AVROY: 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.
What changed
AVROY
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,229
2024 · €30,950+€2,279
Equity
€1.1m
2024 · €1.1m+€33,229
Cash
€95,237
2024 · €116,064-€20,827
Balance sheet total
€3.1m
2024 · €3.1m-€10,075
Largest movements
Assets
- Deferred charges and accrued income +€46,376
up €46,376 (+101.8%), from €45,539 to €91,915
- Tangible fixed assets -€39,823
down €39,823 (-6.4%), from €618,748 to €578,925
of which Land and buildings: -€30,517
Equity and liabilities
- Short-term financial debts -€40,000
down €40,000 (-2.0%), from €2.0m to €2.0m
- Profit (loss) carried forward +€33,229
up €33,229 (+13.0%), from €254,686 to €287,915
Income statement
- Gross operating margin +€5,525
up €5,525 (+4.4%), from €125,965 to €131,491
- Financial charges +€3,105
up €3,105 (+4.4%), from €71,263 to €74,368
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.
Result 2024
€30,950
Gross operating margin
+€5,525
Depreciation
-€0
Other operating charges
-€569
Financial income
+€1,025
Financial charges
-€3,105
Taxes
-€597
Result 2025
€33,229
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.
From operations
+€22,506
Investment
-€3,334
Financing
-€40,000
Cash 2024
€116,064
From operations (derived)
+€22,506
Net result for the year
+€33,229
Depreciation
+€39,823
Receivables within one year
-€867
Deferred charges and accrued income
-€46,376
Trade debts
-€1,233
Tax, wage and social debts
-€2,071
Investment (derived)
-€3,334
Investment in fixed assets (net)
-€3,334
Financing
-€40,000
Short-term financial debts
-€40,000
Cash 2025
€95,237
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,129,001 | €3,118,927 | -€10,075 | -0.3% |
| Fixed assets | 21/28 | €643,798 | €607,308 | -€36,490 | -5.7% |
| Tangible fixed assets | 22/27 | €618,748 | €578,925 | -€39,823 | -6.4% |
| Land and buildings | 22 | €554,029 | €523,512 | -€30,517 | -5.5% |
| Plant, machinery and equipment | 23 | €64,719 | €55,413 | -€9,306 | -14.4% |
| Financial fixed assets | 28 | €25,050 | €28,384 | +€3,334 | +13.3% |
| Current assets | 29/58 | €2,485,203 | €2,511,618 | +€26,415 | +1.1% |
| Amounts receivable after more than one year | 29 | €2,315,000 | €2,315,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,315,000 | €2,315,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,600 | €9,467 | +€867 | +10.1% |
| Trade receivables | 40 | - | €867 | +€867 | |
| Other amounts receivable | 41 | €8,600 | €8,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €116,064 | €95,237 | -€20,827 | -17.9% |
| Deferred charges and accrued income | 490/1 | €45,539 | €91,915 | +€46,376 | +101.8% |
| Total equity and liabilities | 10/49 | €3,129,001 | €3,118,927 | -€10,075 | -0.3% |
| Equity | 10/15 | €1,112,809 | €1,146,038 | +€33,229 | +3.0% |
| Contributions | 10/11 | €409,738 | €409,738 | = | 0.0% |
| Revaluation surpluses | 12 | €263,654 | €263,654 | = | 0.0% |
| Reserves | 13 | €98,874 | €98,874 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,974 | €40,974 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,974 | €40,974 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,900 | €57,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,686 | €287,915 | +€33,229 | +13.0% |
| Investment grants | 15 | €85,856 | €85,856 | = | 0.0% |
| Amounts payable | 17/49 | €2,016,193 | €1,972,889 | -€43,304 | -2.1% |
| Amounts payable within one year | 42/48 | €2,016,193 | €1,972,889 | -€43,304 | -2.1% |
| Financial debts | 43 | €2,000,000 | €1,960,000 | -€40,000 | -2.0% |
| Credit institutions | 430/8 | €2,000,000 | €1,960,000 | -€40,000 | -2.0% |
| Trade debts | 44 | €2,001 | €768 | -€1,233 | -61.6% |
| Suppliers | 440/4 | €2,001 | €768 | -€1,233 | -61.6% |
| Taxes, remuneration and social security | 45 | €14,192 | €12,121 | -€2,071 | -14.6% |
| Taxes | 450/3 | €14,192 | €12,121 | -€2,071 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,823 | €39,823 | +€0 | 0.0% |
| Other operating charges | 640/8 | €18,202 | €18,771 | +€569 | +3.1% |
| Gross operating margin | 9900 | €125,965 | €131,491 | +€5,525 | +4.4% |
| Operating profit (loss) | 9901 | €67,940 | €72,896 | +€4,957 | +7.3% |
| Financial income | 75/76B | €45,866 | €46,891 | +€1,025 | +2.2% |
| Recurring financial income | 75 | €45,866 | €46,891 | +€1,025 | +2.2% |
| Financial charges | 65/66B | €71,263 | €74,368 | +€3,105 | +4.4% |
| Recurring financial charges | 65 | €71,263 | €74,368 | +€3,105 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €42,543 | €45,419 | +€2,877 | +6.8% |
| Income taxes | 67/77 | €11,593 | €12,190 | +€597 | +5.2% |
| Profit (loss) for the period | 9904 | €30,950 | €33,229 | +€2,279 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,950 | €33,229 | +€2,279 | +7.4% |
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 11 October 2026 via checked.be.