AVO-Construct: 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.
AVO-Construct
Largest movements
- Receivables within one year +€20,228
up €20,228 (+307.0%), from €6,590 to €26,818
of which Trade receivables: +€21,748
- Tangible fixed assets -€6,792
down €6,792 (-40.1%), from €16,944 to €10,152
of which Furniture and vehicles: -€5,563
- Cash -€3,185
down €3,185 (-89.2%), from €3,570 to €385
mainly Receivables within one year (-€20,228) and Other debts (-€4,520)
- Stocks and contracts -€750
down €750 (-100.0%), from €750 to €0
- Trade debts +€15,063
up €15,063 (+1311.2%), from €1,149 to €16,211
- Other debts -€4,520
down €4,520 (-90.2%), from €5,010 to €490
- Tax, wage and social debts -€973
down €973 (-27.6%), from €3,530 to €2,557
- Gross operating margin -€2,679
down €2,679 (-28.0%), from €9,583 to €6,904
- Taxes -€483
down €483 (-100.0%), from €483 to €0
- Depreciation -€99
down €99 (-1.4%), from €6,892 to €6,792
- Other operating charges +€96
up €96 (+41.7%), from €230 to €326
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 | €28,725 | €38,029 | +€9,303 | +32.4% |
| Fixed assets | 21/28 | €17,544 | €10,752 | -€6,792 | -38.7% |
| Tangible fixed assets | 22/27 | €16,944 | €10,152 | -€6,792 | -40.1% |
| Plant, machinery and equipment | 23 | €1,455 | €226 | -€1,230 | -84.5% |
| Furniture and vehicles | 24 | €15,489 | €9,927 | -€5,563 | -35.9% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €11,181 | €27,277 | +€16,095 | +144.0% |
| Stocks and contracts in progress | 3 | €750 | €0 | -€750 | -100.0% |
| Stocks | 30/36 | €750 | €0 | -€750 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,590 | €26,818 | +€20,228 | +307.0% |
| Trade receivables | 40 | €4,985 | €26,732 | +€21,748 | +436.3% |
| Other amounts receivable | 41 | €1,605 | €86 | -€1,519 | -94.7% |
| Cash at bank and in hand | 54/58 | €3,570 | €385 | -€3,185 | -89.2% |
| Deferred charges and accrued income | 490/1 | €272 | €74 | -€198 | -72.9% |
| Total equity and liabilities | 10/49 | €28,725 | €38,029 | +€9,303 | +32.4% |
| Equity | 10/15 | €19,037 | €18,737 | -€300 | -1.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €15,537 | €15,237 | -€300 | -1.9% |
| Distributable reserves | 133 | €15,537 | €15,237 | -€300 | -1.9% |
| Amounts payable | 17/49 | €9,689 | €19,291 | +€9,603 | +99.1% |
| Amounts payable within one year | 42/48 | €9,689 | €19,258 | +€9,570 | +98.8% |
| Trade debts | 44 | €1,149 | €16,211 | +€15,063 | +1311.2% |
| Suppliers | 440/4 | €1,149 | €16,211 | +€15,063 | +1311.2% |
| Taxes, remuneration and social security | 45 | €3,530 | €2,557 | -€973 | -27.6% |
| Taxes | 450/3 | €3,530 | €2,557 | -€973 | -27.6% |
| Other amounts payable | 47/48 | €5,010 | €490 | -€4,520 | -90.2% |
| Accrued charges and deferred income | 492/3 | - | €33 | +€33 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,892 | €6,792 | -€99 | -1.4% |
| Other operating charges | 640/8 | €230 | €326 | +€96 | +41.7% |
| Gross operating margin | 9900 | €9,583 | €6,904 | -€2,679 | -28.0% |
| Operating profit (loss) | 9901 | €2,461 | -€215 | -€2,676 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +472.2% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +472.2% |
| Financial charges | 65/66B | €145 | €90 | -€55 | -38.0% |
| Recurring financial charges | 65 | €145 | €90 | -€55 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €2,317 | -€300 | -€2,617 | |
| Income taxes | 67/77 | €483 | €0 | -€483 | -100.0% |
| Profit (loss) for the period | 9904 | €1,834 | -€300 | -€2,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,834 | -€300 | -€2,133 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.