AVIEX: 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.
AVIEX
Largest movements
- Cash -€120,618
down €120,618 (-44.2%), from €273,006 to €152,388
mainly Contributions, distributions and other (-€180,000) and Trade debts (-€32,580)
- Receivables within one year +€15,388
up €15,388 (+73.4%), from €20,966 to €36,355
of which Trade receivables: +€19,004
- Tangible fixed assets +€9,825
up €9,825 (+14.2%), from €69,380 to €79,205
of which Land and buildings: +€10,886
- Profit (loss) carried forward -€110,665
down €110,665 (-92.0%), from €120,309 to €9,644
- Other debts +€80,125
up €80,125 (+80.1%), from €100,000 to €180,125
- Trade debts -€32,580
down €32,580 (-92.7%), from €35,129 to €2,549
- Reserves -€30,872
down €30,872 (-83.3%), from €37,072 to €6,200
of which Distributable reserves: -€30,872
- Gross operating margin -€188,570
down €188,570 (-36.2%), from €520,839 to €332,269
- Taxes -€66,579
down €66,579 (-81.0%), from €82,223 to €15,644
- Staff costs +€42,097
up €42,097 (+19.9%), from €211,401 to €253,499
- Depreciation +€5,646
up €5,646 (+55.1%), from €10,250 to €15,895
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 | €498,058 | €404,012 | -€94,045 | -18.9% |
| Fixed assets | 21/28 | €202,793 | €212,619 | +€9,825 | +4.8% |
| Tangible fixed assets | 22/27 | €69,380 | €79,205 | +€9,825 | +14.2% |
| Land and buildings | 22 | €57,150 | €68,036 | +€10,886 | +19.0% |
| Furniture and vehicles | 24 | €12,230 | €11,169 | -€1,060 | -8.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €133,414 | €133,414 | = | 0.0% |
| Current assets | 29/58 | €295,264 | €191,394 | -€103,871 | -35.2% |
| Amounts receivable within one year | 40/41 | €20,966 | €36,355 | +€15,388 | +73.4% |
| Trade receivables | 40 | €17,351 | €36,355 | +€19,004 | +109.5% |
| Other amounts receivable | 41 | €3,615 | €0 | -€3,615 | -100.0% |
| Cash at bank and in hand | 54/58 | €273,006 | €152,388 | -€120,618 | -44.2% |
| Deferred charges and accrued income | 490/1 | €1,292 | €2,651 | +€1,359 | +105.2% |
| Total equity and liabilities | 10/49 | €498,058 | €404,012 | -€94,045 | -18.9% |
| Equity | 10/15 | €219,380 | €77,844 | -€141,536 | -64.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €37,072 | €6,200 | -€30,872 | -83.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €30,872 | €0 | -€30,872 | -100.0% |
| Profit (loss) carried forward | 14 | €120,309 | €9,644 | -€110,665 | -92.0% |
| Amounts payable | 17/49 | €278,677 | €326,168 | +€47,491 | +17.0% |
| Amounts payable after more than one year | 17 | €3,420 | €3,420 | = | 0.0% |
| Financial debts | 170/4 | €3,420 | €0 | -€3,420 | -100.0% |
| Other amounts payable | 178/9 | - | €3,420 | +€3,420 | |
| Amounts payable within one year | 42/48 | €275,257 | €322,748 | +€47,491 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €1,329 | €0 | -€1,329 | -100.0% |
| Trade debts | 44 | €35,129 | €2,549 | -€32,580 | -92.7% |
| Suppliers | 440/4 | €35,129 | €2,549 | -€32,580 | -92.7% |
| Taxes, remuneration and social security | 45 | €138,800 | €140,074 | +€1,274 | +0.9% |
| Taxes | 450/3 | €112,283 | €108,959 | -€3,324 | -3.0% |
| Remuneration and social security | 454/9 | €26,517 | €31,115 | +€4,598 | +17.3% |
| Other amounts payable | 47/48 | €100,000 | €180,125 | +€80,125 | +80.1% |
| Remuneration, social security and pensions | 62 | €211,401 | €253,499 | +€42,097 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,250 | €15,895 | +€5,646 | +55.1% |
| Other operating charges | 640/8 | €9,656 | €7,163 | -€2,493 | -25.8% |
| Non-recurring operating charges | 66A | €3,489 | €0 | -€3,489 | -100.0% |
| Gross operating margin | 9900 | €520,839 | €332,269 | -€188,570 | -36.2% |
| Operating profit (loss) | 9901 | €286,044 | €55,712 | -€230,332 | -80.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,321 | €1,604 | +€283 | +21.4% |
| Recurring financial charges | 65 | €1,321 | €1,604 | +€283 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €284,723 | €54,108 | -€230,615 | -81.0% |
| Income taxes | 67/77 | €82,223 | €15,644 | -€66,579 | -81.0% |
| Profit (loss) for the period | 9904 | €202,499 | €38,464 | -€164,036 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,499 | €38,464 | -€164,036 | -81.0% |
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 5 October 2026 via checked.be.