AVDH CONSULT: 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.
AVDH CONSULT
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year -€28,157
down €28,157 (-79.2%), from €35,565 to €7,408
of which Trade receivables: -€21,834
- Cash -€10,955
down €10,955 (-16.0%), from €68,485 to €57,530
mainly Other debts (-€171,352) and Contributions, distributions and other (-€45,700)
- Deferred charges and accrued income -€3,130
down €3,130 (-47.5%), from €6,590 to €3,460
- Other debts -€171,352
down €171,352 (-76.2%), from €224,807 to €53,455
- Tax, wage and social debts +€3,180
up €3,180 (+37.5%), from €8,470 to €11,650
- Gross operating margin +€6,999
up €6,999 (+14.0%), from €49,847 to €56,846
- Financial income +€2,938
up €2,938 (+172,821%), from €2 to €2,940
- Taxes +€1,750
up €1,750 (+16.6%), from €10,574 to €12,324
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 | €237,188 | €68,918 | -€168,270 | -70.9% |
| Fixed assets | 21/28 | €1,549 | €520 | -€1,029 | -66.4% |
| Tangible fixed assets | 22/27 | €1,549 | €520 | -€1,029 | -66.4% |
| Furniture and vehicles | 24 | €1,549 | €520 | -€1,029 | -66.4% |
| Current assets | 29/58 | €235,639 | €68,398 | -€167,241 | -71.0% |
| Amounts receivable within one year | 40/41 | €35,565 | €7,408 | -€28,157 | -79.2% |
| Trade receivables | 40 | €23,258 | €1,424 | -€21,834 | -93.9% |
| Other amounts receivable | 41 | €12,307 | €5,984 | -€6,323 | -51.4% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €68,485 | €57,530 | -€10,955 | -16.0% |
| Deferred charges and accrued income | 490/1 | €6,590 | €3,460 | -€3,130 | -47.5% |
| Total equity and liabilities | 10/49 | €237,188 | €68,918 | -€168,270 | -70.9% |
| Equity | 10/15 | €1,960 | €2,025 | +€65 | +3.3% |
| Contributions | 10/11 | €1,960 | €1,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €65 | +€65 | |
| Amounts payable | 17/49 | €235,228 | €66,893 | -€168,335 | -71.6% |
| Amounts payable within one year | 42/48 | €235,228 | €66,893 | -€168,335 | -71.6% |
| Trade debts | 44 | €1,951 | €1,788 | -€163 | -8.3% |
| Suppliers | 440/4 | €1,951 | €1,788 | -€163 | -8.3% |
| Taxes, remuneration and social security | 45 | €8,470 | €11,650 | +€3,180 | +37.5% |
| Taxes | 450/3 | €8,470 | €11,650 | +€3,180 | +37.5% |
| Other amounts payable | 47/48 | €224,807 | €53,455 | -€171,352 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €1,029 | -€22 | -2.1% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Gross operating margin | 9900 | €49,847 | €56,846 | +€6,999 | +14.0% |
| Operating profit (loss) | 9901 | €48,285 | €55,289 | +€7,004 | +14.5% |
| Financial income | 75/76B | €2 | €2,940 | +€2,938 | +172,821% |
| Recurring financial income | 75 | €2 | €2,940 | +€2,938 | +172,821% |
| Financial charges | 65/66B | €192 | €140 | -€52 | -27.0% |
| Recurring financial charges | 65 | €192 | €140 | -€52 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €48,095 | €58,089 | +€9,994 | +20.8% |
| Income taxes | 67/77 | €10,574 | €12,324 | +€1,750 | +16.6% |
| Profit (loss) for the period | 9904 | €37,521 | €45,765 | +€8,244 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,521 | €45,765 | +€8,244 | +22.0% |
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 21 October 2026 via checked.be.