AVR SYSTEMS: 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.
AVR SYSTEMS
Largest movements
- Receivables within one year -€23,320
down €23,320 (-15.2%), from €153,325 to €130,005
of which Trade receivables: -€20,340
- Cash +€21,276
up €21,276 (+101.2%), from €21,023 to €42,299
mainly Advances received (+€36,050) and Receivables within one year (+€23,320)
- Tangible fixed assets -€3,756
down €3,756 (-53.3%), from €7,046 to €3,289
- Stocks and contracts -€2,054
down €2,054 (-11.6%), from €17,784 to €15,730
- Trade debts -€47,356
down €47,356 (-81.9%), from €57,800 to €10,444
- Advances received +€36,050
up €36,050 (+3019.7%), from €1,194 to €37,244
- Other debts +€16,861
up €16,861 (+18.0%), from €93,519 to €110,380
- Profit (loss) carried forward -€7,842
down €7,842 (-19.3%), from -€40,576 to -€48,418
- Current portion of long-term debt -€3,285
down €3,285 (-100.0%), from €3,285 to €0
- Gross operating margin -€9,837
down €9,837, from €8,311 to -€1,525
- Write-downs -€1,250
no longer reported in 2024 (was €1,250)
- Depreciation -€843
down €843 (-18.3%), from €4,599 to €3,756
- Other operating charges +€360
up €360 (+44.6%), from €806 to €1,166
- Financial charges +€134
up €134 (+13.1%), from €1,025 to €1,159
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 | €199,178 | €191,323 | -€7,854 | -3.9% |
| Fixed assets | 21/28 | €7,046 | €3,289 | -€3,756 | -53.3% |
| Tangible fixed assets | 22/27 | €7,046 | €3,289 | -€3,756 | -53.3% |
| Furniture and vehicles | 24 | €7,046 | €3,289 | -€3,756 | -53.3% |
| Current assets | 29/58 | €192,132 | €188,034 | -€4,098 | -2.1% |
| Stocks and contracts in progress | 3 | €17,784 | €15,730 | -€2,054 | -11.6% |
| Stocks | 30/36 | €17,784 | €15,730 | -€2,054 | -11.6% |
| Amounts receivable within one year | 40/41 | €153,325 | €130,005 | -€23,320 | -15.2% |
| Trade receivables | 40 | €27,766 | €7,426 | -€20,340 | -73.3% |
| Other amounts receivable | 41 | €125,559 | €122,580 | -€2,980 | -2.4% |
| Cash at bank and in hand | 54/58 | €21,023 | €42,299 | +€21,276 | +101.2% |
| Total equity and liabilities | 10/49 | €199,178 | €191,323 | -€7,854 | -3.9% |
| Equity | 10/15 | €31,685 | €23,843 | -€7,842 | -24.7% |
| Contributions | 10/11 | €65,692 | €65,692 | = | 0.0% |
| Capital | 10 | - | €65,692 | +€65,692 | |
| Issued capital | 100 | - | €65,692 | +€65,692 | |
| Reserves | 13 | €6,569 | €6,569 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,569 | €6,569 | = | 0.0% |
| Legal reserve | 130 | - | €6,569 | +€6,569 | |
| Reserves not available under the articles | 1311 | €6,569 | - | -€6,569 | |
| Profit (loss) carried forward | 14 | -€40,576 | -€48,418 | -€7,842 | -19.3% |
| Amounts payable | 17/49 | €167,493 | €167,480 | -€12 | 0.0% |
| Amounts payable after more than one year | 17 | €1,643 | - | -€1,643 | |
| Financial debts | 170/4 | €1,643 | - | -€1,643 | |
| Amounts payable within one year | 42/48 | €165,850 | €167,480 | +€1,630 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €3,285 | €0 | -€3,285 | -100.0% |
| Financial debts | 43 | €9,413 | €9,413 | -€0 | 0.0% |
| Credit institutions | 430/8 | €413 | €413 | -€0 | 0.0% |
| Other loans | 439 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €57,800 | €10,444 | -€47,356 | -81.9% |
| Suppliers | 440/4 | €57,800 | €10,444 | -€47,356 | -81.9% |
| Advances received on contracts in progress | 46 | €1,194 | €37,244 | +€36,050 | +3019.7% |
| Taxes, remuneration and social security | 45 | €639 | - | -€639 | |
| Taxes | 450/3 | €639 | - | -€639 | |
| Other amounts payable | 47/48 | €93,519 | €110,380 | +€16,861 | +18.0% |
| Remuneration, social security and pensions | 62 | €311 | €235 | -€76 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,599 | €3,756 | -€843 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,250 | - | -€1,250 | |
| Other operating charges | 640/8 | €806 | €1,166 | +€360 | +44.6% |
| Gross operating margin | 9900 | €8,311 | -€1,525 | -€9,837 | |
| Operating profit (loss) | 9901 | €1,345 | -€6,683 | -€8,028 | |
| Financial income | 75/76B | €58 | - | -€58 | |
| Recurring financial income | 75 | €58 | - | -€58 | |
| Financial charges | 65/66B | €1,025 | €1,159 | +€134 | +13.1% |
| Recurring financial charges | 65 | €1,025 | €1,159 | +€134 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €378 | -€7,842 | -€8,220 | |
| Profit (loss) for the period | 9904 | €378 | -€7,842 | -€8,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €378 | -€7,842 | -€8,220 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.