AV FACADE: 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 FACADE
Largest movements
- Receivables within one year +€264,000
up €264,000 (+23.0%), from €1.1m to €1.4m
of which Trade receivables: +€239,372
- Cash -€47,327
down €47,327 (-10.0%), from €472,921 to €425,595
mainly Receivables within one year (-€264,000) and Investment in fixed assets (net) (-€63,499)
- Tangible fixed assets -€26,734
down €26,734 (-12.1%), from €220,828 to €194,094
of which Leasing and similar rights: -€28,342
- Trade debts +€191,566
up €191,566 (+21.6%), from €885,256 to €1.1m
- Reserves +€100,000
up €100,000 (+20.7%), from €482,859 to €582,859
of which Distributable reserves: +€100,000
- Short-term financial debts -€50,000
no longer reported in 2024 (was €50,000)
- Other debts -€32,202
down €32,202 (-36.2%), from €89,062 to €56,860
- Staff costs +€118,919
up €118,919 (+11.4%), from €1.0m to €1.2m
- Taxes -€36,130
down €36,130 (-59.9%), from €60,302 to €24,172
- Gross operating margin +€34,097
up €34,097 (+2.4%), from €1.4m to €1.4m
- Other operating charges -€19,001
down €19,001 (-46.5%), from €40,898 to €21,897
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,077,612 | €2,263,974 | +€186,362 | +9.0% |
| Fixed assets | 21/28 | €245,302 | €218,568 | -€26,734 | -10.9% |
| Tangible fixed assets | 22/27 | €220,828 | €194,094 | -€26,734 | -12.1% |
| Land and buildings | 22 | €28,613 | €25,151 | -€3,462 | -12.1% |
| Plant, machinery and equipment | 23 | €12,686 | €27,467 | +€14,781 | +116.5% |
| Furniture and vehicles | 24 | €116,762 | €107,051 | -€9,711 | -8.3% |
| Leasing and similar rights | 25 | €62,767 | €34,425 | -€28,342 | -45.2% |
| Financial fixed assets | 28 | €24,474 | €24,474 | = | 0.0% |
| Current assets | 29/58 | €1,832,310 | €2,045,406 | +€213,096 | +11.6% |
| Stocks and contracts in progress | 3 | €185,000 | €185,000 | = | 0.0% |
| Stocks | 30/36 | €185,000 | €185,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,147,913 | €1,411,914 | +€264,000 | +23.0% |
| Trade receivables | 40 | €1,101,672 | €1,341,044 | +€239,372 | +21.7% |
| Other amounts receivable | 41 | €46,241 | €70,869 | +€24,628 | +53.3% |
| Cash at bank and in hand | 54/58 | €472,921 | €425,595 | -€47,327 | -10.0% |
| Deferred charges and accrued income | 490/1 | €26,475 | €22,898 | -€3,577 | -13.5% |
| Total equity and liabilities | 10/49 | €2,077,612 | €2,263,974 | +€186,362 | +9.0% |
| Equity | 10/15 | €745,092 | €849,842 | +€104,750 | +14.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €482,859 | €582,859 | +€100,000 | +20.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €481,000 | €581,000 | +€100,000 | +20.8% |
| Profit (loss) carried forward | 14 | €243,641 | €248,391 | +€4,750 | +1.9% |
| Amounts payable | 17/49 | €1,332,519 | €1,414,131 | +€81,612 | +6.1% |
| Amounts payable after more than one year | 17 | €107,636 | €88,140 | -€19,496 | -18.1% |
| Financial debts | 170/4 | €107,636 | €88,140 | -€19,496 | -18.1% |
| Amounts payable within one year | 42/48 | €1,224,883 | €1,325,992 | +€101,109 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €76,901 | €56,805 | -€20,096 | -26.1% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €885,256 | €1,076,822 | +€191,566 | +21.6% |
| Suppliers | 440/4 | €885,256 | €1,076,822 | +€191,566 | +21.6% |
| Taxes, remuneration and social security | 45 | €123,665 | €135,506 | +€11,841 | +9.6% |
| Taxes | 450/3 | €74,783 | €80,248 | +€5,465 | +7.3% |
| Remuneration and social security | 454/9 | €48,881 | €55,257 | +€6,376 | +13.0% |
| Other amounts payable | 47/48 | €89,062 | €56,860 | -€32,202 | -36.2% |
| Remuneration, social security and pensions | 62 | €1,046,848 | €1,165,768 | +€118,919 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,542 | €90,234 | -€1,308 | -1.4% |
| Other operating charges | 640/8 | €40,898 | €21,897 | -€19,001 | -46.5% |
| Gross operating margin | 9900 | €1,400,957 | €1,435,055 | +€34,097 | +2.4% |
| Operating profit (loss) | 9901 | €221,669 | €157,156 | -€64,512 | -29.1% |
| Financial income | 75/76B | €1,038 | €3,236 | +€2,198 | +211.9% |
| Recurring financial income | 75 | €1,038 | €3,236 | +€2,198 | +211.9% |
| Financial charges | 65/66B | €26,451 | €31,470 | +€5,019 | +19.0% |
| Recurring financial charges | 65 | €26,451 | €31,470 | +€5,019 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €196,256 | €128,922 | -€67,333 | -34.3% |
| Income taxes | 67/77 | €60,302 | €24,172 | -€36,130 | -59.9% |
| Profit (loss) for the period | 9904 | €135,953 | €104,750 | -€31,203 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135,953 | €104,750 | -€31,203 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.