AVS 1988: 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.
AVS 1988
Largest movements
- Cash -€19,004
down €19,004 (-19.2%), from €99,196 to €80,193
mainly Net result for the year (-€21,435) and Receivables after one year (-€11,500)
- Tangible fixed assets -€12,020
down €12,020 (-22.7%), from €52,953 to €40,933
- Receivables after one year +€11,500
new in 2025: €11,500
- Receivables within one year -€2,582
down €2,582 (-43.0%), from €5,999 to €3,417
of which Other amounts receivable: -€2,023
- Profit (loss) carried forward -€21,435
down €21,435 (-44.3%), from -€48,345 to -€69,780
- Depreciation +€4,874
up €4,874 (+68.2%), from €7,146 to €12,020
- Other operating charges -€4,076
down €4,076 (-84.0%), from €4,851 to €776
- Gross operating margin -€2,872
down €2,872 (-49.1%), from -€5,847 to -€8,718
- Financial income -€1,684
down €1,684 (-80.1%), from €2,102 to €418
- Financial charges -€1,158
down €1,158 (-89.2%), from €1,298 to €140
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 | €158,872 | €136,814 | -€22,058 | -13.9% |
| Fixed assets | 21/28 | €52,953 | €40,933 | -€12,020 | -22.7% |
| Tangible fixed assets | 22/27 | €52,953 | €40,933 | -€12,020 | -22.7% |
| Furniture and vehicles | 24 | €52,953 | €40,933 | -€12,020 | -22.7% |
| Current assets | 29/58 | €105,919 | €95,881 | -€10,038 | -9.5% |
| Amounts receivable after more than one year | 29 | - | €11,500 | +€11,500 | |
| Other amounts receivable | 291 | - | €11,500 | +€11,500 | |
| Amounts receivable within one year | 40/41 | €5,999 | €3,417 | -€2,582 | -43.0% |
| Trade receivables | 40 | €2,550 | €1,991 | -€560 | -21.9% |
| Other amounts receivable | 41 | €3,449 | €1,426 | -€2,023 | -58.6% |
| Cash at bank and in hand | 54/58 | €99,196 | €80,193 | -€19,004 | -19.2% |
| Deferred charges and accrued income | 490/1 | €723 | €771 | +€48 | +6.6% |
| Total equity and liabilities | 10/49 | €158,872 | €136,814 | -€22,058 | -13.9% |
| Equity | 10/15 | €149,556 | €128,120 | -€21,435 | -14.3% |
| Contributions | 10/11 | €90,481 | €90,481 | = | 0.0% |
| Reserves | 13 | €107,419 | €107,419 | = | 0.0% |
| Tax-exempt reserves | 132 | €79 | €79 | = | 0.0% |
| Distributable reserves | 133 | €107,340 | €107,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,345 | -€69,780 | -€21,435 | -44.3% |
| Amounts payable | 17/49 | €9,316 | €8,694 | -€623 | -6.7% |
| Amounts payable within one year | 42/48 | €9,316 | €8,694 | -€623 | -6.7% |
| Trade debts | 44 | €6,249 | €6,297 | +€48 | +0.8% |
| Suppliers | 440/4 | €6,249 | €6,297 | +€48 | +0.8% |
| Taxes, remuneration and social security | 45 | €3,068 | €2,397 | -€671 | -21.9% |
| Taxes | 450/3 | €2,368 | €2,397 | +€29 | +1.2% |
| Remuneration and social security | 454/9 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,146 | €12,020 | +€4,874 | +68.2% |
| Other operating charges | 640/8 | €4,851 | €776 | -€4,076 | -84.0% |
| Gross operating margin | 9900 | -€5,847 | -€8,718 | -€2,872 | -49.1% |
| Operating profit (loss) | 9901 | -€17,844 | -€21,514 | -€3,670 | -20.6% |
| Financial income | 75/76B | €2,102 | €418 | -€1,684 | -80.1% |
| Recurring financial income | 75 | €2,102 | €418 | -€1,684 | -80.1% |
| Financial charges | 65/66B | €1,298 | €140 | -€1,158 | -89.2% |
| Recurring financial charges | 65 | €1,298 | €140 | -€1,158 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,040 | -€21,236 | -€4,196 | -24.6% |
| Income taxes | 67/77 | €182 | €199 | +€18 | +9.8% |
| Profit (loss) for the period | 9904 | -€17,222 | -€21,435 | -€4,214 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,222 | -€21,435 | -€4,214 | -24.5% |
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 1 November 2026 via checked.be.