AVME: 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.
AVME
Largest movements
- Receivables within one year -€4,835
down €4,835 (-17.7%), from €27,246 to €22,410
of which Trade receivables: -€4,719
- Stocks and contracts +€3,010
up €3,010 (+8.8%), from €34,059 to €37,070
- Tangible fixed assets -€2,830
down €2,830 (-11.3%), from €25,018 to €22,189
of which Plant, machinery and equipment: -€2,563
- Debts after one year -€16,800
down €16,800 (-19.1%), from €88,085 to €71,285
- Profit (loss) carried forward +€8,750
up €8,750 (+13.1%), from -€66,812 to -€58,062
- Short-term financial debts +€5,370
up €5,370 (+168.9%), from €3,180 to €8,549
- Trade debts -€1,841
down €1,841 (-23.9%), from €7,707 to €5,866
- Write-downs -€6,101
down €6,101, from €5,983 to -€118
- Depreciation +€1,996
up €1,996 (+21.4%), from €9,310 to €11,306
- Gross operating margin -€655
down €655 (-2.9%), from €22,294 to €21,639
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,380 | €83,861 | -€4,519 | -5.1% |
| Fixed assets | 21/28 | €26,838 | €24,008 | -€2,830 | -10.5% |
| Tangible fixed assets | 22/27 | €25,018 | €22,189 | -€2,830 | -11.3% |
| Plant, machinery and equipment | 23 | €24,201 | €21,637 | -€2,563 | -10.6% |
| Furniture and vehicles | 24 | €318 | €151 | -€166 | -52.4% |
| Other tangible fixed assets | 26 | €500 | €400 | -€100 | -20.0% |
| Financial fixed assets | 28 | €1,819 | €1,819 | = | 0.0% |
| Current assets | 29/58 | €61,542 | €59,853 | -€1,689 | -2.7% |
| Stocks and contracts in progress | 3 | €34,059 | €37,070 | +€3,010 | +8.8% |
| Stocks | 30/36 | €34,059 | €37,070 | +€3,010 | +8.8% |
| Amounts receivable within one year | 40/41 | €27,246 | €22,410 | -€4,835 | -17.7% |
| Trade receivables | 40 | €27,130 | €22,410 | -€4,719 | -17.4% |
| Other amounts receivable | 41 | €116 | €0 | -€116 | -100.0% |
| Deferred charges and accrued income | 490/1 | €237 | €373 | +€136 | +57.4% |
| Total equity and liabilities | 10/49 | €88,380 | €83,861 | -€4,519 | -5.1% |
| Equity | 10/15 | -€32,092 | -€23,342 | +€8,750 | +27.3% |
| Contributions | 10/11 | €34,720 | €34,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,812 | -€58,062 | +€8,750 | +13.1% |
| Amounts payable | 17/49 | €120,472 | €107,203 | -€13,268 | -11.0% |
| Amounts payable after more than one year | 17 | €88,085 | €71,285 | -€16,800 | -19.1% |
| Other amounts payable | 178/9 | €88,085 | €71,285 | -€16,800 | -19.1% |
| Amounts payable within one year | 42/48 | €30,622 | €34,153 | +€3,532 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €16,898 | €16,898 | = | 0.0% |
| Financial debts | 43 | €3,180 | €8,549 | +€5,370 | +168.9% |
| Credit institutions | 430/8 | €3,180 | €8,549 | +€5,370 | +168.9% |
| Trade debts | 44 | €7,707 | €5,866 | -€1,841 | -23.9% |
| Suppliers | 440/4 | €7,707 | €5,866 | -€1,841 | -23.9% |
| Advances received on contracts in progress | 46 | €635 | €0 | -€635 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,203 | €2,840 | +€637 | +28.9% |
| Taxes | 450/3 | €2,203 | €2,840 | +€637 | +28.9% |
| Accrued charges and deferred income | 492/3 | €1,765 | €1,765 | = | 0.0% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,310 | €11,306 | +€1,996 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,983 | -€118 | -€6,101 | |
| Other operating charges | 640/8 | €668 | €736 | +€68 | +10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,294 | €21,639 | -€655 | -2.9% |
| Operating profit (loss) | 9901 | €6,333 | €9,716 | +€3,383 | +53.4% |
| Financial income | 75/76B | €2 | €8 | +€7 | +397.1% |
| Recurring financial income | 75 | €2 | €8 | +€7 | +397.1% |
| Financial charges | 65/66B | €1,068 | €974 | -€94 | -8.8% |
| Recurring financial charges | 65 | €1,068 | €974 | -€94 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €5,267 | €8,750 | +€3,483 | +66.1% |
| Profit (loss) for the period | 9904 | €5,267 | €8,750 | +€3,483 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,267 | €8,750 | +€3,483 | +66.1% |
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 28 September 2026 via checked.be.