AVE BUILDING: 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.
AVE BUILDING
Largest movements
- Stocks and contracts +€1.1m
up €1.1m (+110%), from €996,821 to €2.1m
- Cash +€246,084
up €246,084 (+1,536%), from €16,021 to €262,106
mainly Debts after one year (+€780,597) and Trade debts (+€286,642)
- Receivables within one year +€184,139
up €184,139 (+220%), from €83,649 to €267,788
of which Other amounts receivable: +€169,878
- Debts after one year +€780,597
up €780,597 (+74.8%), from €1.0m to €1.8m
- Trade debts +€286,642
new in 2025: €286,642
- Tax, wage and social debts +€196,530
new in 2025: €196,530
- Reserves +€139,517
up €139,517 (+21,235%), from €657 to €140,174
- Other debts +€119,610
up €119,610 (+252%), from €47,500 to €167,110
- Gross operating margin +€242,616
up €242,616, from -€369 to €242,247
- Financial charges +€59,281
up €59,281 (+2,454%), from €2,415 to €61,696
- Taxes +€49,757
new in 2025: €49,757
- Financial income +€14,727
new in 2025: €14,727
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 | €1,096,492 | €2,622,678 | +€1.5m | +139% |
| Current assets | 29/58 | €1,096,492 | €2,622,678 | +€1.5m | +139% |
| Stocks and contracts in progress | 3 | €996,821 | €2,092,785 | +€1.1m | +110% |
| Contracts in progress | 37 | €996,821 | €2,092,785 | +€1.1m | +110% |
| Amounts receivable within one year | 40/41 | €83,649 | €267,788 | +€184,139 | +220% |
| Trade receivables | 40 | €68,934 | €83,195 | +€14,261 | +20.7% |
| Other amounts receivable | 41 | €14,715 | €184,592 | +€169,878 | +1,154% |
| Cash at bank and in hand | 54/58 | €16,021 | €262,106 | +€246,084 | +1,536% |
| Total equity and liabilities | 10/49 | €1,096,492 | €2,622,678 | +€1.5m | +139% |
| Equity | 10/15 | €4,868 | €147,674 | +€142,807 | +2,934% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €657 | €140,174 | +€139,517 | +21,235% |
| Distributable reserves | 133 | €657 | €140,174 | +€139,517 | +21,235% |
| Profit (loss) carried forward | 14 | -€3,289 | - | +€3,289 | |
| Amounts payable | 17/49 | €1,091,624 | €2,475,004 | +€1.4m | +127% |
| Amounts payable after more than one year | 17 | €1,044,124 | €1,824,721 | +€780,597 | +74.8% |
| Financial debts | 170/4 | €1,044,124 | €1,824,721 | +€780,597 | +74.8% |
| Amounts payable within one year | 42/48 | €47,500 | €650,282 | +€602,782 | +1,269% |
| Trade debts | 44 | - | €286,642 | +€286,642 | |
| Suppliers | 440/4 | - | €286,642 | +€286,642 | |
| Taxes, remuneration and social security | 45 | - | €196,530 | +€196,530 | |
| Taxes | 450/3 | - | €196,530 | +€196,530 | |
| Other amounts payable | 47/48 | €47,500 | €167,110 | +€119,610 | +252% |
| Other operating charges | 640/8 | €505 | €2,714 | +€2,209 | +437% |
| Gross operating margin | 9900 | -€369 | €242,247 | +€242,616 | |
| Operating profit (loss) | 9901 | -€874 | €239,533 | +€240,407 | |
| Financial income | 75/76B | - | €14,727 | +€14,727 | |
| Recurring financial income | 75 | - | €14,727 | +€14,727 | |
| Financial charges | 65/66B | €2,415 | €61,696 | +€59,281 | +2,454% |
| Recurring financial charges | 65 | €2,415 | €61,696 | +€59,281 | +2,454% |
| Profit (loss) for the period before taxes | 9903 | -€3,289 | €192,564 | +€195,853 | |
| Income taxes | 67/77 | - | €49,757 | +€49,757 | |
| Profit (loss) for the period | 9904 | -€3,289 | €142,807 | +€146,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,289 | €142,807 | +€146,096 |
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.