AVIMORE: 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.
AVIMORE
Largest movements
- Tangible fixed assets -€34,512
down €34,512 (-15.2%), from €227,353 to €192,841
- Receivables within one year -€21,009
down €21,009 (-46.9%), from €44,750 to €23,741
of which Trade receivables: -€18,089
- Cash -€10,362
down €10,362 (-11.9%), from €87,423 to €77,061
mainly Contributions, distributions and other (-€47,252) and Net result for the year (-€34,899)
- Reserves -€47,252
down €47,252 (-15.6%), from €302,223 to €254,971
of which Distributable reserves: -€47,252
- Profit (loss) carried forward -€34,899
down €34,899, from €9,245 to -€25,654
- Other debts +€22,287
up €22,287 (+944%), from €2,361 to €24,647
- Tax, wage and social debts -€10,369
down €10,369 (-55.2%), from €18,789 to €8,420
- Trade debts +€6,862
up €6,862 (+64.5%), from €10,636 to €17,498
of which Bills of exchange payable: +€17,402
- Gross operating margin -€83,659
down €83,659 (-89.4%), from €93,526 to €9,867
- Taxes -€9,399
down €9,399 (-95.9%), from €9,805 to €406
- Other operating charges +€1,992
up €1,992 (+51.0%), from €3,907 to €5,899
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.
Derived cash bridge
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 | €361,854 | €298,483 | -€63,371 | -17.5% |
| Fixed assets | 21/28 | €227,353 | €192,841 | -€34,512 | -15.2% |
| Tangible fixed assets | 22/27 | €227,353 | €192,841 | -€34,512 | -15.2% |
| Land and buildings | 22 | €163,647 | €150,962 | -€12,685 | -7.8% |
| Plant, machinery and equipment | 23 | €4,900 | €3,970 | -€930 | -19.0% |
| Furniture and vehicles | 24 | €33,723 | €19,797 | -€13,926 | -41.3% |
| Other tangible fixed assets | 26 | €25,083 | €18,112 | -€6,971 | -27.8% |
| Current assets | 29/58 | €134,500 | €105,641 | -€28,859 | -21.5% |
| Amounts receivable within one year | 40/41 | €44,750 | €23,741 | -€21,009 | -46.9% |
| Trade receivables | 40 | €38,200 | €20,111 | -€18,089 | -47.4% |
| Other amounts receivable | 41 | €6,551 | €3,630 | -€2,921 | -44.6% |
| Cash at bank and in hand | 54/58 | €87,423 | €77,061 | -€10,362 | -11.9% |
| Deferred charges and accrued income | 490/1 | €2,327 | €4,839 | +€2,512 | +108% |
| Total equity and liabilities | 10/49 | €361,854 | €298,483 | -€63,371 | -17.5% |
| Equity | 10/15 | €330,068 | €247,918 | -€82,151 | -24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €302,223 | €254,971 | -€47,252 | -15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €300,363 | €253,111 | -€47,252 | -15.7% |
| Profit (loss) carried forward | 14 | €9,245 | -€25,654 | -€34,899 | |
| Amounts payable | 17/49 | €31,785 | €50,565 | +€18,780 | +59.1% |
| Amounts payable within one year | 42/48 | €31,785 | €50,565 | +€18,780 | +59.1% |
| Trade debts | 44 | €10,636 | €17,498 | +€6,862 | +64.5% |
| Suppliers | 440/4 | €10,636 | €96 | -€10,540 | -99.1% |
| Bills of exchange payable | 441 | - | €17,402 | +€17,402 | |
| Taxes, remuneration and social security | 45 | €18,789 | €8,420 | -€10,369 | -55.2% |
| Taxes | 450/3 | €18,789 | €8,420 | -€10,369 | -55.2% |
| Other amounts payable | 47/48 | €2,361 | €24,647 | +€22,287 | +944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,180 | €37,240 | +€60 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €407 | +€407 | |
| Other operating charges | 640/8 | €3,907 | €5,899 | +€1,992 | +51.0% |
| Gross operating margin | 9900 | €93,526 | €9,867 | -€83,659 | -89.4% |
| Operating profit (loss) | 9901 | €52,439 | -€33,678 | -€86,118 | |
| Financial income | 75/76B | €301 | €162 | -€139 | -46.3% |
| Recurring financial income | 75 | €301 | €162 | -€139 | -46.3% |
| Financial charges | 65/66B | €986 | €976 | -€10 | -1.0% |
| Recurring financial charges | 65 | €986 | €976 | -€10 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €51,754 | -€34,493 | -€86,246 | |
| Income taxes | 67/77 | €9,805 | €406 | -€9,399 | -95.9% |
| Profit (loss) for the period | 9904 | €41,949 | -€34,899 | -€76,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,949 | -€34,899 | -€76,848 |
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 18 October 2026 via checked.be.