A.V.L.-IMMO: 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.-IMMO
Largest movements
- Tangible fixed assets -€32,642
down €32,642 (-40.9%), from €79,827 to €47,186
of which Land and buildings: -€32,209
- Receivables within one year -€25,375
down €25,375 (-14.4%), from €176,579 to €151,204
- Other debts -€59,677
down €59,677 (-45.4%), from €131,543 to €71,866
- Tax, wage and social debts +€6,393
up €6,393 (+14.8%), from €43,305 to €49,698
- Reserves -€4,336
down €4,336 (-18.9%), from €22,999 to €18,663
of which Distributable reserves: -€4,336
- Trade debts +€2,939
new in 2025: €2,939
- Gross operating margin -€100,878
down €100,878 (-52.3%), from €192,776 to €91,898
- Taxes -€26,824
down €26,824 (-62.6%), from €42,833 to €16,009
- Depreciation -€4,635
down €4,635 (-12.4%), from €37,277 to €32,642
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 | €263,231 | €208,640 | -€54,591 | -20.7% |
| Fixed assets | 21/28 | €79,827 | €47,186 | -€32,642 | -40.9% |
| Tangible fixed assets | 22/27 | €79,827 | €47,186 | -€32,642 | -40.9% |
| Land and buildings | 22 | €78,529 | €46,320 | -€32,209 | -41.0% |
| Plant, machinery and equipment | 23 | €549 | €366 | -€183 | -33.3% |
| Furniture and vehicles | 24 | €750 | €500 | -€250 | -33.3% |
| Current assets | 29/58 | €183,404 | €161,454 | -€21,949 | -12.0% |
| Stocks and contracts in progress | 3 | €2,326 | €1,070 | -€1,256 | -54.0% |
| Stocks | 30/36 | €2,326 | €1,070 | -€1,256 | -54.0% |
| Amounts receivable within one year | 40/41 | €176,579 | €151,204 | -€25,375 | -14.4% |
| Other amounts receivable | 41 | €176,579 | €151,204 | -€25,375 | -14.4% |
| Cash at bank and in hand | 54/58 | €3,646 | €6,246 | +€2,600 | +71.3% |
| Deferred charges and accrued income | 490/1 | €853 | €2,934 | +€2,082 | +244% |
| Total equity and liabilities | 10/49 | €263,231 | €208,640 | -€54,591 | -20.7% |
| Equity | 10/15 | €84,973 | €80,637 | -€4,336 | -5.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €22,999 | €18,663 | -€4,336 | -18.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €16,802 | €12,466 | -€4,336 | -25.8% |
| Amounts payable | 17/49 | €178,258 | €128,003 | -€50,255 | -28.2% |
| Amounts payable within one year | 42/48 | €174,848 | €124,503 | -€50,345 | -28.8% |
| Trade debts | 44 | - | €2,939 | +€2,939 | |
| Suppliers | 440/4 | - | €2,939 | +€2,939 | |
| Taxes, remuneration and social security | 45 | €43,305 | €49,698 | +€6,393 | +14.8% |
| Taxes | 450/3 | €43,305 | €49,698 | +€6,393 | +14.8% |
| Other amounts payable | 47/48 | €131,543 | €71,866 | -€59,677 | -45.4% |
| Accrued charges and deferred income | 492/3 | €3,410 | €3,500 | +€90 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,277 | €32,642 | -€4,635 | -12.4% |
| Gross operating margin | 9900 | €192,776 | €91,898 | -€100,878 | -52.3% |
| Operating profit (loss) | 9901 | €155,499 | €59,257 | -€96,243 | -61.9% |
| Financial income | 75/76B | €2,005 | €2,740 | +€734 | +36.6% |
| Recurring financial income | 75 | €2,005 | €2,740 | +€734 | +36.6% |
| Financial charges | 65/66B | €320 | €323 | +€3 | +1.0% |
| Recurring financial charges | 65 | €320 | €323 | +€3 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €157,185 | €61,673 | -€95,512 | -60.8% |
| Income taxes | 67/77 | €42,833 | €16,009 | -€26,824 | -62.6% |
| Profit (loss) for the period | 9904 | €114,352 | €45,664 | -€68,688 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €114,352 | €45,664 | -€68,688 | -60.1% |
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 29 October 2026 via checked.be.