AVERIN: 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.
AVERIN
Largest movements
- Receivables within one year +€117,591
up €117,591 (+17.5%), from €670,539 to €788,130
of which Other amounts receivable: +€268,251
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€52,078
up €52,078 (+182.2%), from €28,588 to €80,666
mainly Net result for the year (+€601,667) and Current investments (+€100,000)
- Reserves +€508,715
up €508,715 (+32.4%), from €1.6m to €2.1m
of which Distributable reserves: +€508,715
- Other debts -€226,726
down €226,726 (-42.1%), from €538,529 to €311,802
- Debts after one year -€220,906
down €220,906 (-18.8%), from €1.2m to €951,069
of which Financial debts: -€220,906
- Gross operating margin -€257,573
down €257,573 (-39.6%), from €649,646 to €392,073
- Taxes -€64,336
down €64,336 (-36.7%), from €175,189 to €110,853
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 | €3,639,817 | €3,723,652 | +€83,835 | +2.3% |
| Fixed assets | 21/28 | €2,811,151 | €2,794,525 | -€16,626 | -0.6% |
| Tangible fixed assets | 22/27 | €61,151 | €44,525 | -€16,626 | -27.2% |
| Furniture and vehicles | 24 | €61,151 | €44,525 | -€16,626 | -27.2% |
| Financial fixed assets | 28 | €2,750,000 | €2,750,000 | = | 0.0% |
| Current assets | 29/58 | €828,665 | €929,126 | +€100,461 | +12.1% |
| Amounts receivable within one year | 40/41 | €670,539 | €788,130 | +€117,591 | +17.5% |
| Trade receivables | 40 | €243,790 | €93,130 | -€150,660 | -61.8% |
| Other amounts receivable | 41 | €426,749 | €695,000 | +€268,251 | +62.9% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €28,588 | €80,666 | +€52,078 | +182.2% |
| Deferred charges and accrued income | 490/1 | €29,538 | €60,330 | +€30,792 | +104.2% |
| Total equity and liabilities | 10/49 | €3,639,817 | €3,723,652 | +€83,835 | +2.3% |
| Equity | 10/15 | €1,575,423 | €2,084,138 | +€508,715 | +32.3% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €1,569,215 | €2,077,930 | +€508,715 | +32.4% |
| Tax-exempt reserves | 132 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €1,566,465 | €2,075,180 | +€508,715 | +32.5% |
| Amounts payable | 17/49 | €2,064,394 | €1,639,513 | -€424,881 | -20.6% |
| Amounts payable after more than one year | 17 | €1,171,975 | €951,069 | -€220,906 | -18.8% |
| Financial debts | 170/4 | €821,975 | €601,069 | -€220,906 | -26.9% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €879,669 | €675,044 | -€204,625 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €219,617 | €219,670 | +€53 | 0.0% |
| Financial debts | 43 | €33,818 | €33,676 | -€142 | -0.4% |
| Credit institutions | 430/8 | €33,818 | €33,676 | -€142 | -0.4% |
| Trade debts | 44 | €2,157 | €26,569 | +€24,412 | +1131.7% |
| Suppliers | 440/4 | €2,157 | €26,569 | +€24,412 | +1131.7% |
| Taxes, remuneration and social security | 45 | €85,548 | €83,327 | -€2,221 | -2.6% |
| Taxes | 450/3 | €72,352 | €70,135 | -€2,217 | -3.1% |
| Remuneration and social security | 454/9 | €13,196 | €13,192 | -€3 | 0.0% |
| Other amounts payable | 47/48 | €538,529 | €311,802 | -€226,726 | -42.1% |
| Accrued charges and deferred income | 492/3 | €12,750 | €13,400 | +€650 | +5.1% |
| Remuneration, social security and pensions | 62 | €101,524 | €104,334 | +€2,810 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,546 | €20,523 | -€23 | -0.1% |
| Other operating charges | 640/8 | €1,662 | €2,082 | +€420 | +25.3% |
| Non-recurring operating charges | 66A | €4,884 | €172 | -€4,712 | -96.5% |
| Gross operating margin | 9900 | €649,646 | €392,073 | -€257,573 | -39.6% |
| Operating profit (loss) | 9901 | €521,031 | €264,962 | -€256,069 | -49.1% |
| Financial income | 75/76B | €501,682 | €501,926 | +€245 | 0.0% |
| Recurring financial income | 75 | €501,682 | €501,926 | +€245 | 0.0% |
| Financial charges | 65/66B | €59,768 | €54,369 | -€5,399 | -9.0% |
| Recurring financial charges | 65 | €59,768 | €54,369 | -€5,399 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €962,944 | €712,520 | -€250,425 | -26.0% |
| Income taxes | 67/77 | €175,189 | €110,853 | -€64,336 | -36.7% |
| Profit (loss) for the period | 9904 | €787,756 | €601,667 | -€186,089 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €787,756 | €601,667 | -€186,089 | -23.6% |
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 11 October 2026 via checked.be.