AV Services: 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 Services
Largest movements
- Tangible fixed assets +€258,560
up €258,560 (+83.3%), from €310,330 to €568,890
of which Land and buildings: +€272,274
- Receivables after one year -€221,327
down €221,327 (-68.6%), from €322,434 to €101,107
- Receivables within one year +€96,511
up €96,511 (+160%), from €60,325 to €156,836
of which Other amounts receivable: +€96,511
- Financial fixed assets +€40,363
up €40,363 (+897%), from €4,500 to €44,863
- Deferred charges and accrued income +€24,504
up €24,504 (+575%), from €4,260 to €28,764
- Debts after one year +€174,949
up €174,949 (+84.8%), from €206,340 to €381,289
- Reserves +€61,977
up €61,977 (+8.3%), from €747,152 to €809,128
of which Tax-exempt reserves: +€42,100
- Tax, wage and social debts -€33,312
down €33,312 (-94.4%), from €35,296 to €1,983
- Financial income -€78,898
down €78,898 (-75.1%), from €105,098 to €26,200
of which Non-recurring financial income: -€79,036
- Gross operating margin +€76,462
up €76,462 (+93.9%), from €81,397 to €157,859
- Financial charges +€19,045
up €19,045 (+244%), from €7,806 to €26,851
of which Non-recurring financial charges: +€19,577
- Depreciation -€5,151
down €5,151 (-18.6%), from €27,730 to €22,578
- Taxes +€5,013
up €5,013 (+14.8%), from €33,829 to €38,842
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 | €1,050,117 | €1,259,898 | +€209,781 | +20.0% |
| Fixed assets | 21/28 | €314,830 | €613,753 | +€298,923 | +94.9% |
| Tangible fixed assets | 22/27 | €310,330 | €568,890 | +€258,560 | +83.3% |
| Land and buildings | 22 | €282,273 | €554,547 | +€272,274 | +96.5% |
| Plant, machinery and equipment | 23 | €251 | €0 | -€251 | -100% |
| Furniture and vehicles | 24 | €27,806 | €1,993 | -€25,813 | -92.8% |
| Assets under construction and advance payments | 27 | - | €12,350 | +€12,350 | |
| Financial fixed assets | 28 | €4,500 | €44,863 | +€40,363 | +897% |
| Current assets | 29/58 | €735,287 | €646,145 | -€89,142 | -12.1% |
| Amounts receivable after more than one year | 29 | €322,434 | €101,107 | -€221,327 | -68.6% |
| Other amounts receivable | 291 | €322,434 | €101,107 | -€221,327 | -68.6% |
| Amounts receivable within one year | 40/41 | €60,325 | €156,836 | +€96,511 | +160% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60,325 | €156,836 | +€96,511 | +160% |
| Current investments | 50/53 | €321,137 | €334,857 | +€13,720 | +4.3% |
| Cash at bank and in hand | 54/58 | €27,131 | €24,581 | -€2,550 | -9.4% |
| Deferred charges and accrued income | 490/1 | €4,260 | €28,764 | +€24,504 | +575% |
| Total equity and liabilities | 10/49 | €1,050,117 | €1,259,898 | +€209,781 | +20.0% |
| Equity | 10/15 | €751,097 | €813,074 | +€61,977 | +8.3% |
| Reserves | 13 | €747,152 | €809,128 | +€61,977 | +8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €745,292 | €765,168 | +€19,877 | +2.7% |
| Profit (loss) carried forward | 14 | €3,946 | €3,946 | = | 0.0% |
| Amounts payable | 17/49 | €299,020 | €446,825 | +€147,805 | +49.4% |
| Amounts payable after more than one year | 17 | €206,340 | €381,289 | +€174,949 | +84.8% |
| Financial debts | 170/4 | €206,340 | €381,289 | +€174,949 | +84.8% |
| Amounts payable within one year | 42/48 | €64,528 | €44,422 | -€20,106 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €21,574 | €23,904 | +€2,330 | +10.8% |
| Financial debts | 43 | €3,183 | €3,361 | +€179 | +5.6% |
| Credit institutions | 430/8 | €3,183 | €3,361 | +€179 | +5.6% |
| Trade debts | 44 | €3,717 | €5,173 | +€1,456 | +39.2% |
| Suppliers | 440/4 | €3,717 | €5,173 | +€1,456 | +39.2% |
| Taxes, remuneration and social security | 45 | €35,296 | €1,983 | -€33,312 | -94.4% |
| Taxes | 450/3 | €35,296 | €1,983 | -€33,312 | -94.4% |
| Other amounts payable | 47/48 | €758 | €10,000 | +€9,242 | +1,219% |
| Accrued charges and deferred income | 492/3 | €28,152 | €21,114 | -€7,038 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,730 | €22,578 | -€5,151 | -18.6% |
| Other operating charges | 640/8 | €1,454 | €5,066 | +€3,612 | +248% |
| Non-recurring operating charges | 66A | €7,423 | €0 | -€7,423 | -100% |
| Gross operating margin | 9900 | €81,397 | €157,859 | +€76,462 | +93.9% |
| Operating profit (loss) | 9901 | €44,791 | €130,215 | +€85,424 | +191% |
| Financial income | 75/76B | €105,098 | €26,200 | -€78,898 | -75.1% |
| Recurring financial income | 75 | €26,062 | €26,200 | +€138 | +0.5% |
| Non-recurring financial income | 76B | €79,036 | €0 | -€79,036 | -100% |
| Financial charges | 65/66B | €7,806 | €26,851 | +€19,045 | +244% |
| Recurring financial charges | 65 | €7,806 | €7,274 | -€532 | -6.8% |
| Non-recurring financial charges | 66B | - | €19,577 | +€19,577 | |
| Profit (loss) for the period before taxes | 9903 | €142,082 | €129,563 | -€12,519 | -8.8% |
| Income taxes | 67/77 | €33,829 | €38,842 | +€5,013 | +14.8% |
| Profit (loss) for the period | 9904 | €108,253 | €90,722 | -€17,532 | -16.2% |
| Transfer to tax-exempt reserves | 689 | - | €15,845 | +€15,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,253 | €74,877 | -€33,377 | -30.8% |
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 15 October 2026 via checked.be.