AV CONSULT: what changed
Two fiscal 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 CONSULT
Largest movements
- Cash -€41,952
down €41,952 (-54.5%), from €76,990 to €35,038
mainly Investment in fixed assets (net) (-€81,301) and Current investments (-€38,114)
- Current investments +€38,114
up €38,114 (+17.9%), from €213,023 to €251,137
- Tangible fixed assets +€24,623
up €24,623 (+19.0%), from €129,868 to €154,491
of which Furniture and vehicles: +€43,941
- Receivables within one year -€6,763
down €6,763 (-51.6%), from €13,116 to €6,353
of which Trade receivables: -€8,315
- Current portion of long-term debt +€25,000
new in 2025: €25,000
- Trade debts +€17,847
up €17,847 (+401.1%), from €4,449 to €22,296
- Profit (loss) carried forward -€17,785
down €17,785 (-8.4%), from €212,248 to €194,463
- Tax, wage and social debts -€7,040
no longer reported in 2025 (was €7,040)
- Depreciation +€25,746
up €25,746 (+95.6%), from €26,932 to €52,678
- Taxes -€9,932
down €9,932 (-96.7%), from €10,275 to €343
- Gross operating margin +€6,238
up €6,238 (+17.8%), from €35,093 to €41,331
- Purchases and services -€3,889
down €3,889 (-4.8%), from €81,174 to €77,285
- Staff costs +€3,843
up €3,843, from -€2,029 to €1,814
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 | €433,097 | €451,119 | +€18,022 | +4.2% |
| Fixed assets | 21/28 | €129,968 | €158,591 | +€28,623 | +22.0% |
| Intangible fixed assets | 21 | - | €4,000 | +€4,000 | |
| Tangible fixed assets | 22/27 | €129,868 | €154,491 | +€24,623 | +19.0% |
| Land and buildings | 22 | €105,995 | €88,991 | -€17,004 | -16.0% |
| Plant, machinery and equipment | 23 | €16,319 | €14,005 | -€2,314 | -14.2% |
| Furniture and vehicles | 24 | €7,554 | €51,495 | +€43,941 | +581.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €303,129 | €292,528 | -€10,601 | -3.5% |
| Amounts receivable within one year | 40/41 | €13,116 | €6,353 | -€6,763 | -51.6% |
| Trade receivables | 40 | €13,116 | €4,801 | -€8,315 | -63.4% |
| Other amounts receivable | 41 | - | €1,552 | +€1,552 | |
| Current investments | 50/53 | €213,023 | €251,137 | +€38,114 | +17.9% |
| Cash at bank and in hand | 54/58 | €76,990 | €35,038 | -€41,952 | -54.5% |
| Total equity and liabilities | 10/49 | €433,097 | €451,119 | +€18,022 | +4.2% |
| Equity | 10/15 | €421,608 | €403,823 | -€17,785 | -4.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €196,960 | €196,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €153,000 | €153,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,248 | €194,463 | -€17,785 | -8.4% |
| Amounts payable | 17/49 | €11,489 | €47,296 | +€35,807 | +311.7% |
| Amounts payable within one year | 42/48 | €11,489 | €47,296 | +€35,807 | +311.7% |
| Current portion of amounts payable after more than one year | 42 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €4,449 | €22,296 | +€17,847 | +401.1% |
| Suppliers | 440/4 | €4,449 | €22,296 | +€17,847 | +401.1% |
| Taxes, remuneration and social security | 45 | €7,040 | - | -€7,040 | |
| Taxes | 450/3 | €7,040 | - | -€7,040 | |
| Turnover | 70 | €115,443 | €118,615 | +€3,172 | +2.7% |
| Non-recurring operating income | 76A | €825 | €0 | -€825 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €81,174 | €77,285 | -€3,889 | -4.8% |
| Remuneration, social security and pensions | 62 | -€2,029 | €1,814 | +€3,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,932 | €52,678 | +€25,746 | +95.6% |
| Other operating charges | 640/8 | €4,728 | €7,032 | +€2,304 | +48.7% |
| Gross operating margin | 9900 | €35,093 | €41,331 | +€6,238 | +17.8% |
| Operating profit (loss) | 9901 | €5,462 | -€20,193 | -€25,655 | |
| Financial income | 75/76B | €4,661 | €4,020 | -€641 | -13.8% |
| Recurring financial income | 75 | €4,661 | €4,020 | -€641 | -13.8% |
| Financial charges | 65/66B | €975 | €1,269 | +€294 | +30.2% |
| Recurring financial charges | 65 | €945 | €825 | -€120 | -12.7% |
| Non-recurring financial charges | 66B | €30 | €444 | +€414 | +1380.0% |
| Profit (loss) for the period before taxes | 9903 | €9,148 | -€17,442 | -€26,590 | |
| Income taxes | 67/77 | €10,275 | €343 | -€9,932 | -96.7% |
| Profit (loss) for the period | 9904 | -€1,127 | -€17,785 | -€16,658 | -1478.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,127 | -€17,785 | -€16,658 | -1478.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.