AVES: 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.
AVES
Largest movements
- Tangible fixed assets +€44,633
up €44,633 (+400%), from €11,147 to €55,779
of which Furniture and vehicles: +€46,323
- Cash +€6,059
up €6,059 (+44.4%), from €13,637 to €19,696
mainly Other debts (+€45,085) and Depreciation (+€8,388)
- Receivables within one year +€3,101
up €3,101 (+220%), from €1,410 to €4,511
of which Other amounts receivable: +€3,020
- Stocks and contracts +€978
up €978 (+72.2%), from €1,355 to €2,332
- Other debts +€45,085
up €45,085 (+7,866%), from €573 to €45,658
- Profit (loss) carried forward +€7,641
up €7,641 (+40.0%), from €19,107 to €26,747
- Trade debts +€4,754
up €4,754 (+1,606%), from €296 to €5,050
- Tax, wage and social debts -€2,710
down €2,710 (-59.3%), from €4,573 to €1,863
of which Taxes: -€4,548
- Staff costs +€15,637
up €15,637 (+24,731%), from €63 to €15,700
- Gross operating margin +€6,677
up €6,677 (+24.0%), from €27,791 to €34,467
- Depreciation +€4,376
up €4,376 (+109%), from €4,012 to €8,388
- Taxes -€2,342
down €2,342 (-51.2%), from €4,574 to €2,233
- Other operating charges +€387
new in 2024: €387
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 | €27,548 | €82,319 | +€54,770 | +199% |
| Fixed assets | 21/28 | €11,147 | €55,779 | +€44,633 | +400% |
| Tangible fixed assets | 22/27 | €11,147 | €55,779 | +€44,633 | +400% |
| Land and buildings | 22 | €1,493 | €1,287 | -€206 | -13.8% |
| Plant, machinery and equipment | 23 | €3,932 | €2,448 | -€1,484 | -37.7% |
| Furniture and vehicles | 24 | €5,721 | €52,044 | +€46,323 | +810% |
| Current assets | 29/58 | €16,402 | €26,539 | +€10,138 | +61.8% |
| Stocks and contracts in progress | 3 | €1,355 | €2,332 | +€978 | +72.2% |
| Stocks | 30/36 | €1,355 | €2,332 | +€978 | +72.2% |
| Amounts receivable within one year | 40/41 | €1,410 | €4,511 | +€3,101 | +220% |
| Trade receivables | 40 | €19 | €100 | +€81 | +421% |
| Other amounts receivable | 41 | €1,391 | €4,411 | +€3,020 | +217% |
| Cash at bank and in hand | 54/58 | €13,637 | €19,696 | +€6,059 | +44.4% |
| Total equity and liabilities | 10/49 | €27,548 | €82,319 | +€54,770 | +199% |
| Equity | 10/15 | €22,107 | €29,747 | +€7,641 | +34.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,107 | €26,747 | +€7,641 | +40.0% |
| Amounts payable | 17/49 | €5,442 | €52,571 | +€47,129 | +866% |
| Amounts payable within one year | 42/48 | €5,442 | €52,571 | +€47,129 | +866% |
| Trade debts | 44 | €296 | €5,050 | +€4,754 | +1,606% |
| Suppliers | 440/4 | €296 | €5,050 | +€4,754 | +1,606% |
| Taxes, remuneration and social security | 45 | €4,573 | €1,863 | -€2,710 | -59.3% |
| Taxes | 450/3 | €4,573 | €25 | -€4,548 | -99.5% |
| Remuneration and social security | 454/9 | - | €1,838 | +€1,838 | |
| Other amounts payable | 47/48 | €573 | €45,658 | +€45,085 | +7,866% |
| Remuneration, social security and pensions | 62 | €63 | €15,700 | +€15,637 | +24,731% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,012 | €8,388 | +€4,376 | +109% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €27,791 | €34,467 | +€6,677 | +24.0% |
| Operating profit (loss) | 9901 | €23,715 | €9,991 | -€13,724 | -57.9% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €121 | €117 | -€3 | -2.8% |
| Recurring financial charges | 65 | €121 | €117 | -€3 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €23,610 | €9,874 | -€13,736 | -58.2% |
| Income taxes | 67/77 | €4,574 | €2,233 | -€2,342 | -51.2% |
| Profit (loss) for the period | 9904 | €19,036 | €7,641 | -€11,395 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,036 | €7,641 | -€11,395 | -59.9% |
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 25 October 2026 via checked.be.