AVANTGARDE XP: 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.
AVANTGARDE XP
Largest movements
- Stocks and contracts -€3,483
down €3,483 (-20.0%), from €17,414 to €13,931
- Receivables within one year +€1,584
up €1,584 (+187%), from €845 to €2,428
of which Trade receivables: +€2,400
- Tangible fixed assets -€809
down €809 (-36.6%), from €2,208 to €1,399
- Profit (loss) carried forward +€5,578
up €5,578 (+3.8%), from -€146,122 to -€140,544
- Other debts -€5,450
down €5,450 (-6.3%), from €86,170 to €80,720
- Advances received -€2,900
no longer reported in 2024 (was €2,900)
- Gross operating margin +€19,486
up €19,486, from -€10,039 to €9,447
- Write-downs -€8,127
down €8,127 (-70.0%), from €11,610 to €3,483
- Financial income +€567
up €567 (+331%), from €171 to €738
- Other operating charges -€493
down €493 (-73.2%), from €673 to €180
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 | €21,146 | €18,247 | -€2,900 | -13.7% |
| Fixed assets | 21/28 | €2,208 | €1,399 | -€809 | -36.6% |
| Tangible fixed assets | 22/27 | €2,208 | €1,399 | -€809 | -36.6% |
| Other tangible fixed assets | 26 | €2,208 | €1,399 | -€809 | -36.6% |
| Current assets | 29/58 | €18,939 | €16,848 | -€2,091 | -11.0% |
| Stocks and contracts in progress | 3 | €17,414 | €13,931 | -€3,483 | -20.0% |
| Stocks | 30/36 | €17,414 | €13,931 | -€3,483 | -20.0% |
| Amounts receivable within one year | 40/41 | €845 | €2,428 | +€1,584 | +187% |
| Trade receivables | 40 | - | €2,400 | +€2,400 | |
| Other amounts receivable | 41 | €845 | €28 | -€816 | -96.7% |
| Cash at bank and in hand | 54/58 | €680 | €488 | -€191 | -28.2% |
| Total equity and liabilities | 10/49 | €21,146 | €18,247 | -€2,900 | -13.7% |
| Equity | 10/15 | -€68,051 | -€62,473 | +€5,578 | +8.2% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Contributions outside capital | 11 | €55,000 | €55,000 | = | 0.0% |
| Other | 1109/19 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €23,071 | €23,071 | = | 0.0% |
| Distributable reserves | 133 | €23,071 | €23,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€146,122 | -€140,544 | +€5,578 | +3.8% |
| Amounts payable | 17/49 | €89,197 | €80,720 | -€8,478 | -9.5% |
| Amounts payable within one year | 42/48 | €89,197 | €80,720 | -€8,478 | -9.5% |
| Trade debts | 44 | €128 | - | -€128 | |
| Suppliers | 440/4 | €128 | - | -€128 | |
| Advances received on contracts in progress | 46 | €2,900 | - | -€2,900 | |
| Other amounts payable | 47/48 | €86,170 | €80,720 | -€5,450 | -6.3% |
| Non-recurring operating income | 76A | - | €59 | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €809 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,610 | €3,483 | -€8,127 | -70.0% |
| Other operating charges | 640/8 | €673 | €180 | -€493 | -73.2% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | -€10,039 | €9,447 | +€19,486 | |
| Operating profit (loss) | 9901 | -€23,130 | €4,975 | +€28,106 | |
| Financial income | 75/76B | €171 | €738 | +€567 | +331% |
| Recurring financial income | 75 | €171 | €738 | +€567 | +331% |
| Financial charges | 65/66B | €173 | €135 | -€38 | -22.0% |
| Recurring financial charges | 65 | €173 | €135 | -€38 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,132 | €5,578 | +€28,710 | |
| Profit (loss) for the period | 9904 | -€23,132 | €5,578 | +€28,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,132 | €5,578 | +€28,710 |
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 20 October 2026 via checked.be.