AV CONSULT: 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.
What changed
AV CONSULT
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€995,341
2024 · €944,482+€50,859
Equity
€4.8m
2024 · €4.4m+€433,813
Cash
€79,407
2024 · €139,231-€59,824
Balance sheet total
€8.6m
2024 · €8.0m+€564,084
Largest movements
Assets
- Receivables within one year +€638,932
up €638,932 (+24.0%), from €2.7m to €3.3m
of which Trade receivables: +€627,376
Equity and liabilities
- Reserves +€433,472
up €433,472 (+9.9%), from €4.4m to €4.8m
- Other debts +€400,329
up €400,329 (+20.6%), from €1.9m to €2.3m
- Debts after one year -€299,290
down €299,290 (-32.8%), from €911,518 to €612,228
- Accrued charges and deferred income +€121,908
up €121,908 (+108%), from €112,564 to €234,472
Income statement
- Gross operating margin +€137,140
up €137,140 (+8.3%), from €1.6m to €1.8m
- Depreciation +€30,751
up €30,751 (+18.6%), from €165,347 to €196,098
- Other operating charges +€29,127
up €29,127 (+61.1%), from €47,637 to €76,764
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.
Result 2024
€944,482
Gross operating margin
+€137,140
Staff costs
-€7,253
Depreciation
-€30,751
Other operating charges
-€29,127
Other operating items
-€7,800
Financial income
-€524
Financial charges
-€9,740
Taxes
-€1,086
Result 2025
€995,341
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
-€205,005
Financing
-€871,234
Cash 2024
€139,231
From operations (derived)
+€1.0m
Net result for the year
+€995,341
Depreciation
+€196,098
Receivables after one year
+€30,593
Stocks and contracts
-€4,764
Receivables within one year
-€638,932
Deferred charges and accrued income
-€1,897
Trade debts
-€48,508
Tax, wage and social debts
-€33,752
Other debts
+€400,329
Accrued charges and deferred income
+€121,908
Investment (derived)
-€205,005
Investment in fixed assets (net)
-€205,005
Financing
-€871,234
Debts after one year
-€299,290
Current portion of long-term debt
-€10,417
Contributions, distributions and other
-€561,528
Cash 2025
€79,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,040,928 | €8,605,011 | +€564,084 | +7.0% |
| Fixed assets | 21/28 | €5,103,306 | €5,112,214 | +€8,908 | +0.2% |
| Tangible fixed assets | 22/27 | €5,098,306 | €5,107,214 | +€8,908 | +0.2% |
| Land and buildings | 22 | €3,862,287 | €3,706,780 | -€155,507 | -4.0% |
| Plant, machinery and equipment | 23 | €338,100 | €333,894 | -€4,206 | -1.2% |
| Furniture and vehicles | 24 | €833,103 | €970,554 | +€137,451 | +16.5% |
| Other tangible fixed assets | 26 | €64,816 | €95,986 | +€31,170 | +48.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,937,621 | €3,492,797 | +€555,176 | +18.9% |
| Amounts receivable after more than one year | 29 | €61,804 | €31,211 | -€30,593 | -49.5% |
| Other amounts receivable | 291 | €61,804 | €31,211 | -€30,593 | -49.5% |
| Stocks and contracts in progress | 3 | €51,974 | €56,738 | +€4,764 | +9.2% |
| Stocks | 30/36 | €51,974 | €56,738 | +€4,764 | +9.2% |
| Amounts receivable within one year | 40/41 | €2,661,888 | €3,300,820 | +€638,932 | +24.0% |
| Trade receivables | 40 | €1,633,367 | €2,260,743 | +€627,376 | +38.4% |
| Other amounts receivable | 41 | €1,028,521 | €1,040,077 | +€11,556 | +1.1% |
| Cash at bank and in hand | 54/58 | €139,231 | €79,407 | -€59,824 | -43.0% |
| Deferred charges and accrued income | 490/1 | €22,724 | €24,621 | +€1,897 | +8.3% |
| Total equity and liabilities | 10/49 | €8,040,928 | €8,605,011 | +€564,084 | +7.0% |
| Equity | 10/15 | €4,416,113 | €4,849,927 | +€433,813 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,397,127 | €4,830,599 | +€433,472 | +9.9% |
| Distributable reserves | 133 | €4,397,127 | €4,830,599 | +€433,472 | +9.9% |
| Profit (loss) carried forward | 14 | €386 | €727 | +€341 | +88.2% |
| Amounts payable | 17/49 | €3,624,815 | €3,755,085 | +€130,270 | +3.6% |
| Amounts payable after more than one year | 17 | €911,518 | €612,228 | -€299,290 | -32.8% |
| Financial debts | 170/4 | €911,518 | €612,228 | -€299,290 | -32.8% |
| Amounts payable within one year | 42/48 | €2,600,733 | €2,908,385 | +€307,652 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €309,707 | €299,290 | -€10,417 | -3.4% |
| Trade debts | 44 | €64,435 | €15,926 | -€48,508 | -75.3% |
| Suppliers | 440/4 | €64,435 | €15,926 | -€48,508 | -75.3% |
| Taxes, remuneration and social security | 45 | €282,908 | €249,157 | -€33,752 | -11.9% |
| Taxes | 450/3 | €278,257 | €240,265 | -€37,992 | -13.7% |
| Remuneration and social security | 454/9 | €4,652 | €8,892 | +€4,240 | +91.2% |
| Other amounts payable | 47/48 | €1,943,684 | €2,344,012 | +€400,329 | +20.6% |
| Accrued charges and deferred income | 492/3 | €112,564 | €234,472 | +€121,908 | +108% |
| Non-recurring operating income | 76A | €11,100 | €170,903 | +€159,803 | +1,440% |
| Remuneration, social security and pensions | 62 | €40,892 | €48,145 | +€7,253 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,347 | €196,098 | +€30,751 | +18.6% |
| Other operating charges | 640/8 | €47,637 | €76,764 | +€29,127 | +61.1% |
| Non-recurring operating charges | 66A | - | €7,800 | +€7,800 | |
| Gross operating margin | 9900 | €1,649,763 | €1,786,903 | +€137,140 | +8.3% |
| Operating profit (loss) | 9901 | €1,395,888 | €1,458,097 | +€62,209 | +4.5% |
| Financial income | 75/76B | €2,334 | €1,810 | -€524 | -22.5% |
| Recurring financial income | 75 | €2,334 | €1,810 | -€524 | -22.5% |
| Financial charges | 65/66B | €136,738 | €146,478 | +€9,740 | +7.1% |
| Recurring financial charges | 65 | €136,738 | €146,478 | +€9,740 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €1,261,484 | €1,313,429 | +€51,945 | +4.1% |
| Income taxes | 67/77 | €317,002 | €318,088 | +€1,086 | +0.3% |
| Profit (loss) for the period | 9904 | €944,482 | €995,341 | +€50,859 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €944,482 | €995,341 | +€50,859 | +5.4% |
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 26 October 2026 via checked.be.