AVIS BELGIUM: what changed
What changed
AVIS BELGIUM
NACE 77.110, Renting and leasing of cars and light motor vehicles
filed annual accounts (NBB)
Net result for the year
-€692,280
2023 · €2.3m-€2.9m
Equity
€41.3m
2023 · €42.0m-€692,280
Cash
€394,332
2023 · €401,400-€7,068
Balance sheet total
€97.6m
2023 · €97.2m+€399,915
Largest movements
Assets
- Tangible fixed assets +€1.0m
up €1.0m (+1.6%), from €64.0m to €65.0m
of which Leasing and similar rights: +€7.5m
Equity and liabilities
- Current portion of long-term debt +€7.4m
up €7.4m (+59.9%), from €12.4m to €19.8m
- Tax, wage and social debts -€3.1m
down €3.1m (-73.6%), from €4.3m to €1.1m
of which Remuneration and social security: -€2.6m
- Other debts -€2.6m
down €2.6m (-9.1%), from €29.0m to €26.4m
Income statement
- Turnover -€3.2m
down €3.2m (-9.7%), from €33.2m to €29.9m
- Other operating income +€3.1m
up €3.1m (+22.3%), from €13.8m to €16.8m
- Other operating charges +€2.3m
up €2.3m (+83.2%), from €2.8m to €5.1m
- Staff costs -€1.9m
down €1.9m (-24.1%), from €8.0m to €6.0m
- Depreciation +€1.5m
up €1.5m (+16.2%), from €9.5m to €11.0m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€2.3m
Turnover
-€3.2m
Other operating income
+€3.1m
Goods and materials
+€46,280
Services and other goods
+€180,890
Staff costs
+€1.9m
Depreciation
-€1.5m
Write-downs
-€542,132
Provisions
-€361,884
Other operating charges
-€2.3m
Other operating items
-€247,498
Financial income
-€544,871
Financial charges
-€378,016
Taxes
+€974,894
Result 2024
-€692,280
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.9m
Investment
-€11.3m
Financing
+€7.4m
Cash 2023
€401,400
From operations (derived)
+€3.9m
Net result for the year
-€692,280
Depreciation
+€11.0m
Smaller working-capital items
+€37,274
Receivables within one year
-€941,189
Deferred charges and accrued income
+€827,565
Trade debts
-€575,644
Tax, wage and social debts
-€3.1m
Other debts
-€2.6m
Investment (derived)
-€11.3m
Investment in fixed assets (net)
-€11.3m
Financing
+€7.4m
Current portion of long-term debt
+€7.4m
Contributions, distributions and other
-€0
Cash 2024
€394,332
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,239,820 | €97,639,735 | +€399,915 | +0.4% |
| Fixed assets | 21/28 | €73,197,490 | €73,492,399 | +€294,909 | +0.4% |
| Intangible fixed assets | 21 | €8,688,074 | €7,973,986 | -€714,088 | -8.2% |
| Tangible fixed assets | 22/27 | €64,009,695 | €65,010,357 | +€1.0m | +1.6% |
| Plant, machinery and equipment | 23 | €452,686 | €321,617 | -€131,069 | -29.0% |
| Furniture and vehicles | 24 | €92,613 | €90,637 | -€1,976 | -2.1% |
| Leasing and similar rights | 25 | €12,439,682 | €19,935,230 | +€7.5m | +60.3% |
| Other tangible fixed assets | 26 | €50,967,876 | €44,624,308 | -€6.3m | -12.4% |
| Assets under construction and advance payments | 27 | €56,839 | €38,565 | -€18,274 | -32.2% |
| Financial fixed assets | 28 | €499,721 | €508,056 | +€8,335 | +1.7% |
| Other financial fixed assets | 284/8 | €499,721 | €508,056 | +€8,335 | +1.7% |
| Amounts receivable and cash guarantees | 285/8 | €499,721 | €508,056 | +€8,335 | +1.7% |
| Current assets | 29/58 | €24,042,330 | €24,147,336 | +€105,006 | +0.4% |
| Stocks and contracts in progress | 3 | €138,226 | €136,676 | -€1,550 | -1.1% |
| Stocks | 30/36 | €138,226 | €136,676 | -€1,550 | -1.1% |
| Goods purchased for resale | 34 | €138,226 | €136,676 | -€1,550 | -1.1% |
| Amounts receivable within one year | 40/41 | €21,955,692 | €22,896,881 | +€941,189 | +4.3% |
| Trade receivables | 40 | €13,569,921 | €17,323,487 | +€3.8m | +27.7% |
| Other amounts receivable | 41 | €8,385,771 | €5,573,394 | -€2.8m | -33.5% |
| Cash at bank and in hand | 54/58 | €401,400 | €394,332 | -€7,068 | -1.8% |
| Deferred charges and accrued income | 490/1 | €1,547,012 | €719,447 | -€827,565 | -53.5% |
| Total equity and liabilities | 10/49 | €97,239,820 | €97,639,735 | +€399,915 | +0.4% |
| Equity | 10/15 | €42,004,065 | €41,311,785 | -€692,280 | -1.6% |
| Contributions | 10/11 | €18,344,445 | €18,344,445 | +€0 | 0.0% |
| Capital | 10 | €12,395,000 | €12,395,000 | = | 0.0% |
| Issued capital | 100 | €12,395,000 | €12,395,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,949,445 | €5,949,445 | +€0 | 0.0% |
| Share premium | 1100/10 | €5,949,445 | €5,949,445 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €92,612 | €92,612 | -€0 | 0.0% |
| Reserves | 13 | €2,252,837 | €2,252,836 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,239,500 | €1,239,500 | = | 0.0% |
| Legal reserve | 130 | €1,239,500 | €1,239,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €950,804 | €950,804 | -€0 | 0.0% |
| Distributable reserves | 133 | €62,532 | €62,532 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €21,314,172 | €20,621,892 | -€692,280 | -3.2% |
| Provisions and deferred taxes | 16 | €1,590,056 | €1,608,595 | +€18,539 | +1.2% |
| Provisions for liabilities and charges | 160/5 | €1,590,056 | €1,608,595 | +€18,539 | +1.2% |
| Major repairs and maintenance | 162 | €1,550,056 | €1,608,595 | +€58,539 | +3.8% |
| Other liabilities and charges | 164/5 | €40,000 | - | -€40,000 | |
| Amounts payable | 17/49 | €53,645,699 | €54,719,355 | +€1.1m | +2.0% |
| Amounts payable within one year | 42/48 | €51,747,732 | €52,805,624 | +€1.1m | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €12,362,692 | €19,773,254 | +€7.4m | +59.9% |
| Trade debts | 44 | €6,070,823 | €5,495,179 | -€575,644 | -9.5% |
| Suppliers | 440/4 | €6,070,823 | €5,495,179 | -€575,644 | -9.5% |
| Advances received on contracts in progress | 46 | €352 | €1,774 | +€1,422 | +404% |
| Taxes, remuneration and social security | 45 | €4,274,259 | €1,130,143 | -€3.1m | -73.6% |
| Taxes | 450/3 | €606,375 | €88,148 | -€518,227 | -85.5% |
| Remuneration and social security | 454/9 | €3,667,884 | €1,041,995 | -€2.6m | -71.6% |
| Other amounts payable | 47/48 | €29,039,606 | €26,405,274 | -€2.6m | -9.1% |
| Accrued charges and deferred income | 492/3 | €1,897,967 | €1,913,731 | +€15,764 | +0.8% |
| Operating income | 70/76A | €46,911,551 | €46,756,839 | -€154,712 | -0.3% |
| Turnover | 70 | €33,159,129 | €29,944,195 | -€3.2m | -9.7% |
| Other operating income | 74 | €13,752,422 | €16,812,644 | +€3.1m | +22.3% |
| Operating charges | 60/66A | €41,598,329 | €44,445,319 | +€2.8m | +6.8% |
| Goods for resale, raw materials and consumables | 60 | €647,801 | €601,521 | -€46,280 | -7.1% |
| Purchases | 600/8 | €642,125 | €599,971 | -€42,154 | -6.6% |
| Change in stocks: decrease (increase) | 609 | €5,676 | €1,550 | -€4,126 | -72.7% |
| Services and other goods | 61 | €20,931,682 | €20,750,792 | -€180,890 | -0.9% |
| Remuneration, social security and pensions | 62 | €7,962,141 | €6,040,798 | -€1.9m | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,508,449 | €11,049,321 | +€1.5m | +16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €121,000 | €663,132 | +€542,132 | +448% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€343,345 | €18,539 | +€361,884 | |
| Other operating charges | 640/8 | €2,767,751 | €5,070,868 | +€2.3m | +83.2% |
| Non-recurring operating charges | 66A | €2,850 | €250,348 | +€247,498 | +8,684% |
| Operating profit (loss) | 9901 | €5,313,223 | €2,311,520 | -€3.0m | -56.5% |
| Financial income | 75/76B | €544,871 | €0 | -€544,871 | -100% |
| Recurring financial income | 75 | €544,871 | €0 | -€544,871 | -100% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €544,144 | - | -€544,144 | |
| Other financial income | 752/9 | €727 | - | -€727 | |
| Financial charges | 65/66B | €2,554,407 | €2,932,423 | +€378,016 | +14.8% |
| Recurring financial charges | 65 | €2,554,407 | €2,932,423 | +€378,016 | +14.8% |
| Debt charges | 650 | €1,809,278 | €1,966,864 | +€157,586 | +8.7% |
| Other financial charges | 652/9 | €745,129 | €965,559 | +€220,430 | +29.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €3,303,687 | -€620,903 | -€3.9m | |
| Income taxes | 67/77 | €1,046,271 | €71,377 | -€974,894 | -93.2% |
| Taxes | 670/3 | €1,049,501 | €71,377 | -€978,124 | -93.2% |
| Tax adjustments and reversals of tax provisions | 77 | €3,230 | - | -€3,230 | |
| Profit (loss) for the period | 9904 | €2,257,416 | -€692,280 | -€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,257,416 | -€692,280 | -€2.9m |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.