AVB-Trans: 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-Trans
Largest movements
- Cash +€115,225
up €115,225 (+62.4%), from €184,636 to €299,861
mainly Depreciation (+€151,410) and Net result for the year (+€103,900)
- Tangible fixed assets +€64,214
up €64,214 (+14.3%), from €450,611 to €514,825
of which Furniture and vehicles: +€70,831
- Receivables within one year -€24,229
down €24,229 (-9.0%), from €268,233 to €244,004
of which Trade receivables: -€23,731
- Reserves +€103,900
up €103,900 (+22.8%), from €455,021 to €558,921
- Trade debts +€60,211
up €60,211 (+78.3%), from €76,873 to €137,084
- Debts after one year -€31,714
down €31,714 (-15.2%), from €208,610 to €176,896
- Current portion of long-term debt +€17,289
up €17,289 (+15.8%), from €109,744 to €127,033
- Depreciation +€39,835
up €39,835 (+35.7%), from €111,575 to €151,410
- Gross operating margin +€37,511
up €37,511 (+9.5%), from €393,783 to €431,294
- Staff costs -€19,351
down €19,351 (-16.6%), from €116,276 to €96,925
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 | €908,172 | €1,063,553 | +€155,381 | +17.1% |
| Fixed assets | 21/28 | €455,016 | €519,230 | +€64,214 | +14.1% |
| Tangible fixed assets | 22/27 | €450,611 | €514,825 | +€64,214 | +14.3% |
| Land and buildings | 22 | €16,098 | €12,210 | -€3,888 | -24.2% |
| Plant, machinery and equipment | 23 | €8,895 | €6,166 | -€2,729 | -30.7% |
| Furniture and vehicles | 24 | €425,618 | €496,449 | +€70,831 | +16.6% |
| Financial fixed assets | 28 | €4,405 | €4,405 | = | 0.0% |
| Current assets | 29/58 | €453,156 | €544,324 | +€91,167 | +20.1% |
| Amounts receivable within one year | 40/41 | €268,233 | €244,004 | -€24,229 | -9.0% |
| Trade receivables | 40 | €261,568 | €237,838 | -€23,731 | -9.1% |
| Other amounts receivable | 41 | €6,665 | €6,166 | -€498 | -7.5% |
| Cash at bank and in hand | 54/58 | €184,636 | €299,861 | +€115,225 | +62.4% |
| Deferred charges and accrued income | 490/1 | €287 | €458 | +€171 | +59.6% |
| Total equity and liabilities | 10/49 | €908,172 | €1,063,553 | +€155,381 | +17.1% |
| Equity | 10/15 | €473,621 | €577,521 | +€103,900 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,021 | €558,921 | +€103,900 | +22.8% |
| Distributable reserves | 133 | €455,021 | €558,921 | +€103,900 | +22.8% |
| Amounts payable | 17/49 | €434,551 | €486,032 | +€51,481 | +11.8% |
| Amounts payable after more than one year | 17 | €208,610 | €176,896 | -€31,714 | -15.2% |
| Financial debts | 170/4 | €208,610 | €176,896 | -€31,714 | -15.2% |
| Amounts payable within one year | 42/48 | €224,617 | €307,230 | +€82,613 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €109,744 | €127,033 | +€17,289 | +15.8% |
| Trade debts | 44 | €76,873 | €137,084 | +€60,211 | +78.3% |
| Suppliers | 440/4 | €76,873 | €137,084 | +€60,211 | +78.3% |
| Taxes, remuneration and social security | 45 | €38,000 | €43,113 | +€5,113 | +13.5% |
| Taxes | 450/3 | €23,183 | €38,277 | +€15,094 | +65.1% |
| Remuneration and social security | 454/9 | €14,816 | €4,836 | -€9,981 | -67.4% |
| Accrued charges and deferred income | 492/3 | €1,324 | €1,906 | +€582 | +44.0% |
| Non-recurring operating income | 76A | - | €79,765 | +€79,765 | |
| Remuneration, social security and pensions | 62 | €116,276 | €96,925 | -€19,351 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,575 | €151,410 | +€39,835 | +35.7% |
| Other operating charges | 640/8 | €31,927 | €32,391 | +€464 | +1.5% |
| Gross operating margin | 9900 | €393,783 | €431,294 | +€37,511 | +9.5% |
| Operating profit (loss) | 9901 | €134,005 | €150,567 | +€16,562 | +12.4% |
| Financial income | 75/76B | €210 | €152 | -€57 | -27.4% |
| Recurring financial income | 75 | €210 | €152 | -€57 | -27.4% |
| Financial charges | 65/66B | €5,783 | €8,616 | +€2,833 | +49.0% |
| Recurring financial charges | 65 | €5,783 | €8,616 | +€2,833 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €128,432 | €142,104 | +€13,672 | +10.6% |
| Income taxes | 67/77 | €37,812 | €38,204 | +€392 | +1.0% |
| Profit (loss) for the period | 9904 | €90,620 | €103,900 | +€13,280 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,620 | €103,900 | +€13,280 | +14.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.