Hot & Cold Audio Visual: 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.
Hot & Cold Audio Visual
Largest movements
- Cash -€102,596
down €102,596 (-54.0%), from €190,081 to €87,485
mainly Investment in fixed assets (net) (-€48,906) and Debts after one year (-€19,206)
- Tangible fixed assets +€30,106
up €30,106 (+59.9%), from €50,286 to €80,392
of which Plant, machinery and equipment: +€36,624
- Receivables within one year +€15,418
up €15,418 (+424%), from €3,635 to €19,053
of which Other amounts receivable: +€17,792
- Debts after one year -€19,206
down €19,206 (-14.3%), from €133,878 to €114,673
- Other debts -€17,781
down €17,781 (-100%), from €17,781 to €0
- Current portion of long-term debt -€12,724
down €12,724 (-39.9%), from €31,930 to €19,206
- Reserves -€3,788
down €3,788 (-9.8%), from €38,461 to €34,673
of which Distributable reserves: -€3,788
- Tax, wage and social debts -€3,734
down €3,734 (-100%), from €3,734 to €0
- Financial charges +€8,859
up €8,859 (+515%), from €1,721 to €10,580
- Depreciation +€4,169
up €4,169 (+28.5%), from €14,631 to €18,800
- Gross operating margin -€3,872
down €3,872 (-12.2%), from €31,802 to €27,931
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 | €245,548 | €188,538 | -€57,010 | -23.2% |
| Fixed assets | 21/28 | €50,421 | €80,527 | +€30,106 | +59.7% |
| Tangible fixed assets | 22/27 | €50,286 | €80,392 | +€30,106 | +59.9% |
| Land and buildings | 22 | €25,573 | €19,170 | -€6,403 | -25.0% |
| Plant, machinery and equipment | 23 | €24,597 | €61,222 | +€36,624 | +149% |
| Furniture and vehicles | 24 | €116 | €0 | -€116 | -100% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €195,127 | €108,011 | -€87,116 | -44.6% |
| Amounts receivable within one year | 40/41 | €3,635 | €19,053 | +€15,418 | +424% |
| Trade receivables | 40 | €3,635 | €1,262 | -€2,374 | -65.3% |
| Other amounts receivable | 41 | - | €17,792 | +€17,792 | |
| Cash at bank and in hand | 54/58 | €190,081 | €87,485 | -€102,596 | -54.0% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,473 | +€62 | +4.4% |
| Total equity and liabilities | 10/49 | €245,548 | €188,538 | -€57,010 | -23.2% |
| Equity | 10/15 | €57,061 | €53,273 | -€3,788 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,461 | €34,673 | -€3,788 | -9.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,601 | €32,813 | -€3,788 | -10.3% |
| Amounts payable | 17/49 | €188,487 | €135,265 | -€53,222 | -28.2% |
| Amounts payable after more than one year | 17 | €133,878 | €114,673 | -€19,206 | -14.3% |
| Financial debts | 170/4 | €133,878 | €114,673 | -€19,206 | -14.3% |
| Amounts payable within one year | 42/48 | €54,609 | €20,592 | -€34,017 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €31,930 | €19,206 | -€12,724 | -39.9% |
| Trade debts | 44 | €1,164 | €1,387 | +€222 | +19.1% |
| Suppliers | 440/4 | €1,164 | €1,387 | +€222 | +19.1% |
| Taxes, remuneration and social security | 45 | €3,734 | €0 | -€3,734 | -100% |
| Taxes | 450/3 | €3,734 | €0 | -€3,734 | -100% |
| Other amounts payable | 47/48 | €17,781 | €0 | -€17,781 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,631 | €18,800 | +€4,169 | +28.5% |
| Other operating charges | 640/8 | €2,204 | €2,340 | +€136 | +6.2% |
| Gross operating margin | 9900 | €31,802 | €27,931 | -€3,872 | -12.2% |
| Operating profit (loss) | 9901 | €14,967 | €6,791 | -€8,176 | -54.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +13,500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +13,500% |
| Financial charges | 65/66B | €1,721 | €10,580 | +€8,859 | +515% |
| Recurring financial charges | 65 | €1,721 | €10,580 | +€8,859 | +515% |
| Profit (loss) for the period before taxes | 9903 | €13,246 | -€3,788 | -€17,034 | |
| Profit (loss) for the period | 9904 | €13,246 | -€3,788 | -€17,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,246 | -€3,788 | -€17,034 |
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.