AVU: 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.
AVU
Largest movements
- Cash +€23,118
up €23,118 (+110%), from €21,071 to €44,189
mainly Net result for the year (+€806,940) and Trade debts (+€22,903)
- Trade debts +€22,903
up €22,903 (+4,950%), from €463 to €23,366
- Financial income +€50,000
up €50,000 (+7.1%), from €700,000 to €750,000
- Gross operating margin -€10,542
down €10,542 (-7.3%), from €144,054 to €133,513
- Taxes -€2,383
down €2,383 (-11.2%), from €21,363 to €18,980
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 | €2,213,882 | €2,237,706 | +€23,823 | +1.1% |
| Fixed assets | 21/28 | €2,192,497 | €2,192,497 | = | 0.0% |
| Financial fixed assets | 28 | €2,192,497 | €2,192,497 | = | 0.0% |
| Current assets | 29/58 | €21,386 | €45,209 | +€23,823 | +111% |
| Amounts receivable within one year | 40/41 | €314 | €1,020 | +€706 | +225% |
| Trade receivables | 40 | €314 | €0 | -€314 | -100% |
| Other amounts receivable | 41 | €0 | €1,020 | +€1,020 | |
| Cash at bank and in hand | 54/58 | €21,071 | €44,189 | +€23,118 | +110% |
| Total equity and liabilities | 10/49 | €2,213,882 | €2,237,706 | +€23,823 | +1.1% |
| Equity | 10/15 | €1,485,409 | €1,492,349 | +€6,940 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €753,752 | €753,752 | = | 0.0% |
| Reserves | 13 | €669,658 | €676,598 | +€6,940 | +1.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €663,458 | €670,398 | +€6,940 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €728,473 | €745,356 | +€16,883 | +2.3% |
| Amounts payable after more than one year | 17 | €710,096 | €700,000 | -€10,096 | -1.4% |
| Financial debts | 170/4 | €710,096 | €700,000 | -€10,096 | -1.4% |
| Amounts payable within one year | 42/48 | €15,047 | €39,254 | +€24,207 | +161% |
| Trade debts | 44 | €463 | €23,366 | +€22,903 | +4,950% |
| Suppliers | 440/4 | €463 | €23,366 | +€22,903 | +4,950% |
| Taxes, remuneration and social security | 45 | €14,566 | €15,888 | +€1,322 | +9.1% |
| Taxes | 450/3 | €14,566 | €15,888 | +€1,322 | +9.1% |
| Other amounts payable | 47/48 | €18 | €0 | -€18 | -100% |
| Accrued charges and deferred income | 492/3 | €3,330 | €6,102 | +€2,772 | +83.2% |
| Other operating charges | 640/8 | €1,136 | €1,118 | -€17 | -1.5% |
| Gross operating margin | 9900 | €144,054 | €133,513 | -€10,542 | -7.3% |
| Operating profit (loss) | 9901 | €142,919 | €132,394 | -€10,524 | -7.4% |
| Financial income | 75/76B | €700,000 | €750,000 | +€50,000 | +7.1% |
| Recurring financial income | 75 | €700,000 | €750,000 | +€50,000 | +7.1% |
| Financial charges | 65/66B | €57,466 | €56,474 | -€991 | -1.7% |
| Recurring financial charges | 65 | €57,466 | €56,474 | -€991 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €785,453 | €825,920 | +€40,467 | +5.2% |
| Income taxes | 67/77 | €21,363 | €18,980 | -€2,383 | -11.2% |
| Profit (loss) for the period | 9904 | €764,090 | €806,940 | +€42,850 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €764,090 | €806,940 | +€42,850 | +5.6% |
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 14 October 2026 via checked.be.