AVIA-GIS: 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.
What changed
AVIA-GIS
NACE 72.109, Other research and development on natural sciences
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€486
2024 · -€219,317+€219,802
Equity
€991,391
2024 · €990,906+€486
Cash
€458,457
2024 · €225,284+€233,173
Balance sheet total
€2.1m
2024 · €2.0m+€137,558
Largest movements
Assets
- Cash +€233,173
up €233,173 (+104%), from €225,284 to €458,457
mainly Depreciation (+€156,866) and Stocks and contracts (+€99,645)
- Stocks and contracts -€99,645
down €99,645 (-22.0%), from €453,676 to €354,030
- Intangible fixed assets +€30,876
up €30,876 (+4.3%), from €716,492 to €747,368
Equity and liabilities
- Debts after one year +€85,767
up €85,767 (+39.5%), from €217,067 to €302,834
- Other debts +€79,005
up €79,005 (+107%), from €73,572 to €152,577
- Current portion of long-term debt -€56,250
down €56,250 (-46.7%), from €120,416 to €64,166
- Accrued charges and deferred income +€49,421
up €49,421 (+84.5%), from €58,501 to €107,923
Income statement
- Staff costs -€130,109
down €130,109 (-17.3%), from €752,623 to €622,514
- Gross operating margin +€78,338
up €78,338 (+10.6%), from €740,569 to €818,906
- Depreciation -€11,447
down €11,447 (-6.8%), from €168,313 to €156,866
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.
Result 2024
-€219,317
Gross operating margin
+€78,338
Staff costs
+€130,109
Depreciation
+€11,447
Other operating charges
-€595
Financial income
+€311
Financial charges
+€1,131
Taxes
-€938
Result 2025
€486
raises the resultlowers the result
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.
From operations
+€386,109
Investment
-€167,173
Financing
+€14,237
Cash 2024
€225,284
From operations (derived)
+€386,109
Net result for the year
+€486
Depreciation
+€156,866
Stocks and contracts
+€99,645
Receivables within one year
+€9,318
Deferred charges and accrued income
-€3,041
Trade debts
-€8,641
Tax, wage and social debts
+€3,050
Other debts
+€79,005
Accrued charges and deferred income
+€49,421
Investment (derived)
-€167,173
Investment in fixed assets (net)
-€167,173
Financing
+€14,237
Debts after one year
+€85,767
Current portion of long-term debt
-€56,250
Short-term financial debts
-€15,280
Cash 2025
€458,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,989,113 | €2,126,671 | +€137,558 | +6.9% |
| Fixed assets | 21/28 | €1,184,946 | €1,195,254 | +€10,308 | +0.9% |
| Intangible fixed assets | 21 | €716,492 | €747,368 | +€30,876 | +4.3% |
| Tangible fixed assets | 22/27 | €103,735 | €83,166 | -€20,568 | -19.8% |
| Land and buildings | 22 | €35,119 | €19,727 | -€15,393 | -43.8% |
| Plant, machinery and equipment | 23 | €890 | €501 | -€389 | -43.7% |
| Furniture and vehicles | 24 | €10,140 | €5,354 | -€4,787 | -47.2% |
| Other tangible fixed assets | 26 | €57,585 | €57,585 | = | 0.0% |
| Financial fixed assets | 28 | €364,719 | €364,719 | = | 0.0% |
| Current assets | 29/58 | €804,167 | €931,417 | +€127,250 | +15.8% |
| Stocks and contracts in progress | 3 | €453,676 | €354,030 | -€99,645 | -22.0% |
| Contracts in progress | 37 | €453,676 | €354,030 | -€99,645 | -22.0% |
| Amounts receivable within one year | 40/41 | €123,183 | €113,865 | -€9,318 | -7.6% |
| Trade receivables | 40 | €112,703 | €95,109 | -€17,594 | -15.6% |
| Other amounts receivable | 41 | €10,480 | €18,755 | +€8,276 | +79.0% |
| Cash at bank and in hand | 54/58 | €225,284 | €458,457 | +€233,173 | +104% |
| Deferred charges and accrued income | 490/1 | €2,025 | €5,066 | +€3,041 | +150% |
| Total equity and liabilities | 10/49 | €1,989,113 | €2,126,671 | +€137,558 | +6.9% |
| Equity | 10/15 | €990,906 | €991,391 | +€486 | 0.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €258,600 | €258,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,600 | €8,600 | = | 0.0% |
| Legal reserve | 130 | €8,600 | €8,600 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,694 | -€267,208 | +€486 | +0.2% |
| Amounts payable | 17/49 | €998,207 | €1,135,280 | +€137,072 | +13.7% |
| Amounts payable after more than one year | 17 | €217,067 | €302,834 | +€85,767 | +39.5% |
| Financial debts | 170/4 | €217,067 | €302,834 | +€85,767 | +39.5% |
| Amounts payable within one year | 42/48 | €722,640 | €724,523 | +€1,884 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €120,416 | €64,166 | -€56,250 | -46.7% |
| Financial debts | 43 | €415,280 | €400,000 | -€15,280 | -3.7% |
| Credit institutions | 430/8 | €415,280 | €400,000 | -€15,280 | -3.7% |
| Trade debts | 44 | €47,182 | €38,541 | -€8,641 | -18.3% |
| Suppliers | 440/4 | €47,182 | €38,541 | -€8,641 | -18.3% |
| Taxes, remuneration and social security | 45 | €66,189 | €69,240 | +€3,050 | +4.6% |
| Taxes | 450/3 | €1,200 | €925 | -€275 | -22.9% |
| Remuneration and social security | 454/9 | €64,989 | €68,315 | +€3,325 | +5.1% |
| Other amounts payable | 47/48 | €73,572 | €152,577 | +€79,005 | +107% |
| Accrued charges and deferred income | 492/3 | €58,501 | €107,923 | +€49,421 | +84.5% |
| Remuneration, social security and pensions | 62 | €752,623 | €622,514 | -€130,109 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,313 | €156,866 | -€11,447 | -6.8% |
| Other operating charges | 640/8 | €1,722 | €2,316 | +€595 | +34.6% |
| Gross operating margin | 9900 | €740,569 | €818,906 | +€78,338 | +10.6% |
| Operating profit (loss) | 9901 | -€182,089 | €37,210 | +€219,299 | |
| Financial income | 75/76B | - | €311 | +€311 | |
| Recurring financial income | 75 | - | €311 | +€311 | |
| Financial charges | 65/66B | €36,064 | €34,933 | -€1,131 | -3.1% |
| Recurring financial charges | 65 | €36,064 | €34,933 | -€1,131 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€218,153 | €2,588 | +€220,740 | |
| Income taxes | 67/77 | €1,164 | €2,102 | +€938 | +80.6% |
| Profit (loss) for the period | 9904 | -€219,317 | €486 | +€219,802 | |
| Profit (loss) for the period to be appropriated | 9905 | -€219,317 | €486 | +€219,802 |
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.