AV7: 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.
AV7
Largest movements
- Receivables within one year +€31,940
up €31,940 (+501%), from €6,371 to €38,311
of which Other amounts receivable: +€17,992
- Cash -€22,932
down €22,932 (-90.7%), from €25,285 to €2,353
mainly Receivables within one year (-€31,940) and Contributions, distributions and other (-€16,075)
- Tangible fixed assets -€12,755
down €12,755 (-81.3%), from €15,691 to €2,936
- Deferred charges and accrued income +€6,181
up €6,181 (+216%), from €2,862 to €9,043
- Trade debts +€8,907
up €8,907 (+562%), from €1,584 to €10,492
- Tax, wage and social debts -€6,150
down €6,150 (-45.1%), from €13,626 to €7,477
of which Taxes: -€4,350
- Gross operating margin -€19,738
down €19,738 (-35.0%), from €56,402 to €36,665
- Taxes -€4,964
down €4,964 (-49.7%), from €9,992 to €5,028
- Depreciation -€965
down €965 (-5.8%), from €16,667 to €15,702
- Financial income +€784
up €784 (+783,500%), from €0 to €784
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 | €50,209 | €52,643 | +€2,435 | +4.8% |
| Fixed assets | 21/28 | €15,691 | €2,936 | -€12,755 | -81.3% |
| Tangible fixed assets | 22/27 | €15,691 | €2,936 | -€12,755 | -81.3% |
| Furniture and vehicles | 24 | €15,691 | €2,936 | -€12,755 | -81.3% |
| Current assets | 29/58 | €34,518 | €49,707 | +€15,190 | +44.0% |
| Amounts receivable within one year | 40/41 | €6,371 | €38,311 | +€31,940 | +501% |
| Trade receivables | 40 | €3,014 | €16,962 | +€13,949 | +463% |
| Other amounts receivable | 41 | €3,357 | €21,349 | +€17,992 | +536% |
| Cash at bank and in hand | 54/58 | €25,285 | €2,353 | -€22,932 | -90.7% |
| Deferred charges and accrued income | 490/1 | €2,862 | €9,043 | +€6,181 | +216% |
| Total equity and liabilities | 10/49 | €50,209 | €52,643 | +€2,435 | +4.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €31,609 | €34,043 | +€2,435 | +7.7% |
| Amounts payable within one year | 42/48 | €31,609 | €34,043 | +€2,435 | +7.7% |
| Trade debts | 44 | €1,584 | €10,492 | +€8,907 | +562% |
| Suppliers | 440/4 | €1,584 | €10,492 | +€8,907 | +562% |
| Taxes, remuneration and social security | 45 | €13,626 | €7,477 | -€6,150 | -45.1% |
| Taxes | 450/3 | €8,676 | €4,327 | -€4,350 | -50.1% |
| Remuneration and social security | 454/9 | €4,950 | €3,150 | -€1,800 | -36.4% |
| Other amounts payable | 47/48 | €16,398 | €16,075 | -€323 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,667 | €15,702 | -€965 | -5.8% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €56,402 | €36,665 | -€19,738 | -35.0% |
| Operating profit (loss) | 9901 | €39,224 | €20,434 | -€18,790 | -47.9% |
| Financial income | 75/76B | €0 | €784 | +€784 | +783,500% |
| Recurring financial income | 75 | €0 | €784 | +€784 | +783,500% |
| Financial charges | 65/66B | €38 | €115 | +€77 | +204% |
| Recurring financial charges | 65 | €38 | €115 | +€77 | +204% |
| Profit (loss) for the period before taxes | 9903 | €39,187 | €21,103 | -€18,084 | -46.1% |
| Income taxes | 67/77 | €9,992 | €5,028 | -€4,964 | -49.7% |
| Profit (loss) for the period | 9904 | €29,194 | €16,075 | -€13,119 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,194 | €16,075 | -€13,119 | -44.9% |
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 24 October 2026 via checked.be.