AVEJA: 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.
AVEJA
Largest movements
- Current investments +€200,877
new in 2025: €200,877
- Receivables within one year -€61,040
down €61,040 (-35.2%), from €173,202 to €112,162
of which Trade receivables: -€61,721
- Tangible fixed assets -€36,536
down €36,536 (-30.6%), from €119,377 to €82,841
of which Furniture and vehicles: -€24,170
- Cash -€31,456
down €31,456 (-9.5%), from €331,462 to €300,006
mainly Current investments (-€200,877) and Contributions, distributions and other (-€55,658)
- Reserves +€78,251
up €78,251 (+18.3%), from €427,947 to €506,198
of which Distributable reserves: +€78,251
- Gross operating margin -€48,939
down €48,939 (-17.2%), from €284,114 to €235,175
- Taxes -€22,717
down €22,717 (-28.2%), from €80,605 to €57,888
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 | €707,643 | €779,351 | +€71,708 | +10.1% |
| Fixed assets | 21/28 | €200,977 | €164,441 | -€36,536 | -18.2% |
| Tangible fixed assets | 22/27 | €119,377 | €82,841 | -€36,536 | -30.6% |
| Plant, machinery and equipment | 23 | €42,980 | €31,521 | -€11,458 | -26.7% |
| Furniture and vehicles | 24 | €56,751 | €32,581 | -€24,170 | -42.6% |
| Other tangible fixed assets | 26 | €19,646 | €18,739 | -€907 | -4.6% |
| Financial fixed assets | 28 | €81,600 | €81,600 | = | 0.0% |
| Current assets | 29/58 | €506,666 | €614,910 | +€108,244 | +21.4% |
| Amounts receivable within one year | 40/41 | €173,202 | €112,162 | -€61,040 | -35.2% |
| Trade receivables | 40 | €173,202 | €111,481 | -€61,721 | -35.6% |
| Other amounts receivable | 41 | €0 | €681 | +€681 | |
| Current investments | 50/53 | - | €200,877 | +€200,877 | |
| Cash at bank and in hand | 54/58 | €331,462 | €300,006 | -€31,456 | -9.5% |
| Deferred charges and accrued income | 490/1 | €2,001 | €1,865 | -€136 | -6.8% |
| Total equity and liabilities | 10/49 | €707,643 | €779,351 | +€71,708 | +10.1% |
| Equity | 10/15 | €663,207 | €741,458 | +€78,251 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,947 | €506,198 | +€78,251 | +18.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €133,824 | €133,824 | = | 0.0% |
| Distributable reserves | 133 | €294,122 | €372,373 | +€78,251 | +26.6% |
| Profit (loss) carried forward | 14 | €216,661 | €216,661 | = | 0.0% |
| Amounts payable | 17/49 | €44,435 | €37,893 | -€6,543 | -14.7% |
| Amounts payable within one year | 42/48 | €44,435 | €37,893 | -€6,543 | -14.7% |
| Financial debts | 43 | €148 | €0 | -€148 | -100.0% |
| Credit institutions | 430/8 | €148 | €0 | -€148 | -100.0% |
| Trade debts | 44 | €190 | €650 | +€460 | +241.7% |
| Suppliers | 440/4 | €190 | €650 | +€460 | +241.7% |
| Taxes, remuneration and social security | 45 | €42,055 | €34,537 | -€7,518 | -17.9% |
| Taxes | 450/3 | €42,055 | €34,537 | -€7,518 | -17.9% |
| Other amounts payable | 47/48 | €2,043 | €2,706 | +€663 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,389 | €43,671 | +€1,282 | +3.0% |
| Other operating charges | 640/8 | €805 | €1,401 | +€596 | +74.0% |
| Gross operating margin | 9900 | €284,114 | €235,175 | -€48,939 | -17.2% |
| Operating profit (loss) | 9901 | €240,921 | €190,104 | -€50,817 | -21.1% |
| Financial income | 75/76B | €658 | €2,835 | +€2,178 | +331.2% |
| Recurring financial income | 75 | €658 | €2,835 | +€2,178 | +331.2% |
| Financial charges | 65/66B | €565 | €1,141 | +€576 | +101.9% |
| Recurring financial charges | 65 | €565 | €1,141 | +€576 | +101.9% |
| Profit (loss) for the period before taxes | 9903 | €241,013 | €191,798 | -€49,215 | -20.4% |
| Income taxes | 67/77 | €80,605 | €57,888 | -€22,717 | -28.2% |
| Profit (loss) for the period | 9904 | €160,408 | €133,909 | -€26,499 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €160,408 | €133,909 | -€26,499 | -16.5% |
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.