Avizzo: what changed
Two fiscal 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.
Avizzo
Largest movements
- Tangible fixed assets +€448,418
up €448,418 (+49.3%), from €908,683 to €1.4m
of which Land and buildings: +€462,961
- Receivables within one year -€16,702
down €16,702 (-60.4%), from €27,647 to €10,945
- Debts after one year +€386,868
up €386,868 (+80.3%), from €481,988 to €868,857
of which Financial debts: +€396,388
- Reserves +€39,727
up €39,727 (+67.5%), from €58,881 to €98,608
- Current portion of long-term debt +€29,510
up €29,510 (+91.1%), from €32,392 to €61,901
- Gross operating margin +€28,153
up €28,153 (+32.9%), from €85,529 to €113,682
- Financial charges +€7,443
up €7,443 (+32.6%), from €22,853 to €30,296
- Taxes +€4,604
up €4,604 (+34.6%), from €13,322 to €17,926
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.
Cash bridge derived
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 | €936,426 | €1,371,823 | +€435,396 | +46.5% |
| Fixed assets | 21/28 | €908,683 | €1,357,101 | +€448,418 | +49.3% |
| Tangible fixed assets | 22/27 | €908,683 | €1,357,101 | +€448,418 | +49.3% |
| Land and buildings | 22 | €582,379 | €1,045,340 | +€462,961 | +79.5% |
| Plant, machinery and equipment | 23 | - | €114 | +€114 | |
| Furniture and vehicles | 24 | €6,192 | €3,639 | -€2,553 | -41.2% |
| Other tangible fixed assets | 26 | €320,112 | €308,009 | -€12,103 | -3.8% |
| Current assets | 29/58 | €27,744 | €14,721 | -€13,022 | -46.9% |
| Amounts receivable within one year | 40/41 | €27,647 | €10,945 | -€16,702 | -60.4% |
| Trade receivables | 40 | €27,647 | €10,945 | -€16,702 | -60.4% |
| Cash at bank and in hand | 54/58 | €97 | €3,776 | +€3,680 | +3806.6% |
| Total equity and liabilities | 10/49 | €936,426 | €1,371,823 | +€435,396 | +46.5% |
| Equity | 10/15 | €386,854 | €426,581 | +€39,727 | +10.3% |
| Contributions | 10/11 | €76,973 | €76,973 | = | 0.0% |
| Revaluation surpluses | 12 | €251,000 | €251,000 | = | 0.0% |
| Reserves | 13 | €58,881 | €98,608 | +€39,727 | +67.5% |
| Distributable reserves | 133 | €58,881 | €98,608 | +€39,727 | +67.5% |
| Amounts payable | 17/49 | €549,573 | €945,241 | +€395,669 | +72.0% |
| Amounts payable after more than one year | 17 | €481,988 | €868,857 | +€386,868 | +80.3% |
| Financial debts | 170/4 | €464,890 | €861,278 | +€396,388 | +85.3% |
| Other amounts payable | 178/9 | €17,098 | €7,578 | -€9,520 | -55.7% |
| Amounts payable within one year | 42/48 | €67,584 | €76,384 | +€8,800 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €32,392 | €61,901 | +€29,510 | +91.1% |
| Financial debts | 43 | €963 | - | -€963 | |
| Credit institutions | 430/8 | €963 | - | -€963 | |
| Trade debts | 44 | €9,087 | €206 | -€8,881 | -97.7% |
| Suppliers | 440/4 | €9,087 | €206 | -€8,881 | -97.7% |
| Taxes, remuneration and social security | 45 | €25,142 | €14,268 | -€10,874 | -43.2% |
| Taxes | 450/3 | €25,142 | €14,268 | -€10,874 | -43.2% |
| Other amounts payable | 47/48 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,858 | €19,718 | +€860 | +4.6% |
| Other operating charges | 640/8 | €5,441 | €6,030 | +€590 | +10.8% |
| Gross operating margin | 9900 | €85,529 | €113,682 | +€28,153 | +32.9% |
| Operating profit (loss) | 9901 | €61,230 | €87,934 | +€26,704 | +43.6% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €22,853 | €30,296 | +€7,443 | +32.6% |
| Recurring financial charges | 65 | €22,853 | €30,296 | +€7,443 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €38,377 | €57,654 | +€19,276 | +50.2% |
| Income taxes | 67/77 | €13,322 | €17,926 | +€4,604 | +34.6% |
| Profit (loss) for the period | 9904 | €25,055 | €39,727 | +€14,672 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,055 | €39,727 | +€14,672 | +58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.