AVERMI: 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.
AVERMI
Largest movements
- Stocks and contracts +€41,758
up €41,758 (+109.5%), from €38,130 to €79,889
- Tangible fixed assets -€27,285
down €27,285 (-43.2%), from €63,118 to €35,833
of which Plant, machinery and equipment: -€14,735
- Receivables within one year +€11,102
up €11,102 (+27.2%), from €40,765 to €51,868
of which Trade receivables: +€11,492
- Deferred charges and accrued income -€2,032
down €2,032 (-55.6%), from €3,658 to €1,625
- Trade debts +€22,233
up €22,233 (+84.3%), from €26,373 to €48,606
- Debts after one year -€14,529
down €14,529 (-27.3%), from €53,133 to €38,604
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€4,421
up €4,421 (+144.3%), from €3,064 to €7,485
of which Taxes: +€2,471
- Reserves +€4,254
up €4,254 (+18.5%), from €23,000 to €27,254
of which Distributable reserves: +€4,254
- Other operating charges +€4,713
up €4,713 (+278.7%), from €1,691 to €6,403
- Depreciation -€4,583
down €4,583 (-14.4%), from €31,868 to €27,285
- Gross operating margin +€4,250
up €4,250 (+9.9%), from €43,096 to €47,346
- Taxes +€791
up €791 (+51.7%), from €1,530 to €2,321
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 | €147,747 | €171,291 | +€23,544 | +15.9% |
| Fixed assets | 21/28 | €65,194 | €37,909 | -€27,285 | -41.9% |
| Tangible fixed assets | 22/27 | €63,118 | €35,833 | -€27,285 | -43.2% |
| Plant, machinery and equipment | 23 | €50,565 | €35,830 | -€14,735 | -29.1% |
| Furniture and vehicles | 24 | €12,553 | €3 | -€12,550 | -100.0% |
| Financial fixed assets | 28 | €2,076 | €2,076 | = | 0.0% |
| Current assets | 29/58 | €82,553 | €133,382 | +€50,829 | +61.6% |
| Stocks and contracts in progress | 3 | €38,130 | €79,889 | +€41,758 | +109.5% |
| Stocks | 30/36 | €38,130 | €79,889 | +€41,758 | +109.5% |
| Amounts receivable within one year | 40/41 | €40,765 | €51,868 | +€11,102 | +27.2% |
| Trade receivables | 40 | €34,673 | €46,165 | +€11,492 | +33.1% |
| Other amounts receivable | 41 | €6,092 | €5,702 | -€390 | -6.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,658 | €1,625 | -€2,032 | -55.6% |
| Total equity and liabilities | 10/49 | €147,747 | €171,291 | +€23,544 | +15.9% |
| Equity | 10/15 | €34,848 | €45,854 | +€11,006 | +31.6% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €23,000 | €27,254 | +€4,254 | +18.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,140 | €25,394 | +€4,254 | +20.1% |
| Profit (loss) carried forward | 14 | -€552 | €0 | +€552 | |
| Amounts payable | 17/49 | €112,900 | €125,437 | +€12,537 | +11.1% |
| Amounts payable after more than one year | 17 | €53,133 | €38,604 | -€14,529 | -27.3% |
| Financial debts | 170/4 | €53,133 | €38,604 | -€14,529 | -27.3% |
| Amounts payable within one year | 42/48 | €59,767 | €86,833 | +€27,066 | +45.3% |
| Current portion of amounts payable after more than one year | 42 | €10,913 | €14,529 | +€3,616 | +33.1% |
| Financial debts | 43 | €2,236 | €2,728 | +€492 | +22.0% |
| Credit institutions | 430/8 | €2,236 | €2,728 | +€492 | +22.0% |
| Trade debts | 44 | €26,373 | €48,606 | +€22,233 | +84.3% |
| Suppliers | 440/4 | €26,373 | €48,606 | +€22,233 | +84.3% |
| Taxes, remuneration and social security | 45 | €3,064 | €7,485 | +€4,421 | +144.3% |
| Taxes | 450/3 | €3,064 | €5,535 | +€2,471 | +80.6% |
| Remuneration and social security | 454/9 | - | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €17,180 | €13,485 | -€3,695 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,868 | €27,285 | -€4,583 | -14.4% |
| Other operating charges | 640/8 | €1,691 | €6,403 | +€4,713 | +278.7% |
| Gross operating margin | 9900 | €43,096 | €47,346 | +€4,250 | +9.9% |
| Operating profit (loss) | 9901 | €9,538 | €13,658 | +€4,120 | +43.2% |
| Financial income | 75/76B | €51 | €31 | -€20 | -39.6% |
| Recurring financial income | 75 | €51 | €31 | -€20 | -39.6% |
| Financial charges | 65/66B | €6,231 | €6,562 | +€330 | +5.3% |
| Recurring financial charges | 65 | €6,231 | €6,562 | +€330 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €3,357 | €7,127 | +€3,770 | +112.3% |
| Income taxes | 67/77 | €1,530 | €2,321 | +€791 | +51.7% |
| Profit (loss) for the period | 9904 | €1,827 | €4,806 | +€2,979 | +163.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,827 | €4,806 | +€2,979 | +163.0% |
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 12 October 2026 via checked.be.