AVEVAX: 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.
AVEVAX
Largest movements
- Tangible fixed assets +€390,890
up €390,890 (+516.8%), from €75,638 to €466,528
of which Land and buildings: +€380,000
- Receivables within one year -€78,187
down €78,187 (-84.5%), from €92,511 to €14,324
of which Other amounts receivable: -€78,987
- Cash -€37,687
down €37,687 (-71.5%), from €52,702 to €15,015
mainly Investment in fixed assets (net) (-€452,249) and Tax, wage and social debts (-€26,774)
- Debts after one year +€265,929
new in 2025: €265,929
- Tax, wage and social debts -€26,774
down €26,774 (-65.6%), from €40,802 to €14,028
of which Taxes: -€26,774
- Profit (loss) carried forward +€16,282
up €16,282 (+9.8%), from €165,951 to €182,233
- Current portion of long-term debt +€14,071
new in 2025: €14,071
- Other debts +€13,283
up €13,283, from €0 to €13,283
- Depreciation +€52,915
up €52,915 (+626.7%), from €8,444 to €61,359
- Gross operating margin -€32,846
down €32,846 (-27.9%), from €117,554 to €84,708
- Taxes -€16,744
down €16,744 (-70.8%), from €23,660 to €6,916
- Financial income +€1,541
up €1,541 (+385225.0%), from €0 to €1,541
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 | €223,636 | €496,374 | +€272,737 | +122.0% |
| Fixed assets | 21/28 | €75,638 | €466,528 | +€390,890 | +516.8% |
| Tangible fixed assets | 22/27 | €75,638 | €466,528 | +€390,890 | +516.8% |
| Land and buildings | 22 | - | €380,000 | +€380,000 | |
| Furniture and vehicles | 24 | €24,242 | €28,450 | +€4,208 | +17.4% |
| Other tangible fixed assets | 26 | €51,396 | €58,078 | +€6,682 | +13.0% |
| Current assets | 29/58 | €147,999 | €29,846 | -€118,152 | -79.8% |
| Amounts receivable within one year | 40/41 | €92,511 | €14,324 | -€78,187 | -84.5% |
| Trade receivables | 40 | €0 | €800 | +€800 | |
| Other amounts receivable | 41 | €92,511 | €13,524 | -€78,987 | -85.4% |
| Cash at bank and in hand | 54/58 | €52,702 | €15,015 | -€37,687 | -71.5% |
| Deferred charges and accrued income | 490/1 | €2,786 | €507 | -€2,279 | -81.8% |
| Total equity and liabilities | 10/49 | €223,636 | €496,374 | +€272,737 | +122.0% |
| Equity | 10/15 | €168,451 | €184,733 | +€16,282 | +9.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,951 | €182,233 | +€16,282 | +9.8% |
| Amounts payable | 17/49 | €55,185 | €311,640 | +€256,455 | +464.7% |
| Amounts payable after more than one year | 17 | - | €265,929 | +€265,929 | |
| Financial debts | 170/4 | - | €265,929 | +€265,929 | |
| Amounts payable within one year | 42/48 | €54,685 | €45,712 | -€8,973 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | - | €14,071 | +€14,071 | |
| Trade debts | 44 | €13,883 | €4,330 | -€9,553 | -68.8% |
| Suppliers | 440/4 | €13,883 | €4,330 | -€9,553 | -68.8% |
| Taxes, remuneration and social security | 45 | €40,802 | €14,028 | -€26,774 | -65.6% |
| Taxes | 450/3 | €38,802 | €12,028 | -€26,774 | -69.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €13,283 | +€13,283 | |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,444 | €61,359 | +€52,915 | +626.7% |
| Other operating charges | 640/8 | €387 | €453 | +€65 | +16.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,554 | €84,708 | -€32,846 | -27.9% |
| Operating profit (loss) | 9901 | €108,722 | €22,896 | -€85,826 | -78.9% |
| Financial income | 75/76B | €0 | €1,541 | +€1,541 | +385225.0% |
| Recurring financial income | 75 | €0 | €1,541 | +€1,541 | +385225.0% |
| Financial charges | 65/66B | €107 | €1,240 | +€1,132 | +1053.7% |
| Recurring financial charges | 65 | €107 | €1,240 | +€1,132 | +1053.7% |
| Profit (loss) for the period before taxes | 9903 | €108,615 | €23,198 | -€85,418 | -78.6% |
| Income taxes | 67/77 | €23,660 | €6,916 | -€16,744 | -70.8% |
| Profit (loss) for the period | 9904 | €84,955 | €16,282 | -€68,673 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,955 | €16,282 | -€68,673 | -80.8% |
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.