AUDIO VISUAL PROJECTS: what changed
What changed
AUDIO VISUAL PROJECTS
NACE 47.540, Retail sale of electrical household appliances
filed annual accounts (NBB)
Net result for the year
€217,198
2024 · €166,137+€51,062
Equity
€1.1m
2024 · €936,220+€167,198
Cash
€608,750
2024 · €214,373+€394,376
Balance sheet total
€1.5m
2024 · €1.4m+€174,655
Largest movements
Assets
- Cash +€394,376
up €394,376 (+184%), from €214,373 to €608,750
mainly Net result for the year (+€217,198) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€36,634
down €36,634 (-4.1%), from €904,146 to €867,512
of which Furniture and vehicles: -€19,884
- Receivables within one year +€31,307
up €31,307 (+129%), from €24,266 to €55,573
of which Other amounts receivable: +€25,158
Equity and liabilities
- Reserves +€167,198
up €167,198 (+18.3%), from €911,220 to €1.1m
of which Distributable reserves: +€169,632
- Other debts +€18,876
up €18,876 (+6.6%), from €285,383 to €304,259
Income statement
- Gross operating margin +€44,627
up €44,627 (+14.7%), from €304,021 to €348,648
- Depreciation -€9,757
down €9,757 (-23.0%), from €42,379 to €32,622
- Financial charges +€5,037
up €5,037 (+29.4%), from €17,108 to €22,145
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€166,137
Gross operating margin
+€44,627
Staff costs
-€1,311
Depreciation
+€9,757
Other operating charges
+€1,139
Financial income
+€3,187
Financial charges
-€5,037
Taxes
-€1,300
Result 2025
€217,198
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€254,449
Investment
+€204,012
Financing
-€64,085
Cash 2024
€214,373
From operations (derived)
+€254,449
Net result for the year
+€217,198
Depreciation
+€32,622
Receivables within one year
-€31,307
Deferred charges and accrued income
+€14,394
Provisions
-€1,254
Trade debts
+€9,006
Tax, wage and social debts
-€9,876
Other debts
+€18,876
Accrued charges and deferred income
+€4,789
Investment (derived)
+€204,012
Investment in fixed assets (net)
+€4,012
Current investments
+€200,000
Financing
-€64,085
Debts after one year
-€8,768
Current portion of long-term debt
-€5,317
Contributions, distributions and other
-€50,000
Cash 2025
€608,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,358,561 | €1,533,216 | +€174,655 | +12.9% |
| Fixed assets | 21/28 | €904,146 | €867,512 | -€36,634 | -4.1% |
| Tangible fixed assets | 22/27 | €904,146 | €867,512 | -€36,634 | -4.1% |
| Land and buildings | 22 | €848,599 | €830,109 | -€18,490 | -2.2% |
| Plant, machinery and equipment | 23 | €5,580 | €7,320 | +€1,740 | +31.2% |
| Furniture and vehicles | 24 | €49,967 | €30,083 | -€19,884 | -39.8% |
| Current assets | 29/58 | €454,415 | €665,703 | +€211,289 | +46.5% |
| Amounts receivable within one year | 40/41 | €24,266 | €55,573 | +€31,307 | +129% |
| Trade receivables | 40 | €24,266 | €30,414 | +€6,149 | +25.3% |
| Other amounts receivable | 41 | - | €25,158 | +€25,158 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €214,373 | €608,750 | +€394,376 | +184% |
| Deferred charges and accrued income | 490/1 | €15,775 | €1,381 | -€14,394 | -91.2% |
| Total equity and liabilities | 10/49 | €1,358,561 | €1,533,216 | +€174,655 | +12.9% |
| Equity | 10/15 | €936,220 | €1,103,419 | +€167,198 | +17.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €911,220 | €1,078,419 | +€167,198 | +18.3% |
| Tax-exempt reserves | 132 | €53,542 | €51,109 | -€2,433 | -4.5% |
| Distributable reserves | 133 | €857,678 | €1,027,310 | +€169,632 | +19.8% |
| Provisions and deferred taxes | 16 | €27,582 | €26,329 | -€1,254 | -4.5% |
| Deferred taxes | 168 | €27,582 | €26,329 | -€1,254 | -4.5% |
| Amounts payable | 17/49 | €394,759 | €403,468 | +€8,710 | +2.2% |
| Amounts payable after more than one year | 17 | €21,712 | €12,944 | -€8,768 | -40.4% |
| Financial debts | 170/4 | €21,712 | €12,944 | -€8,768 | -40.4% |
| Amounts payable within one year | 42/48 | €357,026 | €369,716 | +€12,690 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €14,085 | €8,768 | -€5,317 | -37.7% |
| Trade debts | 44 | €4,597 | €13,603 | +€9,006 | +196% |
| Suppliers | 440/4 | €4,597 | €13,603 | +€9,006 | +196% |
| Taxes, remuneration and social security | 45 | €52,961 | €43,085 | -€9,876 | -18.6% |
| Taxes | 450/3 | €52,961 | €41,446 | -€11,515 | -21.7% |
| Remuneration and social security | 454/9 | - | €1,639 | +€1,639 | |
| Other amounts payable | 47/48 | €285,383 | €304,259 | +€18,876 | +6.6% |
| Accrued charges and deferred income | 492/3 | €16,020 | €20,809 | +€4,789 | +29.9% |
| Remuneration, social security and pensions | 62 | - | €1,311 | +€1,311 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,379 | €32,622 | -€9,757 | -23.0% |
| Other operating charges | 640/8 | €6,601 | €5,461 | -€1,139 | -17.3% |
| Gross operating margin | 9900 | €304,021 | €348,648 | +€44,627 | +14.7% |
| Operating profit (loss) | 9901 | €255,041 | €309,253 | +€54,212 | +21.3% |
| Financial income | 75/76B | €1,839 | €5,025 | +€3,187 | +173% |
| Recurring financial income | 75 | €1,839 | €5,025 | +€3,187 | +173% |
| Financial charges | 65/66B | €17,108 | €22,145 | +€5,037 | +29.4% |
| Recurring financial charges | 65 | €17,108 | €22,145 | +€5,037 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €239,772 | €292,134 | +€52,362 | +21.8% |
| Transfer from deferred taxes | 780 | €1,254 | €1,254 | = | 0.0% |
| Income taxes | 67/77 | €74,889 | €76,189 | +€1,300 | +1.7% |
| Profit (loss) for the period | 9904 | €166,137 | €217,198 | +€51,062 | +30.7% |
| Transfer from tax-exempt reserves | 789 | €2,433 | €2,433 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,570 | €219,632 | +€51,062 | +30.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.