AVISAIN: 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.
AVISAIN
Largest movements
- Receivables within one year +€14,824
up €14,824 (+129%), from €11,489 to €26,313
of which Trade receivables: +€13,392
- Cash +€4,850
up €4,850 (+666%), from €729 to €5,579
mainly Depreciation (+€17,583) and Trade debts (+€17,399)
- Trade debts +€17,399
up €17,399 (+487%), from €3,570 to €20,969
- Other debts +€14,262
up €14,262 (+9.0%), from €157,604 to €171,867
- Debts after one year -€6,725
down €6,725 (-12.4%), from €54,064 to €47,339
- Profit (loss) carried forward -€5,798
down €5,798 (-5.4%), from -€107,990 to -€113,787
- Gross operating margin +€9,757
up €9,757 (+205%), from €4,764 to €14,521
- Depreciation -€4,153
down €4,153 (-19.1%), from €21,735 to €17,583
- Financial charges -€153
down €153 (-9.4%), from €1,626 to €1,473
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 | €283,835 | €303,916 | +€20,081 | +7.1% |
| Fixed assets | 21/28 | €251,927 | €249,344 | -€2,583 | -1.0% |
| Tangible fixed assets | 22/27 | €248,305 | €245,722 | -€2,583 | -1.0% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €172,460 | €170,239 | -€2,221 | -1.3% |
| Furniture and vehicles | 24 | €846 | €483 | -€362 | -42.8% |
| Financial fixed assets | 28 | €3,622 | €3,622 | = | 0.0% |
| Current assets | 29/58 | €31,909 | €54,573 | +€22,664 | +71.0% |
| Stocks and contracts in progress | 3 | €19,691 | €22,681 | +€2,990 | +15.2% |
| Stocks | 30/36 | €19,691 | €22,681 | +€2,990 | +15.2% |
| Amounts receivable within one year | 40/41 | €11,489 | €26,313 | +€14,824 | +129% |
| Trade receivables | 40 | €10,865 | €24,257 | +€13,392 | +123% |
| Other amounts receivable | 41 | €624 | €2,056 | +€1,432 | +230% |
| Cash at bank and in hand | 54/58 | €729 | €5,579 | +€4,850 | +666% |
| Total equity and liabilities | 10/49 | €283,835 | €303,916 | +€20,081 | +7.1% |
| Equity | 10/15 | €62,036 | €56,238 | -€5,798 | -9.3% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,990 | -€113,787 | -€5,798 | -5.4% |
| Amounts payable | 17/49 | €221,800 | €247,678 | +€25,879 | +11.7% |
| Amounts payable after more than one year | 17 | €54,064 | €47,339 | -€6,725 | -12.4% |
| Financial debts | 170/4 | €54,064 | €47,339 | -€6,725 | -12.4% |
| Amounts payable within one year | 42/48 | €167,736 | €200,101 | +€32,365 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €6,561 | €7,266 | +€705 | +10.7% |
| Trade debts | 44 | €3,570 | €20,969 | +€17,399 | +487% |
| Suppliers | 440/4 | €3,570 | €20,969 | +€17,399 | +487% |
| Other amounts payable | 47/48 | €157,604 | €171,867 | +€14,262 | +9.0% |
| Accrued charges and deferred income | 492/3 | - | €238 | +€238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,735 | €17,583 | -€4,153 | -19.1% |
| Other operating charges | 640/8 | €1,356 | €1,262 | -€93 | -6.9% |
| Gross operating margin | 9900 | €4,764 | €14,521 | +€9,757 | +205% |
| Operating profit (loss) | 9901 | -€18,327 | -€4,324 | +€14,003 | +76.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,626 | €1,473 | -€153 | -9.4% |
| Recurring financial charges | 65 | €1,626 | €1,473 | -€153 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,951 | -€5,798 | +€14,153 | +70.9% |
| Profit (loss) for the period | 9904 | -€19,951 | -€5,798 | +€14,153 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,951 | -€5,798 | +€14,153 | +70.9% |
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 14 October 2026 via checked.be.