AVA: what changed
Two fiscal 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.
What changed
AVA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€539,435
2024 · €496,512+€42,922
Equity
€8.4m
2024 · €7.8m+€539,435
Cash
€857,199
2024 · €582,849+€274,349
Balance sheet total
€8.6m
2024 · €8.0m+€567,894
Largest movements
Assets
- Current investments +€416,633
up €416,633 (+8.8%), from €4.7m to €5.1m
- Cash +€274,349
up €274,349 (+47.1%), from €582,849 to €857,199
mainly Net result for the year (+€539,435) and Depreciation (+€94,264)
- Tangible fixed assets -€94,264
down €94,264 (-3.6%), from €2.6m to €2.5m
Equity and liabilities
- Reserves +€539,435
up €539,435 (+11.4%), from €4.7m to €5.3m
of which Distributable reserves: +€539,435
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€496,512
Depreciation
+€2,527
Other operating charges
-€2,854
Other operating items
+€51,120
Financial income
+€12,670
Financial charges
-€5,025
Taxes
-€15,515
Result 2025
€539,435
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.
From operations
+€690,983
Investment
-€416,633
Financing
€0
Cash 2024
€582,849
From operations (derived)
+€690,983
Net result for the year
+€539,435
Depreciation
+€94,264
Receivables within one year
+€28,826
Trade debts
-€5,331
Tax, wage and social debts
+€33,624
Smaller working-capital items
+€166
Investment (derived)
-€416,633
Current investments
-€416,633
Cash 2025
€857,199
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,989,712 | €8,557,605 | +€567,894 | +7.1% |
| Fixed assets | 21/28 | €2,657,683 | €2,563,420 | -€94,264 | -3.5% |
| Tangible fixed assets | 22/27 | €2,629,151 | €2,534,887 | -€94,264 | -3.6% |
| Land and buildings | 22 | €2,629,151 | €2,534,887 | -€94,264 | -3.6% |
| Financial fixed assets | 28 | €28,533 | €28,533 | = | 0.0% |
| Affiliated companies | 280/1 | €28,508 | €28,508 | = | 0.0% |
| Participating interests | 280 | €28,508 | €28,508 | = | 0.0% |
| Other financial fixed assets | 284/8 | €25 | €25 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €5,332,028 | €5,994,185 | +€662,157 | +12.4% |
| Amounts receivable within one year | 40/41 | €33,486 | €4,660 | -€28,826 | -86.1% |
| Trade receivables | 40 | €28,186 | €4,660 | -€23,526 | -83.5% |
| Other amounts receivable | 41 | €5,300 | - | -€5,300 | |
| Current investments | 50/53 | €4,715,693 | €5,132,326 | +€416,633 | +8.8% |
| Other investments | 51/53 | €4,715,693 | €5,132,326 | +€416,633 | +8.8% |
| Cash at bank and in hand | 54/58 | €582,849 | €857,199 | +€274,349 | +47.1% |
| Total equity and liabilities | 10/49 | €7,989,712 | €8,557,605 | +€567,894 | +7.1% |
| Equity | 10/15 | €7,826,712 | €8,366,147 | +€539,435 | +6.9% |
| Contributions | 10/11 | €3,101,301 | €3,101,301 | = | 0.0% |
| Capital | 10 | €3,101,301 | €3,101,301 | = | 0.0% |
| Issued capital | 100 | €3,101,301 | €3,101,301 | = | 0.0% |
| Reserves | 13 | €4,725,411 | €5,264,846 | +€539,435 | +11.4% |
| Non-distributable reserves | 130/1 | €310,130 | €310,130 | = | 0.0% |
| Legal reserve | 130 | €310,130 | €310,130 | = | 0.0% |
| Distributable reserves | 133 | €4,415,281 | €4,954,716 | +€539,435 | +12.2% |
| Amounts payable | 17/49 | €163,000 | €191,459 | +€28,459 | +17.5% |
| Amounts payable within one year | 42/48 | €157,166 | €186,434 | +€29,268 | +18.6% |
| Trade debts | 44 | €27,461 | €22,130 | -€5,331 | -19.4% |
| Suppliers | 440/4 | €27,461 | €22,130 | -€5,331 | -19.4% |
| Taxes, remuneration and social security | 45 | €30 | €33,654 | +€33,624 | +112341.8% |
| Taxes | 450/3 | €30 | €33,654 | +€33,624 | +112341.8% |
| Other amounts payable | 47/48 | €129,675 | €130,650 | +€975 | +0.8% |
| Accrued charges and deferred income | 492/3 | €5,834 | €5,025 | -€810 | -13.9% |
| Operating income | 70/76A | €791,029 | €846,777 | +€55,749 | +7.0% |
| Other operating income | 74 | €791,029 | €846,777 | +€55,749 | +7.0% |
| Operating charges | 60/66A | €252,986 | €257,942 | +€4,956 | +2.0% |
| Services and other goods | 61 | €73,710 | €78,339 | +€4,628 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,790 | €94,264 | -€2,527 | -2.6% |
| Other operating charges | 640/8 | €82,485 | €85,339 | +€2,854 | +3.5% |
| Operating profit (loss) | 9901 | €538,043 | €588,836 | +€50,793 | +9.4% |
| Financial income | 75/76B | €129,075 | €141,745 | +€12,670 | +9.8% |
| Recurring financial income | 75 | €129,075 | €141,745 | +€12,670 | +9.8% |
| Income from current assets | 751 | €122,284 | €134,769 | +€12,485 | +10.2% |
| Other financial income | 752/9 | €6,791 | €6,976 | +€185 | +2.7% |
| Financial charges | 65/66B | €5,117 | €10,142 | +€5,025 | +98.2% |
| Recurring financial charges | 65 | €5,117 | €10,142 | +€5,025 | +98.2% |
| Other financial charges | 652/9 | €5,117 | €10,142 | +€5,025 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €662,001 | €720,438 | +€58,438 | +8.8% |
| Income taxes | 67/77 | €165,488 | €181,004 | +€15,515 | +9.4% |
| Taxes | 670/3 | €165,584 | €181,004 | +€15,420 | +9.3% |
| Tax adjustments and reversals of tax provisions | 77 | €95 | - | -€95 | |
| Profit (loss) for the period | 9904 | €496,512 | €539,435 | +€42,922 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €496,512 | €539,435 | +€42,922 | +8.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.