AVW BEHEER: 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.
AVW BEHEER
Largest movements
- Cash +€12,864
up €12,864 (+233%), from €5,523 to €18,388
mainly Net result for the year (+€93,054) and Tax, wage and social debts (+€5,970)
- Reserves +€61,182
up €61,182 (+68.9%), from €88,815 to €149,997
- Debts after one year -€29,465
down €29,465 (-45.7%), from €64,435 to €34,970
- Other debts -€18,896
down €18,896 (-89.3%), from €21,150 to €2,254
- Tax, wage and social debts +€5,970
up €5,970 (+74.5%), from €8,010 to €13,980
of which Taxes: +€5,956
- Trade debts -€4,637
down €4,637 (-79.0%), from €5,868 to €1,232
- Financial income +€55,003
up €55,003 (+9,167,123%), from €1 to €55,003
- Gross operating margin +€42,772
up €42,772 (+170%), from €25,218 to €67,990
- Taxes +€20,310
up €20,310 (+388%), from €5,233 to €25,542
- Financial charges -€1,748
down €1,748 (-40.1%), from €4,363 to €2,615
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 | €240,123 | €252,151 | +€12,028 | +5.0% |
| Fixed assets | 21/28 | €232,790 | €232,967 | +€177 | +0.1% |
| Tangible fixed assets | 22/27 | €2,790 | €2,967 | +€177 | +6.4% |
| Plant, machinery and equipment | 23 | €489 | €246 | -€243 | -49.7% |
| Furniture and vehicles | 24 | €412 | €1,305 | +€893 | +217% |
| Other tangible fixed assets | 26 | €1,889 | €1,417 | -€472 | -25.0% |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €7,333 | €19,184 | +€11,851 | +162% |
| Amounts receivable within one year | 40/41 | €1,611 | €584 | -€1,026 | -63.7% |
| Trade receivables | 40 | €1,506 | €301 | -€1,205 | -80.0% |
| Other amounts receivable | 41 | €105 | €283 | +€179 | +171% |
| Cash at bank and in hand | 54/58 | €5,523 | €18,388 | +€12,864 | +233% |
| Deferred charges and accrued income | 490/1 | €200 | €212 | +€13 | +6.4% |
| Total equity and liabilities | 10/49 | €240,123 | €252,151 | +€12,028 | +5.0% |
| Equity | 10/15 | €108,815 | €169,997 | +€61,182 | +56.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,815 | €149,997 | +€61,182 | +68.9% |
| Distributable reserves | 133 | €88,815 | €149,997 | +€61,182 | +68.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,308 | €82,155 | -€49,154 | -37.4% |
| Amounts payable after more than one year | 17 | €64,435 | €34,970 | -€29,465 | -45.7% |
| Financial debts | 170/4 | €64,435 | €34,970 | -€29,465 | -45.7% |
| Amounts payable within one year | 42/48 | €65,782 | €46,931 | -€18,852 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €30,753 | €29,465 | -€1,289 | -4.2% |
| Trade debts | 44 | €5,868 | €1,232 | -€4,637 | -79.0% |
| Suppliers | 440/4 | €5,868 | €1,232 | -€4,637 | -79.0% |
| Taxes, remuneration and social security | 45 | €8,010 | €13,980 | +€5,970 | +74.5% |
| Taxes | 450/3 | €5,414 | €11,369 | +€5,956 | +110% |
| Remuneration and social security | 454/9 | €2,597 | €2,611 | +€14 | +0.5% |
| Other amounts payable | 47/48 | €21,150 | €2,254 | -€18,896 | -89.3% |
| Accrued charges and deferred income | 492/3 | €1,091 | €254 | -€837 | -76.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,070 | €1,050 | -€19 | -1.8% |
| Other operating charges | 640/8 | €813 | €732 | -€81 | -10.0% |
| Gross operating margin | 9900 | €25,218 | €67,990 | +€42,772 | +170% |
| Operating profit (loss) | 9901 | €23,335 | €66,207 | +€42,872 | +184% |
| Financial income | 75/76B | €1 | €55,003 | +€55,003 | +9,167,123% |
| Recurring financial income | 75 | €1 | €55,003 | +€55,003 | +9,167,123% |
| Financial charges | 65/66B | €4,363 | €2,615 | -€1,748 | -40.1% |
| Recurring financial charges | 65 | €4,363 | €2,615 | -€1,748 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €18,973 | €118,596 | +€99,623 | +525% |
| Income taxes | 67/77 | €5,233 | €25,542 | +€20,310 | +388% |
| Profit (loss) for the period | 9904 | €13,740 | €93,054 | +€79,313 | +577% |
| Profit (loss) for the period to be appropriated | 9905 | €13,740 | €93,054 | +€79,313 | +577% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.