AVO Handling: 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.
AVO Handling
Largest movements
- Cash -€9,063
down €9,063 (-21.6%), from €41,963 to €32,901
mainly Other debts (-€18,702) and Current portion of long-term debt (-€6,432)
- Tangible fixed assets -€6,576
down €6,576 (-87.5%), from €7,516 to €939
- Deferred charges and accrued income +€1,908
up €1,908 (+463%), from €412 to €2,320
- Receivables within one year +€726
up €726 (+6.2%), from €11,647 to €12,373
of which Trade receivables: +€1,683
- Other debts -€18,702
down €18,702 (-90.3%), from €20,715 to €2,013
- Profit (loss) carried forward +€15,534
new in 2025: €15,534
- Current portion of long-term debt -€6,432
no longer reported in 2025 (was €6,432)
- Tax, wage and social debts -€4,399
down €4,399 (-34.4%), from €12,776 to €8,377
- Gross operating margin -€7,652
down €7,652 (-20.4%), from €37,514 to €29,862
- Depreciation -€3,477
down €3,477 (-34.6%), from €10,053 to €6,576
- Taxes -€1,188
down €1,188 (-16.4%), from €7,257 to €6,069
- Other operating charges -€710
down €710 (-36.6%), from €1,943 to €1,232
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 | €61,538 | €48,533 | -€13,005 | -21.1% |
| Fixed assets | 21/28 | €7,516 | €939 | -€6,576 | -87.5% |
| Tangible fixed assets | 22/27 | €7,516 | €939 | -€6,576 | -87.5% |
| Furniture and vehicles | 24 | €7,516 | €939 | -€6,576 | -87.5% |
| Current assets | 29/58 | €54,023 | €47,594 | -€6,429 | -11.9% |
| Amounts receivable within one year | 40/41 | €11,647 | €12,373 | +€726 | +6.2% |
| Trade receivables | 40 | €10,659 | €12,342 | +€1,683 | +15.8% |
| Other amounts receivable | 41 | €988 | €31 | -€957 | -96.9% |
| Cash at bank and in hand | 54/58 | €41,963 | €32,901 | -€9,063 | -21.6% |
| Deferred charges and accrued income | 490/1 | €412 | €2,320 | +€1,908 | +463% |
| Total equity and liabilities | 10/49 | €61,538 | €48,533 | -€13,005 | -21.1% |
| Equity | 10/15 | €20,602 | €36,135 | +€15,534 | +75.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,002 | €2,002 | = | 0.0% |
| Distributable reserves | 133 | €2,002 | €2,002 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,534 | +€15,534 | |
| Amounts payable | 17/49 | €40,936 | €12,398 | -€28,539 | -69.7% |
| Amounts payable within one year | 42/48 | €40,936 | €11,998 | -€28,938 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €6,432 | - | -€6,432 | |
| Trade debts | 44 | €1,013 | €1,608 | +€595 | +58.7% |
| Suppliers | 440/4 | €1,013 | €1,608 | +€595 | +58.7% |
| Taxes, remuneration and social security | 45 | €12,776 | €8,377 | -€4,399 | -34.4% |
| Taxes | 450/3 | €12,776 | €8,377 | -€4,399 | -34.4% |
| Other amounts payable | 47/48 | €20,715 | €2,013 | -€18,702 | -90.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,053 | €6,576 | -€3,477 | -34.6% |
| Other operating charges | 640/8 | €1,943 | €1,232 | -€710 | -36.6% |
| Gross operating margin | 9900 | €37,514 | €29,862 | -€7,652 | -20.4% |
| Operating profit (loss) | 9901 | €25,518 | €22,054 | -€3,465 | -13.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €627 | €451 | -€176 | -28.1% |
| Recurring financial charges | 65 | €627 | €451 | -€176 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €24,891 | €21,603 | -€3,289 | -13.2% |
| Income taxes | 67/77 | €7,257 | €6,069 | -€1,188 | -16.4% |
| Profit (loss) for the period | 9904 | €17,634 | €15,534 | -€2,100 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,634 | €15,534 | -€2,100 | -11.9% |
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 21 October 2026 via checked.be.