AIVB Advisory: 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.
AIVB Advisory
Largest movements
- Tangible fixed assets -€64,542
down €64,542 (-9.5%), from €676,685 to €612,143
of which Furniture and vehicles: -€38,984
- Cash +€60,406
up €60,406 (+29.8%), from €202,718 to €263,123
mainly Depreciation (+€72,083) and Trade debts (+€54,723)
- Receivables within one year +€14,183
up €14,183 (+25.1%), from €56,553 to €70,736
of which Other amounts receivable: +€25,256
- Trade debts +€54,723
up €54,723 (+1590.9%), from €3,440 to €58,162
- Tax, wage and social debts -€34,544
down €34,544 (-100.0%), from €34,544 to €0
- Debts after one year -€22,637
down €22,637 (-4.6%), from €491,420 to €468,783
- Reserves +€10,644
up €10,644 (+2.8%), from €383,455 to €394,099
- Gross operating margin -€61,794
down €61,794 (-33.4%), from €184,872 to €123,077
- Depreciation +€37,650
up €37,650 (+109.3%), from €34,434 to €72,083
- Taxes -€25,761
down €25,761 (-83.0%), from €31,050 to €5,288
- Other operating charges +€1,969
up €1,969 (+38.8%), from €5,071 to €7,040
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 | €936,942 | €946,702 | +€9,760 | +1.0% |
| Fixed assets | 21/28 | €677,385 | €612,843 | -€64,542 | -9.5% |
| Tangible fixed assets | 22/27 | €676,685 | €612,143 | -€64,542 | -9.5% |
| Land and buildings | 22 | €619,832 | €587,861 | -€31,971 | -5.2% |
| Plant, machinery and equipment | 23 | €2,074 | €8,486 | +€6,412 | +309.2% |
| Furniture and vehicles | 24 | €54,779 | €15,795 | -€38,984 | -71.2% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €259,557 | €333,859 | +€74,303 | +28.6% |
| Amounts receivable within one year | 40/41 | €56,553 | €70,736 | +€14,183 | +25.1% |
| Trade receivables | 40 | €11,073 | €0 | -€11,073 | -100.0% |
| Other amounts receivable | 41 | €45,481 | €70,736 | +€25,256 | +55.5% |
| Cash at bank and in hand | 54/58 | €202,718 | €263,123 | +€60,406 | +29.8% |
| Deferred charges and accrued income | 490/1 | €286 | €0 | -€286 | -100.0% |
| Total equity and liabilities | 10/49 | €936,942 | €946,702 | +€9,760 | +1.0% |
| Equity | 10/15 | €385,455 | €396,099 | +€10,644 | +2.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €383,455 | €394,099 | +€10,644 | +2.8% |
| Distributable reserves | 133 | €383,455 | €394,099 | +€10,644 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €551,487 | €550,603 | -€884 | -0.2% |
| Amounts payable after more than one year | 17 | €491,420 | €468,783 | -€22,637 | -4.6% |
| Financial debts | 170/4 | €491,420 | €468,783 | -€22,637 | -4.6% |
| Amounts payable within one year | 42/48 | €60,067 | €81,820 | +€21,754 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €21,336 | €22,637 | +€1,301 | +6.1% |
| Financial debts | 43 | €747 | €1,021 | +€274 | +36.7% |
| Credit institutions | 430/8 | €747 | €1,021 | +€274 | +36.7% |
| Trade debts | 44 | €3,440 | €58,162 | +€54,723 | +1590.9% |
| Suppliers | 440/4 | €3,440 | €58,162 | +€54,723 | +1590.9% |
| Taxes, remuneration and social security | 45 | €34,544 | €0 | -€34,544 | -100.0% |
| Taxes | 450/3 | €34,544 | €0 | -€34,544 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,434 | €72,083 | +€37,650 | +109.3% |
| Other operating charges | 640/8 | €5,071 | €7,040 | +€1,969 | +38.8% |
| Gross operating margin | 9900 | €184,872 | €123,077 | -€61,794 | -33.4% |
| Operating profit (loss) | 9901 | €145,366 | €43,953 | -€101,413 | -69.8% |
| Financial income | 75/76B | €2,355 | €2,434 | +€80 | +3.4% |
| Recurring financial income | 75 | €2,355 | €2,434 | +€80 | +3.4% |
| Financial charges | 65/66B | €31,390 | €30,455 | -€934 | -3.0% |
| Recurring financial charges | 65 | €31,390 | €30,455 | -€934 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €116,331 | €15,932 | -€100,399 | -86.3% |
| Income taxes | 67/77 | €31,050 | €5,288 | -€25,761 | -83.0% |
| Profit (loss) for the period | 9904 | €85,281 | €10,644 | -€74,638 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,281 | €10,644 | -€74,638 | -87.5% |
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 11 October 2026 via checked.be.