AVDS: 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.
AVDS
Largest movements
- Receivables within one year -€151,166
down €151,166 (-87.9%), from €172,040 to €20,874
of which Other amounts receivable: -€105,859
- Cash +€146,544
up €146,544 (+67.3%), from €217,807 to €364,351
mainly Receivables within one year (+€151,166) and Net result for the year (+€131,730)
- Deferred charges and accrued income +€9,036
up €9,036 (+905%), from €999 to €10,035
- Reserves +€131,730
up €131,730 (+61.6%), from €213,995 to €345,725
- Trade debts -€117,090
down €117,090 (-98.6%), from €118,765 to €1,675
- Tax, wage and social debts -€7,617
down €7,617 (-13.3%), from €57,087 to €49,469
- Gross operating margin +€21,188
up €21,188 (+13.3%), from €159,083 to €180,271
- Taxes +€5,900
up €5,900 (+18.2%), from €32,471 to €38,371
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 | €390,846 | €398,217 | +€7,370 | +1.9% |
| Fixed assets | 21/28 | - | €2,956 | +€2,956 | |
| Tangible fixed assets | 22/27 | - | €2,956 | +€2,956 | |
| Other tangible fixed assets | 26 | - | €2,956 | +€2,956 | |
| Current assets | 29/58 | €390,846 | €395,260 | +€4,414 | +1.1% |
| Amounts receivable within one year | 40/41 | €172,040 | €20,874 | -€151,166 | -87.9% |
| Trade receivables | 40 | €66,181 | €20,874 | -€45,307 | -68.5% |
| Other amounts receivable | 41 | €105,859 | €0 | -€105,859 | -100% |
| Cash at bank and in hand | 54/58 | €217,807 | €364,351 | +€146,544 | +67.3% |
| Deferred charges and accrued income | 490/1 | €999 | €10,035 | +€9,036 | +905% |
| Total equity and liabilities | 10/49 | €390,846 | €398,217 | +€7,370 | +1.9% |
| Equity | 10/15 | €214,995 | €346,725 | +€131,730 | +61.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €213,995 | €345,725 | +€131,730 | +61.6% |
| Distributable reserves | 133 | €213,995 | €345,725 | +€131,730 | +61.6% |
| Amounts payable | 17/49 | €175,851 | €51,492 | -€124,360 | -70.7% |
| Amounts payable within one year | 42/48 | €175,851 | €51,492 | -€124,360 | -70.7% |
| Trade debts | 44 | €118,765 | €1,675 | -€117,090 | -98.6% |
| Suppliers | 440/4 | €118,765 | €1,675 | -€117,090 | -98.6% |
| Taxes, remuneration and social security | 45 | €57,087 | €49,469 | -€7,617 | -13.3% |
| Taxes | 450/3 | €57,087 | €49,469 | -€7,617 | -13.3% |
| Other amounts payable | 47/48 | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14 | +€14 | |
| Other operating charges | 640/8 | €10,034 | €8,324 | -€1,711 | -17.0% |
| Gross operating margin | 9900 | €159,083 | €180,271 | +€21,188 | +13.3% |
| Operating profit (loss) | 9901 | €149,049 | €171,934 | +€22,885 | +15.4% |
| Financial income | 75/76B | €148 | €0 | -€148 | -100% |
| Recurring financial income | 75 | €148 | €0 | -€148 | -100% |
| Financial charges | 65/66B | €1,608 | €1,833 | +€226 | +14.0% |
| Recurring financial charges | 65 | €1,608 | €1,833 | +€226 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €147,590 | €170,101 | +€22,511 | +15.3% |
| Income taxes | 67/77 | €32,471 | €38,371 | +€5,900 | +18.2% |
| Profit (loss) for the period | 9904 | €115,119 | €131,730 | +€16,611 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €115,119 | €131,730 | +€16,611 | +14.4% |
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 15 October 2026 via checked.be.