AVECO INTERNATIONAL: 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.
AVECO INTERNATIONAL
Largest movements
- Cash +€2.5m
up €2.5m (+152%), from €1.6m to €4.1m
mainly Receivables within one year (+€2.4m) and Net result for the year (+€1.7m)
- Receivables within one year -€2.4m
down €2.4m (-78.8%), from €3.1m to €646,092
of which Trade receivables: -€2.4m
- Stocks and contracts +€597,753
new in 2025: €597,753
- Tangible fixed assets +€85,851
up €85,851 (+5,655%), from €1,518 to €87,369
- Reserves +€1.3m
up €1.3m (+42.0%), from €3.1m to €4.5m
of which Distributable reserves: +€1.3m
- Tax, wage and social debts -€321,381
down €321,381 (-91.1%), from €352,818 to €31,437
- Trade debts -€235,379
down €235,379 (-25.5%), from €922,474 to €687,095
- Gross operating margin -€81,666
down €81,666 (-3.1%), from €2.7m to €2.6m
- Taxes -€50,095
down €50,095 (-6.0%), from €829,536 to €779,441
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,670,225 | €5,411,835 | +€741,610 | +15.9% |
| Fixed assets | 21/28 | €1,518 | €87,369 | +€85,851 | +5,655% |
| Tangible fixed assets | 22/27 | €1,518 | €87,369 | +€85,851 | +5,655% |
| Furniture and vehicles | 24 | €1,518 | €87,369 | +€85,851 | +5,655% |
| Current assets | 29/58 | €4,668,707 | €5,324,466 | +€655,759 | +14.0% |
| Stocks and contracts in progress | 3 | - | €597,753 | +€597,753 | |
| Stocks | 30/36 | - | €597,753 | +€597,753 | |
| Amounts receivable within one year | 40/41 | €3,050,746 | €646,092 | -€2.4m | -78.8% |
| Trade receivables | 40 | €3,032,925 | €639,157 | -€2.4m | -78.9% |
| Other amounts receivable | 41 | €17,821 | €6,935 | -€10,886 | -61.1% |
| Cash at bank and in hand | 54/58 | €1,617,961 | €4,078,515 | +€2.5m | +152% |
| Deferred charges and accrued income | 490/1 | - | €2,106 | +€2,106 | |
| Total equity and liabilities | 10/49 | €4,670,225 | €5,411,835 | +€741,610 | +15.9% |
| Equity | 10/15 | €3,343,567 | €4,663,410 | +€1.3m | +39.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,143,039 | €4,462,882 | +€1.3m | +42.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,136,839 | €4,456,682 | +€1.3m | +42.1% |
| Profit (loss) carried forward | 14 | €138,528 | €138,528 | = | 0.0% |
| Amounts payable | 17/49 | €1,326,658 | €748,425 | -€578,233 | -43.6% |
| Amounts payable after more than one year | 17 | €22,492 | - | -€22,492 | |
| Financial debts | 170/4 | €22,492 | - | -€22,492 | |
| Amounts payable within one year | 42/48 | €1,304,166 | €748,425 | -€555,741 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €28,874 | €22,492 | -€6,383 | -22.1% |
| Trade debts | 44 | €922,474 | €687,095 | -€235,379 | -25.5% |
| Suppliers | 440/4 | €922,474 | €687,095 | -€235,379 | -25.5% |
| Taxes, remuneration and social security | 45 | €352,818 | €31,437 | -€321,381 | -91.1% |
| Taxes | 450/3 | €352,818 | €31,437 | -€321,381 | -91.1% |
| Other amounts payable | 47/48 | - | €7,401 | +€7,401 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,024 | €19,669 | +€6,645 | +51.0% |
| Other operating charges | 640/8 | €2,073 | €3,100 | +€1,027 | +49.6% |
| Gross operating margin | 9900 | €2,663,097 | €2,581,431 | -€81,666 | -3.1% |
| Operating profit (loss) | 9901 | €2,648,001 | €2,558,663 | -€89,338 | -3.4% |
| Financial income | 75/76B | €15,836 | €19,598 | +€3,763 | +23.8% |
| Recurring financial income | 75 | €15,836 | €19,598 | +€3,763 | +23.8% |
| Financial charges | 65/66B | €107,091 | €115,386 | +€8,295 | +7.7% |
| Recurring financial charges | 65 | €107,091 | €115,386 | +€8,295 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €2,556,746 | €2,462,875 | -€93,871 | -3.7% |
| Income taxes | 67/77 | €829,536 | €779,441 | -€50,095 | -6.0% |
| Profit (loss) for the period | 9904 | €1,727,210 | €1,683,435 | -€43,776 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,727,210 | €1,683,435 | -€43,776 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.