AVI: 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.
AVI
Largest movements
- Tangible fixed assets -€18,150
down €18,150 (-37.0%), from €49,085 to €30,935
- Receivables within one year +€11,531
up €11,531 (+111.5%), from €10,346 to €21,877
of which Trade receivables: +€11,435
- Cash +€2,219
up €2,219 (+16.3%), from €13,647 to €15,866
mainly Net result for the year (+€19,004) and Depreciation (+€18,150)
- Reserves +€19,004
up €19,004 (+141.2%), from €13,462 to €32,465
of which Distributable reserves: +€19,104
- Debts after one year -€13,606
down €13,606 (-53.6%), from €25,374 to €11,767
- Other debts -€8,169
down €8,169 (-51.5%), from €15,852 to €7,683
- Tax, wage and social debts -€2,124
down €2,124 (-28.4%), from €7,465 to €5,341
of which Taxes: -€2,016
- Gross operating margin +€19,095
up €19,095 (+67.3%), from €28,388 to €47,483
- Taxes +€4,292
up €4,292 (+137.9%), from €3,112 to €7,403
- Financial charges -€496
down €496 (-16.9%), from €2,937 to €2,441
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
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 | €76,858 | €72,503 | -€4,355 | -5.7% |
| Fixed assets | 21/28 | €49,085 | €30,935 | -€18,150 | -37.0% |
| Tangible fixed assets | 22/27 | €49,085 | €30,935 | -€18,150 | -37.0% |
| Furniture and vehicles | 24 | €49,085 | €30,935 | -€18,150 | -37.0% |
| Current assets | 29/58 | €27,773 | €41,568 | +€13,795 | +49.7% |
| Amounts receivable within one year | 40/41 | €10,346 | €21,877 | +€11,531 | +111.5% |
| Trade receivables | 40 | €10,346 | €21,780 | +€11,435 | +110.5% |
| Other amounts receivable | 41 | - | €97 | +€97 | |
| Cash at bank and in hand | 54/58 | €13,647 | €15,866 | +€2,219 | +16.3% |
| Deferred charges and accrued income | 490/1 | €3,780 | €3,824 | +€45 | +1.2% |
| Total equity and liabilities | 10/49 | €76,858 | €72,503 | -€4,355 | -5.7% |
| Equity | 10/15 | €14,462 | €33,465 | +€19,004 | +131.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €13,462 | €32,465 | +€19,004 | +141.2% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Legal reserve | 130 | €100 | - | -€100 | |
| Distributable reserves | 133 | €13,362 | €32,465 | +€19,104 | +143.0% |
| Amounts payable | 17/49 | €62,396 | €39,038 | -€23,358 | -37.4% |
| Amounts payable after more than one year | 17 | €25,374 | €11,767 | -€13,606 | -53.6% |
| Financial debts | 170/4 | €25,374 | €11,767 | -€13,606 | -53.6% |
| Amounts payable within one year | 42/48 | €37,022 | €27,270 | -€9,752 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €13,067 | €13,606 | +€540 | +4.1% |
| Trade debts | 44 | €639 | €640 | +€1 | +0.2% |
| Suppliers | 440/4 | €639 | €640 | +€1 | +0.2% |
| Taxes, remuneration and social security | 45 | €7,465 | €5,341 | -€2,124 | -28.4% |
| Taxes | 450/3 | €7,358 | €5,341 | -€2,016 | -27.4% |
| Remuneration and social security | 454/9 | €108 | - | -€108 | |
| Other amounts payable | 47/48 | €15,852 | €7,683 | -€8,169 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,994 | €18,150 | +€155 | +0.9% |
| Other operating charges | 640/8 | €514 | €485 | -€29 | -5.6% |
| Gross operating margin | 9900 | €28,388 | €47,483 | +€19,095 | +67.3% |
| Operating profit (loss) | 9901 | €9,880 | €28,848 | +€18,968 | +192.0% |
| Financial charges | 65/66B | €2,937 | €2,441 | -€496 | -16.9% |
| Recurring financial charges | 65 | €2,937 | €2,441 | -€496 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €6,943 | €26,407 | +€19,464 | +280.3% |
| Income taxes | 67/77 | €3,112 | €7,403 | +€4,292 | +137.9% |
| Profit (loss) for the period | 9904 | €3,831 | €19,004 | +€15,172 | +396.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,831 | €19,004 | +€15,172 | +396.0% |
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 7 October 2026 via checked.be.