AV SECURITY: 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 SECURITY
Largest movements
- Cash +€30,741
up €30,741 (+187%), from €16,397 to €47,138
mainly Net result for the year (+€24,996) and Depreciation (+€8,592)
- Receivables within one year -€7,133
down €7,133 (-13.1%), from €54,613 to €47,480
of which Trade receivables: -€9,828
- Tangible fixed assets -€6,494
down €6,494 (-29.3%), from €22,156 to €15,662
of which Furniture and vehicles: -€5,140
- Profit (loss) carried forward +€24,996
up €24,996 (+47.0%), from €53,210 to €78,206
- Trade debts -€10,512
down €10,512 (-46.3%), from €22,707 to €12,195
- Debts after one year -€6,197
down €6,197 (-48.4%), from €12,796 to €6,599
- Tax, wage and social debts +€6,171
up €6,171 (+507%), from €1,217 to €7,387
- Other debts +€3,393
up €3,393 (+422%), from €805 to €4,198
- Gross operating margin +€17,228
up €17,228 (+50.2%), from €34,308 to €51,536
- Taxes +€8,287
up €8,287 (+225%), from €3,687 to €11,974
- Other operating charges -€3,044
down €3,044 (-78.7%), from €3,868 to €824
- Staff costs -€2,718
no longer reported in 2025 (was €2,718)
- Depreciation -€871
down €871 (-9.2%), from €9,463 to €8,592
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 | €108,613 | €126,328 | +€17,715 | +16.3% |
| Fixed assets | 21/28 | €22,206 | €15,712 | -€6,494 | -29.2% |
| Tangible fixed assets | 22/27 | €22,156 | €15,662 | -€6,494 | -29.3% |
| Plant, machinery and equipment | 23 | €2,148 | €795 | -€1,353 | -63.0% |
| Furniture and vehicles | 24 | €20,007 | €14,867 | -€5,140 | -25.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €86,408 | €110,616 | +€24,208 | +28.0% |
| Stocks and contracts in progress | 3 | €15,257 | €15,257 | = | 0.0% |
| Stocks | 30/36 | €15,257 | €15,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,613 | €47,480 | -€7,133 | -13.1% |
| Trade receivables | 40 | €26,494 | €16,666 | -€9,828 | -37.1% |
| Other amounts receivable | 41 | €28,119 | €30,813 | +€2,695 | +9.6% |
| Cash at bank and in hand | 54/58 | €16,397 | €47,138 | +€30,741 | +187% |
| Deferred charges and accrued income | 490/1 | €141 | €741 | +€600 | +427% |
| Total equity and liabilities | 10/49 | €108,613 | €126,328 | +€17,715 | +16.3% |
| Equity | 10/15 | €61,270 | €86,266 | +€24,996 | +40.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,210 | €78,206 | +€24,996 | +47.0% |
| Amounts payable | 17/49 | €47,343 | €40,062 | -€7,281 | -15.4% |
| Amounts payable after more than one year | 17 | €12,796 | €6,599 | -€6,197 | -48.4% |
| Financial debts | 170/4 | €12,796 | €6,599 | -€6,197 | -48.4% |
| Amounts payable within one year | 42/48 | €34,547 | €33,463 | -€1,085 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,819 | €9,682 | -€137 | -1.4% |
| Trade debts | 44 | €22,707 | €12,195 | -€10,512 | -46.3% |
| Suppliers | 440/4 | €22,707 | €12,195 | -€10,512 | -46.3% |
| Taxes, remuneration and social security | 45 | €1,217 | €7,387 | +€6,171 | +507% |
| Taxes | 450/3 | €1,217 | €7,387 | +€6,171 | +507% |
| Other amounts payable | 47/48 | €805 | €4,198 | +€3,393 | +422% |
| Remuneration, social security and pensions | 62 | €2,718 | - | -€2,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,463 | €8,592 | -€871 | -9.2% |
| Other operating charges | 640/8 | €3,868 | €824 | -€3,044 | -78.7% |
| Gross operating margin | 9900 | €34,308 | €51,536 | +€17,228 | +50.2% |
| Operating profit (loss) | 9901 | €18,260 | €42,120 | +€23,860 | +131% |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €5,106 | €5,362 | +€257 | +5.0% |
| Recurring financial charges | 65 | €5,106 | €5,362 | +€257 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €13,154 | €36,970 | +€23,816 | +181% |
| Income taxes | 67/77 | €3,687 | €11,974 | +€8,287 | +225% |
| Profit (loss) for the period | 9904 | €9,467 | €24,996 | +€15,529 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €9,467 | €24,996 | +€15,529 | +164% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.