AAVO GROUP: 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.
AAVO GROUP
Largest movements
- Receivables within one year -€877,251
down €877,251 (-86.9%), from €1.0m to €131,930
of which Trade receivables: -€990,000
- Debts after one year -€4.0m
down €4.0m (-27.4%), from €14.7m to €10.6m
- Profit (loss) carried forward +€3.8m
up €3.8m (+24,252%), from €15,626 to €3.8m
- Other debts -€628,938
down €628,938 (-77.5%), from €811,975 to €183,037
- Trade debts +€172,715
up €172,715 (+157%), from €109,680 to €282,396
of which Suppliers: +€98,723
- Financial income +€3.7m
new in 2025: €3.7m
- Gross operating margin +€150,111
up €150,111 (+95.9%), from €156,482 to €306,593
- Financial charges +€68,725
up €68,725 (+51.1%), from €134,416 to €203,141
- Other operating charges +€35,307
up €35,307 (+4,047%), from €872 to €36,179
- Taxes +€12,611
up €12,611 (+227%), from €5,567 to €18,179
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 | €16,880,442 | €16,169,213 | -€711,229 | -4.2% |
| Fixed assets | 21/28 | €15,795,511 | €15,795,511 | = | 0.0% |
| Financial fixed assets | 28 | €15,795,511 | €15,795,511 | = | 0.0% |
| Current assets | 29/58 | €1,084,931 | €373,702 | -€711,229 | -65.6% |
| Amounts receivable within one year | 40/41 | €1,009,181 | €131,930 | -€877,251 | -86.9% |
| Trade receivables | 40 | €990,000 | €0 | -€990,000 | -100% |
| Other amounts receivable | 41 | €19,181 | €131,930 | +€112,749 | +588% |
| Cash at bank and in hand | 54/58 | €75,750 | €239,342 | +€163,592 | +216% |
| Deferred charges and accrued income | 490/1 | - | €2,430 | +€2,430 | |
| Total equity and liabilities | 10/49 | €16,880,442 | €16,169,213 | -€711,229 | -4.2% |
| Equity | 10/15 | €40,626 | €3,830,165 | +€3.8m | +9,328% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,626 | €3,805,165 | +€3.8m | +24,252% |
| Amounts payable | 17/49 | €16,839,816 | €12,339,048 | -€4.5m | -26.7% |
| Amounts payable after more than one year | 17 | €14,662,261 | €10,640,261 | -€4.0m | -27.4% |
| Financial debts | 170/4 | €14,662,261 | €10,640,261 | -€4.0m | -27.4% |
| Amounts payable within one year | 42/48 | €1,927,223 | €1,488,825 | -€438,398 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €109,680 | €282,396 | +€172,715 | +157% |
| Suppliers | 440/4 | €109,680 | €208,403 | +€98,723 | +90.0% |
| Bills of exchange payable | 441 | - | €73,993 | +€73,993 | |
| Taxes, remuneration and social security | 45 | €5,567 | €23,392 | +€17,825 | +320% |
| Taxes | 450/3 | €5,567 | €23,392 | +€17,825 | +320% |
| Other amounts payable | 47/48 | €811,975 | €183,037 | -€628,938 | -77.5% |
| Accrued charges and deferred income | 492/3 | €250,333 | €209,963 | -€40,370 | -16.1% |
| Other operating charges | 640/8 | €872 | €36,179 | +€35,307 | +4,047% |
| Gross operating margin | 9900 | €156,482 | €306,593 | +€150,111 | +95.9% |
| Operating profit (loss) | 9901 | €155,609 | €270,414 | +€114,804 | +73.8% |
| Financial income | 75/76B | - | €3,740,445 | +€3.7m | |
| Recurring financial income | 75 | - | €3,740,445 | +€3.7m | |
| Financial charges | 65/66B | €134,416 | €203,141 | +€68,725 | +51.1% |
| Recurring financial charges | 65 | €134,416 | €203,141 | +€68,725 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €21,193 | €3,807,718 | +€3.8m | +17,867% |
| Income taxes | 67/77 | €5,567 | €18,179 | +€12,611 | +227% |
| Profit (loss) for the period | 9904 | €15,626 | €3,789,539 | +€3.8m | +24,152% |
| Profit (loss) for the period to be appropriated | 9905 | €15,626 | €3,789,539 | +€3.8m | +24,152% |
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 22 October 2026 via checked.be.