AV Invest: what changed
AV Invest
Largest movements
- Receivables within one year +€153,155
up €153,155 (+202%), from €75,818 to €228,973
of which Other amounts receivable: +€135,142
- Cash -€5,272
down €5,272 (-68.0%), from €7,752 to €2,481
mainly Receivables within one year (-€153,155) and Trade debts (-€17,253)
- Tangible fixed assets -€3,694
down €3,694 (-30.0%), from €12,322 to €8,628
- Deferred charges and accrued income +€3,045
up €3,045 (+297%), from €1,026 to €4,071
- Short-term financial debts +€150,000
new in 2026: €150,000
- Trade debts -€17,253
down €17,253 (-76.9%), from €22,436 to €5,183
- Tax, wage and social debts +€5,222
up €5,222 (+148%), from €3,517 to €8,739
of which Remuneration and social security: +€2,946
- Other debts +€4,649
new in 2026: €4,649
- Accrued charges and deferred income +€3,265
new in 2026: €3,265
- Financial income +€6,169
up €6,169 (+649,323%), from €1 to €6,170
- Financial charges +€3,236
up €3,236 (+800%), from €404 to €3,640
- Gross operating margin +€1,930
up €1,930 (+220%), from €876 to €2,807
- Other operating charges +€1,309
up €1,309 (+692%), from €189 to €1,498
- Depreciation -€322
down €322 (-8.0%), from €4,016 to €3,694
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,797 | €246,652 | +€145,855 | +145% |
| Fixed assets | 21/28 | €16,201 | €11,128 | -€5,074 | -31.3% |
| Tangible fixed assets | 22/27 | €12,322 | €8,628 | -€3,694 | -30.0% |
| Plant, machinery and equipment | 23 | €1,306 | €653 | -€653 | -50.0% |
| Furniture and vehicles | 24 | €1,504 | €0 | -€1,504 | -100% |
| Other tangible fixed assets | 26 | €9,512 | €7,975 | -€1,537 | -16.2% |
| Financial fixed assets | 28 | €3,880 | €2,500 | -€1,380 | -35.6% |
| Current assets | 29/58 | €84,596 | €235,524 | +€150,928 | +178% |
| Amounts receivable within one year | 40/41 | €75,818 | €228,973 | +€153,155 | +202% |
| Trade receivables | 40 | €4,935 | €22,948 | +€18,013 | +365% |
| Other amounts receivable | 41 | €70,883 | €206,025 | +€135,142 | +191% |
| Cash at bank and in hand | 54/58 | €7,752 | €2,481 | -€5,272 | -68.0% |
| Deferred charges and accrued income | 490/1 | €1,026 | €4,071 | +€3,045 | +297% |
| Total equity and liabilities | 10/49 | €100,797 | €246,652 | +€145,855 | +145% |
| Equity | 10/15 | €74,844 | €74,816 | -€28 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,375 | €38,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €375 | €375 | = | 0.0% |
| Reserves not available under the articles | 1311 | €375 | €375 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,869 | €17,841 | -€28 | -0.2% |
| Amounts payable | 17/49 | €25,953 | €171,836 | +€145,883 | +562% |
| Amounts payable within one year | 42/48 | €25,953 | €168,571 | +€142,618 | +550% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Other loans | 439 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €22,436 | €5,183 | -€17,253 | -76.9% |
| Suppliers | 440/4 | €22,436 | €5,183 | -€17,253 | -76.9% |
| Taxes, remuneration and social security | 45 | €3,517 | €8,739 | +€5,222 | +148% |
| Taxes | 450/3 | €3,517 | €5,793 | +€2,276 | +64.7% |
| Remuneration and social security | 454/9 | - | €2,946 | +€2,946 | |
| Other amounts payable | 47/48 | - | €4,649 | +€4,649 | |
| Accrued charges and deferred income | 492/3 | - | €3,265 | +€3,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,016 | €3,694 | -€322 | -8.0% |
| Other operating charges | 640/8 | €189 | €1,498 | +€1,309 | +692% |
| Gross operating margin | 9900 | €876 | €2,807 | +€1,930 | +220% |
| Operating profit (loss) | 9901 | -€3,329 | -€2,385 | +€944 | +28.4% |
| Financial income | 75/76B | €1 | €6,170 | +€6,169 | +649,323% |
| Recurring financial income | 75 | €1 | €6,170 | +€6,169 | +649,323% |
| Financial charges | 65/66B | €404 | €3,640 | +€3,236 | +800% |
| Recurring financial charges | 65 | €404 | €3,640 | +€3,236 | +800% |
| Profit (loss) for the period before taxes | 9903 | -€3,733 | €144 | +€3,876 | |
| Income taxes | 67/77 | €189 | €172 | -€17 | -8.8% |
| Profit (loss) for the period | 9904 | -€3,921 | -€28 | +€3,893 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,921 | -€28 | +€3,893 | +99.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.