AV-ELEC: 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-ELEC
Largest movements
- Receivables within one year +€15,635
up €15,635 (+38.6%), from €40,488 to €56,122
of which Trade receivables: +€25,584
- Stocks and contracts -€15,000
no longer reported in 2024 (was €15,000)
- Tangible fixed assets -€13,123
down €13,123 (-30.9%), from €42,466 to €29,342
of which Furniture and vehicles: -€12,320
- Cash -€5,725
down €5,725 (-78.0%), from €7,344 to €1,619
mainly Receivables within one year (-€15,635) and Debts after one year (-€11,586)
- Debts after one year -€11,586
down €11,586 (-32.0%), from €36,189 to €24,604
- Profit (loss) carried forward -€5,049
down €5,049, from €1,475 to -€3,574
- Tax, wage and social debts -€3,527
down €3,527 (-21.4%), from €16,455 to €12,928
of which Remuneration and social security: -€3,449
- Other debts +€2,053
up €2,053 (+22.3%), from €9,203 to €11,256
- Staff costs -€93,044
down €93,044 (-88.5%), from €105,093 to €12,049
- Gross operating margin -€87,154
down €87,154 (-75.6%), from €115,291 to €28,137
- Depreciation +€11,729
up €11,729 (+256%), from €4,585 to €16,314
- Taxes -€1,497
down €1,497, from €1,419 to -€78
- Financial charges +€1,282
up €1,282 (+48.3%), from €2,654 to €3,936
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,297 | €87,084 | -€18,213 | -17.3% |
| Fixed assets | 21/28 | €42,466 | €29,342 | -€13,123 | -30.9% |
| Tangible fixed assets | 22/27 | €42,466 | €29,342 | -€13,123 | -30.9% |
| Plant, machinery and equipment | 23 | €1,032 | €228 | -€804 | -77.9% |
| Furniture and vehicles | 24 | €41,434 | €29,114 | -€12,320 | -29.7% |
| Current assets | 29/58 | €62,831 | €57,742 | -€5,090 | -8.1% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Stocks | 30/36 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €40,488 | €56,122 | +€15,635 | +38.6% |
| Trade receivables | 40 | €24,142 | €49,726 | +€25,584 | +106% |
| Other amounts receivable | 41 | €16,345 | €6,396 | -€9,949 | -60.9% |
| Cash at bank and in hand | 54/58 | €7,344 | €1,619 | -€5,725 | -78.0% |
| Total equity and liabilities | 10/49 | €105,297 | €87,084 | -€18,213 | -17.3% |
| Equity | 10/15 | €13,738 | €8,689 | -€5,049 | -36.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,263 | €7,263 | = | 0.0% |
| Distributable reserves | 133 | €7,263 | €7,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,475 | -€3,574 | -€5,049 | |
| Amounts payable | 17/49 | €91,559 | €78,395 | -€13,164 | -14.4% |
| Amounts payable after more than one year | 17 | €36,189 | €24,604 | -€11,586 | -32.0% |
| Financial debts | 170/4 | €36,189 | €24,604 | -€11,586 | -32.0% |
| Amounts payable within one year | 42/48 | €55,370 | €53,791 | -€1,579 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €11,586 | +€105 | +0.9% |
| Trade debts | 44 | €18,231 | €18,022 | -€209 | -1.1% |
| Suppliers | 440/4 | €18,231 | €18,022 | -€209 | -1.1% |
| Taxes, remuneration and social security | 45 | €16,455 | €12,928 | -€3,527 | -21.4% |
| Taxes | 450/3 | €1,419 | €1,341 | -€78 | -5.5% |
| Remuneration and social security | 454/9 | €15,036 | €11,587 | -€3,449 | -22.9% |
| Other amounts payable | 47/48 | €9,203 | €11,256 | +€2,053 | +22.3% |
| Remuneration, social security and pensions | 62 | €105,093 | €12,049 | -€93,044 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,585 | €16,314 | +€11,729 | +256% |
| Other operating charges | 640/8 | €937 | €965 | +€28 | +3.0% |
| Gross operating margin | 9900 | €115,291 | €28,137 | -€87,154 | -75.6% |
| Operating profit (loss) | 9901 | €4,676 | -€1,190 | -€5,867 | |
| Financial income | 75/76B | €410 | - | -€410 | |
| Recurring financial income | 75 | €410 | - | -€410 | |
| Financial charges | 65/66B | €2,654 | €3,936 | +€1,282 | +48.3% |
| Recurring financial charges | 65 | €2,654 | €3,936 | +€1,282 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €2,432 | -€5,127 | -€7,558 | |
| Income taxes | 67/77 | €1,419 | -€78 | -€1,497 | |
| Profit (loss) for the period | 9904 | €1,013 | -€5,049 | -€6,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,013 | -€5,049 | -€6,062 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.