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
- Tangible fixed assets -€8,945
down €8,945 (-2.6%), from €338,883 to €329,937
of which Land and buildings: -€17,141
- Cash -€8,739
down €8,739 (-51.1%), from €17,113 to €8,374
mainly Other debts (-€18,731) and Investment in fixed assets (net) (-€15,912)
- Other debts -€18,731
down €18,731 (-5.9%), from €315,418 to €296,688
- Gross operating margin -€4,373
down €4,373 (-12.6%), from €34,744 to €30,371
- Depreciation +€848
up €848 (+3.5%), from €24,009 to €24,857
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 | €357,498 | €340,363 | -€17,134 | -4.8% |
| Fixed assets | 21/28 | €338,883 | €329,937 | -€8,945 | -2.6% |
| Tangible fixed assets | 22/27 | €338,883 | €329,937 | -€8,945 | -2.6% |
| Land and buildings | 22 | €308,014 | €290,873 | -€17,141 | -5.6% |
| Plant, machinery and equipment | 23 | €12,232 | €11,608 | -€625 | -5.1% |
| Other tangible fixed assets | 26 | €18,636 | €27,456 | +€8,820 | +47.3% |
| Current assets | 29/58 | €18,615 | €10,426 | -€8,189 | -44.0% |
| Cash at bank and in hand | 54/58 | €17,113 | €8,374 | -€8,739 | -51.1% |
| Deferred charges and accrued income | 490/1 | €1,502 | €2,052 | +€550 | +36.6% |
| Total equity and liabilities | 10/49 | €357,498 | €340,363 | -€17,134 | -4.8% |
| Equity | 10/15 | €40,335 | €39,785 | -€550 | -1.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €1,190 | €1,190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,190 | €1,190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,190 | €1,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,355 | -€23,906 | -€550 | -2.4% |
| Amounts payable | 17/49 | €317,163 | €300,578 | -€16,584 | -5.2% |
| Amounts payable within one year | 42/48 | €315,418 | €297,080 | -€18,339 | -5.8% |
| Trade debts | 44 | - | €392 | +€392 | |
| Suppliers | 440/4 | - | €392 | +€392 | |
| Other amounts payable | 47/48 | €315,418 | €296,688 | -€18,731 | -5.9% |
| Accrued charges and deferred income | 492/3 | €1,744 | €3,499 | +€1,754 | +100.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,009 | €24,857 | +€848 | +3.5% |
| Other operating charges | 640/8 | €5,968 | €6,003 | +€35 | +0.6% |
| Gross operating margin | 9900 | €34,744 | €30,371 | -€4,373 | -12.6% |
| Operating profit (loss) | 9901 | €4,767 | -€489 | -€5,256 | |
| Financial income | 75/76B | €7 | €6 | -€1 | -11.4% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -11.4% |
| Financial charges | 65/66B | €38 | €66 | +€28 | +74.7% |
| Recurring financial charges | 65 | €38 | €66 | +€28 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €4,737 | -€548 | -€5,285 | |
| Income taxes | 67/77 | €2 | €2 | = | 0.0% |
| Profit (loss) for the period | 9904 | €4,735 | -€550 | -€5,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,735 | -€550 | -€5,285 |
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 12 October 2026 via checked.be.