AveTec: 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.
AveTec
Largest movements
- Cash -€34,307
down €34,307 (-58.0%), from €59,161 to €24,854
mainly Contributions, distributions and other (-€64,800) and Other debts (-€17,679)
- Tangible fixed assets -€19,057
down €19,057 (-52.0%), from €36,616 to €17,559
of which Furniture and vehicles: -€9,927
- Receivables within one year +€14,655
up €14,655 (+43.0%), from €34,068 to €48,723
of which Other amounts receivable: +€13,654
- Other debts -€17,679
down €17,679 (-21.4%), from €82,479 to €64,800
- Reserves -€12,919
down €12,919 (-99.9%), from €12,932 to €13
- Current portion of long-term debt -€4,872
down €4,872 (-57.0%), from €8,549 to €3,677
- Debts after one year -€3,677
no longer reported in 2025 (was €3,677)
- Trade debts +€1,578
up €1,578 (+216.1%), from €730 to €2,308
- Depreciation -€8,990
down €8,990 (-47.1%), from €19,082 to €10,092
- Taxes +€2,321
up €2,321 (+20.2%), from €11,513 to €13,834
- Gross operating margin +€1,171
up €1,171 (+1.5%), from €75,838 to €77,009
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.
Cash bridge derived
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 | €135,047 | €96,751 | -€38,295 | -28.4% |
| Fixed assets | 21/28 | €36,616 | €17,559 | -€19,057 | -52.0% |
| Tangible fixed assets | 22/27 | €36,616 | €17,559 | -€19,057 | -52.0% |
| Land and buildings | 22 | €7,945 | - | -€7,945 | |
| Plant, machinery and equipment | 23 | €1,184 | - | -€1,184 | |
| Furniture and vehicles | 24 | €27,487 | €17,559 | -€9,927 | -36.1% |
| Current assets | 29/58 | €98,431 | €79,192 | -€19,239 | -19.5% |
| Amounts receivable within one year | 40/41 | €34,068 | €48,723 | +€14,655 | +43.0% |
| Trade receivables | 40 | €29,832 | €30,834 | +€1,001 | +3.4% |
| Other amounts receivable | 41 | €4,236 | €17,890 | +€13,654 | +322.3% |
| Cash at bank and in hand | 54/58 | €59,161 | €24,854 | -€34,307 | -58.0% |
| Deferred charges and accrued income | 490/1 | €5,201 | €5,614 | +€413 | +7.9% |
| Total equity and liabilities | 10/49 | €135,047 | €96,751 | -€38,295 | -28.4% |
| Equity | 10/15 | €31,532 | €18,613 | -€12,919 | -41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,932 | €13 | -€12,919 | -99.9% |
| Distributable reserves | 133 | €12,932 | €13 | -€12,919 | -99.9% |
| Amounts payable | 17/49 | €103,515 | €78,138 | -€25,377 | -24.5% |
| Amounts payable after more than one year | 17 | €3,677 | - | -€3,677 | |
| Financial debts | 170/4 | €3,677 | - | -€3,677 | |
| Amounts payable within one year | 42/48 | €99,838 | €78,138 | -€21,700 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €8,549 | €3,677 | -€4,872 | -57.0% |
| Trade debts | 44 | €730 | €2,308 | +€1,578 | +216.1% |
| Suppliers | 440/4 | €730 | €2,308 | +€1,578 | +216.1% |
| Taxes, remuneration and social security | 45 | €8,081 | €7,354 | -€727 | -9.0% |
| Taxes | 450/3 | €8,081 | €7,354 | -€727 | -9.0% |
| Other amounts payable | 47/48 | €82,479 | €64,800 | -€17,679 | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,082 | €10,092 | -€8,990 | -47.1% |
| Other operating charges | 640/8 | €678 | €694 | +€16 | +2.4% |
| Gross operating margin | 9900 | €75,838 | €77,009 | +€1,171 | +1.5% |
| Operating profit (loss) | 9901 | €56,078 | €66,223 | +€10,145 | +18.1% |
| Financial charges | 65/66B | €873 | €509 | -€365 | -41.8% |
| Recurring financial charges | 65 | €873 | €509 | -€365 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €55,205 | €65,715 | +€10,510 | +19.0% |
| Income taxes | 67/77 | €11,513 | €13,834 | +€2,321 | +20.2% |
| Profit (loss) for the period | 9904 | €43,692 | €51,881 | +€8,189 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,692 | €51,881 | +€8,189 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.