AVISUM: 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.
AVISUM
Largest movements
- Cash +€74,695
up €74,695 (+62.1%), from €120,286 to €194,981
mainly Net result for the year (+€105,493) and Other debts (+€104,211)
- Receivables within one year -€15,726
down €15,726 (-20.4%), from €77,032 to €61,306
- Tangible fixed assets -€11,865
down €11,865 (-35.4%), from €33,539 to €21,674
of which Plant, machinery and equipment: -€6,781
- Other debts +€104,211
up €104,211 (+219%), from €47,598 to €151,810
- Reserves -€54,100
down €54,100 (-31.5%), from €171,893 to €117,793
of which Distributable reserves: -€54,100
- Tax, wage and social debts -€6,945
down €6,945 (-21.5%), from €32,355 to €25,410
- Trade debts +€4,626
up €4,626 (+27.6%), from €16,745 to €21,371
- Gross operating margin +€38,497
up €38,497 (+30.9%), from €124,567 to €163,064
- Taxes +€7,995
up €7,995 (+27.7%), from €28,889 to €36,885
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 | €287,192 | €335,015 | +€47,823 | +16.7% |
| Fixed assets | 21/28 | €33,539 | €21,674 | -€11,865 | -35.4% |
| Tangible fixed assets | 22/27 | €33,539 | €21,674 | -€11,865 | -35.4% |
| Plant, machinery and equipment | 23 | €16,767 | €9,985 | -€6,781 | -40.4% |
| Furniture and vehicles | 24 | €16,772 | €11,688 | -€5,084 | -30.3% |
| Current assets | 29/58 | €253,652 | €313,341 | +€59,689 | +23.5% |
| Amounts receivable within one year | 40/41 | €77,032 | €61,306 | -€15,726 | -20.4% |
| Trade receivables | 40 | €77,032 | €61,306 | -€15,726 | -20.4% |
| Current investments | 50/53 | €50,000 | €50,394 | +€394 | +0.8% |
| Cash at bank and in hand | 54/58 | €120,286 | €194,981 | +€74,695 | +62.1% |
| Deferred charges and accrued income | 490/1 | €6,335 | €6,660 | +€325 | +5.1% |
| Total equity and liabilities | 10/49 | €287,192 | €335,015 | +€47,823 | +16.7% |
| Equity | 10/15 | €190,493 | €136,393 | -€54,100 | -28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,893 | €117,793 | -€54,100 | -31.5% |
| Tax-exempt reserves | 132 | €12,300 | €12,300 | = | 0.0% |
| Distributable reserves | 133 | €159,593 | €105,493 | -€54,100 | -33.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,698 | €198,622 | +€101,924 | +105% |
| Amounts payable within one year | 42/48 | €96,698 | €198,590 | +€101,892 | +105% |
| Trade debts | 44 | €16,745 | €21,371 | +€4,626 | +27.6% |
| Suppliers | 440/4 | €16,745 | €21,371 | +€4,626 | +27.6% |
| Taxes, remuneration and social security | 45 | €32,355 | €25,410 | -€6,945 | -21.5% |
| Taxes | 450/3 | €32,355 | €25,410 | -€6,945 | -21.5% |
| Other amounts payable | 47/48 | €47,598 | €151,810 | +€104,211 | +219% |
| Accrued charges and deferred income | 492/3 | €0 | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,953 | €13,427 | +€475 | +3.7% |
| Other operating charges | 640/8 | €841 | €842 | +€1 | +0.1% |
| Non-recurring operating charges | 66A | - | €6,930 | +€6,930 | |
| Gross operating margin | 9900 | €124,567 | €163,064 | +€38,497 | +30.9% |
| Operating profit (loss) | 9901 | €110,773 | €141,865 | +€31,092 | +28.1% |
| Financial income | 75/76B | - | €564 | +€564 | |
| Recurring financial income | 75 | - | €564 | +€564 | |
| Financial charges | 65/66B | €88 | €50 | -€38 | -43.0% |
| Recurring financial charges | 65 | €88 | €50 | -€38 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €110,684 | €142,378 | +€31,694 | +28.6% |
| Income taxes | 67/77 | €28,889 | €36,885 | +€7,995 | +27.7% |
| Profit (loss) for the period | 9904 | €81,795 | €105,493 | +€23,698 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,795 | €105,493 | +€23,698 | +29.0% |
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 15 October 2026 via checked.be.