A.V.M CONSTRUCT: 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.M CONSTRUCT
Largest movements
- Receivables within one year +€380,622
up €380,622 (+139.1%), from €273,658 to €654,280
of which Other amounts receivable: +€298,369
- Cash -€64,930
down €64,930 (-78.8%), from €82,449 to €17,519
mainly Receivables within one year (-€380,622) and Contributions, distributions and other (-€250,000)
- Stocks and contracts +€60,107
up €60,107 (+5.7%), from €1.0m to €1.1m
- Tangible fixed assets +€36,837
up €36,837 (+261.4%), from €14,090 to €50,927
of which Furniture and vehicles: +€27,309
- Profit (loss) carried forward -€248,377
down €248,377 (-26.9%), from €924,730 to €676,352
- Trade debts +€236,643
up €236,643 (+523.2%), from €45,228 to €281,871
- Current portion of long-term debt +€231,474
up €231,474 (+257.2%), from €90,000 to €321,474
- Other debts +€146,629
up €146,629 (+76.6%), from €191,492 to €338,121
- Debts after one year +€48,347
new in 2025: €48,347
of which Financial debts: +€27,347
- Staff costs +€62,538
up €62,538 (+99.4%), from €62,910 to €125,448
- Gross operating margin -€43,774
down €43,774 (-20.3%), from €215,856 to €172,082
- Depreciation +€21,808
up €21,808 (+3327.2%), from €655 to €22,463
- Other operating charges +€20,358
up €20,358 (+380.2%), from €5,354 to €25,713
- Taxes -€18,728
down €18,728 (-99.2%), from €18,888 to €160
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.
Cash bridge derived
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 | €1,441,429 | €1,850,760 | +€409,331 | +28.4% |
| Fixed assets | 21/28 | €14,169 | €61,695 | +€47,526 | +335.4% |
| Intangible fixed assets | 21 | - | €10,689 | +€10,689 | |
| Tangible fixed assets | 22/27 | €14,090 | €50,927 | +€36,837 | +261.4% |
| Plant, machinery and equipment | 23 | €7,995 | €3,995 | -€4,000 | -50.0% |
| Furniture and vehicles | 24 | €6,094 | €33,403 | +€27,309 | +448.1% |
| Other tangible fixed assets | 26 | - | €13,528 | +€13,528 | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €1,427,260 | €1,789,065 | +€361,805 | +25.3% |
| Stocks and contracts in progress | 3 | €1,049,952 | €1,110,059 | +€60,107 | +5.7% |
| Stocks | 30/36 | €1,049,952 | €1,110,059 | +€60,107 | +5.7% |
| Amounts receivable within one year | 40/41 | €273,658 | €654,280 | +€380,622 | +139.1% |
| Trade receivables | 40 | €254,189 | €336,442 | +€82,254 | +32.4% |
| Other amounts receivable | 41 | €19,469 | €317,837 | +€298,369 | +1532.5% |
| Cash at bank and in hand | 54/58 | €82,449 | €17,519 | -€64,930 | -78.8% |
| Deferred charges and accrued income | 490/1 | €21,201 | €7,207 | -€13,994 | -66.0% |
| Total equity and liabilities | 10/49 | €1,441,429 | €1,850,760 | +€409,331 | +28.4% |
| Equity | 10/15 | €1,084,367 | €835,989 | -€248,377 | -22.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €35,637 | €35,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €14,237 | €14,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | €924,730 | €676,352 | -€248,377 | -26.9% |
| Amounts payable | 17/49 | €357,062 | €1,014,771 | +€657,709 | +184.2% |
| Amounts payable after more than one year | 17 | - | €48,347 | +€48,347 | |
| Financial debts | 170/4 | - | €27,347 | +€27,347 | |
| Other amounts payable | 178/9 | - | €21,000 | +€21,000 | |
| Amounts payable within one year | 42/48 | €357,062 | €966,424 | +€609,362 | +170.7% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €321,474 | +€231,474 | +257.2% |
| Trade debts | 44 | €45,228 | €281,871 | +€236,643 | +523.2% |
| Suppliers | 440/4 | €45,228 | €281,871 | +€236,643 | +523.2% |
| Advances received on contracts in progress | 46 | €9,457 | €1,302 | -€8,154 | -86.2% |
| Taxes, remuneration and social security | 45 | €20,885 | €23,655 | +€2,771 | +13.3% |
| Taxes | 450/3 | €12,889 | €4,193 | -€8,696 | -67.5% |
| Remuneration and social security | 454/9 | €7,995 | €19,463 | +€11,467 | +143.4% |
| Other amounts payable | 47/48 | €191,492 | €338,121 | +€146,629 | +76.6% |
| Non-recurring operating income | 76A | €33,867 | €1,018 | -€32,849 | -97.0% |
| Remuneration, social security and pensions | 62 | €62,910 | €125,448 | +€62,538 | +99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €22,463 | +€21,808 | +3327.2% |
| Other operating charges | 640/8 | €5,354 | €25,713 | +€20,358 | +380.2% |
| Gross operating margin | 9900 | €215,856 | €172,082 | -€43,774 | -20.3% |
| Operating profit (loss) | 9901 | €146,936 | -€1,541 | -€148,478 | |
| Financial income | 75/76B | €11,039 | €15,101 | +€4,062 | +36.8% |
| Recurring financial income | 75 | €11,039 | €15,101 | +€4,062 | +36.8% |
| Financial charges | 65/66B | €8,623 | €11,777 | +€3,154 | +36.6% |
| Recurring financial charges | 65 | €8,623 | €11,777 | +€3,154 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €149,352 | €1,783 | -€147,569 | -98.8% |
| Income taxes | 67/77 | €18,888 | €160 | -€18,728 | -99.2% |
| Profit (loss) for the period | 9904 | €130,464 | €1,623 | -€128,841 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,464 | €1,623 | -€128,841 | -98.8% |
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 12 October 2026 via checked.be.