AVERS: 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.
AVERS
Largest movements
- Receivables within one year +€101,727
up €101,727 (+57.6%), from €176,476 to €278,202
of which Trade receivables: +€101,583
- Tangible fixed assets -€9,152
down €9,152 (-17.4%), from €52,523 to €43,371
of which Furniture and vehicles: -€9,859
- Stocks and contracts +€7,330
up €7,330 (+146.6%), from €5,000 to €12,330
- Cash -€6,479
down €6,479 (-16.0%), from €40,542 to €34,063
mainly Receivables within one year (-€101,727) and Debts after one year (-€8,049)
- Profit (loss) carried forward +€73,135
up €73,135 (+70.7%), from €103,389 to €176,524
- Tax, wage and social debts +€25,268
up €25,268 (+84.0%), from €30,081 to €55,349
of which Taxes: +€24,916
- Debts after one year -€8,049
down €8,049 (-29.5%), from €27,290 to €19,242
- Trade debts +€5,891
up €5,891 (+8.2%), from €71,733 to €77,624
- Gross operating margin +€83,623
up €83,623 (+97.2%), from €86,006 to €169,629
- Taxes +€21,357
up €21,357 (+283.2%), from €7,542 to €28,899
- Financial income -€5,403
down €5,403 (-74.0%), from €7,302 to €1,899
of which Non-recurring financial income: -€5,413
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 | €283,043 | €379,779 | +€96,736 | +34.2% |
| Fixed assets | 21/28 | €60,809 | €51,657 | -€9,152 | -15.1% |
| Tangible fixed assets | 22/27 | €52,523 | €43,371 | -€9,152 | -17.4% |
| Land and buildings | 22 | €5,473 | €4,609 | -€865 | -15.8% |
| Plant, machinery and equipment | 23 | €4,929 | €6,657 | +€1,729 | +35.1% |
| Furniture and vehicles | 24 | €41,495 | €31,635 | -€9,859 | -23.8% |
| Other tangible fixed assets | 26 | €626 | €470 | -€157 | -25.0% |
| Financial fixed assets | 28 | €8,286 | €8,286 | = | 0.0% |
| Current assets | 29/58 | €222,234 | €328,122 | +€105,888 | +47.6% |
| Stocks and contracts in progress | 3 | €5,000 | €12,330 | +€7,330 | +146.6% |
| Stocks | 30/36 | €5,000 | €12,330 | +€7,330 | +146.6% |
| Amounts receivable within one year | 40/41 | €176,476 | €278,202 | +€101,727 | +57.6% |
| Trade receivables | 40 | €105,646 | €207,229 | +€101,583 | +96.2% |
| Other amounts receivable | 41 | €70,830 | €70,973 | +€143 | +0.2% |
| Cash at bank and in hand | 54/58 | €40,542 | €34,063 | -€6,479 | -16.0% |
| Deferred charges and accrued income | 490/1 | €217 | €3,527 | +€3,311 | +1527.7% |
| Total equity and liabilities | 10/49 | €283,043 | €379,779 | +€96,736 | +34.2% |
| Equity | 10/15 | €134,766 | €207,901 | +€73,135 | +54.3% |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €22,080 | €22,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €20,221 | €20,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,389 | €176,524 | +€73,135 | +70.7% |
| Amounts payable | 17/49 | €148,277 | €171,879 | +€23,601 | +15.9% |
| Amounts payable after more than one year | 17 | €27,290 | €19,242 | -€8,049 | -29.5% |
| Financial debts | 170/4 | €27,290 | €19,242 | -€8,049 | -29.5% |
| Amounts payable within one year | 42/48 | €120,987 | €152,637 | +€31,650 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €7,755 | €8,049 | +€294 | +3.8% |
| Financial debts | 43 | €6,646 | €6,646 | = | 0.0% |
| Credit institutions | 430/8 | €6,646 | €6,646 | = | 0.0% |
| Trade debts | 44 | €71,733 | €77,624 | +€5,891 | +8.2% |
| Suppliers | 440/4 | €71,733 | €77,624 | +€5,891 | +8.2% |
| Advances received on contracts in progress | 46 | €4,772 | €4,970 | +€198 | +4.1% |
| Taxes, remuneration and social security | 45 | €30,081 | €55,349 | +€25,268 | +84.0% |
| Taxes | 450/3 | €26,469 | €51,385 | +€24,916 | +94.1% |
| Remuneration and social security | 454/9 | €3,612 | €3,964 | +€352 | +9.7% |
| Remuneration, social security and pensions | 62 | €54,273 | €55,257 | +€984 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,180 | €12,209 | +€30 | +0.2% |
| Other operating charges | 640/8 | €412 | €400 | -€13 | -3.1% |
| Gross operating margin | 9900 | €86,006 | €169,629 | +€83,623 | +97.2% |
| Operating profit (loss) | 9901 | €19,141 | €101,762 | +€82,621 | +431.6% |
| Financial income | 75/76B | €7,302 | €1,899 | -€5,403 | -74.0% |
| Recurring financial income | 75 | €1,889 | €1,899 | +€10 | +0.6% |
| Non-recurring financial income | 76B | €5,413 | - | -€5,413 | |
| Financial charges | 65/66B | €1,434 | €1,627 | +€194 | +13.5% |
| Recurring financial charges | 65 | €1,434 | €1,627 | +€194 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €25,009 | €102,034 | +€77,025 | +308.0% |
| Income taxes | 67/77 | €7,542 | €28,899 | +€21,357 | +283.2% |
| Profit (loss) for the period | 9904 | €17,467 | €73,135 | +€55,668 | +318.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,467 | €73,135 | +€55,668 | +318.7% |
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 4 October 2026 via checked.be.