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 -€205,333
down €205,333 (-98.4%), from €208,710 to €3,376
mainly Debts after one year (-€130,000) and Investment in fixed assets (net) (-€59,585)
- Tangible fixed assets +€26,047
up €26,047 (+5.2%), from €500,870 to €526,917
of which Furniture and vehicles: +€55,678
- Debts after one year -€130,000
down €130,000 (-47.3%), from €275,000 to €145,000
- Profit (loss) carried forward -€48,047
down €48,047 (-39.9%), from €120,402 to €72,355
- Other debts +€9,136
up €9,136 (+379.5%), from €2,408 to €11,544
- Gross operating margin -€181,402
down €181,402, from €168,360 to -€13,043
- Taxes -€33,490
down €33,490 (-99.6%), from €33,630 to €140
- Depreciation -€7,634
down €7,634 (-18.5%), from €41,172 to €33,538
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 | €712,376 | €540,530 | -€171,845 | -24.1% |
| Fixed assets | 21/28 | €500,870 | €526,917 | +€26,047 | +5.2% |
| Tangible fixed assets | 22/27 | €500,870 | €526,917 | +€26,047 | +5.2% |
| Land and buildings | 22 | €487,751 | €458,747 | -€29,004 | -5.9% |
| Plant, machinery and equipment | 23 | €2,214 | €1,587 | -€627 | -28.3% |
| Furniture and vehicles | 24 | €10,905 | €66,583 | +€55,678 | +510.6% |
| Current assets | 29/58 | €211,506 | €13,614 | -€197,892 | -93.6% |
| Amounts receivable within one year | 40/41 | €1,339 | €7,762 | +€6,423 | +479.8% |
| Trade receivables | 40 | €100 | €1,767 | +€1,667 | +1667.2% |
| Other amounts receivable | 41 | €1,239 | €5,995 | +€4,756 | +383.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €208,710 | €3,376 | -€205,333 | -98.4% |
| Deferred charges and accrued income | 490/1 | €1,457 | €2,475 | +€1,018 | +69.9% |
| Total equity and liabilities | 10/49 | €712,376 | €540,530 | -€171,845 | -24.1% |
| Equity | 10/15 | €430,515 | €382,468 | -€48,047 | -11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €291,521 | €291,521 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €291,521 | €291,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,402 | €72,355 | -€48,047 | -39.9% |
| Amounts payable | 17/49 | €281,860 | €158,063 | -€123,798 | -43.9% |
| Amounts payable after more than one year | 17 | €275,000 | €145,000 | -€130,000 | -47.3% |
| Financial debts | 170/4 | €275,000 | €145,000 | -€130,000 | -47.3% |
| Amounts payable within one year | 42/48 | €6,460 | €12,113 | +€5,652 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,231 | €516 | -€716 | -58.1% |
| Suppliers | 440/4 | €1,231 | €516 | -€716 | -58.1% |
| Taxes, remuneration and social security | 45 | €2,821 | €53 | -€2,768 | -98.1% |
| Taxes | 450/3 | €2,821 | €53 | -€2,768 | -98.1% |
| Other amounts payable | 47/48 | €2,408 | €11,544 | +€9,136 | +379.5% |
| Accrued charges and deferred income | 492/3 | €400 | €950 | +€550 | +137.5% |
| Non-recurring operating income | 76A | €183,256 | €11,854 | -€171,402 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,172 | €33,538 | -€7,634 | -18.5% |
| Other operating charges | 640/8 | €2,181 | €1,483 | -€699 | -32.0% |
| Gross operating margin | 9900 | €168,360 | -€13,043 | -€181,402 | |
| Operating profit (loss) | 9901 | €125,007 | -€48,064 | -€173,070 | |
| Financial income | 75/76B | €42 | €412 | +€370 | +882.1% |
| Recurring financial income | 75 | €42 | €412 | +€370 | +882.1% |
| Financial charges | 65/66B | €445 | €256 | -€190 | -42.6% |
| Recurring financial charges | 65 | €445 | €256 | -€190 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €124,603 | -€47,908 | -€172,511 | |
| Income taxes | 67/77 | €33,630 | €140 | -€33,490 | -99.6% |
| Profit (loss) for the period | 9904 | €90,973 | -€48,047 | -€139,020 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €90,973 | -€48,047 | -€139,020 |
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.