A.V.L.EXPRESS: 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.EXPRESS
Largest movements
- Cash +€13,414
up €13,414 (+98.6%), from €13,607 to €27,021
mainly Net result for the year (+€14,112) and Other debts (+€11,021)
- Receivables within one year +€3,944
up €3,944 (+2.7%), from €143,897 to €147,841
- Deferred charges and accrued income +€2,928
new in 2025: €2,928
- Reserves +€14,112
up €14,112 (+12.2%), from €115,581 to €129,693
of which Distributable reserves: +€14,112
- Other debts +€11,021
up €11,021 (+153%), from €7,214 to €18,235
- Tax, wage and social debts -€9,006
down €9,006 (-59.6%), from €15,110 to €6,104
- Trade debts +€4,258
up €4,258 (+63.6%), from €6,700 to €10,958
- Gross operating margin -€14,273
down €14,273 (-34.5%), from €41,339 to €27,066
- Taxes -€6,839
down €6,839 (-53.8%), from €12,709 to €5,870
- Financial charges +€1,346
up €1,346 (+104%), from €1,294 to €2,640
- Other operating charges +€1,071
up €1,071 (+509%), from €210 to €1,282
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 | €164,409 | €184,799 | +€20,389 | +12.4% |
| Fixed assets | 21/28 | €6,905 | €7,010 | +€104 | +1.5% |
| Tangible fixed assets | 22/27 | €4,334 | €4,439 | +€104 | +2.4% |
| Plant, machinery and equipment | 23 | €1,875 | €938 | -€938 | -50.0% |
| Furniture and vehicles | 24 | €2,459 | €3,501 | +€1,042 | +42.4% |
| Financial fixed assets | 28 | €2,571 | €2,571 | = | 0.0% |
| Current assets | 29/58 | €157,504 | €177,789 | +€20,285 | +12.9% |
| Amounts receivable within one year | 40/41 | €143,897 | €147,841 | +€3,944 | +2.7% |
| Trade receivables | 40 | €143,897 | €147,841 | +€3,944 | +2.7% |
| Cash at bank and in hand | 54/58 | €13,607 | €27,021 | +€13,414 | +98.6% |
| Deferred charges and accrued income | 490/1 | - | €2,928 | +€2,928 | |
| Total equity and liabilities | 10/49 | €164,409 | €184,799 | +€20,389 | +12.4% |
| Equity | 10/15 | €135,309 | €149,421 | +€14,112 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,581 | €129,693 | +€14,112 | +12.2% |
| 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 | €113,721 | €127,833 | +€14,112 | +12.4% |
| Profit (loss) carried forward | 14 | €1,128 | €1,128 | = | 0.0% |
| Amounts payable | 17/49 | €29,101 | €35,378 | +€6,277 | +21.6% |
| Amounts payable within one year | 42/48 | €29,101 | €35,378 | +€6,277 | +21.6% |
| Financial debts | 43 | €77 | €81 | +€4 | +5.1% |
| Credit institutions | 430/8 | €77 | €81 | +€4 | +5.1% |
| Trade debts | 44 | €6,700 | €10,958 | +€4,258 | +63.6% |
| Suppliers | 440/4 | €6,700 | €10,958 | +€4,258 | +63.6% |
| Taxes, remuneration and social security | 45 | €15,110 | €6,104 | -€9,006 | -59.6% |
| Taxes | 450/3 | €15,110 | €6,104 | -€9,006 | -59.6% |
| Other amounts payable | 47/48 | €7,214 | €18,235 | +€11,021 | +153% |
| Remuneration, social security and pensions | 62 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,903 | €3,163 | +€260 | +9.0% |
| Other operating charges | 640/8 | €210 | €1,282 | +€1,071 | +509% |
| Gross operating margin | 9900 | €41,339 | €27,066 | -€14,273 | -34.5% |
| Operating profit (loss) | 9901 | €38,079 | €22,621 | -€15,458 | -40.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,294 | €2,640 | +€1,346 | +104% |
| Recurring financial charges | 65 | €1,294 | €2,640 | +€1,346 | +104% |
| Profit (loss) for the period before taxes | 9903 | €36,786 | €19,982 | -€16,804 | -45.7% |
| Income taxes | 67/77 | €12,709 | €5,870 | -€6,839 | -53.8% |
| Profit (loss) for the period | 9904 | €24,077 | €14,112 | -€9,965 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,077 | €14,112 | -€9,965 | -41.4% |
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.