AVETHIB: 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.
AVETHIB
Largest movements
- Cash +€28,822
up €28,822 (+32.7%), from €88,053 to €116,876
mainly Net result for the year (+€41,582) and Tax, wage and social debts (+€6,347)
- Receivables within one year +€19,425
up €19,425 (+44.2%), from €43,925 to €63,350
of which Other amounts receivable: +€19,339
- Profit (loss) carried forward +€41,582
up €41,582 (+38.7%), from €107,443 to €149,025
- Tax, wage and social debts +€6,347
up €6,347 (+29.7%), from €21,401 to €27,748
- Gross operating margin -€7,365
down €7,365 (-11.7%), from €63,091 to €55,726
- Financial income +€1,649
up €1,649 (+143.1%), from €1,153 to €2,802
- Taxes -€992
down €992 (-6.9%), from €14,367 to €13,375
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 | €134,312 | €181,273 | +€46,961 | +35.0% |
| Fixed assets | 21/28 | €2,334 | €1,048 | -€1,286 | -55.1% |
| Tangible fixed assets | 22/27 | €2,334 | €1,048 | -€1,286 | -55.1% |
| Furniture and vehicles | 24 | €2,334 | €1,048 | -€1,286 | -55.1% |
| Current assets | 29/58 | €131,979 | €180,226 | +€48,247 | +36.6% |
| Amounts receivable within one year | 40/41 | €43,925 | €63,350 | +€19,425 | +44.2% |
| Trade receivables | 40 | €15,125 | €15,211 | +€86 | +0.6% |
| Other amounts receivable | 41 | €28,800 | €48,139 | +€19,339 | +67.1% |
| Cash at bank and in hand | 54/58 | €88,053 | €116,876 | +€28,822 | +32.7% |
| Total equity and liabilities | 10/49 | €134,312 | €181,273 | +€46,961 | +35.0% |
| Equity | 10/15 | €109,443 | €151,025 | +€41,582 | +38.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,443 | €149,025 | +€41,582 | +38.7% |
| Amounts payable | 17/49 | €24,869 | €30,249 | +€5,380 | +21.6% |
| Amounts payable within one year | 42/48 | €24,869 | €30,249 | +€5,380 | +21.6% |
| Trade debts | 44 | €3,468 | €2,500 | -€967 | -27.9% |
| Suppliers | 440/4 | €3,468 | €2,500 | -€967 | -27.9% |
| Taxes, remuneration and social security | 45 | €21,401 | €27,748 | +€6,347 | +29.7% |
| Taxes | 450/3 | €21,401 | €27,748 | +€6,347 | +29.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €831 | €915 | +€83 | +10.0% |
| Other operating charges | 640/8 | €440 | €536 | +€95 | +21.7% |
| Gross operating margin | 9900 | €63,091 | €55,726 | -€7,365 | -11.7% |
| Operating profit (loss) | 9901 | €61,820 | €54,275 | -€7,544 | -12.2% |
| Financial income | 75/76B | €1,153 | €2,802 | +€1,649 | +143.1% |
| Recurring financial income | 75 | €1,153 | €2,802 | +€1,649 | +143.1% |
| Financial charges | 65/66B | €2,015 | €2,121 | +€105 | +5.2% |
| Recurring financial charges | 65 | €2,015 | €1,750 | -€266 | -13.2% |
| Non-recurring financial charges | 66B | - | €371 | +€371 | |
| Profit (loss) for the period before taxes | 9903 | €60,957 | €54,956 | -€6,000 | -9.8% |
| Income taxes | 67/77 | €14,367 | €13,375 | -€992 | -6.9% |
| Profit (loss) for the period | 9904 | €46,590 | €41,582 | -€5,009 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,590 | €41,582 | -€5,009 | -10.8% |
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 3 October 2026 via checked.be.