AVVISION: 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.
AVVISION
Largest movements
- Tangible fixed assets -€74,761
down €74,761 (-6.4%), from €1.2m to €1.1m
of which Land and buildings: -€48,052
- Receivables within one year -€73,800
down €73,800 (-36.4%), from €202,602 to €128,803
of which Trade receivables: -€138,215
- Reserves +€116,499
up €116,499 (+27.3%), from €426,115 to €542,614
of which Distributable reserves: +€123,440
- Debts after one year -€100,187
down €100,187 (-25.2%), from €397,937 to €297,751
- Other debts -€80,911
down €80,911 (-62.4%), from €129,654 to €48,742
- Trade debts -€45,385
down €45,385 (-65.1%), from €69,684 to €24,299
- Tax, wage and social debts -€43,720
down €43,720 (-67.3%), from €64,943 to €21,223
- Other operating charges -€12,967
down €12,967 (-64.2%), from €20,197 to €7,229
- Gross operating margin +€11,452
up €11,452 (+4.2%), from €274,053 to €285,505
- Financial charges -€8,016
down €8,016 (-32.4%), from €24,757 to €16,741
- Depreciation +€3,930
up €3,930 (+5.2%), from €76,134 to €80,064
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,404,524 | €1,239,337 | -€165,186 | -11.8% |
| Fixed assets | 21/28 | €1,167,379 | €1,092,618 | -€74,761 | -6.4% |
| Tangible fixed assets | 22/27 | €1,167,379 | €1,092,618 | -€74,761 | -6.4% |
| Land and buildings | 22 | €1,018,489 | €970,437 | -€48,052 | -4.7% |
| Plant, machinery and equipment | 23 | €1,242 | €430 | -€812 | -65.4% |
| Furniture and vehicles | 24 | €2,556 | €1,472 | -€1,084 | -42.4% |
| Leasing and similar rights | 25 | €17,003 | €10,683 | -€6,320 | -37.2% |
| Other tangible fixed assets | 26 | €128,089 | €109,596 | -€18,493 | -14.4% |
| Current assets | 29/58 | €237,145 | €146,720 | -€90,425 | -38.1% |
| Amounts receivable within one year | 40/41 | €202,602 | €128,803 | -€73,800 | -36.4% |
| Trade receivables | 40 | €198,803 | €60,588 | -€138,215 | -69.5% |
| Other amounts receivable | 41 | €3,800 | €68,215 | +€64,415 | +1,695% |
| Cash at bank and in hand | 54/58 | €23,306 | €10,581 | -€12,724 | -54.6% |
| Deferred charges and accrued income | 490/1 | €11,237 | €7,335 | -€3,902 | -34.7% |
| Total equity and liabilities | 10/49 | €1,404,524 | €1,239,337 | -€165,186 | -11.8% |
| Equity | 10/15 | €526,115 | €642,614 | +€116,499 | +22.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €426,115 | €542,614 | +€116,499 | +27.3% |
| Tax-exempt reserves | 132 | €100,606 | €93,666 | -€6,940 | -6.9% |
| Distributable reserves | 133 | €325,508 | €448,948 | +€123,440 | +37.9% |
| Provisions and deferred taxes | 16 | €25,152 | €23,416 | -€1,735 | -6.9% |
| Deferred taxes | 168 | €25,152 | €23,416 | -€1,735 | -6.9% |
| Amounts payable | 17/49 | €853,258 | €573,307 | -€279,951 | -32.8% |
| Amounts payable after more than one year | 17 | €397,937 | €297,751 | -€100,187 | -25.2% |
| Financial debts | 170/4 | €397,937 | €297,751 | -€100,187 | -25.2% |
| Amounts payable within one year | 42/48 | €405,782 | €239,491 | -€166,291 | -41.0% |
| Current portion of amounts payable after more than one year | 42 | €97,234 | €100,187 | +€2,953 | +3.0% |
| Financial debts | 43 | €44,268 | €45,040 | +€772 | +1.7% |
| Credit institutions | 430/8 | €44,268 | €45,040 | +€772 | +1.7% |
| Trade debts | 44 | €69,684 | €24,299 | -€45,385 | -65.1% |
| Suppliers | 440/4 | €69,684 | €24,299 | -€45,385 | -65.1% |
| Taxes, remuneration and social security | 45 | €64,943 | €21,223 | -€43,720 | -67.3% |
| Taxes | 450/3 | €64,943 | €21,223 | -€43,720 | -67.3% |
| Other amounts payable | 47/48 | €129,654 | €48,742 | -€80,911 | -62.4% |
| Accrued charges and deferred income | 492/3 | €49,538 | €36,065 | -€13,473 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,134 | €80,064 | +€3,930 | +5.2% |
| Other operating charges | 640/8 | €20,197 | €7,229 | -€12,967 | -64.2% |
| Non-recurring operating charges | 66A | - | €2,662 | +€2,662 | |
| Gross operating margin | 9900 | €274,053 | €285,505 | +€11,452 | +4.2% |
| Operating profit (loss) | 9901 | €177,723 | €195,550 | +€17,827 | +10.0% |
| Financial income | 75/76B | €2,638 | €1,909 | -€728 | -27.6% |
| Recurring financial income | 75 | €2,638 | €1,909 | -€728 | -27.6% |
| Financial charges | 65/66B | €24,757 | €16,741 | -€8,016 | -32.4% |
| Recurring financial charges | 65 | €24,757 | €16,741 | -€8,016 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €155,604 | €180,718 | +€25,115 | +16.1% |
| Transfer from deferred taxes | 780 | €1,735 | €1,735 | = | 0.0% |
| Income taxes | 67/77 | €67,357 | €65,954 | -€1,403 | -2.1% |
| Profit (loss) for the period | 9904 | €89,982 | €116,499 | +€26,518 | +29.5% |
| Transfer from tax-exempt reserves | 789 | €6,940 | €6,940 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,922 | €123,440 | +€26,518 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.