AVM360: 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.
AVM360
Largest movements
- Current investments +€147,656
up €147,656 (+19.8%), from €746,888 to €894,544
- Receivables within one year -€30,597
down €30,597 (-100%), from €30,597 to €0
of which Trade receivables: -€30,553
- Tangible fixed assets -€22,750
down €22,750 (-39.9%), from €57,080 to €34,329
of which Furniture and vehicles: -€28,975
- Profit (loss) carried forward +€203,832
up €203,832 (+34.2%), from €596,594 to €800,426
- Tax, wage and social debts -€118,269
down €118,269 (-59.1%), from €200,186 to €81,917
of which Taxes: -€118,256
- Other debts +€95,119
up €95,119 (+10,979%), from €866 to €95,985
- Debts after one year -€89,900
down €89,900 (-100%), from €89,900 to €0
- Gross operating margin -€541,320
down €541,320 (-65.3%), from €829,383 to €288,064
- Taxes -€127,741
down €127,741 (-65.8%), from €194,071 to €66,330
- Financial income +€16,278
up €16,278 (+3,412%), from €477 to €16,755
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 | €902,517 | €992,442 | +€89,926 | +10.0% |
| Fixed assets | 21/28 | €57,080 | €34,329 | -€22,750 | -39.9% |
| Tangible fixed assets | 22/27 | €57,080 | €34,329 | -€22,750 | -39.9% |
| Furniture and vehicles | 24 | €56,233 | €27,258 | -€28,975 | -51.5% |
| Other tangible fixed assets | 26 | €846 | €7,071 | +€6,225 | +735% |
| Current assets | 29/58 | €845,437 | €958,113 | +€112,676 | +13.3% |
| Amounts receivable within one year | 40/41 | €30,597 | €0 | -€30,597 | -100% |
| Trade receivables | 40 | €30,553 | €0 | -€30,553 | -100% |
| Other amounts receivable | 41 | €45 | €0 | -€45 | -100% |
| Current investments | 50/53 | €746,888 | €894,544 | +€147,656 | +19.8% |
| Cash at bank and in hand | 54/58 | €65,514 | €60,962 | -€4,551 | -6.9% |
| Deferred charges and accrued income | 490/1 | €2,438 | €2,607 | +€169 | +6.9% |
| Total equity and liabilities | 10/49 | €902,517 | €992,442 | +€89,926 | +10.0% |
| Equity | 10/15 | €601,594 | €805,426 | +€203,832 | +33.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €596,594 | €800,426 | +€203,832 | +34.2% |
| Amounts payable | 17/49 | €300,923 | €187,016 | -€113,906 | -37.9% |
| Amounts payable after more than one year | 17 | €89,900 | €0 | -€89,900 | -100% |
| Financial debts | 170/4 | €89,900 | €0 | -€89,900 | -100% |
| Amounts payable within one year | 42/48 | €204,635 | €183,077 | -€21,558 | -10.5% |
| Financial debts | 43 | €1,142 | €2,467 | +€1,325 | +116% |
| Credit institutions | 430/8 | €1,142 | €2,467 | +€1,325 | +116% |
| Trade debts | 44 | €2,440 | €2,707 | +€267 | +10.9% |
| Suppliers | 440/4 | €2,440 | €2,707 | +€267 | +10.9% |
| Taxes, remuneration and social security | 45 | €200,186 | €81,917 | -€118,269 | -59.1% |
| Taxes | 450/3 | €198,673 | €80,417 | -€118,256 | -59.5% |
| Remuneration and social security | 454/9 | €1,513 | €1,500 | -€13 | -0.9% |
| Other amounts payable | 47/48 | €866 | €95,985 | +€95,119 | +10,979% |
| Accrued charges and deferred income | 492/3 | €6,388 | €3,940 | -€2,449 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,882 | €29,586 | -€3,296 | -10.0% |
| Other operating charges | 640/8 | €848 | €803 | -€46 | -5.4% |
| Gross operating margin | 9900 | €829,383 | €288,064 | -€541,320 | -65.3% |
| Operating profit (loss) | 9901 | €795,653 | €257,675 | -€537,978 | -67.6% |
| Financial income | 75/76B | €477 | €16,755 | +€16,278 | +3,412% |
| Recurring financial income | 75 | €477 | €16,755 | +€16,278 | +3,412% |
| Financial charges | 65/66B | €5,465 | €4,269 | -€1,196 | -21.9% |
| Recurring financial charges | 65 | €5,465 | €4,269 | -€1,196 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €790,665 | €270,162 | -€520,503 | -65.8% |
| Income taxes | 67/77 | €194,071 | €66,330 | -€127,741 | -65.8% |
| Profit (loss) for the period | 9904 | €596,594 | €203,832 | -€392,762 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €596,594 | €203,832 | -€392,762 | -65.8% |
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 15 October 2026 via checked.be.