Avmanco: 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.
Avmanco
Largest movements
- Deferred charges and accrued income +€120,000
new in 2025: €120,000
- Receivables within one year -€100,366
no longer reported in 2025 (was €100,366)
- Current investments +€44,004
up €44,004 (+367%), from €12,000 to €56,004
- Cash -€22,269
down €22,269 (-18.4%), from €120,779 to €98,510
mainly Contributions, distributions and other (-€201,659) and Deferred charges and accrued income (-€120,000)
- Profit (loss) carried forward +€38,585
up €38,585 (+19.1%), from €201,659 to €240,245
- Other debts +€7,496
up €7,496 (+1,247%), from €601 to €8,097
- Tax, wage and social debts -€5,752
down €5,752 (-12.0%), from €47,903 to €42,150
- Gross operating margin +€171,634
up €171,634 (+111%), from €154,341 to €325,975
- Taxes +€44,029
up €44,029 (+126%), from €35,056 to €79,085
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 | €252,939 | €293,342 | +€40,404 | +16.0% |
| Fixed assets | 21/28 | €19,794 | €18,829 | -€965 | -4.9% |
| Tangible fixed assets | 22/27 | €19,794 | €18,829 | -€965 | -4.9% |
| Land and buildings | 22 | €17,439 | €15,546 | -€1,894 | -10.9% |
| Plant, machinery and equipment | 23 | - | €1,970 | +€1,970 | |
| Furniture and vehicles | 24 | €2,355 | €1,314 | -€1,041 | -44.2% |
| Current assets | 29/58 | €233,145 | €274,514 | +€41,369 | +17.7% |
| Amounts receivable within one year | 40/41 | €100,366 | - | -€100,366 | |
| Other amounts receivable | 41 | €100,366 | - | -€100,366 | |
| Current investments | 50/53 | €12,000 | €56,004 | +€44,004 | +367% |
| Cash at bank and in hand | 54/58 | €120,779 | €98,510 | -€22,269 | -18.4% |
| Deferred charges and accrued income | 490/1 | - | €120,000 | +€120,000 | |
| Total equity and liabilities | 10/49 | €252,939 | €293,342 | +€40,404 | +16.0% |
| Equity | 10/15 | €203,659 | €242,245 | +€38,585 | +18.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,659 | €240,245 | +€38,585 | +19.1% |
| Amounts payable | 17/49 | €49,279 | €51,098 | +€1,819 | +3.7% |
| Amounts payable within one year | 42/48 | €49,279 | €51,098 | +€1,819 | +3.7% |
| Trade debts | 44 | €775 | €850 | +€75 | +9.7% |
| Suppliers | 440/4 | €775 | €850 | +€75 | +9.7% |
| Taxes, remuneration and social security | 45 | €47,903 | €42,150 | -€5,752 | -12.0% |
| Taxes | 450/3 | €47,903 | €42,150 | -€5,752 | -12.0% |
| Other amounts payable | 47/48 | €601 | €8,097 | +€7,496 | +1,247% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,985 | €2,935 | +€950 | +47.9% |
| Other operating charges | 640/8 | €525 | €1,120 | +€595 | +113% |
| Gross operating margin | 9900 | €154,341 | €325,975 | +€171,634 | +111% |
| Operating profit (loss) | 9901 | €151,831 | €321,920 | +€170,089 | +112% |
| Financial income | 75/76B | €683 | €238 | -€445 | -65.1% |
| Recurring financial income | 75 | €683 | €238 | -€445 | -65.1% |
| Financial charges | 65/66B | €3,420 | €2,829 | -€591 | -17.3% |
| Recurring financial charges | 65 | €3,420 | €2,829 | -€591 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €149,095 | €319,330 | +€170,235 | +114% |
| Income taxes | 67/77 | €35,056 | €79,085 | +€44,029 | +126% |
| Profit (loss) for the period | 9904 | €114,038 | €240,245 | +€126,206 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €114,038 | €240,245 | +€126,206 | +111% |
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.