AVW 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.
AVW Consult
Largest movements
- Cash -€182,578
down €182,578 (-96.5%), from €189,128 to €6,550
mainly Contributions, distributions and other (-€270,000) and Tax, wage and social debts (-€963)
- Tangible fixed assets -€18,705
down €18,705 (-29.1%), from €64,362 to €45,656
- Receivables within one year -€6,772
down €6,772 (-26.1%), from €25,947 to €19,175
of which Trade receivables: -€4,235
- Reserves -€207,539
down €207,539 (-79.7%), from €260,444 to €52,905
- Gross operating margin -€2,027
down €2,027 (-1.9%), from €105,199 to €103,172
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 | €279,621 | €71,481 | -€208,140 | -74.4% |
| Fixed assets | 21/28 | €64,362 | €45,656 | -€18,705 | -29.1% |
| Tangible fixed assets | 22/27 | €64,362 | €45,656 | -€18,705 | -29.1% |
| Furniture and vehicles | 24 | €64,362 | €45,656 | -€18,705 | -29.1% |
| Current assets | 29/58 | €215,259 | €25,824 | -€189,434 | -88.0% |
| Amounts receivable within one year | 40/41 | €25,947 | €19,175 | -€6,772 | -26.1% |
| Trade receivables | 40 | €22,990 | €18,755 | -€4,235 | -18.4% |
| Other amounts receivable | 41 | €2,957 | €420 | -€2,537 | -85.8% |
| Cash at bank and in hand | 54/58 | €189,128 | €6,550 | -€182,578 | -96.5% |
| Deferred charges and accrued income | 490/1 | €183 | €99 | -€84 | -46.0% |
| Total equity and liabilities | 10/49 | €279,621 | €71,481 | -€208,140 | -74.4% |
| Equity | 10/15 | €265,444 | €57,905 | -€207,539 | -78.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €260,444 | €52,905 | -€207,539 | -79.7% |
| Distributable reserves | 133 | €260,444 | €52,905 | -€207,539 | -79.7% |
| Amounts payable | 17/49 | €14,177 | €13,576 | -€601 | -4.2% |
| Amounts payable within one year | 42/48 | €14,177 | €13,576 | -€601 | -4.2% |
| Trade debts | 44 | €174 | €536 | +€362 | +207% |
| Suppliers | 440/4 | €174 | €536 | +€362 | +207% |
| Taxes, remuneration and social security | 45 | €13,755 | €12,792 | -€963 | -7.0% |
| Taxes | 450/3 | €10,624 | €9,661 | -€963 | -9.1% |
| Remuneration and social security | 454/9 | €3,131 | €3,131 | = | 0.0% |
| Other amounts payable | 47/48 | €247 | €247 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,218 | €18,705 | -€512 | -2.7% |
| Other operating charges | 640/8 | €1,973 | €1,443 | -€529 | -26.8% |
| Gross operating margin | 9900 | €105,199 | €103,172 | -€2,027 | -1.9% |
| Operating profit (loss) | 9901 | €84,009 | €83,024 | -€985 | -1.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €342 | €482 | +€140 | +40.9% |
| Recurring financial charges | 65 | €342 | €482 | +€140 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €83,667 | €82,541 | -€1,126 | -1.3% |
| Income taxes | 67/77 | €20,711 | €20,080 | -€631 | -3.0% |
| Profit (loss) for the period | 9904 | €62,957 | €62,462 | -€495 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,957 | €62,462 | -€495 | -0.8% |
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 14 October 2026 via checked.be.