A.V.R.-TOOLS: 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.R.-TOOLS
Largest movements
- Receivables within one year +€255,076
up €255,076 (+43.4%), from €588,274 to €843,351
of which Other amounts receivable: +€332,316
- Cash +€69,815
up €69,815 (+67.8%), from €103,003 to €172,818
mainly Short-term financial debts (+€400,000) and Trade debts (+€183,622)
- Short-term financial debts +€400,000
new in 2025: €400,000
- Trade debts +€183,622
up €183,622 (+18,977%), from €968 to €184,589
- Accrued charges and deferred income -€176,954
no longer reported in 2025 (was €176,954)
- Other debts -€132,968
no longer reported in 2025 (was €132,968)
- Profit (loss) carried forward +€49,580
new in 2025: €49,580
- Staff costs +€70,815
up €70,815 (+29.6%), from €239,259 to €310,074
- Taxes -€29,724
down €29,724 (-56.5%), from €52,576 to €22,852
- Depreciation +€21,127
up €21,127 (+148%), from €14,269 to €35,396
- Financial income -€10,236
down €10,236 (-81.9%), from €12,503 to €2,267
- Other operating charges +€6,695
up €6,695 (+294%), from €2,279 to €8,974
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 | €764,003 | €1,096,373 | +€332,371 | +43.5% |
| Fixed assets | 21/28 | €72,236 | €79,361 | +€7,124 | +9.9% |
| Tangible fixed assets | 22/27 | €72,186 | €79,311 | +€7,124 | +9.9% |
| Furniture and vehicles | 24 | €72,186 | €79,311 | +€7,124 | +9.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €691,766 | €1,017,013 | +€325,246 | +47.0% |
| Amounts receivable within one year | 40/41 | €588,274 | €843,351 | +€255,076 | +43.4% |
| Trade receivables | 40 | €243,853 | €166,614 | -€77,239 | -31.7% |
| Other amounts receivable | 41 | €344,421 | €676,737 | +€332,316 | +96.5% |
| Cash at bank and in hand | 54/58 | €103,003 | €172,818 | +€69,815 | +67.8% |
| Deferred charges and accrued income | 490/1 | €489 | €844 | +€355 | +72.6% |
| Total equity and liabilities | 10/49 | €764,003 | €1,096,373 | +€332,371 | +43.5% |
| Equity | 10/15 | €384,421 | €434,001 | +€49,580 | +12.9% |
| Contributions | 10/11 | €301,910 | €301,910 | = | 0.0% |
| Capital | 10 | €301,910 | €301,910 | = | 0.0% |
| Issued capital | 100 | €301,910 | €301,910 | = | 0.0% |
| Reserves | 13 | €82,511 | €82,511 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,191 | €30,191 | = | 0.0% |
| Legal reserve | 130 | €30,191 | €30,191 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,320 | €52,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €49,580 | +€49,580 | |
| Amounts payable | 17/49 | €379,582 | €662,372 | +€282,790 | +74.5% |
| Amounts payable within one year | 42/48 | €202,628 | €662,372 | +€459,744 | +227% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €968 | €184,589 | +€183,622 | +18,977% |
| Suppliers | 440/4 | €968 | €184,589 | +€183,622 | +18,977% |
| Taxes, remuneration and social security | 45 | €68,692 | €77,783 | +€9,091 | +13.2% |
| Taxes | 450/3 | €41,668 | €43,035 | +€1,368 | +3.3% |
| Remuneration and social security | 454/9 | €27,025 | €34,748 | +€7,723 | +28.6% |
| Other amounts payable | 47/48 | €132,968 | - | -€132,968 | |
| Accrued charges and deferred income | 492/3 | €176,954 | - | -€176,954 | |
| Non-recurring operating income | 76A | €433 | - | -€433 | |
| Remuneration, social security and pensions | 62 | €239,259 | €310,074 | +€70,815 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,269 | €35,396 | +€21,127 | +148% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,251 | +€2,251 | |
| Other operating charges | 640/8 | €2,279 | €8,974 | +€6,695 | +294% |
| Non-recurring operating charges | 66A | €3,926 | €7,622 | +€3,695 | +94.1% |
| Gross operating margin | 9900 | €575,792 | €581,627 | +€5,836 | +1.0% |
| Operating profit (loss) | 9901 | €316,059 | €217,311 | -€98,747 | -31.2% |
| Financial income | 75/76B | €12,503 | €2,267 | -€10,236 | -81.9% |
| Recurring financial income | 75 | €12,503 | €2,267 | -€10,236 | -81.9% |
| Financial charges | 65/66B | €143,018 | €147,146 | +€4,128 | +2.9% |
| Recurring financial charges | 65 | €143,018 | €147,146 | +€4,128 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €185,544 | €72,433 | -€113,112 | -61.0% |
| Income taxes | 67/77 | €52,576 | €22,852 | -€29,724 | -56.5% |
| Profit (loss) for the period | 9904 | €132,968 | €49,580 | -€83,387 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €132,968 | €49,580 | -€83,387 | -62.7% |
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 24 October 2026 via checked.be.