AVX: 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.
AVX
Largest movements
- Tangible fixed assets -€30,575
down €30,575 (-2.7%), from €1.2m to €1.1m
of which Land and buildings: -€32,439
- Current investments +€24,311
up €24,311 (+57.8%), from €42,074 to €66,385
- Other debts +€298,601
up €298,601 (+1075.9%), from €27,753 to €326,354
- Profit (loss) carried forward -€191,347
down €191,347 (-36.9%), from €519,018 to €327,672
- Debts after one year -€81,966
down €81,966 (-14.0%), from €585,370 to €503,404
- Tax, wage and social debts -€29,355
down €29,355 (-84.4%), from €34,795 to €5,440
- Gross operating margin +€45,011
up €45,011 (+15.6%), from €288,031 to €333,042
- Depreciation -€38,424
down €38,424 (-54.2%), from €70,863 to €32,439
- Taxes +€19,058
up €19,058 (+39.9%), from €47,802 to €66,860
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 | €1,269,233 | €1,265,455 | -€3,778 | -0.3% |
| Fixed assets | 21/28 | €1,152,760 | €1,122,185 | -€30,575 | -2.7% |
| Tangible fixed assets | 22/27 | €1,152,760 | €1,122,185 | -€30,575 | -2.7% |
| Land and buildings | 22 | €1,080,771 | €1,048,333 | -€32,439 | -3.0% |
| Furniture and vehicles | 24 | €71,989 | €73,852 | +€1,863 | +2.6% |
| Current assets | 29/58 | €116,473 | €143,270 | +€26,798 | +23.0% |
| Amounts receivable within one year | 40/41 | €37,636 | €28,858 | -€8,778 | -23.3% |
| Trade receivables | 40 | €21,199 | €22,170 | +€971 | +4.6% |
| Other amounts receivable | 41 | €16,437 | €6,688 | -€9,749 | -59.3% |
| Current investments | 50/53 | €42,074 | €66,385 | +€24,311 | +57.8% |
| Cash at bank and in hand | 54/58 | €36,718 | €47,693 | +€10,975 | +29.9% |
| Deferred charges and accrued income | 490/1 | €45 | €334 | +€289 | +645.8% |
| Total equity and liabilities | 10/49 | €1,269,233 | €1,265,455 | -€3,778 | -0.3% |
| Equity | 10/15 | €539,423 | €348,077 | -€191,347 | -35.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €519,018 | €327,672 | -€191,347 | -36.9% |
| Amounts payable | 17/49 | €729,810 | €917,379 | +€187,569 | +25.7% |
| Amounts payable after more than one year | 17 | €585,370 | €503,404 | -€81,966 | -14.0% |
| Financial debts | 170/4 | €585,370 | €503,404 | -€81,966 | -14.0% |
| Amounts payable within one year | 42/48 | €144,440 | €413,974 | +€269,534 | +186.6% |
| Current portion of amounts payable after more than one year | 42 | €80,035 | €81,966 | +€1,930 | +2.4% |
| Trade debts | 44 | €1,856 | €214 | -€1,642 | -88.5% |
| Suppliers | 440/4 | €1,856 | €214 | -€1,642 | -88.5% |
| Taxes, remuneration and social security | 45 | €34,795 | €5,440 | -€29,355 | -84.4% |
| Taxes | 450/3 | €34,795 | €5,440 | -€29,355 | -84.4% |
| Other amounts payable | 47/48 | €27,753 | €326,354 | +€298,601 | +1075.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,863 | €32,439 | -€38,424 | -54.2% |
| Other operating charges | 640/8 | €9,035 | €7,093 | -€1,942 | -21.5% |
| Gross operating margin | 9900 | €288,031 | €333,042 | +€45,011 | +15.6% |
| Operating profit (loss) | 9901 | €208,133 | €293,510 | +€85,377 | +41.0% |
| Financial income | 75/76B | €134 | €730 | +€596 | +445.7% |
| Recurring financial income | 75 | €134 | €730 | +€596 | +445.7% |
| Financial charges | 65/66B | €17,444 | €18,726 | +€1,282 | +7.4% |
| Recurring financial charges | 65 | €17,444 | €18,726 | +€1,282 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €190,823 | €275,514 | +€84,691 | +44.4% |
| Income taxes | 67/77 | €47,802 | €66,860 | +€19,058 | +39.9% |
| Profit (loss) for the period | 9904 | €143,021 | €208,653 | +€65,632 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €143,021 | €208,653 | +€65,632 | +45.9% |
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 9 October 2026 via checked.be.