AV CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets -€49,780
down €49,780 (-17.2%), from €289,636 to €239,856
- Cash +€12,831
up €12,831 (+6.7%), from €191,174 to €204,005
mainly Other debts (+€55,417) and Depreciation (+€54,377)
- Receivables within one year +€12,087
up €12,087 (+2,432%), from €497 to €12,584
- Stocks and contracts +€5,577
up €5,577 (+43.2%), from €12,920 to €18,497
- Other debts +€55,417
up €55,417 (+1,148%), from €4,828 to €60,244
- Trade debts -€28,314
down €28,314 (-48.5%), from €58,364 to €30,050
- Debts after one year -€15,568
down €15,568 (-24.6%), from €63,368 to €47,800
- Profit (loss) carried forward -€15,231
down €15,231 (-4.6%), from €333,425 to €318,195
- Tax, wage and social debts -€9,055
down €9,055 (-64.4%), from €14,058 to €5,003
of which Taxes: -€9,406
- Gross operating margin +€36,512
up €36,512 (+29.0%), from €125,734 to €162,246
- Staff costs +€9,851
up €9,851 (+25.4%), from €38,815 to €48,666
- Taxes +€5,378
up €5,378 (+79.1%), from €6,803 to €12,181
- Depreciation +€4,628
up €4,628 (+9.3%), from €49,749 to €54,377
- Other operating charges -€3,188
down €3,188 (-54.8%), from €5,822 to €2,634
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 | €499,304 | €478,861 | -€20,443 | -4.1% |
| Fixed assets | 21/28 | €289,906 | €240,126 | -€49,780 | -17.2% |
| Tangible fixed assets | 22/27 | €289,636 | €239,856 | -€49,780 | -17.2% |
| Land and buildings | 22 | €140,919 | €130,764 | -€10,154 | -7.2% |
| Plant, machinery and equipment | 23 | €42,136 | €28,832 | -€13,304 | -31.6% |
| Furniture and vehicles | 24 | €74,765 | €51,477 | -€23,288 | -31.1% |
| Other tangible fixed assets | 26 | €31,816 | €28,782 | -€3,034 | -9.5% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €209,398 | €238,735 | +€29,337 | +14.0% |
| Stocks and contracts in progress | 3 | €12,920 | €18,497 | +€5,577 | +43.2% |
| Stocks | 30/36 | €12,920 | €18,497 | +€5,577 | +43.2% |
| Amounts receivable within one year | 40/41 | €497 | €12,584 | +€12,087 | +2,432% |
| Other amounts receivable | 41 | €497 | €12,584 | +€12,087 | +2,432% |
| Cash at bank and in hand | 54/58 | €191,174 | €204,005 | +€12,831 | +6.7% |
| Deferred charges and accrued income | 490/1 | €4,807 | €3,649 | -€1,158 | -24.1% |
| Total equity and liabilities | 10/49 | €499,304 | €478,861 | -€20,443 | -4.1% |
| Equity | 10/15 | €335,425 | €320,195 | -€15,231 | -4.5% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333,425 | €318,195 | -€15,231 | -4.6% |
| Amounts payable | 17/49 | €163,878 | €158,666 | -€5,212 | -3.2% |
| Amounts payable after more than one year | 17 | €63,368 | €47,800 | -€15,568 | -24.6% |
| Financial debts | 170/4 | €63,368 | €47,800 | -€15,568 | -24.6% |
| Amounts payable within one year | 42/48 | €99,186 | €110,866 | +€11,680 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €21,936 | €15,568 | -€6,368 | -29.0% |
| Trade debts | 44 | €58,364 | €30,050 | -€28,314 | -48.5% |
| Suppliers | 440/4 | €58,364 | €30,050 | -€28,314 | -48.5% |
| Taxes, remuneration and social security | 45 | €14,058 | €5,003 | -€9,055 | -64.4% |
| Taxes | 450/3 | €10,434 | €1,028 | -€9,406 | -90.1% |
| Remuneration and social security | 454/9 | €3,624 | €3,975 | +€351 | +9.7% |
| Other amounts payable | 47/48 | €4,828 | €60,244 | +€55,417 | +1,148% |
| Accrued charges and deferred income | 492/3 | €1,324 | - | -€1,324 | |
| Remuneration, social security and pensions | 62 | €38,815 | €48,666 | +€9,851 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,749 | €54,377 | +€4,628 | +9.3% |
| Other operating charges | 640/8 | €5,822 | €2,634 | -€3,188 | -54.8% |
| Gross operating margin | 9900 | €125,734 | €162,246 | +€36,512 | +29.0% |
| Operating profit (loss) | 9901 | €31,348 | €56,569 | +€25,221 | +80.5% |
| Financial income | 75/76B | €1,000 | €0 | -€1,000 | -100.0% |
| Recurring financial income | 75 | €1,000 | €0 | -€1,000 | -100.0% |
| Financial charges | 65/66B | €976 | €795 | -€182 | -18.6% |
| Recurring financial charges | 65 | €976 | €795 | -€182 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €31,371 | €55,774 | +€24,403 | +77.8% |
| Income taxes | 67/77 | €6,803 | €12,181 | +€5,378 | +79.1% |
| Profit (loss) for the period | 9904 | €24,568 | €43,593 | +€19,025 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,568 | €43,593 | +€19,025 | +77.4% |
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 18 October 2026 via checked.be.