AVALANE: 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.
AVALANE
Largest movements
- Stocks and contracts -€53,859
down €53,859 (-16.8%), from €319,746 to €265,887
- Receivables within one year -€35,706
down €35,706 (-11.1%), from €322,493 to €286,787
of which Trade receivables: -€39,022
- Trade debts -€35,673
down €35,673 (-31.1%), from €114,635 to €78,963
- Reserves -€34,925
down €34,925 (-24.6%), from €141,788 to €106,863
- Tax, wage and social debts -€25,096
down €25,096 (-40.8%), from €61,528 to €36,432
of which Taxes: -€16,743
- Turnover -€329,053
down €329,053 (-22.9%), from €1.4m to €1.1m
- Purchases and services -€270,122
down €270,122 (-22.4%), from €1.2m to €936,248
- Gross operating margin -€59,718
down €59,718 (-25.0%), from €239,287 to €179,569
- Staff costs -€20,627
down €20,627 (-8.9%), from €232,017 to €211,390
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 | €642,952 | €553,028 | -€89,924 | -14.0% |
| Fixed assets | 21/28 | €439 | €81 | -€358 | -81.6% |
| Tangible fixed assets | 22/27 | €439 | €81 | -€358 | -81.6% |
| Plant, machinery and equipment | 23 | €439 | €81 | -€358 | -81.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €642,513 | €552,948 | -€89,566 | -13.9% |
| Stocks and contracts in progress | 3 | €319,746 | €265,887 | -€53,859 | -16.8% |
| Stocks | 30/36 | €319,746 | €265,887 | -€53,859 | -16.8% |
| Amounts receivable within one year | 40/41 | €322,493 | €286,787 | -€35,706 | -11.1% |
| Trade receivables | 40 | €75,149 | €36,126 | -€39,022 | -51.9% |
| Other amounts receivable | 41 | €247,345 | €250,661 | +€3,316 | +1.3% |
| Cash at bank and in hand | 54/58 | €274 | €274 | = | 0.0% |
| Total equity and liabilities | 10/49 | €642,952 | €553,028 | -€89,924 | -14.0% |
| Equity | 10/15 | €466,788 | €431,863 | -€34,925 | -7.5% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €141,788 | €106,863 | -€34,925 | -24.6% |
| Distributable reserves | 133 | €141,788 | €106,863 | -€34,925 | -24.6% |
| Amounts payable | 17/49 | €176,164 | €121,165 | -€54,998 | -31.2% |
| Amounts payable within one year | 42/48 | €176,164 | €121,165 | -€54,998 | -31.2% |
| Financial debts | 43 | €0 | €5,770 | +€5,770 | |
| Credit institutions | 430/8 | €0 | €5,770 | +€5,770 | |
| Trade debts | 44 | €114,635 | €78,963 | -€35,673 | -31.1% |
| Suppliers | 440/4 | €114,635 | €78,963 | -€35,673 | -31.1% |
| Taxes, remuneration and social security | 45 | €61,528 | €36,432 | -€25,096 | -40.8% |
| Taxes | 450/3 | €30,814 | €14,072 | -€16,743 | -54.3% |
| Remuneration and social security | 454/9 | €30,714 | €22,361 | -€8,354 | -27.2% |
| Turnover | 70 | €1,438,817 | €1,109,764 | -€329,053 | -22.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,206,370 | €936,248 | -€270,122 | -22.4% |
| Remuneration, social security and pensions | 62 | €232,017 | €211,390 | -€20,627 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €358 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,316 | €5,243 | +€3,927 | +298.4% |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | €239,287 | €179,569 | -€59,718 | -25.0% |
| Operating profit (loss) | 9901 | €5,015 | -€38,017 | -€43,032 | |
| Financial income | 75/76B | €6,769 | €12,081 | +€5,313 | +78.5% |
| Recurring financial income | 75 | €6,769 | €12,081 | +€5,313 | +78.5% |
| Financial charges | 65/66B | €8,090 | €8,604 | +€514 | +6.3% |
| Recurring financial charges | 65 | €8,090 | €8,604 | +€514 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €3,694 | -€34,539 | -€38,233 | |
| Income taxes | 67/77 | €3,614 | €386 | -€3,228 | -89.3% |
| Profit (loss) for the period | 9904 | €80 | -€34,925 | -€35,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €80 | -€34,925 | -€35,005 |
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 8 October 2026 via checked.be.