AVDH TOITURES: 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.
AVDH TOITURES
Largest movements
- Cash +€19,208
up €19,208 (+379%), from €5,073 to €24,281
mainly Depreciation (+€23,017) and Current portion of long-term debt (+€14,081)
- Tangible fixed assets -€7,675
down €7,675 (-9.3%), from €82,542 to €74,867
of which Plant, machinery and equipment: -€4,583
- Receivables within one year +€1,846
up €1,846 (+74.6%), from €2,472 to €4,318
of which Trade receivables: +€1,242
- Other debts -€15,328
down €15,328 (-22.3%), from €68,681 to €53,353
- Current portion of long-term debt +€14,081
new in 2025: €14,081
- Debts after one year +€11,718
new in 2025: €11,718
- Profit (loss) carried forward +€5,047
up €5,047 (+79.7%), from €6,334 to €11,381
- Trade debts -€3,635
down €3,635 (-50.7%), from €7,174 to €3,539
- Gross operating margin +€18,284
up €18,284 (+117%), from €15,668 to €33,952
- Depreciation +€16,467
up €16,467 (+251%), from €6,550 to €23,017
- Financial charges +€1,613
up €1,613 (+6,633%), from €24 to €1,638
- Other operating charges +€917
up €917 (+7,264%), from €13 to €930
- Taxes +€600
up €600 (+31.8%), from €1,889 to €2,489
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 | €90,224 | €104,052 | +€13,828 | +15.3% |
| Fixed assets | 21/28 | €82,542 | €74,867 | -€7,675 | -9.3% |
| Tangible fixed assets | 22/27 | €82,542 | €74,867 | -€7,675 | -9.3% |
| Plant, machinery and equipment | 23 | €12,355 | €7,772 | -€4,583 | -37.1% |
| Furniture and vehicles | 24 | €70,187 | €67,095 | -€3,092 | -4.4% |
| Current assets | 29/58 | €7,682 | €29,185 | +€21,503 | +280% |
| Amounts receivable within one year | 40/41 | €2,472 | €4,318 | +€1,846 | +74.6% |
| Trade receivables | 40 | €551 | €1,793 | +€1,242 | +225% |
| Other amounts receivable | 41 | €1,921 | €2,525 | +€604 | +31.4% |
| Cash at bank and in hand | 54/58 | €5,073 | €24,281 | +€19,208 | +379% |
| Deferred charges and accrued income | 490/1 | €136 | €586 | +€449 | +330% |
| Total equity and liabilities | 10/49 | €90,224 | €104,052 | +€13,828 | +15.3% |
| Equity | 10/15 | €11,334 | €16,381 | +€5,047 | +44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,334 | €11,381 | +€5,047 | +79.7% |
| Amounts payable | 17/49 | €78,890 | €87,671 | +€8,781 | +11.1% |
| Amounts payable after more than one year | 17 | - | €11,718 | +€11,718 | |
| Financial debts | 170/4 | - | €11,718 | +€11,718 | |
| Amounts payable within one year | 42/48 | €78,870 | €75,916 | -€2,953 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €14,081 | +€14,081 | |
| Trade debts | 44 | €7,174 | €3,539 | -€3,635 | -50.7% |
| Suppliers | 440/4 | €7,174 | €3,539 | -€3,635 | -50.7% |
| Taxes, remuneration and social security | 45 | €3,015 | €4,944 | +€1,928 | +63.9% |
| Taxes | 450/3 | €3,015 | €4,944 | +€1,928 | +63.9% |
| Other amounts payable | 47/48 | €68,681 | €53,353 | -€15,328 | -22.3% |
| Accrued charges and deferred income | 492/3 | €20 | €37 | +€17 | +84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,550 | €23,017 | +€16,467 | +251% |
| Other operating charges | 640/8 | €13 | €930 | +€917 | +7,264% |
| Gross operating margin | 9900 | €15,668 | €33,952 | +€18,284 | +117% |
| Operating profit (loss) | 9901 | €9,106 | €10,005 | +€899 | +9.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €24 | €1,638 | +€1,613 | +6,633% |
| Recurring financial charges | 65 | €24 | €1,638 | +€1,613 | +6,633% |
| Profit (loss) for the period before taxes | 9903 | €9,082 | €8,369 | -€713 | -7.8% |
| Income taxes | 67/77 | €1,889 | €2,489 | +€600 | +31.8% |
| Profit (loss) for the period | 9904 | €7,193 | €5,880 | -€1,313 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,193 | €5,880 | -€1,313 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.