AVISE: what changed
AVISE
Largest movements
- Intangible fixed assets +€143,318
up €143,318 (+2,961%), from €4,840 to €148,158
- Cash +€70,454
up €70,454 (+9.3%), from €760,715 to €831,169
mainly Net result for the year (+€61,544) and Receivables within one year (+€44,171)
- Receivables within one year -€44,171
down €44,171 (-7.8%), from €564,366 to €520,194
of which Trade receivables: -€43,039
- Profit (loss) carried forward +€58,467
up €58,467, from -€53,957 to €4,510
- Trade debts +€41,214
up €41,214 (+6.0%), from €684,159 to €725,373
- Tax, wage and social debts +€30,441
up €30,441 (+32.0%), from €95,239 to €125,680
of which Taxes: +€26,356
- Accrued charges and deferred income +€27,556
up €27,556 (+11.3%), from €243,922 to €271,478
- Gross operating margin +€65,096
up €65,096 (+11.2%), from €581,255 to €646,350
- Write-downs -€33,631
down €33,631, from €22,826 to -€10,805
- Other operating charges +€29,798
up €29,798 (+128%), from €23,342 to €53,140
- Taxes +€26,403
up €26,403 (+5,059%), from €522 to €26,925
- Staff costs +€24,109
up €24,109 (+5.2%), from €462,644 to €486,753
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,353,163 | €1,513,918 | +€160,755 | +11.9% |
| Fixed assets | 21/28 | €4,840 | €148,158 | +€143,318 | +2,961% |
| Intangible fixed assets | 21 | €4,840 | €148,158 | +€143,318 | +2,961% |
| Current assets | 29/58 | €1,348,323 | €1,365,760 | +€17,437 | +1.3% |
| Amounts receivable within one year | 40/41 | €564,366 | €520,194 | -€44,171 | -7.8% |
| Trade receivables | 40 | €561,178 | €518,139 | -€43,039 | -7.7% |
| Other amounts receivable | 41 | €3,187 | €2,055 | -€1,133 | -35.5% |
| Cash at bank and in hand | 54/58 | €760,715 | €831,169 | +€70,454 | +9.3% |
| Deferred charges and accrued income | 490/1 | €23,242 | €14,396 | -€8,846 | -38.1% |
| Total equity and liabilities | 10/49 | €1,353,163 | €1,513,918 | +€160,755 | +11.9% |
| Equity | 10/15 | €329,843 | €391,387 | +€61,544 | +18.7% |
| Contributions | 10/11 | €358,000 | €358,000 | = | 0.0% |
| Capital | 10 | €358,000 | €358,000 | = | 0.0% |
| Issued capital | 100 | €358,000 | €358,000 | = | 0.0% |
| Reserves | 13 | €25,800 | €28,877 | +€3,077 | +11.9% |
| Non-distributable reserves | 130/1 | €10,800 | €13,877 | +€3,077 | +28.5% |
| Legal reserve | 130 | €10,800 | €13,877 | +€3,077 | +28.5% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,957 | €4,510 | +€58,467 | |
| Amounts payable | 17/49 | €1,023,320 | €1,122,531 | +€99,211 | +9.7% |
| Amounts payable within one year | 42/48 | €779,398 | €851,053 | +€71,655 | +9.2% |
| Trade debts | 44 | €684,159 | €725,373 | +€41,214 | +6.0% |
| Suppliers | 440/4 | €684,159 | €725,373 | +€41,214 | +6.0% |
| Taxes, remuneration and social security | 45 | €95,239 | €125,680 | +€30,441 | +32.0% |
| Taxes | 450/3 | €1,440 | €27,796 | +€26,356 | +1,831% |
| Remuneration and social security | 454/9 | €93,799 | €97,884 | +€4,085 | +4.4% |
| Accrued charges and deferred income | 492/3 | €243,922 | €271,478 | +€27,556 | +11.3% |
| Non-recurring operating income | 76A | €22,867 | €18,376 | -€4,491 | -19.6% |
| Remuneration, social security and pensions | 62 | €462,644 | €486,753 | +€24,109 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,840 | €25,751 | +€20,911 | +432% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,826 | -€10,805 | -€33,631 | |
| Other operating charges | 640/8 | €23,342 | €53,140 | +€29,798 | +128% |
| Non-recurring operating charges | 66A | €42,474 | €1,278 | -€41,196 | -97.0% |
| Gross operating margin | 9900 | €581,255 | €646,350 | +€65,096 | +11.2% |
| Operating profit (loss) | 9901 | €25,128 | €90,233 | +€65,105 | +259% |
| Financial charges | 65/66B | €1,870 | €1,764 | -€106 | -5.6% |
| Recurring financial charges | 65 | €1,870 | €1,764 | -€106 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €23,258 | €88,469 | +€65,211 | +280% |
| Income taxes | 67/77 | €522 | €26,925 | +€26,403 | +5,059% |
| Profit (loss) for the period | 9904 | €22,737 | €61,544 | +€38,808 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €22,737 | €61,544 | +€38,808 | +171% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.