AVW42: what changed
Two fiscal 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.
What changed
AVW42
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€27,070
2024 · €26,998+€72
Equity
€56,208
2024 · €29,139+€27,070
Cash
€28,681
2024 · €18,145+€10,536
Balance sheet total
€94,457
2024 · €67,621+€26,835
Largest movements
Assets
- Receivables within one year +€17,965
up €17,965 (+60.6%), from €29,664 to €47,629
of which Other amounts receivable: +€17,965
- Cash +€10,536
up €10,536 (+58.1%), from €18,145 to €28,681
mainly Net result for the year (+€27,070) and Depreciation (+€4,461)
- Tangible fixed assets -€4,461
down €4,461 (-23.7%), from €18,793 to €14,333
of which Furniture and vehicles: -€4,461
- Deferred charges and accrued income +€2,795
up €2,795 (+274.4%), from €1,018 to €3,814
Equity and liabilities
- Reserves +€27,070
up €27,070 (+103.6%), from €26,139 to €53,208
of which Distributable reserves: +€27,070
- Provisions +€987
up €987 (+2.9%), from €33,702 to €34,689
of which Provisions for liabilities and charges: +€987
Income statement
- Provisions -€32,716
down €32,716 (-97.1%), from €33,702 to €987
- Financial charges +€30,711
up €30,711 (+829.4%), from €3,703 to €34,413
of which Financial charges: +€30,711
- Taxes -€7,610
down €7,610 (-39.2%), from €19,403 to €11,793
- Gross operating margin -€6,521
down €6,521 (-7.6%), from €85,318 to €78,797
- Depreciation +€3,119
up €3,119 (+232.6%), from €1,341 to €4,461
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.
Result 2024
€26,998
Gross operating margin
-€6,521
Depreciation
-€3,119
Provisions
+€32,716
Other operating charges
+€98
Financial income
+€0
Financial charges
-€30,711
Taxes
+€7,610
Result 2025
€27,070
Cash bridge derived
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.
From operations
+€10,536
Investment
€0
Financing
€0
Cash 2024
€18,145
From operations (derived)
+€10,536
Net result for the year
+€27,070
Depreciation
+€4,461
Receivables within one year
-€17,965
Deferred charges and accrued income
-€2,795
Provisions
+€987
Trade debts
+€282
Tax, wage and social debts
-€902
Other debts
-€601
Cash 2025
€28,681
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,621 | €94,457 | +€26,835 | +39.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €18,793 | €14,333 | -€4,461 | -23.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €18,793 | €14,333 | -€4,461 | -23.7% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €18,793 | €14,333 | -€4,461 | -23.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €48,828 | €80,124 | +€31,296 | +64.1% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €29,664 | €47,629 | +€17,965 | +60.6% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €29,664 | €47,629 | +€17,965 | +60.6% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €18,145 | €28,681 | +€10,536 | +58.1% |
| Deferred charges and accrued income | 490/1 | €1,018 | €3,814 | +€2,795 | +274.4% |
| Total equity and liabilities | 10/49 | €67,621 | €94,457 | +€26,835 | +39.7% |
| Equity | 10/15 | €29,139 | €56,208 | +€27,070 | +92.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €26,139 | €53,208 | +€27,070 | +103.6% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | - | €0 | = | |
| Distributable reserves | 133 | €26,139 | €53,208 | +€27,070 | +103.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | - | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €33,702 | €34,689 | +€987 | +2.9% |
| Provisions for liabilities and charges | 160/5 | €33,702 | €34,689 | +€987 | +2.9% |
| Pensions and similar obligations | 160 | - | €0 | = | |
| Taxes | 161 | - | €0 | = | |
| Major repairs and maintenance | 162 | - | €0 | = | |
| Environmental obligations | 163 | - | €0 | = | |
| Other liabilities and charges | 164/5 | €33,702 | €34,689 | +€987 | +2.9% |
| Deferred taxes | 168 | - | €0 | = | |
| Amounts payable | 17/49 | €4,780 | €3,559 | -€1,221 | -25.5% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €4,780 | €3,559 | -€1,221 | -25.5% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €994 | €1,276 | +€282 | +28.4% |
| Suppliers | 440/4 | €994 | €1,276 | +€282 | +28.4% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,185 | €2,283 | -€902 | -28.3% |
| Taxes | 450/3 | €3,185 | €2,283 | -€902 | -28.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €601 | €0 | -€601 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €4,461 | +€3,119 | +232.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €33,702 | €987 | -€32,716 | -97.1% |
| Other operating charges | 640/8 | €171 | €74 | -€98 | -56.9% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €85,318 | €78,797 | -€6,521 | -7.6% |
| Operating profit (loss) | 9901 | €50,103 | €73,276 | +€23,173 | +46.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €3,703 | €34,413 | +€30,711 | +829.4% |
| Recurring financial charges | 65 | €3,703 | €34,413 | +€30,711 | +829.4% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €46,400 | €38,863 | -€7,537 | -16.2% |
| Transfer from deferred taxes | 780 | - | €0 | = | |
| Transfer to deferred taxes | 680 | - | €0 | = | |
| Income taxes | 67/77 | €19,403 | €11,793 | -€7,610 | -39.2% |
| Profit (loss) for the period | 9904 | €26,998 | €27,070 | +€72 | +0.3% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Transfer to tax-exempt reserves | 689 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €26,998 | €27,070 | +€72 | +0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.