AVEBO: 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.
AVEBO
Largest movements
- Cash +€29,248
up €29,248 (+88.7%), from €32,956 to €62,205
mainly Net result for the year (+€31,724) and Depreciation (+€9,560)
- Tangible fixed assets -€9,560
down €9,560 (-25.7%), from €37,139 to €27,578
- Receivables within one year +€4,786
up €4,786 (+1048.1%), from €457 to €5,242
of which Other amounts receivable: +€5,242
- Reserves +€30,208
up €30,208 (+58.8%), from €51,398 to €81,606
of which Distributable reserves: +€30,208
- Other debts -€5,190
down €5,190 (-42.3%), from €12,267 to €7,077
- Profit (loss) carried forward +€1,516
no longer reported in 2025 (was -€1,516)
- Tax, wage and social debts -€1,279
down €1,279 (-63.4%), from €2,018 to €739
- Gross operating margin +€47,392
up €47,392 (+443.9%), from €10,676 to €58,068
- Taxes +€15,702
up €15,702 (+5628.5%), from €279 to €15,981
- Depreciation +€1,211
up €1,211 (+14.5%), from €8,349 to €9,560
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 | €71,151 | €95,628 | +€24,477 | +34.4% |
| Fixed assets | 21/28 | €37,139 | €27,578 | -€9,560 | -25.7% |
| Tangible fixed assets | 22/27 | €37,139 | €27,578 | -€9,560 | -25.7% |
| Furniture and vehicles | 24 | €37,139 | €27,578 | -€9,560 | -25.7% |
| Current assets | 29/58 | €34,012 | €68,049 | +€34,037 | +100.1% |
| Amounts receivable within one year | 40/41 | €457 | €5,242 | +€4,786 | +1048.1% |
| Trade receivables | 40 | €457 | - | -€457 | |
| Other amounts receivable | 41 | - | €5,242 | +€5,242 | |
| Cash at bank and in hand | 54/58 | €32,956 | €62,205 | +€29,248 | +88.7% |
| Deferred charges and accrued income | 490/1 | €599 | €602 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €71,151 | €95,628 | +€24,477 | +34.4% |
| Equity | 10/15 | €56,082 | €87,806 | +€31,724 | +56.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,398 | €81,606 | +€30,208 | +58.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,538 | €79,746 | +€30,208 | +61.0% |
| Profit (loss) carried forward | 14 | -€1,516 | - | +€1,516 | |
| Amounts payable | 17/49 | €15,069 | €7,822 | -€7,247 | -48.1% |
| Amounts payable within one year | 42/48 | €15,069 | €7,822 | -€7,247 | -48.1% |
| Trade debts | 44 | €784 | €6 | -€778 | -99.2% |
| Suppliers | 440/4 | €784 | €6 | -€778 | -99.2% |
| Taxes, remuneration and social security | 45 | €2,018 | €739 | -€1,279 | -63.4% |
| Taxes | 450/3 | €2,018 | €739 | -€1,279 | -63.4% |
| Other amounts payable | 47/48 | €12,267 | €7,077 | -€5,190 | -42.3% |
| Non-recurring operating income | 76A | €4,557 | - | -€4,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,349 | €9,560 | +€1,211 | +14.5% |
| Other operating charges | 640/8 | €309 | €362 | +€53 | +17.2% |
| Gross operating margin | 9900 | €10,676 | €58,068 | +€47,392 | +443.9% |
| Operating profit (loss) | 9901 | €2,018 | €48,146 | +€46,128 | +2285.6% |
| Financial charges | 65/66B | €457 | €441 | -€16 | -3.5% |
| Recurring financial charges | 65 | €457 | €441 | -€16 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €1,561 | €47,705 | +€46,144 | +2956.3% |
| Income taxes | 67/77 | €279 | €15,981 | +€15,702 | +5628.5% |
| Profit (loss) for the period | 9904 | €1,282 | €31,724 | +€30,442 | +2374.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,282 | €31,724 | +€30,442 | +2374.7% |
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 9 October 2026 via checked.be.