AVICENE: what changed
Two fiscal 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.
AVICENE
Largest movements
- Receivables within one year +€89,731
up €89,731 (+53.3%), from €168,317 to €258,049
of which Other amounts receivable: +€105,392
- Tangible fixed assets +€40,680
up €40,680 (+865.2%), from €4,702 to €45,382
of which Furniture and vehicles: +€41,447
- Cash +€5,417
up €5,417 (+4.5%), from €119,947 to €125,364
mainly Other debts (+€280,000) and Net result for the year (+€96,363)
- Other debts +€280,000
new in 2025: €280,000
- Profit (loss) carried forward -€183,637
down €183,637 (-94.7%), from €193,975 to €10,338
- Trade debts +€39,013
new in 2025: €39,013
- Gross operating margin -€16,181
down €16,181 (-12.1%), from €133,709 to €117,528
- Taxes -€12,256
down €12,256 (-31.5%), from €38,875 to €26,619
- Financial income +€5,010
up €5,010 (+182.9%), from €2,739 to €7,749
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 | €293,763 | €429,085 | +€135,322 | +46.1% |
| Fixed assets | 21/28 | €4,702 | €45,382 | +€40,680 | +865.2% |
| Tangible fixed assets | 22/27 | €4,702 | €45,382 | +€40,680 | +865.2% |
| Furniture and vehicles | 24 | €250 | €41,697 | +€41,447 | +16610.1% |
| Other tangible fixed assets | 26 | €4,452 | €3,686 | -€767 | -17.2% |
| Current assets | 29/58 | €289,061 | €383,703 | +€94,642 | +32.7% |
| Amounts receivable within one year | 40/41 | €168,317 | €258,049 | +€89,731 | +53.3% |
| Trade receivables | 40 | €63,967 | €48,306 | -€15,661 | -24.5% |
| Other amounts receivable | 41 | €104,350 | €209,743 | +€105,392 | +101.0% |
| Cash at bank and in hand | 54/58 | €119,947 | €125,364 | +€5,417 | +4.5% |
| Deferred charges and accrued income | 490/1 | €797 | €290 | -€507 | -63.6% |
| Total equity and liabilities | 10/49 | €293,763 | €429,085 | +€135,322 | +46.1% |
| Equity | 10/15 | €291,455 | €107,818 | -€183,637 | -63.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,480 | €94,480 | = | 0.0% |
| Distributable reserves | 133 | €94,480 | €94,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,975 | €10,338 | -€183,637 | -94.7% |
| Amounts payable | 17/49 | €2,308 | €321,267 | +€318,959 | +13822.1% |
| Amounts payable within one year | 42/48 | €2,308 | €321,267 | +€318,959 | +13822.1% |
| Trade debts | 44 | - | €39,013 | +€39,013 | |
| Suppliers | 440/4 | - | €39,013 | +€39,013 | |
| Taxes, remuneration and social security | 45 | €2,308 | €2,254 | -€54 | -2.3% |
| Taxes | 450/3 | €2,308 | €2,254 | -€54 | -2.3% |
| Other amounts payable | 47/48 | - | €280,000 | +€280,000 | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,230 | €1,197 | -€33 | -2.7% |
| Other operating charges | 640/8 | €952 | €972 | +€20 | +2.1% |
| Gross operating margin | 9900 | €133,709 | €117,528 | -€16,181 | -12.1% |
| Operating profit (loss) | 9901 | €131,526 | €115,359 | -€16,167 | -12.3% |
| Financial income | 75/76B | €2,739 | €7,749 | +€5,010 | +182.9% |
| Recurring financial income | 75 | €2,739 | €7,749 | +€5,010 | +182.9% |
| Financial charges | 65/66B | €910 | €126 | -€784 | -86.2% |
| Recurring financial charges | 65 | €910 | €126 | -€784 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €133,355 | €122,982 | -€10,374 | -7.8% |
| Income taxes | 67/77 | €38,875 | €26,619 | -€12,256 | -31.5% |
| Profit (loss) for the period | 9904 | €94,480 | €96,363 | +€1,883 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94,480 | €96,363 | +€1,883 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.