Avimco: what changed
Two financial 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
Avimco
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,095
2024 · €22,383+€8,712
Equity
€3.2m
2024 · €3.1m+€31,095
Cash
€38,591
2024 · €43,706-€5,115
Balance sheet total
€3.4m
2024 · €3.4m+€23,270
Largest movements
Assets
- Current investments +€34,863
up €34,863 (+5.5%), from €628,861 to €663,724
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€24,880
up €24,880 (+48.2%), from €51,635 to €76,515
of which Non-recurring financial income: +€28,367
- Gross operating margin -€10,802
down €10,802, from €5,860 to -€4,942
- Financial charges -€1,734
down €1,734 (-22.8%), from €7,593 to €5,859
- Depreciation +€192
up €192 (+0.8%), from €24,897 to €25,089
- Other operating charges +€170
up €170 (+3.0%), from €5,710 to €5,880
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
€22,383
Gross operating margin
-€10,802
Depreciation
-€192
Other operating charges
-€170
Financial income
+€24,880
Financial charges
+€1,734
Deferred taxes and other
-€6,738
Result 2025
€31,095
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
+€49,087
Investment
-€43,079
Financing
-€11,123
Cash 2024
€43,706
From operations (derived)
+€49,087
Net result for the year
+€31,095
Depreciation
+€25,089
Receivables within one year
-€10,126
Deferred charges and accrued income
-€269
Provisions
+€3,650
Trade debts
-€897
Accrued charges and deferred income
+€545
Investment (derived)
-€43,079
Investment in fixed assets (net)
-€8,216
Current investments
-€34,863
Financing
-€11,123
Debts after one year
-€12,330
Current portion of long-term debt
+€1,207
Cash 2025
€38,591
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,368,098 | €3,391,368 | +€23,270 | +0.7% |
| Fixed assets | 21/28 | €2,434,622 | €2,417,749 | -€16,873 | -0.7% |
| Tangible fixed assets | 22/27 | €2,434,622 | €2,417,749 | -€16,873 | -0.7% |
| Land and buildings | 22 | €2,401,180 | €2,385,476 | -€15,704 | -0.7% |
| Plant, machinery and equipment | 23 | €33,442 | €32,273 | -€1,169 | -3.5% |
| Current assets | 29/58 | €933,476 | €973,619 | +€40,143 | +4.3% |
| Amounts receivable within one year | 40/41 | €258,398 | €268,524 | +€10,126 | +3.9% |
| Other amounts receivable | 41 | €258,398 | €268,524 | +€10,126 | +3.9% |
| Current investments | 50/53 | €628,861 | €663,724 | +€34,863 | +5.5% |
| Cash at bank and in hand | 54/58 | €43,706 | €38,591 | -€5,115 | -11.7% |
| Deferred charges and accrued income | 490/1 | €2,511 | €2,780 | +€269 | +10.7% |
| Total equity and liabilities | 10/49 | €3,368,098 | €3,391,368 | +€23,270 | +0.7% |
| Equity | 10/15 | €3,121,127 | €3,152,222 | +€31,095 | +1.0% |
| Contributions | 10/11 | €2,317,619 | €2,317,619 | = | 0.0% |
| Capital | 10 | €2,317,619 | €2,317,619 | = | 0.0% |
| Issued capital | 100 | €2,317,619 | €2,317,619 | = | 0.0% |
| Reserves | 13 | €803,508 | €834,603 | +€31,095 | +3.9% |
| Non-distributable reserves | 130/1 | €231,762 | €231,762 | = | 0.0% |
| Legal reserve | 130 | €231,762 | €231,762 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,725 | €177,674 | +€10,949 | +6.6% |
| Distributable reserves | 133 | €405,021 | €425,167 | +€20,146 | +5.0% |
| Provisions and deferred taxes | 16 | €55,575 | €59,225 | +€3,650 | +6.6% |
| Deferred taxes | 168 | €55,575 | €59,225 | +€3,650 | +6.6% |
| Amounts payable | 17/49 | €191,396 | €179,921 | -€11,475 | -6.0% |
| Amounts payable after more than one year | 17 | €180,033 | €167,703 | -€12,330 | -6.8% |
| Financial debts | 170/4 | €180,033 | €167,703 | -€12,330 | -6.8% |
| Amounts payable within one year | 42/48 | €11,140 | €11,450 | +€310 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €10,046 | €11,253 | +€1,207 | +12.0% |
| Trade debts | 44 | €1,094 | €197 | -€897 | -82.0% |
| Suppliers | 440/4 | €1,094 | €197 | -€897 | -82.0% |
| Accrued charges and deferred income | 492/3 | €223 | €768 | +€545 | +244.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,897 | €25,089 | +€192 | +0.8% |
| Other operating charges | 640/8 | €5,710 | €5,880 | +€170 | +3.0% |
| Gross operating margin | 9900 | €5,860 | -€4,942 | -€10,802 | |
| Operating profit (loss) | 9901 | -€24,747 | -€35,911 | -€11,164 | -45.1% |
| Financial income | 75/76B | €51,635 | €76,515 | +€24,880 | +48.2% |
| Recurring financial income | 75 | €51,635 | €48,148 | -€3,487 | -6.8% |
| Non-recurring financial income | 76B | - | €28,367 | +€28,367 | |
| Financial charges | 65/66B | €7,593 | €5,859 | -€1,734 | -22.8% |
| Recurring financial charges | 65 | €7,593 | €5,859 | -€1,734 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €19,295 | €34,745 | +€15,450 | +80.1% |
| Transfer from deferred taxes | 780 | €3,088 | €3,442 | +€354 | +11.5% |
| Transfer to deferred taxes | 680 | - | €7,092 | +€7,092 | |
| Profit (loss) for the period | 9904 | €22,383 | €31,095 | +€8,712 | +38.9% |
| Transfer from tax-exempt reserves | 789 | €9,262 | €10,326 | +€1,064 | +11.5% |
| Transfer to tax-exempt reserves | 689 | - | €21,275 | +€21,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,645 | €20,146 | -€11,499 | -36.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.