AVD CONSTRUCTION: 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.
AVD CONSTRUCTION
Largest movements
- Cash -€45,050
down €45,050 (-43.9%), from €102,627 to €57,578
mainly Contributions, distributions and other (-€87,701) and Tax, wage and social debts (-€13,342)
- Receivables within one year -€24,251
down €24,251 (-80.6%), from €30,099 to €5,848
of which Trade receivables: -€22,875
- Tangible fixed assets +€10,591
up €10,591 (+2341.1%), from €452 to €11,043
of which Land and buildings: +€10,817
- Reserves -€87,701
down €87,701 (-100.0%), from €87,701 to €0
- Other debts +€44,670
up €44,670 (+150.9%), from €29,596 to €74,265
- Tax, wage and social debts -€13,342
down €13,342 (-100.0%), from €13,342 to €0
- Profit (loss) carried forward -€6,125
new in 2025: -€6,125
- Trade debts +€4,182
up €4,182 (+96.3%), from €4,341 to €8,523
- Gross operating margin -€37,763
down €37,763 (-86.3%), from €43,756 to €5,993
- Write-downs +€9,467
new in 2025: €9,467
- Taxes -€8,691
down €8,691 (-100.0%), from €8,691 to €0
- Other operating charges +€617
up €617 (+86.7%), from €712 to €1,329
- Depreciation +€545
up €545 (+240.8%), from €226 to €771
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 | €136,980 | €78,664 | -€58,315 | -42.6% |
| Fixed assets | 21/28 | €452 | €11,043 | +€10,591 | +2341.1% |
| Tangible fixed assets | 22/27 | €452 | €11,043 | +€10,591 | +2341.1% |
| Land and buildings | 22 | - | €10,817 | +€10,817 | |
| Plant, machinery and equipment | 23 | €452 | €226 | -€226 | -50.0% |
| Current assets | 29/58 | €136,527 | €67,621 | -€68,906 | -50.5% |
| Stocks and contracts in progress | 3 | €3,801 | €3,801 | = | 0.0% |
| Stocks | 30/36 | €3,801 | €3,801 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,099 | €5,848 | -€24,251 | -80.6% |
| Trade receivables | 40 | €26,269 | €3,394 | -€22,875 | -87.1% |
| Other amounts receivable | 41 | €3,830 | €2,454 | -€1,376 | -35.9% |
| Cash at bank and in hand | 54/58 | €102,627 | €57,578 | -€45,050 | -43.9% |
| Deferred charges and accrued income | 490/1 | - | €394 | +€394 | |
| Total equity and liabilities | 10/49 | €136,980 | €78,664 | -€58,315 | -42.6% |
| Equity | 10/15 | €89,701 | -€4,125 | -€93,826 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,701 | €0 | -€87,701 | -100.0% |
| Distributable reserves | 133 | €87,701 | €0 | -€87,701 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€6,125 | -€6,125 | |
| Amounts payable | 17/49 | €47,279 | €82,789 | +€35,510 | +75.1% |
| Amounts payable within one year | 42/48 | €47,279 | €82,789 | +€35,510 | +75.1% |
| Trade debts | 44 | €4,341 | €8,523 | +€4,182 | +96.3% |
| Suppliers | 440/4 | €4,341 | €8,523 | +€4,182 | +96.3% |
| Taxes, remuneration and social security | 45 | €13,342 | €0 | -€13,342 | -100.0% |
| Taxes | 450/3 | €13,342 | €0 | -€13,342 | -100.0% |
| Other amounts payable | 47/48 | €29,596 | €74,265 | +€44,670 | +150.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €771 | +€545 | +240.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,467 | +€9,467 | |
| Other operating charges | 640/8 | €712 | €1,329 | +€617 | +86.7% |
| Gross operating margin | 9900 | €43,756 | €5,993 | -€37,763 | -86.3% |
| Operating profit (loss) | 9901 | €42,818 | -€5,573 | -€48,391 | |
| Financial income | 75/76B | €150 | €10 | -€140 | -93.5% |
| Recurring financial income | 75 | €150 | €10 | -€140 | -93.5% |
| Financial charges | 65/66B | €795 | €561 | -€233 | -29.4% |
| Recurring financial charges | 65 | €795 | €561 | -€233 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €42,173 | -€6,125 | -€48,298 | |
| Income taxes | 67/77 | €8,691 | €0 | -€8,691 | -100.0% |
| Profit (loss) for the period | 9904 | €33,482 | -€6,125 | -€39,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,482 | -€6,125 | -€39,607 |
Source: filed annual accounts (NBB), financial years ended 1 December 2024 and 1 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.