AVT - Engineering & Smarketing: what changed
AVT - Engineering & Smarketing
Largest movements
- Receivables within one year +€187,676
up €187,676 (+343%), from €54,696 to €242,372
of which Other amounts receivable: +€195,534
- Current investments -€186,800
down €186,800 (-93.4%), from €200,000 to €13,200
- Cash +€31,230
up €31,230 (+48.0%), from €65,105 to €96,335
mainly Current investments (+€186,800) and Net result for the year (+€36,410)
- Tangible fixed assets -€13,851
down €13,851 (-50.9%), from €27,231 to €13,380
of which Furniture and vehicles: -€13,176
- Reserves +€36,410
up €36,410 (+12.3%), from €296,236 to €332,646
- Debts after one year -€10,999
down €10,999 (-92.3%), from €11,920 to €921
- Trade debts -€5,445
down €5,445 (-94.5%), from €5,765 to €320
- Gross operating margin -€42,245
down €42,245 (-40.6%), from €103,946 to €61,701
- Taxes -€9,443
down €9,443 (-34.3%), from €27,528 to €18,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,370 | €365,288 | +€17,918 | +5.2% |
| Fixed assets | 21/28 | €27,231 | €13,380 | -€13,851 | -50.9% |
| Tangible fixed assets | 22/27 | €27,231 | €13,380 | -€13,851 | -50.9% |
| Land and buildings | 22 | €675 | - | -€675 | |
| Furniture and vehicles | 24 | €26,556 | €13,380 | -€13,176 | -49.6% |
| Current assets | 29/58 | €320,139 | €351,907 | +€31,768 | +9.9% |
| Amounts receivable within one year | 40/41 | €54,696 | €242,372 | +€187,676 | +343% |
| Trade receivables | 40 | €24,468 | €16,610 | -€7,858 | -32.1% |
| Other amounts receivable | 41 | €30,228 | €225,762 | +€195,534 | +647% |
| Current investments | 50/53 | €200,000 | €13,200 | -€186,800 | -93.4% |
| Cash at bank and in hand | 54/58 | €65,105 | €96,335 | +€31,230 | +48.0% |
| Deferred charges and accrued income | 490/1 | €338 | - | -€338 | |
| Total equity and liabilities | 10/49 | €347,370 | €365,288 | +€17,918 | +5.2% |
| Equity | 10/15 | €300,236 | €336,646 | +€36,410 | +12.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €296,236 | €332,646 | +€36,410 | +12.3% |
| Distributable reserves | 133 | €296,236 | €332,646 | +€36,410 | +12.3% |
| Amounts payable | 17/49 | €47,134 | €28,642 | -€18,493 | -39.2% |
| Amounts payable after more than one year | 17 | €11,920 | €921 | -€10,999 | -92.3% |
| Financial debts | 170/4 | €11,920 | €921 | -€10,999 | -92.3% |
| Amounts payable within one year | 42/48 | €35,215 | €27,721 | -€7,494 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €10,896 | €10,831 | -€65 | -0.6% |
| Trade debts | 44 | €5,765 | €320 | -€5,445 | -94.5% |
| Suppliers | 440/4 | €5,765 | €320 | -€5,445 | -94.5% |
| Taxes, remuneration and social security | 45 | €18,554 | €16,570 | -€1,984 | -10.7% |
| Taxes | 450/3 | €18,554 | €16,570 | -€1,984 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,682 | €13,851 | +€169 | +1.2% |
| Other operating charges | 640/8 | €840 | €637 | -€204 | -24.2% |
| Gross operating margin | 9900 | €103,946 | €61,701 | -€42,245 | -40.6% |
| Operating profit (loss) | 9901 | €89,424 | €47,214 | -€42,210 | -47.2% |
| Financial income | 75/76B | €6,929 | €7,764 | +€835 | +12.1% |
| Recurring financial income | 75 | €6,929 | €7,764 | +€835 | +12.1% |
| Financial charges | 65/66B | €1,009 | €483 | -€526 | -52.2% |
| Recurring financial charges | 65 | €1,009 | €483 | -€526 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €95,344 | €54,495 | -€40,849 | -42.8% |
| Income taxes | 67/77 | €27,528 | €18,085 | -€9,443 | -34.3% |
| Profit (loss) for the period | 9904 | €67,816 | €36,410 | -€31,405 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,816 | €36,410 | -€31,405 | -46.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.