AVE IMMO: what changed
Two fiscal 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 IMMO
Largest movements
- Stocks and contracts +€64,366
up €64,366 (+8.0%), from €801,564 to €865,930
- Trade debts +€46,472
up €46,472 (+88.1%), from €52,765 to €99,237
- Other debts +€33,290
up €33,290 (+204.3%), from €16,292 to €49,583
- Profit (loss) carried forward -€31,906
down €31,906 (-59.9%), from -€53,233 to -€85,139
- Short-term financial debts +€13,431
up €13,431 (+2.1%), from €625,985 to €639,416
- Financial charges -€6,328
down €6,328 (-17.5%), from €36,236 to €29,908
- Gross operating margin -€400
down €400 (-44.4%), from -€900 to -€1,300
- Other operating charges +€15
up €15 (+3.2%), from €472 to €487
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 | €808,388 | €870,802 | +€62,414 | +7.7% |
| Formation expenses | 20 | €430 | €220 | -€211 | -48.9% |
| Current assets | 29/58 | €807,958 | €870,582 | +€62,624 | +7.8% |
| Stocks and contracts in progress | 3 | €801,564 | €865,930 | +€64,366 | +8.0% |
| Stocks | 30/36 | €801,564 | €865,930 | +€64,366 | +8.0% |
| Amounts receivable within one year | 40/41 | €6,333 | €4,652 | -€1,681 | -26.5% |
| Trade receivables | 40 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 41 | €4,833 | €3,152 | -€1,681 | -34.8% |
| Cash at bank and in hand | 54/58 | €60 | €0 | -€60 | -100.0% |
| Total equity and liabilities | 10/49 | €808,388 | €870,802 | +€62,414 | +7.7% |
| Equity | 10/15 | €111,767 | €79,861 | -€31,906 | -28.5% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,233 | -€85,139 | -€31,906 | -59.9% |
| Amounts payable | 17/49 | €696,621 | €790,941 | +€94,320 | +13.5% |
| Amounts payable within one year | 42/48 | €695,042 | €788,235 | +€93,193 | +13.4% |
| Financial debts | 43 | €625,985 | €639,416 | +€13,431 | +2.1% |
| Credit institutions | 430/8 | €625,985 | €639,416 | +€13,431 | +2.1% |
| Trade debts | 44 | €52,765 | €99,237 | +€46,472 | +88.1% |
| Suppliers | 440/4 | €52,765 | €99,237 | +€46,472 | +88.1% |
| Other amounts payable | 47/48 | €16,292 | €49,583 | +€33,290 | +204.3% |
| Accrued charges and deferred income | 492/3 | €1,579 | €2,706 | +€1,127 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €211 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | -€900 | -€1,300 | -€400 | -44.4% |
| Operating profit (loss) | 9901 | -€1,583 | -€1,998 | -€415 | -26.2% |
| Financial charges | 65/66B | €36,236 | €29,908 | -€6,328 | -17.5% |
| Recurring financial charges | 65 | €36,236 | €29,908 | -€6,328 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,819 | -€31,906 | +€5,913 | +15.6% |
| Profit (loss) for the period | 9904 | -€37,819 | -€31,906 | +€5,913 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,819 | -€31,906 | +€5,913 | +15.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.