Dr. AVG: 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.
Dr. AVG
Largest movements
- Cash +€214,190
up €214,190 (+74.1%), from €288,981 to €503,171
mainly Net result for the year (+€244,329) and Debts after one year (+€206,000)
- Deferred charges and accrued income +€48,228
up €48,228 (+26.4%), from €182,496 to €230,724
- Receivables within one year -€11,358
no longer reported in 2025 (was €11,358)
- Debts after one year +€206,000
new in 2025: €206,000
- Reserves +€74,329
up €74,329 (+36.9%), from €201,647 to €275,976
- Other debts -€57,569
down €57,569 (-22.3%), from €258,366 to €200,798
- Tax, wage and social debts +€20,134
up €20,134 (+217%), from €9,294 to €29,428
of which Taxes: +€20,134
- Accrued charges and deferred income +€9,418
up €9,418 (+168%), from €5,594 to €15,012
- Gross operating margin +€87,733
up €87,733 (+35.4%), from €248,155 to €335,888
- Taxes +€20,636
up €20,636 (+36.2%), from €56,954 to €77,590
- Financial charges +€9,466
up €9,466 (+205%), from €4,614 to €14,080
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 | €483,643 | €734,244 | +€250,601 | +51.8% |
| Fixed assets | 21/28 | €809 | €350 | -€459 | -56.8% |
| Tangible fixed assets | 22/27 | €809 | €350 | -€459 | -56.8% |
| Furniture and vehicles | 24 | €809 | €350 | -€459 | -56.8% |
| Current assets | 29/58 | €482,835 | €733,895 | +€251,060 | +52.0% |
| Amounts receivable within one year | 40/41 | €11,358 | - | -€11,358 | |
| Other amounts receivable | 41 | €11,358 | - | -€11,358 | |
| Cash at bank and in hand | 54/58 | €288,981 | €503,171 | +€214,190 | +74.1% |
| Deferred charges and accrued income | 490/1 | €182,496 | €230,724 | +€48,228 | +26.4% |
| Total equity and liabilities | 10/49 | €483,643 | €734,244 | +€250,601 | +51.8% |
| Equity | 10/15 | €206,647 | €280,976 | +€74,329 | +36.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €201,647 | €275,976 | +€74,329 | +36.9% |
| Distributable reserves | 133 | €201,647 | €275,976 | +€74,329 | +36.9% |
| Amounts payable | 17/49 | €276,996 | €453,269 | +€176,273 | +63.6% |
| Amounts payable after more than one year | 17 | - | €206,000 | +€206,000 | |
| Other amounts payable | 178/9 | - | €206,000 | +€206,000 | |
| Amounts payable within one year | 42/48 | €271,402 | €232,257 | -€39,146 | -14.4% |
| Trade debts | 44 | €3,742 | €2,031 | -€1,711 | -45.7% |
| Suppliers | 440/4 | €3,742 | €2,031 | -€1,711 | -45.7% |
| Taxes, remuneration and social security | 45 | €9,294 | €29,428 | +€20,134 | +217% |
| Taxes | 450/3 | €6,816 | €26,950 | +€20,134 | +295% |
| Remuneration and social security | 454/9 | €2,478 | €2,478 | = | 0.0% |
| Other amounts payable | 47/48 | €258,366 | €200,798 | -€57,569 | -22.3% |
| Accrued charges and deferred income | 492/3 | €5,594 | €15,012 | +€9,418 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628 | €459 | -€169 | -26.9% |
| Other operating charges | 640/8 | €1,494 | €1,567 | +€73 | +4.9% |
| Gross operating margin | 9900 | €248,155 | €335,888 | +€87,733 | +35.4% |
| Operating profit (loss) | 9901 | €246,033 | €333,861 | +€87,829 | +35.7% |
| Financial income | 75/76B | €464 | €2,138 | +€1,674 | +361% |
| Recurring financial income | 75 | €464 | €2,138 | +€1,674 | +361% |
| Financial charges | 65/66B | €4,614 | €14,080 | +€9,466 | +205% |
| Recurring financial charges | 65 | €4,614 | €14,080 | +€9,466 | +205% |
| Profit (loss) for the period before taxes | 9903 | €241,882 | €321,919 | +€80,037 | +33.1% |
| Income taxes | 67/77 | €56,954 | €77,590 | +€20,636 | +36.2% |
| Profit (loss) for the period | 9904 | €184,928 | €244,329 | +€59,401 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €184,928 | €244,329 | +€59,401 | +32.1% |
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 19 October 2026 via checked.be.