Avalue: 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.
Avalue
Largest movements
- Receivables within one year +€15,456
up €15,456 (+17.6%), from €87,812 to €103,268
of which Other amounts receivable: +€14,833
- Tangible fixed assets -€8,839
down €8,839 (-7.0%), from €126,467 to €117,627
- Profit (loss) carried forward +€14,506
up €14,506 (+52.8%), from -€27,495 to -€12,989
- Debts after one year -€8,500
down €8,500 (-8.3%), from €102,833 to €94,333
- Other debts +€5,394
new in 2025: €5,394
- Tax, wage and social debts -€4,190
down €4,190 (-46.5%), from €9,019 to €4,829
- Gross operating margin +€40,137
up €40,137, from -€19,201 to €20,936
- Financial income +€4,596
up €4,596 (+200%), from €2,299 to €6,895
- Other operating charges +€443
up €443 (+33.7%), from €1,317 to €1,760
- Financial charges -€332
down €332 (-15.6%), from €2,127 to €1,795
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 | €222,851 | €230,073 | +€7,221 | +3.2% |
| Fixed assets | 21/28 | €129,167 | €120,327 | -€8,839 | -6.8% |
| Tangible fixed assets | 22/27 | €126,467 | €117,627 | -€8,839 | -7.0% |
| Land and buildings | 22 | €126,467 | €117,627 | -€8,839 | -7.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €93,685 | €109,745 | +€16,060 | +17.1% |
| Amounts receivable within one year | 40/41 | €87,812 | €103,268 | +€15,456 | +17.6% |
| Trade receivables | 40 | €13,177 | €13,801 | +€623 | +4.7% |
| Other amounts receivable | 41 | €74,634 | €89,467 | +€14,833 | +19.9% |
| Cash at bank and in hand | 54/58 | €4,501 | €4,120 | -€381 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,372 | €2,357 | +€985 | +71.8% |
| Total equity and liabilities | 10/49 | €222,851 | €230,073 | +€7,221 | +3.2% |
| Equity | 10/15 | €86,087 | €100,593 | +€14,506 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,382 | €107,382 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €107,382 | €107,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,495 | -€12,989 | +€14,506 | +52.8% |
| Amounts payable | 17/49 | €136,764 | €129,479 | -€7,285 | -5.3% |
| Amounts payable after more than one year | 17 | €102,833 | €94,333 | -€8,500 | -8.3% |
| Financial debts | 170/4 | €102,833 | €94,333 | -€8,500 | -8.3% |
| Amounts payable within one year | 42/48 | €33,932 | €35,147 | +€1,215 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €8,500 | €8,500 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,621 | €4,323 | +€701 | +19.4% |
| Suppliers | 440/4 | €3,621 | €4,323 | +€701 | +19.4% |
| Advances received on contracts in progress | 46 | €12,791 | €12,100 | -€691 | -5.4% |
| Taxes, remuneration and social security | 45 | €9,019 | €4,829 | -€4,190 | -46.5% |
| Taxes | 450/3 | €9,019 | €4,829 | -€4,190 | -46.5% |
| Other amounts payable | 47/48 | - | €5,394 | +€5,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,839 | €8,839 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,317 | €1,760 | +€443 | +33.7% |
| Non-recurring operating charges | 66A | - | €769 | +€769 | |
| Gross operating margin | 9900 | -€19,201 | €20,936 | +€40,137 | |
| Operating profit (loss) | 9901 | -€29,357 | €9,567 | +€38,924 | |
| Financial income | 75/76B | €2,299 | €6,895 | +€4,596 | +200% |
| Recurring financial income | 75 | €2,299 | €6,895 | +€4,596 | +200% |
| Financial charges | 65/66B | €2,127 | €1,795 | -€332 | -15.6% |
| Recurring financial charges | 65 | €2,127 | €1,795 | -€332 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,185 | €14,667 | +€43,852 | |
| Income taxes | 67/77 | €170 | €161 | -€9 | -5.4% |
| Profit (loss) for the period | 9904 | -€29,355 | €14,506 | +€43,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,355 | €14,506 | +€43,861 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.