AVICENNE: 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.
AVICENNE
Largest movements
- Tangible fixed assets -€79,951
down €79,951 (-3.8%), from €2.1m to €2.0m
of which Land and buildings: -€69,218
- Cash +€38,025
up €38,025 (+14.6%), from €259,659 to €297,684
mainly Depreciation (+€88,658) and Net result for the year (+€46,678)
- Debts after one year -€86,877
down €86,877 (-5.7%), from €1.5m to €1.4m
- Profit (loss) carried forward +€46,678
up €46,678 (+69.2%), from €67,432 to €114,110
- Gross operating margin -€9,283
down €9,283 (-4.3%), from €215,571 to €206,288
- Financial charges -€2,335
down €2,335 (-4.8%), from €49,028 to €46,693
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 | €2,388,310 | €2,349,927 | -€38,383 | -1.6% |
| Fixed assets | 21/28 | €2,125,563 | €2,045,612 | -€79,951 | -3.8% |
| Tangible fixed assets | 22/27 | €2,125,563 | €2,045,612 | -€79,951 | -3.8% |
| Land and buildings | 22 | €2,071,112 | €2,001,894 | -€69,218 | -3.3% |
| Plant, machinery and equipment | 23 | €25,848 | €26,872 | +€1,024 | +4.0% |
| Furniture and vehicles | 24 | €28,603 | €16,846 | -€11,757 | -41.1% |
| Current assets | 29/58 | €262,747 | €304,315 | +€41,568 | +15.8% |
| Amounts receivable within one year | 40/41 | - | €5,225 | +€5,225 | |
| Trade receivables | 40 | - | €5,225 | +€5,225 | |
| Cash at bank and in hand | 54/58 | €259,659 | €297,684 | +€38,025 | +14.6% |
| Deferred charges and accrued income | 490/1 | €3,088 | €1,407 | -€1,682 | -54.5% |
| Total equity and liabilities | 10/49 | €2,388,310 | €2,349,927 | -€38,383 | -1.6% |
| Equity | 10/15 | €683,485 | €730,163 | +€46,678 | +6.8% |
| Contributions | 10/11 | €75,823 | €68,964 | -€6,859 | -9.0% |
| Reserves | 13 | €540,230 | €547,089 | +€6,859 | +1.3% |
| Distributable reserves | 133 | €540,230 | €547,089 | +€6,859 | +1.3% |
| Profit (loss) carried forward | 14 | €67,432 | €114,110 | +€46,678 | +69.2% |
| Amounts payable | 17/49 | €1,704,825 | €1,619,764 | -€85,061 | -5.0% |
| Amounts payable after more than one year | 17 | €1,520,009 | €1,433,132 | -€86,877 | -5.7% |
| Financial debts | 170/4 | €1,520,009 | €1,433,132 | -€86,877 | -5.7% |
| Amounts payable within one year | 42/48 | €181,372 | €180,546 | -€826 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €92,633 | €86,877 | -€5,756 | -6.2% |
| Trade debts | 44 | €11,177 | - | -€11,177 | |
| Suppliers | 440/4 | €11,177 | - | -€11,177 | |
| Taxes, remuneration and social security | 45 | €11,960 | €7,159 | -€4,802 | -40.1% |
| Taxes | 450/3 | €11,960 | €7,159 | -€4,802 | -40.1% |
| Other amounts payable | 47/48 | €65,602 | €86,510 | +€20,909 | +31.9% |
| Accrued charges and deferred income | 492/3 | €3,444 | €6,085 | +€2,642 | +76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,879 | €88,658 | +€780 | +0.9% |
| Other operating charges | 640/8 | €23,623 | €24,216 | +€592 | +2.5% |
| Gross operating margin | 9900 | €215,571 | €206,288 | -€9,283 | -4.3% |
| Operating profit (loss) | 9901 | €104,070 | €93,414 | -€10,655 | -10.2% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €49,028 | €46,693 | -€2,335 | -4.8% |
| Recurring financial charges | 65 | €49,028 | €46,693 | -€2,335 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €55,042 | €46,747 | -€8,296 | -15.1% |
| Income taxes | 67/77 | €96 | €68 | -€27 | -28.6% |
| Profit (loss) for the period | 9904 | €54,947 | €46,678 | -€8,268 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,947 | €46,678 | -€8,268 | -15.0% |
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 29 September 2026 via checked.be.