523 | €496 | -€101,027 | -99.5% |
| Total equity and liabilities | 10/49 | €391,616 | €37,034 | -€354,583 | -90.5% |
| Equity | 10/15 | -€189,171 | -€157,451 | +€31,719 | +16.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €233,500 | €233,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €231,500 | €231,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€435,171 | -€403,451 | +€31,719 | +7.3% |
| Amounts payable | 17/49 | €580,787 | €194,485 | -€386,302 | -66.5% |
| Amounts payable after more than one year | 17 | €9,360 | €0 | -€9,360 | -100% |
| Financial debts | 170/4 | €9,360 | €0 | -€9,360 | -100% |
| Amounts payable within one year | 42/48 | €571,397 | €194,485 | -€376,912 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €8,503 | €0 | -€8,503 | -100% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100% |
| Trade debts | 44 | €43 | €0 | -€43 | -100% |
| Suppliers | 440/4 | €43 | €0 | -€43 | -100% |
| Taxes, remuneration and social security | 45 | €132 | €162 | +€30 | +22.9% |
| Taxes | 450/3 | €132 | €162 | +€30 | +22.9% |
| Other amounts payable | 47/48 | €62,719 | €194,323 | +€131,604 | +210% |
| Accrued charges and deferred income | 492/3 | €29 | €0 | -€29 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,435 | - | -€5,435 | |
| Other operating charges | 640/8 | €2,101 | €2,334 | +€233 | +11.1% |
| Gross operating margin | 9900 | -€138,856 | €67,610 | +€206,467 | |
| Operating profit (loss) | 9901 | -€146,392 | €65,277 | +€211,668 | |
| Financial income | 75/76B | €7,831 | €476 | -€7,355 | -93.9% |
| Recurring financial income | 75 | €7,831 | €476 | -€7,355 | -93.9% |
| Financial charges | 65/66B | €57,781 | €33,864 | -€23,917 | -41.4% |
| Recurring financial charges | 65 | €57,781 | €33,864 | -€23,917 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€196,342 | €31,889 | +€228,231 | |
| Income taxes | 67/77 | €310 | €170 | -€140 | -45.1% |
| Profit (loss) for the period | 9904 | -€196,651 | €31,719 | +€228,370 | |
| Profit (loss) for the period to be appropriated | 9905 | -€196,651 | €31,719 | +€228,370 |
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 19 October 2026 via checked.be.