AVALON BELGIUM: what changed
What changed
AVALON BELGIUM
NACE 52.250, Logistics services
filed annual accounts (NBB)
Net result for the year
€76,232
2024 · €177,734-€101,502
Equity
€387,277
2024 · €381,045+€6,232
Cash
€778,634
2024 · €613,141+€165,493
Balance sheet total
€983,146
2024 · €764,831+€218,315
Largest movements
Assets
- Cash +€165,493
up €165,493 (+27.0%), from €613,141 to €778,634
mainly Trade debts (+€177,804) and Net result for the year (+€76,232)
- Receivables within one year +€56,427
up €56,427 (+39.7%), from €142,254 to €198,682
of which Trade receivables: +€67,294
Equity and liabilities
- Trade debts +€177,804
up €177,804 (+185%), from €96,288 to €274,092
- Other debts +€48,670
up €48,670 (+42.6%), from €114,376 to €163,045
- Tax, wage and social debts -€14,391
down €14,391 (-8.3%), from €173,123 to €158,732
of which Taxes: -€16,331
Income statement
- Turnover -€158,669
down €158,669 (-16.0%), from €989,455 to €830,786
- Gross operating margin -€115,923
down €115,923 (-25.2%), from €460,296 to €344,373
- Purchases and services -€42,626
down €42,626 (-8.0%), from €534,687 to €492,062
- Taxes -€37,331
down €37,331 (-48.5%), from €76,965 to €39,634
- Financial income -€23,125
down €23,125 (-74.7%), from €30,947 to €7,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€177,734
Gross operating margin
-€115,923
Staff costs
+€1,224
Depreciation
+€2,144
Other operating charges
+€1,341
Financial income
-€23,125
Financial charges
-€4,494
Taxes
+€37,331
Result 2025
€76,232
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€236,758
Investment
-€1,265
Financing
-€70,000
Cash 2024
€613,141
From operations (derived)
+€236,758
Net result for the year
+€76,232
Depreciation
+€6,973
Receivables within one year
-€56,427
Deferred charges and accrued income
-€2,103
Trade debts
+€177,804
Tax, wage and social debts
-€14,391
Other debts
+€48,670
Investment (derived)
-€1,265
Investment in fixed assets (net)
-€1,265
Financing
-€70,000
Contributions, distributions and other
-€70,000
Cash 2025
€778,634
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €764,831 | €983,146 | +€218,315 | +28.5% |
| Fixed assets | 21/28 | €9,436 | €3,728 | -€5,708 | -60.5% |
| Tangible fixed assets | 22/27 | €9,436 | €3,728 | -€5,708 | -60.5% |
| Plant, machinery and equipment | 23 | €504 | €949 | +€444 | +88.1% |
| Furniture and vehicles | 24 | €8,932 | €2,780 | -€6,152 | -68.9% |
| Current assets | 29/58 | €755,395 | €979,418 | +€224,023 | +29.7% |
| Amounts receivable within one year | 40/41 | €142,254 | €198,682 | +€56,427 | +39.7% |
| Trade receivables | 40 | €121,030 | €188,324 | +€67,294 | +55.6% |
| Other amounts receivable | 41 | €21,224 | €10,357 | -€10,867 | -51.2% |
| Cash at bank and in hand | 54/58 | €613,141 | €778,634 | +€165,493 | +27.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,103 | +€2,103 | |
| Total equity and liabilities | 10/49 | €764,831 | €983,146 | +€218,315 | +28.5% |
| Equity | 10/15 | €381,045 | €387,277 | +€6,232 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €360,585 | €366,817 | +€6,232 | +1.7% |
| Amounts payable | 17/49 | €383,786 | €595,869 | +€212,083 | +55.3% |
| Amounts payable within one year | 42/48 | €383,786 | €595,869 | +€212,083 | +55.3% |
| Trade debts | 44 | €96,288 | €274,092 | +€177,804 | +185% |
| Suppliers | 440/4 | €96,288 | €274,092 | +€177,804 | +185% |
| Taxes, remuneration and social security | 45 | €173,123 | €158,732 | -€14,391 | -8.3% |
| Taxes | 450/3 | €124,825 | €108,494 | -€16,331 | -13.1% |
| Remuneration and social security | 454/9 | €48,297 | €50,237 | +€1,940 | +4.0% |
| Other amounts payable | 47/48 | €114,376 | €163,045 | +€48,670 | +42.6% |
| Turnover | 70 | €989,455 | €830,786 | -€158,669 | -16.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €534,687 | €492,062 | -€42,626 | -8.0% |
| Remuneration, social security and pensions | 62 | €210,686 | €209,462 | -€1,224 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €6,973 | -€2,144 | -23.5% |
| Other operating charges | 640/8 | €3,666 | €2,325 | -€1,341 | -36.6% |
| Gross operating margin | 9900 | €460,296 | €344,373 | -€115,923 | -25.2% |
| Operating profit (loss) | 9901 | €236,827 | €125,613 | -€111,215 | -47.0% |
| Financial income | 75/76B | €30,947 | €7,822 | -€23,125 | -74.7% |
| Recurring financial income | 75 | €30,947 | €7,822 | -€23,125 | -74.7% |
| Financial charges | 65/66B | €13,075 | €17,569 | +€4,494 | +34.4% |
| Recurring financial charges | 65 | €13,075 | €17,569 | +€4,494 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €254,699 | €115,866 | -€138,833 | -54.5% |
| Income taxes | 67/77 | €76,965 | €39,634 | -€37,331 | -48.5% |
| Profit (loss) for the period | 9904 | €177,734 | €76,232 | -€101,502 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €177,734 | €76,232 | -€101,502 | -57.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.