AVG CONSULTING: what changed
AVG CONSULTING
Largest movements
- Tangible fixed assets -€19,981
down €19,981 (-11.5%), from €173,525 to €153,544
of which Land and buildings: -€13,357
- Cash -€6,767
down €6,767 (-21.3%), from €31,840 to €25,073
mainly Trade debts (-€27,466) and Current portion of long-term debt (-€18,611)
- Receivables within one year -€5,433
down €5,433 (-5.0%), from €108,317 to €102,884
of which Trade receivables: -€8,191
- Profit (loss) carried forward +€29,956
up €29,956 (+167%), from €17,943 to €47,899
- Trade debts -€27,466
down €27,466 (-43.9%), from €62,500 to €35,034
- Current portion of long-term debt -€18,611
down €18,611 (-57.5%), from €32,369 to €13,758
- Debts after one year -€12,708
down €12,708 (-8.4%), from €151,068 to €138,360
- Tax, wage and social debts -€4,113
down €4,113 (-9.8%), from €42,027 to €37,914
of which Remuneration and social security: -€8,433
- Staff costs -€40,217
down €40,217 (-18.5%), from €217,503 to €177,286
- Gross operating margin +€38,918
up €38,918 (+18.7%), from €208,156 to €247,073
- Write-downs +€3,100
new in 2025: €3,100
- Financial charges +€2,966
up €2,966 (+42.5%), from €6,978 to €9,943
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,193 | €285,276 | -€33,916 | -10.6% |
| Fixed assets | 21/28 | €173,569 | €153,588 | -€19,981 | -11.5% |
| Tangible fixed assets | 22/27 | €173,525 | €153,544 | -€19,981 | -11.5% |
| Land and buildings | 22 | €160,127 | €146,770 | -€13,357 | -8.3% |
| Plant, machinery and equipment | 23 | €2,695 | €4,105 | +€1,410 | +52.3% |
| Furniture and vehicles | 24 | €10,703 | €2,669 | -€8,034 | -75.1% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €145,624 | €131,688 | -€13,935 | -9.6% |
| Amounts receivable within one year | 40/41 | €108,317 | €102,884 | -€5,433 | -5.0% |
| Trade receivables | 40 | €102,611 | €94,420 | -€8,191 | -8.0% |
| Other amounts receivable | 41 | €5,706 | €8,464 | +€2,758 | +48.3% |
| Cash at bank and in hand | 54/58 | €31,840 | €25,073 | -€6,767 | -21.3% |
| Deferred charges and accrued income | 490/1 | €5,467 | €3,732 | -€1,735 | -31.7% |
| Total equity and liabilities | 10/49 | €319,193 | €285,276 | -€33,916 | -10.6% |
| Equity | 10/15 | €28,716 | €58,672 | +€29,956 | +104% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,573 | €4,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,713 | €2,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,943 | €47,899 | +€29,956 | +167% |
| Amounts payable | 17/49 | €290,476 | €226,604 | -€63,872 | -22.0% |
| Amounts payable after more than one year | 17 | €151,068 | €138,360 | -€12,708 | -8.4% |
| Financial debts | 170/4 | €151,068 | €138,360 | -€12,708 | -8.4% |
| Amounts payable within one year | 42/48 | €139,192 | €88,044 | -€51,148 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €32,369 | €13,758 | -€18,611 | -57.5% |
| Trade debts | 44 | €62,500 | €35,034 | -€27,466 | -43.9% |
| Suppliers | 440/4 | €62,500 | €35,034 | -€27,466 | -43.9% |
| Taxes, remuneration and social security | 45 | €42,027 | €37,914 | -€4,113 | -9.8% |
| Taxes | 450/3 | €12,374 | €16,694 | +€4,320 | +34.9% |
| Remuneration and social security | 454/9 | €29,653 | €21,220 | -€8,433 | -28.4% |
| Other amounts payable | 47/48 | €2,295 | €1,337 | -€958 | -41.7% |
| Accrued charges and deferred income | 492/3 | €217 | €200 | -€16 | -7.6% |
| Non-recurring operating income | 76A | €6,335 | - | -€6,335 | |
| Remuneration, social security and pensions | 62 | €217,503 | €177,286 | -€40,217 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,797 | €23,140 | +€343 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,100 | +€3,100 | |
| Other operating charges | 640/8 | €1,654 | €3,321 | +€1,667 | +101% |
| Gross operating margin | 9900 | €208,156 | €247,073 | +€38,918 | +18.7% |
| Operating profit (loss) | 9901 | -€33,799 | €40,226 | +€74,025 | |
| Financial income | 75/76B | €100 | €3 | -€97 | -97.0% |
| Recurring financial income | 75 | €100 | €3 | -€97 | -97.0% |
| Financial charges | 65/66B | €6,978 | €9,943 | +€2,966 | +42.5% |
| Recurring financial charges | 65 | €6,978 | €9,943 | +€2,966 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,676 | €30,286 | +€70,962 | |
| Income taxes | 67/77 | €300 | €330 | +€30 | +10.0% |
| Profit (loss) for the period | 9904 | -€40,976 | €29,956 | +€70,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,976 | €29,956 | +€70,932 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.