AV CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Tangible fixed assets +€519,438
up €519,438 (+2,849%), from €18,231 to €537,668
of which Land and buildings: +€524,994
- Cash -€35,784
down €35,784 (-30.5%), from €117,391 to €81,607
mainly Investment in fixed assets (net) (-€559,593) and Advances received (-€33,278)
- Receivables within one year -€24,020
down €24,020 (-29.1%), from €82,557 to €58,537
of which Trade receivables: -€23,454
- Debts after one year +€439,710
new in 2025: €439,710
- Advances received -€33,278
no longer reported in 2025 (was €33,278)
- Reserves +€26,815
up €26,815 (+23.5%), from €114,086 to €140,901
- Current portion of long-term debt +€21,372
new in 2025: €21,372
- Gross operating margin +€45,355
up €45,355 (+52.5%), from €86,337 to €131,692
- Depreciation +€32,331
up €32,331 (+413%), from €7,825 to €40,156
- Financial charges +€11,159
up €11,159 (+150%), from €7,452 to €18,611
- Other operating charges +€5,089
up €5,089 (+584%), from €871 to €5,960
- Staff costs +€2,343
up €2,343 (+8.9%), from €26,205 to €28,547
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 | €242,885 | €699,142 | +€456,257 | +188% |
| Fixed assets | 21/28 | €18,231 | €537,668 | +€519,438 | +2,849% |
| Tangible fixed assets | 22/27 | €18,231 | €537,668 | +€519,438 | +2,849% |
| Land and buildings | 22 | - | €524,994 | +€524,994 | |
| Plant, machinery and equipment | 23 | €5,912 | €3,626 | -€2,285 | -38.7% |
| Furniture and vehicles | 24 | €12,319 | €9,048 | -€3,271 | -26.6% |
| Current assets | 29/58 | €224,654 | €161,474 | -€63,181 | -28.1% |
| Amounts receivable within one year | 40/41 | €82,557 | €58,537 | -€24,020 | -29.1% |
| Trade receivables | 40 | €63,560 | €40,106 | -€23,454 | -36.9% |
| Other amounts receivable | 41 | €18,996 | €18,431 | -€565 | -3.0% |
| Cash at bank and in hand | 54/58 | €117,391 | €81,607 | -€35,784 | -30.5% |
| Deferred charges and accrued income | 490/1 | €24,707 | €21,330 | -€3,377 | -13.7% |
| Total equity and liabilities | 10/49 | €242,885 | €699,142 | +€456,257 | +188% |
| Equity | 10/15 | €139,789 | €166,604 | +€26,815 | +19.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €114,086 | €140,901 | +€26,815 | +23.5% |
| Distributable reserves | 133 | €114,086 | €140,901 | +€26,815 | +23.5% |
| Profit (loss) carried forward | 14 | €5,704 | €5,704 | = | 0.0% |
| Amounts payable | 17/49 | €103,096 | €532,538 | +€429,442 | +417% |
| Amounts payable after more than one year | 17 | - | €439,710 | +€439,710 | |
| Financial debts | 170/4 | - | €439,710 | +€439,710 | |
| Amounts payable within one year | 42/48 | €103,096 | €92,828 | -€10,268 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | - | €21,372 | +€21,372 | |
| Financial debts | 43 | €5,114 | €6,795 | +€1,681 | +32.9% |
| Credit institutions | 430/8 | €5,114 | €6,795 | +€1,681 | +32.9% |
| Trade debts | 44 | €43,159 | €40,670 | -€2,489 | -5.8% |
| Suppliers | 440/4 | €43,159 | €40,670 | -€2,489 | -5.8% |
| Advances received on contracts in progress | 46 | €33,278 | - | -€33,278 | |
| Taxes, remuneration and social security | 45 | €1,545 | €3,649 | +€2,104 | +136% |
| Taxes | 450/3 | - | €2,174 | +€2,174 | |
| Remuneration and social security | 454/9 | €1,545 | €1,474 | -€71 | -4.6% |
| Other amounts payable | 47/48 | €20,000 | €20,343 | +€343 | +1.7% |
| Remuneration, social security and pensions | 62 | €26,205 | €28,547 | +€2,343 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,825 | €40,156 | +€32,331 | +413% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €120 | +€120 | |
| Other operating charges | 640/8 | €871 | €5,960 | +€5,089 | +584% |
| Non-recurring operating charges | 66A | - | €157 | +€157 | |
| Gross operating margin | 9900 | €86,337 | €131,692 | +€45,355 | +52.5% |
| Operating profit (loss) | 9901 | €51,437 | €56,752 | +€5,316 | +10.3% |
| Financial income | 75/76B | €259 | €106 | -€153 | -59.1% |
| Recurring financial income | 75 | €259 | €106 | -€153 | -59.1% |
| Financial charges | 65/66B | €7,452 | €18,611 | +€11,159 | +150% |
| Recurring financial charges | 65 | €7,452 | €18,611 | +€11,159 | +150% |
| Profit (loss) for the period before taxes | 9903 | €44,244 | €38,247 | -€5,996 | -13.6% |
| Income taxes | 67/77 | €9,543 | €11,432 | +€1,889 | +19.8% |
| Profit (loss) for the period | 9904 | €34,700 | €26,815 | -€7,885 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,700 | €26,815 | -€7,885 | -22.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.