AVANTGARDE: what changed
Two fiscal 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.
AVANTGARDE
Largest movements
- Receivables within one year -€67,065
down €67,065 (-44.6%), from €150,219 to €83,154
of which Trade receivables: -€61,940
- Cash +€15,101
up €15,101 (+479.3%), from €3,150 to €18,251
mainly Receivables within one year (+€67,065) and Other debts (+€15,273)
- Tangible fixed assets -€12,993
down €12,993 (-71.5%), from €18,185 to €5,192
of which Furniture and vehicles: -€11,961
- Stocks and contracts +€6,541
new in 2024: €6,541
- Trade debts -€66,145
down €66,145 (-57.8%), from €114,449 to €48,303
- Other debts +€15,273
up €15,273 (+2114.2%), from €722 to €15,995
- Tax, wage and social debts -€7,797
down €7,797 (-26.2%), from €29,761 to €21,963
of which Remuneration and social security: -€7,868
- Profit (loss) carried forward +€1,964
up €1,964 (+15.5%), from €12,655 to €14,619
- Gross operating margin -€79,331
down €79,331 (-65.1%), from €121,911 to €42,580
- Staff costs -€58,956
down €58,956 (-70.4%), from €83,743 to €24,786
- Other operating charges -€14,912
down €14,912 (-82.5%), from €18,066 to €3,154
- Taxes -€4,047
down €4,047 (-45.0%), from €9,000 to €4,953
- Depreciation -€1,720
down €1,720 (-22.4%), from €7,669 to €5,949
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.
Cash bridge derived
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 | €173,787 | €117,081 | -€56,706 | -32.6% |
| Fixed assets | 21/28 | €18,320 | €5,327 | -€12,993 | -70.9% |
| Tangible fixed assets | 22/27 | €18,185 | €5,192 | -€12,993 | -71.5% |
| Plant, machinery and equipment | 23 | €4,263 | €3,230 | -€1,032 | -24.2% |
| Furniture and vehicles | 24 | €13,922 | €1,961 | -€11,961 | -85.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €155,467 | €111,755 | -€43,712 | -28.1% |
| Stocks and contracts in progress | 3 | - | €6,541 | +€6,541 | |
| Stocks | 30/36 | - | €6,541 | +€6,541 | |
| Amounts receivable within one year | 40/41 | €150,219 | €83,154 | -€67,065 | -44.6% |
| Trade receivables | 40 | €142,534 | €80,594 | -€61,940 | -43.5% |
| Other amounts receivable | 41 | €7,685 | €2,560 | -€5,125 | -66.7% |
| Cash at bank and in hand | 54/58 | €3,150 | €18,251 | +€15,101 | +479.3% |
| Deferred charges and accrued income | 490/1 | €2,098 | €3,809 | +€1,711 | +81.6% |
| Total equity and liabilities | 10/49 | €173,787 | €117,081 | -€56,706 | -32.6% |
| Equity | 10/15 | €28,855 | €30,819 | +€1,964 | +6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,655 | €14,619 | +€1,964 | +15.5% |
| Amounts payable | 17/49 | €144,932 | €86,262 | -€58,670 | -40.5% |
| Amounts payable within one year | 42/48 | €144,932 | €86,262 | -€58,670 | -40.5% |
| Trade debts | 44 | €114,449 | €48,303 | -€66,145 | -57.8% |
| Suppliers | 440/4 | €114,449 | €48,303 | -€66,145 | -57.8% |
| Taxes, remuneration and social security | 45 | €29,761 | €21,963 | -€7,797 | -26.2% |
| Taxes | 450/3 | €9,000 | €9,070 | +€70 | +0.8% |
| Remuneration and social security | 454/9 | €20,761 | €12,893 | -€7,868 | -37.9% |
| Other amounts payable | 47/48 | €722 | €15,995 | +€15,273 | +2114.2% |
| Remuneration, social security and pensions | 62 | €83,743 | €24,786 | -€58,956 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,669 | €5,949 | -€1,720 | -22.4% |
| Other operating charges | 640/8 | €18,066 | €3,154 | -€14,912 | -82.5% |
| Gross operating margin | 9900 | €121,911 | €42,580 | -€79,331 | -65.1% |
| Operating profit (loss) | 9901 | €12,434 | €8,691 | -€3,743 | -30.1% |
| Financial income | 75/76B | €283 | - | -€283 | |
| Recurring financial income | 75 | €283 | - | -€283 | |
| Financial charges | 65/66B | €1,153 | €1,774 | +€621 | +53.8% |
| Recurring financial charges | 65 | €1,153 | €1,774 | +€621 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €11,563 | €6,917 | -€4,646 | -40.2% |
| Income taxes | 67/77 | €9,000 | €4,953 | -€4,047 | -45.0% |
| Profit (loss) for the period | 9904 | €2,563 | €1,964 | -€599 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,563 | €1,964 | -€599 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.