AVE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€18,771
up €18,771 (+18.6%), from €101,189 to €119,960
mainly Net result for the year (+€66,245) and Receivables within one year (+€13,680)
- Receivables within one year -€13,680
down €13,680 (-47.0%), from €29,096 to €15,416
of which Other amounts receivable: -€12,596
- Tax, wage and social debts +€3,457
up €3,457 (+54.9%), from €6,296 to €9,753
- Taxes +€6,147
up €6,147 (+33.4%), from €18,378 to €24,525
- Gross operating margin +€5,038
up €5,038 (+5.9%), from €85,008 to €90,046
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 | €193,248 | €198,421 | +€5,173 | +2.7% |
| Current assets | 29/58 | €193,248 | €198,421 | +€5,173 | +2.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,096 | €15,416 | -€13,680 | -47.0% |
| Trade receivables | 40 | €13,868 | €12,784 | -€1,084 | -7.8% |
| Other amounts receivable | 41 | €15,228 | €2,633 | -€12,596 | -82.7% |
| Cash at bank and in hand | 54/58 | €101,189 | €119,960 | +€18,771 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,963 | €3,045 | +€82 | +2.8% |
| Total equity and liabilities | 10/49 | €193,248 | €198,421 | +€5,173 | +2.7% |
| Equity | 10/15 | €121,142 | €121,142 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,142 | €116,142 | = | 0.0% |
| Distributable reserves | 133 | €116,142 | €116,142 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,106 | €77,279 | +€5,173 | +7.2% |
| Amounts payable within one year | 42/48 | €72,024 | €77,230 | +€5,206 | +7.2% |
| Trade debts | 44 | €528 | €1,232 | +€704 | +133.3% |
| Suppliers | 440/4 | €528 | €1,232 | +€704 | +133.3% |
| Advances received on contracts in progress | 46 | €200 | €0 | -€200 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,296 | €9,753 | +€3,457 | +54.9% |
| Taxes | 450/3 | €6,296 | €9,753 | +€3,457 | +54.9% |
| Other amounts payable | 47/48 | €65,000 | €66,245 | +€1,245 | +1.9% |
| Accrued charges and deferred income | 492/3 | €82 | €49 | -€33 | -40.0% |
| Other operating charges | 640/8 | €861 | €783 | -€78 | -9.0% |
| Gross operating margin | 9900 | €85,008 | €90,046 | +€5,038 | +5.9% |
| Operating profit (loss) | 9901 | €84,147 | €89,263 | +€5,116 | +6.1% |
| Financial income | 75/76B | €3,438 | €3,067 | -€370 | -10.8% |
| Recurring financial income | 75 | €3,438 | €3,067 | -€370 | -10.8% |
| Financial charges | 65/66B | €1,665 | €1,561 | -€104 | -6.3% |
| Recurring financial charges | 65 | €1,665 | €1,561 | -€104 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €85,920 | €90,770 | +€4,850 | +5.6% |
| Income taxes | 67/77 | €18,378 | €24,525 | +€6,147 | +33.4% |
| Profit (loss) for the period | 9904 | €67,542 | €66,245 | -€1,297 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,542 | €66,245 | -€1,297 | -1.9% |
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 8 October 2026 via checked.be.