AVV: 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
AVV
NACE 55.202, Accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,378
2024 · €37,372+€10,005
Equity
€241,353
2024 · €233,976+€7,378
Cash
€99,264
2024 · €92,881+€6,382
Balance sheet total
€1.1m
2024 · €1.1m+€3,805
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€37,843
down €37,843 (-6.4%), from €595,036 to €557,193
- Other debts +€35,126
up €35,126 (+40.3%), from €87,169 to €122,296
Income statement
- Taxes +€2,363
up €2,363 (+20.0%), from €11,808 to €14,171
- Gross operating margin +€2,027
up €2,027 (+1.6%), from €126,347 to €128,374
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
€37,372
Gross operating margin
+€2,027
Depreciation
+€348
Other operating charges
-€145
Other operating items
+€8,596
Financial income
+€738
Financial charges
+€804
Taxes
-€2,363
Result 2025
€47,378
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€133,689
Investment
-€50,184
Financing
-€77,123
Cash 2024
€92,881
From operations (derived)
+€133,689
Net result for the year
+€47,378
Depreciation
+€46,073
Receivables within one year
+€8,088
Deferred charges and accrued income
-€1,399
Trade debts
+€5,265
Tax, wage and social debts
-€3,717
Other debts
+€35,126
Accrued charges and deferred income
-€3,123
Investment (derived)
-€50,184
Investment in fixed assets (net)
-€50,184
Financing
-€77,123
Debts after one year
-€37,843
Current portion of long-term debt
+€720
Contributions, distributions and other
-€40,000
Cash 2025
€99,264
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,125,711 | €1,129,516 | +€3,805 | +0.3% |
| Fixed assets | 21/28 | €891,677 | €895,789 | +€4,112 | +0.5% |
| Tangible fixed assets | 22/27 | €891,677 | €895,789 | +€4,112 | +0.5% |
| Land and buildings | 22 | €471,779 | €504,157 | +€32,378 | +6.9% |
| Plant, machinery and equipment | 23 | €388,601 | €366,584 | -€22,018 | -5.7% |
| Furniture and vehicles | 24 | €31,297 | €25,048 | -€6,248 | -20.0% |
| Current assets | 29/58 | €234,034 | €233,727 | -€306 | -0.1% |
| Amounts receivable within one year | 40/41 | €136,645 | €128,558 | -€8,088 | -5.9% |
| Trade receivables | 40 | €125,954 | €122,499 | -€3,455 | -2.7% |
| Other amounts receivable | 41 | €10,692 | €6,059 | -€4,633 | -43.3% |
| Cash at bank and in hand | 54/58 | €92,881 | €99,264 | +€6,382 | +6.9% |
| Deferred charges and accrued income | 490/1 | €4,507 | €5,906 | +€1,399 | +31.0% |
| Total equity and liabilities | 10/49 | €1,125,711 | €1,129,516 | +€3,805 | +0.3% |
| Equity | 10/15 | €233,976 | €241,353 | +€7,378 | +3.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,976 | €91,353 | +€7,378 | +8.8% |
| Amounts payable | 17/49 | €891,735 | €888,163 | -€3,572 | -0.4% |
| Amounts payable after more than one year | 17 | €595,036 | €557,193 | -€37,843 | -6.4% |
| Financial debts | 170/4 | €595,036 | €557,193 | -€37,843 | -6.4% |
| Amounts payable within one year | 42/48 | €148,096 | €185,489 | +€37,394 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €37,123 | €37,843 | +€720 | +1.9% |
| Trade debts | 44 | €13,913 | €19,178 | +€5,265 | +37.8% |
| Suppliers | 440/4 | €13,913 | €19,178 | +€5,265 | +37.8% |
| Taxes, remuneration and social security | 45 | €9,890 | €6,173 | -€3,717 | -37.6% |
| Taxes | 450/3 | €9,890 | €6,173 | -€3,717 | -37.6% |
| Other amounts payable | 47/48 | €87,169 | €122,296 | +€35,126 | +40.3% |
| Accrued charges and deferred income | 492/3 | €148,604 | €145,480 | -€3,123 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,420 | €46,073 | -€348 | -0.7% |
| Other operating charges | 640/8 | €4,712 | €4,857 | +€145 | +3.1% |
| Non-recurring operating charges | 66A | €8,596 | - | -€8,596 | |
| Gross operating margin | 9900 | €126,347 | €128,374 | +€2,027 | +1.6% |
| Operating profit (loss) | 9901 | €66,618 | €77,444 | +€10,826 | +16.3% |
| Financial income | 75/76B | €199 | €937 | +€738 | +371% |
| Recurring financial income | 75 | €199 | €937 | +€738 | +371% |
| Financial charges | 65/66B | €17,636 | €16,832 | -€804 | -4.6% |
| Recurring financial charges | 65 | €17,636 | €16,832 | -€804 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €49,181 | €61,549 | +€12,368 | +25.1% |
| Income taxes | 67/77 | €11,808 | €14,171 | +€2,363 | +20.0% |
| Profit (loss) for the period | 9904 | €37,372 | €47,378 | +€10,005 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,372 | €47,378 | +€10,005 | +26.8% |
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 30 October 2026 via checked.be.