AVW LAW: 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 LAW
Largest movements
- Receivables within one year +€9,658
up €9,658 (+52.1%), from €18,541 to €28,199
of which Trade receivables: +€6,976
- Cash +€1,947
up €1,947 (+50.1%), from €3,889 to €5,836
mainly Net result for the year (+€13,402) and Trade debts (+€3,023)
- Tangible fixed assets -€1,289
down €1,289 (-70.8%), from €1,821 to €532
of which Furniture and vehicles: -€757
- Profit (loss) carried forward +€13,402
up €13,402 (+33.7%), from -€39,744 to -€26,343
- Debts after one year -€5,794
down €5,794 (-31.9%), from €18,162 to €12,368
- Trade debts +€3,023
up €3,023 (+54.0%), from €5,593 to €8,616
- Advances received +€1,090
up €1,090 (+249%), from €438 to €1,528
- Other debts -€886
no longer reported in 2025 (was €886)
- Gross operating margin +€40,225
up €40,225, from -€19,139 to €21,086
- Depreciation -€2,283
down €2,283 (-63.9%), from €3,572 to €1,289
- Other operating charges +€2,174
up €2,174 (+127%), from €1,716 to €3,890
- Taxes +€1,784
new in 2025: €1,784
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 | €24,251 | €34,567 | +€10,316 | +42.5% |
| Fixed assets | 21/28 | €1,821 | €532 | -€1,289 | -70.8% |
| Tangible fixed assets | 22/27 | €1,821 | €532 | -€1,289 | -70.8% |
| Plant, machinery and equipment | 23 | €1,064 | €532 | -€532 | -50.0% |
| Furniture and vehicles | 24 | €757 | - | -€757 | |
| Current assets | 29/58 | €22,430 | €34,035 | +€11,605 | +51.7% |
| Amounts receivable within one year | 40/41 | €18,541 | €28,199 | +€9,658 | +52.1% |
| Trade receivables | 40 | €18,541 | €25,517 | +€6,976 | +37.6% |
| Other amounts receivable | 41 | - | €2,682 | +€2,682 | |
| Cash at bank and in hand | 54/58 | €3,889 | €5,836 | +€1,947 | +50.1% |
| Total equity and liabilities | 10/49 | €24,251 | €34,567 | +€10,316 | +42.5% |
| Equity | 10/15 | -€21,027 | -€7,625 | +€13,402 | +63.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117 | €117 | = | 0.0% |
| Non-distributable reserves | 130/1 | €117 | €117 | = | 0.0% |
| Reserves not available under the articles | 1311 | €117 | €117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,744 | -€26,343 | +€13,402 | +33.7% |
| Amounts payable | 17/49 | €45,278 | €42,193 | -€3,085 | -6.8% |
| Amounts payable after more than one year | 17 | €18,162 | €12,368 | -€5,794 | -31.9% |
| Financial debts | 170/4 | €18,162 | €12,368 | -€5,794 | -31.9% |
| Amounts payable within one year | 42/48 | €27,116 | €29,825 | +€2,709 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €5,704 | €5,794 | +€90 | +1.6% |
| Trade debts | 44 | €5,593 | €8,616 | +€3,023 | +54.0% |
| Suppliers | 440/4 | €5,593 | €8,616 | +€3,023 | +54.0% |
| Advances received on contracts in progress | 46 | €438 | €1,528 | +€1,090 | +249% |
| Taxes, remuneration and social security | 45 | €14,495 | €13,887 | -€608 | -4.2% |
| Taxes | 450/3 | €7,898 | €13,694 | +€5,796 | +73.4% |
| Remuneration and social security | 454/9 | €6,597 | €193 | -€6,404 | -97.1% |
| Other amounts payable | 47/48 | €886 | - | -€886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,572 | €1,289 | -€2,283 | -63.9% |
| Other operating charges | 640/8 | €1,716 | €3,890 | +€2,174 | +127% |
| Gross operating margin | 9900 | -€19,139 | €21,086 | +€40,225 | |
| Operating profit (loss) | 9901 | -€24,427 | €15,907 | +€40,334 | |
| Financial charges | 65/66B | €688 | €721 | +€34 | +4.9% |
| Recurring financial charges | 65 | €688 | €721 | +€34 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,115 | €15,185 | +€40,300 | |
| Income taxes | 67/77 | - | €1,784 | +€1,784 | |
| Profit (loss) for the period | 9904 | -€25,115 | €13,402 | +€38,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,115 | €13,402 | +€38,517 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.