AVERMEIREN: 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.
AVERMEIREN
Largest movements
- Current investments +€84,000
up €84,000 (+85.7%), from €98,000 to €182,000
- Receivables within one year +€54,388
up €54,388 (+110%), from €49,491 to €103,879
of which Other amounts receivable: +€36,238
- Cash -€42,831
down €42,831 (-43.1%), from €99,355 to €56,524
mainly Current investments (-€84,000) and Receivables within one year (-€54,388)
- Tangible fixed assets +€8,192
new in 2025: €8,192
- Reserves +€59,702
up €59,702 (+32.4%), from €184,190 to €243,892
- Other debts +€35,813
up €35,813 (+21,680%), from €165 to €35,978
- Tax, wage and social debts +€8,236
up €8,236 (+16.5%), from €50,011 to €58,247
of which Taxes: +€8,218
- Financial income +€26,422
up €26,422 (+45,297%), from €58 to €26,480
- Taxes +€8,463
up €8,463 (+21.4%), from €39,468 to €47,931
- Gross operating margin +€2,203
up €2,203 (+1.9%), from €117,915 to €120,118
- Depreciation +€1,306
new in 2025: €1,306
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.
Derived cash bridge
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 | €246,846 | €350,595 | +€103,749 | +42.0% |
| Fixed assets | 21/28 | - | €8,192 | +€8,192 | |
| Tangible fixed assets | 22/27 | - | €8,192 | +€8,192 | |
| Furniture and vehicles | 24 | - | €8,192 | +€8,192 | |
| Current assets | 29/58 | €246,846 | €342,403 | +€95,557 | +38.7% |
| Amounts receivable within one year | 40/41 | €49,491 | €103,879 | +€54,388 | +110% |
| Trade receivables | 40 | €18,150 | €36,300 | +€18,150 | +100% |
| Other amounts receivable | 41 | €31,341 | €67,579 | +€36,238 | +116% |
| Current investments | 50/53 | €98,000 | €182,000 | +€84,000 | +85.7% |
| Cash at bank and in hand | 54/58 | €99,355 | €56,524 | -€42,831 | -43.1% |
| Total equity and liabilities | 10/49 | €246,846 | €350,595 | +€103,749 | +42.0% |
| Equity | 10/15 | €196,590 | €256,292 | +€59,702 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €184,190 | €243,892 | +€59,702 | +32.4% |
| Distributable reserves | 133 | €184,190 | €243,892 | +€59,702 | +32.4% |
| Amounts payable | 17/49 | €50,256 | €94,303 | +€44,047 | +87.6% |
| Amounts payable within one year | 42/48 | €50,256 | €94,303 | +€44,047 | +87.6% |
| Trade debts | 44 | €80 | €78 | -€2 | -2.2% |
| Suppliers | 440/4 | €80 | €78 | -€2 | -2.2% |
| Taxes, remuneration and social security | 45 | €50,011 | €58,247 | +€8,236 | +16.5% |
| Taxes | 450/3 | €48,431 | €56,649 | +€8,218 | +17.0% |
| Remuneration and social security | 454/9 | €1,580 | €1,597 | +€18 | +1.1% |
| Other amounts payable | 47/48 | €165 | €35,978 | +€35,813 | +21,680% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,306 | +€1,306 | |
| Other operating charges | 640/8 | €1,776 | €1,486 | -€291 | -16.4% |
| Gross operating margin | 9900 | €117,915 | €120,118 | +€2,203 | +1.9% |
| Operating profit (loss) | 9901 | €116,139 | €117,327 | +€1,188 | +1.0% |
| Financial income | 75/76B | €58 | €26,480 | +€26,422 | +45,297% |
| Recurring financial income | 75 | €58 | €26,480 | +€26,422 | +45,297% |
| Financial charges | 65/66B | €292 | €196 | -€97 | -33.0% |
| Recurring financial charges | 65 | €292 | €196 | -€97 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €115,905 | €143,611 | +€27,706 | +23.9% |
| Income taxes | 67/77 | €39,468 | €47,931 | +€8,463 | +21.4% |
| Profit (loss) for the period | 9904 | €76,436 | €95,680 | +€19,244 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,436 | €95,680 | +€19,244 | +25.2% |
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 16 October 2026 via checked.be.