AV ENGINEERING: 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.
AV ENGINEERING
Largest movements
- Tangible fixed assets -€61,496
down €61,496 (-16.8%), from €366,106 to €304,610
of which Furniture and vehicles: -€32,263
- Cash +€6,681
up €6,681 (+11.5%), from €58,228 to €64,909
mainly Tax, wage and social debts (+€122,164) and Depreciation (+€41,668)
- Reserves -€175,898
down €175,898 (-44.4%), from €396,407 to €220,509
of which Tax-exempt reserves: -€388,475
- Profit (loss) carried forward +€163,771
no longer reported in 2025 (was -€163,771)
- Provisions -€129,492
no longer reported in 2025 (was €129,492)
- Tax, wage and social debts +€122,164
up €122,164 (+805%), from €15,185 to €137,348
- Trade debts -€24,703
down €24,703 (-98.0%), from €25,218 to €515
- Taxes +€122,408
up €122,408 (+834%), from €14,677 to €137,085
- Gross operating margin -€17,789
down €17,789 (-30.9%), from €57,482 to €39,692
- Depreciation +€8,783
up €8,783 (+26.7%), from €32,885 to €41,668
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 | €436,491 | €383,234 | -€53,257 | -12.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €366,352 | €304,856 | -€61,496 | -16.8% |
| Tangible fixed assets | 22/27 | €366,106 | €304,610 | -€61,496 | -16.8% |
| Land and buildings | 22 | €243,896 | €236,968 | -€6,928 | -2.8% |
| Plant, machinery and equipment | 23 | €26,294 | €3,988 | -€22,305 | -84.8% |
| Furniture and vehicles | 24 | €95,917 | €63,654 | -€32,263 | -33.6% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €70,138 | €78,378 | +€8,239 | +11.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €11,911 | €13,101 | +€1,190 | +10.0% |
| Trade receivables | 40 | €11,859 | €10,757 | -€1,102 | -9.3% |
| Other amounts receivable | 41 | €52 | €2,343 | +€2,291 | +4,408% |
| Cash at bank and in hand | 54/58 | €58,228 | €64,909 | +€6,681 | +11.5% |
| Deferred charges and accrued income | 490/1 | - | €369 | +€369 | |
| Total equity and liabilities | 10/49 | €436,491 | €383,234 | -€53,257 | -12.2% |
| Equity | 10/15 | €251,186 | €239,059 | -€12,127 | -4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €396,407 | €220,509 | -€175,898 | -44.4% |
| Non-distributable reserves | 130/1 | €7,933 | €7,933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,933 | €7,933 | = | 0.0% |
| Tax-exempt reserves | 132 | €388,475 | - | -€388,475 | |
| Distributable reserves | 133 | - | €212,576 | +€212,576 | |
| Profit (loss) carried forward | 14 | -€163,771 | - | +€163,771 | |
| Provisions and deferred taxes | 16 | €129,492 | - | -€129,492 | |
| Deferred taxes | 168 | €129,492 | - | -€129,492 | |
| Amounts payable | 17/49 | €55,813 | €144,175 | +€88,362 | +158% |
| Amounts payable within one year | 42/48 | €55,813 | €144,175 | +€88,362 | +158% |
| Trade debts | 44 | €25,218 | €515 | -€24,703 | -98.0% |
| Suppliers | 440/4 | €25,218 | €515 | -€24,703 | -98.0% |
| Taxes, remuneration and social security | 45 | €15,185 | €137,348 | +€122,164 | +805% |
| Taxes | 450/3 | €15,185 | €137,348 | +€122,164 | +805% |
| Other amounts payable | 47/48 | €15,410 | €6,311 | -€9,098 | -59.0% |
| Non-recurring operating income | 76A | €16,171 | €3,110 | -€13,061 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,885 | €41,668 | +€8,783 | +26.7% |
| Other operating charges | 640/8 | €2,378 | €2,518 | +€140 | +5.9% |
| Gross operating margin | 9900 | €57,482 | €39,692 | -€17,789 | -30.9% |
| Operating profit (loss) | 9901 | €22,218 | -€4,494 | -€26,712 | |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €336 | €304 | -€32 | -9.5% |
| Recurring financial charges | 65 | €336 | €304 | -€32 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €21,882 | -€4,534 | -€26,417 | |
| Transfer from deferred taxes | 780 | €7,953 | €129,492 | +€121,538 | +1,528% |
| Income taxes | 67/77 | €14,677 | €137,085 | +€122,408 | +834% |
| Profit (loss) for the period | 9904 | €15,158 | -€12,127 | -€27,286 | |
| Transfer from tax-exempt reserves | 789 | €23,860 | €388,475 | +€364,615 | +1,528% |
| Profit (loss) for the period to be appropriated | 9905 | €39,018 | €376,347 | +€337,329 | +865% |
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 25 October 2026 via checked.be.