AVH 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.
AVH CONSULT
Largest movements
- Tangible fixed assets +€93,931
up €93,931 (+61.2%), from €153,442 to €247,373
of which Land and buildings: +€94,984
- Current investments -€70,000
down €70,000 (-46.4%), from €150,976 to €80,976
- Receivables after one year +€55,221
up €55,221 (+55.2%), from €100,000 to €155,221
- Receivables within one year +€49,515
up €49,515 (+343%), from €14,437 to €63,952
- Cash -€36,108
down €36,108 (-72.9%), from €49,558 to €13,450
mainly Investment in fixed assets (net) (-€107,279) and Receivables after one year (-€55,221)
- Reserves +€70,677
up €70,677 (+22.2%), from €318,430 to €389,107
- Trade debts +€27,427
up €27,427 (+14,414%), from €190 to €27,617
- Depreciation +€8,546
up €8,546 (+178%), from €4,803 to €13,349
- Other operating charges -€5,213
down €5,213 (-92.9%), from €5,612 to €400
- Gross operating margin -€3,439
down €3,439 (-2.9%), from €117,226 to €113,787
- Financial income +€1,661
up €1,661 (+55.4%), from €3,000 to €4,661
- Taxes -€1,424
down €1,424 (-4.1%), from €34,605 to €33,182
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 | €472,038 | €569,253 | +€97,215 | +20.6% |
| Fixed assets | 21/28 | €153,442 | €247,373 | +€93,931 | +61.2% |
| Tangible fixed assets | 22/27 | €153,442 | €247,373 | +€93,931 | +61.2% |
| Land and buildings | 22 | €147,562 | €242,546 | +€94,984 | +64.4% |
| Plant, machinery and equipment | 23 | €4,607 | €4,274 | -€333 | -7.2% |
| Furniture and vehicles | 24 | €1,273 | €552 | -€721 | -56.6% |
| Current assets | 29/58 | €318,596 | €321,881 | +€3,284 | +1.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €155,221 | +€55,221 | +55.2% |
| Other amounts receivable | 291 | €100,000 | €155,221 | +€55,221 | +55.2% |
| Amounts receivable within one year | 40/41 | €14,437 | €63,952 | +€49,515 | +343% |
| Trade receivables | 40 | €14,437 | €63,952 | +€49,515 | +343% |
| Current investments | 50/53 | €150,976 | €80,976 | -€70,000 | -46.4% |
| Cash at bank and in hand | 54/58 | €49,558 | €13,450 | -€36,108 | -72.9% |
| Deferred charges and accrued income | 490/1 | €3,625 | €8,282 | +€4,657 | +128% |
| Total equity and liabilities | 10/49 | €472,038 | €569,253 | +€97,215 | +20.6% |
| Equity | 10/15 | €447,174 | €517,852 | +€70,677 | +15.8% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €318,430 | €389,107 | +€70,677 | +22.2% |
| Distributable reserves | 133 | €318,430 | €389,107 | +€70,677 | +22.2% |
| Profit (loss) carried forward | 14 | €128,345 | €128,345 | = | 0.0% |
| Amounts payable | 17/49 | €24,864 | €51,402 | +€26,538 | +107% |
| Amounts payable within one year | 42/48 | €24,506 | €50,848 | +€26,342 | +107% |
| Financial debts | 43 | €10,156 | €10,114 | -€43 | -0.4% |
| Credit institutions | 430/8 | €10,156 | €10,114 | -€43 | -0.4% |
| Trade debts | 44 | €190 | €27,617 | +€27,427 | +14,414% |
| Suppliers | 440/4 | €190 | €27,617 | +€27,427 | +14,414% |
| Taxes, remuneration and social security | 45 | €14,159 | €13,117 | -€1,042 | -7.4% |
| Taxes | 450/3 | €14,159 | €13,117 | -€1,042 | -7.4% |
| Accrued charges and deferred income | 492/3 | €358 | €554 | +€196 | +54.6% |
| Non-recurring operating income | 76A | €8,124 | €0 | -€8,124 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,803 | €13,349 | +€8,546 | +178% |
| Other operating charges | 640/8 | €5,612 | €400 | -€5,213 | -92.9% |
| Gross operating margin | 9900 | €117,226 | €113,787 | -€3,439 | -2.9% |
| Operating profit (loss) | 9901 | €106,811 | €100,038 | -€6,772 | -6.3% |
| Financial income | 75/76B | €3,000 | €4,661 | +€1,661 | +55.4% |
| Recurring financial income | 75 | €3,000 | €4,661 | +€1,661 | +55.4% |
| Financial charges | 65/66B | €1,257 | €840 | -€417 | -33.2% |
| Recurring financial charges | 65 | €1,257 | €840 | -€417 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €108,553 | €103,859 | -€4,694 | -4.3% |
| Income taxes | 67/77 | €34,605 | €33,182 | -€1,424 | -4.1% |
| Profit (loss) for the period | 9904 | €73,948 | €70,677 | -€3,270 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,948 | €70,677 | -€3,270 | -4.4% |
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 17 October 2026 via checked.be.