AVD STRUCTURE: 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.
AVD STRUCTURE
Largest movements
- Receivables within one year +€51,109
up €51,109 (+113%), from €45,269 to €96,377
of which Other amounts receivable: +€39,948
- Cash -€25,000
down €25,000 (-78.1%), from €32,024 to €7,024
mainly Receivables within one year (-€51,109) and Investment in fixed assets (net) (-€33,452)
- Tangible fixed assets +€23,860
up €23,860 (+608%), from €3,923 to €27,783
- Profit (loss) carried forward +€25,242
up €25,242 (+165%), from €15,306 to €40,548
- Trade debts +€17,751
up €17,751 (+27.8%), from €63,873 to €81,624
- Tax, wage and social debts +€6,976
up €6,976 (+1,298%), from €537 to €7,513
- Gross operating margin +€27,424
up €27,424 (+169%), from €16,213 to €43,637
- Depreciation +€9,515
up €9,515 (+12,406%), from €77 to €9,592
- Taxes +€7,513
new in 2024: €7,513
- Other operating charges +€934
up €934 (+332%), from €281 to €1,215
- Staff costs -€463
no longer reported in 2024 (was €463)
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 | €81,216 | €131,185 | +€49,969 | +61.5% |
| Fixed assets | 21/28 | €3,923 | €27,783 | +€23,860 | +608% |
| Tangible fixed assets | 22/27 | €3,923 | €27,783 | +€23,860 | +608% |
| Furniture and vehicles | 24 | €3,923 | €27,783 | +€23,860 | +608% |
| Current assets | 29/58 | €77,292 | €103,402 | +€26,109 | +33.8% |
| Amounts receivable within one year | 40/41 | €45,269 | €96,377 | +€51,109 | +113% |
| Trade receivables | 40 | €19,550 | €30,711 | +€11,161 | +57.1% |
| Other amounts receivable | 41 | €25,719 | €65,667 | +€39,948 | +155% |
| Cash at bank and in hand | 54/58 | €32,024 | €7,024 | -€25,000 | -78.1% |
| Total equity and liabilities | 10/49 | €81,216 | €131,185 | +€49,969 | +61.5% |
| Equity | 10/15 | €16,806 | €42,048 | +€25,242 | +150% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,306 | €40,548 | +€25,242 | +165% |
| Amounts payable | 17/49 | €64,410 | €89,137 | +€24,727 | +38.4% |
| Amounts payable within one year | 42/48 | €64,410 | €89,137 | +€24,727 | +38.4% |
| Trade debts | 44 | €63,873 | €81,624 | +€17,751 | +27.8% |
| Suppliers | 440/4 | €63,873 | €81,624 | +€17,751 | +27.8% |
| Taxes, remuneration and social security | 45 | €537 | €7,513 | +€6,976 | +1,298% |
| Taxes | 450/3 | €537 | €7,513 | +€6,976 | +1,298% |
| Remuneration, social security and pensions | 62 | €463 | - | -€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €9,592 | +€9,515 | +12,406% |
| Other operating charges | 640/8 | €281 | €1,215 | +€934 | +332% |
| Gross operating margin | 9900 | €16,213 | €43,637 | +€27,424 | +169% |
| Operating profit (loss) | 9901 | €15,392 | €32,830 | +€17,438 | +113% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €89 | €75 | -€14 | -15.7% |
| Recurring financial charges | 65 | €89 | €75 | -€14 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €15,306 | €32,755 | +€17,449 | +114% |
| Income taxes | 67/77 | - | €7,513 | +€7,513 | |
| Profit (loss) for the period | 9904 | €15,306 | €25,242 | +€9,937 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,306 | €25,242 | +€9,937 | +64.9% |
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 16 October 2026 via checked.be.