AVRENIM: 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.
AVRENIM
Largest movements
- Cash +€45,505
up €45,505 (+14.5%), from €313,016 to €358,522
mainly Net result for the year (+€42,965) and Receivables within one year (+€19,973)
- Receivables within one year -€19,973
down €19,973 (-54.6%), from €36,574 to €16,601
of which Trade receivables: -€20,098
- Tangible fixed assets -€9,743
down €9,743 (-15.0%), from €64,845 to €55,103
of which Plant, machinery and equipment: -€6,938
- Reserves +€42,965
up €42,965 (+12.2%), from €351,654 to €394,620
of which Distributable reserves: +€42,965
- Other debts -€22,337
down €22,337 (-78.4%), from €28,507 to €6,170
- Gross operating margin +€21,179
up €21,179 (+37.7%), from €56,161 to €77,341
- Depreciation +€3,500
up €3,500 (+23.1%), from €15,144 to €18,644
- Taxes +€2,841
up €2,841 (+23.7%), from €11,999 to €14,840
- Other operating charges +€1,683
up €1,683 (+246%), from €685 to €2,369
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 | €414,436 | €430,225 | +€15,790 | +3.8% |
| Fixed assets | 21/28 | €64,845 | €55,103 | -€9,743 | -15.0% |
| Tangible fixed assets | 22/27 | €64,845 | €55,103 | -€9,743 | -15.0% |
| Plant, machinery and equipment | 23 | €54,229 | €47,291 | -€6,938 | -12.8% |
| Furniture and vehicles | 24 | €2,217 | €1,690 | -€527 | -23.8% |
| Other tangible fixed assets | 26 | €8,400 | €6,121 | -€2,278 | -27.1% |
| Current assets | 29/58 | €349,591 | €375,123 | +€25,532 | +7.3% |
| Amounts receivable within one year | 40/41 | €36,574 | €16,601 | -€19,973 | -54.6% |
| Trade receivables | 40 | €35,202 | €15,104 | -€20,098 | -57.1% |
| Other amounts receivable | 41 | €1,373 | €1,498 | +€125 | +9.1% |
| Cash at bank and in hand | 54/58 | €313,016 | €358,522 | +€45,505 | +14.5% |
| Total equity and liabilities | 10/49 | €414,436 | €430,225 | +€15,790 | +3.8% |
| Equity | 10/15 | €370,254 | €413,220 | +€42,965 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,654 | €394,620 | +€42,965 | +12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €349,794 | €392,760 | +€42,965 | +12.3% |
| Amounts payable | 17/49 | €44,182 | €17,006 | -€27,176 | -61.5% |
| Amounts payable within one year | 42/48 | €44,182 | €17,006 | -€27,176 | -61.5% |
| Trade debts | 44 | €7,881 | €5,791 | -€2,091 | -26.5% |
| Suppliers | 440/4 | €7,881 | €5,791 | -€2,091 | -26.5% |
| Advances received on contracts in progress | 46 | €1,936 | €1,936 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,857 | €3,109 | -€2,748 | -46.9% |
| Taxes | 450/3 | €5,857 | €3,109 | -€2,748 | -46.9% |
| Other amounts payable | 47/48 | €28,507 | €6,170 | -€22,337 | -78.4% |
| Non-recurring operating income | 76A | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,144 | €18,644 | +€3,500 | +23.1% |
| Other operating charges | 640/8 | €685 | €2,369 | +€1,683 | +246% |
| Gross operating margin | 9900 | €56,161 | €77,341 | +€21,179 | +37.7% |
| Operating profit (loss) | 9901 | €40,332 | €56,328 | +€15,996 | +39.7% |
| Financial income | 75/76B | €2,416 | €1,912 | -€503 | -20.8% |
| Recurring financial income | 75 | €1,811 | €1,912 | +€102 | +5.6% |
| Non-recurring financial income | 76B | €605 | - | -€605 | |
| Financial charges | 65/66B | €84 | €435 | +€350 | +416% |
| Recurring financial charges | 65 | €84 | €435 | +€350 | +416% |
| Profit (loss) for the period before taxes | 9903 | €42,663 | €57,805 | +€15,142 | +35.5% |
| Income taxes | 67/77 | €11,999 | €14,840 | +€2,841 | +23.7% |
| Profit (loss) for the period | 9904 | €30,664 | €42,965 | +€12,301 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,664 | €42,965 | +€12,301 | +40.1% |
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 17 October 2026 via checked.be.