AVC: 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.
AVC
Largest movements
- Tangible fixed assets -€4,821
down €4,821 (-33.4%), from €14,417 to €9,596
of which Plant, machinery and equipment: -€3,289
- Receivables within one year -€4,411
down €4,411 (-13.2%), from €33,517 to €29,106
of which Other amounts receivable: -€11,470
- Deferred charges and accrued income -€2,951
down €2,951 (-33.8%), from €8,728 to €5,777
- Financial fixed assets +€2,175
up €2,175 (+72.5%), from €3,000 to €5,175
- Cash +€1,281
up €1,281 (+2.4%), from €52,321 to €53,602
mainly Trade debts (+€14,597) and Depreciation (+€4,821)
- Profit (loss) carried forward -€24,243
down €24,243 (-32.5%), from €74,660 to €50,417
- Trade debts +€14,597
up €14,597 (+114.4%), from €12,762 to €27,359
- Gross operating margin +€24,124
up €24,124, from -€20,444 to €3,680
- Other operating charges +€11,115
up €11,115 (+269.7%), from €4,122 to €15,237
- Financial charges +€5,010
up €5,010 (+1899.2%), from €264 to €5,273
- Financial income -€1,091
down €1,091 (-95.6%), from €1,141 to €50
- Taxes -€721
down €721 (-21.5%), from €3,362 to €2,641
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 | €111,982 | €103,255 | -€8,727 | -7.8% |
| Fixed assets | 21/28 | €17,417 | €14,771 | -€2,646 | -15.2% |
| Tangible fixed assets | 22/27 | €14,417 | €9,596 | -€4,821 | -33.4% |
| Plant, machinery and equipment | 23 | €12,885 | €9,596 | -€3,289 | -25.5% |
| Furniture and vehicles | 24 | €1,532 | - | -€1,532 | |
| Financial fixed assets | 28 | €3,000 | €5,175 | +€2,175 | +72.5% |
| Current assets | 29/58 | €94,565 | €88,484 | -€6,081 | -6.4% |
| Amounts receivable within one year | 40/41 | €33,517 | €29,106 | -€4,411 | -13.2% |
| Trade receivables | 40 | €2,610 | €9,670 | +€7,059 | +270.5% |
| Other amounts receivable | 41 | €30,907 | €19,437 | -€11,470 | -37.1% |
| Cash at bank and in hand | 54/58 | €52,321 | €53,602 | +€1,281 | +2.4% |
| Deferred charges and accrued income | 490/1 | €8,728 | €5,777 | -€2,951 | -33.8% |
| Total equity and liabilities | 10/49 | €111,982 | €103,255 | -€8,727 | -7.8% |
| Equity | 10/15 | €99,220 | €74,977 | -€24,243 | -24.4% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,660 | €50,417 | -€24,243 | -32.5% |
| Amounts payable | 17/49 | €12,762 | €28,278 | +€15,516 | +121.6% |
| Amounts payable within one year | 42/48 | €12,762 | €28,278 | +€15,516 | +121.6% |
| Trade debts | 44 | €12,762 | €27,359 | +€14,597 | +114.4% |
| Suppliers | 440/4 | €12,762 | €27,359 | +€14,597 | +114.4% |
| Taxes, remuneration and social security | 45 | - | €919 | +€919 | |
| Taxes | 450/3 | - | €919 | +€919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,537 | €4,821 | -€715 | -12.9% |
| Other operating charges | 640/8 | €4,122 | €15,237 | +€11,115 | +269.7% |
| Gross operating margin | 9900 | -€20,444 | €3,680 | +€24,124 | |
| Operating profit (loss) | 9901 | -€30,103 | -€16,379 | +€13,724 | +45.6% |
| Financial income | 75/76B | €1,141 | €50 | -€1,091 | -95.6% |
| Recurring financial income | 75 | €1,141 | €50 | -€1,091 | -95.6% |
| Financial charges | 65/66B | €264 | €5,273 | +€5,010 | +1899.2% |
| Recurring financial charges | 65 | €264 | €5,273 | +€5,010 | +1899.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,226 | -€21,602 | +€7,623 | +26.1% |
| Income taxes | 67/77 | €3,362 | €2,641 | -€721 | -21.5% |
| Profit (loss) for the period | 9904 | -€32,588 | -€24,243 | +€8,345 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,588 | -€24,243 | +€8,345 | +25.6% |
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 9 October 2026 via checked.be.