AVWORX: 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.
AVWORX
Largest movements
- Tangible fixed assets +€643,141
up €643,141 (+146.2%), from €439,799 to €1.1m
of which Land and buildings: +€644,388
- Cash -€58,467
down €58,467 (-73.7%), from €79,351 to €20,884
mainly Investment in fixed assets (net) (-€709,991) and Contributions, distributions and other (-€58,527)
- Financial fixed assets +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Current investments +€20,000
up €20,000 (+10.1%), from €197,703 to €217,703
- Receivables within one year -€17,471
down €17,471 (-94.7%), from €18,443 to €972
of which Trade receivables: -€17,810
- Debts after one year +€573,192
up €573,192 (+259.8%), from €220,662 to €793,854
- Other debts +€109,853
up €109,853 (+238.0%), from €46,161 to €156,014
- Reserves -€44,461
down €44,461 (-9.6%), from €465,366 to €420,905
- Tax, wage and social debts -€17,293
down €17,293 (-68.8%), from €25,117 to €7,824
- Current portion of long-term debt +€15,729
up €15,729 (+160.2%), from €9,819 to €25,548
- Gross operating margin +€26,507
up €26,507 (+87.0%), from €30,454 to €56,961
- Taxes +€8,720
up €8,720 (+510.2%), from €1,709 to €10,430
- Financial charges +€5,280
up €5,280 (+69.5%), from €7,600 to €12,880
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 | €787,234 | €1,425,443 | +€638,209 | +81.1% |
| Fixed assets | 21/28 | €489,799 | €1,182,940 | +€693,141 | +141.5% |
| Tangible fixed assets | 22/27 | €439,799 | €1,082,940 | +€643,141 | +146.2% |
| Land and buildings | 22 | €435,941 | €1,080,329 | +€644,388 | +147.8% |
| Plant, machinery and equipment | 23 | €1,363 | €504 | -€859 | -63.0% |
| Furniture and vehicles | 24 | €2,495 | €2,107 | -€388 | -15.5% |
| Financial fixed assets | 28 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Current assets | 29/58 | €297,435 | €242,503 | -€54,933 | -18.5% |
| Amounts receivable within one year | 40/41 | €18,443 | €972 | -€17,471 | -94.7% |
| Trade receivables | 40 | €18,443 | €633 | -€17,810 | -96.6% |
| Other amounts receivable | 41 | - | €339 | +€339 | |
| Current investments | 50/53 | €197,703 | €217,703 | +€20,000 | +10.1% |
| Cash at bank and in hand | 54/58 | €79,351 | €20,884 | -€58,467 | -73.7% |
| Deferred charges and accrued income | 490/1 | €1,938 | €2,943 | +€1,005 | +51.9% |
| Total equity and liabilities | 10/49 | €787,234 | €1,425,443 | +€638,209 | +81.1% |
| Equity | 10/15 | €467,966 | €423,505 | -€44,461 | -9.5% |
| Contributions | 10/11 | €2,600 | €2,600 | = | 0.0% |
| Reserves | 13 | €465,366 | €420,905 | -€44,461 | -9.6% |
| Distributable reserves | 133 | €465,366 | €420,905 | -€44,461 | -9.6% |
| Amounts payable | 17/49 | €319,269 | €1,001,938 | +€682,669 | +213.8% |
| Amounts payable after more than one year | 17 | €220,662 | €793,854 | +€573,192 | +259.8% |
| Financial debts | 170/4 | €220,662 | €793,854 | +€573,192 | +259.8% |
| Amounts payable within one year | 42/48 | €98,607 | €208,084 | +€109,477 | +111.0% |
| Current portion of amounts payable after more than one year | 42 | €9,819 | €25,548 | +€15,729 | +160.2% |
| Trade debts | 44 | €17,510 | €18,699 | +€1,189 | +6.8% |
| Suppliers | 440/4 | €17,510 | €18,699 | +€1,189 | +6.8% |
| Taxes, remuneration and social security | 45 | €25,117 | €7,824 | -€17,293 | -68.8% |
| Taxes | 450/3 | €25,117 | €7,824 | -€17,293 | -68.8% |
| Other amounts payable | 47/48 | €46,161 | €156,014 | +€109,853 | +238.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,527 | €16,849 | +€323 | +2.0% |
| Other operating charges | 640/8 | €2,500 | €2,736 | +€236 | +9.4% |
| Gross operating margin | 9900 | €30,454 | €56,961 | +€26,507 | +87.0% |
| Operating profit (loss) | 9901 | €11,427 | €37,376 | +€25,949 | +227.1% |
| Financial income | 75/76B | €448 | €0 | -€448 | -100.0% |
| Recurring financial income | 75 | €448 | €0 | -€448 | -100.0% |
| Financial charges | 65/66B | €7,600 | €12,880 | +€5,280 | +69.5% |
| Recurring financial charges | 65 | €7,600 | €12,880 | +€5,280 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €4,275 | €24,496 | +€20,221 | +473.1% |
| Income taxes | 67/77 | €1,709 | €10,430 | +€8,720 | +510.2% |
| Profit (loss) for the period | 9904 | €2,565 | €14,066 | +€11,501 | +448.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,565 | €14,066 | +€11,501 | +448.3% |
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 5 October 2026 via checked.be.