A.V.M. Exploiting: what changed
Two fiscal 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. Exploiting
Largest movements
- Receivables within one year +€20,852
up €20,852 (+25.6%), from €81,425 to €102,277
of which Trade receivables: +€23,831
- Tangible fixed assets -€15,204
down €15,204 (-9.0%), from €168,458 to €153,254
of which Furniture and vehicles: -€15,040
- Cash +€14,672
up €14,672 (+31.3%), from €46,834 to €61,506
mainly Depreciation (+€59,014) and Net result for the year (+€22,748)
- Profit (loss) carried forward +€22,748
up €22,748, from -€1,216 to €21,532
- Debts after one year -€8,893
down €8,893 (-7.1%), from €124,864 to €115,970
- Tax, wage and social debts +€4,086
up €4,086 (+31.1%), from €13,139 to €17,225
of which Remuneration and social security: +€2,359
- Gross operating margin +€102,956
up €102,956 (+23.4%), from €440,111 to €543,067
- Turnover +€78,303
up €78,303 (+10.7%), from €734,016 to €812,319
- Purchases and services -€24,653
down €24,653 (-8.4%), from €293,905 to €269,252
- Staff costs +€20,700
up €20,700 (+5.1%), from €407,817 to €428,517
- Depreciation +€12,655
up €12,655 (+27.3%), from €46,359 to €59,014
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 | €303,820 | €324,140 | +€20,320 | +6.7% |
| Fixed assets | 21/28 | €168,595 | €153,391 | -€15,204 | -9.0% |
| Tangible fixed assets | 22/27 | €168,458 | €153,254 | -€15,204 | -9.0% |
| Plant, machinery and equipment | 23 | €164 | - | -€164 | |
| Furniture and vehicles | 24 | €168,294 | €153,254 | -€15,040 | -8.9% |
| Financial fixed assets | 28 | €137 | €137 | = | 0.0% |
| Current assets | 29/58 | €135,225 | €170,749 | +€35,524 | +26.3% |
| Amounts receivable within one year | 40/41 | €81,425 | €102,277 | +€20,852 | +25.6% |
| Trade receivables | 40 | €76,449 | €100,280 | +€23,831 | +31.2% |
| Other amounts receivable | 41 | €4,976 | €1,998 | -€2,979 | -59.9% |
| Cash at bank and in hand | 54/58 | €46,834 | €61,506 | +€14,672 | +31.3% |
| Deferred charges and accrued income | 490/1 | €6,966 | €6,966 | = | 0.0% |
| Total equity and liabilities | 10/49 | €303,820 | €324,140 | +€20,320 | +6.7% |
| Equity | 10/15 | €19,235 | €41,983 | +€22,748 | +118.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,216 | €21,532 | +€22,748 | |
| Provisions and deferred taxes | 16 | €32,530 | €34,019 | +€1,489 | +4.6% |
| Provisions for liabilities and charges | 160/5 | €32,530 | €34,019 | +€1,489 | +4.6% |
| Other liabilities and charges | 164/5 | €32,530 | €34,019 | +€1,489 | +4.6% |
| Amounts payable | 17/49 | €252,055 | €248,138 | -€3,917 | -1.6% |
| Amounts payable after more than one year | 17 | €124,864 | €115,970 | -€8,893 | -7.1% |
| Financial debts | 170/4 | €124,864 | €115,970 | -€8,893 | -7.1% |
| Amounts payable within one year | 42/48 | €127,191 | €132,168 | +€4,976 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €45,734 | €48,856 | +€3,122 | +6.8% |
| Trade debts | 44 | €41,350 | €39,982 | -€1,368 | -3.3% |
| Suppliers | 440/4 | €41,350 | €39,982 | -€1,368 | -3.3% |
| Taxes, remuneration and social security | 45 | €13,139 | €17,225 | +€4,086 | +31.1% |
| Taxes | 450/3 | €5,554 | €7,281 | +€1,727 | +31.1% |
| Remuneration and social security | 454/9 | €7,585 | €9,944 | +€2,359 | +31.1% |
| Other amounts payable | 47/48 | €26,969 | €26,105 | -€863 | -3.2% |
| Turnover | 70 | €734,016 | €812,319 | +€78,303 | +10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €293,905 | €269,252 | -€24,653 | -8.4% |
| Remuneration, social security and pensions | 62 | €407,817 | €428,517 | +€20,700 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,359 | €59,014 | +€12,655 | +27.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,428 | €1,489 | -€2,939 | -66.4% |
| Other operating charges | 640/8 | €6,370 | €9,469 | +€3,099 | +48.7% |
| Gross operating margin | 9900 | €440,111 | €543,067 | +€102,956 | +23.4% |
| Operating profit (loss) | 9901 | -€24,862 | €44,578 | +€69,441 | |
| Financial charges | 65/66B | €10,829 | €12,338 | +€1,509 | +13.9% |
| Recurring financial charges | 65 | €10,829 | €12,338 | +€1,509 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,691 | €32,240 | +€67,931 | |
| Income taxes | 67/77 | - | €9,492 | +€9,492 | |
| Profit (loss) for the period | 9904 | -€35,691 | €22,748 | +€58,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,691 | €22,748 | +€58,439 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.