AVALLOONS: 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.
AVALLOONS
Largest movements
- Stocks and contracts +€239,635
up €239,635 (+13.9%), from €1.7m to €2.0m
- Receivables within one year +€119,182
up €119,182 (+21.8%), from €547,032 to €666,213
of which Other amounts receivable: +€187,035
- Cash -€49,324
down €49,324 (-10.0%), from €492,503 to €443,179
mainly Stocks and contracts (-€239,635) and Trade debts (-€188,782)
- Intangible fixed assets +€35,995
up €35,995 (+91.0%), from €39,534 to €75,529
- Tangible fixed assets +€34,572
up €34,572 (+25.9%), from €133,462 to €168,034
of which Other tangible fixed assets: +€28,712
- Accrued charges and deferred income +€303,360
up €303,360 (+3483.6%), from €8,708 to €312,068
- Trade debts -€188,782
down €188,782 (-20.4%), from €927,507 to €738,724
- Reserves +€133,301
up €133,301 (+8.2%), from €1.6m to €1.8m
of which Distributable reserves: +€133,301
- Tax, wage and social debts +€107,739
up €107,739 (+174.8%), from €61,634 to €169,373
of which Taxes: +€102,142
- Other debts -€80,558
down €80,558 (-90.7%), from €88,814 to €8,257
- Staff costs +€186,978
up €186,978 (+53.2%), from €351,446 to €538,424
- Gross operating margin -€141,421
down €141,421 (-14.0%), from €1.0m to €865,330
- Taxes -€74,677
down €74,677 (-60.8%), from €122,817 to €48,141
- Financial charges +€59,736
up €59,736 (+66.7%), from €89,565 to €149,301
- Financial income +€54,818
up €54,818 (+926.4%), from €5,917 to €60,736
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 | €2,941,549 | €3,328,682 | +€387,133 | +13.2% |
| Fixed assets | 21/28 | €172,996 | €243,563 | +€70,567 | +40.8% |
| Intangible fixed assets | 21 | €39,534 | €75,529 | +€35,995 | +91.0% |
| Tangible fixed assets | 22/27 | €133,462 | €168,034 | +€34,572 | +25.9% |
| Plant, machinery and equipment | 23 | €102,892 | €96,445 | -€6,448 | -6.3% |
| Furniture and vehicles | 24 | €10,456 | €22,763 | +€12,308 | +117.7% |
| Other tangible fixed assets | 26 | €20,114 | €48,826 | +€28,712 | +142.8% |
| Current assets | 29/58 | €2,768,553 | €3,085,119 | +€316,566 | +11.4% |
| Stocks and contracts in progress | 3 | €1,725,926 | €1,965,561 | +€239,635 | +13.9% |
| Stocks | 30/36 | €1,725,926 | €1,965,561 | +€239,635 | +13.9% |
| Amounts receivable within one year | 40/41 | €547,032 | €666,213 | +€119,182 | +21.8% |
| Trade receivables | 40 | €410,714 | €342,861 | -€67,854 | -16.5% |
| Other amounts receivable | 41 | €136,318 | €323,353 | +€187,035 | +137.2% |
| Cash at bank and in hand | 54/58 | €492,503 | €443,179 | -€49,324 | -10.0% |
| Deferred charges and accrued income | 490/1 | €3,092 | €10,165 | +€7,073 | +228.7% |
| Total equity and liabilities | 10/49 | €2,941,549 | €3,328,682 | +€387,133 | +13.2% |
| Equity | 10/15 | €1,810,646 | €1,943,946 | +€133,301 | +7.4% |
| Contributions | 10/11 | €177,000 | €177,000 | = | 0.0% |
| Capital | 10 | €177,000 | €177,000 | = | 0.0% |
| Issued capital | 100 | €177,000 | €177,000 | = | 0.0% |
| Reserves | 13 | €1,633,646 | €1,766,946 | +€133,301 | +8.2% |
| Non-distributable reserves | 130/1 | €17,700 | €17,700 | = | 0.0% |
| Legal reserve | 130 | €17,700 | €17,700 | = | 0.0% |
| Distributable reserves | 133 | €1,615,946 | €1,749,246 | +€133,301 | +8.2% |
| Amounts payable | 17/49 | €1,130,903 | €1,384,736 | +€253,833 | +22.4% |
| Amounts payable after more than one year | 17 | €34,368 | €57,848 | +€23,480 | +68.3% |
| Financial debts | 170/4 | €34,368 | €57,848 | +€23,480 | +68.3% |
| Amounts payable within one year | 42/48 | €1,087,827 | €1,014,820 | -€73,007 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €6,523 | €44,020 | +€37,497 | +574.8% |
| Financial debts | 43 | - | €50,673 | +€50,673 | |
| Credit institutions | 430/8 | - | €50,673 | +€50,673 | |
| Trade debts | 44 | €927,507 | €738,724 | -€188,782 | -20.4% |
| Suppliers | 440/4 | €927,507 | €738,724 | -€188,782 | -20.4% |
| Advances received on contracts in progress | 46 | €3,349 | €3,774 | +€424 | +12.7% |
| Taxes, remuneration and social security | 45 | €61,634 | €169,373 | +€107,739 | +174.8% |
| Taxes | 450/3 | €22,430 | €124,571 | +€102,142 | +455.4% |
| Remuneration and social security | 454/9 | €39,204 | €44,802 | +€5,598 | +14.3% |
| Other amounts payable | 47/48 | €88,814 | €8,257 | -€80,558 | -90.7% |
| Accrued charges and deferred income | 492/3 | €8,708 | €312,068 | +€303,360 | +3483.6% |
| Remuneration, social security and pensions | 62 | €351,446 | €538,424 | +€186,978 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,397 | €47,262 | +€17,865 | +60.8% |
| Other operating charges | 640/8 | €5,018 | €5,797 | +€779 | +15.5% |
| Non-recurring operating charges | 66A | €58,691 | €3,841 | -€54,850 | -93.5% |
| Gross operating margin | 9900 | €1,006,750 | €865,330 | -€141,421 | -14.0% |
| Operating profit (loss) | 9901 | €562,198 | €270,006 | -€292,192 | -52.0% |
| Financial income | 75/76B | €5,917 | €60,736 | +€54,818 | +926.4% |
| Recurring financial income | 75 | €5,917 | €60,736 | +€54,818 | +926.4% |
| Financial charges | 65/66B | €89,565 | €149,301 | +€59,736 | +66.7% |
| Recurring financial charges | 65 | €89,565 | €149,301 | +€59,736 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €478,551 | €181,441 | -€297,110 | -62.1% |
| Income taxes | 67/77 | €122,817 | €48,141 | -€74,677 | -60.8% |
| Profit (loss) for the period | 9904 | €355,734 | €133,301 | -€222,433 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €355,734 | €133,301 | -€222,433 | -62.5% |
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.