AVDMC: 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.
AVDMC
Largest movements
- Current investments +€200,000
up €200,000 (+100%), from €200,000 to €400,000
- Cash -€26,048
down €26,048 (-92.8%), from €28,082 to €2,034
mainly Current investments (-€200,000) and Receivables within one year (-€18,562)
- Receivables within one year +€18,562
new in 2025: €18,562
- Tangible fixed assets -€8,633
down €8,633 (-86.3%), from €10,001 to €1,368
- Reserves +€177,049
up €177,049 (+111%), from €159,416 to €336,465
- Other debts +€6,823
up €6,823 (+552%), from €1,235 to €8,058
- Gross operating margin +€8,785
up €8,785 (+3.6%), from €244,800 to €253,585
- Financial income +€5,400
new in 2025: €5,400
- Taxes -€4,181
down €4,181 (-5.4%), from €77,055 to €72,874
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 | €238,189 | €422,578 | +€184,389 | +77.4% |
| Fixed assets | 21/28 | €10,001 | €1,368 | -€8,633 | -86.3% |
| Tangible fixed assets | 22/27 | €10,001 | €1,368 | -€8,633 | -86.3% |
| Furniture and vehicles | 24 | €10,001 | €1,368 | -€8,633 | -86.3% |
| Current assets | 29/58 | €228,188 | €421,210 | +€193,022 | +84.6% |
| Amounts receivable within one year | 40/41 | - | €18,562 | +€18,562 | |
| Trade receivables | 40 | - | €18,562 | +€18,562 | |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100% |
| Cash at bank and in hand | 54/58 | €28,082 | €2,034 | -€26,048 | -92.8% |
| Deferred charges and accrued income | 490/1 | €106 | €615 | +€509 | +481% |
| Total equity and liabilities | 10/49 | €238,189 | €422,578 | +€184,389 | +77.4% |
| Equity | 10/15 | €159,417 | €336,466 | +€177,049 | +111% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €159,416 | €336,465 | +€177,049 | +111% |
| Distributable reserves | 133 | €159,416 | €336,465 | +€177,049 | +111% |
| Amounts payable | 17/49 | €78,772 | €86,112 | +€7,340 | +9.3% |
| Amounts payable within one year | 42/48 | €78,772 | €86,112 | +€7,340 | +9.3% |
| Trade debts | 44 | €482 | €1,800 | +€1,318 | +273% |
| Suppliers | 440/4 | €482 | €1,800 | +€1,318 | +273% |
| Taxes, remuneration and social security | 45 | €77,055 | €76,254 | -€801 | -1.0% |
| Taxes | 450/3 | €77,055 | €76,254 | -€801 | -1.0% |
| Other amounts payable | 47/48 | €1,235 | €8,058 | +€6,823 | +552% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,265 | €8,633 | +€1,368 | +18.8% |
| Other operating charges | 640/8 | €993 | €350 | -€643 | -64.8% |
| Gross operating margin | 9900 | €244,800 | €253,585 | +€8,785 | +3.6% |
| Operating profit (loss) | 9901 | €236,542 | €244,602 | +€8,060 | +3.4% |
| Financial income | 75/76B | - | €5,400 | +€5,400 | |
| Recurring financial income | 75 | - | €5,400 | +€5,400 | |
| Financial charges | 65/66B | €71 | €78 | +€7 | +10.0% |
| Recurring financial charges | 65 | €71 | €78 | +€7 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €236,471 | €249,923 | +€13,453 | +5.7% |
| Income taxes | 67/77 | €77,055 | €72,874 | -€4,181 | -5.4% |
| Profit (loss) for the period | 9904 | €159,416 | €177,049 | +€17,633 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €159,416 | €177,049 | +€17,633 | +11.1% |
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 14 October 2026 via checked.be.