AVCI Construct: 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.
AVCI Construct
Largest movements
- Tangible fixed assets +€24,976
up €24,976 (+27.5%), from €90,957 to €115,932
of which Furniture and vehicles: +€23,552
- Receivables within one year +€17,775
up €17,775 (+7.9%), from €225,322 to €243,097
of which Trade receivables: +€21,374
- Deferred charges and accrued income -€5,782
no longer reported in 2025 (was €5,782)
- Debts after one year +€26,856
up €26,856 (+65.5%), from €40,991 to €67,847
- Profit (loss) carried forward +€22,366
up €22,366 (+28.7%), from €77,858 to €100,224
- Trade debts -€12,203
down €12,203 (-6.6%), from €185,624 to €173,421
- Tax, wage and social debts +€6,000
up €6,000 (+46.0%), from €13,057 to €19,057
- Current portion of long-term debt -€4,163
down €4,163 (-13.7%), from €30,451 to €26,288
- Gross operating margin -€21,138
down €21,138 (-19.5%), from €108,595 to €87,456
- Depreciation +€12,500
up €12,500 (+40.3%), from €31,003 to €43,503
- Taxes -€7,165
down €7,165 (-49.8%), from €14,384 to €7,219
- Other operating charges -€2,357
down €2,357 (-25.3%), from €9,304 to €6,947
- Financial charges -€1,118
down €1,118 (-16.2%), from €6,908 to €5,790
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 | €361,807 | €400,663 | +€38,856 | +10.7% |
| Fixed assets | 21/28 | €91,091 | €116,067 | +€24,976 | +27.4% |
| Tangible fixed assets | 22/27 | €90,957 | €115,932 | +€24,976 | +27.5% |
| Plant, machinery and equipment | 23 | €16,418 | €17,842 | +€1,424 | +8.7% |
| Furniture and vehicles | 24 | €74,538 | €98,090 | +€23,552 | +31.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €270,716 | €284,596 | +€13,880 | +5.1% |
| Amounts receivable within one year | 40/41 | €225,322 | €243,097 | +€17,775 | +7.9% |
| Trade receivables | 40 | €184,847 | €206,221 | +€21,374 | +11.6% |
| Other amounts receivable | 41 | €40,475 | €36,876 | -€3,599 | -8.9% |
| Cash at bank and in hand | 54/58 | €39,612 | €41,499 | +€1,887 | +4.8% |
| Deferred charges and accrued income | 490/1 | €5,782 | - | -€5,782 | |
| Total equity and liabilities | 10/49 | €361,807 | €400,663 | +€38,856 | +10.7% |
| Equity | 10/15 | €91,684 | €114,050 | +€22,366 | +24.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,326 | €1,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,326 | €1,326 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,326 | €1,326 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,858 | €100,224 | +€22,366 | +28.7% |
| Amounts payable | 17/49 | €270,123 | €286,613 | +€16,490 | +6.1% |
| Amounts payable after more than one year | 17 | €40,991 | €67,847 | +€26,856 | +65.5% |
| Financial debts | 170/4 | €40,991 | €67,847 | +€26,856 | +65.5% |
| Amounts payable within one year | 42/48 | €229,132 | €218,766 | -€10,366 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €30,451 | €26,288 | -€4,163 | -13.7% |
| Trade debts | 44 | €185,624 | €173,421 | -€12,203 | -6.6% |
| Suppliers | 440/4 | €185,624 | €173,421 | -€12,203 | -6.6% |
| Taxes, remuneration and social security | 45 | €13,057 | €19,057 | +€6,000 | +46.0% |
| Taxes | 450/3 | €13,057 | €19,057 | +€6,000 | +46.0% |
| Remuneration, social security and pensions | 62 | €719 | €1,577 | +€858 | +119.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,003 | €43,503 | +€12,500 | +40.3% |
| Other operating charges | 640/8 | €9,304 | €6,947 | -€2,357 | -25.3% |
| Non-recurring operating charges | 66A | €6,604 | €1,963 | -€4,641 | -70.3% |
| Gross operating margin | 9900 | €108,595 | €87,456 | -€21,138 | -19.5% |
| Operating profit (loss) | 9901 | €60,965 | €33,466 | -€27,499 | -45.1% |
| Financial income | 75/76B | €2,267 | €1,909 | -€358 | -15.8% |
| Recurring financial income | 75 | €2,267 | €1,909 | -€358 | -15.8% |
| Financial charges | 65/66B | €6,908 | €5,790 | -€1,118 | -16.2% |
| Recurring financial charges | 65 | €6,908 | €5,790 | -€1,118 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €56,323 | €29,585 | -€26,738 | -47.5% |
| Income taxes | 67/77 | €14,384 | €7,219 | -€7,165 | -49.8% |
| Profit (loss) for the period | 9904 | €41,939 | €22,366 | -€19,574 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,939 | €22,366 | -€19,574 | -46.7% |
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 8 October 2026 via checked.be.