AVT EMEA: 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.
AVT EMEA
Largest movements
- Cash -€18.8m
down €18.8m (-96.0%), from €19.6m to €788,619
mainly Contributions, distributions and other (-€20.0m)
- Contributions -€20.0m
down €20.0m (-89.2%), from €22.4m to €2.4m
- Profit (loss) carried forward +€870,780
up €870,780, from -€840,991 to €29,790
- Turnover -€656,506
down €656,506 (-70.8%), from €926,882 to €270,376
- Goods and materials -€526,986
no longer reported in 2024 (was €526,986)
- Other operating income -€195,025
no longer reported in 2024 (was €195,025)
- Financial income +€74,583
up €74,583 (+9.3%), from €801,835 to €876,418
- Staff costs -€66,802
no longer reported in 2024 (was €66,802)
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.
Derived cash bridge
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 | €21,707,183 | €2,750,303 | -€19.0m | -87.3% |
| Current assets | 29/58 | €21,707,183 | €2,750,303 | -€19.0m | -87.3% |
| Amounts receivable within one year | 40/41 | €2,105,797 | €1,961,684 | -€144,113 | -6.8% |
| Other amounts receivable | 41 | €2,105,797 | €1,961,684 | -€144,113 | -6.8% |
| Cash at bank and in hand | 54/58 | €19,601,385 | €788,619 | -€18.8m | -96.0% |
| Total equity and liabilities | 10/49 | €21,707,183 | €2,750,303 | -€19.0m | -87.3% |
| Equity | 10/15 | €21,575,421 | €2,446,202 | -€19.1m | -88.7% |
| Contributions | 10/11 | €22,416,412 | €2,416,412 | -€20.0m | -89.2% |
| Profit (loss) carried forward | 14 | -€840,991 | €29,790 | +€870,780 | |
| Amounts payable | 17/49 | €131,761 | €304,101 | +€172,340 | +131% |
| Amounts payable within one year | 42/48 | €76,961 | €83,129 | +€6,168 | +8.0% |
| Trade debts | 44 | €3,408 | €36,937 | +€33,529 | +984% |
| Suppliers | 440/4 | €3,408 | €36,937 | +€33,529 | +984% |
| Taxes, remuneration and social security | 45 | €73,553 | €46,192 | -€27,361 | -37.2% |
| Taxes | 450/3 | €73,553 | €46,192 | -€27,361 | -37.2% |
| Accrued charges and deferred income | 492/3 | €54,800 | €220,972 | +€166,172 | +303% |
| Operating income | 70/76A | €1,121,907 | €270,376 | -€851,531 | -75.9% |
| Turnover | 70 | €926,882 | €270,376 | -€656,506 | -70.8% |
| Other operating income | 74 | €195,025 | - | -€195,025 | |
| Operating charges | 60/66A | €839,798 | €263,101 | -€576,697 | -68.7% |
| Goods for resale, raw materials and consumables | 60 | €526,986 | - | -€526,986 | |
| Change in stocks: decrease (increase) | 609 | €526,986 | - | -€526,986 | |
| Services and other goods | 61 | €256,626 | €261,841 | +€5,215 | +2.0% |
| Remuneration, social security and pensions | 62 | €66,802 | - | -€66,802 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,441 | €152 | +€12,593 | |
| Other operating charges | 640/8 | €1,826 | €1,108 | -€718 | -39.3% |
| Operating profit (loss) | 9901 | €282,108 | €7,274 | -€274,834 | -97.4% |
| Financial income | 75/76B | €801,835 | €876,418 | +€74,583 | +9.3% |
| Recurring financial income | 75 | €801,835 | €876,418 | +€74,583 | +9.3% |
| Income from current assets | 751 | €799,262 | €871,431 | +€72,170 | +9.0% |
| Other financial income | 752/9 | €2,573 | €4,986 | +€2,413 | +93.8% |
| Financial charges | 65/66B | €8,229 | €28 | -€8,201 | -99.7% |
| Recurring financial charges | 65 | €8,229 | €28 | -€8,201 | -99.7% |
| Other financial charges | 652/9 | €8,229 | €28 | -€8,201 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | €1,075,714 | €883,664 | -€192,050 | -17.9% |
| Income taxes | 67/77 | -€3,880 | €12,883 | +€16,763 | |
| Taxes | 670/3 | - | €12,883 | +€12,883 | |
| Tax adjustments and reversals of tax provisions | 77 | €3,880 | - | -€3,880 | |
| Profit (loss) for the period | 9904 | €1,079,594 | €870,780 | -€208,814 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,079,594 | €870,780 | -€208,814 | -19.3% |
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 14 October 2026 via checked.be.