AVVICT: 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.
AVVICT
Largest movements
- Cash -€28,926
down €28,926 (-35.2%), from €82,182 to €53,256
mainly Investment in fixed assets (net) (-€26,748) and Tax, wage and social debts (-€18,717)
- Tangible fixed assets +€22,486
up €22,486 (+247.3%), from €9,092 to €31,578
of which Furniture and vehicles: +€24,071
- Receivables within one year +€17,346
up €17,346 (+15.5%), from €111,796 to €129,142
of which Trade receivables: +€10,604
- Intangible fixed assets -€4,355
down €4,355 (-22.3%), from €19,558 to €15,203
- Deferred charges and accrued income +€3,689
up €3,689 (+2116.6%), from €174 to €3,863
- Reserves +€157,283
up €157,283 (+763.1%), from €20,610 to €177,893
of which Distributable reserves: +€157,283
- Profit (loss) carried forward -€125,116
no longer reported in 2025 (was €125,116)
- Tax, wage and social debts -€18,717
down €18,717 (-57.2%), from €32,751 to €14,034
of which Taxes: -€10,344
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year +€12,405
new in 2025: €12,405
- Gross operating margin -€13,009
down €13,009 (-16.7%), from €78,085 to €65,076
- Taxes -€1,918
down €1,918 (-16.1%), from €11,918 to €10,000
- Depreciation +€1,246
up €1,246 (+16.9%), from €7,371 to €8,618
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 | €222,803 | €233,043 | +€10,240 | +4.6% |
| Fixed assets | 21/28 | €28,650 | €46,781 | +€18,131 | +63.3% |
| Intangible fixed assets | 21 | €19,558 | €15,203 | -€4,355 | -22.3% |
| Tangible fixed assets | 22/27 | €9,092 | €31,578 | +€22,486 | +247.3% |
| Plant, machinery and equipment | 23 | €711 | €474 | -€237 | -33.3% |
| Furniture and vehicles | 24 | €1,617 | €25,689 | +€24,071 | +1488.3% |
| Other tangible fixed assets | 26 | €6,764 | €5,415 | -€1,349 | -19.9% |
| Current assets | 29/58 | €194,152 | €186,262 | -€7,891 | -4.1% |
| Amounts receivable within one year | 40/41 | €111,796 | €129,142 | +€17,346 | +15.5% |
| Trade receivables | 40 | €33,333 | €43,937 | +€10,604 | +31.8% |
| Other amounts receivable | 41 | €78,463 | €85,205 | +€6,742 | +8.6% |
| Cash at bank and in hand | 54/58 | €82,182 | €53,256 | -€28,926 | -35.2% |
| Deferred charges and accrued income | 490/1 | €174 | €3,863 | +€3,689 | +2116.6% |
| Total equity and liabilities | 10/49 | €222,803 | €233,043 | +€10,240 | +4.6% |
| Equity | 10/15 | €145,726 | €177,893 | +€32,166 | +22.1% |
| Reserves | 13 | €20,610 | €177,893 | +€157,283 | +763.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €157,283 | +€157,283 | |
| Profit (loss) carried forward | 14 | €125,116 | - | -€125,116 | |
| Amounts payable | 17/49 | €77,076 | €55,150 | -€21,926 | -28.4% |
| Amounts payable after more than one year | 17 | - | €12,405 | +€12,405 | |
| Financial debts | 170/4 | - | €12,405 | +€12,405 | |
| Amounts payable within one year | 42/48 | €77,076 | €42,346 | -€34,731 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,392 | +€8,392 | |
| Financial debts | 43 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other loans | 439 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Trade debts | 44 | €14,325 | €9,920 | -€4,405 | -30.8% |
| Suppliers | 440/4 | €14,325 | €9,920 | -€4,405 | -30.8% |
| Taxes, remuneration and social security | 45 | €32,751 | €14,034 | -€18,717 | -57.2% |
| Taxes | 450/3 | €24,378 | €14,034 | -€10,344 | -42.4% |
| Remuneration and social security | 454/9 | €8,374 | - | -€8,374 | |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,371 | €8,618 | +€1,246 | +16.9% |
| Other operating charges | 640/8 | €1,173 | €1,205 | +€32 | +2.7% |
| Non-recurring operating charges | 66A | - | €15,015 | +€15,015 | |
| Gross operating margin | 9900 | €78,085 | €65,076 | -€13,009 | -16.7% |
| Operating profit (loss) | 9901 | €69,541 | €40,239 | -€29,302 | -42.1% |
| Financial income | 75/76B | €3,312 | €4,036 | +€724 | +21.8% |
| Recurring financial income | 75 | €3,312 | €4,036 | +€724 | +21.8% |
| Financial charges | 65/66B | €2,429 | €2,108 | -€321 | -13.2% |
| Recurring financial charges | 65 | €2,429 | €2,108 | -€321 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €70,425 | €42,166 | -€28,258 | -40.1% |
| Income taxes | 67/77 | €11,918 | €10,000 | -€1,918 | -16.1% |
| Profit (loss) for the period | 9904 | €58,506 | €32,166 | -€26,340 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,506 | €32,166 | -€26,340 | -45.0% |
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 4 October 2026 via checked.be.