AV9: 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.
AV9
Largest movements
- Cash +€49,260
up €49,260 (+326.4%), from €15,090 to €64,349
mainly Net result for the year (+€50,682)
- Reserves +€50,682
up €50,682 (+532.6%), from €9,516 to €60,198
- Gross operating margin +€55,531
up €55,531 (+462.3%), from €12,011 to €67,542
- Taxes +€11,677
up €11,677 (+467.1%), from €2,500 to €14,177
- Other operating charges +€2,575
new in 2025: €2,575
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.
Cash bridge derived
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 | €15,090 | €65,052 | +€49,962 | +331.1% |
| Current assets | 29/58 | €15,090 | €65,052 | +€49,962 | +331.1% |
| Amounts receivable within one year | 40/41 | - | €294 | +€294 | |
| Other amounts receivable | 41 | - | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €15,090 | €64,349 | +€49,260 | +326.4% |
| Deferred charges and accrued income | 490/1 | - | €408 | +€408 | |
| Total equity and liabilities | 10/49 | €15,090 | €65,052 | +€49,962 | +331.1% |
| Equity | 10/15 | €12,016 | €62,698 | +€50,682 | +421.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,516 | €60,198 | +€50,682 | +532.6% |
| Distributable reserves | 133 | €9,516 | €60,198 | +€50,682 | +532.6% |
| Amounts payable | 17/49 | €3,074 | €2,354 | -€720 | -23.4% |
| Amounts payable within one year | 42/48 | €3,074 | €2,354 | -€720 | -23.4% |
| Trade debts | 44 | €574 | €354 | -€220 | -38.4% |
| Suppliers | 440/4 | €574 | €354 | -€220 | -38.4% |
| Taxes, remuneration and social security | 45 | €2,500 | €2,000 | -€500 | -20.0% |
| Taxes | 450/3 | €2,500 | €2,000 | -€500 | -20.0% |
| Other operating charges | 640/8 | - | €2,575 | +€2,575 | |
| Gross operating margin | 9900 | €12,011 | €67,542 | +€55,531 | +462.3% |
| Operating profit (loss) | 9901 | €12,011 | €64,967 | +€52,956 | +440.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | -€5 | €116 | +€121 | |
| Recurring financial charges | 65 | -€5 | €116 | +€121 | |
| Profit (loss) for the period before taxes | 9903 | €12,016 | €64,859 | +€52,843 | +439.8% |
| Income taxes | 67/77 | €2,500 | €14,177 | +€11,677 | +467.1% |
| Profit (loss) for the period | 9904 | €9,516 | €50,682 | +€41,166 | +432.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,516 | €50,682 | +€41,166 | +432.6% |
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 10 October 2026 via checked.be.