AUDIO VISUAL SUPPORT: 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.
AUDIO VISUAL SUPPORT
Largest movements
- Cash +€839,593
up €839,593 (+560.4%), from €149,817 to €989,409
mainly Other debts (+€932,167) and Debts after one year (+€682,512)
- Receivables within one year +€335,244
up €335,244 (+53.3%), from €629,523 to €964,767
of which Trade receivables: +€331,454
- Tangible fixed assets -€105,419
down €105,419 (-9.4%), from €1.1m to €1.0m
of which Furniture and vehicles: -€119,979
- Deferred charges and accrued income -€46,342
down €46,342 (-55.0%), from €84,288 to €37,946
- Other debts +€932,167
up €932,167 (+590.5%), from €157,866 to €1.1m
- Debts after one year +€682,512
up €682,512 (+143.8%), from €474,529 to €1.2m
- Profit (loss) carried forward -€664,438
no longer reported in 2025 (was €664,438)
- Reserves -€303,120
down €303,120 (-50.9%), from €595,799 to €292,679
- Trade debts +€214,590
up €214,590 (+467.9%), from €45,866 to €260,456
- Financial charges -€28,265
down €28,265 (-12.1%), from €233,230 to €204,965
- Depreciation -€26,699
down €26,699 (-9.7%), from €274,048 to €247,349
- Other operating charges +€9,749
up €9,749 (+536.3%), from €1,818 to €11,567
- Gross operating margin -€8,955
down €8,955 (-1.5%), from €600,163 to €591,208
- Taxes +€8,150
up €8,150 (+41.7%), from €19,567 to €27,717
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 | €1,981,791 | €3,013,631 | +€1.0m | +52.1% |
| Fixed assets | 21/28 | €1,118,163 | €1,021,508 | -€96,655 | -8.6% |
| Intangible fixed assets | 21 | €297 | €9,061 | +€8,764 | +2952.2% |
| Tangible fixed assets | 22/27 | €1,117,866 | €1,012,447 | -€105,419 | -9.4% |
| Land and buildings | 22 | €748,552 | €725,224 | -€23,328 | -3.1% |
| Plant, machinery and equipment | 23 | €620 | €38,799 | +€38,179 | +6154.8% |
| Furniture and vehicles | 24 | €367,955 | €247,976 | -€119,979 | -32.6% |
| Other tangible fixed assets | 26 | €739 | €448 | -€290 | -39.3% |
| Current assets | 29/58 | €863,628 | €1,992,123 | +€1.1m | +130.7% |
| Amounts receivable within one year | 40/41 | €629,523 | €964,767 | +€335,244 | +53.3% |
| Trade receivables | 40 | €608,026 | €939,480 | +€331,454 | +54.5% |
| Other amounts receivable | 41 | €21,497 | €25,287 | +€3,790 | +17.6% |
| Cash at bank and in hand | 54/58 | €149,817 | €989,409 | +€839,593 | +560.4% |
| Deferred charges and accrued income | 490/1 | €84,288 | €37,946 | -€46,342 | -55.0% |
| Total equity and liabilities | 10/49 | €1,981,791 | €3,013,631 | +€1.0m | +52.1% |
| Equity | 10/15 | €1,263,237 | €295,679 | -€967,558 | -76.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €595,799 | €292,679 | -€303,120 | -50.9% |
| Tax-exempt reserves | 132 | €595,799 | €292,679 | -€303,120 | -50.9% |
| Profit (loss) carried forward | 14 | €664,438 | - | -€664,438 | |
| Amounts payable | 17/49 | €718,554 | €2,717,952 | +€2.0m | +278.3% |
| Amounts payable after more than one year | 17 | €474,529 | €1,157,042 | +€682,512 | +143.8% |
| Financial debts | 170/4 | €474,529 | €1,157,042 | +€682,512 | +143.8% |
| Amounts payable within one year | 42/48 | €242,948 | €1,560,910 | +€1.3m | +542.5% |
| Current portion of amounts payable after more than one year | 42 | €20,968 | €167,488 | +€146,520 | +698.8% |
| Trade debts | 44 | €45,866 | €260,456 | +€214,590 | +467.9% |
| Suppliers | 440/4 | €45,866 | €260,456 | +€214,590 | +467.9% |
| Taxes, remuneration and social security | 45 | €18,248 | €42,934 | +€24,686 | +135.3% |
| Taxes | 450/3 | €6,301 | €31,286 | +€24,985 | +396.5% |
| Remuneration and social security | 454/9 | €11,947 | €11,648 | -€299 | -2.5% |
| Other amounts payable | 47/48 | €157,866 | €1,090,033 | +€932,167 | +590.5% |
| Accrued charges and deferred income | 492/3 | €1,077 | - | -€1,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,048 | €247,349 | -€26,699 | -9.7% |
| Other operating charges | 640/8 | €1,818 | €11,567 | +€9,749 | +536.3% |
| Gross operating margin | 9900 | €600,163 | €591,208 | -€8,955 | -1.5% |
| Operating profit (loss) | 9901 | €324,298 | €332,292 | +€7,994 | +2.5% |
| Financial income | 75/76B | €1,166 | €4,668 | +€3,502 | +300.4% |
| Recurring financial income | 75 | €1,166 | €4,668 | +€3,502 | +300.4% |
| Financial charges | 65/66B | €233,230 | €204,965 | -€28,265 | -12.1% |
| Recurring financial charges | 65 | €233,230 | €204,965 | -€28,265 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €92,233 | €131,994 | +€39,761 | +43.1% |
| Income taxes | 67/77 | €19,567 | €27,717 | +€8,150 | +41.7% |
| Profit (loss) for the period | 9904 | €72,666 | €104,277 | +€31,611 | +43.5% |
| Transfer from tax-exempt reserves | 789 | - | €303,120 | +€303,120 | |
| Transfer to tax-exempt reserves | 689 | €31,575 | - | -€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,091 | €407,397 | +€366,306 | +891.5% |
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 4 October 2026 via checked.be.