AVBEL IMMO: 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.
AVBEL IMMO
Largest movements
- Receivables within one year -€30,292
down €30,292 (-54.8%), from €55,296 to €25,004
- Profit (loss) carried forward -€60,863
down €60,863 (-30.9%), from €196,827 to €135,964
- Other debts +€29,999
up €29,999 (+11.5%), from €261,795 to €291,794
- Financial charges +€14,764
up €14,764 (+80.3%), from €18,375 to €33,139
- Gross operating margin +€14,714
up €14,714 (+47.6%), from -€30,890 to -€16,176
- Financial income -€8,207
down €8,207 (-99.7%), from €8,232 to €25
of which Non-recurring financial income: -€8,232
- Taxes -€1,319
down €1,319, from €1,099 to -€220
- Other operating charges +€911
up €911 (+58.1%), from €1,569 to €2,480
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 | €1,198,865 | €1,157,066 | -€41,799 | -3.5% |
| Fixed assets | 21/28 | €39,996 | €30,683 | -€9,313 | -23.3% |
| Tangible fixed assets | 22/27 | €24,164 | €14,851 | -€9,313 | -38.5% |
| Furniture and vehicles | 24 | €24,164 | €14,851 | -€9,313 | -38.5% |
| Financial fixed assets | 28 | €15,832 | €15,832 | = | 0.0% |
| Current assets | 29/58 | €1,158,869 | €1,126,383 | -€32,486 | -2.8% |
| Stocks and contracts in progress | 3 | €1,091,836 | €1,091,835 | -€1 | 0.0% |
| Stocks | 30/36 | €1,091,836 | €1,091,835 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €55,296 | €25,004 | -€30,292 | -54.8% |
| Other amounts receivable | 41 | €55,296 | €25,004 | -€30,292 | -54.8% |
| Cash at bank and in hand | 54/58 | €10,304 | €8,042 | -€2,262 | -22.0% |
| Deferred charges and accrued income | 490/1 | €1,433 | €1,502 | +€69 | +4.8% |
| Total equity and liabilities | 10/49 | €1,198,865 | €1,157,066 | -€41,799 | -3.5% |
| Equity | 10/15 | €196,837 | €135,974 | -€60,863 | -30.9% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,827 | €135,964 | -€60,863 | -30.9% |
| Amounts payable | 17/49 | €1,002,028 | €1,021,092 | +€19,064 | +1.9% |
| Amounts payable after more than one year | 17 | €728,738 | €725,000 | -€3,738 | -0.5% |
| Financial debts | 170/4 | €728,738 | €725,000 | -€3,738 | -0.5% |
| Amounts payable within one year | 42/48 | €272,968 | €295,761 | +€22,793 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €5,553 | €3,739 | -€1,814 | -32.7% |
| Trade debts | 44 | €4,522 | - | -€4,522 | |
| Suppliers | 440/4 | €4,522 | - | -€4,522 | |
| Taxes, remuneration and social security | 45 | €1,098 | €228 | -€870 | -79.2% |
| Taxes | 450/3 | €1,098 | €228 | -€870 | -79.2% |
| Other amounts payable | 47/48 | €261,795 | €291,794 | +€29,999 | +11.5% |
| Accrued charges and deferred income | 492/3 | €322 | €331 | +€9 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,314 | €9,313 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,569 | €2,480 | +€911 | +58.1% |
| Gross operating margin | 9900 | -€30,890 | -€16,176 | +€14,714 | +47.6% |
| Operating profit (loss) | 9901 | -€41,773 | -€27,969 | +€13,804 | +33.0% |
| Financial income | 75/76B | €8,232 | €25 | -€8,207 | -99.7% |
| Recurring financial income | 75 | €8,232 | €25 | -€8,207 | -99.7% |
| Non-recurring financial income | 76B | €8,232 | - | -€8,232 | |
| Financial charges | 65/66B | €18,375 | €33,139 | +€14,764 | +80.3% |
| Recurring financial charges | 65 | €18,375 | €33,139 | +€14,764 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,916 | -€61,083 | -€9,167 | -17.7% |
| Income taxes | 67/77 | €1,099 | -€220 | -€1,319 | |
| Profit (loss) for the period | 9904 | -€53,015 | -€60,863 | -€7,848 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,015 | -€60,863 | -€7,848 | -14.8% |
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 14 October 2026 via checked.be.