AV GROUP: 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 GROUP
Largest movements
- Cash +€35,663
up €35,663 (+14.6%), from €245,000 to €280,663
mainly Receivables within one year (+€16,284) and Net result for the year (+€14,083)
- Receivables within one year -€16,284
down €16,284 (-25.2%), from €64,700 to €48,415
- Reserves +€14,083
up €14,083 (+8.9%), from €158,321 to €172,403
- Other debts -€13,433
down €13,433 (-16.8%), from €80,001 to €66,567
- Trade debts +€10,464
up €10,464 (+20.3%), from €51,466 to €61,930
- Tax, wage and social debts +€7,793
up €7,793 (+79.5%), from €9,802 to €17,595
- Gross operating margin +€13,604
up €13,604 (+123.2%), from €11,042 to €24,646
- Taxes +€3,534
up €3,534 (+109.9%), from €3,215 to €6,748
- Financial income +€2,045
up €2,045 (+3787.6%), from €54 to €2,099
- Financial charges +€1,769
up €1,769 (+151.8%), from €1,165 to €2,934
- Other operating charges +€853
up €853 (+141.6%), from €602 to €1,456
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 | €318,190 | €337,095 | +€18,906 | +5.9% |
| Fixed assets | 21/28 | €1,531 | €1,809 | +€278 | +18.2% |
| Tangible fixed assets | 22/27 | €1,151 | €1,430 | +€278 | +24.2% |
| Furniture and vehicles | 24 | €1,151 | €1,430 | +€278 | +24.2% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €316,659 | €335,286 | +€18,627 | +5.9% |
| Stocks and contracts in progress | 3 | €1,017 | €0 | -€1,017 | -100.0% |
| Stocks | 30/36 | €1,017 | €0 | -€1,017 | -100.0% |
| Amounts receivable within one year | 40/41 | €64,700 | €48,415 | -€16,284 | -25.2% |
| Trade receivables | 40 | €64,700 | €48,415 | -€16,284 | -25.2% |
| Cash at bank and in hand | 54/58 | €245,000 | €280,663 | +€35,663 | +14.6% |
| Deferred charges and accrued income | 490/1 | €5,942 | €6,208 | +€266 | +4.5% |
| Total equity and liabilities | 10/49 | €318,190 | €337,095 | +€18,906 | +5.9% |
| Equity | 10/15 | €176,921 | €191,003 | +€14,083 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,321 | €172,403 | +€14,083 | +8.9% |
| Distributable reserves | 133 | €158,321 | €172,403 | +€14,083 | +8.9% |
| Amounts payable | 17/49 | €141,269 | €146,092 | +€4,823 | +3.4% |
| Amounts payable within one year | 42/48 | €141,269 | €146,092 | +€4,823 | +3.4% |
| Trade debts | 44 | €51,466 | €61,930 | +€10,464 | +20.3% |
| Suppliers | 440/4 | €51,466 | €61,930 | +€10,464 | +20.3% |
| Taxes, remuneration and social security | 45 | €9,802 | €17,595 | +€7,793 | +79.5% |
| Taxes | 450/3 | €9,802 | €17,595 | +€7,793 | +79.5% |
| Other amounts payable | 47/48 | €80,001 | €66,567 | -€13,433 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €923 | €1,524 | +€601 | +65.1% |
| Other operating charges | 640/8 | €602 | €1,456 | +€853 | +141.6% |
| Gross operating margin | 9900 | €11,042 | €24,646 | +€13,604 | +123.2% |
| Operating profit (loss) | 9901 | €9,516 | €21,666 | +€12,150 | +127.7% |
| Financial income | 75/76B | €54 | €2,099 | +€2,045 | +3787.6% |
| Recurring financial income | 75 | €54 | €2,099 | +€2,045 | +3787.6% |
| Financial charges | 65/66B | €1,165 | €2,934 | +€1,769 | +151.8% |
| Recurring financial charges | 65 | €1,165 | €2,934 | +€1,769 | +151.8% |
| Profit (loss) for the period before taxes | 9903 | €8,404 | €20,831 | +€12,427 | +147.9% |
| Income taxes | 67/77 | €3,215 | €6,748 | +€3,534 | +109.9% |
| Profit (loss) for the period | 9904 | €5,190 | €14,083 | +€8,893 | +171.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,190 | €14,083 | +€8,893 | +171.4% |
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 4 October 2026 via checked.be.