AV DENT: 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 DENT
Largest movements
- Tangible fixed assets -€32,573
down €32,573 (-31.8%), from €102,396 to €69,823
of which Furniture and vehicles: -€17,533
- Deferred charges and accrued income +€19,035
up €19,035 (+1222.8%), from €1,557 to €20,592
- Cash -€10,294
down €10,294 (-18.0%), from €57,309 to €47,014
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€61,284)
- Debts after one year -€61,284
down €61,284 (-80.2%), from €76,429 to €15,145
- Other debts +€52,490
new in 2025: €52,490
- Reserves -€38,902
down €38,902 (-74.1%), from €52,465 to €13,564
- Short-term financial debts +€23,455
new in 2025: €23,455
- Tax, wage and social debts +€8,430
up €8,430 (+126.0%), from €6,688 to €15,118
of which Remuneration and social security: +€5,000
- Other operating charges -€17,663
down €17,663 (-79.6%), from €22,183 to €4,520
- Taxes +€11,411
up €11,411 (+259.8%), from €4,393 to €15,804
- Gross operating margin -€10,798
down €10,798 (-8.0%), from €135,765 to €124,966
- Depreciation +€3,399
up €3,399 (+9.2%), from €37,096 to €40,495
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 | €162,830 | €139,433 | -€23,398 | -14.4% |
| Fixed assets | 21/28 | €102,545 | €69,972 | -€32,573 | -31.8% |
| Tangible fixed assets | 22/27 | €102,396 | €69,823 | -€32,573 | -31.8% |
| Plant, machinery and equipment | 23 | €70,369 | €55,329 | -€15,040 | -21.4% |
| Furniture and vehicles | 24 | €32,027 | €14,494 | -€17,533 | -54.7% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €60,286 | €69,461 | +€9,175 | +15.2% |
| Amounts receivable within one year | 40/41 | €1,421 | €1,855 | +€434 | +30.5% |
| Trade receivables | 40 | €1,421 | €408 | -€1,012 | -71.3% |
| Other amounts receivable | 41 | - | €1,446 | +€1,446 | |
| Cash at bank and in hand | 54/58 | €57,309 | €47,014 | -€10,294 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,557 | €20,592 | +€19,035 | +1222.8% |
| Total equity and liabilities | 10/49 | €162,830 | €139,433 | -€23,398 | -14.4% |
| Equity | 10/15 | €55,965 | €17,064 | -€38,902 | -69.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Outside capital | 11 | €3,500 | €3,500 | = | 0.0% |
| Other | 1109/19 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €52,465 | €13,564 | -€38,902 | -74.1% |
| Distributable reserves | 133 | €52,465 | €13,564 | -€38,902 | -74.1% |
| Amounts payable | 17/49 | €106,865 | €122,369 | +€15,504 | +14.5% |
| Amounts payable after more than one year | 17 | €76,429 | €15,145 | -€61,284 | -80.2% |
| Financial debts | 170/4 | €76,429 | €15,145 | -€61,284 | -80.2% |
| Amounts payable within one year | 42/48 | €30,436 | €107,224 | +€76,787 | +252.3% |
| Current portion of amounts payable after more than one year | 42 | €23,748 | €16,160 | -€7,588 | -32.0% |
| Financial debts | 43 | - | €23,455 | +€23,455 | |
| Credit institutions | 430/8 | - | €23,455 | +€23,455 | |
| Taxes, remuneration and social security | 45 | €6,688 | €15,118 | +€8,430 | +126.0% |
| Taxes | 450/3 | €6,688 | €10,118 | +€3,430 | +51.3% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | - | €52,490 | +€52,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,096 | €40,495 | +€3,399 | +9.2% |
| Other operating charges | 640/8 | €22,183 | €4,520 | -€17,663 | -79.6% |
| Gross operating margin | 9900 | €135,765 | €124,966 | -€10,798 | -8.0% |
| Operating profit (loss) | 9901 | €76,486 | €79,951 | +€3,466 | +4.5% |
| Financial charges | 65/66B | €3,151 | €3,049 | -€101 | -3.2% |
| Recurring financial charges | 65 | €3,151 | €3,049 | -€101 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €73,335 | €76,902 | +€3,567 | +4.9% |
| Income taxes | 67/77 | €4,393 | €15,804 | +€11,411 | +259.8% |
| Profit (loss) for the period | 9904 | €68,942 | €61,098 | -€7,844 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,942 | €61,098 | -€7,844 | -11.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.