AVJ Bertrix-Lux: 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.
AVJ Bertrix-Lux
Largest movements
- Cash -€107,512
down €107,512 (-80.5%), from €133,487 to €25,974
mainly Net result for the year (-€50,174) and Current investments (-€50,003)
- Current investments +€50,003
up €50,003 (+20.4%), from €244,935 to €294,938
- Tangible fixed assets -€13,045
down €13,045 (-15.0%), from €87,067 to €74,022
of which Plant, machinery and equipment: -€9,867
- Receivables within one year -€11,787
down €11,787 (-18.3%), from €64,525 to €52,737
of which Trade receivables: -€17,058
- Profit (loss) carried forward -€50,174
down €50,174 (-46.9%), from €106,878 to €56,704
- Trade debts -€37,220
down €37,220 (-97.4%), from €38,228 to €1,008
- Tax, wage and social debts +€15,584
up €15,584 (+12.5%), from €124,924 to €140,508
of which Remuneration and social security: +€15,552
- Investment grants -€10,409
down €10,409 (-26.9%), from €38,718 to €28,309
- Gross operating margin +€65,032
up €65,032 (+6.6%), from €992,081 to €1.1m
- Staff costs +€33,998
up €33,998 (+3.2%), from €1.1m to €1.1m
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 | €530,932 | €448,470 | -€82,462 | -15.5% |
| Fixed assets | 21/28 | €87,525 | €74,480 | -€13,045 | -14.9% |
| Tangible fixed assets | 22/27 | €87,067 | €74,022 | -€13,045 | -15.0% |
| Land and buildings | 22 | €32,401 | €33,068 | +€667 | +2.1% |
| Plant, machinery and equipment | 23 | €39,558 | €29,691 | -€9,867 | -24.9% |
| Furniture and vehicles | 24 | €15,108 | €11,263 | -€3,845 | -25.4% |
| Financial fixed assets | 28 | €458 | €458 | = | 0.0% |
| Current assets | 29/58 | €443,406 | €373,989 | -€69,417 | -15.7% |
| Amounts receivable within one year | 40/41 | €64,525 | €52,737 | -€11,787 | -18.3% |
| Trade receivables | 40 | €29,105 | €12,047 | -€17,058 | -58.6% |
| Other amounts receivable | 41 | €35,420 | €40,690 | +€5,271 | +14.9% |
| Current investments | 50/53 | €244,935 | €294,938 | +€50,003 | +20.4% |
| Cash at bank and in hand | 54/58 | €133,487 | €25,974 | -€107,512 | -80.5% |
| Deferred charges and accrued income | 490/1 | €460 | €340 | -€120 | -26.1% |
| Total equity and liabilities | 10/49 | €530,932 | €448,470 | -€82,462 | -15.5% |
| Equity | 10/15 | €316,417 | €255,834 | -€60,583 | -19.1% |
| Reserves | 13 | €170,821 | €170,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,878 | €56,704 | -€50,174 | -46.9% |
| Investment grants | 15 | €38,718 | €28,309 | -€10,409 | -26.9% |
| Amounts payable | 17/49 | €214,515 | €192,635 | -€21,880 | -10.2% |
| Amounts payable within one year | 42/48 | €163,152 | €141,516 | -€21,637 | -13.3% |
| Trade debts | 44 | €38,228 | €1,008 | -€37,220 | -97.4% |
| Suppliers | 440/4 | €38,228 | €1,008 | -€37,220 | -97.4% |
| Taxes, remuneration and social security | 45 | €124,924 | €140,508 | +€15,584 | +12.5% |
| Taxes | 450/3 | €1,436 | €1,468 | +€32 | +2.2% |
| Remuneration and social security | 454/9 | €123,488 | €139,040 | +€15,552 | +12.6% |
| Accrued charges and deferred income | 492/3 | €51,363 | €51,120 | -€243 | -0.5% |
| Remuneration, social security and pensions | 62 | €1,061,771 | €1,095,770 | +€33,998 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,959 | €19,977 | -€1,982 | -9.0% |
| Other operating charges | 640/8 | €1,825 | €2,646 | +€821 | +45.0% |
| Gross operating margin | 9900 | €992,081 | €1,057,114 | +€65,032 | +6.6% |
| Operating profit (loss) | 9901 | -€93,474 | -€61,279 | +€32,195 | +34.4% |
| Financial income | 75/76B | €18,451 | €11,623 | -€6,828 | -37.0% |
| Recurring financial income | 75 | €18,451 | €11,623 | -€6,828 | -37.0% |
| Financial charges | 65/66B | €622 | €456 | -€166 | -26.7% |
| Recurring financial charges | 65 | €622 | €456 | -€166 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€75,645 | -€50,112 | +€25,533 | +33.8% |
| Income taxes | 67/77 | €170 | €62 | -€108 | -63.3% |
| Profit (loss) for the period | 9904 | -€75,815 | -€50,174 | +€25,641 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,815 | -€50,174 | +€25,641 | +33.8% |
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 21 October 2026 via checked.be.