AVIMCA: what changed
AVIMCA
Largest movements
- Receivables within one year +€23,847
up €23,847 (+57.4%), from €41,521 to €65,367
of which Other amounts receivable: +€17,309
- Cash -€5,955
down €5,955 (-25.6%), from €23,294 to €17,338
mainly Receivables within one year (-€23,847) and Tax, wage and social debts (-€6,414)
- Financial fixed assets +€1,000
new in 2025: €1,000
- Reserves +€25,390
up €25,390 (+55.5%), from €45,743 to €71,133
- Tax, wage and social debts -€6,414
down €6,414 (-34.7%), from €18,489 to €12,075
- Gross operating margin -€1,262
down €1,262 (-3.6%), from €34,613 to €33,352
- Financial income +€1,044
up €1,044 (+130%), from €805 to €1,849
- Taxes -€729
down €729 (-8.1%), from €9,015 to €8,286
- Other operating charges +€604
up €604 (+260%), from €232 to €836
- Financial charges +€388
up €388 (+547%), from €71 to €459
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,044 | €83,931 | +€18,887 | +29.0% |
| Formation expenses | 20 | €230 | €0 | -€230 | -100% |
| Fixed assets | 21/28 | - | €1,000 | +€1,000 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €64,815 | €82,931 | +€18,117 | +28.0% |
| Amounts receivable within one year | 40/41 | €41,521 | €65,367 | +€23,847 | +57.4% |
| Trade receivables | 40 | €16,158 | €22,695 | +€6,537 | +40.5% |
| Other amounts receivable | 41 | €25,363 | €42,672 | +€17,309 | +68.2% |
| Cash at bank and in hand | 54/58 | €23,294 | €17,338 | -€5,955 | -25.6% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €65,044 | €83,931 | +€18,887 | +29.0% |
| Equity | 10/15 | €46,243 | €71,633 | +€25,390 | +54.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €45,743 | €71,133 | +€25,390 | +55.5% |
| Distributable reserves | 133 | €45,743 | €71,133 | +€25,390 | +55.5% |
| Amounts payable | 17/49 | €18,801 | €12,298 | -€6,503 | -34.6% |
| Amounts payable within one year | 42/48 | €18,801 | €12,298 | -€6,503 | -34.6% |
| Trade debts | 44 | €312 | €223 | -€89 | -28.5% |
| Suppliers | 440/4 | €312 | €223 | -€89 | -28.5% |
| Taxes, remuneration and social security | 45 | €18,489 | €12,075 | -€6,414 | -34.7% |
| Taxes | 450/3 | €18,489 | €12,075 | -€6,414 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394 | €230 | -€164 | -41.7% |
| Other operating charges | 640/8 | €232 | €836 | +€604 | +260% |
| Gross operating margin | 9900 | €34,613 | €33,352 | -€1,262 | -3.6% |
| Operating profit (loss) | 9901 | €33,987 | €32,286 | -€1,701 | -5.0% |
| Financial income | 75/76B | €805 | €1,849 | +€1,044 | +130% |
| Recurring financial income | 75 | €805 | €1,849 | +€1,044 | +130% |
| Financial charges | 65/66B | €71 | €459 | +€388 | +547% |
| Recurring financial charges | 65 | €71 | €459 | +€388 | +547% |
| Profit (loss) for the period before taxes | 9903 | €34,721 | €33,676 | -€1,045 | -3.0% |
| Income taxes | 67/77 | €9,015 | €8,286 | -€729 | -8.1% |
| Profit (loss) for the period | 9904 | €25,706 | €25,390 | -€316 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,706 | €25,390 | -€316 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.