AV LAW: 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 LAW
Largest movements
- Tangible fixed assets +€33,952
up €33,952 (+43.6%), from €77,879 to €111,831
of which Other tangible fixed assets: +€41,778
- Receivables within one year +€27,868
up €27,868 (+27.4%), from €101,820 to €129,689
of which Trade receivables: +€14,376
- Intangible fixed assets -€16,998
down €16,998 (-28.3%), from €59,971 to €42,973
- Cash +€16,794
up €16,794 (+21.2%), from €79,297 to €96,091
mainly Net result for the year (+€164,840) and Depreciation (+€36,223)
- Deferred charges and accrued income +€6,830
up €6,830 (+43.6%), from €15,653 to €22,483
- Profit (loss) carried forward +€33,840
up €33,840 (+144%), from €23,526 to €57,366
- Tax, wage and social debts +€17,362
up €17,362 (+47.7%), from €36,374 to €53,736
of which Taxes: +€15,103
- Debts after one year -€17,025
down €17,025 (-19.2%), from €88,876 to €71,852
- Trade debts +€16,240
up €16,240 (+36.2%), from €44,898 to €61,137
- Other debts +€13,600
up €13,600 (+13.9%), from €97,750 to €111,350
- Gross operating margin +€74,808
up €74,808 (+41.1%), from €181,982 to €256,790
- Taxes +€19,543
up €19,543 (+60.6%), from €32,253 to €51,795
- Other operating charges -€9,261
down €9,261 (-89.8%), from €10,308 to €1,047
- Financial income +€3,326
up €3,326 (+116%), from €2,862 to €6,188
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.
Derived cash bridge
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 | €334,620 | €403,065 | +€68,445 | +20.5% |
| Fixed assets | 21/28 | €137,850 | €154,803 | +€16,953 | +12.3% |
| Intangible fixed assets | 21 | €59,971 | €42,973 | -€16,998 | -28.3% |
| Tangible fixed assets | 22/27 | €77,879 | €111,831 | +€33,952 | +43.6% |
| Furniture and vehicles | 24 | €64,118 | €56,292 | -€7,826 | -12.2% |
| Other tangible fixed assets | 26 | €13,761 | €55,538 | +€41,778 | +304% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €196,770 | €248,262 | +€51,492 | +26.2% |
| Amounts receivable within one year | 40/41 | €101,820 | €129,689 | +€27,868 | +27.4% |
| Trade receivables | 40 | €4,175 | €18,551 | +€14,376 | +344% |
| Other amounts receivable | 41 | €97,646 | €111,138 | +€13,492 | +13.8% |
| Cash at bank and in hand | 54/58 | €79,297 | €96,091 | +€16,794 | +21.2% |
| Deferred charges and accrued income | 490/1 | €15,653 | €22,483 | +€6,830 | +43.6% |
| Total equity and liabilities | 10/49 | €334,620 | €403,065 | +€68,445 | +20.5% |
| Equity | 10/15 | €42,126 | €75,966 | +€33,840 | +80.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,526 | €57,366 | +€33,840 | +144% |
| Amounts payable | 17/49 | €292,494 | €327,099 | +€34,605 | +11.8% |
| Amounts payable after more than one year | 17 | €88,876 | €71,852 | -€17,025 | -19.2% |
| Financial debts | 170/4 | €88,876 | €71,852 | -€17,025 | -19.2% |
| Amounts payable within one year | 42/48 | €203,618 | €255,248 | +€51,630 | +25.4% |
| Current portion of amounts payable after more than one year | 42 | €24,596 | €29,025 | +€4,429 | +18.0% |
| Trade debts | 44 | €44,898 | €61,137 | +€16,240 | +36.2% |
| Suppliers | 440/4 | €44,898 | €61,137 | +€16,240 | +36.2% |
| Taxes, remuneration and social security | 45 | €36,374 | €53,736 | +€17,362 | +47.7% |
| Taxes | 450/3 | €36,132 | €51,236 | +€15,103 | +41.8% |
| Remuneration and social security | 454/9 | €241 | €2,500 | +€2,259 | +935% |
| Other amounts payable | 47/48 | €97,750 | €111,350 | +€13,600 | +13.9% |
| Non-recurring operating income | 76A | - | €1,256 | +€1,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,819 | €36,223 | +€1,404 | +4.0% |
| Other operating charges | 640/8 | €10,308 | €1,047 | -€9,261 | -89.8% |
| Gross operating margin | 9900 | €181,982 | €256,790 | +€74,808 | +41.1% |
| Operating profit (loss) | 9901 | €136,854 | €219,520 | +€82,666 | +60.4% |
| Financial income | 75/76B | €2,862 | €6,188 | +€3,326 | +116% |
| Recurring financial income | 75 | €2,862 | €6,188 | +€3,326 | +116% |
| Financial charges | 65/66B | €8,887 | €9,072 | +€186 | +2.1% |
| Recurring financial charges | 65 | €8,887 | €9,072 | +€186 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €130,829 | €216,635 | +€85,806 | +65.6% |
| Income taxes | 67/77 | €32,253 | €51,795 | +€19,543 | +60.6% |
| Profit (loss) for the period | 9904 | €98,576 | €164,840 | +€66,264 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,576 | €164,840 | +€66,264 | +67.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.