AVW ELEC: 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 ELEC
Largest movements
- Receivables within one year +€51,791
up €51,791 (+346%), from €14,959 to €66,750
of which Other amounts receivable: +€31,199
- Cash +€6,089
up €6,089 (+288%), from €2,114 to €8,202
mainly Net result for the year (+€49,921) and Tax, wage and social debts (+€15,413)
- Tangible fixed assets -€2,860
down €2,860 (-2.7%), from €106,319 to €103,458
of which Land and buildings: -€3,247
- Profit (loss) carried forward +€49,921
up €49,921 (+837%), from €5,964 to €55,885
- Tax, wage and social debts +€15,413
up €15,413 (+560%), from €2,750 to €18,163
of which Taxes: +€16,913
- Debts after one year -€14,937
down €14,937 (-15.9%), from €94,085 to €79,148
- Trade debts +€5,414
up €5,414 (+136%), from €3,976 to €9,390
- Purchases and services -€215,170
no longer reported in 2025 (was €215,170)
- Gross operating margin +€75,773
up €75,773 (+2,285%), from €3,316 to €79,089
- Taxes +€17,913
new in 2025: €17,913
- Financial charges +€1,767
up €1,767 (+43.3%), from €4,076 to €5,842
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 | €125,099 | €181,022 | +€55,924 | +44.7% |
| Fixed assets | 21/28 | €106,319 | €103,458 | -€2,860 | -2.7% |
| Tangible fixed assets | 22/27 | €106,319 | €103,458 | -€2,860 | -2.7% |
| Land and buildings | 22 | €104,598 | €101,350 | -€3,247 | -3.1% |
| Plant, machinery and equipment | 23 | €1,316 | €2,108 | +€792 | +60.1% |
| Furniture and vehicles | 24 | €405 | - | -€405 | |
| Current assets | 29/58 | €18,780 | €77,564 | +€58,784 | +313% |
| Amounts receivable within one year | 40/41 | €14,959 | €66,750 | +€51,791 | +346% |
| Trade receivables | 40 | €8,715 | €29,307 | +€20,592 | +236% |
| Other amounts receivable | 41 | €6,244 | €37,443 | +€31,199 | +500% |
| Cash at bank and in hand | 54/58 | €2,114 | €8,202 | +€6,089 | +288% |
| Deferred charges and accrued income | 490/1 | €1,707 | €2,612 | +€905 | +53.0% |
| Total equity and liabilities | 10/49 | €125,099 | €181,022 | +€55,924 | +44.7% |
| Equity | 10/15 | €9,464 | €59,385 | +€49,921 | +527% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,964 | €55,885 | +€49,921 | +837% |
| Amounts payable | 17/49 | €115,635 | €121,638 | +€6,003 | +5.2% |
| Amounts payable after more than one year | 17 | €94,085 | €79,148 | -€14,937 | -15.9% |
| Financial debts | 170/4 | €94,085 | €79,148 | -€14,937 | -15.9% |
| Amounts payable within one year | 42/48 | €21,496 | €42,490 | +€20,994 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €14,246 | €14,937 | +€690 | +4.8% |
| Trade debts | 44 | €3,976 | €9,390 | +€5,414 | +136% |
| Suppliers | 440/4 | €3,976 | €9,390 | +€5,414 | +136% |
| Taxes, remuneration and social security | 45 | €2,750 | €18,163 | +€15,413 | +560% |
| Taxes | 450/3 | €1,000 | €17,913 | +€16,913 | +1,691% |
| Remuneration and social security | 454/9 | €1,750 | €250 | -€1,500 | -85.7% |
| Other amounts payable | 47/48 | €523 | - | -€523 | |
| Accrued charges and deferred income | 492/3 | €54 | - | -€54 | |
| Goods, raw materials, services and sundry goods | 60/61 | €215,170 | - | -€215,170 | |
| Remuneration, social security and pensions | 62 | €594 | €840 | +€246 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,625 | €4,343 | +€718 | +19.8% |
| Other operating charges | 640/8 | €536 | €775 | +€239 | +44.5% |
| Gross operating margin | 9900 | €3,316 | €79,089 | +€75,773 | +2,285% |
| Operating profit (loss) | 9901 | -€1,439 | €73,132 | +€74,571 | |
| Financial income | 75/76B | €26 | €544 | +€519 | +2,011% |
| Recurring financial income | 75 | €26 | €544 | +€519 | +2,011% |
| Financial charges | 65/66B | €4,076 | €5,842 | +€1,767 | +43.3% |
| Recurring financial charges | 65 | €4,076 | €5,842 | +€1,767 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,489 | €67,834 | +€73,323 | |
| Income taxes | 67/77 | - | €17,913 | +€17,913 | |
| Profit (loss) for the period | 9904 | -€5,489 | €49,921 | +€55,410 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,489 | €49,921 | +€55,410 |
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.