A.V.H. Projects: 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.H. Projects
Largest movements
- Cash +€80,822
up €80,822 (+143%), from €56,471 to €137,292
mainly Other debts (+€122,240) and Net result for the year (+€120,378)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€10,890
no longer reported in 2025 (was €10,890)
- Other debts +€122,240
up €122,240 (+20,573%), from €594 to €122,834
- Reserves -€105,540
no longer reported in 2025 (was €105,540)
- Trade debts +€3,502
up €3,502 (+157%), from €2,231 to €5,733
- Gross operating margin +€74,126
up €74,126 (+87.7%), from €84,489 to €158,614
- Taxes +€17,800
up €17,800 (+97.5%), from €18,251 to €36,050
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 | €120,744 | €140,236 | +€19,493 | +16.1% |
| Fixed assets | 21/28 | €3,383 | €2,944 | -€439 | -13.0% |
| Tangible fixed assets | 22/27 | €3,383 | €2,944 | -€439 | -13.0% |
| Plant, machinery and equipment | 23 | €3,383 | €2,944 | -€439 | -13.0% |
| Current assets | 29/58 | €117,361 | €137,292 | +€19,932 | +17.0% |
| Amounts receivable within one year | 40/41 | €10,890 | - | -€10,890 | |
| Trade receivables | 40 | €10,890 | - | -€10,890 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €56,471 | €137,292 | +€80,822 | +143% |
| Total equity and liabilities | 10/49 | €120,744 | €140,236 | +€19,493 | +16.1% |
| Equity | 10/15 | €111,540 | €6,000 | -€105,540 | -94.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €105,540 | - | -€105,540 | |
| Distributable reserves | 133 | €105,540 | - | -€105,540 | |
| Amounts payable | 17/49 | €9,203 | €134,236 | +€125,033 | +1,359% |
| Amounts payable within one year | 42/48 | €9,203 | €134,236 | +€125,033 | +1,359% |
| Trade debts | 44 | €2,231 | €5,733 | +€3,502 | +157% |
| Suppliers | 440/4 | €2,231 | €5,733 | +€3,502 | +157% |
| Taxes, remuneration and social security | 45 | €6,378 | €5,669 | -€709 | -11.1% |
| Taxes | 450/3 | €6,378 | €5,669 | -€709 | -11.1% |
| Other amounts payable | 47/48 | €594 | €122,834 | +€122,240 | +20,573% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €1,369 | +€836 | +157% |
| Other operating charges | 640/8 | €757 | €844 | +€87 | +11.5% |
| Gross operating margin | 9900 | €84,489 | €158,614 | +€74,126 | +87.7% |
| Operating profit (loss) | 9901 | €83,200 | €156,402 | +€73,202 | +88.0% |
| Financial income | 75/76B | - | €731 | +€731 | |
| Recurring financial income | 75 | - | €731 | +€731 | |
| Financial charges | 65/66B | €728 | €704 | -€24 | -3.3% |
| Recurring financial charges | 65 | €728 | €704 | -€24 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €82,472 | €156,429 | +€73,957 | +89.7% |
| Income taxes | 67/77 | €18,251 | €36,050 | +€17,800 | +97.5% |
| Profit (loss) for the period | 9904 | €64,221 | €120,378 | +€56,158 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,221 | €120,378 | +€56,158 | +87.4% |
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 14 October 2026 via checked.be.