AVEC: 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.
AVEC
Largest movements
- Cash -€71,051
down €71,051 (-39.9%), from €178,047 to €106,996
mainly Contributions, distributions and other (-€135,000) and Receivables within one year (-€48,778)
- Receivables within one year +€48,778
up €48,778 (+5419.8%), from €900 to €49,678
of which Trade receivables: +€48,341
- Other debts -€45,250
down €45,250 (-28.3%), from €160,000 to €114,750
- Tax, wage and social debts +€22,381
up €22,381 (+282.7%), from €7,916 to €30,297
- Gross operating margin +€60,966
up €60,966 (+52.4%), from €116,395 to €177,361
- Taxes +€16,462
up €16,462 (+68.3%), from €24,100 to €40,562
- Depreciation -€3,043
down €3,043 (-81.7%), from €3,723 to €680
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 | €179,499 | €157,826 | -€21,673 | -12.1% |
| Fixed assets | 21/28 | €384 | €324 | -€60 | -15.6% |
| Tangible fixed assets | 22/27 | €384 | €324 | -€60 | -15.6% |
| Furniture and vehicles | 24 | €384 | €324 | -€60 | -15.6% |
| Current assets | 29/58 | €179,115 | €157,501 | -€21,614 | -12.1% |
| Amounts receivable within one year | 40/41 | €900 | €49,678 | +€48,778 | +5419.8% |
| Trade receivables | 40 | - | €48,341 | +€48,341 | |
| Other amounts receivable | 41 | €900 | €1,337 | +€437 | +48.5% |
| Cash at bank and in hand | 54/58 | €178,047 | €106,996 | -€71,051 | -39.9% |
| Deferred charges and accrued income | 490/1 | €168 | €827 | +€659 | +393.4% |
| Total equity and liabilities | 10/49 | €179,499 | €157,826 | -€21,673 | -12.1% |
| Equity | 10/15 | €11,493 | €11,608 | +€115 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,493 | €6,608 | +€115 | +1.8% |
| Amounts payable | 17/49 | €168,006 | €146,218 | -€21,788 | -13.0% |
| Amounts payable within one year | 42/48 | €167,991 | €145,218 | -€22,773 | -13.6% |
| Trade debts | 44 | €75 | €171 | +€96 | +128.5% |
| Suppliers | 440/4 | €75 | €171 | +€96 | +128.5% |
| Taxes, remuneration and social security | 45 | €7,916 | €30,297 | +€22,381 | +282.7% |
| Taxes | 450/3 | €7,916 | €30,297 | +€22,381 | +282.7% |
| Other amounts payable | 47/48 | €160,000 | €114,750 | -€45,250 | -28.3% |
| Accrued charges and deferred income | 492/3 | €15 | €1,000 | +€985 | +6566.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,723 | €680 | -€3,043 | -81.7% |
| Other operating charges | 640/8 | €885 | €960 | +€75 | +8.5% |
| Gross operating margin | 9900 | €116,395 | €177,361 | +€60,966 | +52.4% |
| Operating profit (loss) | 9901 | €111,787 | €175,721 | +€63,934 | +57.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.4% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.4% |
| Non-recurring financial income | 76B | €0 | €0 | -€0 | -94.4% |
| Financial charges | 65/66B | €63 | €45 | -€18 | -28.6% |
| Recurring financial charges | 65 | €63 | €45 | -€18 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €111,724 | €175,676 | +€63,952 | +57.2% |
| Income taxes | 67/77 | €24,100 | €40,562 | +€16,462 | +68.3% |
| Profit (loss) for the period | 9904 | €87,624 | €135,115 | +€47,490 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,624 | €135,115 | +€47,490 | +54.2% |
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 4 October 2026 via checked.be.