AvdAa: 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.
AvdAa
Largest movements
- Cash +€21,629
up €21,629 (+80.2%), from €26,960 to €48,589
mainly Net result for the year (+€61,461) and Depreciation (+€41,021)
- Receivables within one year -€5,418
down €5,418 (-54.5%), from €9,934 to €4,517
of which Trade receivables: -€7,510
- Profit (loss) carried forward +€50,089
up €50,089, from -€50,089 to €0
- Debts after one year -€44,341
down €44,341 (-32.4%), from €136,660 to €92,319
- Trade debts -€20,123
down €20,123 (-68.3%), from €29,473 to €9,350
- Other debts +€14,355
up €14,355 (+11.2%), from €128,149 to €142,504
- Reserves +€11,372
new in 2025: €11,372
- Gross operating margin +€71,428
up €71,428 (+164%), from €43,435 to €114,864
- Depreciation +€7,746
up €7,746 (+23.3%), from €33,275 to €41,021
- Taxes +€3,466
new in 2025: €3,466
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 | €288,299 | €305,237 | +€16,938 | +5.9% |
| Fixed assets | 21/28 | €251,405 | €252,131 | +€726 | +0.3% |
| Tangible fixed assets | 22/27 | €251,405 | €252,131 | +€726 | +0.3% |
| Land and buildings | 22 | €115,723 | €109,233 | -€6,489 | -5.6% |
| Plant, machinery and equipment | 23 | €20,638 | €13,809 | -€6,829 | -33.1% |
| Furniture and vehicles | 24 | €86,557 | €100,064 | +€13,507 | +15.6% |
| Other tangible fixed assets | 26 | €28,488 | €29,026 | +€538 | +1.9% |
| Current assets | 29/58 | €36,894 | €53,106 | +€16,212 | +43.9% |
| Amounts receivable within one year | 40/41 | €9,934 | €4,517 | -€5,418 | -54.5% |
| Trade receivables | 40 | €9,678 | €2,168 | -€7,510 | -77.6% |
| Other amounts receivable | 41 | €257 | €2,349 | +€2,092 | +815% |
| Cash at bank and in hand | 54/58 | €26,960 | €48,589 | +€21,629 | +80.2% |
| Total equity and liabilities | 10/49 | €288,299 | €305,237 | +€16,938 | +5.9% |
| Equity | 10/15 | -€48,089 | €13,372 | +€61,461 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €11,372 | +€11,372 | |
| Distributable reserves | 133 | - | €11,372 | +€11,372 | |
| Profit (loss) carried forward | 14 | -€50,089 | €0 | +€50,089 | |
| Amounts payable | 17/49 | €336,389 | €291,865 | -€44,523 | -13.2% |
| Amounts payable after more than one year | 17 | €136,660 | €92,319 | -€44,341 | -32.4% |
| Financial debts | 170/4 | €136,660 | €92,319 | -€44,341 | -32.4% |
| Amounts payable within one year | 42/48 | €198,555 | €198,021 | -€534 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €39,384 | €42,702 | +€3,318 | +8.4% |
| Trade debts | 44 | €29,473 | €9,350 | -€20,123 | -68.3% |
| Suppliers | 440/4 | €29,473 | €9,350 | -€20,123 | -68.3% |
| Taxes, remuneration and social security | 45 | €1,549 | €3,466 | +€1,917 | +124% |
| Taxes | 450/3 | €1,549 | €3,466 | +€1,917 | +124% |
| Other amounts payable | 47/48 | €128,149 | €142,504 | +€14,355 | +11.2% |
| Accrued charges and deferred income | 492/3 | €1,173 | €1,524 | +€351 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,275 | €41,021 | +€7,746 | +23.3% |
| Other operating charges | 640/8 | €600 | €600 | -€0 | 0.0% |
| Non-recurring operating charges | 66A | €23,764 | €0 | -€23,764 | -100% |
| Gross operating margin | 9900 | €43,435 | €114,864 | +€71,428 | +164% |
| Operating profit (loss) | 9901 | -€14,205 | €73,242 | +€87,447 | |
| Financial income | 75/76B | €0 | €43 | +€43 | +71,450% |
| Recurring financial income | 75 | €0 | €43 | +€43 | +71,450% |
| Financial charges | 65/66B | €8,877 | €8,358 | -€519 | -5.8% |
| Recurring financial charges | 65 | €8,877 | €8,358 | -€519 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,081 | €64,927 | +€88,008 | |
| Income taxes | 67/77 | - | €3,466 | +€3,466 | |
| Profit (loss) for the period | 9904 | -€23,081 | €61,461 | +€84,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,081 | €61,461 | +€84,542 |
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 19 October 2026 via checked.be.