AVATECH BELGIUM: 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.
AVATECH BELGIUM
Largest movements
- Cash +€11,364
up €11,364 (+4278.6%), from €266 to €11,630
mainly Net result for the year (+€8,245) and Tax, wage and social debts (+€2,375)
- Receivables within one year +€1,664
up €1,664 (+14.9%), from €11,138 to €12,803
of which Other amounts receivable: +€7,313
- Profit (loss) carried forward +€5,695
up €5,695, from -€4,423 to €1,272
- Reserves +€4,000
new in 2024: €4,000
- Tax, wage and social debts +€2,375
new in 2024: €2,375
- Trade debts +€958
new in 2024: €958
- Turnover -€200,220
no longer reported in 2024 (was €200,220)
- Purchases and services -€176,726
no longer reported in 2024 (was €176,726)
- Staff costs -€8,550
down €8,550 (-46.7%), from €18,300 to €9,751
- Gross operating margin -€2,708
down €2,708 (-11.5%), from €23,494 to €20,786
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 | €14,577 | €27,605 | +€13,029 | +89.4% |
| Fixed assets | 21/28 | €3,173 | €3,173 | = | 0.0% |
| Financial fixed assets | 28 | €3,173 | €3,173 | = | 0.0% |
| Current assets | 29/58 | €11,404 | €24,433 | +€13,029 | +114.2% |
| Amounts receivable within one year | 40/41 | €11,138 | €12,803 | +€1,664 | +14.9% |
| Trade receivables | 40 | €7,692 | €2,044 | -€5,649 | -73.4% |
| Other amounts receivable | 41 | €3,446 | €10,759 | +€7,313 | +212.2% |
| Cash at bank and in hand | 54/58 | €266 | €11,630 | +€11,364 | +4278.6% |
| Total equity and liabilities | 10/49 | €14,577 | €27,605 | +€13,029 | +89.4% |
| Equity | 10/15 | €14,577 | €24,272 | +€9,695 | +66.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | - | €4,000 | +€4,000 | |
| Distributable reserves | 133 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | -€4,423 | €1,272 | +€5,695 | |
| Amounts payable | 17/49 | - | €3,333 | +€3,333 | |
| Amounts payable within one year | 42/48 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | - | €958 | +€958 | |
| Suppliers | 440/4 | - | €958 | +€958 | |
| Taxes, remuneration and social security | 45 | - | €2,375 | +€2,375 | |
| Taxes | 450/3 | - | €2,375 | +€2,375 | |
| Turnover | 70 | €200,220 | - | -€200,220 | |
| Goods, raw materials, services and sundry goods | 60/61 | €176,726 | - | -€176,726 | |
| Remuneration, social security and pensions | 62 | €18,300 | €9,751 | -€8,550 | -46.7% |
| Other operating charges | 640/8 | €299 | €348 | +€50 | +16.6% |
| Non-recurring operating charges | 66A | - | €400 | +€400 | |
| Gross operating margin | 9900 | €23,494 | €20,786 | -€2,708 | -11.5% |
| Operating profit (loss) | 9901 | €4,895 | €10,287 | +€5,392 | +110.2% |
| Financial charges | 65/66B | €46 | €67 | +€21 | +46.7% |
| Recurring financial charges | 65 | €46 | €67 | +€21 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €4,849 | €10,220 | +€5,371 | +110.8% |
| Income taxes | 67/77 | - | €1,975 | +€1,975 | |
| Profit (loss) for the period | 9904 | €4,849 | €8,245 | +€3,396 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,849 | €8,245 | +€3,396 | +70.0% |
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 5 October 2026 via checked.be.