AVF Médical: what changed
AVF Médical
Largest movements
- Tangible fixed assets +€55,205
up €55,205 (+50.3%), from €109,704 to €164,909
of which Furniture and vehicles: +€116,620
- Receivables after one year +€50,000
new in 2025: €50,000
- Cash -€40,985
down €40,985 (-22.3%), from €183,701 to €142,715
mainly Investment in fixed assets (net) (-€80,412) and Tax, wage and social debts (-€53,220)
- Deferred charges and accrued income -€20,411
down €20,411 (-39.8%), from €51,300 to €30,889
- Receivables within one year +€9,450
new in 2025: €9,450
of which Trade receivables: +€7,486
- Tax, wage and social debts -€53,220
down €53,220 (-64.1%), from €83,049 to €29,830
- Debts after one year +€44,771
up €44,771 (+68.8%), from €65,101 to €109,872
- Reserves +€42,830
up €42,830 (+29.5%), from €145,380 to €188,210
- Trade debts +€11,995
up €11,995 (+172%), from €6,965 to €18,960
- Current portion of long-term debt +€10,172
up €10,172 (+40.0%), from €25,413 to €35,585
- Gross operating margin -€13,201
down €13,201 (-9.9%), from €133,773 to €120,573
- Taxes -€6,756
down €6,756 (-26.3%), from €25,681 to €18,925
- Depreciation -€5,380
down €5,380 (-17.6%), from €30,588 to €25,207
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,564 | €399,822 | +€53,258 | +15.4% |
| Fixed assets | 21/28 | €111,564 | €166,769 | +€55,205 | +49.5% |
| Tangible fixed assets | 22/27 | €109,704 | €164,909 | +€55,205 | +50.3% |
| Plant, machinery and equipment | 23 | €44,761 | €33,264 | -€11,497 | -25.7% |
| Furniture and vehicles | 24 | €3,952 | €120,571 | +€116,620 | +2,951% |
| Leasing and similar rights | 25 | €49,176 | - | -€49,176 | |
| Other tangible fixed assets | 26 | €11,815 | €11,074 | -€742 | -6.3% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €235,000 | €233,054 | -€1,946 | -0.8% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | - | €9,450 | +€9,450 | |
| Trade receivables | 40 | - | €7,486 | +€7,486 | |
| Other amounts receivable | 41 | - | €1,964 | +€1,964 | |
| Cash at bank and in hand | 54/58 | €183,701 | €142,715 | -€40,985 | -22.3% |
| Deferred charges and accrued income | 490/1 | €51,300 | €30,889 | -€20,411 | -39.8% |
| Total equity and liabilities | 10/49 | €346,564 | €399,822 | +€53,258 | +15.4% |
| Equity | 10/15 | €148,397 | €191,232 | +€42,835 | +28.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €145,380 | €188,210 | +€42,830 | +29.5% |
| Distributable reserves | 133 | €145,380 | €188,210 | +€42,830 | +29.5% |
| Profit (loss) carried forward | 14 | €17 | €22 | +€5 | +29.7% |
| Amounts payable | 17/49 | €198,167 | €208,590 | +€10,423 | +5.3% |
| Amounts payable after more than one year | 17 | €65,101 | €109,872 | +€44,771 | +68.8% |
| Financial debts | 170/4 | €65,101 | €109,872 | +€44,771 | +68.8% |
| Amounts payable within one year | 42/48 | €133,066 | €98,623 | -€34,443 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €25,413 | €35,585 | +€10,172 | +40.0% |
| Trade debts | 44 | €6,965 | €18,960 | +€11,995 | +172% |
| Suppliers | 440/4 | €6,965 | €18,960 | +€11,995 | +172% |
| Taxes, remuneration and social security | 45 | €83,049 | €29,830 | -€53,220 | -64.1% |
| Taxes | 450/3 | €83,049 | €29,830 | -€53,220 | -64.1% |
| Other amounts payable | 47/48 | €17,639 | €14,248 | -€3,391 | -19.2% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,588 | €25,207 | -€5,380 | -17.6% |
| Other operating charges | 640/8 | €3,617 | €4,498 | +€881 | +24.3% |
| Non-recurring operating charges | 66A | €31 | €21,874 | +€21,843 | +70,460% |
| Gross operating margin | 9900 | €133,773 | €120,573 | -€13,201 | -9.9% |
| Operating profit (loss) | 9901 | €99,537 | €68,994 | -€30,543 | -30.7% |
| Financial income | 75/76B | €0 | €29 | +€29 | +18,269% |
| Recurring financial income | 75 | €0 | €29 | +€29 | +18,269% |
| Financial charges | 65/66B | €6,909 | €7,264 | +€354 | +5.1% |
| Recurring financial charges | 65 | €6,909 | €7,264 | +€354 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €92,628 | €61,760 | -€30,868 | -33.3% |
| Income taxes | 67/77 | €25,681 | €18,925 | -€6,756 | -26.3% |
| Profit (loss) for the period | 9904 | €66,947 | €42,835 | -€24,112 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,947 | €42,835 | -€24,112 | -36.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.