AVENUE PROJECTS: what changed
Two fiscal 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.
AVENUE PROJECTS
Largest movements
- Tangible fixed assets -€91,559
down €91,559 (-1.4%), from €6.4m to €6.3m
of which Furniture and vehicles: -€167,870
- Other debts +€206,543
up €206,543 (+5.6%), from €3.7m to €3.9m
- Profit (loss) carried forward -€149,703
down €149,703 (-90.9%), from -€164,669 to -€314,371
- Trade debts -€95,631
down €95,631 (-98.3%), from €97,307 to €1,676
- Debts after one year -€81,081
down €81,081 (-4.0%), from €2.0m to €1.9m
- Accrued charges and deferred income +€69,010
new in 2024: €69,010
- Gross operating margin +€97,846
up €97,846, from -€39,187 to €58,659
- Depreciation -€14,675
down €14,675 (-8.0%), from €183,928 to €169,253
- Financial charges -€1,105
down €1,105 (-3.3%), from €33,958 to €32,854
- Other operating charges -€944
down €944 (-9.6%), from €9,856 to €8,912
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,541,268 | €6,474,067 | -€67,201 | -1.0% |
| Fixed assets | 21/28 | €6,351,828 | €6,260,268 | -€91,559 | -1.4% |
| Tangible fixed assets | 22/27 | €6,351,828 | €6,260,268 | -€91,559 | -1.4% |
| Land and buildings | 22 | €6,179,092 | €6,086,854 | -€92,238 | -1.5% |
| Plant, machinery and equipment | 23 | - | €168,549 | +€168,549 | |
| Furniture and vehicles | 24 | €172,736 | €4,865 | -€167,870 | -97.2% |
| Current assets | 29/58 | €189,440 | €213,798 | +€24,358 | +12.9% |
| Amounts receivable within one year | 40/41 | €176,288 | €170,068 | -€6,220 | -3.5% |
| Trade receivables | 40 | €66,265 | €60,113 | -€6,152 | -9.3% |
| Other amounts receivable | 41 | €110,023 | €109,955 | -€68 | -0.1% |
| Cash at bank and in hand | 54/58 | €7,791 | €40,536 | +€32,745 | +420.3% |
| Deferred charges and accrued income | 490/1 | €5,361 | €3,195 | -€2,166 | -40.4% |
| Total equity and liabilities | 10/49 | €6,541,268 | €6,474,067 | -€67,201 | -1.0% |
| Equity | 10/15 | €609,983 | €460,280 | -€149,703 | -24.5% |
| Contributions | 10/11 | €768,600 | €768,600 | = | 0.0% |
| Outside capital | 11 | €768,600 | - | -€768,600 | |
| Other | 1109/19 | €768,600 | - | -€768,600 | |
| Reserves | 13 | €6,051 | €6,051 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,051 | €6,051 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,051 | €6,051 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,669 | -€314,371 | -€149,703 | -90.9% |
| Amounts payable | 17/49 | €5,931,285 | €6,013,786 | +€82,502 | +1.4% |
| Amounts payable after more than one year | 17 | €2,006,757 | €1,925,676 | -€81,081 | -4.0% |
| Financial debts | 170/4 | €2,006,757 | €1,925,676 | -€81,081 | -4.0% |
| Amounts payable within one year | 42/48 | €3,924,528 | €4,019,100 | +€94,572 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €101,351 | €81,081 | -€20,270 | -20.0% |
| Trade debts | 44 | €97,307 | €1,676 | -€95,631 | -98.3% |
| Suppliers | 440/4 | €97,307 | €1,676 | -€95,631 | -98.3% |
| Taxes, remuneration and social security | 45 | €17,784 | €21,715 | +€3,930 | +22.1% |
| Taxes | 450/3 | €17,784 | €21,715 | +€3,930 | +22.1% |
| Other amounts payable | 47/48 | €3,708,086 | €3,914,628 | +€206,543 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €69,010 | +€69,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,928 | €169,253 | -€14,675 | -8.0% |
| Other operating charges | 640/8 | €9,856 | €8,912 | -€944 | -9.6% |
| Gross operating margin | 9900 | -€39,187 | €58,659 | +€97,846 | |
| Operating profit (loss) | 9901 | -€232,970 | -€119,506 | +€113,465 | +48.7% |
| Financial income | 75/76B | €2,819 | €2,942 | +€123 | +4.4% |
| Recurring financial income | 75 | €2,819 | €2,942 | +€123 | +4.4% |
| Financial charges | 65/66B | €33,958 | €32,854 | -€1,105 | -3.3% |
| Recurring financial charges | 65 | €33,958 | €32,854 | -€1,105 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€264,110 | -€149,418 | +€114,692 | +43.4% |
| Income taxes | 67/77 | €284 | €285 | +€1 | +0.4% |
| Profit (loss) for the period | 9904 | -€264,394 | -€149,703 | +€114,691 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€264,394 | -€149,703 | +€114,691 | +43.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.