AV SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€32,353
up €32,353 (+124.0%), from €26,085 to €58,438
of which Trade receivables: +€25,987
- Cash -€29,074
down €29,074 (-28.9%), from €100,524 to €71,450
mainly Other debts (-€60,188) and Receivables within one year (-€32,353)
- Stocks and contracts -€5,943
down €5,943 (-22.8%), from €26,037 to €20,094
- Other debts -€60,188
down €60,188 (-99.8%), from €60,319 to €132
- Profit (loss) carried forward +€24,231
up €24,231 (+60.5%), from €40,031 to €64,262
- Trade debts +€15,327
up €15,327 (+103.7%), from €14,780 to €30,107
- Debts after one year +€12,500
up €12,500 (+62.5%), from €20,000 to €32,500
- Tax, wage and social debts +€4,651
up €4,651 (+81.7%), from €5,695 to €10,347
- Gross operating margin +€5,593
up €5,593 (+16.6%), from €33,706 to €39,299
- Taxes +€1,098
up €1,098 (+11.7%), from €9,424 to €10,522
- Other operating charges +€1,086
up €1,086 (+109.4%), from €992 to €2,078
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 | €163,568 | €161,502 | -€2,065 | -1.3% |
| Fixed assets | 21/28 | €9,732 | €9,506 | -€226 | -2.3% |
| Tangible fixed assets | 22/27 | €2,232 | €2,006 | -€226 | -10.1% |
| Plant, machinery and equipment | 23 | €1,874 | €925 | -€948 | -50.6% |
| Furniture and vehicles | 24 | €358 | €1,081 | +€722 | +201.5% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €153,835 | €151,996 | -€1,839 | -1.2% |
| Stocks and contracts in progress | 3 | €26,037 | €20,094 | -€5,943 | -22.8% |
| Stocks | 30/36 | €26,037 | €20,094 | -€5,943 | -22.8% |
| Amounts receivable within one year | 40/41 | €26,085 | €58,438 | +€32,353 | +124.0% |
| Trade receivables | 40 | €20,169 | €46,155 | +€25,987 | +128.8% |
| Other amounts receivable | 41 | €5,917 | €12,283 | +€6,366 | +107.6% |
| Current investments | 50/53 | €620 | €620 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,524 | €71,450 | -€29,074 | -28.9% |
| Deferred charges and accrued income | 490/1 | €569 | €1,394 | +€825 | +145.1% |
| Total equity and liabilities | 10/49 | €163,568 | €161,502 | -€2,065 | -1.3% |
| Equity | 10/15 | €61,955 | €86,186 | +€24,231 | +39.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,924 | €1,924 | = | 0.0% |
| Distributable reserves | 133 | €1,924 | €1,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,031 | €64,262 | +€24,231 | +60.5% |
| Amounts payable | 17/49 | €101,612 | €75,316 | -€26,296 | -25.9% |
| Amounts payable after more than one year | 17 | €20,000 | €32,500 | +€12,500 | +62.5% |
| Financial debts | 170/4 | €20,000 | €32,500 | +€12,500 | +62.5% |
| Amounts payable within one year | 42/48 | €81,612 | €41,216 | -€40,397 | -49.5% |
| Financial debts | 43 | €818 | €630 | -€188 | -22.9% |
| Credit institutions | 430/8 | €818 | €630 | -€188 | -22.9% |
| Trade debts | 44 | €14,780 | €30,107 | +€15,327 | +103.7% |
| Suppliers | 440/4 | €14,780 | €30,107 | +€15,327 | +103.7% |
| Taxes, remuneration and social security | 45 | €5,695 | €10,347 | +€4,651 | +81.7% |
| Taxes | 450/3 | €5,695 | €10,347 | +€4,651 | +81.7% |
| Other amounts payable | 47/48 | €60,319 | €132 | -€60,188 | -99.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,345 | €1,340 | -€5 | -0.3% |
| Other operating charges | 640/8 | €992 | €2,078 | +€1,086 | +109.4% |
| Gross operating margin | 9900 | €33,706 | €39,299 | +€5,593 | +16.6% |
| Operating profit (loss) | 9901 | €31,369 | €35,881 | +€4,512 | +14.4% |
| Financial income | 75/76B | €588 | €688 | +€100 | +17.0% |
| Recurring financial income | 75 | €588 | €688 | +€100 | +17.0% |
| Financial charges | 65/66B | €1,697 | €1,815 | +€119 | +7.0% |
| Recurring financial charges | 65 | €1,697 | €1,815 | +€119 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €30,260 | €34,753 | +€4,493 | +14.8% |
| Income taxes | 67/77 | €9,424 | €10,522 | +€1,098 | +11.7% |
| Profit (loss) for the period | 9904 | €20,836 | €24,231 | +€3,395 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,836 | €24,231 | +€3,395 | +16.3% |
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 7 October 2026 via checked.be.