AVHR: 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.
AVHR
Largest movements
- Cash +€51,935
up €51,935 (+1,143%), from €4,544 to €56,479
mainly Receivables within one year (+€45,991) and Net result for the year (+€38,106)
- Receivables within one year -€45,991
down €45,991 (-66.8%), from €68,875 to €22,884
of which Trade receivables: -€44,106
- Deferred charges and accrued income -€8,199
down €8,199 (-81.0%), from €10,118 to €1,919
- Tangible fixed assets -€1,114
down €1,114 (-30.7%), from €3,628 to €2,513
of which Furniture and vehicles: -€814
- Profit (loss) carried forward -€20,717
down €20,717 (-32.4%), from €63,870 to €43,152
- Other debts +€18,168
up €18,168, from €0 to €18,168
- Tax, wage and social debts -€2,202
down €2,202 (-11.8%), from €18,648 to €16,446
of which Remuneration and social security: -€4,516
- Trade debts +€1,382
up €1,382 (+57.6%), from €2,399 to €3,782
- Gross operating margin +€35,380
up €35,380 (+59.1%), from €59,829 to €95,209
- Taxes +€6,551
up €6,551 (+131%), from €5,018 to €11,569
- Staff costs +€2,864
up €2,864 (+7.3%), from €39,220 to €42,084
- Financial income -€1,035
down €1,035 (-100.0%), from €1,035 to €0
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 | €87,417 | €84,048 | -€3,369 | -3.9% |
| Fixed assets | 21/28 | €3,880 | €2,765 | -€1,114 | -28.7% |
| Tangible fixed assets | 22/27 | €3,628 | €2,513 | -€1,114 | -30.7% |
| Furniture and vehicles | 24 | €1,193 | €379 | -€814 | -68.2% |
| Other tangible fixed assets | 26 | €2,435 | €2,134 | -€301 | -12.4% |
| Financial fixed assets | 28 | €252 | €252 | = | 0.0% |
| Current assets | 29/58 | €83,537 | €81,283 | -€2,254 | -2.7% |
| Amounts receivable within one year | 40/41 | €68,875 | €22,884 | -€45,991 | -66.8% |
| Trade receivables | 40 | €66,059 | €21,953 | -€44,106 | -66.8% |
| Other amounts receivable | 41 | €2,816 | €931 | -€1,885 | -66.9% |
| Cash at bank and in hand | 54/58 | €4,544 | €56,479 | +€51,935 | +1,143% |
| Deferred charges and accrued income | 490/1 | €10,118 | €1,919 | -€8,199 | -81.0% |
| Total equity and liabilities | 10/49 | €87,417 | €84,048 | -€3,369 | -3.9% |
| Equity | 10/15 | €66,370 | €45,652 | -€20,717 | -31.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,870 | €43,152 | -€20,717 | -32.4% |
| Amounts payable | 17/49 | €21,047 | €38,396 | +€17,349 | +82.4% |
| Amounts payable within one year | 42/48 | €21,047 | €38,396 | +€17,349 | +82.4% |
| Trade debts | 44 | €2,399 | €3,782 | +€1,382 | +57.6% |
| Suppliers | 440/4 | €2,399 | €3,782 | +€1,382 | +57.6% |
| Taxes, remuneration and social security | 45 | €18,648 | €16,446 | -€2,202 | -11.8% |
| Taxes | 450/3 | €14,131 | €16,446 | +€2,314 | +16.4% |
| Remuneration and social security | 454/9 | €4,516 | €0 | -€4,516 | -100% |
| Other amounts payable | 47/48 | €0 | €18,168 | +€18,168 | |
| Remuneration, social security and pensions | 62 | €39,220 | €42,084 | +€2,864 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €1,114 | -€314 | -22.0% |
| Other operating charges | 640/8 | €972 | €987 | +€14 | +1.5% |
| Gross operating margin | 9900 | €59,829 | €95,209 | +€35,380 | +59.1% |
| Operating profit (loss) | 9901 | €18,208 | €51,023 | +€32,816 | +180% |
| Financial income | 75/76B | €1,035 | €0 | -€1,035 | -100.0% |
| Recurring financial income | 75 | €1,035 | €0 | -€1,035 | -100.0% |
| Financial charges | 65/66B | €1,697 | €1,348 | -€349 | -20.6% |
| Recurring financial charges | 65 | €1,697 | €1,348 | -€349 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €17,546 | €49,675 | +€32,129 | +183% |
| Income taxes | 67/77 | €5,018 | €11,569 | +€6,551 | +131% |
| Profit (loss) for the period | 9904 | €12,528 | €38,106 | +€25,579 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €12,528 | €38,106 | +€25,579 | +204% |
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 27 October 2026 via checked.be.