AV Side: what changed
AV Side
Largest movements
- Receivables within one year +€1,990
up €1,990 (+29.0%), from €6,855 to €8,845
of which Trade receivables: +€7,735
- Tangible fixed assets -€894
down €894 (-2.8%), from €32,349 to €31,455
of which Furniture and vehicles: -€32,179
- Cash -€611
down €611 (-30.9%), from €1,980 to €1,369
mainly Investment in fixed assets (net) (-€13,476) and Debts after one year (-€9,747)
- Debts after one year -€9,747
down €9,747 (-72.8%), from €13,391 to €3,644
- Profit (loss) carried forward +€4,445
up €4,445 (+837%), from €531 to €4,976
- Current portion of long-term debt +€4,169
up €4,169 (+30.0%), from €13,882 to €18,051
- Tax, wage and social debts +€1,634
new in 2025: €1,634
- Gross operating margin +€11,198
up €11,198 (+98.3%), from €11,388 to €22,586
- Taxes +€1,490
new in 2025: €1,490
- Depreciation +€1,472
up €1,472 (+11.4%), from €12,898 to €14,370
- Financial charges +€1,396
up €1,396 (+1,258%), from €111 to €1,507
- Other operating charges +€390
up €390 (+102%), from €384 to €774
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,184 | €41,669 | +€485 | +1.2% |
| Fixed assets | 21/28 | €32,349 | €31,455 | -€894 | -2.8% |
| Tangible fixed assets | 22/27 | €32,349 | €31,455 | -€894 | -2.8% |
| Plant, machinery and equipment | 23 | - | €31,285 | +€31,285 | |
| Furniture and vehicles | 24 | €32,349 | €170 | -€32,179 | -99.5% |
| Current assets | 29/58 | €8,835 | €10,214 | +€1,379 | +15.6% |
| Amounts receivable within one year | 40/41 | €6,855 | €8,845 | +€1,990 | +29.0% |
| Trade receivables | 40 | €1,110 | €8,845 | +€7,735 | +697% |
| Other amounts receivable | 41 | €5,745 | - | -€5,745 | |
| Cash at bank and in hand | 54/58 | €1,980 | €1,369 | -€611 | -30.9% |
| Total equity and liabilities | 10/49 | €41,184 | €41,669 | +€485 | +1.2% |
| Equity | 10/15 | €1,381 | €5,826 | +€4,445 | +322% |
| Contributions | 10/11 | €850 | €850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €531 | €4,976 | +€4,445 | +837% |
| Amounts payable | 17/49 | €39,803 | €35,843 | -€3,960 | -9.9% |
| Amounts payable after more than one year | 17 | €13,391 | €3,644 | -€9,747 | -72.8% |
| Financial debts | 170/4 | €13,391 | €3,644 | -€9,747 | -72.8% |
| Amounts payable within one year | 42/48 | €26,412 | €32,199 | +€5,787 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €13,882 | €18,051 | +€4,169 | +30.0% |
| Trade debts | 44 | €12,530 | €12,514 | -€16 | -0.1% |
| Suppliers | 440/4 | €12,530 | €12,514 | -€16 | -0.1% |
| Taxes, remuneration and social security | 45 | - | €1,634 | +€1,634 | |
| Taxes | 450/3 | - | €1,634 | +€1,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,898 | €14,370 | +€1,472 | +11.4% |
| Other operating charges | 640/8 | €384 | €774 | +€390 | +102% |
| Gross operating margin | 9900 | €11,388 | €22,586 | +€11,198 | +98.3% |
| Operating profit (loss) | 9901 | -€1,894 | €7,442 | +€9,336 | |
| Financial charges | 65/66B | €111 | €1,507 | +€1,396 | +1,258% |
| Recurring financial charges | 65 | €111 | €1,507 | +€1,396 | +1,258% |
| Profit (loss) for the period before taxes | 9903 | -€2,005 | €5,935 | +€7,940 | |
| Income taxes | 67/77 | - | €1,490 | +€1,490 | |
| Profit (loss) for the period | 9904 | -€2,005 | €4,445 | +€6,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,005 | €4,445 | +€6,450 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.