AV LEX: 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 LEX
Largest movements
- Current investments +€78,432
up €78,432 (+97.0%), from €80,866 to €159,298
- Profit (loss) carried forward +€83,625
up €83,625 (+105.1%), from €79,590 to €163,215
- Tax, wage and social debts -€4,059
down €4,059 (-29.4%), from €13,825 to €9,766
- Gross operating margin +€19,415
up €19,415 (+22.6%), from €86,084 to €105,499
- Taxes +€4,297
up €4,297 (+24.5%), from €17,565 to €21,862
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 | €97,891 | €176,320 | +€78,429 | +80.1% |
| Fixed assets | 21/28 | €2,461 | €1,548 | -€913 | -37.1% |
| Tangible fixed assets | 22/27 | €2,461 | €1,548 | -€913 | -37.1% |
| Furniture and vehicles | 24 | €2,461 | €1,548 | -€913 | -37.1% |
| Current assets | 29/58 | €95,429 | €174,772 | +€79,343 | +83.1% |
| Amounts receivable within one year | 40/41 | €1,003 | €457 | -€545 | -54.4% |
| Trade receivables | 40 | €1,003 | €410 | -€593 | -59.1% |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Current investments | 50/53 | €80,866 | €159,298 | +€78,432 | +97.0% |
| Cash at bank and in hand | 54/58 | €13,184 | €14,618 | +€1,434 | +10.9% |
| Deferred charges and accrued income | 490/1 | €376 | €398 | +€22 | +5.8% |
| Total equity and liabilities | 10/49 | €97,891 | €176,320 | +€78,429 | +80.1% |
| Equity | 10/15 | €82,590 | €166,215 | +€83,625 | +101.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,590 | €163,215 | +€83,625 | +105.1% |
| Amounts payable | 17/49 | €15,301 | €10,105 | -€5,195 | -34.0% |
| Amounts payable within one year | 42/48 | €15,301 | €10,105 | -€5,195 | -34.0% |
| Trade debts | 44 | €588 | €281 | -€306 | -52.2% |
| Suppliers | 440/4 | €588 | €281 | -€306 | -52.2% |
| Taxes, remuneration and social security | 45 | €13,825 | €9,766 | -€4,059 | -29.4% |
| Taxes | 450/3 | €13,825 | €9,766 | -€4,059 | -29.4% |
| Other amounts payable | 47/48 | €887 | €58 | -€830 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278 | €913 | +€635 | +228.1% |
| Other operating charges | 640/8 | €550 | - | -€550 | |
| Gross operating margin | 9900 | €86,084 | €105,499 | +€19,415 | +22.6% |
| Operating profit (loss) | 9901 | €85,256 | €104,586 | +€19,331 | +22.7% |
| Financial income | 75/76B | €39 | €1,051 | +€1,012 | +2622.0% |
| Recurring financial income | 75 | €39 | €1,051 | +€1,012 | +2622.0% |
| Financial charges | 65/66B | €53 | €150 | +€97 | +180.7% |
| Recurring financial charges | 65 | €53 | €150 | +€97 | +180.7% |
| Profit (loss) for the period before taxes | 9903 | €85,241 | €105,487 | +€20,246 | +23.8% |
| Income taxes | 67/77 | €17,565 | €21,862 | +€4,297 | +24.5% |
| Profit (loss) for the period | 9904 | €67,675 | €83,625 | +€15,949 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,675 | €83,625 | +€15,949 | +23.6% |
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 3 October 2026 via checked.be.