AVIBI: 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.
AVIBI
Largest movements
- Tangible fixed assets +€405,422
up €405,422 (+51.0%), from €795,515 to €1.2m
of which Furniture and vehicles: +€402,460
- Receivables within one year +€80,560
up €80,560 (+324.4%), from €24,835 to €105,395
of which Other amounts receivable: +€52,784
- Stocks and contracts +€59,952
up €59,952 (+174.0%), from €34,461 to €94,413
- Cash -€46,519
down €46,519 (-75.3%), from €61,808 to €15,289
mainly Investment in fixed assets (net) (-€554,704) and Receivables within one year (-€80,560)
- Debts after one year +€231,700
up €231,700 (+75.5%), from €307,089 to €538,789
of which Financial debts: +€188,454
- Reserves +€100,052
new in 2025: €100,052
- Profit (loss) carried forward +€73,701
up €73,701 (+18.5%), from €398,999 to €472,700
- Current portion of long-term debt +€61,765
up €61,765 (+60.3%), from €102,358 to €164,123
- Trade debts +€36,318
up €36,318 (+136.9%), from €26,538 to €62,856
- Gross operating margin +€192,347
up €192,347 (+101.2%), from €190,006 to €382,353
- Depreciation +€9,498
up €9,498 (+6.8%), from €139,785 to €149,283
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 | €921,479 | €1,421,698 | +€500,219 | +54.3% |
| Fixed assets | 21/28 | €795,515 | €1,200,937 | +€405,422 | +51.0% |
| Tangible fixed assets | 22/27 | €795,515 | €1,200,937 | +€405,422 | +51.0% |
| Land and buildings | 22 | €466,136 | €478,638 | +€12,503 | +2.7% |
| Plant, machinery and equipment | 23 | €111,524 | €101,982 | -€9,542 | -8.6% |
| Furniture and vehicles | 24 | €217,856 | €620,316 | +€402,460 | +184.7% |
| Current assets | 29/58 | €125,964 | €220,761 | +€94,797 | +75.3% |
| Stocks and contracts in progress | 3 | €34,461 | €94,413 | +€59,952 | +174.0% |
| Stocks | 30/36 | €34,461 | €94,413 | +€59,952 | +174.0% |
| Amounts receivable within one year | 40/41 | €24,835 | €105,395 | +€80,560 | +324.4% |
| Trade receivables | 40 | €20,077 | €47,852 | +€27,776 | +138.3% |
| Other amounts receivable | 41 | €4,758 | €57,543 | +€52,784 | +1109.3% |
| Cash at bank and in hand | 54/58 | €61,808 | €15,289 | -€46,519 | -75.3% |
| Deferred charges and accrued income | 490/1 | €4,860 | €5,664 | +€804 | +16.5% |
| Total equity and liabilities | 10/49 | €921,479 | €1,421,698 | +€500,219 | +54.3% |
| Equity | 10/15 | €407,056 | €580,809 | +€173,753 | +42.7% |
| Contributions | 10/11 | €8,057 | €8,057 | = | 0.0% |
| Reserves | 13 | - | €100,052 | +€100,052 | |
| Tax-exempt reserves | 132 | - | €100,052 | +€100,052 | |
| Profit (loss) carried forward | 14 | €398,999 | €472,700 | +€73,701 | +18.5% |
| Provisions and deferred taxes | 16 | - | €33,351 | +€33,351 | |
| Deferred taxes | 168 | - | €33,351 | +€33,351 | |
| Amounts payable | 17/49 | €514,423 | €807,538 | +€293,115 | +57.0% |
| Amounts payable after more than one year | 17 | €307,089 | €538,789 | +€231,700 | +75.5% |
| Financial debts | 170/4 | €307,089 | €495,543 | +€188,454 | +61.4% |
| Other amounts payable | 178/9 | - | €43,246 | +€43,246 | |
| Amounts payable within one year | 42/48 | €206,385 | €268,004 | +€61,619 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €102,358 | €164,123 | +€61,765 | +60.3% |
| Trade debts | 44 | €26,538 | €62,856 | +€36,318 | +136.9% |
| Suppliers | 440/4 | €26,538 | €62,856 | +€36,318 | +136.9% |
| Taxes, remuneration and social security | 45 | €11,585 | €11,311 | -€273 | -2.4% |
| Taxes | 450/3 | €11,585 | €11,311 | -€273 | -2.4% |
| Other amounts payable | 47/48 | €65,904 | €29,713 | -€36,191 | -54.9% |
| Accrued charges and deferred income | 492/3 | €949 | €746 | -€204 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,785 | €149,283 | +€9,498 | +6.8% |
| Other operating charges | 640/8 | €1,985 | €2,499 | +€514 | +25.9% |
| Gross operating margin | 9900 | €190,006 | €382,353 | +€192,347 | +101.2% |
| Operating profit (loss) | 9901 | €48,236 | €230,572 | +€182,336 | +378.0% |
| Financial income | 75/76B | €1,906 | €574 | -€1,332 | -69.9% |
| Recurring financial income | 75 | €1,906 | €574 | -€1,332 | -69.9% |
| Financial charges | 65/66B | €15,676 | €17,154 | +€1,478 | +9.4% |
| Recurring financial charges | 65 | €15,676 | €17,154 | +€1,478 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €34,465 | €213,991 | +€179,526 | +520.9% |
| Transfer from deferred taxes | 780 | - | €843 | +€843 | |
| Transfer to deferred taxes | 680 | - | €34,194 | +€34,194 | |
| Income taxes | 67/77 | €5,053 | €6,888 | +€1,835 | +36.3% |
| Profit (loss) for the period | 9904 | €29,413 | €173,753 | +€144,340 | +490.7% |
| Transfer from tax-exempt reserves | 789 | - | €2,530 | +€2,530 | |
| Transfer to tax-exempt reserves | 689 | - | €102,582 | +€102,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,413 | €73,701 | +€44,288 | +150.6% |
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.