AVISO+: 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.
AVISO+
Largest movements
- Cash +€231,953
up €231,953 (+188%), from €123,120 to €355,073
mainly Net result for the year (+€602,684) and Other debts (+€206,420)
- Receivables within one year +€159,451
up €159,451 (+111%), from €144,275 to €303,727
of which Trade receivables: +€158,589
- Tangible fixed assets -€70,345
down €70,345 (-9.4%), from €746,872 to €676,527
- Other debts +€206,420
up €206,420 (+60.6%), from €340,494 to €546,914
- Trade debts +€104,233
up €104,233 (+340%), from €30,626 to €134,860
- Debts after one year -€58,755
down €58,755 (-15.4%), from €380,526 to €321,771
- Reserves +€57,393
up €57,393 (+94.1%), from €61,011 to €118,404
- Tax, wage and social debts +€23,178
up €23,178 (+14.8%), from €156,253 to €179,430
of which Remuneration and social security: +€24,702
- Gross operating margin +€598,572
up €598,572 (+55.4%), from €1.1m to €1.7m
- Staff costs +€198,448
up €198,448 (+35.4%), from €560,733 to €759,181
- Taxes +€90,978
up €90,978 (+83.1%), from €109,466 to €200,443
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 | €1,045,205 | €1,378,733 | +€333,528 | +31.9% |
| Fixed assets | 21/28 | €746,872 | €676,527 | -€70,345 | -9.4% |
| Tangible fixed assets | 22/27 | €746,872 | €676,527 | -€70,345 | -9.4% |
| Land and buildings | 22 | €503,217 | €477,915 | -€25,302 | -5.0% |
| Plant, machinery and equipment | 23 | €54,404 | €44,126 | -€10,278 | -18.9% |
| Furniture and vehicles | 24 | €187,001 | €152,236 | -€34,766 | -18.6% |
| Other tangible fixed assets | 26 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €298,333 | €702,206 | +€403,873 | +135% |
| Amounts receivable within one year | 40/41 | €144,275 | €303,727 | +€159,451 | +111% |
| Trade receivables | 40 | €144,275 | €302,864 | +€158,589 | +110% |
| Other amounts receivable | 41 | - | €862 | +€862 | |
| Cash at bank and in hand | 54/58 | €123,120 | €355,073 | +€231,953 | +188% |
| Deferred charges and accrued income | 490/1 | €30,938 | €43,406 | +€12,468 | +40.3% |
| Total equity and liabilities | 10/49 | €1,045,205 | €1,378,733 | +€333,528 | +31.9% |
| Equity | 10/15 | €79,611 | €137,004 | +€57,393 | +72.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,011 | €118,404 | +€57,393 | +94.1% |
| Distributable reserves | 133 | €61,011 | €118,404 | +€57,393 | +94.1% |
| Amounts payable | 17/49 | €965,594 | €1,241,729 | +€276,135 | +28.6% |
| Amounts payable after more than one year | 17 | €380,526 | €321,771 | -€58,755 | -15.4% |
| Financial debts | 170/4 | €380,526 | €321,771 | -€58,755 | -15.4% |
| Amounts payable within one year | 42/48 | €584,349 | €919,958 | +€335,610 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €56,976 | €58,755 | +€1,779 | +3.1% |
| Trade debts | 44 | €30,626 | €134,860 | +€104,233 | +340% |
| Suppliers | 440/4 | €30,626 | €134,860 | +€104,233 | +340% |
| Taxes, remuneration and social security | 45 | €156,253 | €179,430 | +€23,178 | +14.8% |
| Taxes | 450/3 | €81,802 | €80,277 | -€1,525 | -1.9% |
| Remuneration and social security | 454/9 | €74,451 | €99,153 | +€24,702 | +33.2% |
| Other amounts payable | 47/48 | €340,494 | €546,914 | +€206,420 | +60.6% |
| Accrued charges and deferred income | 492/3 | €720 | - | -€720 | |
| Remuneration, social security and pensions | 62 | €560,733 | €759,181 | +€198,448 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,822 | €92,721 | +€3,899 | +4.4% |
| Other operating charges | 640/8 | €6,345 | €11,365 | +€5,020 | +79.1% |
| Gross operating margin | 9900 | €1,080,338 | €1,678,910 | +€598,572 | +55.4% |
| Operating profit (loss) | 9901 | €424,438 | €815,644 | +€391,205 | +92.2% |
| Financial income | 75/76B | €1,080 | €7,131 | +€6,051 | +560% |
| Recurring financial income | 75 | €1,080 | €7,131 | +€6,051 | +560% |
| Financial charges | 65/66B | €19,924 | €19,647 | -€277 | -1.4% |
| Recurring financial charges | 65 | €19,924 | €19,647 | -€277 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €405,594 | €803,127 | +€397,534 | +98.0% |
| Income taxes | 67/77 | €109,466 | €200,443 | +€90,978 | +83.1% |
| Profit (loss) for the period | 9904 | €296,128 | €602,684 | +€306,556 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €296,128 | €602,684 | +€306,556 | +104% |
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.