AVICENNA: 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.
AVICENNA
Largest movements
- Tangible fixed assets -€12,944
down €12,944 (-10.7%), from €121,402 to €108,458
- Debts after one year -€20,336
down €20,336 (-39.7%), from €51,170 to €30,834
- Reserves +€14,071
up €14,071 (+58.7%), from €23,980 to €38,051
- Current portion of long-term debt -€4,102
down €4,102 (-16.8%), from €24,438 to €20,336
- Tax, wage and social debts -€2,565
down €2,565 (-40.2%), from €6,374 to €3,809
- Gross operating margin +€8,222
up €8,222 (+26.8%), from €30,656 to €38,878
- Taxes +€3,038
up €3,038 (+83.6%), from €3,636 to €6,673
- Financial charges -€1,087
down €1,087 (-24.6%), from €4,419 to €3,331
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 | €122,556 | €109,501 | -€13,055 | -10.7% |
| Fixed assets | 21/28 | €121,402 | €108,458 | -€12,944 | -10.7% |
| Tangible fixed assets | 22/27 | €121,402 | €108,458 | -€12,944 | -10.7% |
| Land and buildings | 22 | €121,402 | €108,458 | -€12,944 | -10.7% |
| Current assets | 29/58 | €1,155 | €1,043 | -€111 | -9.7% |
| Cash at bank and in hand | 54/58 | €206 | €87 | -€119 | -57.8% |
| Deferred charges and accrued income | 490/1 | €949 | €956 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €122,556 | €109,501 | -€13,055 | -10.7% |
| Equity | 10/15 | €30,180 | €44,251 | +€14,071 | +46.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,980 | €38,051 | +€14,071 | +58.7% |
| Distributable reserves | 133 | €23,980 | €38,051 | +€14,071 | +58.7% |
| Amounts payable | 17/49 | €92,377 | €65,250 | -€27,126 | -29.4% |
| Amounts payable after more than one year | 17 | €51,170 | €30,834 | -€20,336 | -39.7% |
| Financial debts | 170/4 | €51,170 | €30,834 | -€20,336 | -39.7% |
| Amounts payable within one year | 42/48 | €41,207 | €34,416 | -€6,791 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €24,438 | €20,336 | -€4,102 | -16.8% |
| Trade debts | 44 | €124 | €0 | -€124 | -100.0% |
| Suppliers | 440/4 | €124 | €0 | -€124 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,374 | €3,809 | -€2,565 | -40.2% |
| Taxes | 450/3 | €6,374 | €3,809 | -€2,565 | -40.2% |
| Other amounts payable | 47/48 | €10,272 | €10,272 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,944 | €12,944 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,867 | €1,858 | -€9 | -0.5% |
| Gross operating margin | 9900 | €30,656 | €38,878 | +€8,222 | +26.8% |
| Operating profit (loss) | 9901 | €15,845 | €24,075 | +€8,231 | +51.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4,419 | €3,331 | -€1,087 | -24.6% |
| Recurring financial charges | 65 | €4,419 | €3,331 | -€1,087 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,426 | €20,744 | +€9,318 | +81.6% |
| Income taxes | 67/77 | €3,636 | €6,673 | +€3,038 | +83.6% |
| Profit (loss) for the period | 9904 | €7,790 | €14,071 | +€6,281 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,790 | €14,071 | +€6,281 | +80.6% |
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 11 October 2026 via checked.be.