AVENCOBIM: 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.
AVENCOBIM
Largest movements
- Receivables within one year -€13,028
down €13,028 (-19.1%), from €68,258 to €55,230
of which Trade receivables: -€18,820
- Cash +€5,668
up €5,668 (+190.8%), from €2,970 to €8,638
mainly Depreciation (+€37,505) and Receivables within one year (+€13,028)
- Accrued charges and deferred income -€10,478
down €10,478 (-17.5%), from €59,763 to €49,285
- Profit (loss) carried forward -€5,655
down €5,655 (-12.0%), from -€47,198 to -€52,853
- Gross operating margin +€60,062
up €60,062 (+259.7%), from €23,123 to €83,185
- Staff costs +€12,117
up €12,117 (+42.5%), from €28,488 to €40,605
- Other operating charges +€1,626
up €1,626 (+17.9%), from €9,060 to €10,685
- Depreciation +€1,063
up €1,063 (+2.9%), from €36,442 to €37,505
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,914 | €544,491 | -€8,423 | -1.5% |
| Fixed assets | 21/28 | €473,111 | €469,966 | -€3,145 | -0.7% |
| Intangible fixed assets | 21 | €3,503 | €1,945 | -€1,558 | -44.5% |
| Tangible fixed assets | 22/27 | €469,608 | €468,022 | -€1,586 | -0.3% |
| Land and buildings | 22 | €435,303 | €410,186 | -€25,117 | -5.8% |
| Plant, machinery and equipment | 23 | €8,298 | €4,246 | -€4,051 | -48.8% |
| Furniture and vehicles | 24 | €26,008 | €19,229 | -€6,778 | -26.1% |
| Assets under construction and advance payments | 27 | - | €34,360 | +€34,360 | |
| Current assets | 29/58 | €79,803 | €74,525 | -€5,278 | -6.6% |
| Amounts receivable within one year | 40/41 | €68,258 | €55,230 | -€13,028 | -19.1% |
| Trade receivables | 40 | €63,770 | €44,950 | -€18,820 | -29.5% |
| Other amounts receivable | 41 | €4,488 | €10,280 | +€5,792 | +129.1% |
| Cash at bank and in hand | 54/58 | €2,970 | €8,638 | +€5,668 | +190.8% |
| Deferred charges and accrued income | 490/1 | €8,575 | €10,657 | +€2,083 | +24.3% |
| Total equity and liabilities | 10/49 | €552,914 | €544,491 | -€8,423 | -1.5% |
| Equity | 10/15 | €21,364 | €15,709 | -€5,655 | -26.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €7,062 | €7,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,062 | €7,062 | = | 0.0% |
| Legal reserve | 130 | €7,062 | €7,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,198 | -€52,853 | -€5,655 | -12.0% |
| Amounts payable | 17/49 | €531,550 | €528,782 | -€2,768 | -0.5% |
| Amounts payable after more than one year | 17 | €460,000 | €464,000 | +€4,000 | +0.9% |
| Other amounts payable | 178/9 | €460,000 | €464,000 | +€4,000 | +0.9% |
| Amounts payable within one year | 42/48 | €11,787 | €15,497 | +€3,710 | +31.5% |
| Trade debts | 44 | €9,364 | €11,987 | +€2,623 | +28.0% |
| Suppliers | 440/4 | €9,364 | €11,987 | +€2,623 | +28.0% |
| Taxes, remuneration and social security | 45 | €2,422 | €3,510 | +€1,088 | +44.9% |
| Taxes | 450/3 | €153 | €153 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,270 | €3,357 | +€1,088 | +47.9% |
| Accrued charges and deferred income | 492/3 | €59,763 | €49,285 | -€10,478 | -17.5% |
| Remuneration, social security and pensions | 62 | €28,488 | €40,605 | +€12,117 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,442 | €37,505 | +€1,063 | +2.9% |
| Other operating charges | 640/8 | €9,060 | €10,685 | +€1,626 | +17.9% |
| Gross operating margin | 9900 | €23,123 | €83,185 | +€60,062 | +259.7% |
| Operating profit (loss) | 9901 | -€50,866 | -€5,609 | +€45,256 | +89.0% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €89 | €94 | +€5 | +5.9% |
| Recurring financial charges | 65 | €89 | €94 | +€5 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,955 | -€5,655 | +€45,300 | +88.9% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€50,955 | -€5,655 | +€45,300 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,955 | -€5,655 | +€45,300 | +88.9% |
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 5 October 2026 via checked.be.