AVEVE HERENTALS: 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.
AVEVE HERENTALS
Largest movements
- Tangible fixed assets -€174,209
down €174,209 (-9.6%), from €1.8m to €1.6m
of which Land and buildings: -€131,101
- Stocks and contracts +€60,673
up €60,673 (+8.4%), from €718,065 to €778,738
- Cash +€53,936
up €53,936 (+10.7%), from €504,505 to €558,441
mainly Other debts (+€355,553) and Depreciation (+€232,353)
- Other debts +€355,553
up €355,553 (+332%), from €107,140 to €462,692
- Reserves -€288,593
down €288,593 (-20.8%), from €1.4m to €1.1m
of which Distributable reserves: -€288,593
- Debts after one year -€127,378
down €127,378 (-12.6%), from €1.0m to €886,992
- Gross operating margin -€214,553
down €214,553 (-24.4%), from €879,710 to €665,157
- Taxes -€53,159
down €53,159 (-60.1%), from €88,495 to €35,336
- Staff costs -€48,983
down €48,983 (-16.9%), from €289,546 to €240,562
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 | €3,072,988 | €3,041,930 | -€31,058 | -1.0% |
| Fixed assets | 21/28 | €1,808,160 | €1,633,950 | -€174,209 | -9.6% |
| Tangible fixed assets | 22/27 | €1,808,160 | €1,633,950 | -€174,209 | -9.6% |
| Land and buildings | 22 | €1,612,389 | €1,481,288 | -€131,101 | -8.1% |
| Plant, machinery and equipment | 23 | €92,795 | €94,545 | +€1,750 | +1.9% |
| Furniture and vehicles | 24 | €102,976 | €58,118 | -€44,858 | -43.6% |
| Current assets | 29/58 | €1,264,828 | €1,407,979 | +€143,151 | +11.3% |
| Stocks and contracts in progress | 3 | €718,065 | €778,738 | +€60,673 | +8.4% |
| Stocks | 30/36 | €718,065 | €778,738 | +€60,673 | +8.4% |
| Amounts receivable within one year | 40/41 | €30,206 | €58,275 | +€28,068 | +92.9% |
| Trade receivables | 40 | €19,119 | €12,333 | -€6,786 | -35.5% |
| Other amounts receivable | 41 | €11,087 | €45,941 | +€34,854 | +314% |
| Cash at bank and in hand | 54/58 | €504,505 | €558,441 | +€53,936 | +10.7% |
| Deferred charges and accrued income | 490/1 | €12,052 | €12,526 | +€474 | +3.9% |
| Total equity and liabilities | 10/49 | €3,072,988 | €3,041,930 | -€31,058 | -1.0% |
| Equity | 10/15 | €1,466,278 | €1,177,685 | -€288,593 | -19.7% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €1,388,278 | €1,099,685 | -€288,593 | -20.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,369,528 | €1,080,935 | -€288,593 | -21.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,606,709 | €1,864,245 | +€257,535 | +16.0% |
| Amounts payable after more than one year | 17 | €1,014,370 | €886,992 | -€127,378 | -12.6% |
| Financial debts | 170/4 | €1,014,370 | €886,992 | -€127,378 | -12.6% |
| Amounts payable within one year | 42/48 | €592,339 | €977,252 | +€384,913 | +65.0% |
| Current portion of amounts payable after more than one year | 42 | €145,166 | €127,378 | -€17,788 | -12.3% |
| Trade debts | 44 | €300,309 | €318,801 | +€18,492 | +6.2% |
| Suppliers | 440/4 | €300,309 | €318,801 | +€18,492 | +6.2% |
| Advances received on contracts in progress | 46 | €2,272 | €1,731 | -€540 | -23.8% |
| Taxes, remuneration and social security | 45 | €37,453 | €66,650 | +€29,197 | +78.0% |
| Taxes | 450/3 | €14,050 | €26,166 | +€12,116 | +86.2% |
| Remuneration and social security | 454/9 | €23,403 | €40,484 | +€17,081 | +73.0% |
| Other amounts payable | 47/48 | €107,140 | €462,692 | +€355,553 | +332% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €29,553 | €0 | -€29,553 | -100% |
| Remuneration, social security and pensions | 62 | €289,546 | €240,562 | -€48,983 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,808 | €232,353 | -€1,455 | -0.6% |
| Other operating charges | 640/8 | €26,336 | €26,329 | -€7 | 0.0% |
| Gross operating margin | 9900 | €879,710 | €665,157 | -€214,553 | -24.4% |
| Operating profit (loss) | 9901 | €330,020 | €165,913 | -€164,108 | -49.7% |
| Financial income | 75/76B | €7,141 | €8,537 | +€1,396 | +19.5% |
| Recurring financial income | 75 | €7,141 | €8,537 | +€1,396 | +19.5% |
| Financial charges | 65/66B | €51,429 | €56,723 | +€5,294 | +10.3% |
| Recurring financial charges | 65 | €51,429 | €56,723 | +€5,294 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €285,733 | €117,726 | -€168,007 | -58.8% |
| Income taxes | 67/77 | €88,495 | €35,336 | -€53,159 | -60.1% |
| Profit (loss) for the period | 9904 | €197,238 | €82,390 | -€114,848 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €197,238 | €82,390 | -€114,848 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.