AOVD Groep: 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.
AOVD Groep
Largest movements
- Tangible fixed assets +€41,126
up €41,126 (+466%), from €8,828 to €49,954
of which Furniture and vehicles: +€41,791
- Receivables within one year +€13,723
up €13,723 (+34.2%), from €40,183 to €53,906
of which Other amounts receivable: +€14,178
- Cash -€4,304
down €4,304 (-19.7%), from €21,818 to €17,514
mainly Investment in fixed assets (net) (-€58,515) and Contributions, distributions and other (-€38,000)
- Debts after one year +€32,973
new in 2025: €32,973
- Current portion of long-term debt +€12,094
new in 2025: €12,094
- Profit (loss) carried forward +€6,123
up €6,123 (+9.8%), from €62,584 to €68,707
- Tax, wage and social debts -€1,645
no longer reported in 2025 (was €1,645)
- Gross operating margin +€8,343
up €8,343 (+7.5%), from €110,803 to €119,146
- Depreciation +€5,256
up €5,256 (+43.3%), from €12,133 to €17,389
- Other operating charges -€2,494
down €2,494 (-17.5%), from €14,248 to €11,754
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 | €82,829 | €132,374 | +€49,545 | +59.8% |
| Fixed assets | 21/28 | €8,828 | €49,954 | +€41,126 | +466% |
| Tangible fixed assets | 22/27 | €8,828 | €49,954 | +€41,126 | +466% |
| Plant, machinery and equipment | 23 | €1,995 | €1,330 | -€665 | -33.3% |
| Furniture and vehicles | 24 | €6,833 | €48,624 | +€41,791 | +612% |
| Current assets | 29/58 | €74,001 | €82,420 | +€8,419 | +11.4% |
| Amounts receivable within one year | 40/41 | €40,183 | €53,906 | +€13,723 | +34.2% |
| Trade receivables | 40 | €2,244 | €1,789 | -€455 | -20.3% |
| Other amounts receivable | 41 | €37,939 | €52,117 | +€14,178 | +37.4% |
| Cash at bank and in hand | 54/58 | €21,818 | €17,514 | -€4,304 | -19.7% |
| Deferred charges and accrued income | 490/1 | €12,000 | €11,000 | -€1,000 | -8.3% |
| Total equity and liabilities | 10/49 | €82,829 | €132,374 | +€49,545 | +59.8% |
| Equity | 10/15 | €81,184 | €87,307 | +€6,123 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,584 | €68,707 | +€6,123 | +9.8% |
| Amounts payable | 17/49 | €1,645 | €45,067 | +€43,422 | +2,640% |
| Amounts payable after more than one year | 17 | - | €32,973 | +€32,973 | |
| Financial debts | 170/4 | - | €32,973 | +€32,973 | |
| Amounts payable within one year | 42/48 | €1,645 | €12,094 | +€10,449 | +635% |
| Current portion of amounts payable after more than one year | 42 | - | €12,094 | +€12,094 | |
| Taxes, remuneration and social security | 45 | €1,645 | - | -€1,645 | |
| Taxes | 450/3 | €1,645 | - | -€1,645 | |
| Remuneration, social security and pensions | 62 | €45,000 | €45,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,133 | €17,389 | +€5,256 | +43.3% |
| Other operating charges | 640/8 | €14,248 | €11,754 | -€2,494 | -17.5% |
| Gross operating margin | 9900 | €110,803 | €119,146 | +€8,343 | +7.5% |
| Operating profit (loss) | 9901 | €39,422 | €45,003 | +€5,581 | +14.2% |
| Financial charges | 65/66B | €155 | €880 | +€725 | +468% |
| Recurring financial charges | 65 | €155 | €880 | +€725 | +468% |
| Profit (loss) for the period before taxes | 9903 | €39,267 | €44,123 | +€4,856 | +12.4% |
| Profit (loss) for the period | 9904 | €39,267 | €44,123 | +€4,856 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,267 | €44,123 | +€4,856 | +12.4% |
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.