A.V.H. CONCEPT: 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.H. CONCEPT
Largest movements
- Cash -€48,573
down €48,573 (-28.9%), from €167,954 to €119,382
mainly Other debts (-€34,637) and Contributions, distributions and other (-€20,000)
- Receivables within one year -€10,542
down €10,542 (-85.5%), from €12,329 to €1,787
of which Other amounts receivable: -€5,416
- Tangible fixed assets -€3,622
down €3,622 (-24.1%), from €15,034 to €11,412
of which Furniture and vehicles: -€5,215
- Other debts -€34,637
down €34,637 (-47.7%), from €72,630 to €37,994
- Reserves -€20,000
down €20,000 (-22.6%), from €88,514 to €68,514
of which Distributable reserves: -€18,140
- Tax, wage and social debts -€7,067
down €7,067 (-81.1%), from €8,716 to €1,649
- Gross operating margin -€12,309
down €12,309 (-73.3%), from €16,787 to €4,478
- Depreciation -€3,909
down €3,909 (-41.9%), from €9,331 to €5,423
- Taxes -€2,649
down €2,649 (-96.5%), from €2,744 to €96
- Financial income +€1,134
up €1,134 (+272.2%), from €417 to €1,551
- Other operating charges -€183
down €183 (-28.1%), from €649 to €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.
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 | €198,138 | €134,886 | -€63,252 | -31.9% |
| Fixed assets | 21/28 | €15,034 | €11,412 | -€3,622 | -24.1% |
| Tangible fixed assets | 22/27 | €15,034 | €11,412 | -€3,622 | -24.1% |
| Plant, machinery and equipment | 23 | €411 | €2,270 | +€1,859 | +452.0% |
| Furniture and vehicles | 24 | €13,733 | €8,518 | -€5,215 | -38.0% |
| Other tangible fixed assets | 26 | €890 | €625 | -€265 | -29.8% |
| Current assets | 29/58 | €183,104 | €123,474 | -€59,630 | -32.6% |
| Amounts receivable within one year | 40/41 | €12,329 | €1,787 | -€10,542 | -85.5% |
| Trade receivables | 40 | €6,573 | €1,447 | -€5,126 | -78.0% |
| Other amounts receivable | 41 | €5,756 | €340 | -€5,416 | -94.1% |
| Cash at bank and in hand | 54/58 | €167,954 | €119,382 | -€48,573 | -28.9% |
| Deferred charges and accrued income | 490/1 | €2,820 | €2,305 | -€515 | -18.3% |
| Total equity and liabilities | 10/49 | €198,138 | €134,886 | -€63,252 | -31.9% |
| Equity | 10/15 | €112,972 | €92,951 | -€20,021 | -17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €88,514 | €68,514 | -€20,000 | -22.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €86,654 | €68,514 | -€18,140 | -20.9% |
| Profit (loss) carried forward | 14 | €18,258 | €18,237 | -€21 | -0.1% |
| Amounts payable | 17/49 | €85,166 | €41,935 | -€43,231 | -50.8% |
| Amounts payable within one year | 42/48 | €85,166 | €41,935 | -€43,231 | -50.8% |
| Trade debts | 44 | €3,820 | €2,292 | -€1,527 | -40.0% |
| Suppliers | 440/4 | €3,820 | €2,292 | -€1,527 | -40.0% |
| Taxes, remuneration and social security | 45 | €8,716 | €1,649 | -€7,067 | -81.1% |
| Taxes | 450/3 | €8,716 | €1,649 | -€7,067 | -81.1% |
| Other amounts payable | 47/48 | €72,630 | €37,994 | -€34,637 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,331 | €5,423 | -€3,909 | -41.9% |
| Other operating charges | 640/8 | €649 | €466 | -€183 | -28.1% |
| Gross operating margin | 9900 | €16,787 | €4,478 | -€12,309 | -73.3% |
| Operating profit (loss) | 9901 | €6,807 | -€1,410 | -€8,218 | |
| Financial income | 75/76B | €417 | €1,551 | +€1,134 | +272.2% |
| Recurring financial income | 75 | €417 | €1,551 | +€1,134 | +272.2% |
| Financial charges | 65/66B | €47 | €66 | +€19 | +41.9% |
| Recurring financial charges | 65 | €47 | €66 | +€19 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €7,178 | €75 | -€7,103 | -99.0% |
| Income taxes | 67/77 | €2,744 | €96 | -€2,649 | -96.5% |
| Profit (loss) for the period | 9904 | €4,433 | -€21 | -€4,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,433 | -€21 | -€4,454 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.