AVB GROUP: 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.
AVB GROUP
Largest movements
- Receivables within one year -€128,946
down €128,946 (-70.4%), from €183,167 to €54,222
of which Trade receivables: -€128,661
- Deferred charges and accrued income +€100,038
up €100,038 (+1559.6%), from €6,414 to €106,452
- Tangible fixed assets -€26,224
down €26,224 (-12.3%), from €212,524 to €186,300
of which Leasing and similar rights: -€17,963
- Profit (loss) carried forward -€107,667
down €107,667 (-55.5%), from €193,889 to €86,222
- Trade debts +€57,800
up €57,800 (+3067.2%), from €1,884 to €59,684
- Tax, wage and social debts -€9,805
down €9,805 (-6.5%), from €151,544 to €141,739
of which Remuneration and social security: -€5,123
- Accrued charges and deferred income +€5,493
new in 2025: €5,493
- Staff costs +€209,238
up €209,238 (+45.8%), from €457,285 to €666,523
- Other operating charges -€76,208
down €76,208 (-88.8%), from €85,773 to €9,565
- Gross operating margin +€52,692
up €52,692 (+8.0%), from €659,711 to €712,403
- Taxes +€21,243
new in 2025: €21,243
- Financial charges +€15,135
up €15,135 (+159.4%), from €9,497 to €24,632
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €504,802 | €444,114 | -€60,688 | -12.0% |
| Fixed assets | 21/28 | €239,039 | €211,245 | -€27,794 | -11.6% |
| Tangible fixed assets | 22/27 | €212,524 | €186,300 | -€26,224 | -12.3% |
| Plant, machinery and equipment | 23 | €2,553 | €9,076 | +€6,523 | +255.5% |
| Furniture and vehicles | 24 | €33,166 | €18,383 | -€14,783 | -44.6% |
| Leasing and similar rights | 25 | €176,805 | €158,841 | -€17,963 | -10.2% |
| Financial fixed assets | 28 | €26,515 | €24,945 | -€1,570 | -5.9% |
| Current assets | 29/58 | €265,763 | €232,869 | -€32,894 | -12.4% |
| Amounts receivable within one year | 40/41 | €183,167 | €54,222 | -€128,946 | -70.4% |
| Trade receivables | 40 | €182,883 | €54,222 | -€128,661 | -70.4% |
| Other amounts receivable | 41 | €284 | - | -€284 | |
| Cash at bank and in hand | 54/58 | €76,181 | €72,195 | -€3,986 | -5.2% |
| Deferred charges and accrued income | 490/1 | €6,414 | €106,452 | +€100,038 | +1559.6% |
| Total equity and liabilities | 10/49 | €504,802 | €444,114 | -€60,688 | -12.0% |
| Equity | 10/15 | €213,889 | €106,222 | -€107,667 | -50.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,889 | €86,222 | -€107,667 | -55.5% |
| Amounts payable | 17/49 | €290,913 | €337,891 | +€46,979 | +16.1% |
| Amounts payable after more than one year | 17 | €71,881 | €69,321 | -€2,559 | -3.6% |
| Financial debts | 170/4 | €71,881 | €69,321 | -€2,559 | -3.6% |
| Amounts payable within one year | 42/48 | €219,032 | €263,077 | +€44,045 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €62,189 | €58,379 | -€3,810 | -6.1% |
| Trade debts | 44 | €1,884 | €59,684 | +€57,800 | +3067.2% |
| Suppliers | 440/4 | €1,884 | €59,684 | +€57,800 | +3067.2% |
| Taxes, remuneration and social security | 45 | €151,544 | €141,739 | -€9,805 | -6.5% |
| Taxes | 450/3 | €47,367 | €42,685 | -€4,682 | -9.9% |
| Remuneration and social security | 454/9 | €104,178 | €99,054 | -€5,123 | -4.9% |
| Other amounts payable | 47/48 | €3,415 | €3,274 | -€141 | -4.1% |
| Accrued charges and deferred income | 492/3 | - | €5,493 | +€5,493 | |
| Remuneration, social security and pensions | 62 | €457,285 | €666,523 | +€209,238 | +45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,922 | €61,508 | -€13,415 | -17.9% |
| Other operating charges | 640/8 | €85,773 | €9,565 | -€76,208 | -88.8% |
| Non-recurring operating charges | 66A | - | €38,027 | +€38,027 | |
| Gross operating margin | 9900 | €659,711 | €712,403 | +€52,692 | +8.0% |
| Operating profit (loss) | 9901 | €41,730 | -€63,220 | -€104,950 | |
| Financial income | 75/76B | €0 | €1,428 | +€1,428 | +793122.2% |
| Recurring financial income | 75 | €0 | €1,428 | +€1,428 | +793122.2% |
| Financial charges | 65/66B | €9,497 | €24,632 | +€15,135 | +159.4% |
| Recurring financial charges | 65 | €9,497 | €24,632 | +€15,135 | +159.4% |
| Profit (loss) for the period before taxes | 9903 | €32,233 | -€86,424 | -€118,657 | |
| Income taxes | 67/77 | - | €21,243 | +€21,243 | |
| Profit (loss) for the period | 9904 | €32,233 | -€107,667 | -€139,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,233 | -€107,667 | -€139,900 |
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 5 October 2026 via checked.be.