AVIETECH GROUP: 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.
AVIETECH GROUP
Largest movements
- Tangible fixed assets +€421,152
up €421,152 (+12.8%), from €3.3m to €3.7m
of which Land and buildings: +€495,152
- Cash +€124,735
up €124,735 (+31.9%), from €390,611 to €515,346
mainly Debts after one year (+€391,945) and Depreciation (+€252,714)
- Debts after one year +€391,945
up €391,945 (+15.7%), from €2.5m to €2.9m
- Reserves +€150,861
up €150,861 (+41.5%), from €363,924 to €514,785
of which Tax-exempt reserves: +€150,861
- Provisions +€50,287
up €50,287 (+41.8%), from €120,308 to €170,595
- Other debts -€45,825
down €45,825 (-21.2%), from €216,307 to €170,482
- Gross operating margin -€232,576
down €232,576 (-29.1%), from €798,987 to €566,411
- Depreciation +€68,801
up €68,801 (+37.4%), from €183,913 to €252,714
- Taxes -€25,494
down €25,494 (-98.2%), from €25,974 to €479
- Financial charges +€11,477
up €11,477 (+16.1%), from €71,422 to €82,899
- Other operating charges +€10,697
up €10,697 (+150.1%), from €7,126 to €17,823
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 | €3,972,592 | €4,500,252 | +€527,660 | +13.3% |
| Fixed assets | 21/28 | €3,316,056 | €3,728,868 | +€412,812 | +12.4% |
| Tangible fixed assets | 22/27 | €3,295,716 | €3,716,868 | +€421,152 | +12.8% |
| Land and buildings | 22 | €3,208,526 | €3,703,678 | +€495,152 | +15.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €87,190 | €13,190 | -€74,000 | -84.9% |
| Financial fixed assets | 28 | €20,340 | €12,000 | -€8,340 | -41.0% |
| Current assets | 29/58 | €656,536 | €771,385 | +€114,848 | +17.5% |
| Amounts receivable within one year | 40/41 | €264,059 | €256,039 | -€8,021 | -3.0% |
| Trade receivables | 40 | €244,322 | €249,821 | +€5,498 | +2.3% |
| Other amounts receivable | 41 | €19,737 | €6,218 | -€13,519 | -68.5% |
| Cash at bank and in hand | 54/58 | €390,611 | €515,346 | +€124,735 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,866 | €0 | -€1,866 | -100.0% |
| Total equity and liabilities | 10/49 | €3,972,592 | €4,500,252 | +€527,660 | +13.3% |
| Equity | 10/15 | €853,275 | €1,002,949 | +€149,674 | +17.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €363,924 | €514,785 | +€150,861 | +41.5% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €360,924 | €511,785 | +€150,861 | +41.8% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €459,350 | €458,164 | -€1,186 | -0.3% |
| Provisions and deferred taxes | 16 | €120,308 | €170,595 | +€50,287 | +41.8% |
| Deferred taxes | 168 | €120,308 | €170,595 | +€50,287 | +41.8% |
| Amounts payable | 17/49 | €2,999,009 | €3,326,708 | +€327,699 | +10.9% |
| Amounts payable after more than one year | 17 | €2,489,664 | €2,881,609 | +€391,945 | +15.7% |
| Financial debts | 170/4 | €2,489,664 | €2,881,609 | +€391,945 | +15.7% |
| Amounts payable within one year | 42/48 | €507,696 | €445,099 | -€62,596 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €205,147 | €200,839 | -€4,307 | -2.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €51,400 | €56,610 | +€5,210 | +10.1% |
| Suppliers | 440/4 | €51,400 | €56,610 | +€5,210 | +10.1% |
| Advances received on contracts in progress | 46 | - | €3,526 | +€3,526 | |
| Taxes, remuneration and social security | 45 | €34,842 | €13,642 | -€21,200 | -60.8% |
| Taxes | 450/3 | €34,842 | €13,642 | -€21,200 | -60.8% |
| Other amounts payable | 47/48 | €216,307 | €170,482 | -€45,825 | -21.2% |
| Accrued charges and deferred income | 492/3 | €1,650 | €0 | -€1,650 | -100.0% |
| Non-recurring operating income | 76A | €386,703 | €231,338 | -€155,365 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,913 | €252,714 | +€68,801 | +37.4% |
| Other operating charges | 640/8 | €7,126 | €17,823 | +€10,697 | +150.1% |
| Non-recurring operating charges | 66A | €0 | €19,568 | +€19,568 | |
| Gross operating margin | 9900 | €798,987 | €566,411 | -€232,576 | -29.1% |
| Operating profit (loss) | 9901 | €607,948 | €276,306 | -€331,642 | -54.6% |
| Financial income | 75/76B | €5,364 | €7,034 | +€1,670 | +31.1% |
| Recurring financial income | 75 | €5,364 | €7,034 | +€1,670 | +31.1% |
| Financial charges | 65/66B | €71,422 | €82,899 | +€11,477 | +16.1% |
| Recurring financial charges | 65 | €71,422 | €82,899 | +€11,477 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €541,889 | €200,441 | -€341,449 | -63.0% |
| Transfer from deferred taxes | 780 | €7,548 | €7,548 | -€0 | 0.0% |
| Transfer to deferred taxes | 680 | €96,676 | €57,835 | -€38,841 | -40.2% |
| Income taxes | 67/77 | €25,974 | €479 | -€25,494 | -98.2% |
| Profit (loss) for the period | 9904 | €426,787 | €149,674 | -€277,113 | -64.9% |
| Transfer from tax-exempt reserves | 789 | €22,643 | €22,643 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €290,027 | €173,504 | -€116,524 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €159,403 | -€1,186 | -€160,589 |
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 28 September 2026 via checked.be.