AVW Services: 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.
AVW Services
Largest movements
- Current assets -€591
down €591 (-4.5%), from €12,996 to €12,404
of which Receivables within one year: -€6,373
- Tangible fixed assets +€517
up €517 (+39.3%), from €1,317 to €1,834
- Debts -€2,528
down €2,528 (-23.9%), from €10,600 to €8,072
- Equity +€2,454
up €2,454 (+66.1%), from €3,713 to €6,167
of which Reserves: +€2,450
- Gross operating margin -€15,205
down €15,205 (-70.0%), from €21,736 to €6,531
- Taxes -€3,795
down €3,795, from €3,787 to -€8
- Depreciation +€579
up €579 (+87.9%), from €659 to €1,238
From the 2019 result to the 2020 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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,313 | €14,239 | -€74 | -0.5% |
| Fixed assets | 21/28 | €1,317 | €1,834 | +€517 | +39.3% |
| Tangible fixed assets | 22/27 | €1,317 | €1,834 | +€517 | +39.3% |
| Current assets | 29/58 | €12,996 | €12,404 | -€591 | -4.5% |
| Amounts receivable within one year | 40/41 | €9,978 | €3,605 | -€6,373 | -63.9% |
| Cash at bank and in hand | 54/58 | €2,075 | €8,607 | +€6,532 | +314.7% |
| Total equity and liabilities | 10/49 | €14,313 | €14,239 | -€74 | -0.5% |
| Equity | 10/15 | €3,713 | €6,167 | +€2,454 | +66.1% |
| Contributions | 10/11 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €2,713 | €5,163 | +€2,450 | +90.3% |
| Profit (loss) carried forward | 14 | - | €4 | +€4 | |
| Amounts payable | 17/49 | €10,600 | €8,072 | -€2,528 | -23.9% |
| Amounts payable within one year | 42/48 | €10,600 | €7,531 | -€3,069 | -29.0% |
| Trade debts | 44 | €875 | €24 | -€851 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €1,238 | +€579 | +87.9% |
| Gross operating margin | 9900 | €21,736 | €6,531 | -€15,205 | -70.0% |
| Operating profit (loss) | 9901 | €17,371 | €4,220 | -€13,152 | -75.7% |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Recurring financial charges | 65 | €2,059 | €1,795 | -€264 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €15,312 | €2,446 | -€12,866 | -84.0% |
| Income taxes | 67/77 | €3,787 | -€8 | -€3,795 | |
| Profit (loss) for the period | 9904 | €11,525 | €2,454 | -€9,070 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,525 | €2,454 | -€9,070 | -78.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.