AVI-A: 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.
AVI-A
Largest movements
- Cash +€40,254
up €40,254 (+84.9%), from €47,439 to €87,693
mainly Other debts (+€59,078) and Net result for the year (+€44,542)
- Tangible fixed assets -€10,996
down €10,996 (-33.5%), from €32,803 to €21,807
of which Leasing and similar rights: -€11,422
- Receivables within one year -€3,036
down €3,036 (-18.9%), from €16,091 to €13,055
of which Trade receivables: -€8,435
- Other debts +€59,078
up €59,078 (+1362.4%), from €4,336 to €63,414
- Reserves -€18,873
down €18,873 (-43.3%), from €43,622 to €24,750
- Debts after one year -€9,479
down €9,479 (-48.4%), from €19,570 to €10,091
- Trade debts -€7,934
down €7,934 (-84.8%), from €9,353 to €1,419
- Tax, wage and social debts +€2,855
up €2,855 (+45.9%), from €6,225 to €9,080
of which Taxes: +€2,855
- Gross operating margin +€21,290
up €21,290 (+42.4%), from €50,253 to €71,544
- Taxes +€1,688
up €1,688 (+17.2%), from €9,805 to €11,493
- Other operating charges +€869
up €869 (+49.7%), from €1,748 to €2,617
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 | €98,198 | €124,232 | +€26,034 | +26.5% |
| Fixed assets | 21/28 | €32,803 | €21,807 | -€10,996 | -33.5% |
| Tangible fixed assets | 22/27 | €32,803 | €21,807 | -€10,996 | -33.5% |
| Furniture and vehicles | 24 | €821 | €1,247 | +€427 | +52.0% |
| Leasing and similar rights | 25 | €31,982 | €20,560 | -€11,422 | -35.7% |
| Current assets | 29/58 | €65,396 | €102,425 | +€37,029 | +56.6% |
| Amounts receivable within one year | 40/41 | €16,091 | €13,055 | -€3,036 | -18.9% |
| Trade receivables | 40 | €13,123 | €4,688 | -€8,435 | -64.3% |
| Other amounts receivable | 41 | €2,968 | €8,367 | +€5,399 | +181.9% |
| Cash at bank and in hand | 54/58 | €47,439 | €87,693 | +€40,254 | +84.9% |
| Deferred charges and accrued income | 490/1 | €1,865 | €1,677 | -€188 | -10.1% |
| Total equity and liabilities | 10/49 | €98,198 | €124,232 | +€26,034 | +26.5% |
| Equity | 10/15 | €49,622 | €30,750 | -€18,873 | -38.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €43,622 | €24,750 | -€18,873 | -43.3% |
| Distributable reserves | 133 | €43,622 | €24,750 | -€18,873 | -43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,576 | €93,483 | +€44,906 | +92.4% |
| Amounts payable after more than one year | 17 | €19,570 | €10,091 | -€9,479 | -48.4% |
| Financial debts | 170/4 | €19,570 | €10,091 | -€9,479 | -48.4% |
| Amounts payable within one year | 42/48 | €29,006 | €83,392 | +€54,385 | +187.5% |
| Current portion of amounts payable after more than one year | 42 | €9,092 | €9,479 | +€387 | +4.3% |
| Trade debts | 44 | €9,353 | €1,419 | -€7,934 | -84.8% |
| Suppliers | 440/4 | €9,353 | €1,419 | -€7,934 | -84.8% |
| Taxes, remuneration and social security | 45 | €6,225 | €9,080 | +€2,855 | +45.9% |
| Taxes | 450/3 | €4,225 | €7,080 | +€2,855 | +67.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €4,336 | €63,414 | +€59,078 | +1362.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €11,711 | +€12 | +0.1% |
| Other operating charges | 640/8 | €1,748 | €2,617 | +€869 | +49.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €50,253 | €71,544 | +€21,290 | +42.4% |
| Operating profit (loss) | 9901 | €36,806 | €57,216 | +€20,410 | +55.5% |
| Financial income | 75/76B | €2 | €1 | -€1 | -61.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -61.0% |
| Financial charges | 65/66B | €1,674 | €1,182 | -€492 | -29.4% |
| Recurring financial charges | 65 | €1,674 | €1,182 | -€492 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €35,134 | €56,034 | +€20,901 | +59.5% |
| Income taxes | 67/77 | €9,805 | €11,493 | +€1,688 | +17.2% |
| Profit (loss) for the period | 9904 | €25,329 | €44,542 | +€19,212 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,329 | €44,542 | +€19,212 | +75.9% |
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 12 October 2026 via checked.be.