Avalanche: 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.
Avalanche
Largest movements
- Cash +€17,961
up €17,961 (+144.0%), from €12,471 to €30,431
mainly Net result for the year (+€30,854) and Depreciation (+€16,838)
- Receivables within one year +€10,931
up €10,931 (+1023.0%), from €1,069 to €12,000
of which Other amounts receivable: +€9,792
- Tangible fixed assets -€8,808
down €8,808 (-14.0%), from €62,724 to €53,916
of which Furniture and vehicles: -€9,339
- Current investments +€4,500
new in 2025: €4,500
- Reserves +€30,854
up €30,854 (+282.8%), from €10,910 to €41,764
- Debts after one year -€6,196
down €6,196 (-13.8%), from €44,976 to €38,780
- Tax, wage and social debts +€5,506
up €5,506 (+62.7%), from €8,779 to €14,285
- Current portion of long-term debt -€5,096
down €5,096 (-45.1%), from €11,292 to €6,196
- Gross operating margin +€34,727
up €34,727 (+126.6%), from €27,439 to €62,165
- Taxes +€6,993
up €6,993 (+203.2%), from €3,442 to €10,435
- Depreciation +€2,447
up €2,447 (+17.0%), from €14,391 to €16,838
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 | €77,068 | €101,564 | +€24,496 | +31.8% |
| Fixed assets | 21/28 | €62,724 | €53,916 | -€8,808 | -14.0% |
| Tangible fixed assets | 22/27 | €62,724 | €53,916 | -€8,808 | -14.0% |
| Land and buildings | 22 | €45,959 | €46,410 | +€451 | +1.0% |
| Plant, machinery and equipment | 23 | €2,613 | €2,693 | +€81 | +3.1% |
| Furniture and vehicles | 24 | €14,152 | €4,813 | -€9,339 | -66.0% |
| Current assets | 29/58 | €14,344 | €47,648 | +€33,304 | +232.2% |
| Amounts receivable within one year | 40/41 | €1,069 | €12,000 | +€10,931 | +1023.0% |
| Trade receivables | 40 | - | €1,139 | +€1,139 | |
| Other amounts receivable | 41 | €1,069 | €10,861 | +€9,792 | +916.4% |
| Current investments | 50/53 | - | €4,500 | +€4,500 | |
| Cash at bank and in hand | 54/58 | €12,471 | €30,431 | +€17,961 | +144.0% |
| Deferred charges and accrued income | 490/1 | €805 | €717 | -€88 | -11.0% |
| Total equity and liabilities | 10/49 | €77,068 | €101,564 | +€24,496 | +31.8% |
| Equity | 10/15 | €10,910 | €41,764 | +€30,854 | +282.8% |
| Reserves | 13 | €10,910 | €41,764 | +€30,854 | +282.8% |
| Distributable reserves | 133 | €10,910 | €41,764 | +€30,854 | +282.8% |
| Amounts payable | 17/49 | €66,158 | €59,800 | -€6,358 | -9.6% |
| Amounts payable after more than one year | 17 | €44,976 | €38,780 | -€6,196 | -13.8% |
| Financial debts | 170/4 | €44,976 | €38,780 | -€6,196 | -13.8% |
| Amounts payable within one year | 42/48 | €21,181 | €21,019 | -€162 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €11,292 | €6,196 | -€5,096 | -45.1% |
| Financial debts | 43 | €18 | €328 | +€310 | +1721.7% |
| Credit institutions | 430/8 | €18 | €328 | +€310 | +1721.7% |
| Trade debts | 44 | €406 | €211 | -€195 | -48.1% |
| Suppliers | 440/4 | €406 | €211 | -€195 | -48.1% |
| Taxes, remuneration and social security | 45 | €8,779 | €14,285 | +€5,506 | +62.7% |
| Taxes | 450/3 | €8,779 | €14,285 | +€5,506 | +62.7% |
| Other amounts payable | 47/48 | €686 | €0 | -€686 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,391 | €16,838 | +€2,447 | +17.0% |
| Other operating charges | 640/8 | €1,370 | €1,656 | +€287 | +20.9% |
| Gross operating margin | 9900 | €27,439 | €62,165 | +€34,727 | +126.6% |
| Operating profit (loss) | 9901 | €11,678 | €43,671 | +€31,993 | +274.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +376.2% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +376.2% |
| Financial charges | 65/66B | €2,805 | €2,383 | -€422 | -15.0% |
| Recurring financial charges | 65 | €2,805 | €2,383 | -€422 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €8,873 | €41,289 | +€32,416 | +365.3% |
| Income taxes | 67/77 | €3,442 | €10,435 | +€6,993 | +203.2% |
| Profit (loss) for the period | 9904 | €5,431 | €30,854 | +€25,422 | +468.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,431 | €30,854 | +€25,422 | +468.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.