AMAVI Proptech Fund: 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.
AMAVI Proptech Fund
Largest movements
- Financial fixed assets +€10.9m
up €10.9m (+28.2%), from €38.6m to €49.5m
- Cash -€1.1m
no longer reported in 2025 (was €1.1m)
mainly Investment in fixed assets (net) (-€10.9m) and Net result for the year (-€1.4m)
- Deferred charges and accrued income +€681,741
up €681,741 (+4,846%), from €14,069 to €695,810
- Contributions +€12.6m
up €12.6m (+28.5%), from €44.1m to €56.7m
- Profit (loss) carried forward -€1.4m
down €1.4m (-28.5%), from -€5.0m to -€6.5m
- Other debts -€1.2m
down €1.2m (-99.6%), from €1.2m to €5,040
- Financial charges -€2.2m
down €2.2m (-93.9%), from €2.3m to €141,004
- Financial income +€571,564
up €571,564 (+238%), from €240,538 to €812,102
of which Non-recurring financial income: +€423,807
- Gross operating margin +€211,031
up €211,031 (+14.4%), from -€1.5m to -€1.3m
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 | €40,267,632 | €50,406,496 | +€10.1m | +25.2% |
| Fixed assets | 21/28 | €38,617,360 | €49,513,948 | +€10.9m | +28.2% |
| Financial fixed assets | 28 | €38,617,360 | €49,513,948 | +€10.9m | +28.2% |
| Current assets | 29/58 | €1,650,273 | €892,548 | -€757,725 | -45.9% |
| Amounts receivable within one year | 40/41 | €493,191 | €196,737 | -€296,454 | -60.1% |
| Trade receivables | 40 | €200,000 | - | -€200,000 | |
| Other amounts receivable | 41 | €293,191 | €196,737 | -€96,454 | -32.9% |
| Cash at bank and in hand | 54/58 | €1,143,012 | - | -€1.1m | |
| Deferred charges and accrued income | 490/1 | €14,069 | €695,810 | +€681,741 | +4,846% |
| Total equity and liabilities | 10/49 | €40,267,632 | €50,406,496 | +€10.1m | +25.2% |
| Equity | 10/15 | €39,089,032 | €50,224,186 | +€11.1m | +28.5% |
| Contributions | 10/11 | €44,117,709 | €56,684,708 | +€12.6m | +28.5% |
| Profit (loss) carried forward | 14 | -€5,028,677 | -€6,460,523 | -€1.4m | -28.5% |
| Amounts payable | 17/49 | €1,178,600 | €182,310 | -€996,290 | -84.5% |
| Amounts payable within one year | 42/48 | €1,178,600 | €182,310 | -€996,290 | -84.5% |
| Financial debts | 43 | - | €71,050 | +€71,050 | |
| Credit institutions | 430/8 | - | €71,050 | +€71,050 | |
| Trade debts | 44 | €10,239 | €106,220 | +€95,981 | +937% |
| Suppliers | 440/4 | €10,239 | €106,220 | +€95,981 | +937% |
| Other amounts payable | 47/48 | €1,168,361 | €5,040 | -€1.2m | -99.6% |
| Other operating charges | 640/8 | €816 | €1,980 | +€1,164 | +143% |
| Non-recurring operating charges | 66A | - | €847,614 | +€847,614 | |
| Gross operating margin | 9900 | -€1,464,379 | -€1,253,348 | +€211,031 | +14.4% |
| Operating profit (loss) | 9901 | -€1,465,195 | -€2,102,942 | -€637,747 | -43.5% |
| Financial income | 75/76B | €240,538 | €812,102 | +€571,564 | +238% |
| Recurring financial income | 75 | €240,538 | €388,294 | +€147,757 | +61.4% |
| Non-recurring financial income | 76B | - | €423,807 | +€423,807 | |
| Financial charges | 65/66B | €2,325,706 | €141,004 | -€2.2m | -93.9% |
| Recurring financial charges | 65 | €2,325,706 | €141,004 | -€2.2m | -93.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,550,363 | -€1,431,845 | +€2.1m | +59.7% |
| Profit (loss) for the period | 9904 | -€3,550,363 | -€1,431,845 | +€2.1m | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,550,363 | -€1,431,845 | +€2.1m | +59.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.