AVIMEX: 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.
AVIMEX
Largest movements
- Tangible fixed assets +€31,215
up €31,215 (+279%), from €11,200 to €42,415
of which Plant, machinery and equipment: +€34,720
- Cash -€6,638
down €6,638 (-30.0%), from €22,154 to €15,516
mainly Net result for the year (-€46,017) and Investment in fixed assets (net) (-€40,800)
- Receivables within one year +€4,161
up €4,161 (+4.3%), from €97,347 to €101,509
of which Trade receivables: +€6,363
- Other debts +€30,999
up €30,999 (+102%), from €30,290 to €61,289
- Purchases and services -€28,735
down €28,735 (-44.7%), from €64,237 to €35,502
- Turnover -€17,065
down €17,065 (-33.7%), from €50,713 to €33,648
- Gross operating margin +€7,709
up €7,709 (+90.0%), from -€8,567 to -€858
- Depreciation +€4,622
up €4,622 (+93.1%), from €4,963 to €9,585
- Other operating charges -€1,160
down €1,160 (-47.4%), from €2,446 to €1,286
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,837 | €177,614 | +€28,778 | +19.3% |
| Fixed assets | 21/28 | €11,416 | €42,631 | +€31,215 | +273% |
| Tangible fixed assets | 22/27 | €11,200 | €42,415 | +€31,215 | +279% |
| Plant, machinery and equipment | 23 | €3,991 | €38,711 | +€34,720 | +870% |
| Furniture and vehicles | 24 | €7,209 | €3,704 | -€3,505 | -48.6% |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €137,420 | €134,983 | -€2,437 | -1.8% |
| Stocks and contracts in progress | 3 | €11,946 | €11,946 | = | 0.0% |
| Stocks | 30/36 | €11,946 | €11,946 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,347 | €101,509 | +€4,161 | +4.3% |
| Trade receivables | 40 | €62,953 | €69,316 | +€6,363 | +10.1% |
| Other amounts receivable | 41 | €34,394 | €32,193 | -€2,201 | -6.4% |
| Current investments | 50/53 | €5,668 | €5,668 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,154 | €15,516 | -€6,638 | -30.0% |
| Deferred charges and accrued income | 490/1 | €306 | €345 | +€39 | +12.8% |
| Total equity and liabilities | 10/49 | €148,837 | €177,614 | +€28,778 | +19.3% |
| Equity | 10/15 | €109,554 | €109,554 | = | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €166,200 | €166,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,646 | -€118,646 | = | 0.0% |
| Amounts payable | 17/49 | €39,283 | €68,061 | +€28,778 | +73.3% |
| Amounts payable within one year | 42/48 | €39,283 | €68,061 | +€28,778 | +73.3% |
| Trade debts | 44 | €1,794 | €336 | -€1,458 | -81.3% |
| Suppliers | 440/4 | €1,794 | €336 | -€1,458 | -81.3% |
| Taxes, remuneration and social security | 45 | €7,199 | €6,435 | -€764 | -10.6% |
| Remuneration and social security | 454/9 | €7,199 | €6,435 | -€764 | -10.6% |
| Other amounts payable | 47/48 | €30,290 | €61,289 | +€30,999 | +102% |
| Turnover | 70 | €50,713 | €33,648 | -€17,065 | -33.7% |
| Non-recurring operating income | 76A | €4,957 | - | -€4,957 | |
| Goods, raw materials, services and sundry goods | 60/61 | €64,237 | €35,502 | -€28,735 | -44.7% |
| Remuneration, social security and pensions | 62 | €32,380 | €33,513 | +€1,133 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,963 | €9,585 | +€4,622 | +93.1% |
| Other operating charges | 640/8 | €2,446 | €1,286 | -€1,160 | -47.4% |
| Non-recurring operating charges | 66A | €5,149 | - | -€5,149 | |
| Gross operating margin | 9900 | -€8,567 | -€858 | +€7,709 | +90.0% |
| Operating profit (loss) | 9901 | -€53,506 | -€45,242 | +€8,264 | +15.4% |
| Financial income | 75/76B | €30 | €0 | -€29 | -98.7% |
| Recurring financial income | 75 | €30 | €0 | -€29 | -98.7% |
| Financial charges | 65/66B | €1,333 | €775 | -€558 | -41.8% |
| Recurring financial charges | 65 | €1,333 | €775 | -€558 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€54,809 | -€46,017 | +€8,792 | +16.0% |
| Income taxes | 67/77 | €369 | - | -€369 | |
| Profit (loss) for the period | 9904 | -€55,178 | -€46,017 | +€9,161 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,178 | -€46,017 | +€9,161 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.