AVITEX: 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.
AVITEX
Largest movements
- Tangible fixed assets -€23,792
down €23,792 (-6.1%), from €388,778 to €364,986
of which Leasing and similar rights: -€21,407
- Cash -€15,552
down €15,552 (-46.7%), from €33,292 to €17,740
mainly Net result for the year (-€93,364) and Short-term financial debts (-€50,000)
- Receivables after one year -€7,736
no longer reported in 2024 (was €7,736)
- Profit (loss) carried forward -€93,364
down €93,364 (-45.9%), from -€203,195 to -€296,559
- Short-term financial debts -€50,000
down €50,000 (-22.2%), from €225,000 to €175,000
- Trade debts +€48,811
up €48,811 (+54.4%), from €89,768 to €138,578
- Tax, wage and social debts +€33,843
up €33,843 (+160.6%), from €21,071 to €54,914
of which Remuneration and social security: +€27,916
- Current portion of long-term debt +€11,133
up €11,133 (+28.9%), from €38,470 to €49,603
- Gross operating margin -€45,041
down €45,041 (-34.4%), from €130,776 to €85,735
- Financial charges +€7,573
up €7,573 (+52.3%), from €14,471 to €22,045
- Depreciation -€4,529
down €4,529 (-16.0%), from €28,321 to €23,792
- Staff costs +€2,516
up €2,516 (+2.2%), from €113,597 to €116,113
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 | €749,025 | €700,427 | -€48,598 | -6.5% |
| Fixed assets | 21/28 | €511,648 | €487,857 | -€23,792 | -4.6% |
| Tangible fixed assets | 22/27 | €388,778 | €364,986 | -€23,792 | -6.1% |
| Land and buildings | 22 | €272,650 | €271,769 | -€881 | -0.3% |
| Plant, machinery and equipment | 23 | €5,213 | €3,958 | -€1,255 | -24.1% |
| Furniture and vehicles | 24 | €249 | - | -€249 | |
| Leasing and similar rights | 25 | €110,666 | €89,259 | -€21,407 | -19.3% |
| Financial fixed assets | 28 | €122,870 | €122,870 | = | 0.0% |
| Current assets | 29/58 | €237,377 | €212,571 | -€24,806 | -10.5% |
| Amounts receivable after more than one year | 29 | €7,736 | - | -€7,736 | |
| Other amounts receivable | 291 | €7,736 | - | -€7,736 | |
| Stocks and contracts in progress | 3 | €118,061 | €119,319 | +€1,258 | +1.1% |
| Stocks | 30/36 | €118,061 | €119,319 | +€1,258 | +1.1% |
| Amounts receivable within one year | 40/41 | €71,497 | €70,698 | -€799 | -1.1% |
| Trade receivables | 40 | €60,153 | €65,318 | +€5,164 | +8.6% |
| Other amounts receivable | 41 | €11,344 | €5,381 | -€5,963 | -52.6% |
| Cash at bank and in hand | 54/58 | €33,292 | €17,740 | -€15,552 | -46.7% |
| Deferred charges and accrued income | 490/1 | €6,791 | €4,813 | -€1,978 | -29.1% |
| Total equity and liabilities | 10/49 | €749,025 | €700,427 | -€48,598 | -6.5% |
| Equity | 10/15 | €269,540 | €176,176 | -€93,364 | -34.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €348,788 | €348,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €331,394 | €331,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,195 | -€296,559 | -€93,364 | -45.9% |
| Amounts payable | 17/49 | €479,486 | €524,251 | +€44,765 | +9.3% |
| Amounts payable after more than one year | 17 | €52,798 | €52,526 | -€272 | -0.5% |
| Financial debts | 170/4 | €52,798 | €52,526 | -€272 | -0.5% |
| Amounts payable within one year | 42/48 | €426,263 | €471,295 | +€45,031 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €38,470 | €49,603 | +€11,133 | +28.9% |
| Financial debts | 43 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Credit institutions | 430/8 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Trade debts | 44 | €89,768 | €138,578 | +€48,811 | +54.4% |
| Suppliers | 440/4 | €89,768 | €138,578 | +€48,811 | +54.4% |
| Taxes, remuneration and social security | 45 | €21,071 | €54,914 | +€33,843 | +160.6% |
| Taxes | 450/3 | €3,356 | €9,283 | +€5,926 | +176.6% |
| Remuneration and social security | 454/9 | €17,715 | €45,631 | +€27,916 | +157.6% |
| Other amounts payable | 47/48 | €51,955 | €53,200 | +€1,245 | +2.4% |
| Accrued charges and deferred income | 492/3 | €425 | €431 | +€6 | +1.5% |
| Remuneration, social security and pensions | 62 | €113,597 | €116,113 | +€2,516 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,321 | €23,792 | -€4,529 | -16.0% |
| Other operating charges | 640/8 | €16,102 | €16,636 | +€534 | +3.3% |
| Gross operating margin | 9900 | €130,776 | €85,735 | -€45,041 | -34.4% |
| Operating profit (loss) | 9901 | -€27,243 | -€70,806 | -€43,562 | -159.9% |
| Financial income | 75/76B | €123 | €90 | -€33 | -26.7% |
| Recurring financial income | 75 | €123 | €90 | -€33 | -26.7% |
| Financial charges | 65/66B | €14,471 | €22,045 | +€7,573 | +52.3% |
| Recurring financial charges | 65 | €14,471 | €22,045 | +€7,573 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,592 | -€92,761 | -€51,169 | -123.0% |
| Income taxes | 67/77 | €482 | €603 | +€121 | +25.0% |
| Profit (loss) for the period | 9904 | -€42,074 | -€93,364 | -€51,289 | -121.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,074 | -€93,364 | -€51,289 | -121.9% |
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 30 September 2026 via checked.be.