AV-NF: 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-NF
Largest movements
- Receivables within one year -€27,813
down €27,813 (-79.3%), from €35,059 to €7,246
of which Other amounts receivable: -€20,317
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€8,465
down €8,465 (-97.0%), from €8,729 to €264
mainly Receivables after one year (-€25,000) and Net result for the year (-€6,039)
- Tangible fixed assets -€2,440
down €2,440 (-50.6%), from €4,821 to €2,381
of which Furniture and vehicles: -€1,793
- Profit (loss) carried forward -€6,039
down €6,039 (-66.7%), from €9,047 to €3,008
- Trade debts -€3,951
down €3,951 (-90.1%), from €4,385 to €434
- Tax, wage and social debts -€2,344
down €2,344 (-32.7%), from €7,177 to €4,834
of which Taxes: -€2,522
- Current portion of long-term debt -€1,385
down €1,385 (-17.3%), from €8,000 to €6,615
- Gross operating margin +€11,290
up €11,290 (+419.4%), from €2,692 to €13,982
- Taxes +€8,232
up €8,232 (+3067.3%), from €268 to €8,501
- Staff costs +€3,419
up €3,419 (+172.3%), from €1,984 to €5,403
- Other operating charges +€1,579
up €1,579 (+244.6%), from €646 to €2,225
- Financial income -€1,246
down €1,246 (-100.0%), from €1,246 to €0
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 | €48,610 | €34,891 | -€13,719 | -28.2% |
| Fixed assets | 21/28 | €4,821 | €2,381 | -€2,440 | -50.6% |
| Tangible fixed assets | 22/27 | €4,821 | €2,381 | -€2,440 | -50.6% |
| Plant, machinery and equipment | 23 | €1,682 | €1,035 | -€647 | -38.5% |
| Furniture and vehicles | 24 | €3,140 | €1,346 | -€1,793 | -57.1% |
| Current assets | 29/58 | €43,789 | €32,510 | -€11,279 | -25.8% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €35,059 | €7,246 | -€27,813 | -79.3% |
| Trade receivables | 40 | €9,351 | €1,855 | -€7,496 | -80.2% |
| Other amounts receivable | 41 | €25,709 | €5,391 | -€20,317 | -79.0% |
| Cash at bank and in hand | 54/58 | €8,729 | €264 | -€8,465 | -97.0% |
| Total equity and liabilities | 10/49 | €48,610 | €34,891 | -€13,719 | -28.2% |
| Equity | 10/15 | €29,047 | €23,008 | -€6,039 | -20.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,047 | €3,008 | -€6,039 | -66.7% |
| Amounts payable | 17/49 | €19,563 | €11,883 | -€7,680 | -39.3% |
| Amounts payable within one year | 42/48 | €19,563 | €11,883 | -€7,680 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €6,615 | -€1,385 | -17.3% |
| Trade debts | 44 | €4,385 | €434 | -€3,951 | -90.1% |
| Suppliers | 440/4 | €4,385 | €434 | -€3,951 | -90.1% |
| Taxes, remuneration and social security | 45 | €7,177 | €4,834 | -€2,344 | -32.7% |
| Taxes | 450/3 | €7,177 | €4,656 | -€2,522 | -35.1% |
| Remuneration and social security | 454/9 | - | €178 | +€178 | |
| Remuneration, social security and pensions | 62 | €1,984 | €5,403 | +€3,419 | +172.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,387 | €2,440 | +€1,054 | +76.0% |
| Other operating charges | 640/8 | €646 | €2,225 | +€1,579 | +244.6% |
| Gross operating margin | 9900 | €2,692 | €13,982 | +€11,290 | +419.4% |
| Operating profit (loss) | 9901 | -€1,325 | €3,914 | +€5,238 | |
| Financial income | 75/76B | €1,246 | €0 | -€1,246 | -100.0% |
| Recurring financial income | 75 | €1,246 | €0 | -€1,246 | -100.0% |
| Financial charges | 65/66B | €1,114 | €1,452 | +€338 | +30.4% |
| Recurring financial charges | 65 | €1,114 | €1,452 | +€338 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,192 | €2,462 | +€3,654 | |
| Income taxes | 67/77 | €268 | €8,501 | +€8,232 | +3067.3% |
| Profit (loss) for the period | 9904 | -€1,461 | -€6,039 | -€4,579 | -313.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,461 | -€6,039 | -€4,579 | -313.5% |
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 5 October 2026 via checked.be.