AV HOLDING: 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 HOLDING
Largest movements
- Cash +€683,124
up €683,124 (+810.6%), from €84,271 to €767,395
mainly Receivables within one year (+€479,566) and Net result for the year (+€424,476)
- Receivables within one year -€479,566
down €479,566 (-44.4%), from €1.1m to €599,521
of which Other amounts receivable: -€452,151
- Tangible fixed assets +€124,096
up €124,096 (+5.9%), from €2.1m to €2.2m
of which Furniture and vehicles: +€120,896
- Profit (loss) carried forward +€424,476
up €424,476 (+57.4%), from -€739,882 to -€315,406
- Other debts -€83,991
down €83,991 (-5.5%), from €1.5m to €1.4m
- Financial charges -€1.1m
down €1.1m, from €1.0m to -€25,235
- Financial income +€103,782
up €103,782 (+42.8%), from €242,400 to €346,182
of which Financial income: +€102,842
- Depreciation +€11,592
up €11,592 (+49.3%), from €23,525 to €35,117
- Gross operating margin +€5,881
up €5,881 (+4.5%), from €130,072 to €135,953
- Staff costs +€3,006
up €3,006 (+8.6%), from €34,988 to €37,993
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 | €6,077,944 | €6,402,714 | +€324,770 | +5.3% |
| Fixed assets | 21/28 | €3,976,839 | €4,092,534 | +€115,696 | +2.9% |
| Tangible fixed assets | 22/27 | €2,111,926 | €2,236,021 | +€124,096 | +5.9% |
| Land and buildings | 22 | €2,018,888 | €2,018,888 | +€0 | 0.0% |
| Furniture and vehicles | 24 | €83,038 | €203,933 | +€120,896 | +145.6% |
| Other tangible fixed assets | 26 | €10,000 | €13,200 | +€3,200 | +32.0% |
| Financial fixed assets | 28 | €1,864,913 | €1,856,513 | -€8,400 | -0.5% |
| Current assets | 29/58 | €2,101,105 | €2,310,180 | +€209,075 | +10.0% |
| Amounts receivable within one year | 40/41 | €1,079,087 | €599,521 | -€479,566 | -44.4% |
| Trade receivables | 40 | €31,360 | €3,945 | -€27,415 | -87.4% |
| Other amounts receivable | 41 | €1,047,726 | €595,576 | -€452,151 | -43.2% |
| Current investments | 50/53 | €931,399 | €937,678 | +€6,280 | +0.7% |
| Cash at bank and in hand | 54/58 | €84,271 | €767,395 | +€683,124 | +810.6% |
| Deferred charges and accrued income | 490/1 | €6,350 | €5,586 | -€764 | -12.0% |
| Total equity and liabilities | 10/49 | €6,077,944 | €6,402,714 | +€324,770 | +5.3% |
| Equity | 10/15 | €4,533,553 | €4,958,030 | +€424,476 | +9.4% |
| Contributions | 10/11 | €5,036,004 | €5,036,004 | = | 0.0% |
| Reserves | 13 | €237,432 | €237,432 | = | 0.0% |
| Distributable reserves | 133 | €237,432 | €237,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€739,882 | -€315,406 | +€424,476 | +57.4% |
| Amounts payable | 17/49 | €1,544,391 | €1,444,685 | -€99,706 | -6.5% |
| Amounts payable within one year | 42/48 | €1,544,391 | €1,444,685 | -€99,706 | -6.5% |
| Financial debts | 43 | €0 | €6 | +€6 | |
| Credit institutions | 430/8 | €0 | €6 | +€6 | |
| Trade debts | 44 | €9,194 | €1,395 | -€7,799 | -84.8% |
| Suppliers | 440/4 | €9,194 | €1,395 | -€7,799 | -84.8% |
| Taxes, remuneration and social security | 45 | €14,309 | €6,386 | -€7,923 | -55.4% |
| Taxes | 450/3 | €8,977 | €863 | -€8,114 | -90.4% |
| Remuneration and social security | 454/9 | €5,332 | €5,523 | +€191 | +3.6% |
| Other amounts payable | 47/48 | €1,520,887 | €1,436,897 | -€83,991 | -5.5% |
| Remuneration, social security and pensions | 62 | €34,988 | €37,993 | +€3,006 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,525 | €35,117 | +€11,592 | +49.3% |
| Other operating charges | 640/8 | €7,398 | €8,928 | +€1,530 | +20.7% |
| Gross operating margin | 9900 | €130,072 | €135,953 | +€5,881 | +4.5% |
| Operating profit (loss) | 9901 | €64,162 | €53,915 | -€10,246 | -16.0% |
| Financial income | 75/76B | €242,400 | €346,182 | +€103,782 | +42.8% |
| Recurring financial income | 75 | €242,400 | €345,242 | +€102,842 | +42.4% |
| Non-recurring financial income | 76B | - | €940 | +€940 | |
| Financial charges | 65/66B | €1,043,635 | -€25,235 | -€1.1m | |
| Recurring financial charges | 65 | €1,043,635 | -€25,235 | -€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€737,074 | €425,332 | +€1.2m | |
| Income taxes | 67/77 | €2,808 | €856 | -€1,953 | -69.5% |
| Profit (loss) for the period | 9904 | -€739,882 | €424,476 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€739,882 | €424,476 | +€1.2m |
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.