Avision+: 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.
Avision+
Largest movements
- Receivables within one year +€519,294
up €519,294 (+95.5%), from €543,560 to €1.1m
of which Other amounts receivable: +€502,354
- Cash -€78,037
down €78,037 (-28.2%), from €276,880 to €198,843
mainly Receivables within one year (-€519,294) and Investment in fixed assets (net) (-€76,952)
- Current investments +€74,228
up €74,228 (+151%), from €49,000 to €123,228
- Tangible fixed assets +€60,003
up €60,003 (+55.2%), from €108,687 to €168,690
of which Furniture and vehicles: +€64,260
- Reserves +€493,353
up €493,353 (+55.8%), from €884,074 to €1.4m
- Tax, wage and social debts +€37,662
up €37,662 (+74.3%), from €50,716 to €88,378
- Debts after one year +€25,374
new in 2025: €25,374
- Gross operating margin -€44,882
down €44,882 (-37.7%), from €119,080 to €74,198
- Taxes -€15,338
down €15,338 (-20.4%), from €75,367 to €60,028
- Financial income -€2,452
down €2,452 (-0.5%), from €503,387 to €500,935
- Depreciation +€2,068
up €2,068 (+13.9%), from €14,881 to €16,949
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 | €981,534 | €1,557,480 | +€575,946 | +58.7% |
| Fixed assets | 21/28 | €111,787 | €171,790 | +€60,003 | +53.7% |
| Tangible fixed assets | 22/27 | €108,687 | €168,690 | +€60,003 | +55.2% |
| Plant, machinery and equipment | 23 | €7,682 | €5,593 | -€2,089 | -27.2% |
| Furniture and vehicles | 24 | €49,010 | €113,270 | +€64,260 | +131% |
| Other tangible fixed assets | 26 | €51,995 | €49,827 | -€2,168 | -4.2% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €869,747 | €1,385,691 | +€515,943 | +59.3% |
| Amounts receivable within one year | 40/41 | €543,560 | €1,062,854 | +€519,294 | +95.5% |
| Trade receivables | 40 | €43,560 | €60,500 | +€16,940 | +38.9% |
| Other amounts receivable | 41 | €500,000 | €1,002,354 | +€502,354 | +100% |
| Current investments | 50/53 | €49,000 | €123,228 | +€74,228 | +151% |
| Cash at bank and in hand | 54/58 | €276,880 | €198,843 | -€78,037 | -28.2% |
| Deferred charges and accrued income | 490/1 | €307 | €765 | +€459 | +149% |
| Total equity and liabilities | 10/49 | €981,534 | €1,557,480 | +€575,946 | +58.7% |
| Equity | 10/15 | €896,474 | €1,389,827 | +€493,353 | +55.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €884,074 | €1,377,427 | +€493,353 | +55.8% |
| Distributable reserves | 133 | €884,074 | €1,377,427 | +€493,353 | +55.8% |
| Amounts payable | 17/49 | €85,060 | €167,653 | +€82,593 | +97.1% |
| Amounts payable after more than one year | 17 | - | €25,374 | +€25,374 | |
| Financial debts | 170/4 | - | €25,374 | +€25,374 | |
| Amounts payable within one year | 42/48 | €85,060 | €142,279 | +€57,220 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,833 | +€5,833 | |
| Trade debts | 44 | €189 | €6,657 | +€6,468 | +3,416% |
| Suppliers | 440/4 | €189 | €6,657 | +€6,468 | +3,416% |
| Taxes, remuneration and social security | 45 | €50,716 | €88,378 | +€37,662 | +74.3% |
| Taxes | 450/3 | €50,716 | €88,378 | +€37,662 | +74.3% |
| Other amounts payable | 47/48 | €34,154 | €41,410 | +€7,257 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,881 | €16,949 | +€2,068 | +13.9% |
| Other operating charges | 640/8 | €1,069 | €979 | -€90 | -8.4% |
| Gross operating margin | 9900 | €119,080 | €74,198 | -€44,882 | -37.7% |
| Operating profit (loss) | 9901 | €103,129 | €56,269 | -€46,860 | -45.4% |
| Financial income | 75/76B | €503,387 | €500,935 | -€2,452 | -0.5% |
| Recurring financial income | 75 | €503,387 | €500,935 | -€2,452 | -0.5% |
| Financial charges | 65/66B | €1,811 | €2,990 | +€1,179 | +65.1% |
| Recurring financial charges | 65 | €1,811 | €2,990 | +€1,179 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €604,706 | €554,214 | -€50,491 | -8.3% |
| Income taxes | 67/77 | €75,367 | €60,028 | -€15,338 | -20.4% |
| Profit (loss) for the period | 9904 | €529,339 | €494,186 | -€35,153 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €529,339 | €494,186 | -€35,153 | -6.6% |
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.