AV APPLICATION: 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.
AV APPLICATION
Largest movements
- Receivables within one year -€72,017
down €72,017 (-38.3%), from €187,990 to €115,973
of which Trade receivables: -€99,586
- Stocks and contracts -€26,800
down €26,800 (-20.1%), from €133,325 to €106,525
- Cash +€24,093
up €24,093 (+112%), from €21,492 to €45,584
mainly Receivables within one year (+€72,017) and Stocks and contracts (+€26,800)
- Tangible fixed assets -€5,852
down €5,852 (-49.0%), from €11,948 to €6,095
of which Furniture and vehicles: -€4,000
- Trade debts -€89,362
down €89,362 (-39.4%), from €226,526 to €137,163
- Profit (loss) carried forward +€7,284
up €7,284 (+62.9%), from €11,581 to €18,864
- Other debts -€4,323
no longer reported in 2025 (was €4,323)
- Gross operating margin -€12,170
down €12,170 (-9.0%), from €135,361 to €123,191
- Taxes +€3,127
up €3,127 (+31.5%), from €9,933 to €13,060
- Other operating charges +€3,063
up €3,063 (+208%), from €1,473 to €4,537
- Staff costs +€2,039
up €2,039 (+2.4%), from €85,258 to €87,297
- Financial charges -€1,820
down €1,820 (-31.7%), from €5,747 to €3,927
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 | €365,198 | €281,732 | -€83,466 | -22.9% |
| Fixed assets | 21/28 | €16,815 | €8,362 | -€8,452 | -50.3% |
| Intangible fixed assets | 21 | €4,377 | €1,777 | -€2,600 | -59.4% |
| Tangible fixed assets | 22/27 | €11,948 | €6,095 | -€5,852 | -49.0% |
| Plant, machinery and equipment | 23 | €1,852 | - | -€1,852 | |
| Furniture and vehicles | 24 | €10,096 | €6,095 | -€4,000 | -39.6% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €348,383 | €273,369 | -€75,014 | -21.5% |
| Stocks and contracts in progress | 3 | €133,325 | €106,525 | -€26,800 | -20.1% |
| Stocks | 30/36 | €133,325 | €106,525 | -€26,800 | -20.1% |
| Amounts receivable within one year | 40/41 | €187,990 | €115,973 | -€72,017 | -38.3% |
| Trade receivables | 40 | €158,640 | €59,053 | -€99,586 | -62.8% |
| Other amounts receivable | 41 | €29,350 | €56,919 | +€27,569 | +93.9% |
| Cash at bank and in hand | 54/58 | €21,492 | €45,584 | +€24,093 | +112% |
| Deferred charges and accrued income | 490/1 | €5,577 | €5,287 | -€290 | -5.2% |
| Total equity and liabilities | 10/49 | €365,198 | €281,732 | -€83,466 | -22.9% |
| Equity | 10/15 | €109,778 | €117,062 | +€7,284 | +6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €36,197 | €36,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,581 | €18,864 | +€7,284 | +62.9% |
| Amounts payable | 17/49 | €255,420 | €164,670 | -€90,750 | -35.5% |
| Amounts payable within one year | 42/48 | €255,420 | €164,670 | -€90,750 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €226,526 | €137,163 | -€89,362 | -39.4% |
| Suppliers | 440/4 | €226,526 | €137,163 | -€89,362 | -39.4% |
| Taxes, remuneration and social security | 45 | €14,571 | €17,507 | +€2,935 | +20.1% |
| Taxes | 450/3 | €14,571 | €17,507 | +€2,935 | +20.1% |
| Remuneration and social security | 454/9 | €0 | €0 | +€0 | |
| Other amounts payable | 47/48 | €4,323 | - | -€4,323 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €85,258 | €87,297 | +€2,039 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,203 | €8,452 | +€1,249 | +17.3% |
| Other operating charges | 640/8 | €1,473 | €4,537 | +€3,063 | +208% |
| Gross operating margin | 9900 | €135,361 | €123,191 | -€12,170 | -9.0% |
| Operating profit (loss) | 9901 | €41,426 | €22,904 | -€18,522 | -44.7% |
| Financial income | 75/76B | - | €1,366 | +€1,366 | |
| Recurring financial income | 75 | - | €1,366 | +€1,366 | |
| Financial charges | 65/66B | €5,747 | €3,927 | -€1,820 | -31.7% |
| Recurring financial charges | 65 | €5,747 | €3,927 | -€1,820 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €35,679 | €20,343 | -€15,336 | -43.0% |
| Income taxes | 67/77 | €9,933 | €13,060 | +€3,127 | +31.5% |
| Profit (loss) for the period | 9904 | €25,746 | €7,284 | -€18,463 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,746 | €7,284 | -€18,463 | -71.7% |
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 23 October 2026 via checked.be.