A.V.L.: 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.L.
Largest movements
- Cash -€9,249
down €9,249 (-5.0%), from €185,627 to €176,379
mainly Net result for the year (-€4,530) and Receivables within one year (-€2,660)
- Receivables within one year +€2,660
up €2,660 (+509%), from €523 to €3,182
of which Trade receivables: +€2,535
- Profit (loss) carried forward -€4,530
down €4,530 (-5.3%), from €85,100 to €80,571
- Other debts -€2,395
down €2,395 (-5.8%), from €41,058 to €38,663
- Gross operating margin -€1,974
down €1,974 (-67.3%), from -€2,931 to -€4,905
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 | €186,150 | €179,561 | -€6,589 | -3.5% |
| Current assets | 29/58 | €186,150 | €179,561 | -€6,589 | -3.5% |
| Amounts receivable within one year | 40/41 | €523 | €3,182 | +€2,660 | +509% |
| Trade receivables | 40 | - | €2,535 | +€2,535 | |
| Other amounts receivable | 41 | €523 | €648 | +€125 | +23.8% |
| Cash at bank and in hand | 54/58 | €185,627 | €176,379 | -€9,249 | -5.0% |
| Total equity and liabilities | 10/49 | €186,150 | €179,561 | -€6,589 | -3.5% |
| Equity | 10/15 | €95,017 | €90,487 | -€4,530 | -4.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €3,711 | €3,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,851 | €1,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,100 | €80,571 | -€4,530 | -5.3% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €41,133 | €39,074 | -€2,060 | -5.0% |
| Amounts payable within one year | 42/48 | €41,058 | €39,074 | -€1,984 | -4.8% |
| Trade debts | 44 | €0 | €411 | +€411 | |
| Suppliers | 440/4 | €0 | €411 | +€411 | |
| Other amounts payable | 47/48 | €41,058 | €38,663 | -€2,395 | -5.8% |
| Accrued charges and deferred income | 492/3 | €75 | €0 | -€75 | -100% |
| Other operating charges | 640/8 | €505 | €531 | +€26 | +5.1% |
| Gross operating margin | 9900 | -€2,931 | -€4,905 | -€1,974 | -67.3% |
| Operating profit (loss) | 9901 | -€3,437 | -€5,436 | -€2,000 | -58.2% |
| Financial income | 75/76B | €1,099 | €1,060 | -€39 | -3.6% |
| Recurring financial income | 75 | €1,099 | €1,060 | -€39 | -3.6% |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,489 | -€4,530 | -€2,040 | -82.0% |
| Profit (loss) for the period | 9904 | -€2,489 | -€4,530 | -€2,040 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,489 | -€4,530 | -€2,040 | -82.0% |
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 17 October 2026 via checked.be.