AVB: 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.
AVB
Largest movements
- Receivables within one year +€176,887
up €176,887 (+44.1%), from €401,517 to €578,404
of which Other amounts receivable: +€117,434
- Cash +€58,973
up €58,973 (+1,347%), from €4,378 to €63,351
mainly Net result for the year (+€364,752) and Other debts (+€206,393)
- Intangible fixed assets -€11,631
down €11,631 (-100%), from €11,631 to €0
- Other debts +€206,393
up €206,393, from €0 to €206,393
- Reserves +€125,242
up €125,242 (+52.3%), from €239,509 to €364,752
- Tax, wage and social debts -€96,405
down €96,405 (-57.1%), from €168,755 to €72,350
- Trade debts -€10,939
down €10,939 (-90.4%), from €12,094 to €1,156
- Gross operating margin +€183,187
up €183,187 (+58.0%), from €315,595 to €498,782
- Taxes +€47,305
up €47,305 (+62.8%), from €75,328 to €122,633
- Depreciation +€12,302
up €12,302 (+1,552%), from €792 to €13,094
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 | €422,359 | €648,132 | +€225,773 | +53.5% |
| Fixed assets | 21/28 | €15,228 | €2,133 | -€13,094 | -86.0% |
| Intangible fixed assets | 21 | €11,631 | €0 | -€11,631 | -100% |
| Tangible fixed assets | 22/27 | €3,596 | €2,133 | -€1,463 | -40.7% |
| Furniture and vehicles | 24 | €3,596 | €2,133 | -€1,463 | -40.7% |
| Current assets | 29/58 | €407,131 | €645,999 | +€238,868 | +58.7% |
| Amounts receivable within one year | 40/41 | €401,517 | €578,404 | +€176,887 | +44.1% |
| Trade receivables | 40 | €229,996 | €289,449 | +€59,453 | +25.8% |
| Other amounts receivable | 41 | €171,521 | €288,955 | +€117,434 | +68.5% |
| Cash at bank and in hand | 54/58 | €4,378 | €63,351 | +€58,973 | +1,347% |
| Deferred charges and accrued income | 490/1 | €1,236 | €4,243 | +€3,008 | +243% |
| Total equity and liabilities | 10/49 | €422,359 | €648,132 | +€225,773 | +53.5% |
| Equity | 10/15 | €241,509 | €366,752 | +€125,242 | +51.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €239,509 | €364,752 | +€125,242 | +52.3% |
| Distributable reserves | 133 | €239,509 | €364,752 | +€125,242 | +52.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,849 | €281,381 | +€100,531 | +55.6% |
| Amounts payable within one year | 42/48 | €180,849 | €279,898 | +€99,049 | +54.8% |
| Trade debts | 44 | €12,094 | €1,156 | -€10,939 | -90.4% |
| Suppliers | 440/4 | €12,094 | €1,156 | -€10,939 | -90.4% |
| Taxes, remuneration and social security | 45 | €168,755 | €72,350 | -€96,405 | -57.1% |
| Taxes | 450/3 | €168,755 | €72,350 | -€96,405 | -57.1% |
| Other amounts payable | 47/48 | €0 | €206,393 | +€206,393 | |
| Accrued charges and deferred income | 492/3 | - | €1,482 | +€1,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €792 | €13,094 | +€12,302 | +1,552% |
| Other operating charges | 640/8 | €528 | €568 | +€40 | +7.6% |
| Gross operating margin | 9900 | €315,595 | €498,782 | +€183,187 | +58.0% |
| Operating profit (loss) | 9901 | €314,274 | €485,120 | +€170,845 | +54.4% |
| Financial income | 75/76B | €910 | €4,077 | +€3,167 | +348% |
| Recurring financial income | 75 | €910 | €4,077 | +€3,167 | +348% |
| Financial charges | 65/66B | €347 | €1,812 | +€1,465 | +422% |
| Recurring financial charges | 65 | €347 | €1,812 | +€1,465 | +422% |
| Profit (loss) for the period before taxes | 9903 | €314,837 | €487,384 | +€172,547 | +54.8% |
| Income taxes | 67/77 | €75,328 | €122,633 | +€47,305 | +62.8% |
| Profit (loss) for the period | 9904 | €239,509 | €364,752 | +€125,242 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €239,509 | €364,752 | +€125,242 | +52.3% |
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 18 October 2026 via checked.be.