AVIGENE: 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.
What changed
AVIGENE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€14,450
2024 · €2,707-€17,157
Equity
€285,306
2024 · €299,755-€14,450
Cash
€8,234
2024 · €168+€8,065
Balance sheet total
€1.7m
2024 · €1.8m-€79,917
Largest movements
Assets
- Tangible fixed assets -€105,209
down €105,209 (-6.4%), from €1.6m to €1.5m
of which Land and buildings: -€108,397
Equity and liabilities
- Tax, wage and social debts -€41,605
down €41,605 (-89.7%), from €46,387 to €4,783
Income statement
- Gross operating margin -€29,695
down €29,695 (-14.5%), from €204,233 to €174,539
- Taxes -€10,546
down €10,546, from €9,362 to -€1,185
- Financial charges -€4,325
down €4,325 (-9.2%), from €46,845 to €42,519
- Depreciation +€3,648
up €3,648 (+3.3%), from €111,561 to €115,209
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.
Result 2024
€2,707
Gross operating margin
-€29,695
Depreciation
-€3,648
Other operating charges
+€1,314
Financial income
-€0
Financial charges
+€4,325
Taxes
+€10,546
Result 2025
-€14,450
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.
From operations
+€26,202
Investment
-€10,000
Financing
-€8,137
Cash 2024
€168
From operations (derived)
+€26,202
Net result for the year
-€14,450
Depreciation
+€115,209
Receivables within one year
-€12,452
Deferred charges and accrued income
-€4,774
Trade debts
-€15,726
Tax, wage and social debts
-€41,605
Investment (derived)
-€10,000
Investment in fixed assets (net)
-€10,000
Financing
-€8,137
Debts after one year
-€10,724
Current portion of long-term debt
+€2,515
Short-term financial debts
+€71
Cash 2025
€8,234
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,751,978 | €1,672,061 | -€79,917 | -4.6% |
| Fixed assets | 21/28 | €1,641,947 | €1,536,738 | -€105,209 | -6.4% |
| Tangible fixed assets | 22/27 | €1,641,947 | €1,536,738 | -€105,209 | -6.4% |
| Land and buildings | 22 | €1,603,990 | €1,495,593 | -€108,397 | -6.8% |
| Plant, machinery and equipment | 23 | - | €3,046 | +€3,046 | |
| Furniture and vehicles | 24 | €37,956 | €38,099 | +€143 | +0.4% |
| Current assets | 29/58 | €110,032 | €135,323 | +€25,291 | +23.0% |
| Amounts receivable within one year | 40/41 | €109,863 | €122,315 | +€12,452 | +11.3% |
| Trade receivables | 40 | €16,878 | €16,878 | = | 0.0% |
| Other amounts receivable | 41 | €92,985 | €105,437 | +€12,452 | +13.4% |
| Cash at bank and in hand | 54/58 | €168 | €8,234 | +€8,065 | +4787.7% |
| Deferred charges and accrued income | 490/1 | - | €4,774 | +€4,774 | |
| Total equity and liabilities | 10/49 | €1,751,978 | €1,672,061 | -€79,917 | -4.6% |
| Equity | 10/15 | €299,755 | €285,306 | -€14,450 | -4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,495 | €271,046 | -€14,450 | -5.1% |
| Amounts payable | 17/49 | €1,452,223 | €1,386,755 | -€65,468 | -4.5% |
| Amounts payable after more than one year | 17 | €1,314,804 | €1,304,081 | -€10,724 | -0.8% |
| Financial debts | 170/4 | €1,314,804 | €1,304,081 | -€10,724 | -0.8% |
| Amounts payable within one year | 42/48 | €137,418 | €82,674 | -€54,744 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €69,946 | €72,461 | +€2,515 | +3.6% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €21,085 | €5,359 | -€15,726 | -74.6% |
| Suppliers | 440/4 | €21,085 | €5,359 | -€15,726 | -74.6% |
| Taxes, remuneration and social security | 45 | €46,387 | €4,783 | -€41,605 | -89.7% |
| Taxes | 450/3 | €46,387 | €4,783 | -€41,605 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,561 | €115,209 | +€3,648 | +3.3% |
| Other operating charges | 640/8 | €33,759 | €32,445 | -€1,314 | -3.9% |
| Gross operating margin | 9900 | €204,233 | €174,539 | -€29,695 | -14.5% |
| Operating profit (loss) | 9901 | €58,914 | €26,885 | -€32,028 | -54.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €46,845 | €42,519 | -€4,325 | -9.2% |
| Recurring financial charges | 65 | €46,845 | €42,519 | -€4,325 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €12,069 | -€15,634 | -€27,703 | |
| Income taxes | 67/77 | €9,362 | -€1,185 | -€10,546 | |
| Profit (loss) for the period | 9904 | €2,707 | -€14,450 | -€17,157 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,707 | -€14,450 | -€17,157 |
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.