AVVISI: 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.
AVVISI
Largest movements
- Tangible fixed assets +€26,993
up €26,993 (+3016.6%), from €895 to €27,888
- Receivables within one year +€4,068
up €4,068 (+67.4%), from €6,038 to €10,107
of which Other amounts receivable: +€2,455
- Cash +€2,960
up €2,960 (+8.0%), from €37,220 to €40,180
mainly Net result for the year (+€31,150) and Depreciation (+€5,711)
- Reserves +€21,781
up €21,781 (+66.0%), from €33,004 to €54,785
of which Distributable reserves: +€21,781
- Profit (loss) carried forward +€9,369
no longer reported in 2025 (was -€9,369)
- Tax, wage and social debts +€2,648
up €2,648 (+195.4%), from €1,355 to €4,003
- Gross operating margin +€23,287
up €23,287 (+142.5%), from €16,347 to €39,634
- Depreciation +€4,748
up €4,748 (+493.1%), from €963 to €5,711
- Taxes +€2,168
up €2,168 (+1404.9%), from €154 to €2,323
- Other operating charges -€791
down €791 (-66.4%), from €1,191 to €400
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 | €44,153 | €78,175 | +€34,021 | +77.1% |
| Fixed assets | 21/28 | €895 | €27,888 | +€26,993 | +3016.6% |
| Tangible fixed assets | 22/27 | €895 | €27,888 | +€26,993 | +3016.6% |
| Furniture and vehicles | 24 | €895 | €27,888 | +€26,993 | +3016.6% |
| Current assets | 29/58 | €43,259 | €50,287 | +€7,028 | +16.2% |
| Amounts receivable within one year | 40/41 | €6,038 | €10,107 | +€4,068 | +67.4% |
| Trade receivables | 40 | €6,038 | €7,651 | +€1,613 | +26.7% |
| Other amounts receivable | 41 | - | €2,455 | +€2,455 | |
| Cash at bank and in hand | 54/58 | €37,220 | €40,180 | +€2,960 | +8.0% |
| Total equity and liabilities | 10/49 | €44,153 | €78,175 | +€34,021 | +77.1% |
| Equity | 10/15 | €42,227 | €73,377 | +€31,150 | +73.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €33,004 | €54,785 | +€21,781 | +66.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €14,254 | €36,035 | +€21,781 | +152.8% |
| Profit (loss) carried forward | 14 | -€9,369 | - | +€9,369 | |
| Amounts payable | 17/49 | €1,926 | €4,798 | +€2,872 | +149.1% |
| Amounts payable within one year | 42/48 | €1,926 | €4,798 | +€2,872 | +149.1% |
| Trade debts | 44 | €571 | €795 | +€224 | +39.2% |
| Suppliers | 440/4 | €571 | €795 | +€224 | +39.2% |
| Taxes, remuneration and social security | 45 | €1,355 | €4,003 | +€2,648 | +195.4% |
| Taxes | 450/3 | €1,355 | €4,003 | +€2,648 | +195.4% |
| Remuneration, social security and pensions | 62 | €236 | - | -€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €5,711 | +€4,748 | +493.1% |
| Other operating charges | 640/8 | €1,191 | €400 | -€791 | -66.4% |
| Gross operating margin | 9900 | €16,347 | €39,634 | +€23,287 | +142.5% |
| Operating profit (loss) | 9901 | €13,958 | €33,523 | +€19,566 | +140.2% |
| Financial charges | 65/66B | €45 | €51 | +€6 | +13.8% |
| Recurring financial charges | 65 | €45 | €51 | +€6 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €13,913 | €33,472 | +€19,560 | +140.6% |
| Income taxes | 67/77 | €154 | €2,323 | +€2,168 | +1404.9% |
| Profit (loss) for the period | 9904 | €13,758 | €31,150 | +€17,391 | +126.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,758 | €31,150 | +€17,391 | +126.4% |
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 8 October 2026 via checked.be.