AVG TRADE: 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.
AVG TRADE
Largest movements
- Cash +€75,270
up €75,270 (+99.3%), from €75,774 to €151,044
mainly Net result for the year (+€76,900) and Current investments (+€63,723)
- Current investments -€63,723
down €63,723 (-33.8%), from €188,329 to €124,606
- Tangible fixed assets -€14,030
down €14,030 (-5.3%), from €264,825 to €250,795
of which Land and buildings: -€19,951
- Reserves +€16,949
up €16,949 (+5.4%), from €315,756 to €332,705
- Debts after one year -€15,004
down €15,004 (-8.7%), from €172,086 to €157,082
- Tax, wage and social debts +€7,408
up €7,408 (+3,739%), from €198 to €7,606
- Current portion of long-term debt -€6,338
down €6,338 (-29.7%), from €21,342 to €15,004
- Gross operating margin +€26,435
up €26,435 (+24.5%), from €107,980 to €134,415
- Taxes +€8,899
up €8,899 (+36.6%), from €24,317 to €33,216
- Financial income +€3,354
up €3,354 (+210%), from €1,597 to €4,951
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 | €536,306 | €537,026 | +€720 | +0.1% |
| Fixed assets | 21/28 | €264,825 | €250,795 | -€14,030 | -5.3% |
| Tangible fixed assets | 22/27 | €264,825 | €250,795 | -€14,030 | -5.3% |
| Land and buildings | 22 | €246,183 | €226,232 | -€19,951 | -8.1% |
| Plant, machinery and equipment | 23 | €729 | €335 | -€394 | -54.1% |
| Furniture and vehicles | 24 | €5,913 | €9,204 | +€3,290 | +55.6% |
| Other tangible fixed assets | 26 | €12,000 | €15,025 | +€3,025 | +25.2% |
| Current assets | 29/58 | €271,481 | €286,231 | +€14,750 | +5.4% |
| Amounts receivable within one year | 40/41 | €6,529 | €9,398 | +€2,869 | +43.9% |
| Trade receivables | 40 | €2,959 | €7,229 | +€4,270 | +144% |
| Other amounts receivable | 41 | €3,570 | €2,169 | -€1,402 | -39.3% |
| Current investments | 50/53 | €188,329 | €124,606 | -€63,723 | -33.8% |
| Cash at bank and in hand | 54/58 | €75,774 | €151,044 | +€75,270 | +99.3% |
| Deferred charges and accrued income | 490/1 | €849 | €1,183 | +€334 | +39.3% |
| Total equity and liabilities | 10/49 | €536,306 | €537,026 | +€720 | +0.1% |
| Equity | 10/15 | €321,956 | €338,905 | +€16,949 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €315,756 | €332,705 | +€16,949 | +5.4% |
| Distributable reserves | 133 | €315,756 | €332,705 | +€16,949 | +5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €214,350 | €198,121 | -€16,229 | -7.6% |
| Amounts payable after more than one year | 17 | €172,086 | €157,082 | -€15,004 | -8.7% |
| Financial debts | 170/4 | €172,086 | €157,082 | -€15,004 | -8.7% |
| Amounts payable within one year | 42/48 | €42,096 | €40,912 | -€1,184 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €21,342 | €15,004 | -€6,338 | -29.7% |
| Trade debts | 44 | €8,897 | €7,806 | -€1,091 | -12.3% |
| Suppliers | 440/4 | €8,897 | €7,806 | -€1,091 | -12.3% |
| Taxes, remuneration and social security | 45 | €198 | €7,606 | +€7,408 | +3,739% |
| Taxes | 450/3 | €198 | €7,606 | +€7,408 | +3,739% |
| Other amounts payable | 47/48 | €11,659 | €10,496 | -€1,163 | -10.0% |
| Accrued charges and deferred income | 492/3 | €168 | €127 | -€41 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,006 | €21,658 | +€652 | +3.1% |
| Other operating charges | 640/8 | €1,797 | €1,848 | +€52 | +2.9% |
| Gross operating margin | 9900 | €107,980 | €134,415 | +€26,435 | +24.5% |
| Operating profit (loss) | 9901 | €85,178 | €110,909 | +€25,731 | +30.2% |
| Financial income | 75/76B | €1,597 | €4,951 | +€3,354 | +210% |
| Recurring financial income | 75 | €1,597 | €4,951 | +€3,354 | +210% |
| Financial charges | 65/66B | €6,799 | €5,744 | -€1,055 | -15.5% |
| Recurring financial charges | 65 | €6,799 | €5,744 | -€1,055 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €79,976 | €110,116 | +€30,139 | +37.7% |
| Income taxes | 67/77 | €24,317 | €33,216 | +€8,899 | +36.6% |
| Profit (loss) for the period | 9904 | €55,659 | €76,900 | +€21,241 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,659 | €76,900 | +€21,241 | +38.2% |
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 24 October 2026 via checked.be.