Avibel: 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.
Avibel
Largest movements
- Cash -€241,265
down €241,265 (-37.3%), from €646,259 to €404,995
mainly Other debts (-€382,243) and Trade debts (-€237,436)
- Stocks and contracts +€184,716
up €184,716 (+23.2%), from €797,347 to €982,063
- Profit (loss) carried forward +€623,113
up €623,113 (+34.6%), from €1.8m to €2.4m
- Other debts -€382,243
down €382,243 (-98.3%), from €388,857 to €6,615
- Trade debts -€237,436
down €237,436 (-13.2%), from €1.8m to €1.6m
- Advances received -€123,456
down €123,456 (-100.0%), from €123,456 to €0
- Gross operating margin -€122,717
down €122,717 (-12.0%), from €1.0m to €901,789
- Financial charges -€45,170
down €45,170 (-80.1%), from €56,363 to €11,193
- Financial income -€44,499
down €44,499 (-99.8%), from €44,585 to €85
of which Non-recurring financial income: -€44,498
- Write-downs -€42,918
down €42,918 (-100.0%), from €42,918 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.
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 | €4,882,217 | €4,831,765 | -€50,451 | -1.0% |
| Fixed assets | 21/28 | €112,856 | €81,192 | -€31,664 | -28.1% |
| Tangible fixed assets | 22/27 | €111,753 | €80,089 | -€31,664 | -28.3% |
| Land and buildings | 22 | €30,062 | €11,413 | -€18,650 | -62.0% |
| Plant, machinery and equipment | 23 | €16,112 | €17,909 | +€1,797 | +11.1% |
| Furniture and vehicles | 24 | €65,578 | €47,728 | -€17,851 | -27.2% |
| Other tangible fixed assets | 26 | - | €3,040 | +€3,040 | |
| Financial fixed assets | 28 | €1,103 | €1,103 | = | 0.0% |
| Current assets | 29/58 | €4,769,361 | €4,750,573 | -€18,788 | -0.4% |
| Stocks and contracts in progress | 3 | €797,347 | €982,063 | +€184,716 | +23.2% |
| Stocks | 30/36 | €797,347 | €982,063 | +€184,716 | +23.2% |
| Amounts receivable within one year | 40/41 | €3,319,476 | €3,353,457 | +€33,981 | +1.0% |
| Trade receivables | 40 | €3,031,791 | €3,289,229 | +€257,439 | +8.5% |
| Other amounts receivable | 41 | €287,686 | €64,228 | -€223,458 | -77.7% |
| Cash at bank and in hand | 54/58 | €646,259 | €404,995 | -€241,265 | -37.3% |
| Deferred charges and accrued income | 490/1 | €6,278 | €10,058 | +€3,781 | +60.2% |
| Total equity and liabilities | 10/49 | €4,882,217 | €4,831,765 | -€50,451 | -1.0% |
| Equity | 10/15 | €2,525,382 | €3,148,495 | +€623,113 | +24.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €474,589 | €474,589 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,432 | €29,432 | = | 0.0% |
| Distributable reserves | 133 | €445,157 | €445,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,800,793 | €2,423,906 | +€623,113 | +34.6% |
| Amounts payable | 17/49 | €2,356,835 | €1,683,270 | -€673,565 | -28.6% |
| Amounts payable within one year | 42/48 | €2,355,989 | €1,635,850 | -€720,138 | -30.6% |
| Trade debts | 44 | €1,796,522 | €1,559,086 | -€237,436 | -13.2% |
| Suppliers | 440/4 | €1,796,522 | €1,559,086 | -€237,436 | -13.2% |
| Advances received on contracts in progress | 46 | €123,456 | €0 | -€123,456 | -100.0% |
| Taxes, remuneration and social security | 45 | €47,154 | €70,150 | +€22,996 | +48.8% |
| Taxes | 450/3 | €47,154 | €70,150 | +€22,996 | +48.8% |
| Other amounts payable | 47/48 | €388,857 | €6,615 | -€382,243 | -98.3% |
| Accrued charges and deferred income | 492/3 | €846 | €47,420 | +€46,574 | +5505.0% |
| Remuneration, social security and pensions | 62 | €1,032 | €182 | -€850 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,077 | €44,083 | +€6 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,918 | €0 | -€42,918 | -100.0% |
| Other operating charges | 640/8 | €5,787 | €3,875 | -€1,912 | -33.0% |
| Gross operating margin | 9900 | €1,024,506 | €901,789 | -€122,717 | -12.0% |
| Operating profit (loss) | 9901 | €930,692 | €853,650 | -€77,042 | -8.3% |
| Financial income | 75/76B | €44,585 | €85 | -€44,499 | -99.8% |
| Recurring financial income | 75 | €87 | €85 | -€1 | -1.6% |
| Non-recurring financial income | 76B | €44,498 | €0 | -€44,498 | -100.0% |
| Financial charges | 65/66B | €56,363 | €11,193 | -€45,170 | -80.1% |
| Recurring financial charges | 65 | €56,363 | €11,193 | -€45,170 | -80.1% |
| Profit (loss) for the period before taxes | 9903 | €918,914 | €842,542 | -€76,372 | -8.3% |
| Income taxes | 67/77 | €223,300 | €219,429 | -€3,871 | -1.7% |
| Profit (loss) for the period | 9904 | €695,614 | €623,113 | -€72,501 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €695,614 | €623,113 | -€72,501 | -10.4% |
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.