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
- Cash -€22,341
down €22,341 (-56.3%), from €39,705 to €17,364
mainly Net result for the year (-€17,991) and Debts after one year (-€5,730)
- Tangible fixed assets +€2,410
up €2,410 (+4.4%), from €55,219 to €57,628
of which Land and buildings: +€3,155
- Profit (loss) carried forward -€17,991
down €17,991 (-33.0%), from -€54,438 to -€72,429
- Debts after one year -€5,730
down €5,730 (-16.0%), from €35,730 to €30,000
- Other debts +€5,484
new in 2025: €5,484
- Trade debts -€1,623
down €1,623 (-27.7%), from €5,854 to €4,231
- Other operating charges +€4,929
up €4,929 (+108%), from €4,575 to €9,504
- Gross operating margin +€3,882
up €3,882 (+38.9%), from -€9,968 to -€6,086
- Financial charges +€795
up €795 (+830%), from €96 to €891
- Depreciation +€289
up €289 (+20.8%), from €1,388 to €1,676
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.
Derived cash bridge
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 | €95,627 | €75,766 | -€19,861 | -20.8% |
| Fixed assets | 21/28 | €55,219 | €57,628 | +€2,410 | +4.4% |
| Tangible fixed assets | 22/27 | €55,219 | €57,628 | +€2,410 | +4.4% |
| Land and buildings | 22 | €52,308 | €55,463 | +€3,155 | +6.0% |
| Plant, machinery and equipment | 23 | €2,911 | €2,166 | -€745 | -25.6% |
| Current assets | 29/58 | €40,408 | €18,138 | -€22,270 | -55.1% |
| Amounts receivable within one year | 40/41 | - | €50 | +€50 | |
| Other amounts receivable | 41 | - | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €39,705 | €17,364 | -€22,341 | -56.3% |
| Deferred charges and accrued income | 490/1 | €703 | €723 | +€21 | +2.9% |
| Total equity and liabilities | 10/49 | €95,627 | €75,766 | -€19,861 | -20.8% |
| Equity | 10/15 | €54,043 | €36,052 | -€17,991 | -33.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,481 | €46,481 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,332 | €4,332 | = | 0.0% |
| Legal reserve | 130 | €4,332 | €4,332 | = | 0.0% |
| Distributable reserves | 133 | €42,149 | €42,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,438 | -€72,429 | -€17,991 | -33.0% |
| Amounts payable | 17/49 | €41,584 | €39,714 | -€1,869 | -4.5% |
| Amounts payable after more than one year | 17 | €35,730 | €30,000 | -€5,730 | -16.0% |
| Other amounts payable | 178/9 | €35,730 | €30,000 | -€5,730 | -16.0% |
| Amounts payable within one year | 42/48 | €5,854 | €9,714 | +€3,860 | +65.9% |
| Trade debts | 44 | €5,854 | €4,231 | -€1,623 | -27.7% |
| Suppliers | 440/4 | €5,854 | €4,231 | -€1,623 | -27.7% |
| Taxes, remuneration and social security | 45 | €0 | €0 | -€0 | -100% |
| Taxes | 450/3 | €0 | €0 | -€0 | -100% |
| Other amounts payable | 47/48 | - | €5,484 | +€5,484 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €1,676 | +€289 | +20.8% |
| Other operating charges | 640/8 | €4,575 | €9,504 | +€4,929 | +108% |
| Gross operating margin | 9900 | -€9,968 | -€6,086 | +€3,882 | +38.9% |
| Operating profit (loss) | 9901 | -€15,931 | -€17,267 | -€1,336 | -8.4% |
| Financial income | 75/76B | €180 | €167 | -€13 | -7.4% |
| Recurring financial income | 75 | €180 | €167 | -€13 | -7.4% |
| Financial charges | 65/66B | €96 | €891 | +€795 | +830% |
| Recurring financial charges | 65 | €96 | €891 | +€795 | +830% |
| Profit (loss) for the period before taxes | 9903 | -€15,846 | -€17,991 | -€2,145 | -13.5% |
| Profit (loss) for the period | 9904 | -€15,846 | -€17,991 | -€2,145 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,846 | -€17,991 | -€2,145 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.