A-V-A: what changed
Two fiscal 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-A
Largest movements
- Receivables within one year +€23,598
up €23,598 (+41.4%), from €57,027 to €80,625
of which Trade receivables: +€18,514
- Tangible fixed assets +€17,235
up €17,235 (+256.2%), from €6,726 to €23,961
of which Furniture and vehicles: +€23,961
- Cash -€1,801
down €1,801 (-33.1%), from €5,436 to €3,635
mainly Investment in fixed assets (net) (-€29,216) and Receivables within one year (-€23,598)
- Debts after one year +€30,375
up €30,375 (+337.5%), from €9,000 to €39,375
- Trade debts +€19,181
up €19,181 (+2424.9%), from €791 to €19,972
- Current portion of long-term debt -€7,895
down €7,895 (-66.2%), from €11,922 to €4,027
- Profit (loss) carried forward -€3,295
down €3,295 (-7.2%), from €45,689 to €42,394
- Staff costs +€22,751
up €22,751 (+24.4%), from €93,248 to €115,999
- Gross operating margin +€22,155
up €22,155 (+16.9%), from €131,104 to €153,259
- Other operating charges +€10,657
up €10,657 (+468.0%), from €2,277 to €12,934
- Depreciation -€7,802
down €7,802 (-39.4%), from €19,783 to €11,981
- Taxes +€3,162
up €3,162 (+238.1%), from €1,328 to €4,490
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,189 | €117,221 | +€39,032 | +49.9% |
| Fixed assets | 21/28 | €15,726 | €32,961 | +€17,235 | +109.6% |
| Tangible fixed assets | 22/27 | €6,726 | €23,961 | +€17,235 | +256.2% |
| Furniture and vehicles | 24 | - | €23,961 | +€23,961 | |
| Leasing and similar rights | 25 | €6,726 | - | -€6,726 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €62,463 | €84,260 | +€21,797 | +34.9% |
| Amounts receivable within one year | 40/41 | €57,027 | €80,625 | +€23,598 | +41.4% |
| Trade receivables | 40 | €31,258 | €49,772 | +€18,514 | +59.2% |
| Other amounts receivable | 41 | €25,769 | €30,853 | +€5,084 | +19.7% |
| Cash at bank and in hand | 54/58 | €5,436 | €3,635 | -€1,801 | -33.1% |
| Total equity and liabilities | 10/49 | €78,189 | €117,221 | +€39,032 | +49.9% |
| Equity | 10/15 | €51,889 | €48,594 | -€3,295 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,689 | €42,394 | -€3,295 | -7.2% |
| Amounts payable | 17/49 | €26,300 | €68,627 | +€42,327 | +160.9% |
| Amounts payable after more than one year | 17 | €9,000 | €39,375 | +€30,375 | +337.5% |
| Financial debts | 170/4 | €9,000 | €39,375 | +€30,375 | +337.5% |
| Amounts payable within one year | 42/48 | €17,300 | €29,252 | +€11,952 | +69.1% |
| Current portion of amounts payable after more than one year | 42 | €11,922 | €4,027 | -€7,895 | -66.2% |
| Trade debts | 44 | €791 | €19,972 | +€19,181 | +2424.9% |
| Suppliers | 440/4 | €791 | €19,972 | +€19,181 | +2424.9% |
| Taxes, remuneration and social security | 45 | €4,587 | €5,253 | +€666 | +14.5% |
| Taxes | 450/3 | €4,569 | €5,184 | +€615 | +13.5% |
| Remuneration and social security | 454/9 | €18 | €69 | +€51 | +283.3% |
| Non-recurring operating income | 76A | - | €42,639 | +€42,639 | |
| Remuneration, social security and pensions | 62 | €93,248 | €115,999 | +€22,751 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,783 | €11,981 | -€7,802 | -39.4% |
| Other operating charges | 640/8 | €2,277 | €12,934 | +€10,657 | +468.0% |
| Non-recurring operating charges | 66A | - | €7,894 | +€7,894 | |
| Gross operating margin | 9900 | €131,104 | €153,259 | +€22,155 | +16.9% |
| Operating profit (loss) | 9901 | €15,796 | €4,451 | -€11,345 | -71.8% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €1,141 | €3,256 | +€2,115 | +185.4% |
| Recurring financial charges | 65 | €1,141 | €3,256 | +€2,115 | +185.4% |
| Profit (loss) for the period before taxes | 9903 | €14,672 | €1,195 | -€13,477 | -91.9% |
| Income taxes | 67/77 | €1,328 | €4,490 | +€3,162 | +238.1% |
| Profit (loss) for the period | 9904 | €13,344 | -€3,295 | -€16,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,344 | -€3,295 | -€16,639 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.