AV SIGN: 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 SIGN
Largest movements
- Tangible fixed assets -€25,257
down €25,257 (-12.6%), from €201,228 to €175,971
of which Land and buildings: -€13,653
- Deferred charges and accrued income +€10,551
new in 2025: €10,551
- Other debts +€20,776
up €20,776 (+43.3%), from €47,951 to €68,726
- Reserves -€14,642
down €14,642 (-5.7%), from €258,544 to €243,902
of which Distributable reserves: -€14,642
- Tax, wage and social debts -€9,832
down €9,832 (-42.5%), from €23,128 to €13,296
of which Taxes: -€6,173
- Debts after one year -€9,463
down €9,463 (-41.7%), from €22,695 to €13,232
- Gross operating margin -€8,087
down €8,087 (-16.0%), from €50,572 to €42,485
- Other operating charges -€6,200
down €6,200 (-47.8%), from €12,968 to €6,768
- Depreciation -€1,949
down €1,949 (-7.2%), from €27,206 to €25,257
- Taxes +€1,702
up €1,702 (+81.9%), from €2,078 to €3,781
- Financial charges -€1,530
down €1,530 (-42.7%), from €3,580 to €2,051
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 | €387,677 | €371,992 | -€15,686 | -4.0% |
| Fixed assets | 21/28 | €201,228 | €175,971 | -€25,257 | -12.6% |
| Tangible fixed assets | 22/27 | €201,228 | €175,971 | -€25,257 | -12.6% |
| Land and buildings | 22 | €163,938 | €150,286 | -€13,653 | -8.3% |
| Plant, machinery and equipment | 23 | €3,955 | €2,772 | -€1,183 | -29.9% |
| Furniture and vehicles | 24 | €33,335 | €22,913 | -€10,422 | -31.3% |
| Current assets | 29/58 | €186,449 | €196,020 | +€9,571 | +5.1% |
| Stocks and contracts in progress | 3 | €3,469 | €2,295 | -€1,174 | -33.8% |
| Stocks | 30/36 | €3,469 | €2,295 | -€1,174 | -33.8% |
| Amounts receivable within one year | 40/41 | €110,485 | €107,364 | -€3,121 | -2.8% |
| Trade receivables | 40 | €95,186 | €99,723 | +€4,536 | +4.8% |
| Other amounts receivable | 41 | €15,299 | €7,641 | -€7,657 | -50.1% |
| Cash at bank and in hand | 54/58 | €72,495 | €75,810 | +€3,315 | +4.6% |
| Deferred charges and accrued income | 490/1 | - | €10,551 | +€10,551 | |
| Total equity and liabilities | 10/49 | €387,677 | €371,992 | -€15,686 | -4.0% |
| Equity | 10/15 | €264,744 | €250,102 | -€14,642 | -5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,544 | €243,902 | -€14,642 | -5.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €256,684 | €242,042 | -€14,642 | -5.7% |
| Amounts payable | 17/49 | €122,933 | €121,890 | -€1,044 | -0.8% |
| Amounts payable after more than one year | 17 | €22,695 | €13,232 | -€9,463 | -41.7% |
| Financial debts | 170/4 | €22,695 | €13,232 | -€9,463 | -41.7% |
| Amounts payable within one year | 42/48 | €98,742 | €108,657 | +€9,915 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €9,084 | €9,463 | +€378 | +4.2% |
| Trade debts | 44 | €18,578 | €17,172 | -€1,406 | -7.6% |
| Suppliers | 440/4 | €18,578 | €17,172 | -€1,406 | -7.6% |
| Taxes, remuneration and social security | 45 | €23,128 | €13,296 | -€9,832 | -42.5% |
| Taxes | 450/3 | €19,463 | €13,290 | -€6,173 | -31.7% |
| Remuneration and social security | 454/9 | €3,666 | €7 | -€3,659 | -99.8% |
| Other amounts payable | 47/48 | €47,951 | €68,726 | +€20,776 | +43.3% |
| Accrued charges and deferred income | 492/3 | €1,497 | - | -€1,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,206 | €25,257 | -€1,949 | -7.2% |
| Other operating charges | 640/8 | €12,968 | €6,768 | -€6,200 | -47.8% |
| Gross operating margin | 9900 | €50,572 | €42,485 | -€8,087 | -16.0% |
| Operating profit (loss) | 9901 | €10,399 | €10,459 | +€61 | +0.6% |
| Financial income | 75/76B | €17 | €11 | -€6 | -37.4% |
| Recurring financial income | 75 | €17 | €11 | -€6 | -37.4% |
| Financial charges | 65/66B | €3,580 | €2,051 | -€1,530 | -42.7% |
| Recurring financial charges | 65 | €3,580 | €2,051 | -€1,530 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €6,835 | €8,420 | +€1,584 | +23.2% |
| Income taxes | 67/77 | €2,078 | €3,781 | +€1,702 | +81.9% |
| Profit (loss) for the period | 9904 | €4,757 | €4,639 | -€118 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,757 | €4,639 | -€118 | -2.5% |
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 19 October 2026 via checked.be.