AV SYSTEMS: 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 SYSTEMS
Largest movements
- Tangible fixed assets -€18,120
down €18,120 (-23.1%), from €78,439 to €60,319
of which Furniture and vehicles: -€21,683
- Receivables within one year +€10,881
up €10,881 (+99.9%), from €10,894 to €21,775
of which Other amounts receivable: +€11,875
- Cash -€1,428
down €1,428 (-70.2%), from €2,034 to €606
mainly Debts after one year (-€20,726) and Receivables within one year (-€10,881)
- Debts after one year -€20,726
down €20,726 (-36.5%), from €56,780 to €36,054
- Reserves +€7,789
up €7,789 (+30.5%), from €25,524 to €33,314
- Short-term financial debts +€4,124
up €4,124 (+19.0%), from €21,660 to €25,784
- Gross operating margin +€4,269
up €4,269 (+12.5%), from €34,223 to €38,492
- Depreciation +€2,909
up €2,909 (+14.4%), from €20,167 to €23,076
- Taxes -€707
down €707 (-14.0%), from €5,043 to €4,336
- Other operating charges -€638
down €638 (-40.1%), from €1,590 to €952
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 | €137,442 | €128,753 | -€8,689 | -6.3% |
| Fixed assets | 21/28 | €78,459 | €60,339 | -€18,120 | -23.1% |
| Tangible fixed assets | 22/27 | €78,439 | €60,319 | -€18,120 | -23.1% |
| Plant, machinery and equipment | 23 | €1,816 | €5,379 | +€3,563 | +196% |
| Furniture and vehicles | 24 | €76,623 | €54,940 | -€21,683 | -28.3% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €58,984 | €68,415 | +€9,431 | +16.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,894 | €21,775 | +€10,881 | +99.9% |
| Trade receivables | 40 | €9,863 | €8,869 | -€994 | -10.1% |
| Other amounts receivable | 41 | €1,031 | €12,906 | +€11,875 | +1,151% |
| Cash at bank and in hand | 54/58 | €2,034 | €606 | -€1,428 | -70.2% |
| Deferred charges and accrued income | 490/1 | €1,056 | €1,034 | -€22 | -2.1% |
| Total equity and liabilities | 10/49 | €137,442 | €128,753 | -€8,689 | -6.3% |
| Equity | 10/15 | €44,124 | €51,914 | +€7,789 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,524 | €33,314 | +€7,789 | +30.5% |
| Distributable reserves | 133 | €25,524 | €33,314 | +€7,789 | +30.5% |
| Amounts payable | 17/49 | €93,318 | €76,840 | -€16,478 | -17.7% |
| Amounts payable after more than one year | 17 | €56,780 | €36,054 | -€20,726 | -36.5% |
| Financial debts | 170/4 | €56,780 | €36,054 | -€20,726 | -36.5% |
| Amounts payable within one year | 42/48 | €36,538 | €40,786 | +€4,248 | +11.6% |
| Financial debts | 43 | €21,660 | €25,784 | +€4,124 | +19.0% |
| Credit institutions | 430/8 | €21,660 | €25,784 | +€4,124 | +19.0% |
| Trade debts | 44 | €10,862 | €10,877 | +€15 | +0.1% |
| Suppliers | 440/4 | €10,862 | €10,877 | +€15 | +0.1% |
| Taxes, remuneration and social security | 45 | €2,050 | €2,045 | -€5 | -0.2% |
| Taxes | 450/3 | €550 | €750 | +€200 | +36.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,295 | -€205 | -13.7% |
| Other amounts payable | 47/48 | €1,967 | €2,080 | +€113 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,167 | €23,076 | +€2,909 | +14.4% |
| Other operating charges | 640/8 | €1,590 | €952 | -€638 | -40.1% |
| Gross operating margin | 9900 | €34,223 | €38,492 | +€4,269 | +12.5% |
| Operating profit (loss) | 9901 | €12,466 | €14,464 | +€1,998 | +16.0% |
| Financial income | 75/76B | €1,460 | €1,241 | -€219 | -15.0% |
| Recurring financial income | 75 | €1,460 | €1,241 | -€219 | -15.0% |
| Financial charges | 65/66B | €1,666 | €1,979 | +€313 | +18.8% |
| Recurring financial charges | 65 | €1,666 | €1,979 | +€313 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €12,260 | €13,726 | +€1,466 | +12.0% |
| Income taxes | 67/77 | €5,043 | €4,336 | -€707 | -14.0% |
| Profit (loss) for the period | 9904 | €7,217 | €9,389 | +€2,172 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,217 | €9,389 | +€2,172 | +30.1% |
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 14 October 2026 via checked.be.