AUTHENTIC VISUAL COMMUNICATION: 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.
AUTHENTIC VISUAL COMMUNICATION
Largest movements
- Cash +€80,648
up €80,648 (+273.2%), from €29,519 to €110,167
mainly Depreciation (+€54,506) and Receivables within one year (+€48,038)
- Receivables within one year -€48,038
down €48,038 (-46.0%), from €104,424 to €56,386
of which Trade receivables: -€39,414
- Tangible fixed assets +€13,746
up €13,746 (+2.4%), from €566,036 to €579,782
of which Plant, machinery and equipment: +€44,128
- Debts after one year +€46,177
up €46,177 (+18.2%), from €254,000 to €300,177
of which Financial debts: +€46,177
- Gross operating margin -€76,666
down €76,666 (-31.0%), from €247,432 to €170,766
- Depreciation -€53,798
down €53,798 (-49.7%), from €108,303 to €54,506
- Staff costs -€31,840
down €31,840 (-25.5%), from €125,085 to €93,245
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 | €1,044,919 | €1,096,408 | +€51,489 | +4.9% |
| Fixed assets | 21/28 | €831,575 | €845,321 | +€13,746 | +1.7% |
| Intangible fixed assets | 21 | €258,025 | €258,025 | = | 0.0% |
| Tangible fixed assets | 22/27 | €566,036 | €579,782 | +€13,746 | +2.4% |
| Land and buildings | 22 | €7,844 | €6,135 | -€1,709 | -21.8% |
| Plant, machinery and equipment | 23 | €419,022 | €463,151 | +€44,128 | +10.5% |
| Furniture and vehicles | 24 | €134,083 | €110,496 | -€23,586 | -17.6% |
| Leasing and similar rights | 25 | €5,087 | - | -€5,087 | |
| Financial fixed assets | 28 | €7,514 | €7,514 | = | 0.0% |
| Current assets | 29/58 | €213,344 | €251,087 | +€37,744 | +17.7% |
| Stocks and contracts in progress | 3 | €78,345 | €81,070 | +€2,724 | +3.5% |
| Stocks | 30/36 | €78,345 | €81,070 | +€2,724 | +3.5% |
| Amounts receivable within one year | 40/41 | €104,424 | €56,386 | -€48,038 | -46.0% |
| Trade receivables | 40 | €74,373 | €34,959 | -€39,414 | -53.0% |
| Other amounts receivable | 41 | €30,051 | €21,427 | -€8,624 | -28.7% |
| Cash at bank and in hand | 54/58 | €29,519 | €110,167 | +€80,648 | +273.2% |
| Deferred charges and accrued income | 490/1 | €1,055 | €3,465 | +€2,409 | +228.3% |
| Total equity and liabilities | 10/49 | €1,044,919 | €1,096,408 | +€51,489 | +4.9% |
| Equity | 10/15 | €713,111 | €723,836 | +€10,725 | +1.5% |
| Contributions | 10/11 | €279,326 | €279,326 | = | 0.0% |
| Capital | 10 | €279,326 | €279,326 | = | 0.0% |
| Issued capital | 100 | €279,326 | €279,326 | = | 0.0% |
| Revaluation surpluses | 12 | €416,899 | €416,899 | = | 0.0% |
| Reserves | 13 | €15,532 | €15,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,532 | €15,532 | = | 0.0% |
| Legal reserve | 130 | €15,532 | €15,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,354 | €12,080 | +€10,725 | +791.9% |
| Amounts payable | 17/49 | €331,808 | €372,572 | +€40,764 | +12.3% |
| Amounts payable after more than one year | 17 | €254,000 | €300,177 | +€46,177 | +18.2% |
| Financial debts | 170/4 | - | €46,177 | +€46,177 | |
| Other amounts payable | 178/9 | €254,000 | €254,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €73,040 | €67,627 | -€5,413 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €8,930 | €15,751 | +€6,821 | +76.4% |
| Trade debts | 44 | €34,362 | €24,300 | -€10,063 | -29.3% |
| Suppliers | 440/4 | €34,362 | €24,300 | -€10,063 | -29.3% |
| Taxes, remuneration and social security | 45 | €29,748 | €27,577 | -€2,171 | -7.3% |
| Taxes | 450/3 | €4,483 | €4,231 | -€252 | -5.6% |
| Remuneration and social security | 454/9 | €25,265 | €23,346 | -€1,919 | -7.6% |
| Accrued charges and deferred income | 492/3 | €4,768 | €4,768 | = | 0.0% |
| Non-recurring operating income | 76A | €8,841 | - | -€8,841 | |
| Remuneration, social security and pensions | 62 | €125,085 | €93,245 | -€31,840 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,303 | €54,506 | -€53,798 | -49.7% |
| Other operating charges | 640/8 | €6,831 | €6,243 | -€588 | -8.6% |
| Gross operating margin | 9900 | €247,432 | €170,766 | -€76,666 | -31.0% |
| Operating profit (loss) | 9901 | €7,213 | €16,772 | +€9,559 | +132.5% |
| Financial income | 75/76B | €1,409 | €634 | -€775 | -55.0% |
| Recurring financial income | 75 | €1,409 | €634 | -€775 | -55.0% |
| Financial charges | 65/66B | €6,624 | €6,336 | -€287 | -4.3% |
| Recurring financial charges | 65 | €6,624 | €6,336 | -€287 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,998 | €11,070 | +€9,072 | +453.9% |
| Income taxes | 67/77 | €529 | €345 | -€184 | -34.8% |
| Profit (loss) for the period | 9904 | €1,469 | €10,725 | +€9,256 | +629.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,469 | €10,725 | +€9,256 | +629.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.