AVOK: 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.
AVOK
Largest movements
- Receivables within one year +€260,612
up €260,612 (+5600.6%), from €4,653 to €265,265
of which Trade receivables: +€228,579
- Tangible fixed assets -€128,213
down €128,213 (-5.9%), from €2.2m to €2.0m
of which Land and buildings: -€190,060
- Stocks and contracts -€49,510
down €49,510 (-3.0%), from €1.6m to €1.6m
- Cash +€47,852
up €47,852 (+42.2%), from €113,484 to €161,336
mainly Trade debts (+€263,748) and Depreciation (+€208,122)
- Trade debts +€263,748
up €263,748 (+80.9%), from €325,961 to €589,709
- Debts after one year -€67,500
down €67,500 (-6.6%), from €1.0m to €952,500
- Reserves -€49,718
down €49,718 (-3.2%), from €1.5m to €1.5m
of which Tax-exempt reserves: -€122,312
- Provisions -€40,771
down €40,771 (-37.0%), from €110,223 to €69,452
- Gross operating margin -€85,721
down €85,721 (-12.5%), from €685,062 to €599,341
- Depreciation -€37,757
down €37,757 (-15.4%), from €245,878 to €208,122
- Staff costs -€29,368
down €29,368 (-7.7%), from €379,559 to €350,191
- Taxes -€13,084
down €13,084 (-26.5%), from €49,382 to €36,297
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 | €3,930,857 | €4,063,034 | +€132,177 | +3.4% |
| Fixed assets | 21/28 | €2,182,908 | €2,054,695 | -€128,213 | -5.9% |
| Tangible fixed assets | 22/27 | €2,177,440 | €2,049,228 | -€128,213 | -5.9% |
| Land and buildings | 22 | €2,103,514 | €1,913,454 | -€190,060 | -9.0% |
| Plant, machinery and equipment | 23 | €30,958 | €35,931 | +€4,972 | +16.1% |
| Furniture and vehicles | 24 | €42,968 | €99,843 | +€56,875 | +132.4% |
| Financial fixed assets | 28 | €5,468 | €5,468 | = | 0.0% |
| Current assets | 29/58 | €1,747,949 | €2,008,338 | +€260,390 | +14.9% |
| Stocks and contracts in progress | 3 | €1,629,811 | €1,580,301 | -€49,510 | -3.0% |
| Stocks | 30/36 | €1,629,811 | €1,580,301 | -€49,510 | -3.0% |
| Amounts receivable within one year | 40/41 | €4,653 | €265,265 | +€260,612 | +5600.6% |
| Trade receivables | 40 | €4,527 | €233,106 | +€228,579 | +5049.0% |
| Other amounts receivable | 41 | €126 | €32,159 | +€32,033 | +25422.7% |
| Cash at bank and in hand | 54/58 | €113,484 | €161,336 | +€47,852 | +42.2% |
| Deferred charges and accrued income | 490/1 | - | €1,437 | +€1,437 | |
| Total equity and liabilities | 10/49 | €3,930,857 | €4,063,034 | +€132,177 | +3.4% |
| Equity | 10/15 | €1,885,521 | €1,835,803 | -€49,718 | -2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,540,062 | €1,490,344 | -€49,718 | -3.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €330,668 | €208,356 | -€122,312 | -37.0% |
| Distributable reserves | 133 | €1,203,196 | €1,275,790 | +€72,594 | +6.0% |
| Profit (loss) carried forward | 14 | €283,486 | €283,486 | = | 0.0% |
| Provisions and deferred taxes | 16 | €110,223 | €69,452 | -€40,771 | -37.0% |
| Deferred taxes | 168 | €110,223 | €69,452 | -€40,771 | -37.0% |
| Amounts payable | 17/49 | €1,935,113 | €2,157,779 | +€222,666 | +11.5% |
| Amounts payable after more than one year | 17 | €1,020,000 | €952,500 | -€67,500 | -6.6% |
| Financial debts | 170/4 | €1,020,000 | €952,500 | -€67,500 | -6.6% |
| Amounts payable within one year | 42/48 | €915,113 | €1,200,235 | +€285,122 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €275,000 | €275,000 | = | 0.0% |
| Financial debts | 43 | €215,284 | €240,180 | +€24,896 | +11.6% |
| Credit institutions | 430/8 | €215,284 | €240,180 | +€24,896 | +11.6% |
| Trade debts | 44 | €325,961 | €589,709 | +€263,748 | +80.9% |
| Suppliers | 440/4 | €325,961 | €589,709 | +€263,748 | +80.9% |
| Taxes, remuneration and social security | 45 | €79,971 | €95,345 | +€15,375 | +19.2% |
| Taxes | 450/3 | €35,121 | €42,703 | +€7,582 | +21.6% |
| Remuneration and social security | 454/9 | €44,850 | €52,642 | +€7,793 | +17.4% |
| Other amounts payable | 47/48 | €18,896 | - | -€18,896 | |
| Accrued charges and deferred income | 492/3 | - | €5,044 | +€5,044 | |
| Remuneration, social security and pensions | 62 | €379,559 | €350,191 | -€29,368 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,878 | €208,122 | -€37,757 | -15.4% |
| Other operating charges | 640/8 | €33,955 | €32,545 | -€1,411 | -4.2% |
| Non-recurring operating charges | 66A | €86 | €8,764 | +€8,678 | +10046.1% |
| Gross operating margin | 9900 | €685,062 | €599,341 | -€85,721 | -12.5% |
| Operating profit (loss) | 9901 | €25,583 | -€281 | -€25,864 | |
| Financial income | 75/76B | €10,178 | €7,325 | -€2,853 | -28.0% |
| Recurring financial income | 75 | €10,178 | €7,325 | -€2,853 | -28.0% |
| Financial charges | 65/66B | €58,995 | €61,236 | +€2,241 | +3.8% |
| Recurring financial charges | 65 | €58,995 | €61,236 | +€2,241 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,234 | -€54,192 | -€30,958 | -133.2% |
| Transfer from deferred taxes | 780 | €40,771 | €40,771 | = | 0.0% |
| Income taxes | 67/77 | €49,382 | €36,297 | -€13,084 | -26.5% |
| Profit (loss) for the period | 9904 | -€31,845 | -€49,718 | -€17,873 | -56.1% |
| Transfer from tax-exempt reserves | 789 | €122,312 | €122,312 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,468 | €72,594 | -€17,873 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.