AVCOTECH: what changed
AVCOTECH
Largest movements
- Cash -€179,160
down €179,160 (-95.9%), from €186,851 to €7,691
mainly Investment in fixed assets (net) (-€79,179) and Trade debts (-€74,770)
- Stocks and contracts -€84,983
down €84,983 (-71.4%), from €119,057 to €34,074
- Tangible fixed assets +€73,519
up €73,519 (+437%), from €16,822 to €90,340
of which Furniture and vehicles: +€78,761
- Trade debts -€74,770
down €74,770 (-54.9%), from €136,210 to €61,440
- Tax, wage and social debts -€50,171
down €50,171 (-65.4%), from €76,755 to €26,584
of which Taxes: -€45,201
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Other debts -€19,544
down €19,544 (-63.7%), from €30,688 to €11,144
- Accrued charges and deferred income -€15,384
down €15,384 (-39.5%), from €38,978 to €23,594
- Gross operating margin -€63,231
down €63,231 (-56.7%), from €111,599 to €48,369
- Staff costs -€21,389
down €21,389 (-49.8%), from €42,931 to €21,542
- Financial charges -€5,743
down €5,743 (-25.1%), from €22,888 to €17,145
- Taxes -€5,264
down €5,264 (-69.7%), from €7,548 to €2,284
- Other operating charges -€2,904
down €2,904 (-56.4%), from €5,151 to €2,247
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,744 | €181,931 | -€192,813 | -51.5% |
| Fixed assets | 21/28 | €19,940 | €93,421 | +€73,481 | +369% |
| Tangible fixed assets | 22/27 | €16,822 | €90,340 | +€73,519 | +437% |
| Plant, machinery and equipment | 23 | €9,036 | €5,676 | -€3,360 | -37.2% |
| Furniture and vehicles | 24 | €1,208 | €79,968 | +€78,761 | +6,522% |
| Leasing and similar rights | 25 | €6,578 | €4,697 | -€1,881 | -28.6% |
| Financial fixed assets | 28 | €3,118 | €3,081 | -€37 | -1.2% |
| Current assets | 29/58 | €354,805 | €88,510 | -€266,295 | -75.1% |
| Stocks and contracts in progress | 3 | €119,057 | €34,074 | -€84,983 | -71.4% |
| Stocks | 30/36 | €119,057 | €34,074 | -€84,983 | -71.4% |
| Amounts receivable within one year | 40/41 | €48,896 | €46,744 | -€2,152 | -4.4% |
| Trade receivables | 40 | €1,837 | €46,744 | +€44,907 | +2,444% |
| Other amounts receivable | 41 | €47,058 | - | -€47,058 | |
| Cash at bank and in hand | 54/58 | €186,851 | €7,691 | -€179,160 | -95.9% |
| Total equity and liabilities | 10/49 | €374,744 | €181,931 | -€192,813 | -51.5% |
| Equity | 10/15 | €54,372 | €53,972 | -€400 | -0.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,372 | €49,972 | -€400 | -0.8% |
| Amounts payable | 17/49 | €320,372 | €127,959 | -€192,414 | -60.1% |
| Amounts payable after more than one year | 17 | €5,196 | €3,270 | -€1,926 | -37.1% |
| Financial debts | 170/4 | €5,196 | €3,270 | -€1,926 | -37.1% |
| Amounts payable within one year | 42/48 | €276,198 | €101,095 | -€175,103 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €7,546 | €1,926 | -€5,619 | -74.5% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €136,210 | €61,440 | -€74,770 | -54.9% |
| Suppliers | 440/4 | €136,210 | €61,440 | -€74,770 | -54.9% |
| Taxes, remuneration and social security | 45 | €76,755 | €26,584 | -€50,171 | -65.4% |
| Taxes | 450/3 | €67,196 | €21,995 | -€45,201 | -67.3% |
| Remuneration and social security | 454/9 | €9,559 | €4,590 | -€4,969 | -52.0% |
| Other amounts payable | 47/48 | €30,688 | €11,144 | -€19,544 | -63.7% |
| Accrued charges and deferred income | 492/3 | €38,978 | €23,594 | -€15,384 | -39.5% |
| Non-recurring operating income | 76A | €498 | €76,926 | +€76,428 | +15,347% |
| Remuneration, social security and pensions | 62 | €42,931 | €21,542 | -€21,389 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,572 | €5,698 | -€874 | -13.3% |
| Other operating charges | 640/8 | €5,151 | €2,247 | -€2,904 | -56.4% |
| Non-recurring operating charges | 66A | €213 | - | -€213 | |
| Gross operating margin | 9900 | €111,599 | €48,369 | -€63,231 | -56.7% |
| Operating profit (loss) | 9901 | €56,732 | €18,882 | -€37,851 | -66.7% |
| Financial income | 75/76B | €338 | €148 | -€191 | -56.4% |
| Recurring financial income | 75 | €338 | €148 | -€191 | -56.4% |
| Financial charges | 65/66B | €22,888 | €17,145 | -€5,743 | -25.1% |
| Recurring financial charges | 65 | €22,888 | €17,145 | -€5,743 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €34,183 | €1,884 | -€32,299 | -94.5% |
| Income taxes | 67/77 | €7,548 | €2,284 | -€5,264 | -69.7% |
| Profit (loss) for the period | 9904 | €26,635 | -€400 | -€27,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,635 | -€400 | -€27,035 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.