AVINA: 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.
AVINA
Largest movements
- Stocks and contracts -€41,237
down €41,237 (-9.5%), from €435,186 to €393,949
- Cash +€29,648
up €29,648 (+617%), from €4,808 to €34,455
mainly Depreciation (+€50,745) and Stocks and contracts (+€41,237)
- Tangible fixed assets -€19,526
down €19,526 (-4.1%), from €481,887 to €462,362
of which Land and buildings: -€33,778
- Profit (loss) carried forward +€38,102
up €38,102 (+521%), from €7,313 to €45,415
- Trade debts -€35,012
down €35,012 (-12.9%), from €271,763 to €236,751
- Debts after one year -€22,293
down €22,293 (-4.5%), from €490,888 to €468,595
- Short-term financial debts -€16,488
down €16,488 (-84.4%), from €19,528 to €3,040
- Gross operating margin +€48,260
up €48,260 (+13.5%), from €357,478 to €405,738
- Staff costs -€19,992
down €19,992 (-7.2%), from €276,327 to €256,336
- Taxes +€7,073
up €7,073 (+150%), from €4,722 to €11,795
- Depreciation +€5,742
up €5,742 (+12.8%), from €45,003 to €50,745
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 | €1,084,056 | €1,055,499 | -€28,557 | -2.6% |
| Fixed assets | 21/28 | €484,307 | €464,782 | -€19,526 | -4.0% |
| Tangible fixed assets | 22/27 | €481,887 | €462,362 | -€19,526 | -4.1% |
| Land and buildings | 22 | €425,434 | €391,656 | -€33,778 | -7.9% |
| Plant, machinery and equipment | 23 | €11,524 | €10,045 | -€1,479 | -12.8% |
| Furniture and vehicles | 24 | €44,930 | €60,661 | +€15,732 | +35.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,420 | €2,420 | = | 0.0% |
| Current assets | 29/58 | €599,749 | €590,718 | -€9,031 | -1.5% |
| Stocks and contracts in progress | 3 | €435,186 | €393,949 | -€41,237 | -9.5% |
| Stocks | 30/36 | €435,186 | €393,949 | -€41,237 | -9.5% |
| Amounts receivable within one year | 40/41 | €157,649 | €160,434 | +€2,785 | +1.8% |
| Trade receivables | 40 | €145,097 | €148,397 | +€3,300 | +2.3% |
| Other amounts receivable | 41 | €12,552 | €12,037 | -€515 | -4.1% |
| Cash at bank and in hand | 54/58 | €4,808 | €34,455 | +€29,648 | +617% |
| Deferred charges and accrued income | 490/1 | €2,107 | €1,879 | -€228 | -10.8% |
| Total equity and liabilities | 10/49 | €1,084,056 | €1,055,499 | -€28,557 | -2.6% |
| Equity | 10/15 | €131,625 | €167,086 | +€35,462 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 0.0% |
| 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 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,313 | €45,415 | +€38,102 | +521% |
| Investment grants | 15 | €28,852 | €26,211 | -€2,640 | -9.2% |
| Amounts payable | 17/49 | €952,432 | €888,413 | -€64,019 | -6.7% |
| Amounts payable after more than one year | 17 | €490,888 | €468,595 | -€22,293 | -4.5% |
| Financial debts | 170/4 | €490,888 | €468,595 | -€22,293 | -4.5% |
| Amounts payable within one year | 42/48 | €460,280 | €418,494 | -€41,786 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €46,833 | €53,440 | +€6,607 | +14.1% |
| Financial debts | 43 | €19,528 | €3,040 | -€16,488 | -84.4% |
| Credit institutions | 430/8 | €19,528 | €3,040 | -€16,488 | -84.4% |
| Trade debts | 44 | €271,763 | €236,751 | -€35,012 | -12.9% |
| Suppliers | 440/4 | €271,763 | €236,751 | -€35,012 | -12.9% |
| Taxes, remuneration and social security | 45 | €61,621 | €67,203 | +€5,582 | +9.1% |
| Taxes | 450/3 | €42,393 | €51,726 | +€9,333 | +22.0% |
| Remuneration and social security | 454/9 | €19,228 | €15,477 | -€3,751 | -19.5% |
| Other amounts payable | 47/48 | €60,535 | €58,060 | -€2,474 | -4.1% |
| Accrued charges and deferred income | 492/3 | €1,264 | €1,324 | +€60 | +4.7% |
| Non-recurring operating income | 76A | €836 | €37,611 | +€36,774 | +4,397% |
| Remuneration, social security and pensions | 62 | €276,327 | €256,336 | -€19,992 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,003 | €50,745 | +€5,742 | +12.8% |
| Other operating charges | 640/8 | €15,552 | €13,359 | -€2,194 | -14.1% |
| Non-recurring operating charges | 66A | €14 | €18,443 | +€18,429 | +130,703% |
| Gross operating margin | 9900 | €357,478 | €405,738 | +€48,260 | +13.5% |
| Operating profit (loss) | 9901 | €20,581 | €66,856 | +€46,274 | +225% |
| Financial income | 75/76B | €2,803 | €2,640 | -€162 | -5.8% |
| Recurring financial income | 75 | €2,803 | €2,640 | -€162 | -5.8% |
| Financial charges | 65/66B | €18,669 | €19,599 | +€930 | +5.0% |
| Recurring financial charges | 65 | €18,669 | €19,599 | +€930 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €4,714 | €49,897 | +€45,183 | +958% |
| Income taxes | 67/77 | €4,722 | €11,795 | +€7,073 | +150% |
| Profit (loss) for the period | 9904 | -€8 | €38,102 | +€38,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8 | €38,102 | +€38,110 |
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.