AVITAN: 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.
AVITAN
Largest movements
- Tangible fixed assets +€2.6m
up €2.6m (+15913.0%), from €16,269 to €2.6m
of which Land and buildings: +€2.6m
- Receivables within one year +€231,943
up €231,943 (+389.3%), from €59,587 to €291,530
of which Other amounts receivable: +€237,292
- Cash -€146,641
down €146,641 (-62.9%), from €233,061 to €86,420
mainly Investment in fixed assets (net) (-€2.6m) and Receivables within one year (-€231,943)
- Debts after one year +€2.0m
up €2.0m (+1108.5%), from €176,580 to €2.1m
- Other debts +€449,424
up €449,424 (+696.8%), from €64,498 to €513,922
- Current portion of long-term debt +€200,005
up €200,005 (+350.2%), from €57,117 to €257,122
- Profit (loss) carried forward +€40,906
up €40,906 (+41.4%), from €98,775 to €139,681
- Gross operating margin -€36,653
down €36,653 (-25.6%), from €143,102 to €106,450
- Financial charges +€18,327
up €18,327 (+362.9%), from €5,051 to €23,378
- Taxes -€17,624
down €17,624 (-50.8%), from €34,700 to €17,076
- Depreciation +€16,249
up €16,249 (+217.5%), from €7,469 to €23,718
- Other operating charges +€2,366
up €2,366 (+219.6%), from €1,077 to €3,443
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.
Cash bridge derived
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 | €863,959 | €3,547,254 | +€2.7m | +310.6% |
| Fixed assets | 21/28 | €416,269 | €3,005,102 | +€2.6m | +621.9% |
| Tangible fixed assets | 22/27 | €16,269 | €2,605,102 | +€2.6m | +15913.0% |
| Land and buildings | 22 | - | €2,594,695 | +€2.6m | |
| Plant, machinery and equipment | 23 | €11,168 | €6,131 | -€5,037 | -45.1% |
| Furniture and vehicles | 24 | €1,118 | €805 | -€313 | -28.0% |
| Other tangible fixed assets | 26 | €3,983 | €3,470 | -€513 | -12.9% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €447,690 | €542,152 | +€94,462 | +21.1% |
| Amounts receivable after more than one year | 29 | €150,508 | €152,675 | +€2,167 | +1.4% |
| Other amounts receivable | 291 | €150,508 | €152,675 | +€2,167 | +1.4% |
| Amounts receivable within one year | 40/41 | €59,587 | €291,530 | +€231,943 | +389.3% |
| Trade receivables | 40 | €24,401 | €19,053 | -€5,349 | -21.9% |
| Other amounts receivable | 41 | €35,186 | €272,477 | +€237,292 | +674.4% |
| Cash at bank and in hand | 54/58 | €233,061 | €86,420 | -€146,641 | -62.9% |
| Deferred charges and accrued income | 490/1 | €4,534 | €11,528 | +€6,993 | +154.2% |
| Total equity and liabilities | 10/49 | €863,959 | €3,547,254 | +€2.7m | +310.6% |
| Equity | 10/15 | €542,141 | €583,047 | +€40,906 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424,766 | €424,766 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €340,566 | €340,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,775 | €139,681 | +€40,906 | +41.4% |
| Amounts payable | 17/49 | €321,818 | €2,964,207 | +€2.6m | +821.1% |
| Amounts payable after more than one year | 17 | €176,580 | €2,134,030 | +€2.0m | +1108.5% |
| Financial debts | 170/4 | €176,580 | €2,134,030 | +€2.0m | +1108.5% |
| Amounts payable within one year | 42/48 | €145,238 | €825,147 | +€679,909 | +468.1% |
| Current portion of amounts payable after more than one year | 42 | €57,117 | €257,122 | +€200,005 | +350.2% |
| Financial debts | 43 | €20,932 | - | -€20,932 | |
| Credit institutions | 430/8 | €20,932 | - | -€20,932 | |
| Trade debts | 44 | €2,240 | €36,578 | +€34,338 | +1532.6% |
| Suppliers | 440/4 | €2,240 | €36,578 | +€34,338 | +1532.6% |
| Taxes, remuneration and social security | 45 | €450 | €17,526 | +€17,076 | +3794.6% |
| Taxes | 450/3 | - | €17,076 | +€17,076 | |
| Remuneration and social security | 454/9 | €450 | €450 | = | 0.0% |
| Other amounts payable | 47/48 | €64,498 | €513,922 | +€449,424 | +696.8% |
| Accrued charges and deferred income | 492/3 | - | €5,029 | +€5,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,469 | €23,718 | +€16,249 | +217.5% |
| Other operating charges | 640/8 | €1,077 | €3,443 | +€2,366 | +219.6% |
| Non-recurring operating charges | 66A | - | €1,865 | +€1,865 | |
| Gross operating margin | 9900 | €143,102 | €106,450 | -€36,653 | -25.6% |
| Operating profit (loss) | 9901 | €134,556 | €77,424 | -€57,132 | -42.5% |
| Financial income | 75/76B | €3,969 | €3,935 | -€33 | -0.8% |
| Recurring financial income | 75 | €3,969 | €3,935 | -€33 | -0.8% |
| Financial charges | 65/66B | €5,051 | €23,378 | +€18,327 | +362.9% |
| Recurring financial charges | 65 | €5,051 | €23,378 | +€18,327 | +362.9% |
| Profit (loss) for the period before taxes | 9903 | €133,474 | €57,982 | -€75,493 | -56.6% |
| Income taxes | 67/77 | €34,700 | €17,076 | -€17,624 | -50.8% |
| Profit (loss) for the period | 9904 | €98,775 | €40,906 | -€57,869 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,775 | €40,906 | -€57,869 | -58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.