A.V.D.D.: 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.D.D.
Largest movements
- Cash -€36,712
down €36,712 (-36.5%), from €100,613 to €63,901
mainly Contributions, distributions and other (-€42,700) and Investment in fixed assets (net) (-€17,220)
- Tangible fixed assets -€10,559
down €10,559 (-8.7%), from €120,699 to €110,139
of which Furniture and vehicles: -€19,377
- Reserves -€39,754
down €39,754 (-28.0%), from €141,836 to €102,082
of which Distributable reserves: -€39,754
- Debts after one year -€11,704
down €11,704 (-26.1%), from €44,888 to €33,184
of which Financial debts: -€11,704
- Gross operating margin -€14,545
down €14,545 (-28.0%), from €52,031 to €37,486
- Depreciation -€9,142
down €9,142 (-24.8%), from €36,921 to €27,779
- Other operating charges -€3,930
down €3,930 (-49.8%), from €7,893 to €3,963
- Financial charges -€1,148
down €1,148 (-47.2%), from €2,435 to €1,287
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 | €223,222 | €176,011 | -€47,212 | -21.2% |
| Fixed assets | 21/28 | €120,699 | €110,139 | -€10,559 | -8.7% |
| Tangible fixed assets | 22/27 | €120,699 | €110,139 | -€10,559 | -8.7% |
| Land and buildings | 22 | €53,428 | €62,407 | +€8,979 | +16.8% |
| Plant, machinery and equipment | 23 | €1,361 | €1,199 | -€161 | -11.9% |
| Furniture and vehicles | 24 | €65,910 | €46,533 | -€19,377 | -29.4% |
| Current assets | 29/58 | €102,524 | €65,872 | -€36,652 | -35.7% |
| Cash at bank and in hand | 54/58 | €100,613 | €63,901 | -€36,712 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,911 | €1,971 | +€60 | +3.1% |
| Total equity and liabilities | 10/49 | €223,222 | €176,011 | -€47,212 | -21.2% |
| Equity | 10/15 | €160,428 | €120,674 | -€39,754 | -24.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €141,836 | €102,082 | -€39,754 | -28.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €139,977 | €100,222 | -€39,754 | -28.4% |
| Amounts payable | 17/49 | €62,794 | €55,337 | -€7,457 | -11.9% |
| Amounts payable after more than one year | 17 | €44,888 | €33,184 | -€11,704 | -26.1% |
| Financial debts | 170/4 | €40,160 | €28,456 | -€11,704 | -29.1% |
| Other amounts payable | 178/9 | €4,728 | €4,728 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,429 | €21,666 | +€4,237 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €11,420 | €11,704 | +€284 | +2.5% |
| Trade debts | 44 | €303 | €2,053 | +€1,750 | +579% |
| Suppliers | 440/4 | €303 | €2,053 | +€1,750 | +579% |
| Taxes, remuneration and social security | 45 | €1,464 | €2,979 | +€1,515 | +104% |
| Taxes | 450/3 | €1,464 | €2,979 | +€1,515 | +104% |
| Other amounts payable | 47/48 | €4,243 | €4,930 | +€687 | +16.2% |
| Accrued charges and deferred income | 492/3 | €477 | €487 | +€11 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,921 | €27,779 | -€9,142 | -24.8% |
| Other operating charges | 640/8 | €7,893 | €3,963 | -€3,930 | -49.8% |
| Gross operating margin | 9900 | €52,031 | €37,486 | -€14,545 | -28.0% |
| Operating profit (loss) | 9901 | €7,216 | €5,743 | -€1,473 | -20.4% |
| Financial income | 75/76B | €40 | €7 | -€33 | -82.5% |
| Recurring financial income | 75 | €40 | €7 | -€33 | -82.5% |
| Financial charges | 65/66B | €2,435 | €1,287 | -€1,148 | -47.2% |
| Recurring financial charges | 65 | €2,435 | €1,287 | -€1,148 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €4,821 | €4,463 | -€358 | -7.4% |
| Income taxes | 67/77 | €1,476 | €1,517 | +€42 | +2.8% |
| Profit (loss) for the period | 9904 | €3,346 | €2,946 | -€400 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,346 | €2,946 | -€400 | -12.0% |
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 14 October 2026 via checked.be.