A.V.V.O.: 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.V.O.
Largest movements
- Cash +€30,593
up €30,593 (+8.8%), from €347,163 to €377,756
mainly Other debts (+€353,520) and Net result for the year (+€57,095)
- Other debts +€353,520
up €353,520 (+9,685%), from €3,650 to €357,170
- Profit (loss) carried forward -€234,069
down €234,069 (-83.1%), from €281,563 to €47,494
- Reserves -€58,836
down €58,836 (-46.8%), from €125,704 to €66,868
of which Distributable reserves: -€50,000
- Trade debts -€29,229
down €29,229 (-98.7%), from €29,600 to €371
- Gross operating margin +€32,221
up €32,221 (+52.3%), from €61,644 to €93,864
- Depreciation +€2,628
up €2,628 (+9.2%), from €28,562 to €31,190
- Financial income +€1,024
new in 2025: €1,024
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 | €593,171 | €619,660 | +€26,489 | +4.5% |
| Fixed assets | 21/28 | €239,891 | €239,881 | -€9 | 0.0% |
| Tangible fixed assets | 22/27 | €239,891 | €239,881 | -€9 | 0.0% |
| Land and buildings | 22 | €239,891 | €239,881 | -€9 | 0.0% |
| Current assets | 29/58 | €353,280 | €379,779 | +€26,499 | +7.5% |
| Amounts receivable within one year | 40/41 | €5,074 | €2,023 | -€3,051 | -60.1% |
| Trade receivables | 40 | €4,941 | €1,582 | -€3,359 | -68.0% |
| Other amounts receivable | 41 | €133 | €440 | +€307 | +231% |
| Cash at bank and in hand | 54/58 | €347,163 | €377,756 | +€30,593 | +8.8% |
| Deferred charges and accrued income | 490/1 | €1,043 | €0 | -€1,043 | -100% |
| Total equity and liabilities | 10/49 | €593,171 | €619,660 | +€26,489 | +4.5% |
| Equity | 10/15 | €514,267 | €221,362 | -€292,905 | -57.0% |
| Contributions | 10/11 | €107,000 | €107,000 | = | 0.0% |
| Capital | 10 | €107,000 | €107,000 | = | 0.0% |
| Issued capital | 100 | €107,000 | €107,000 | = | 0.0% |
| Reserves | 13 | €125,704 | €66,868 | -€58,836 | -46.8% |
| Non-distributable reserves | 130/1 | €10,700 | €10,700 | = | 0.0% |
| Legal reserve | 130 | €10,700 | €10,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,004 | €56,168 | -€8,836 | -13.6% |
| Distributable reserves | 133 | €50,000 | €0 | -€50,000 | -100% |
| Profit (loss) carried forward | 14 | €281,563 | €47,494 | -€234,069 | -83.1% |
| Provisions and deferred taxes | 16 | €43,644 | €37,712 | -€5,932 | -13.6% |
| Deferred taxes | 168 | €43,644 | €37,712 | -€5,932 | -13.6% |
| Amounts payable | 17/49 | €35,260 | €360,586 | +€325,326 | +923% |
| Amounts payable within one year | 42/48 | €33,250 | €357,541 | +€324,291 | +975% |
| Trade debts | 44 | €29,600 | €371 | -€29,229 | -98.7% |
| Suppliers | 440/4 | €29,600 | €371 | -€29,229 | -98.7% |
| Other amounts payable | 47/48 | €3,650 | €357,170 | +€353,520 | +9,685% |
| Accrued charges and deferred income | 492/3 | €2,010 | €3,045 | +€1,035 | +51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,562 | €31,190 | +€2,628 | +9.2% |
| Other operating charges | 640/8 | €11,383 | €11,743 | +€360 | +3.2% |
| Gross operating margin | 9900 | €61,644 | €93,864 | +€32,221 | +52.3% |
| Operating profit (loss) | 9901 | €21,699 | €50,932 | +€29,233 | +135% |
| Financial income | 75/76B | - | €1,024 | +€1,024 | |
| Recurring financial income | 75 | - | €1,024 | +€1,024 | |
| Financial charges | 65/66B | €811 | €792 | -€18 | -2.2% |
| Recurring financial charges | 65 | €811 | €792 | -€18 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €20,888 | €51,163 | +€30,275 | +145% |
| Transfer from deferred taxes | 780 | €5,932 | €5,932 | = | 0.0% |
| Profit (loss) for the period | 9904 | €26,821 | €57,095 | +€30,275 | +113% |
| Transfer from tax-exempt reserves | 789 | €8,836 | €8,836 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,656 | €65,931 | +€30,275 | +84.9% |
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 23 October 2026 via checked.be.