AVIMEC: 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.
AVIMEC
Largest movements
- Receivables within one year -€44,597
down €44,597 (-36.5%), from €122,229 to €77,632
of which Other amounts receivable: -€40,971
- Cash -€41,670
down €41,670 (-63.5%), from €65,638 to €23,967
mainly Net result for the year (-€54,922) and Other debts (-€23,587)
- Tangible fixed assets -€4,242
down €4,242 (-49.1%), from €8,636 to €4,394
of which Plant, machinery and equipment: -€3,584
- Deferred charges and accrued income -€4,193
no longer reported in 2025 (was €4,193)
- Profit (loss) carried forward -€54,922
down €54,922 (-49.6%), from €110,743 to €55,821
- Other debts -€23,587
down €23,587 (-51.4%), from €45,886 to €22,299
- Trade debts -€15,592
down €15,592 (-82.9%), from €18,805 to €3,213
- Tax, wage and social debts -€2,676
down €2,676 (-68.7%), from €3,893 to €1,217
of which Remuneration and social security: -€2,745
- Gross operating margin -€90,108
down €90,108, from €66,838 to -€23,270
- Staff costs -€17,783
down €17,783 (-45.6%), from €39,035 to €21,252
- Taxes +€5,817
new in 2025: €5,817
- Depreciation -€1,017
down €1,017 (-19.3%), from €5,258 to €4,242
- Financial income -€875
down €875 (-99.7%), from €878 to €3
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 | €227,956 | €131,179 | -€96,777 | -42.5% |
| Fixed assets | 21/28 | €8,636 | €4,394 | -€4,242 | -49.1% |
| Tangible fixed assets | 22/27 | €8,636 | €4,394 | -€4,242 | -49.1% |
| Plant, machinery and equipment | 23 | €7,335 | €3,751 | -€3,584 | -48.9% |
| Furniture and vehicles | 24 | €1,301 | €643 | -€658 | -50.6% |
| Current assets | 29/58 | €219,319 | €126,785 | -€92,535 | -42.2% |
| Stocks and contracts in progress | 3 | €27,259 | €25,185 | -€2,074 | -7.6% |
| Stocks | 30/36 | €3,660 | - | -€3,660 | |
| Contracts in progress | 37 | €23,599 | €25,185 | +€1,586 | +6.7% |
| Amounts receivable within one year | 40/41 | €122,229 | €77,632 | -€44,597 | -36.5% |
| Trade receivables | 40 | €81,259 | €77,632 | -€3,626 | -4.5% |
| Other amounts receivable | 41 | €40,971 | - | -€40,971 | |
| Cash at bank and in hand | 54/58 | €65,638 | €23,967 | -€41,670 | -63.5% |
| Deferred charges and accrued income | 490/1 | €4,193 | - | -€4,193 | |
| Total equity and liabilities | 10/49 | €227,956 | €131,179 | -€96,777 | -42.5% |
| Equity | 10/15 | €159,372 | €104,451 | -€54,922 | -34.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,029 | €30,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,169 | €28,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,743 | €55,821 | -€54,922 | -49.6% |
| Amounts payable | 17/49 | €68,583 | €26,728 | -€41,855 | -61.0% |
| Amounts payable within one year | 42/48 | €68,583 | €26,728 | -€41,855 | -61.0% |
| Trade debts | 44 | €18,805 | €3,213 | -€15,592 | -82.9% |
| Suppliers | 440/4 | €18,805 | €3,213 | -€15,592 | -82.9% |
| Taxes, remuneration and social security | 45 | €3,893 | €1,217 | -€2,676 | -68.7% |
| Taxes | 450/3 | - | €70 | +€70 | |
| Remuneration and social security | 454/9 | €3,893 | €1,147 | -€2,745 | -70.5% |
| Other amounts payable | 47/48 | €45,886 | €22,299 | -€23,587 | -51.4% |
| Remuneration, social security and pensions | 62 | €39,035 | €21,252 | -€17,783 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,258 | €4,242 | -€1,017 | -19.3% |
| Other operating charges | 640/8 | €218 | €176 | -€42 | -19.2% |
| Gross operating margin | 9900 | €66,838 | -€23,270 | -€90,108 | |
| Operating profit (loss) | 9901 | €22,326 | -€48,941 | -€71,267 | |
| Financial income | 75/76B | €878 | €3 | -€875 | -99.7% |
| Recurring financial income | 75 | €878 | €3 | -€875 | -99.7% |
| Financial charges | 65/66B | €105 | €166 | +€62 | +58.8% |
| Recurring financial charges | 65 | €105 | €166 | +€62 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | €23,100 | -€49,104 | -€72,204 | |
| Income taxes | 67/77 | - | €5,817 | +€5,817 | |
| Profit (loss) for the period | 9904 | €23,100 | -€54,922 | -€78,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,100 | -€54,922 | -€78,021 |
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 3 October 2026 via checked.be.