AAV: 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.
AAV
Largest movements
- Receivables within one year +€30,314
up €30,314 (+96.3%), from €31,467 to €61,781
of which Other amounts receivable: +€33,005
- Cash -€6,705
down €6,705 (-50.3%), from €13,340 to €6,635
mainly Receivables within one year (-€30,314) and Trade debts (-€109)
- Deferred charges and accrued income -€1,105
no longer reported in 2025 (was €1,105)
- Profit (loss) carried forward +€20,124
up €20,124 (+80.1%), from €25,110 to €45,235
- Tax, wage and social debts +€1,860
up €1,860 (+12.7%), from €14,622 to €16,482
- Gross operating margin -€7,503
down €7,503 (-21.4%), from €35,045 to €27,542
- Financial income +€1,297
up €1,297 (+67.1%), from €1,934 to €3,231
- Taxes -€1,237
down €1,237 (-17.1%), from €7,237 to €6,000
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 | €47,284 | €69,160 | +€21,875 | +46.3% |
| Fixed assets | 21/28 | €1,373 | €744 | -€629 | -45.8% |
| Tangible fixed assets | 22/27 | €1,373 | €744 | -€629 | -45.8% |
| Furniture and vehicles | 24 | €1,373 | €744 | -€629 | -45.8% |
| Current assets | 29/58 | €45,911 | €68,416 | +€22,504 | +49.0% |
| Amounts receivable within one year | 40/41 | €31,467 | €61,781 | +€30,314 | +96.3% |
| Trade receivables | 40 | €10,912 | €8,221 | -€2,691 | -24.7% |
| Other amounts receivable | 41 | €20,554 | €53,560 | +€33,005 | +160.6% |
| Cash at bank and in hand | 54/58 | €13,340 | €6,635 | -€6,705 | -50.3% |
| Deferred charges and accrued income | 490/1 | €1,105 | - | -€1,105 | |
| Total equity and liabilities | 10/49 | €47,284 | €69,160 | +€21,875 | +46.3% |
| Equity | 10/15 | €27,110 | €47,235 | +€20,124 | +74.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,110 | €45,235 | +€20,124 | +80.1% |
| Amounts payable | 17/49 | €20,174 | €21,925 | +€1,751 | +8.7% |
| Amounts payable within one year | 42/48 | €20,174 | €21,925 | +€1,751 | +8.7% |
| Trade debts | 44 | €5,552 | €5,443 | -€109 | -2.0% |
| Suppliers | 440/4 | €5,552 | €5,443 | -€109 | -2.0% |
| Taxes, remuneration and social security | 45 | €14,622 | €16,482 | +€1,860 | +12.7% |
| Taxes | 450/3 | €14,622 | €16,482 | +€1,860 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €629 | -€217 | -25.6% |
| Other operating charges | 640/8 | €384 | €411 | +€27 | +7.0% |
| Gross operating margin | 9900 | €35,045 | €27,542 | -€7,503 | -21.4% |
| Operating profit (loss) | 9901 | €33,815 | €26,502 | -€7,313 | -21.6% |
| Financial income | 75/76B | €1,934 | €3,231 | +€1,297 | +67.1% |
| Recurring financial income | 75 | €1,934 | €3,231 | +€1,297 | +67.1% |
| Financial charges | 65/66B | €3,520 | €3,609 | +€88 | +2.5% |
| Recurring financial charges | 65 | €3,520 | €3,609 | +€88 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €32,229 | €26,124 | -€6,105 | -18.9% |
| Income taxes | 67/77 | €7,237 | €6,000 | -€1,237 | -17.1% |
| Profit (loss) for the period | 9904 | €24,992 | €20,124 | -€4,868 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,992 | €20,124 | -€4,868 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.