AVOTECH: what changed
Two financial 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.
AVOTECH
Largest movements
- Receivables within one year -€54,642
down €54,642 (-63.9%), from €85,450 to €30,809
of which Trade receivables: -€54,125
- Tangible fixed assets +€13,512
up €13,512 (+14.8%), from €91,538 to €105,050
of which Furniture and vehicles: +€10,740
- Cash +€6,224
up €6,224 (+253%), from €2,463 to €8,687
mainly Receivables within one year (+€54,642) and Net result for the year (+€40,261)
- Trade debts -€41,985
down €41,985 (-65.8%), from €63,776 to €21,791
- Profit (loss) carried forward +€40,261
up €40,261 (+44.0%), from -€91,534 to -€51,273
- Other debts -€22,232
down €22,232 (-20.3%), from €109,619 to €87,387
- Tax, wage and social debts -€8,359
down €8,359 (-65.3%), from €12,795 to €4,436
of which Taxes: -€8,348
- Current portion of long-term debt -€1,868
down €1,868 (-8.8%), from €21,270 to €19,402
- Gross operating margin -€29,696
down €29,696 (-27.1%), from €109,682 to €79,986
- Depreciation -€8,926
down €8,926 (-21.2%), from €42,130 to €33,204
- Staff costs -€5,693
down €5,693 (-77.9%), from €7,310 to €1,617
- Other operating charges -€1,710
down €1,710 (-41.8%), from €4,090 to €2,380
- Financial charges +€1,212
up €1,212 (+90.9%), from €1,333 to €2,546
From the 2024 result to the 2025 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.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,435 | €148,148 | -€34,287 | -18.8% |
| Fixed assets | 21/28 | €91,808 | €105,320 | +€13,512 | +14.7% |
| Tangible fixed assets | 22/27 | €91,538 | €105,050 | +€13,512 | +14.8% |
| Plant, machinery and equipment | 23 | €1,733 | €4,505 | +€2,772 | +160% |
| Furniture and vehicles | 24 | €89,804 | €100,545 | +€10,740 | +12.0% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €90,628 | €42,828 | -€47,800 | -52.7% |
| Amounts receivable within one year | 40/41 | €85,450 | €30,809 | -€54,642 | -63.9% |
| Trade receivables | 40 | €84,933 | €30,809 | -€54,125 | -63.7% |
| Other amounts receivable | 41 | €517 | - | -€517 | |
| Cash at bank and in hand | 54/58 | €2,463 | €8,687 | +€6,224 | +253% |
| Deferred charges and accrued income | 490/1 | €2,714 | €3,332 | +€618 | +22.8% |
| Total equity and liabilities | 10/49 | €182,435 | €148,148 | -€34,287 | -18.8% |
| Equity | 10/15 | -€72,934 | -€32,673 | +€40,261 | +55.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,534 | -€51,273 | +€40,261 | +44.0% |
| Amounts payable | 17/49 | €255,369 | €180,821 | -€74,548 | -29.2% |
| Amounts payable after more than one year | 17 | €47,843 | €47,737 | -€106 | -0.2% |
| Financial debts | 170/4 | €47,843 | €47,737 | -€106 | -0.2% |
| Amounts payable within one year | 42/48 | €207,460 | €133,016 | -€74,444 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €21,270 | €19,402 | -€1,868 | -8.8% |
| Trade debts | 44 | €63,776 | €21,791 | -€41,985 | -65.8% |
| Suppliers | 440/4 | €63,776 | €21,791 | -€41,985 | -65.8% |
| Taxes, remuneration and social security | 45 | €12,795 | €4,436 | -€8,359 | -65.3% |
| Taxes | 450/3 | €12,305 | €3,957 | -€8,348 | -67.8% |
| Remuneration and social security | 454/9 | €490 | €479 | -€11 | -2.2% |
| Other amounts payable | 47/48 | €109,619 | €87,387 | -€22,232 | -20.3% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Remuneration, social security and pensions | 62 | €7,310 | €1,617 | -€5,693 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,130 | €33,204 | -€8,926 | -21.2% |
| Other operating charges | 640/8 | €4,090 | €2,380 | -€1,710 | -41.8% |
| Gross operating margin | 9900 | €109,682 | €79,986 | -€29,696 | -27.1% |
| Operating profit (loss) | 9901 | €56,152 | €42,786 | -€13,367 | -23.8% |
| Financial income | 75/76B | - | €304 | +€304 | |
| Recurring financial income | 75 | - | €304 | +€304 | |
| Financial charges | 65/66B | €1,333 | €2,546 | +€1,212 | +90.9% |
| Recurring financial charges | 65 | €1,333 | €2,546 | +€1,212 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €54,819 | €40,544 | -€14,275 | -26.0% |
| Income taxes | 67/77 | €110 | €283 | +€173 | +157% |
| Profit (loss) for the period | 9904 | €54,708 | €40,261 | -€14,448 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,708 | €40,261 | -€14,448 | -26.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.