A&V: 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.
A&V
Largest movements
- Cash +€109,388
up €109,388 (+858%), from €12,751 to €122,139
mainly Net result for the year (+€121,618) and Tax, wage and social debts (+€44,514)
- Stocks and contracts +€19,912
up €19,912 (+7.1%), from €278,918 to €298,830
- Profit (loss) carried forward +€121,618
up €121,618, from -€10,207 to €111,411
- Tax, wage and social debts +€44,514
new in 2025: €44,514
- Other debts -€29,146
down €29,146 (-10.1%), from €289,146 to €260,000
- Trade debts -€10,416
down €10,416 (-82.9%), from €12,560 to €2,143
- Gross operating margin +€173,778
up €173,778, from -€10,733 to €163,045
- Taxes +€40,643
new in 2025: €40,643
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 | €294,999 | €421,569 | +€126,570 | +42.9% |
| Current assets | 29/58 | €294,999 | €421,569 | +€126,570 | +42.9% |
| Stocks and contracts in progress | 3 | €278,918 | €298,830 | +€19,912 | +7.1% |
| Stocks | 30/36 | €278,918 | €298,830 | +€19,912 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,330 | €600 | -€2,730 | -82.0% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €3,330 | - | -€3,330 | |
| Cash at bank and in hand | 54/58 | €12,751 | €122,139 | +€109,388 | +858% |
| Total equity and liabilities | 10/49 | €294,999 | €421,569 | +€126,570 | +42.9% |
| Equity | 10/15 | -€6,707 | €114,911 | +€121,618 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | - | €3,500 | +€3,500 | |
| Issued capital | 100 | - | €3,500 | +€3,500 | |
| Profit (loss) carried forward | 14 | -€10,207 | €111,411 | +€121,618 | |
| Amounts payable | 17/49 | €301,706 | €306,658 | +€4,952 | +1.6% |
| Amounts payable within one year | 42/48 | €301,706 | €306,658 | +€4,952 | +1.6% |
| Trade debts | 44 | €12,560 | €2,143 | -€10,416 | -82.9% |
| Suppliers | 440/4 | €12,560 | €2,143 | -€10,416 | -82.9% |
| Taxes, remuneration and social security | 45 | - | €44,514 | +€44,514 | |
| Taxes | 450/3 | - | €44,514 | +€44,514 | |
| Other amounts payable | 47/48 | €289,146 | €260,000 | -€29,146 | -10.1% |
| Remuneration, social security and pensions | 62 | - | €30 | +€30 | |
| Other operating charges | 640/8 | - | €570 | +€570 | |
| Gross operating margin | 9900 | -€10,733 | €163,045 | +€173,778 | |
| Operating profit (loss) | 9901 | -€10,733 | €162,445 | +€173,178 | |
| Financial income | 75/76B | €545 | €74 | -€471 | -86.4% |
| Recurring financial income | 75 | €545 | €74 | -€471 | -86.4% |
| Financial charges | 65/66B | €19 | €258 | +€239 | +1,258% |
| Recurring financial charges | 65 | €19 | €258 | +€239 | +1,258% |
| Profit (loss) for the period before taxes | 9903 | -€10,207 | €162,261 | +€172,468 | |
| Income taxes | 67/77 | - | €40,643 | +€40,643 | |
| Profit (loss) for the period | 9904 | -€10,207 | €121,618 | +€131,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,207 | €121,618 | +€131,825 |
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 15 October 2026 via checked.be.