AVE GESTION: 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.
AVE GESTION
Largest movements
- Intangible fixed assets -€23,900
down €23,900 (-36.7%), from €65,101 to €41,201
- Stocks and contracts +€11,622
up €11,622 (+22.1%), from €52,487 to €64,110
- Receivables within one year +€7,564
up €7,564 (+47.5%), from €15,911 to €23,475
of which Other amounts receivable: +€4,654
- Cash -€5,115
down €5,115 (-73.5%), from €6,958 to €1,843
mainly Trade debts (-€32,208) and Stocks and contracts (-€11,622)
- Trade debts -€32,208
down €32,208 (-97.0%), from €33,208 to €1,000
- Profit (loss) carried forward +€18,740
up €18,740 (+65.9%), from -€28,456 to -€9,717
- Current portion of long-term debt -€4,101
no longer reported in 2024 (was €4,101)
- Tax, wage and social debts +€3,004
up €3,004 (+107%), from €2,804 to €5,808
- Other debts +€2,953
up €2,953 (+2.4%), from €121,602 to €124,555
- Gross operating margin +€32,365
up €32,365 (+226%), from €14,291 to €46,656
- Depreciation -€3,018
down €3,018 (-10.6%), from €28,367 to €25,349
- Staff costs +€1,506
new in 2024: €1,506
- Financial charges -€753
down €753 (-69.3%), from €1,087 to €334
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 | €153,718 | €142,106 | -€11,612 | -7.6% |
| Fixed assets | 21/28 | €77,676 | €52,678 | -€24,999 | -32.2% |
| Intangible fixed assets | 21 | €65,101 | €41,201 | -€23,900 | -36.7% |
| Tangible fixed assets | 22/27 | €7,575 | €6,126 | -€1,449 | -19.1% |
| Furniture and vehicles | 24 | €2,475 | €1,026 | -€1,449 | -58.5% |
| Other tangible fixed assets | 26 | €5,100 | €5,100 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,350 | +€350 | +7.0% |
| Current assets | 29/58 | €76,041 | €89,428 | +€13,387 | +17.6% |
| Stocks and contracts in progress | 3 | €52,487 | €64,110 | +€11,622 | +22.1% |
| Stocks | 30/36 | €52,487 | €64,110 | +€11,622 | +22.1% |
| Amounts receivable within one year | 40/41 | €15,911 | €23,475 | +€7,564 | +47.5% |
| Trade receivables | 40 | €14,502 | €17,413 | +€2,911 | +20.1% |
| Other amounts receivable | 41 | €1,409 | €6,063 | +€4,654 | +330% |
| Cash at bank and in hand | 54/58 | €6,958 | €1,843 | -€5,115 | -73.5% |
| Deferred charges and accrued income | 490/1 | €686 | - | -€686 | |
| Total equity and liabilities | 10/49 | €153,718 | €142,106 | -€11,612 | -7.6% |
| Equity | 10/15 | -€7,996 | €10,743 | +€18,740 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€28,456 | -€9,717 | +€18,740 | +65.9% |
| Amounts payable | 17/49 | €161,714 | €131,362 | -€30,352 | -18.8% |
| Amounts payable within one year | 42/48 | €161,714 | €131,362 | -€30,352 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €4,101 | - | -€4,101 | |
| Trade debts | 44 | €33,208 | €1,000 | -€32,208 | -97.0% |
| Suppliers | 440/4 | €33,208 | €1,000 | -€32,208 | -97.0% |
| Taxes, remuneration and social security | 45 | €2,804 | €5,808 | +€3,004 | +107% |
| Taxes | 450/3 | €2,804 | €5,808 | +€3,004 | +107% |
| Other amounts payable | 47/48 | €121,602 | €124,555 | +€2,953 | +2.4% |
| Remuneration, social security and pensions | 62 | - | €1,506 | +€1,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,367 | €25,349 | -€3,018 | -10.6% |
| Other operating charges | 640/8 | €1,065 | €777 | -€288 | -27.1% |
| Gross operating margin | 9900 | €14,291 | €46,656 | +€32,365 | +226% |
| Operating profit (loss) | 9901 | -€15,141 | €19,025 | +€34,165 | |
| Financial income | 75/76B | €1 | €49 | +€48 | +5,681% |
| Recurring financial income | 75 | €1 | €49 | +€48 | +5,681% |
| Financial charges | 65/66B | €1,087 | €334 | -€753 | -69.3% |
| Recurring financial charges | 65 | €1,087 | €334 | -€753 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,227 | €18,740 | +€34,967 | |
| Profit (loss) for the period | 9904 | -€16,227 | €18,740 | +€34,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,227 | €18,740 | +€34,967 |
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.