AVSB: 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.
AVSB
Largest movements
- Cash +€25,469
up €25,469 (+33.0%), from €77,132 to €102,601
mainly Net result for the year (+€50,464) and Other debts (+€26,170)
- Tangible fixed assets -€12,835
down €12,835 (-26.2%), from €49,023 to €36,188
of which Furniture and vehicles: -€12,209
- Deferred charges and accrued income +€8,669
new in 2025: €8,669
- Receivables within one year +€2,695
up €2,695 (+14.3%), from €18,812 to €21,507
of which Other amounts receivable: +€2,161
- Other debts +€26,170
up €26,170 (+23.7%), from €110,480 to €136,650
- Profit (loss) carried forward -€4,536
down €4,536 (-99.2%), from €4,571 to €35
- Gross operating margin -€11,418
down €11,418 (-12.9%), from €88,614 to €77,196
- Depreciation +€3,251
up €3,251 (+33.9%), from €9,584 to €12,835
- Taxes -€2,168
down €2,168 (-14.2%), from €15,283 to €13,115
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 | €144,967 | €168,965 | +€23,999 | +16.6% |
| Fixed assets | 21/28 | €49,023 | €36,188 | -€12,835 | -26.2% |
| Tangible fixed assets | 22/27 | €49,023 | €36,188 | -€12,835 | -26.2% |
| Furniture and vehicles | 24 | €48,398 | €36,188 | -€12,209 | -25.2% |
| Other tangible fixed assets | 26 | €626 | - | -€626 | |
| Current assets | 29/58 | €95,943 | €132,777 | +€36,834 | +38.4% |
| Amounts receivable within one year | 40/41 | €18,812 | €21,507 | +€2,695 | +14.3% |
| Trade receivables | 40 | €16,594 | €17,129 | +€534 | +3.2% |
| Other amounts receivable | 41 | €2,217 | €4,378 | +€2,161 | +97.5% |
| Cash at bank and in hand | 54/58 | €77,132 | €102,601 | +€25,469 | +33.0% |
| Deferred charges and accrued income | 490/1 | - | €8,669 | +€8,669 | |
| Total equity and liabilities | 10/49 | €144,967 | €168,965 | +€23,999 | +16.6% |
| Equity | 10/15 | €25,031 | €20,495 | -€4,536 | -18.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,571 | €35 | -€4,536 | -99.2% |
| Amounts payable | 17/49 | €119,935 | €148,470 | +€28,535 | +23.8% |
| Amounts payable within one year | 42/48 | €119,935 | €148,470 | +€28,535 | +23.8% |
| Trade debts | 44 | €274 | €1,246 | +€972 | +354.0% |
| Suppliers | 440/4 | €274 | €1,246 | +€972 | +354.0% |
| Taxes, remuneration and social security | 45 | €9,181 | €10,574 | +€1,393 | +15.2% |
| Taxes | 450/3 | €9,181 | €10,574 | +€1,393 | +15.2% |
| Other amounts payable | 47/48 | €110,480 | €136,650 | +€26,170 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,584 | €12,835 | +€3,251 | +33.9% |
| Other operating charges | 640/8 | €815 | €509 | -€305 | -37.5% |
| Gross operating margin | 9900 | €88,614 | €77,196 | -€11,418 | -12.9% |
| Operating profit (loss) | 9901 | €78,215 | €63,852 | -€14,363 | -18.4% |
| Financial charges | 65/66B | €192 | €273 | +€81 | +42.2% |
| Recurring financial charges | 65 | €192 | €273 | +€81 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €78,023 | €63,579 | -€14,444 | -18.5% |
| Income taxes | 67/77 | €15,283 | €13,115 | -€2,168 | -14.2% |
| Profit (loss) for the period | 9904 | €62,741 | €50,464 | -€12,277 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,741 | €50,464 | -€12,277 | -19.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.