AVM Cadans: 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.
AVM Cadans
Largest movements
- Cash +€88,512
up €88,512 (+154%), from €57,427 to €145,939
mainly Net result for the year (+€90,208) and Trade debts (+€43,452)
- Receivables within one year +€54,233
new in 2025: €54,233
of which Trade receivables: +€50,438
- Reserves +€90,208
up €90,208 (+568%), from €15,873 to €106,081
- Trade debts +€43,452
up €43,452 (+450%), from €9,666 to €53,117
- Tax, wage and social debts +€11,067
up €11,067 (+47.8%), from €23,173 to €34,241
of which Taxes: +€11,907
- Gross operating margin +€107,268
up €107,268 (+478%), from €22,437 to €129,705
- Taxes +€37,772
new in 2025: €37,772
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 | €57,427 | €201,191 | +€143,765 | +250% |
| Fixed assets | 21/28 | - | €1,020 | +€1,020 | |
| Tangible fixed assets | 22/27 | - | €1,020 | +€1,020 | |
| Furniture and vehicles | 24 | - | €1,020 | +€1,020 | |
| Current assets | 29/58 | €57,427 | €200,171 | +€142,745 | +249% |
| Amounts receivable within one year | 40/41 | - | €54,233 | +€54,233 | |
| Trade receivables | 40 | - | €50,438 | +€50,438 | |
| Other amounts receivable | 41 | - | €3,795 | +€3,795 | |
| Cash at bank and in hand | 54/58 | €57,427 | €145,939 | +€88,512 | +154% |
| Total equity and liabilities | 10/49 | €57,427 | €201,191 | +€143,765 | +250% |
| Equity | 10/15 | €21,873 | €112,081 | +€90,208 | +412% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,873 | €106,081 | +€90,208 | +568% |
| Distributable reserves | 133 | €15,873 | €106,081 | +€90,208 | +568% |
| Amounts payable | 17/49 | €35,554 | €89,110 | +€53,556 | +151% |
| Amounts payable within one year | 42/48 | €35,554 | €89,110 | +€53,556 | +151% |
| Trade debts | 44 | €9,666 | €53,117 | +€43,452 | +450% |
| Suppliers | 440/4 | €9,666 | €53,117 | +€43,452 | +450% |
| Taxes, remuneration and social security | 45 | €23,173 | €34,241 | +€11,067 | +47.8% |
| Taxes | 450/3 | €18,365 | €30,272 | +€11,907 | +64.8% |
| Remuneration and social security | 454/9 | €4,809 | €3,968 | -€840 | -17.5% |
| Other amounts payable | 47/48 | €2,715 | €1,752 | -€963 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €326 | +€326 | |
| Other operating charges | 640/8 | €50 | €1,243 | +€1,193 | +2,385% |
| Gross operating margin | 9900 | €22,437 | €129,705 | +€107,268 | +478% |
| Operating profit (loss) | 9901 | €22,387 | €128,136 | +€105,750 | +472% |
| Financial charges | 65/66B | €22 | €156 | +€134 | +609% |
| Recurring financial charges | 65 | €22 | €156 | +€134 | +609% |
| Profit (loss) for the period before taxes | 9903 | €22,365 | €127,980 | +€105,616 | +472% |
| Income taxes | 67/77 | - | €37,772 | +€37,772 | |
| Profit (loss) for the period | 9904 | €22,365 | €90,208 | +€67,844 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €22,365 | €90,208 | +€67,844 | +303% |
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 19 October 2026 via checked.be.