Avalon: 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.
Avalon
Largest movements
- Cash -€25,426
down €25,426 (-45.7%), from €55,644 to €30,218
mainly Investment in fixed assets (net) (-€23,028) and Receivables within one year (-€5,566)
- Tangible fixed assets +€20,630
new in 2025: €20,630
- Receivables within one year +€5,566
up €5,566 (+817.1%), from €681 to €6,247
of which Other amounts receivable: +€5,231
- Tax, wage and social debts +€1,376
up €1,376 (+350.7%), from €392 to €1,769
- Profit (loss) carried forward -€576
down €576 (-8.1%), from €7,131 to €6,555
- Depreciation +€2,397
new in 2025: €2,397
- Gross operating margin -€1,888
down €1,888 (-31.8%), from €5,946 to €4,058
- Taxes +€733
up €733 (+95.6%), from €767 to €1,500
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 | €56,325 | €57,187 | +€862 | +1.5% |
| Fixed assets | 21/28 | - | €20,630 | +€20,630 | |
| Tangible fixed assets | 22/27 | - | €20,630 | +€20,630 | |
| Furniture and vehicles | 24 | - | €20,630 | +€20,630 | |
| Current assets | 29/58 | €56,325 | €36,557 | -€19,768 | -35.1% |
| Amounts receivable within one year | 40/41 | €681 | €6,247 | +€5,566 | +817.1% |
| Trade receivables | 40 | €681 | €1,016 | +€335 | +49.2% |
| Other amounts receivable | 41 | - | €5,231 | +€5,231 | |
| Cash at bank and in hand | 54/58 | €55,644 | €30,218 | -€25,426 | -45.7% |
| Deferred charges and accrued income | 490/1 | - | €92 | +€92 | |
| Total equity and liabilities | 10/49 | €56,325 | €57,187 | +€862 | +1.5% |
| Equity | 10/15 | €54,941 | €54,365 | -€576 | -1.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | - | -€20,460 | |
| Other | 1109/19 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €27,350 | €27,350 | = | 0.0% |
| Distributable reserves | 133 | €27,350 | €27,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,131 | €6,555 | -€576 | -8.1% |
| Amounts payable | 17/49 | €1,384 | €2,822 | +€1,438 | +103.9% |
| Amounts payable within one year | 42/48 | €1,384 | €2,822 | +€1,438 | +103.9% |
| Trade debts | 44 | €558 | €281 | -€277 | -49.6% |
| Suppliers | 440/4 | €558 | €281 | -€277 | -49.6% |
| Taxes, remuneration and social security | 45 | €392 | €1,769 | +€1,376 | +350.7% |
| Taxes | 450/3 | €392 | €1,769 | +€1,376 | +350.7% |
| Other amounts payable | 47/48 | €434 | €772 | +€338 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,397 | +€2,397 | |
| Other operating charges | 640/8 | €741 | €742 | +€2 | +0.2% |
| Gross operating margin | 9900 | €5,946 | €4,058 | -€1,888 | -31.8% |
| Operating profit (loss) | 9901 | €5,205 | €918 | -€4,287 | -82.4% |
| Financial income | 75/76B | €18 | €60 | +€42 | +233.4% |
| Recurring financial income | 75 | €18 | €60 | +€42 | +233.4% |
| Financial charges | 65/66B | €63 | €54 | -€9 | -14.1% |
| Recurring financial charges | 65 | €63 | €54 | -€9 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €5,160 | €924 | -€4,236 | -82.1% |
| Income taxes | 67/77 | €767 | €1,500 | +€733 | +95.6% |
| Profit (loss) for the period | 9904 | €4,393 | -€576 | -€4,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,393 | -€576 | -€4,969 |
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 6 October 2026 via checked.be.