AVI GROUP: 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.
AVI GROUP
Largest movements
- Tangible fixed assets +€33,869
up €33,869 (+55.4%), from €61,102 to €94,971
of which Furniture and vehicles: +€69,676
- Current assets +€26,054
up €26,054 (+14.3%), from €181,668 to €207,722
of which Receivables within one year: +€129,987
- Financial fixed assets +€7,500
up €7,500 (+115.2%), from €6,508 to €14,008
- Debts within one year +€153,849
up €153,849 (+58.7%), from €261,960 to €415,809
of which Other debts: +€155,321
- Profit (loss) carried forward -€86,426
down €86,426 (-244.5%), from -€35,346 to -€121,772
- Turnover +€700,851
new in 2021: €700,851
- Purchases and services +€554,538
new in 2021: €554,538
- Staff costs +€51,454
new in 2021: €51,454
- Other operating charges +€9,204
new in 2021: €9,204
- Depreciation +€8,865
up €8,865 (+42.8%), from €20,700 to €29,565
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,278 | €316,701 | +€67,423 | +27.0% |
| Fixed assets | 21/28 | €67,610 | €108,979 | +€41,369 | +61.2% |
| Tangible fixed assets | 22/27 | €61,102 | €94,971 | +€33,869 | +55.4% |
| Plant, machinery and equipment | 23 | - | €4,927 | +€4,927 | |
| Furniture and vehicles | 24 | - | €69,676 | +€69,676 | |
| Other tangible fixed assets | 26 | - | €20,368 | +€20,368 | |
| Financial fixed assets | 28 | €6,508 | €14,008 | +€7,500 | +115.2% |
| Current assets | 29/58 | €181,668 | €207,722 | +€26,054 | +14.3% |
| Stocks and contracts in progress | 3 | €105,842 | - | -€105,842 | |
| Amounts receivable within one year | 40/41 | €39,137 | €169,123 | +€129,987 | +332.1% |
| Trade receivables | 40 | - | €141,837 | +€141,837 | |
| Other amounts receivable | 41 | - | €27,286 | +€27,286 | |
| Cash at bank and in hand | 54/58 | €34,119 | €31,934 | -€2,185 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €6,664 | +€6,664 | |
| Total equity and liabilities | 10/49 | €249,278 | €316,701 | +€67,423 | +27.0% |
| Equity | 10/15 | -€12,683 | -€99,108 | -€86,426 | -681.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | - | €18,550 | +€18,550 | |
| Issued capital | 100 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €4,114 | €4,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €114 | +€114 | |
| Legal reserve | 130 | - | €114 | +€114 | |
| Tax-exempt reserves | 132 | - | €4,000 | +€4,000 | |
| Profit (loss) carried forward | 14 | -€35,346 | -€121,772 | -€86,426 | -244.5% |
| Amounts payable | 17/49 | €261,960 | €415,809 | +€153,849 | +58.7% |
| Amounts payable within one year | 42/48 | €261,960 | €415,809 | +€153,849 | +58.7% |
| Trade debts | 44 | €207,150 | €248,585 | +€41,435 | +20.0% |
| Suppliers | 440/4 | - | €248,585 | +€248,585 | |
| Taxes, remuneration and social security | 45 | - | €11,903 | +€11,903 | |
| Taxes | 450/3 | - | €2,103 | +€2,103 | |
| Remuneration and social security | 454/9 | - | €9,800 | +€9,800 | |
| Other amounts payable | 47/48 | - | €155,321 | +€155,321 | |
| Turnover | 70 | - | €700,851 | +€700,851 | |
| Non-recurring operating income | 76A | - | €8,517 | +€8,517 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €554,538 | +€554,538 | |
| Remuneration, social security and pensions | 62 | - | €51,454 | +€51,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,700 | €29,565 | +€8,865 | +42.8% |
| Other operating charges | 640/8 | - | €9,204 | +€9,204 | |
| Non-recurring operating charges | 66A | - | €141,825 | +€141,825 | |
| Gross operating margin | 9900 | €137,945 | €146,313 | +€8,368 | +6.1% |
| Operating profit (loss) | 9901 | €44,864 | -€85,734 | -€130,598 | |
| Financial income | 75/76B | - | €315 | +€315 | |
| Recurring financial income | 75 | €814 | €315 | -€499 | -61.3% |
| Financial charges | 65/66B | - | €1,007 | +€1,007 | |
| Recurring financial charges | 65 | €909 | €1,007 | +€98 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €44,769 | -€86,426 | -€131,194 | |
| Income taxes | 67/77 | €145 | - | -€145 | |
| Profit (loss) for the period | 9904 | €44,624 | -€86,426 | -€131,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,624 | -€86,426 | -€127,049 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.