AVITEN: 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.
AVITEN
Largest movements
- Receivables within one year -€67,401
down €67,401 (-36.0%), from €187,241 to €119,840
of which Trade receivables: -€72,160
- Tangible fixed assets -€23,038
down €23,038 (-77.8%), from €29,627 to €6,589
of which Land and buildings: -€26,277
- Cash +€11,002
up €11,002 (+152.2%), from €7,231 to €18,233
mainly Receivables within one year (+€67,401) and Depreciation (+€26,818)
- Deferred charges and accrued income +€6,210
up €6,210 (+150.7%), from €4,122 to €10,332
- Trade debts -€40,578
down €40,578 (-50.6%), from €80,264 to €39,686
- Debts after one year -€34,548
no longer reported in 2023 (was €34,548)
- Reserves +€17,878
up €17,878 (+22.1%), from €81,009 to €98,887
of which Distributable reserves: +€17,878
- Other debts -€11,266
down €11,266 (-92.7%), from €12,147 to €881
- Tax, wage and social debts -€5,782
down €5,782 (-21.1%), from €27,365 to €21,583
of which Taxes: -€5,711
- Gross operating margin +€16,669
up €16,669 (+44.5%), from €37,460 to €54,128
- Depreciation -€7,113
down €7,113 (-21.0%), from €33,931 to €26,818
- Taxes +€6,096
up €6,096 (+5098.3%), from €120 to €6,215
- Other operating charges -€2,052
down €2,052 (-76.1%), from €2,697 to €645
- Staff costs +€1,675
up €1,675 (+133.7%), from €1,253 to €2,928
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,187 | €209,891 | -€74,296 | -26.1% |
| Fixed assets | 21/28 | €30,167 | €7,129 | -€23,038 | -76.4% |
| Tangible fixed assets | 22/27 | €29,627 | €6,589 | -€23,038 | -77.8% |
| Land and buildings | 22 | €28,958 | €2,681 | -€26,277 | -90.7% |
| Plant, machinery and equipment | 23 | €239 | - | -€239 | |
| Furniture and vehicles | 24 | €430 | €3,908 | +€3,478 | +808.6% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €254,020 | €202,762 | -€51,258 | -20.2% |
| Stocks and contracts in progress | 3 | €55,427 | €54,358 | -€1,069 | -1.9% |
| Stocks | 30/36 | €49,427 | €45,358 | -€4,069 | -8.2% |
| Contracts in progress | 37 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €187,241 | €119,840 | -€67,401 | -36.0% |
| Trade receivables | 40 | €165,903 | €93,742 | -€72,160 | -43.5% |
| Other amounts receivable | 41 | €21,338 | €26,098 | +€4,760 | +22.3% |
| Cash at bank and in hand | 54/58 | €7,231 | €18,233 | +€11,002 | +152.2% |
| Deferred charges and accrued income | 490/1 | €4,122 | €10,332 | +€6,210 | +150.7% |
| Total equity and liabilities | 10/49 | €284,187 | €209,891 | -€74,296 | -26.1% |
| Equity | 10/15 | €129,863 | €147,741 | +€17,878 | +13.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €81,009 | €98,887 | +€17,878 | +22.1% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €75,009 | €92,887 | +€17,878 | +23.8% |
| Profit (loss) carried forward | 14 | -€11,146 | -€11,146 | = | 0.0% |
| Amounts payable | 17/49 | €154,324 | €62,151 | -€92,174 | -59.7% |
| Amounts payable after more than one year | 17 | €34,548 | - | -€34,548 | |
| Financial debts | 170/4 | €34,548 | - | -€34,548 | |
| Amounts payable within one year | 42/48 | €119,776 | €62,151 | -€57,626 | -48.1% |
| Trade debts | 44 | €80,264 | €39,686 | -€40,578 | -50.6% |
| Suppliers | 440/4 | €80,264 | €39,686 | -€40,578 | -50.6% |
| Taxes, remuneration and social security | 45 | €27,365 | €21,583 | -€5,782 | -21.1% |
| Taxes | 450/3 | €25,126 | €19,414 | -€5,711 | -22.7% |
| Remuneration and social security | 454/9 | €2,240 | €2,169 | -€71 | -3.2% |
| Other amounts payable | 47/48 | €12,147 | €881 | -€11,266 | -92.7% |
| Remuneration, social security and pensions | 62 | €1,253 | €2,928 | +€1,675 | +133.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,931 | €26,818 | -€7,113 | -21.0% |
| Other operating charges | 640/8 | €2,697 | €645 | -€2,052 | -76.1% |
| Gross operating margin | 9900 | €37,460 | €54,128 | +€16,669 | +44.5% |
| Operating profit (loss) | 9901 | -€421 | €23,737 | +€24,158 | |
| Financial income | 75/76B | €140 | €1,476 | +€1,336 | +955.0% |
| Recurring financial income | 75 | €140 | €1,476 | +€1,336 | +955.0% |
| Financial charges | 65/66B | €511 | €1,120 | +€609 | +119.4% |
| Recurring financial charges | 65 | €511 | €1,120 | +€609 | +119.4% |
| Profit (loss) for the period before taxes | 9903 | -€792 | €24,093 | +€24,885 | |
| Income taxes | 67/77 | €120 | €6,215 | +€6,096 | +5098.3% |
| Profit (loss) for the period | 9904 | -€911 | €17,878 | +€18,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€911 | €17,878 | +€18,790 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2022 and 30 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.