AVENDIS: 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.
What changed
AVENDIS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€12,292
2023 · €11,848+€443
Equity
€2.1m
2023 · €544,125+€1.6m
Cash
€2.7m
2023 · €275,177+€2.4m
Balance sheet total
€3.2m
2023 · €1.1m+€2.1m
Largest movements
Assets
- Cash +€2.4m
up €2.4m (+870%), from €275,177 to €2.7m
mainly Contributions, distributions and other (+€1.6m) and Provisions (+€524,515)
- Tangible fixed assets -€290,137
down €290,137 (-35.2%), from €824,551 to €534,414
of which Land and buildings: -€290,137
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+971%), from €163,325 to €1.7m
of which Tax-exempt reserves: +€1.6m
- Provisions +€524,515
new in 2024: €524,515
Income statement
- Gross operating margin +€2.1m
up €2.1m (+1,506%), from €140,090 to €2.2m
- Other operating charges +€29,605
up €29,605 (+96.9%), from €30,551 to €60,156
- Depreciation -€22,629
down €22,629 (-45.5%), from €49,788 to €27,159
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.
Result 2023
€11,848
Gross operating margin
+€2.1m
Staff costs
-€1,752
Depreciation
+€22,629
Other operating charges
-€29,605
Financial income
+€1,406
Financial charges
-€2,155
Taxes
-€1,157
Deferred taxes and other
-€2.1m
Result 2024
€12,292
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€568,389
Investment
+€262,978
Financing
+€1.6m
Cash 2023
€275,177
From operations (derived)
+€568,389
Net result for the year
+€12,292
Depreciation
+€27,159
Receivables within one year
-€11,359
Deferred charges and accrued income
+€4,038
Provisions
+€524,515
Trade debts
-€187
Tax, wage and social debts
+€5,972
Other debts
+€5,959
Investment (derived)
+€262,978
Investment in fixed assets (net)
+€262,978
Financing
+€1.6m
Debts after one year
-€9,779
Current portion of long-term debt
+€264
Contributions, distributions and other
+€1.6m
Cash 2024
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,123,497 | €3,236,078 | +€2.1m | +188% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €827,046 | €536,909 | -€290,137 | -35.1% |
| Tangible fixed assets | 22/27 | €824,551 | €534,414 | -€290,137 | -35.2% |
| Land and buildings | 22 | €824,551 | €534,414 | -€290,137 | -35.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,495 | €2,495 | = | 0.0% |
| Current assets | 29/58 | €296,451 | €2,699,169 | +€2.4m | +810% |
| Amounts receivable within one year | 40/41 | €17,236 | €28,595 | +€11,359 | +65.9% |
| Trade receivables | 40 | €2,050 | €2,050 | = | 0.0% |
| Other amounts receivable | 41 | €15,187 | €26,545 | +€11,359 | +74.8% |
| Cash at bank and in hand | 54/58 | €275,177 | €2,670,574 | +€2.4m | +870% |
| Deferred charges and accrued income | 490/1 | €4,038 | €0 | -€4,038 | -100% |
| Total equity and liabilities | 10/49 | €1,123,497 | €3,236,078 | +€2.1m | +188% |
| Equity | 10/15 | €544,125 | €2,129,961 | +€1.6m | +291% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €163,325 | €1,749,161 | +€1.6m | +971% |
| Non-distributable reserves | 130/1 | €31,421 | €31,421 | = | 0.0% |
| Other | 1319 | €31,421 | €31,421 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | €1,573,544 | +€1.6m | |
| Distributable reserves | 133 | €131,903 | €144,195 | +€12,292 | +9.3% |
| Profit (loss) carried forward | 14 | €319,301 | €319,301 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €524,515 | +€524,515 | |
| Deferred taxes | 168 | - | €524,515 | +€524,515 | |
| Amounts payable | 17/49 | €579,372 | €581,602 | +€2,230 | +0.4% |
| Amounts payable after more than one year | 17 | €509,620 | €499,841 | -€9,779 | -1.9% |
| Financial debts | 170/4 | €189,081 | €171,361 | -€17,720 | -9.4% |
| Other amounts payable | 178/9 | €320,538 | €328,479 | +€7,941 | +2.5% |
| Amounts payable within one year | 42/48 | €69,752 | €81,761 | +€12,009 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €17,456 | €17,720 | +€264 | +1.5% |
| Trade debts | 44 | €10,280 | €10,094 | -€187 | -1.8% |
| Suppliers | 440/4 | €10,280 | €10,094 | -€187 | -1.8% |
| Taxes, remuneration and social security | 45 | €15,497 | €21,469 | +€5,972 | +38.5% |
| Taxes | 450/3 | €12,449 | €17,223 | +€4,774 | +38.3% |
| Remuneration and social security | 454/9 | €3,047 | €4,245 | +€1,198 | +39.3% |
| Other amounts payable | 47/48 | €26,519 | €32,479 | +€5,959 | +22.5% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €21,692 | €23,444 | +€1,752 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,788 | €27,159 | -€22,629 | -45.5% |
| Other operating charges | 640/8 | €30,551 | €60,156 | +€29,605 | +96.9% |
| Gross operating margin | 9900 | €140,090 | €2,249,227 | +€2.1m | +1,506% |
| Operating profit (loss) | 9901 | €38,060 | €2,138,469 | +€2.1m | +5,519% |
| Financial income | 75/76B | €429 | €1,835 | +€1,406 | +328% |
| Recurring financial income | 75 | €429 | €1,835 | +€1,406 | +328% |
| Financial charges | 65/66B | €20,154 | €22,309 | +€2,155 | +10.7% |
| Recurring financial charges | 65 | €20,154 | €22,309 | +€2,155 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €18,335 | €2,117,995 | +€2.1m | +11,452% |
| Transfer to deferred taxes | 680 | - | €2,098,059 | +€2.1m | |
| Income taxes | 67/77 | €6,486 | €7,644 | +€1,157 | +17.8% |
| Profit (loss) for the period | 9904 | €11,848 | €12,292 | +€443 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,848 | €12,292 | +€443 | +3.7% |
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 26 October 2026 via checked.be.