Aavi: 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.
Aavi
Largest movements
- Receivables within one year +€238,079
up €238,079 (+4,450%), from €5,350 to €243,429
of which Other amounts receivable: +€208,614
- Cash -€213,314
down €213,314 (-34.1%), from €625,592 to €412,278
mainly Receivables within one year (-€238,079) and Contributions, distributions and other (-€93,934)
- Tangible fixed assets -€34,570
down €34,570 (-8.4%), from €409,925 to €375,356
of which Land and buildings: -€18,652
- Deferred charges and accrued income +€11,457
up €11,457 (+104%), from €10,978 to €22,435
- Reserves -€66,404
down €66,404 (-20.5%), from €323,806 to €257,402
of which Distributable reserves: -€66,404
- Trade debts +€45,443
up €45,443 (+45.9%), from €98,983 to €144,427
- Tax, wage and social debts +€31,663
up €31,663 (+10.3%), from €308,147 to €339,810
of which Remuneration and social security: +€31,663
- Debts after one year -€12,017
down €12,017 (-4.1%), from €294,945 to €282,928
- Gross operating margin +€282,326
up €282,326 (+9.9%), from €2.9m to €3.1m
- Staff costs +€279,753
up €279,753 (+10.1%), from €2.8m to €3.0m
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 | €1,051,846 | €1,053,498 | +€1,652 | +0.2% |
| Fixed assets | 21/28 | €409,925 | €375,356 | -€34,570 | -8.4% |
| Tangible fixed assets | 22/27 | €409,925 | €375,356 | -€34,570 | -8.4% |
| Land and buildings | 22 | €334,954 | €316,302 | -€18,652 | -5.6% |
| Plant, machinery and equipment | 23 | €8,357 | €7,103 | -€1,254 | -15.0% |
| Furniture and vehicles | 24 | €57,050 | €45,337 | -€11,713 | -20.5% |
| Other tangible fixed assets | 26 | €9,564 | €6,615 | -€2,950 | -30.8% |
| Current assets | 29/58 | €641,920 | €678,142 | +€36,222 | +5.6% |
| Amounts receivable within one year | 40/41 | €5,350 | €243,429 | +€238,079 | +4,450% |
| Trade receivables | 40 | - | €29,465 | +€29,465 | |
| Other amounts receivable | 41 | €5,350 | €213,964 | +€208,614 | +3,899% |
| Cash at bank and in hand | 54/58 | €625,592 | €412,278 | -€213,314 | -34.1% |
| Deferred charges and accrued income | 490/1 | €10,978 | €22,435 | +€11,457 | +104% |
| Total equity and liabilities | 10/49 | €1,051,846 | €1,053,498 | +€1,652 | +0.2% |
| Equity | 10/15 | €330,006 | €263,602 | -€66,404 | -20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €323,806 | €257,402 | -€66,404 | -20.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €321,951 | €255,547 | -€66,404 | -20.6% |
| Amounts payable | 17/49 | €721,840 | €789,896 | +€68,057 | +9.4% |
| Amounts payable after more than one year | 17 | €294,945 | €282,928 | -€12,017 | -4.1% |
| Financial debts | 170/4 | €294,945 | €282,928 | -€12,017 | -4.1% |
| Amounts payable within one year | 42/48 | €426,894 | €506,968 | +€80,074 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €11,510 | €12,017 | +€508 | +4.4% |
| Trade debts | 44 | €98,983 | €144,427 | +€45,443 | +45.9% |
| Suppliers | 440/4 | €98,983 | €144,427 | +€45,443 | +45.9% |
| Taxes, remuneration and social security | 45 | €308,147 | €339,810 | +€31,663 | +10.3% |
| Taxes | 450/3 | €13,530 | €13,530 | +€0 | 0.0% |
| Remuneration and social security | 454/9 | €294,617 | €326,280 | +€31,663 | +10.7% |
| Other amounts payable | 47/48 | €8,254 | €10,714 | +€2,460 | +29.8% |
| Remuneration, social security and pensions | 62 | €2,763,905 | €3,043,657 | +€279,753 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,230 | €35,886 | +€656 | +1.9% |
| Other operating charges | 640/8 | €4,159 | €3,958 | -€201 | -4.8% |
| Gross operating margin | 9900 | €2,853,492 | €3,135,818 | +€282,326 | +9.9% |
| Operating profit (loss) | 9901 | €50,198 | €52,317 | +€2,119 | +4.2% |
| Financial income | 75/76B | - | €3,879 | +€3,879 | |
| Recurring financial income | 75 | - | €3,879 | +€3,879 | |
| Financial charges | 65/66B | €13,834 | €13,401 | -€433 | -3.1% |
| Recurring financial charges | 65 | €13,834 | €13,401 | -€433 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €36,364 | €42,795 | +€6,432 | +17.7% |
| Income taxes | 67/77 | €18,173 | €15,266 | -€2,907 | -16.0% |
| Profit (loss) for the period | 9904 | €18,191 | €27,530 | +€9,339 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,191 | €27,530 | +€9,339 | +51.3% |
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 14 October 2026 via checked.be.