Avhmanco: 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.
Avhmanco
Largest movements
- Cash +€150,967
up €150,967 (+419%), from €35,996 to €186,963
mainly Net result for the year (+€164,533) and Trade debts (+€34,373)
- Receivables within one year +€64,943
up €64,943 (+82.4%), from €78,798 to €143,741
of which Other amounts receivable: +€94,990
- Tangible fixed assets +€6,024
up €6,024 (+112%), from €5,378 to €11,402
of which Furniture and vehicles: +€4,688
- Profit (loss) carried forward +€164,533
up €164,533 (+201%), from €81,930 to €246,463
- Trade debts +€34,373
new in 2025: €34,373
- Tax, wage and social debts +€23,630
up €23,630 (+62.9%), from €37,541 to €61,170
- Gross operating margin +€114,890
up €114,890 (+109%), from €105,657 to €220,547
- Taxes +€28,715
up €28,715 (+134%), from €21,350 to €50,065
- Financial charges +€2,546
up €2,546 (+263%), from €968 to €3,514
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 | €120,172 | €342,106 | +€221,934 | +185% |
| Fixed assets | 21/28 | €5,378 | €11,402 | +€6,024 | +112% |
| Tangible fixed assets | 22/27 | €5,378 | €11,402 | +€6,024 | +112% |
| Plant, machinery and equipment | 23 | €5,378 | €6,714 | +€1,336 | +24.8% |
| Furniture and vehicles | 24 | - | €4,688 | +€4,688 | |
| Current assets | 29/58 | €114,794 | €330,704 | +€215,910 | +188% |
| Amounts receivable within one year | 40/41 | €78,798 | €143,741 | +€64,943 | +82.4% |
| Trade receivables | 40 | €57,548 | €27,500 | -€30,048 | -52.2% |
| Other amounts receivable | 41 | €21,250 | €116,241 | +€94,990 | +447% |
| Cash at bank and in hand | 54/58 | €35,996 | €186,963 | +€150,967 | +419% |
| Total equity and liabilities | 10/49 | €120,172 | €342,106 | +€221,934 | +185% |
| Equity | 10/15 | €82,030 | €246,563 | +€164,533 | +201% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,930 | €246,463 | +€164,533 | +201% |
| Amounts payable | 17/49 | €38,142 | €95,543 | +€57,401 | +150% |
| Amounts payable within one year | 42/48 | €38,142 | €95,543 | +€57,401 | +150% |
| Trade debts | 44 | - | €34,373 | +€34,373 | |
| Suppliers | 440/4 | - | €34,373 | +€34,373 | |
| Taxes, remuneration and social security | 45 | €37,541 | €61,170 | +€23,630 | +62.9% |
| Taxes | 450/3 | €37,541 | €61,170 | +€23,630 | +62.9% |
| Other amounts payable | 47/48 | €601 | - | -€601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €551 | €2,378 | +€1,827 | +332% |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €105,657 | €220,547 | +€114,890 | +109% |
| Operating profit (loss) | 9901 | €105,106 | €218,111 | +€113,005 | +108% |
| Financial charges | 65/66B | €968 | €3,514 | +€2,546 | +263% |
| Recurring financial charges | 65 | €968 | €3,514 | +€2,546 | +263% |
| Profit (loss) for the period before taxes | 9903 | €104,139 | €214,597 | +€110,458 | +106% |
| Income taxes | 67/77 | €21,350 | €50,065 | +€28,715 | +134% |
| Profit (loss) for the period | 9904 | €82,789 | €164,533 | +€81,744 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,789 | €164,533 | +€81,744 | +98.7% |
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 17 October 2026 via checked.be.