AVALON: 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.
AVALON
Largest movements
- Receivables within one year -€33,643
no longer reported in 2024 (was €33,643)
- Profit (loss) carried forward -€63,713
down €63,713 (-53.6%), from -€118,877 to -€182,590
- Short-term financial debts -€48,080
no longer reported in 2024 (was €48,080)
- Other debts +€39,743
up €39,743 (+11.4%), from €349,903 to €389,646
- Debts after one year +€17,450
up €17,450 (+15.4%), from €113,664 to €131,114
- Current portion of long-term debt +€17,411
new in 2024: €17,411
- Financial charges +€55,462
up €55,462 (+737%), from €7,521 to €62,984
- Gross operating margin -€17,523
down €17,523 (-72.3%), from €24,237 to €6,715
- Other operating charges -€1,397
down €1,397 (-49.1%), from €2,845 to €1,448
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,401 | €657,166 | -€39,235 | -5.6% |
| Fixed assets | 21/28 | €662,758 | €656,763 | -€5,995 | -0.9% |
| Tangible fixed assets | 22/27 | €314,758 | €308,763 | -€5,995 | -1.9% |
| Land and buildings | 22 | €314,758 | €308,763 | -€5,995 | -1.9% |
| Financial fixed assets | 28 | €348,000 | €348,000 | = | 0.0% |
| Current assets | 29/58 | €33,643 | €403 | -€33,240 | -98.8% |
| Amounts receivable within one year | 40/41 | €33,643 | - | -€33,643 | |
| Other amounts receivable | 41 | €33,643 | - | -€33,643 | |
| Cash at bank and in hand | 54/58 | - | €246 | +€246 | |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €696,401 | €657,166 | -€39,235 | -5.6% |
| Equity | 10/15 | €129,821 | €66,108 | -€63,713 | -49.1% |
| Contributions | 10/11 | €210,710 | €210,710 | = | 0.0% |
| Capital | 10 | €210,710 | €210,710 | = | 0.0% |
| Issued capital | 100 | €210,710 | €210,710 | = | 0.0% |
| Reserves | 13 | €37,989 | €37,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,071 | €21,071 | = | 0.0% |
| Legal reserve | 130 | €21,071 | €21,071 | = | 0.0% |
| Distributable reserves | 133 | €16,918 | €16,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,877 | -€182,590 | -€63,713 | -53.6% |
| Amounts payable | 17/49 | €566,580 | €591,057 | +€24,477 | +4.3% |
| Amounts payable after more than one year | 17 | €113,664 | €131,114 | +€17,450 | +15.4% |
| Financial debts | 170/4 | €113,664 | €131,114 | +€17,450 | +15.4% |
| Amounts payable within one year | 42/48 | €452,916 | €459,943 | +€7,027 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,411 | +€17,411 | |
| Financial debts | 43 | €48,080 | - | -€48,080 | |
| Credit institutions | 430/8 | €48,080 | - | -€48,080 | |
| Trade debts | 44 | €5,053 | €3,007 | -€2,046 | -40.5% |
| Suppliers | 440/4 | €5,053 | €3,007 | -€2,046 | -40.5% |
| Advances received on contracts in progress | 46 | €49,880 | €49,880 | = | 0.0% |
| Other amounts payable | 47/48 | €349,903 | €389,646 | +€39,743 | +11.4% |
| Non-recurring operating income | 76A | €20,571 | - | -€20,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,995 | €5,995 | = | 0.0% |
| Other operating charges | 640/8 | €2,845 | €1,448 | -€1,397 | -49.1% |
| Gross operating margin | 9900 | €24,237 | €6,715 | -€17,523 | -72.3% |
| Operating profit (loss) | 9901 | €15,397 | -€729 | -€16,126 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €7,521 | €62,984 | +€55,462 | +737% |
| Recurring financial charges | 65 | €7,521 | €62,984 | +€55,462 | +737% |
| Profit (loss) for the period before taxes | 9903 | €7,882 | -€63,713 | -€71,595 | |
| Profit (loss) for the period | 9904 | €7,882 | -€63,713 | -€71,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,882 | -€63,713 | -€71,595 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.