AVG Financial Services: 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.
AVG Financial Services
Largest movements
- Receivables within one year -€93,125
down €93,125 (-94.4%), from €98,616 to €5,490
- Receivables after one year +€75,000
up €75,000 (+37.5%), from €200,000 to €275,000
- Cash -€59,675
down €59,675 (-71.1%), from €83,964 to €24,289
mainly Tax, wage and social debts (-€82,993) and Receivables after one year (-€75,000)
- Tax, wage and social debts -€82,993
down €82,993 (-97.6%), from €85,043 to €2,050
- Profit (loss) carried forward +€10,241
up €10,241 (+86.4%), from -€11,854 to -€1,613
- Trade debts -€5,047
down €5,047 (-40.4%), from €12,495 to €7,448
- Gross operating margin +€21,157
up €21,157, from -€13,162 to €7,995
- Other operating charges -€4,759
down €4,759 (-82.7%), from €5,754 to €995
- Financial income -€2,230
down €2,230 (-28.8%), from €7,730 to €5,500
- Taxes +€1,554
up €1,554 (+461%), from €337 to €1,891
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 | €382,579 | €304,779 | -€77,800 | -20.3% |
| Current assets | 29/58 | €382,579 | €304,779 | -€77,800 | -20.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €275,000 | +€75,000 | +37.5% |
| Other amounts receivable | 291 | €200,000 | €275,000 | +€75,000 | +37.5% |
| Amounts receivable within one year | 40/41 | €98,616 | €5,490 | -€93,125 | -94.4% |
| Other amounts receivable | 41 | €98,616 | €5,490 | -€93,125 | -94.4% |
| Cash at bank and in hand | 54/58 | €83,964 | €24,289 | -€59,675 | -71.1% |
| Total equity and liabilities | 10/49 | €382,579 | €304,779 | -€77,800 | -20.3% |
| Equity | 10/15 | €285,041 | €295,282 | +€10,241 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €278,295 | €278,295 | = | 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 | €276,435 | €276,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,854 | -€1,613 | +€10,241 | +86.4% |
| Amounts payable | 17/49 | €97,538 | €9,498 | -€88,041 | -90.3% |
| Amounts payable within one year | 42/48 | €97,538 | €9,498 | -€88,041 | -90.3% |
| Trade debts | 44 | €12,495 | €7,448 | -€5,047 | -40.4% |
| Suppliers | 440/4 | €12,495 | €7,448 | -€5,047 | -40.4% |
| Taxes, remuneration and social security | 45 | €85,043 | €2,050 | -€82,993 | -97.6% |
| Taxes | 450/3 | €85,043 | €2,050 | -€82,993 | -97.6% |
| Other operating charges | 640/8 | €5,754 | €995 | -€4,759 | -82.7% |
| Gross operating margin | 9900 | -€13,162 | €7,995 | +€21,157 | |
| Operating profit (loss) | 9901 | -€18,916 | €7,000 | +€25,915 | |
| Financial income | 75/76B | €7,730 | €5,500 | -€2,230 | -28.8% |
| Recurring financial income | 75 | €7,730 | €5,500 | -€2,230 | -28.8% |
| Financial charges | 65/66B | €331 | €367 | +€37 | +11.2% |
| Recurring financial charges | 65 | €331 | €367 | +€37 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,517 | €12,132 | +€23,649 | |
| Income taxes | 67/77 | €337 | €1,891 | +€1,554 | +461% |
| Profit (loss) for the period | 9904 | -€11,854 | €10,241 | +€22,095 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,854 | €10,241 | +€22,095 |
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.