AVENO: 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
AVENO
NACE 10.410, Manufacture of food products
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · €1.3m-€137,244
Equity
€5.1m
2023 · €3.9m+€1.2m
Cash
€79,021
2023 · €599,402-€520,381
Balance sheet total
€26.4m
2023 · €22.9m+€3.5m
Largest movements
Assets
- Tangible fixed assets +€3.8m
up €3.8m (+32.1%), from €11.7m to €15.5m
of which Leasing and similar rights: +€3.3m
- Cash -€520,381
down €520,381 (-86.8%), from €599,402 to €79,021
mainly Investment in fixed assets (net) (-€4.8m) and Trade debts (-€765,610)
- Receivables after one year +€500,000
new in 2024: €500,000
Equity and liabilities
- Debts after one year +€1.8m
up €1.8m (+34.1%), from €5.2m to €7.0m
- Short-term financial debts +€1.8m
up €1.8m (+36.9%), from €4.8m to €6.6m
- Reserves +€1.2m
up €1.2m (+37.5%), from €3.3m to €4.5m
of which Distributable reserves: +€700,000
- Trade debts -€765,610
down €765,610 (-14.0%), from €5.5m to €4.7m
- Current portion of long-term debt -€423,471
down €423,471 (-17.1%), from €2.5m to €2.0m
Income statement
- Goods and materials -€6.0m
down €6.0m (-12.0%), from €49.9m to €43.9m
of which Purchases: -€5.7m
- Turnover -€5.3m
down €5.3m (-8.0%), from €66.5m to €61.2m
- Services and other goods +€827,799
up €827,799 (+8.0%), from €10.4m to €11.2m
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
€1.3m
Turnover
-€5.3m
Other operating income
+€404,472
Goods and materials
+€6.0m
Services and other goods
-€827,799
Staff costs
-€171,738
Depreciation
-€112,398
Write-downs
+€1,048
Other operating charges
-€83,304
Financial income
+€29,758
Financial charges
-€29,944
Taxes
-€25,663
Result 2024
€1.2m
Cash bridge derived
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
+€1.2m
Investment
-€4.8m
Financing
+€3.1m
Cash 2023
€599,402
From operations (derived)
+€1.2m
Net result for the year
+€1.2m
Depreciation
+€1.1m
Receivables after one year
-€500,000
Stocks and contracts
+€143,090
Receivables within one year
+€235,422
Deferred charges and accrued income
-€138,648
Trade debts
-€765,610
Tax, wage and social debts
+€32,022
Other debts
-€126,625
Accrued charges and deferred income
+€32,669
Investment (derived)
-€4.8m
Investment in fixed assets (net)
-€4.8m
Financing
+€3.1m
Debts after one year
+€1.8m
Current portion of long-term debt
-€423,471
Short-term financial debts
+€1.8m
Cash 2024
€79,021
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,920,323 | €26,421,425 | +€3.5m | +15.3% |
| Fixed assets | 21/28 | €11,823,027 | €15,584,375 | +€3.8m | +31.8% |
| Tangible fixed assets | 22/27 | €11,699,284 | €15,460,128 | +€3.8m | +32.1% |
| Plant, machinery and equipment | 23 | €5,216,845 | €5,025,767 | -€191,077 | -3.7% |
| Furniture and vehicles | 24 | €275,484 | €439,405 | +€163,921 | +59.5% |
| Leasing and similar rights | 25 | €1,942,422 | €5,211,121 | +€3.3m | +168.3% |
| Other tangible fixed assets | 26 | €4,264,533 | €4,783,835 | +€519,302 | +12.2% |
| Financial fixed assets | 28 | €123,743 | €124,247 | +€504 | +0.4% |
| Companies linked by participating interests | 282/3 | €60,000 | €60,000 | = | 0.0% |
| Participating interests | 282 | €60,000 | €60,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €63,743 | €64,247 | +€504 | +0.8% |
| Amounts receivable and cash guarantees | 285/8 | €63,743 | €64,247 | +€504 | +0.8% |
| Current assets | 29/58 | €11,097,296 | €10,837,050 | -€260,245 | -2.3% |
| Amounts receivable after more than one year | 29 | - | €500,000 | +€500,000 | |
| Other amounts receivable | 291 | - | €500,000 | +€500,000 | |
| Stocks and contracts in progress | 3 | €5,271,061 | €5,127,971 | -€143,090 | -2.7% |
| Stocks | 30/36 | €5,271,061 | €5,127,971 | -€143,090 | -2.7% |
| Goods purchased for resale | 34 | €5,271,061 | €5,127,971 | -€143,090 | -2.7% |
| Advance payments | 36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,082,073 | €4,846,651 | -€235,422 | -4.6% |
| Trade receivables | 40 | €4,939,035 | €4,693,590 | -€245,445 | -5.0% |
| Other amounts receivable | 41 | €143,038 | €153,061 | +€10,023 | +7.0% |
| Cash at bank and in hand | 54/58 | €599,402 | €79,021 | -€520,381 | -86.8% |
| Deferred charges and accrued income | 490/1 | €144,760 | €283,407 | +€138,648 | +95.8% |
| Total equity and liabilities | 10/49 | €22,920,323 | €26,421,425 | +€3.5m | +15.3% |
| Equity | 10/15 | €3,903,186 | €5,101,518 | +€1.2m | +30.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €3,269,800 | €4,496,050 | +€1.2m | +37.5% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €559,800 | €1,086,050 | +€526,250 | +94.0% |
| Distributable reserves | 133 | €2,650,000 | €3,350,000 | +€700,000 | +26.4% |
| Profit (loss) carried forward | 14 | €33,386 | €5,468 | -€27,918 | -83.6% |
| Amounts payable | 17/49 | €19,017,136 | €21,319,907 | +€2.3m | +12.1% |
| Amounts payable after more than one year | 17 | €5,227,816 | €7,010,531 | +€1.8m | +34.1% |
| Financial debts | 170/4 | €5,227,816 | €7,010,531 | +€1.8m | +34.1% |
| Subordinated loans | 170 | €4,003,872 | €687,664 | -€3.3m | -82.8% |
| Leasing and similar obligations | 172 | €331,336 | €2,986,682 | +€2.7m | +801.4% |
| Credit institutions | 173 | €892,608 | €3,336,186 | +€2.4m | +273.8% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,527,904 | €14,015,290 | +€487,387 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €2,470,524 | €2,047,053 | -€423,471 | -17.1% |
| Financial debts | 43 | €4,800,267 | €6,571,339 | +€1.8m | +36.9% |
| Credit institutions | 430/8 | €4,800,267 | €6,571,339 | +€1.8m | +36.9% |
| Trade debts | 44 | €5,487,556 | €4,721,945 | -€765,610 | -14.0% |
| Suppliers | 440/4 | €5,487,556 | €4,721,945 | -€765,610 | -14.0% |
| Taxes, remuneration and social security | 45 | €571,580 | €603,601 | +€32,022 | +5.6% |
| Taxes | 450/3 | €253,420 | €284,882 | +€31,462 | +12.4% |
| Remuneration and social security | 454/9 | €318,159 | €318,719 | +€560 | +0.2% |
| Other amounts payable | 47/48 | €197,977 | €71,352 | -€126,625 | -64.0% |
| Accrued charges and deferred income | 492/3 | €261,416 | €294,086 | +€32,669 | +12.5% |
| Operating income | 70/76A | €66,809,091 | €61,911,027 | -€4.9m | -7.3% |
| Turnover | 70 | €66,542,659 | €61,240,123 | -€5.3m | -8.0% |
| Other operating income | 74 | €266,432 | €670,904 | +€404,472 | +151.8% |
| Operating charges | 60/66A | €64,193,088 | €59,406,420 | -€4.8m | -7.5% |
| Goods for resale, raw materials and consumables | 60 | €49,884,028 | €43,903,170 | -€6.0m | -12.0% |
| Purchases | 600/8 | €49,412,797 | €43,760,080 | -€5.7m | -11.4% |
| Change in stocks: decrease (increase) | 609 | €471,231 | €143,090 | -€328,141 | -69.6% |
| Services and other goods | 61 | €10,377,236 | €11,205,035 | +€827,799 | +8.0% |
| Remuneration, social security and pensions | 62 | €2,916,975 | €3,088,713 | +€171,738 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963,568 | €1,075,966 | +€112,398 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,048 | - | -€1,048 | |
| Other operating charges | 640/8 | €50,232 | €133,536 | +€83,304 | +165.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €2,616,003 | €2,504,607 | -€111,396 | -4.3% |
| Financial income | 75/76B | €18,083 | €47,841 | +€29,758 | +164.6% |
| Recurring financial income | 75 | €18,083 | €47,841 | +€29,758 | +164.6% |
| Other financial income | 752/9 | €18,083 | €47,841 | +€29,758 | +164.6% |
| Financial charges | 65/66B | €765,570 | €795,514 | +€29,944 | +3.9% |
| Recurring financial charges | 65 | €765,570 | €795,514 | +€29,944 | +3.9% |
| Debt charges | 650 | €501,810 | €572,258 | +€70,449 | +14.0% |
| Other financial charges | 652/9 | €263,761 | €223,256 | -€40,505 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €1,868,515 | €1,756,934 | -€111,582 | -6.0% |
| Income taxes | 67/77 | €532,939 | €558,602 | +€25,663 | +4.8% |
| Taxes | 670/3 | €532,939 | €558,602 | +€25,663 | +4.8% |
| Profit (loss) for the period | 9904 | €1,335,576 | €1,198,332 | -€137,244 | -10.3% |
| Transfer to tax-exempt reserves | 689 | €547,300 | €526,250 | -€21,050 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €788,276 | €672,082 | -€116,194 | -14.7% |
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 11 October 2026 via checked.be.