AVIETECH: 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.
What changed
AVIETECH
NACE 46.720, Wholesale of motor vehicle parts and accessories
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €697,311+€756,853
Equity
€2.1m
2024 · €866,500+€1.2m
Cash
€1.8m
2024 · €554,867+€1.3m
Balance sheet total
€3.8m
2024 · €2.5m+€1.3m
Largest movements
Assets
- Cash +€1.3m
up €1.3m (+229.9%), from €554,867 to €1.8m
mainly Net result for the year (+€1.5m) and Current investments (+€500,000)
- Current investments -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Receivables within one year +€353,313
up €353,313 (+62.0%), from €569,908 to €923,221
of which Trade receivables: +€250,054
- Stocks and contracts +€115,275
up €115,275 (+20.6%), from €559,622 to €674,897
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+139.8%), from €861,500 to €2.1m
- Other debts +€110,020
up €110,020 (+20.2%), from €544,579 to €654,599
Income statement
- Gross operating margin +€1.2m
up €1.2m (+54.7%), from €2.2m to €3.3m
- Staff costs +€278,701
up €278,701 (+25.5%), from €1.1m to €1.4m
- Taxes +€169,816
up €169,816 (+68.4%), from €248,103 to €417,919
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.
Result 2024
€697,311
Gross operating margin
+€1.2m
Staff costs
-€278,701
Depreciation
-€20,742
Write-downs
+€9,806
Other operating charges
-€220
Financial income
+€32,037
Financial charges
+€3,072
Taxes
-€169,816
Result 2025
€1.5m
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.
From operations
+€1.2m
Investment
+€341,335
Financing
-€253,115
Cash 2024
€554,867
From operations (derived)
+€1.2m
Net result for the year
+€1.5m
Depreciation
+€107,816
Stocks and contracts
-€115,275
Receivables within one year
-€353,313
Deferred charges and accrued income
-€6,916
Trade debts
-€31,106
Tax, wage and social debts
+€22,191
Other debts
+€110,020
Investment (derived)
+€341,335
Investment in fixed assets (net)
-€158,665
Current investments
+€500,000
Financing
-€253,115
Debts after one year
-€11,556
Current portion of long-term debt
+€8,441
Contributions, distributions and other
-€250,000
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,532,084 | €3,834,238 | +€1.3m | +51.4% |
| Fixed assets | 21/28 | €347,687 | €398,535 | +€50,848 | +14.6% |
| Intangible fixed assets | 21 | - | €20,248 | +€20,248 | |
| Tangible fixed assets | 22/27 | €346,487 | €377,088 | +€30,601 | +8.8% |
| Plant, machinery and equipment | 23 | €6,036 | €4,605 | -€1,431 | -23.7% |
| Furniture and vehicles | 24 | €324,111 | €298,594 | -€25,516 | -7.9% |
| Other tangible fixed assets | 26 | €16,340 | €73,888 | +€57,548 | +352.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €2,184,397 | €3,435,702 | +€1.3m | +57.3% |
| Stocks and contracts in progress | 3 | €559,622 | €674,897 | +€115,275 | +20.6% |
| Stocks | 30/36 | €559,622 | €674,897 | +€115,275 | +20.6% |
| Amounts receivable within one year | 40/41 | €569,908 | €923,221 | +€353,313 | +62.0% |
| Trade receivables | 40 | €478,360 | €728,414 | +€250,054 | +52.3% |
| Other amounts receivable | 41 | €91,549 | €194,807 | +€103,259 | +112.8% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €554,867 | €1,830,669 | +€1.3m | +229.9% |
| Deferred charges and accrued income | 490/1 | €0 | €6,916 | +€6,916 | |
| Total equity and liabilities | 10/49 | €2,532,084 | €3,834,238 | +€1.3m | +51.4% |
| Equity | 10/15 | €866,500 | €2,070,664 | +€1.2m | +139.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €861,500 | €2,065,664 | +€1.2m | +139.8% |
| Amounts payable | 17/49 | €1,665,583 | €1,763,573 | +€97,990 | +5.9% |
| Amounts payable after more than one year | 17 | €137,552 | €125,996 | -€11,556 | -8.4% |
| Financial debts | 170/4 | €137,552 | €125,996 | -€11,556 | -8.4% |
| Amounts payable within one year | 42/48 | €1,528,032 | €1,637,577 | +€109,546 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €83,414 | €91,855 | +€8,441 | +10.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €619,988 | €588,882 | -€31,106 | -5.0% |
| Suppliers | 440/4 | €619,988 | €588,882 | -€31,106 | -5.0% |
| Taxes, remuneration and social security | 45 | €280,051 | €302,241 | +€22,191 | +7.9% |
| Taxes | 450/3 | €137,410 | €120,972 | -€16,438 | -12.0% |
| Remuneration and social security | 454/9 | €142,641 | €181,269 | +€38,628 | +27.1% |
| Other amounts payable | 47/48 | €544,579 | €654,599 | +€110,020 | +20.2% |
| Non-recurring operating income | 76A | €0 | €480 | +€480 | |
| Remuneration, social security and pensions | 62 | €1,091,906 | €1,370,607 | +€278,701 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,074 | €107,816 | +€20,742 | +23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,806 | €0 | -€9,806 | -100.0% |
| Other operating charges | 640/8 | €4,317 | €4,537 | +€220 | +5.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,161,216 | €3,342,635 | +€1.2m | +54.7% |
| Operating profit (loss) | 9901 | €968,114 | €1,859,674 | +€891,560 | +92.1% |
| Financial income | 75/76B | €13,786 | €45,823 | +€32,037 | +232.4% |
| Recurring financial income | 75 | €13,786 | €45,823 | +€32,037 | +232.4% |
| Financial charges | 65/66B | €36,486 | €33,414 | -€3,072 | -8.4% |
| Recurring financial charges | 65 | €36,486 | €33,414 | -€3,072 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €945,414 | €1,872,083 | +€926,669 | +98.0% |
| Income taxes | 67/77 | €248,103 | €417,919 | +€169,816 | +68.4% |
| Profit (loss) for the period | 9904 | €697,311 | €1,454,164 | +€756,853 | +108.5% |
| Profit (loss) for the period to be appropriated | 9905 | €697,311 | €1,454,164 | +€756,853 | +108.5% |
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 2 October 2026 via checked.be.