AV Group: what changed
What changed
AV Group
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€40,736
2024 · €1,679-€42,415
Equity
-€22,044
2024 · €19,279-€41,323
Cash
€2
2024 · -+€2
Balance sheet total
€22,415
2024 · €58,349-€35,934
Largest movements
Assets
- Stocks and contracts -€23,416
no longer reported in 2025 (was €23,416)
- Tangible fixed assets -€8,549
down €8,549 (-29.9%), from €28,561 to €20,012
of which Furniture and vehicles: -€7,588
- Deferred charges and accrued income -€3,636
down €3,636 (-63.0%), from €5,772 to €2,137
Equity and liabilities
- Profit (loss) carried forward -€40,736
new in 2025: -€40,736
- Debts after one year +€16,633
up €16,633 (+75.4%), from €22,051 to €38,683
- Trade debts -€4,734
down €4,734 (-70.4%), from €6,724 to €1,990
- Short-term financial debts -€3,870
down €3,870 (-65.8%), from €5,878 to €2,007
- Tax, wage and social debts -€2,275
down €2,275 (-56.1%), from €4,054 to €1,779
Income statement
- Gross operating margin -€46,215
down €46,215, from €18,270 to -€27,945
- Depreciation +€2,266
up €2,266 (+36.1%), from €6,283 to €8,549
- Financial charges -€1,345
down €1,345 (-79.6%), from €1,690 to €345
- Staff costs -€1,244
down €1,244 (-42.9%), from €2,902 to €1,658
- Other operating charges -€843
down €843 (-40.2%), from €2,095 to €1,252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,679
Gross operating margin
-€46,215
Staff costs
+€1,244
Depreciation
-€2,266
Other operating charges
+€843
Other operating items
+€2,739
Financial income
-€22
Financial charges
+€1,345
Taxes
-€83
Result 2025
-€40,736
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€12,174
Investment
€0
Financing
+€12,175
Cash 2024
€0
From operations (derived)
-€12,174
Net result for the year
-€40,736
Depreciation
+€8,549
Stocks and contracts
+€23,416
Receivables within one year
+€335
Deferred charges and accrued income
+€3,636
Trade debts
-€4,734
Tax, wage and social debts
-€2,275
Accrued charges and deferred income
-€365
Financing
+€12,175
Debts after one year
+€16,633
Short-term financial debts
-€3,870
Contributions, distributions and other
-€587
Cash 2025
€2
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,349 | €22,415 | -€35,934 | -61.6% |
| Fixed assets | 21/28 | €28,561 | €20,012 | -€8,549 | -29.9% |
| Tangible fixed assets | 22/27 | €28,561 | €20,012 | -€8,549 | -29.9% |
| Plant, machinery and equipment | 23 | €1,740 | €780 | -€960 | -55.2% |
| Furniture and vehicles | 24 | €26,821 | €19,233 | -€7,588 | -28.3% |
| Current assets | 29/58 | €29,788 | €2,403 | -€27,385 | -91.9% |
| Stocks and contracts in progress | 3 | €23,416 | - | -€23,416 | |
| Contracts in progress | 37 | €23,416 | - | -€23,416 | |
| Amounts receivable within one year | 40/41 | €600 | €265 | -€335 | -55.8% |
| Other amounts receivable | 41 | €600 | €265 | -€335 | -55.8% |
| Cash at bank and in hand | 54/58 | - | €2 | +€2 | |
| Deferred charges and accrued income | 490/1 | €5,772 | €2,137 | -€3,636 | -63.0% |
| Total equity and liabilities | 10/49 | €58,349 | €22,415 | -€35,934 | -61.6% |
| Equity | 10/15 | €19,279 | -€22,044 | -€41,323 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €4,279 | €3,692 | -€587 | -13.7% |
| Distributable reserves | 133 | €4,279 | €3,692 | -€587 | -13.7% |
| Profit (loss) carried forward | 14 | - | -€40,736 | -€40,736 | |
| Amounts payable | 17/49 | €39,070 | €44,460 | +€5,389 | +13.8% |
| Amounts payable after more than one year | 17 | €22,051 | €38,683 | +€16,633 | +75.4% |
| Other amounts payable | 178/9 | €22,051 | €38,683 | +€16,633 | +75.4% |
| Amounts payable within one year | 42/48 | €16,655 | €5,776 | -€10,879 | -65.3% |
| Financial debts | 43 | €5,878 | €2,007 | -€3,870 | -65.8% |
| Credit institutions | 430/8 | €5,878 | €2,007 | -€3,870 | -65.8% |
| Trade debts | 44 | €6,724 | €1,990 | -€4,734 | -70.4% |
| Suppliers | 440/4 | €6,724 | €1,990 | -€4,734 | -70.4% |
| Taxes, remuneration and social security | 45 | €4,054 | €1,779 | -€2,275 | -56.1% |
| Taxes | 450/3 | €4,054 | €1,779 | -€2,275 | -56.1% |
| Accrued charges and deferred income | 492/3 | €365 | - | -€365 | |
| Remuneration, social security and pensions | 62 | €2,902 | €1,658 | -€1,244 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,283 | €8,549 | +€2,266 | +36.1% |
| Other operating charges | 640/8 | €2,095 | €1,252 | -€843 | -40.2% |
| Non-recurring operating charges | 66A | €2,739 | - | -€2,739 | |
| Gross operating margin | 9900 | €18,270 | -€27,945 | -€46,215 | |
| Operating profit (loss) | 9901 | €4,251 | -€39,404 | -€43,655 | |
| Financial income | 75/76B | €23 | €1 | -€22 | -94.7% |
| Recurring financial income | 75 | €23 | €1 | -€22 | -94.7% |
| Financial charges | 65/66B | €1,690 | €345 | -€1,345 | -79.6% |
| Recurring financial charges | 65 | €1,690 | €345 | -€1,345 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €2,584 | -€39,748 | -€42,332 | |
| Income taxes | 67/77 | €905 | €988 | +€83 | +9.2% |
| Profit (loss) for the period | 9904 | €1,679 | -€40,736 | -€42,415 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,679 | -€40,736 | -€42,415 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.