AVEST: 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.
AVEST
Largest movements
- Cash +€23,224
up €23,224 (+10.4%), from €224,005 to €247,229
mainly Net result for the year (+€59,847) and Other debts (+€45,750)
- Receivables within one year -€7,214
down €7,214 (-7.9%), from €91,334 to €84,120
of which Trade receivables: -€4,917
- Other debts +€45,750
new in 2025: €45,750
- Reserves -€24,954
down €24,954 (-8.6%), from €290,974 to €266,020
- Gross operating margin -€38,489
down €38,489 (-31.1%), from €123,826 to €85,336
- Taxes -€11,361
down €11,361 (-31.4%), from €36,173 to €24,813
- Financial income +€1,398
up €1,398 (+56.4%), from €2,481 to €3,879
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 | €326,088 | €343,548 | +€17,459 | +5.4% |
| Fixed assets | 21/28 | €6,876 | €8,531 | +€1,655 | +24.1% |
| Tangible fixed assets | 22/27 | €6,876 | €8,531 | +€1,655 | +24.1% |
| Plant, machinery and equipment | 23 | €4,448 | €3,872 | -€576 | -12.9% |
| Furniture and vehicles | 24 | €2,428 | €1,430 | -€998 | -41.1% |
| Other tangible fixed assets | 26 | - | €3,229 | +€3,229 | |
| Current assets | 29/58 | €319,212 | €335,017 | +€15,804 | +5.0% |
| Amounts receivable within one year | 40/41 | €91,334 | €84,120 | -€7,214 | -7.9% |
| Trade receivables | 40 | €22,462 | €17,545 | -€4,917 | -21.9% |
| Other amounts receivable | 41 | €68,872 | €66,575 | -€2,297 | -3.3% |
| Cash at bank and in hand | 54/58 | €224,005 | €247,229 | +€23,224 | +10.4% |
| Deferred charges and accrued income | 490/1 | €3,873 | €3,668 | -€205 | -5.3% |
| Total equity and liabilities | 10/49 | €326,088 | €343,548 | +€17,459 | +5.4% |
| Equity | 10/15 | €297,174 | €272,220 | -€24,954 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €290,974 | €266,020 | -€24,954 | -8.6% |
| Distributable reserves | 133 | €290,974 | €266,020 | -€24,954 | -8.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,914 | €71,328 | +€42,413 | +147% |
| Amounts payable within one year | 42/48 | €28,914 | €71,328 | +€42,413 | +147% |
| Trade debts | 44 | €6,574 | €3,528 | -€3,045 | -46.3% |
| Suppliers | 440/4 | €6,574 | €3,528 | -€3,045 | -46.3% |
| Taxes, remuneration and social security | 45 | €22,341 | €22,049 | -€292 | -1.3% |
| Taxes | 450/3 | €22,341 | €22,049 | -€292 | -1.3% |
| Other amounts payable | 47/48 | - | €45,750 | +€45,750 | |
| Non-recurring operating income | 76A | €12,195 | €0 | -€12,195 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,957 | €1,651 | -€306 | -15.6% |
| Other operating charges | 640/8 | €1,300 | €1,950 | +€650 | +50.0% |
| Gross operating margin | 9900 | €123,826 | €85,336 | -€38,489 | -31.1% |
| Operating profit (loss) | 9901 | €120,569 | €81,735 | -€38,834 | -32.2% |
| Financial income | 75/76B | €2,481 | €3,879 | +€1,398 | +56.4% |
| Recurring financial income | 75 | €2,481 | €3,879 | +€1,398 | +56.4% |
| Financial charges | 65/66B | €1,863 | €956 | -€907 | -48.7% |
| Recurring financial charges | 65 | €1,863 | €956 | -€907 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €121,187 | €84,659 | -€36,528 | -30.1% |
| Income taxes | 67/77 | €36,173 | €24,813 | -€11,361 | -31.4% |
| Profit (loss) for the period | 9904 | €85,014 | €59,847 | -€25,167 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,014 | €59,847 | -€25,167 | -29.6% |
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 23 October 2026 via checked.be.