AVICAF: 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.
AVICAF
Largest movements
- Current assets -€29,306
down €29,306 (-30.5%), from €96,149 to €66,843
- Debts within one year -€36,394
down €36,394 (-93.2%), from €39,038 to €2,644
- Profit (loss) carried forward +€5,962
up €5,962 (+13.6%), from €43,978 to €49,939
- Turnover -€131,158
no longer reported in 2022 (was €131,158)
- Gross operating margin -€42,734
down €42,734, from €41,807 to -€927
- Taxes -€1,620
no longer reported in 2022 (was €1,620)
From the 2019 result to the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,276 | €66,843 | -€30,433 | -31.3% |
| Fixed assets | 21/28 | €1,127 | €0 | -€1,127 | -100.0% |
| Tangible fixed assets | 22/27 | €665 | €0 | -€665 | -100.0% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €462 | - | -€462 | |
| Current assets | 29/58 | €96,149 | €66,843 | -€29,306 | -30.5% |
| Stocks and contracts in progress | 3 | €6,750 | - | -€6,750 | |
| Amounts receivable within one year | 40/41 | €81,007 | €66,802 | -€14,205 | -17.5% |
| Other amounts receivable | 41 | - | €66,802 | +€66,802 | |
| Cash at bank and in hand | 54/58 | €5,772 | €41 | -€5,731 | -99.3% |
| Total equity and liabilities | 10/49 | €97,276 | €66,843 | -€30,433 | -31.3% |
| Equity | 10/15 | €58,238 | €64,199 | +€5,962 | +10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €43,978 | €49,939 | +€5,962 | +13.6% |
| Amounts payable | 17/49 | €39,038 | €2,644 | -€36,394 | -93.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €39,038 | €2,644 | -€36,394 | -93.2% |
| Financial debts | 43 | - | €31 | +€31 | |
| Credit institutions | 430/8 | - | €31 | +€31 | |
| Trade debts | 44 | €7,518 | €2,614 | -€4,904 | -65.2% |
| Suppliers | 440/4 | - | €2,614 | +€2,614 | |
| Turnover | 70 | €131,158 | - | -€131,158 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €927 | +€927 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | - | -€275 | |
| Non-recurring operating charges | 66A | - | €1,910 | +€1,910 | |
| Gross operating margin | 9900 | €41,807 | -€927 | -€42,734 | |
| Operating profit (loss) | 9901 | €2,258 | -€2,837 | -€5,095 | |
| Recurring financial income | 75 | €5,963 | - | -€5,963 | |
| Financial charges | 65/66B | - | €100 | +€100 | |
| Recurring financial charges | 65 | €1,157 | €100 | -€1,057 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €7,064 | -€2,937 | -€10,001 | |
| Income taxes | 67/77 | €1,620 | - | -€1,620 | |
| Profit (loss) for the period | 9904 | €5,444 | -€2,937 | -€8,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,444 | -€2,937 | -€8,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.