Avi Gems: 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 Gems
Largest movements
- Stocks and contracts +€921,172
up €921,172 (+185%), from €498,023 to €1.4m
- Receivables within one year +€345,982
up €345,982 (+15,666%), from €2,208 to €348,191
of which Trade receivables: +€346,810
- Trade debts +€1.4m
up €1.4m (+1,214%), from €114,384 to €1.5m
- Debts after one year -€118,805
down €118,805 (-91.5%), from €129,793 to €10,988
- Reserves -€28,513
down €28,513 (-15.7%), from €182,072 to €153,560
of which Distributable reserves: -€28,513
- Gross operating margin -€48,790
down €48,790 (-58.4%), from €83,543 to €34,752
- Taxes +€18,695
up €18,695 (+155%), from €12,073 to €30,768
- Financial income -€8,043
down €8,043 (-100.0%), from €8,043 to €0
- Financial charges -€7,404
down €7,404 (-29.1%), from €25,474 to €18,070
- Staff costs +€6,663
up €6,663 (+285%), from €2,341 to €9,004
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 | €645,465 | €1,915,103 | +€1.3m | +197% |
| Fixed assets | 21/28 | €89,119 | €85,616 | -€3,502 | -3.9% |
| Tangible fixed assets | 22/27 | €88,869 | €85,366 | -€3,502 | -3.9% |
| Land and buildings | 22 | €85,648 | €83,104 | -€2,544 | -3.0% |
| Plant, machinery and equipment | 23 | €2,542 | €1,753 | -€789 | -31.0% |
| Furniture and vehicles | 24 | €678 | €509 | -€170 | -25.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €556,346 | €1,829,487 | +€1.3m | +229% |
| Stocks and contracts in progress | 3 | €498,023 | €1,419,195 | +€921,172 | +185% |
| Stocks | 30/36 | €498,023 | €1,419,195 | +€921,172 | +185% |
| Amounts receivable within one year | 40/41 | €2,208 | €348,191 | +€345,982 | +15,666% |
| Trade receivables | 40 | - | €346,810 | +€346,810 | |
| Other amounts receivable | 41 | €2,208 | €1,380 | -€828 | -37.5% |
| Cash at bank and in hand | 54/58 | €55,096 | €61,532 | +€6,436 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,018 | €569 | -€449 | -44.1% |
| Total equity and liabilities | 10/49 | €645,465 | €1,915,103 | +€1.3m | +197% |
| Equity | 10/15 | €200,664 | €172,152 | -€28,513 | -14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €182,072 | €153,560 | -€28,513 | -15.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €180,213 | €151,701 | -€28,513 | -15.8% |
| Amounts payable | 17/49 | €444,801 | €1,742,951 | +€1.3m | +292% |
| Amounts payable after more than one year | 17 | €129,793 | €10,988 | -€118,805 | -91.5% |
| Financial debts | 170/4 | €129,793 | €10,988 | -€118,805 | -91.5% |
| Amounts payable within one year | 42/48 | €315,007 | €1,731,963 | +€1.4m | +450% |
| Current portion of amounts payable after more than one year | 42 | - | €6,838 | +€6,838 | |
| Financial debts | 43 | €6,473 | €245 | -€6,228 | -96.2% |
| Credit institutions | 430/8 | €6,473 | €245 | -€6,228 | -96.2% |
| Trade debts | 44 | €114,384 | €1,502,725 | +€1.4m | +1,214% |
| Suppliers | 440/4 | €114,384 | €1,502,725 | +€1.4m | +1,214% |
| Taxes, remuneration and social security | 45 | €15,964 | €32,152 | +€16,188 | +101% |
| Taxes | 450/3 | €15,601 | €31,000 | +€15,399 | +98.7% |
| Remuneration and social security | 454/9 | €363 | €1,152 | +€789 | +218% |
| Other amounts payable | 47/48 | €178,187 | €190,003 | +€11,817 | +6.6% |
| Remuneration, social security and pensions | 62 | €2,341 | €9,004 | +€6,663 | +285% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,813 | €3,811 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,378 | €1,612 | -€766 | -32.2% |
| Gross operating margin | 9900 | €83,543 | €34,752 | -€48,790 | -58.4% |
| Operating profit (loss) | 9901 | €75,010 | €20,325 | -€54,685 | -72.9% |
| Financial income | 75/76B | €8,043 | €0 | -€8,043 | -100.0% |
| Recurring financial income | 75 | €8,043 | €0 | -€8,043 | -100.0% |
| Financial charges | 65/66B | €25,474 | €18,070 | -€7,404 | -29.1% |
| Recurring financial charges | 65 | €25,474 | €18,070 | -€7,404 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €57,580 | €2,255 | -€55,324 | -96.1% |
| Income taxes | 67/77 | €12,073 | €30,768 | +€18,695 | +155% |
| Profit (loss) for the period | 9904 | €45,507 | -€28,513 | -€74,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,507 | -€28,513 | -€74,019 |
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 24 October 2026 via checked.be.