AVALANCE: 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.
AVALANCE
Largest movements
- Stocks and contracts +€18,369
new in 2025: €18,369
- Tangible fixed assets -€16,010
down €16,010 (-4.6%), from €348,637 to €332,627
of which Land and buildings: -€8,740
- Receivables within one year -€4,498
down €4,498 (-35.2%), from €12,783 to €8,285
- Cash +€4,036
up €4,036 (+44.4%), from €9,086 to €13,122
mainly Trade debts (+€21,168) and Depreciation (+€18,005)
- Debts after one year -€24,283
down €24,283 (-10.8%), from €225,381 to €201,098
- Trade debts +€21,168
up €21,168 (+167.1%), from €12,668 to €33,835
- Advances received +€8,767
up €8,767 (+54.4%), from €16,111 to €24,878
- Other debts -€3,909
down €3,909 (-5.3%), from €73,186 to €69,277
- Gross operating margin -€12,420
down €12,420 (-15.0%), from €82,840 to €70,420
- Taxes +€5,328
up €5,328 (+431.8%), from €1,234 to €6,562
- Staff costs -€3,899
down €3,899 (-8.7%), from €44,602 to €40,702
- Depreciation -€1,206
down €1,206 (-6.3%), from €19,211 to €18,005
- Other operating charges +€905
up €905 (+54.4%), from €1,662 to €2,567
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.
Cash bridge derived
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 | €374,465 | €376,809 | +€2,344 | +0.6% |
| Fixed assets | 21/28 | €348,637 | €332,627 | -€16,010 | -4.6% |
| Tangible fixed assets | 22/27 | €348,637 | €332,627 | -€16,010 | -4.6% |
| Land and buildings | 22 | €277,698 | €268,957 | -€8,740 | -3.1% |
| Plant, machinery and equipment | 23 | €1,741 | €738 | -€1,003 | -57.6% |
| Furniture and vehicles | 24 | €4,545 | - | -€4,545 | |
| Other tangible fixed assets | 26 | €64,654 | €62,932 | -€1,721 | -2.7% |
| Current assets | 29/58 | €25,828 | €44,182 | +€18,354 | +71.1% |
| Stocks and contracts in progress | 3 | - | €18,369 | +€18,369 | |
| Stocks | 30/36 | - | €18,369 | +€18,369 | |
| Amounts receivable within one year | 40/41 | €12,783 | €8,285 | -€4,498 | -35.2% |
| Trade receivables | 40 | €12,783 | €8,285 | -€4,498 | -35.2% |
| Cash at bank and in hand | 54/58 | €9,086 | €13,122 | +€4,036 | +44.4% |
| Deferred charges and accrued income | 490/1 | €3,959 | €4,407 | +€448 | +11.3% |
| Total equity and liabilities | 10/49 | €374,465 | €376,809 | +€2,344 | +0.6% |
| Equity | 10/15 | €9,248 | €6,476 | -€2,771 | -30.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,752 | -€26,524 | -€2,771 | -11.7% |
| Amounts payable | 17/49 | €365,217 | €370,333 | +€5,115 | +1.4% |
| Amounts payable after more than one year | 17 | €225,381 | €201,098 | -€24,283 | -10.8% |
| Financial debts | 170/4 | €225,381 | €201,098 | -€24,283 | -10.8% |
| Amounts payable within one year | 42/48 | €139,047 | €168,395 | +€29,348 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €23,768 | €24,283 | +€515 | +2.2% |
| Trade debts | 44 | €12,668 | €33,835 | +€21,168 | +167.1% |
| Suppliers | 440/4 | €12,668 | €33,835 | +€21,168 | +167.1% |
| Advances received on contracts in progress | 46 | €16,111 | €24,878 | +€8,767 | +54.4% |
| Taxes, remuneration and social security | 45 | €13,315 | €16,121 | +€2,807 | +21.1% |
| Taxes | 450/3 | €7,084 | €10,717 | +€3,633 | +51.3% |
| Remuneration and social security | 454/9 | €6,230 | €5,404 | -€826 | -13.3% |
| Other amounts payable | 47/48 | €73,186 | €69,277 | -€3,909 | -5.3% |
| Accrued charges and deferred income | 492/3 | €789 | €840 | +€50 | +6.4% |
| Remuneration, social security and pensions | 62 | €44,602 | €40,702 | -€3,899 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,211 | €18,005 | -€1,206 | -6.3% |
| Other operating charges | 640/8 | €1,662 | €2,567 | +€905 | +54.4% |
| Gross operating margin | 9900 | €82,840 | €70,420 | -€12,420 | -15.0% |
| Operating profit (loss) | 9901 | €17,366 | €9,145 | -€8,220 | -47.3% |
| Financial income | 75/76B | €6 | €7 | +€1 | +14.3% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +14.3% |
| Financial charges | 65/66B | €5,882 | €5,362 | -€521 | -8.9% |
| Recurring financial charges | 65 | €5,882 | €5,362 | -€521 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €11,490 | €3,791 | -€7,699 | -67.0% |
| Income taxes | 67/77 | €1,234 | €6,562 | +€5,328 | +431.8% |
| Profit (loss) for the period | 9904 | €10,256 | -€2,771 | -€13,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,256 | -€2,771 | -€13,027 |
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 12 October 2026 via checked.be.