AV2C MANAGEMENT: 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.
AV2C MANAGEMENT
Largest movements
- Receivables within one year +€45,790
up €45,790 (+13.4%), from €341,196 to €386,985
of which Trade receivables: +€30,767
- Cash -€10,581
down €10,581 (-86.7%), from €12,211 to €1,630
mainly Receivables within one year (-€45,790) and Tax, wage and social debts (-€25,112)
- Trade debts +€54,197
up €54,197 (+532%), from €10,188 to €64,385
- Tax, wage and social debts -€25,112
down €25,112 (-43.9%), from €57,216 to €32,104
of which Remuneration and social security: -€17,136
- Gross operating margin -€73,638
down €73,638 (-26.5%), from €277,998 to €204,360
- Taxes -€13,988
down €13,988 (-87.6%), from €15,976 to €1,988
- Staff costs +€11,006
up €11,006 (+5.9%), from €185,306 to €196,311
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 | €980,230 | €1,015,255 | +€35,025 | +3.6% |
| Fixed assets | 21/28 | €531,250 | €531,250 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €531,250 | €531,250 | = | 0.0% |
| Current assets | 29/58 | €448,980 | €484,005 | +€35,025 | +7.8% |
| Amounts receivable after more than one year | 29 | €93,750 | €93,750 | = | 0.0% |
| Trade receivables | 290 | €93,750 | €93,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €341,196 | €386,985 | +€45,790 | +13.4% |
| Trade receivables | 40 | €331,586 | €362,354 | +€30,767 | +9.3% |
| Other amounts receivable | 41 | €9,609 | €24,632 | +€15,022 | +156% |
| Cash at bank and in hand | 54/58 | €12,211 | €1,630 | -€10,581 | -86.7% |
| Deferred charges and accrued income | 490/1 | €1,823 | €1,639 | -€184 | -10.1% |
| Total equity and liabilities | 10/49 | €980,230 | €1,015,255 | +€35,025 | +3.6% |
| Equity | 10/15 | €658,676 | €660,416 | +€1,740 | +0.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €589,926 | €591,666 | +€1,740 | +0.3% |
| Amounts payable | 17/49 | €321,554 | €354,839 | +€33,285 | +10.4% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €181,554 | €214,839 | +€33,285 | +18.3% |
| Trade debts | 44 | €10,188 | €64,385 | +€54,197 | +532% |
| Suppliers | 440/4 | €10,188 | €64,385 | +€54,197 | +532% |
| Taxes, remuneration and social security | 45 | €57,216 | €32,104 | -€25,112 | -43.9% |
| Taxes | 450/3 | €24,766 | €16,790 | -€7,976 | -32.2% |
| Remuneration and social security | 454/9 | €32,450 | €15,313 | -€17,136 | -52.8% |
| Other amounts payable | 47/48 | €114,150 | €118,350 | +€4,200 | +3.7% |
| Remuneration, social security and pensions | 62 | €185,306 | €196,311 | +€11,006 | +5.9% |
| Gross operating margin | 9900 | €277,998 | €204,360 | -€73,638 | -26.5% |
| Operating profit (loss) | 9901 | €92,692 | €8,049 | -€84,643 | -91.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,269 | €4,321 | +€52 | +1.2% |
| Recurring financial charges | 65 | €4,269 | €4,321 | +€52 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €88,423 | €3,728 | -€84,695 | -95.8% |
| Income taxes | 67/77 | €15,976 | €1,988 | -€13,988 | -87.6% |
| Profit (loss) for the period | 9904 | €72,447 | €1,740 | -€70,707 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,447 | €1,740 | -€70,707 | -97.6% |
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.