DR_AVDVELD: 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.
DR_AVDVELD
Largest movements
- Receivables within one year -€71,067
no longer reported in 2025 (was €71,067)
- Current investments +€70,151
up €70,151 (+62.8%), from €111,736 to €181,886
- Deferred charges and accrued income +€19,020
up €19,020 (+24.2%), from €78,736 to €97,756
- Cash -€10,094
down €10,094 (-18.0%), from €55,932 to €45,837
mainly Contributions, distributions and other (-€430,000) and Current investments (-€70,151)
- Other debts +€247,445
new in 2025: €247,445
- Reserves -€243,049
down €243,049 (-81.4%), from €298,496 to €55,447
- Tax, wage and social debts +€8,994
up €8,994 (+31.0%), from €29,007 to €38,002
- Debts after one year -€7,337
down €7,337 (-48.9%), from €14,997 to €7,660
- Gross operating margin +€54,082
up €54,082 (+27.5%), from €196,332 to €250,414
- Taxes +€13,983
up €13,983 (+29.7%), from €47,014 to €60,996
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 | €354,632 | €361,174 | +€6,542 | +1.8% |
| Fixed assets | 21/28 | €37,162 | €35,695 | -€1,467 | -3.9% |
| Tangible fixed assets | 22/27 | €37,162 | €35,695 | -€1,467 | -3.9% |
| Land and buildings | 22 | €34,146 | €33,338 | -€808 | -2.4% |
| Furniture and vehicles | 24 | €3,016 | €2,357 | -€659 | -21.9% |
| Current assets | 29/58 | €317,470 | €325,479 | +€8,009 | +2.5% |
| Amounts receivable within one year | 40/41 | €71,067 | - | -€71,067 | |
| Other amounts receivable | 41 | €71,067 | - | -€71,067 | |
| Current investments | 50/53 | €111,736 | €181,886 | +€70,151 | +62.8% |
| Cash at bank and in hand | 54/58 | €55,932 | €45,837 | -€10,094 | -18.0% |
| Deferred charges and accrued income | 490/1 | €78,736 | €97,756 | +€19,020 | +24.2% |
| Total equity and liabilities | 10/49 | €354,632 | €361,174 | +€6,542 | +1.8% |
| Equity | 10/15 | €301,496 | €58,447 | -€243,049 | -80.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €298,496 | €55,447 | -€243,049 | -81.4% |
| Distributable reserves | 133 | €298,496 | €55,447 | -€243,049 | -81.4% |
| Amounts payable | 17/49 | €53,136 | €302,727 | +€249,592 | +469.7% |
| Amounts payable after more than one year | 17 | €14,997 | €7,660 | -€7,337 | -48.9% |
| Financial debts | 170/4 | €14,997 | €7,660 | -€7,337 | -48.9% |
| Amounts payable within one year | 42/48 | €38,138 | €295,067 | +€256,929 | +673.7% |
| Current portion of amounts payable after more than one year | 42 | €7,028 | €7,337 | +€310 | +4.4% |
| Trade debts | 44 | €2,103 | €2,283 | +€180 | +8.5% |
| Suppliers | 440/4 | €2,103 | €2,283 | +€180 | +8.5% |
| Taxes, remuneration and social security | 45 | €29,007 | €38,002 | +€8,994 | +31.0% |
| Taxes | 450/3 | €29,007 | €38,002 | +€8,994 | +31.0% |
| Other amounts payable | 47/48 | - | €247,445 | +€247,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €1,467 | +€380 | +35.0% |
| Other operating charges | 640/8 | €1,303 | €176 | -€1,127 | -86.5% |
| Gross operating margin | 9900 | €196,332 | €250,414 | +€54,082 | +27.5% |
| Operating profit (loss) | 9901 | €193,941 | €248,771 | +€54,829 | +28.3% |
| Financial income | 75/76B | €3,058 | €2,107 | -€952 | -31.1% |
| Recurring financial income | 75 | €3,058 | €2,107 | -€952 | -31.1% |
| Financial charges | 65/66B | €3,891 | €2,931 | -€960 | -24.7% |
| Recurring financial charges | 65 | €3,891 | €2,931 | -€960 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €193,109 | €247,947 | +€54,838 | +28.4% |
| Income taxes | 67/77 | €47,014 | €60,996 | +€13,983 | +29.7% |
| Profit (loss) for the period | 9904 | €146,096 | €186,951 | +€40,855 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,096 | €186,951 | +€40,855 | +28.0% |
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 10 October 2026 via checked.be.