AVIDITY: 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.
AVIDITY
Largest movements
- Current investments +€97,000
up €97,000 (+26.9%), from €360,000 to €457,000
- Cash -€24,438
down €24,438 (-25.2%), from €96,991 to €72,554
mainly Current investments (-€97,000) and Deferred charges and accrued income (-€17,471)
- Deferred charges and accrued income +€17,471
up €17,471, from €0 to €17,471
- Tangible fixed assets +€11,048
up €11,048 (+52.4%), from €21,069 to €32,117
of which Other tangible fixed assets: +€15,254
- Receivables within one year -€6,100
down €6,100 (-53.3%), from €11,448 to €5,347
of which Trade receivables: -€6,100
- Reserves +€73,463
up €73,463 (+17.7%), from €415,522 to €488,985
- Other debts +€20,245
up €20,245 (+69.1%), from €29,312 to €49,558
- Gross operating margin +€36,234
up €36,234 (+49.3%), from €73,534 to €109,768
- Financial income -€32,034
down €32,034 (-100.0%), from €32,034 to €0
- Taxes +€6,709
up €6,709 (+30.2%), from €22,182 to €28,891
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 | €489,508 | €584,489 | +€94,981 | +19.4% |
| Fixed assets | 21/28 | €21,069 | €32,117 | +€11,048 | +52.4% |
| Tangible fixed assets | 22/27 | €21,069 | €32,117 | +€11,048 | +52.4% |
| Furniture and vehicles | 24 | €14,192 | €9,987 | -€4,205 | -29.6% |
| Other tangible fixed assets | 26 | €6,877 | €22,131 | +€15,254 | +221.8% |
| Current assets | 29/58 | €468,439 | €552,372 | +€83,933 | +17.9% |
| Amounts receivable within one year | 40/41 | €11,448 | €5,347 | -€6,100 | -53.3% |
| Trade receivables | 40 | €6,100 | €0 | -€6,100 | -100.0% |
| Other amounts receivable | 41 | €5,347 | €5,347 | = | 0.0% |
| Current investments | 50/53 | €360,000 | €457,000 | +€97,000 | +26.9% |
| Cash at bank and in hand | 54/58 | €96,991 | €72,554 | -€24,438 | -25.2% |
| Deferred charges and accrued income | 490/1 | €0 | €17,471 | +€17,471 | |
| Total equity and liabilities | 10/49 | €489,508 | €584,489 | +€94,981 | +19.4% |
| Equity | 10/15 | €435,186 | €508,649 | +€73,463 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €415,522 | €488,985 | +€73,463 | +17.7% |
| Distributable reserves | 133 | €415,522 | €488,985 | +€73,463 | +17.7% |
| Profit (loss) carried forward | 14 | €1,063 | €1,063 | = | 0.0% |
| Amounts payable | 17/49 | €54,322 | €75,840 | +€21,518 | +39.6% |
| Amounts payable within one year | 42/48 | €53,879 | €75,840 | +€21,961 | +40.8% |
| Trade debts | 44 | €1,037 | €19 | -€1,017 | -98.1% |
| Suppliers | 440/4 | €1,037 | €19 | -€1,017 | -98.1% |
| Taxes, remuneration and social security | 45 | €23,530 | €26,263 | +€2,732 | +11.6% |
| Taxes | 450/3 | €23,530 | €26,263 | +€2,732 | +11.6% |
| Other amounts payable | 47/48 | €29,312 | €49,558 | +€20,245 | +69.1% |
| Accrued charges and deferred income | 492/3 | €442 | €0 | -€442 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,079 | €6,113 | +€1,035 | +20.4% |
| Other operating charges | 640/8 | €647 | €563 | -€84 | -13.0% |
| Gross operating margin | 9900 | €73,534 | €109,768 | +€36,234 | +49.3% |
| Operating profit (loss) | 9901 | €67,808 | €103,092 | +€35,284 | +52.0% |
| Financial income | 75/76B | €32,034 | €0 | -€32,034 | -100.0% |
| Recurring financial income | 75 | €32,034 | €0 | -€32,034 | -100.0% |
| Financial charges | 65/66B | €137 | €738 | +€601 | +438.7% |
| Recurring financial charges | 65 | €137 | €738 | +€601 | +438.7% |
| Profit (loss) for the period before taxes | 9903 | €99,705 | €102,354 | +€2,649 | +2.7% |
| Income taxes | 67/77 | €22,182 | €28,891 | +€6,709 | +30.2% |
| Profit (loss) for the period | 9904 | €77,522 | €73,463 | -€4,060 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,522 | €73,463 | -€4,060 | -5.2% |
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 6 October 2026 via checked.be.