AVLB: 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.
AVLB
Largest movements
- Cash -€21,036
down €21,036 (-64.6%), from €32,568 to €11,532
mainly Net result for the year (-€11,626) and Investment in fixed assets (net) (-€6,879)
- Tangible fixed assets +€5,276
up €5,276 (+171.5%), from €3,077 to €8,353
- Receivables within one year +€4,224
up €4,224 (+45.2%), from €9,351 to €13,576
of which Other amounts receivable: +€8,969
- Current investments -€2,570
no longer reported in 2025 (was €2,570)
- Deferred charges and accrued income +€1,135
up €1,135 (+63.2%), from €1,797 to €2,932
- Profit (loss) carried forward -€11,626
down €11,626 (-73.8%), from €15,755 to €4,129
- Other debts -€1,335
no longer reported in 2025 (was €1,335)
- Gross operating margin -€20,724
down €20,724, from €14,230 to -€6,494
- Financial charges -€961
down €961 (-26.2%), from €3,663 to €2,702
- Taxes +€877
no longer reported in 2025 (was -€877)
- Depreciation +€599
up €599 (+59.6%), from €1,004 to €1,603
- Financial income +€479
up €479 (+657.4%), from €73 to €552
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 | €49,363 | €36,393 | -€12,971 | -26.3% |
| Fixed assets | 21/28 | €3,077 | €8,353 | +€5,276 | +171.5% |
| Tangible fixed assets | 22/27 | €3,077 | €8,353 | +€5,276 | +171.5% |
| Furniture and vehicles | 24 | €3,077 | €8,353 | +€5,276 | +171.5% |
| Current assets | 29/58 | €46,287 | €28,040 | -€18,247 | -39.4% |
| Amounts receivable within one year | 40/41 | €9,351 | €13,576 | +€4,224 | +45.2% |
| Trade receivables | 40 | €4,745 | - | -€4,745 | |
| Other amounts receivable | 41 | €4,606 | €13,576 | +€8,969 | +194.7% |
| Current investments | 50/53 | €2,570 | - | -€2,570 | |
| Cash at bank and in hand | 54/58 | €32,568 | €11,532 | -€21,036 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,797 | €2,932 | +€1,135 | +63.2% |
| Total equity and liabilities | 10/49 | €49,363 | €36,393 | -€12,971 | -26.3% |
| Equity | 10/15 | €46,613 | €34,987 | -€11,626 | -24.9% |
| Contributions | 10/11 | €30,858 | €30,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,755 | €4,129 | -€11,626 | -73.8% |
| Amounts payable | 17/49 | €2,750 | €1,405 | -€1,345 | -48.9% |
| Amounts payable within one year | 42/48 | €2,750 | €1,405 | -€1,345 | -48.9% |
| Trade debts | 44 | €182 | €172 | -€10 | -5.6% |
| Suppliers | 440/4 | €182 | €172 | -€10 | -5.6% |
| Taxes, remuneration and social security | 45 | €1,233 | €1,233 | = | 0.0% |
| Taxes | 450/3 | €1,233 | €1,233 | = | 0.0% |
| Other amounts payable | 47/48 | €1,335 | - | -€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €1,603 | +€599 | +59.6% |
| Other operating charges | 640/8 | €1,321 | €1,379 | +€58 | +4.4% |
| Gross operating margin | 9900 | €14,230 | -€6,494 | -€20,724 | |
| Operating profit (loss) | 9901 | €11,905 | -€9,476 | -€21,381 | |
| Financial income | 75/76B | €73 | €552 | +€479 | +657.4% |
| Recurring financial income | 75 | €73 | €552 | +€479 | +657.4% |
| Financial charges | 65/66B | €3,663 | €2,702 | -€961 | -26.2% |
| Recurring financial charges | 65 | €3,663 | €2,702 | -€961 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €8,315 | -€11,626 | -€19,941 | |
| Income taxes | 67/77 | -€877 | - | +€877 | |
| Profit (loss) for the period | 9904 | €9,193 | -€11,626 | -€20,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,193 | -€11,626 | -€20,818 |
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 3 October 2026 via checked.be.