AVERZ: 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.
AVERZ
Largest movements
- Cash +€37,592
up €37,592 (+85.4%), from €44,030 to €81,622
mainly Net result for the year (+€51,247) and Depreciation (+€16,250)
- Receivables within one year +€9,770
up €9,770 (+77.5%), from €12,614 to €22,383
of which Other amounts receivable: +€8,073
- Profit (loss) carried forward +€51,247
up €51,247 (+99.0%), from €51,746 to €102,993
- Debts after one year -€10,339
down €10,339 (-43.1%), from €23,971 to €13,632
- Current portion of long-term debt +€4,215
up €4,215 (+28.2%), from €14,933 to €19,148
- Tax, wage and social debts +€2,959
new in 2025: €2,959
- Gross operating margin +€20,943
up €20,943 (+33.8%), from €61,954 to €82,897
- Depreciation +€1,300
up €1,300 (+8.7%), from €14,951 to €16,250
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 | €105,370 | €152,373 | +€47,003 | +44.6% |
| Fixed assets | 21/28 | €48,367 | €47,194 | -€1,173 | -2.4% |
| Intangible fixed assets | 21 | €2,700 | €1,800 | -€900 | -33.3% |
| Tangible fixed assets | 22/27 | €45,667 | €45,394 | -€273 | -0.6% |
| Plant, machinery and equipment | 23 | €2,094 | €664 | -€1,430 | -68.3% |
| Furniture and vehicles | 24 | €40,059 | €36,606 | -€3,454 | -8.6% |
| Other tangible fixed assets | 26 | €3,513 | €8,123 | +€4,610 | +131.2% |
| Current assets | 29/58 | €57,003 | €105,179 | +€48,176 | +84.5% |
| Amounts receivable within one year | 40/41 | €12,614 | €22,383 | +€9,770 | +77.5% |
| Trade receivables | 40 | €8,005 | €9,701 | +€1,696 | +21.2% |
| Other amounts receivable | 41 | €4,609 | €12,682 | +€8,073 | +175.2% |
| Cash at bank and in hand | 54/58 | €44,030 | €81,622 | +€37,592 | +85.4% |
| Deferred charges and accrued income | 490/1 | €359 | €1,174 | +€815 | +227.2% |
| Total equity and liabilities | 10/49 | €105,370 | €152,373 | +€47,003 | +44.6% |
| Equity | 10/15 | €54,246 | €105,493 | +€51,247 | +94.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,746 | €102,993 | +€51,247 | +99.0% |
| Amounts payable | 17/49 | €51,124 | €46,879 | -€4,245 | -8.3% |
| Amounts payable after more than one year | 17 | €23,971 | €13,632 | -€10,339 | -43.1% |
| Financial debts | 170/4 | €23,971 | €13,632 | -€10,339 | -43.1% |
| Amounts payable within one year | 42/48 | €27,087 | €33,180 | +€6,093 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €14,933 | €19,148 | +€4,215 | +28.2% |
| Trade debts | 44 | €12,154 | €11,074 | -€1,081 | -8.9% |
| Suppliers | 440/4 | €12,154 | €11,074 | -€1,081 | -8.9% |
| Taxes, remuneration and social security | 45 | - | €2,959 | +€2,959 | |
| Remuneration and social security | 454/9 | - | €2,959 | +€2,959 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €1,657 | €1,023 | -€634 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,951 | €16,250 | +€1,300 | +8.7% |
| Other operating charges | 640/8 | €2,226 | €1,769 | -€456 | -20.5% |
| Non-recurring operating charges | 66A | €1,712 | €496 | -€1,216 | -71.0% |
| Gross operating margin | 9900 | €61,954 | €82,897 | +€20,943 | +33.8% |
| Operating profit (loss) | 9901 | €43,066 | €64,381 | +€21,315 | +49.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,267 | €1,706 | -€561 | -24.8% |
| Recurring financial charges | 65 | €2,267 | €1,706 | -€561 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €40,799 | €62,675 | +€21,876 | +53.6% |
| Income taxes | 67/77 | €11,656 | €11,428 | -€228 | -2.0% |
| Profit (loss) for the period | 9904 | €29,143 | €51,247 | +€22,104 | +75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,143 | €51,247 | +€22,104 | +75.8% |
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 8 October 2026 via checked.be.