AVIS INVESCO: 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.
AVIS INVESCO
Largest movements
- Tangible fixed assets +€64,170
up €64,170 (+9.6%), from €667,510 to €731,680
- Cash +€52,767
up €52,767 (+177.5%), from €29,724 to €82,491
mainly Other debts (+€77,380) and Depreciation (+€38,667)
- Receivables within one year +€20,880
up €20,880 (+82.1%), from €25,446 to €46,326
of which Trade receivables: +€20,250
- Other debts +€77,380
up €77,380 (+147.7%), from €52,388 to €129,768
- Debts after one year +€29,642
up €29,642 (+3.3%), from €897,891 to €927,533
- Current portion of long-term debt +€15,637
up €15,637 (+106.2%), from €14,720 to €30,357
- Trade debts +€11,712
up €11,712 (+47.9%), from €24,458 to €36,170
- Gross operating margin +€83,795
up €83,795, from -€2,017 to €81,778
- Purchases and services -€27,017
no longer reported in 2025 (was €27,017)
- Turnover -€25,000
no longer reported in 2025 (was €25,000)
- Other operating charges -€24,157
down €24,157 (-69.5%), from €34,734 to €10,577
- Depreciation +€10,103
up €10,103 (+35.4%), from €28,564 to €38,667
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €880,735 | €1,018,552 | +€137,817 | +15.6% |
| Fixed assets | 21/28 | €667,510 | €731,680 | +€64,170 | +9.6% |
| Tangible fixed assets | 22/27 | €667,510 | €731,680 | +€64,170 | +9.6% |
| Land and buildings | 22 | €667,510 | €731,680 | +€64,170 | +9.6% |
| Current assets | 29/58 | €213,225 | €286,872 | +€73,647 | +34.5% |
| Amounts receivable within one year | 40/41 | €25,446 | €46,326 | +€20,880 | +82.1% |
| Trade receivables | 40 | €25,000 | €45,250 | +€20,250 | +81.0% |
| Other amounts receivable | 41 | €446 | €1,076 | +€630 | +141.3% |
| Current investments | 50/53 | €158,055 | €158,055 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,724 | €82,491 | +€52,767 | +177.5% |
| Total equity and liabilities | 10/49 | €880,735 | €1,018,552 | +€137,817 | +15.6% |
| Equity | 10/15 | -€111,600 | -€107,735 | +€3,865 | +3.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,100 | -€169,235 | +€3,865 | +2.2% |
| Amounts payable | 17/49 | €992,335 | €1,126,287 | +€133,952 | +13.5% |
| Amounts payable after more than one year | 17 | €897,891 | €927,533 | +€29,642 | +3.3% |
| Financial debts | 170/4 | €897,891 | €927,533 | +€29,642 | +3.3% |
| Amounts payable within one year | 42/48 | €94,444 | €198,754 | +€104,310 | +110.4% |
| Current portion of amounts payable after more than one year | 42 | €14,720 | €30,357 | +€15,637 | +106.2% |
| Trade debts | 44 | €24,458 | €36,170 | +€11,712 | +47.9% |
| Suppliers | 440/4 | €24,458 | €36,170 | +€11,712 | +47.9% |
| Taxes, remuneration and social security | 45 | €2,878 | €2,459 | -€419 | -14.6% |
| Taxes | 450/3 | €2,878 | €2,459 | -€419 | -14.6% |
| Other amounts payable | 47/48 | €52,388 | €129,768 | +€77,380 | +147.7% |
| Turnover | 70 | €25,000 | - | -€25,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,017 | - | -€27,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,564 | €38,667 | +€10,103 | +35.4% |
| Other operating charges | 640/8 | €34,734 | €10,577 | -€24,157 | -69.5% |
| Gross operating margin | 9900 | -€2,017 | €81,778 | +€83,795 | |
| Operating profit (loss) | 9901 | -€65,315 | €32,534 | +€97,849 | |
| Financial income | 75/76B | €2,047 | €2,144 | +€97 | +4.7% |
| Recurring financial income | 75 | €2,047 | €2,144 | +€97 | +4.7% |
| Financial charges | 65/66B | €30,041 | €30,813 | +€772 | +2.6% |
| Recurring financial charges | 65 | €30,041 | €30,813 | +€772 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€93,309 | €3,865 | +€97,174 | |
| Profit (loss) for the period | 9904 | -€93,309 | €3,865 | +€97,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,309 | €3,865 | +€97,174 |
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 7 October 2026 via checked.be.