AVH: 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.
AVH
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts -€1,166
no longer reported in 2025 (was €1,166)
- Profit (loss) carried forward +€970
up €970 (+1.5%), from €63,191 to €64,161
- Gross operating margin +€2,574
up €2,574 (+67.7%), from -€3,801 to -€1,226
- Financial charges -€141
down €141 (-34.7%), from €407 to €266
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,246 | €95,875 | +€629 | +0.7% |
| Current assets | 29/58 | €95,246 | €95,875 | +€629 | +0.7% |
| Amounts receivable after more than one year | 29 | €95,246 | €95,875 | +€629 | +0.7% |
| Other amounts receivable | 291 | €95,246 | €95,875 | +€629 | +0.7% |
| Total equity and liabilities | 10/49 | €95,246 | €95,875 | +€629 | +0.7% |
| Equity | 10/15 | €91,181 | €92,151 | +€970 | +1.1% |
| Contributions | 10/11 | €9,650 | €9,650 | = | 0.0% |
| Reserves | 13 | €18,340 | €18,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,480 | €16,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,191 | €64,161 | +€970 | +1.5% |
| Amounts payable | 17/49 | €4,065 | €3,724 | -€341 | -8.4% |
| Amounts payable within one year | 42/48 | €4,065 | €3,724 | -€341 | -8.4% |
| Financial debts | 43 | €1,235 | €1,241 | +€6 | +0.5% |
| Credit institutions | 430/8 | €1,235 | €1,241 | +€6 | +0.5% |
| Trade debts | 44 | €1,664 | €2,483 | +€819 | +49.2% |
| Suppliers | 440/4 | €1,664 | €2,483 | +€819 | +49.2% |
| Taxes, remuneration and social security | 45 | €1,166 | - | -€1,166 | |
| Taxes | 450/3 | €1,166 | - | -€1,166 | |
| Gross operating margin | 9900 | -€3,801 | -€1,226 | +€2,574 | +67.7% |
| Operating profit (loss) | 9901 | -€3,801 | -€1,226 | +€2,574 | +67.7% |
| Financial income | 75/76B | €2,486 | €2,462 | -€24 | -1.0% |
| Recurring financial income | 75 | €2,486 | €2,462 | -€24 | -1.0% |
| Financial charges | 65/66B | €407 | €266 | -€141 | -34.7% |
| Recurring financial charges | 65 | €407 | €266 | -€141 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,722 | €970 | +€2,692 | |
| Profit (loss) for the period | 9904 | -€1,722 | €970 | +€2,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,722 | €970 | +€2,692 |
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.