AVS Expertise: 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 Expertise
Largest movements
- Cash +€14,831
up €14,831 (+150%), from €9,875 to €24,705
mainly Net result for the year (+€30,882) and Receivables within one year (+€4,195)
- Receivables within one year -€4,195
down €4,195 (-11.3%), from €37,049 to €32,855
- Profit (loss) carried forward +€15,882
up €15,882 (+66.2%), from €23,992 to €39,874
- Tax, wage and social debts -€5,014
down €5,014 (-26.3%), from €19,067 to €14,052
- Trade debts -€1,176
down €1,176 (-87.4%), from €1,345 to €169
- Other debts +€712
up €712 (+188%), from €380 to €1,091
- Gross operating margin +€8,916
up €8,916 (+26.4%), from €33,771 to €42,686
- Taxes +€2,012
up €2,012 (+25.8%), from €7,807 to €9,820
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 | €47,783 | €58,187 | +€10,403 | +21.8% |
| Current assets | 29/58 | €47,783 | €58,187 | +€10,403 | +21.8% |
| Amounts receivable within one year | 40/41 | €37,049 | €32,855 | -€4,195 | -11.3% |
| Trade receivables | 40 | €37,049 | €32,855 | -€4,195 | -11.3% |
| Cash at bank and in hand | 54/58 | €9,875 | €24,705 | +€14,831 | +150% |
| Deferred charges and accrued income | 490/1 | €859 | €626 | -€233 | -27.1% |
| Total equity and liabilities | 10/49 | €47,783 | €58,187 | +€10,403 | +21.8% |
| Equity | 10/15 | €26,992 | €42,874 | +€15,882 | +58.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,992 | €39,874 | +€15,882 | +66.2% |
| Amounts payable | 17/49 | €20,791 | €15,313 | -€5,479 | -26.4% |
| Amounts payable within one year | 42/48 | €20,791 | €15,313 | -€5,479 | -26.4% |
| Trade debts | 44 | €1,345 | €169 | -€1,176 | -87.4% |
| Suppliers | 440/4 | €1,345 | €169 | -€1,176 | -87.4% |
| Taxes, remuneration and social security | 45 | €19,067 | €14,052 | -€5,014 | -26.3% |
| Taxes | 450/3 | €19,067 | €14,052 | -€5,014 | -26.3% |
| Other amounts payable | 47/48 | €380 | €1,091 | +€712 | +188% |
| Other operating charges | 640/8 | €387 | €589 | +€201 | +52.0% |
| Gross operating margin | 9900 | €33,771 | €42,686 | +€8,916 | +26.4% |
| Operating profit (loss) | 9901 | €33,383 | €42,097 | +€8,714 | +26.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2,329% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2,329% |
| Financial charges | 65/66B | €1,804 | €1,397 | -€407 | -22.6% |
| Recurring financial charges | 65 | €1,804 | €1,397 | -€407 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €31,579 | €40,702 | +€9,123 | +28.9% |
| Income taxes | 67/77 | €7,807 | €9,820 | +€2,012 | +25.8% |
| Profit (loss) for the period | 9904 | €23,772 | €30,882 | +€7,110 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,772 | €30,882 | +€7,110 | +29.9% |
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 16 October 2026 via checked.be.