AVALON BREEZE: 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 BREEZE
Largest movements
- Tangible fixed assets -€19,212
down €19,212 (-5.0%), from €383,792 to €364,580
of which Land and buildings: -€19,562
- Cash -€10,138
down €10,138 (-5.8%), from €174,073 to €163,935
mainly Debts after one year (-€26,717) and Tax, wage and social debts (-€7,499)
- Debts after one year -€26,717
down €26,717 (-60.0%), from €44,563 to €17,846
- Reserves +€14,281
up €14,281 (+3.1%), from €459,097 to €473,378
of which Distributable reserves: +€14,281
- Tax, wage and social debts -€7,499
down €7,499 (-34.3%), from €21,860 to €14,361
- Gross operating margin -€25,571
down €25,571 (-31.5%), from €81,299 to €55,728
- Taxes -€6,138
down €6,138 (-41.1%), from €14,947 to €8,809
- Depreciation -€1,539
down €1,539 (-6.9%), from €22,278 to €20,739
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 | €582,755 | €555,709 | -€27,045 | -4.6% |
| Fixed assets | 21/28 | €383,792 | €367,206 | -€16,585 | -4.3% |
| Intangible fixed assets | 21 | - | €2,626 | +€2,626 | |
| Tangible fixed assets | 22/27 | €383,792 | €364,580 | -€19,212 | -5.0% |
| Land and buildings | 22 | €379,474 | €359,912 | -€19,562 | -5.2% |
| Plant, machinery and equipment | 23 | €2,085 | €3,266 | +€1,181 | +56.6% |
| Furniture and vehicles | 24 | €2,232 | €1,401 | -€831 | -37.2% |
| Current assets | 29/58 | €198,963 | €188,503 | -€10,460 | -5.3% |
| Amounts receivable within one year | 40/41 | €22,888 | €23,332 | +€444 | +1.9% |
| Trade receivables | 40 | €22,888 | €20,911 | -€1,977 | -8.6% |
| Other amounts receivable | 41 | - | €2,421 | +€2,421 | |
| Cash at bank and in hand | 54/58 | €174,073 | €163,935 | -€10,138 | -5.8% |
| Deferred charges and accrued income | 490/1 | €2,002 | €1,236 | -€766 | -38.3% |
| Total equity and liabilities | 10/49 | €582,755 | €555,709 | -€27,045 | -4.6% |
| Equity | 10/15 | €471,497 | €485,778 | +€14,281 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €459,097 | €473,378 | +€14,281 | +3.1% |
| Tax-exempt reserves | 132 | €57,407 | €57,407 | = | 0.0% |
| Distributable reserves | 133 | €401,690 | €415,971 | +€14,281 | +3.6% |
| Amounts payable | 17/49 | €111,258 | €69,932 | -€41,326 | -37.1% |
| Amounts payable after more than one year | 17 | €44,563 | €17,846 | -€26,717 | -60.0% |
| Financial debts | 170/4 | €44,563 | €17,846 | -€26,717 | -60.0% |
| Amounts payable within one year | 42/48 | €66,695 | €52,085 | -€14,610 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €29,606 | €26,717 | -€2,890 | -9.8% |
| Trade debts | 44 | €8,049 | €4,008 | -€4,042 | -50.2% |
| Suppliers | 440/4 | €8,049 | €4,008 | -€4,042 | -50.2% |
| Taxes, remuneration and social security | 45 | €21,860 | €14,361 | -€7,499 | -34.3% |
| Taxes | 450/3 | €21,860 | €14,361 | -€7,499 | -34.3% |
| Other amounts payable | 47/48 | €7,179 | €7,000 | -€179 | -2.5% |
| Non-recurring operating income | 76A | €6,599 | - | -€6,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,278 | €20,739 | -€1,539 | -6.9% |
| Other operating charges | 640/8 | €3,128 | €3,028 | -€101 | -3.2% |
| Gross operating margin | 9900 | €81,299 | €55,728 | -€25,571 | -31.5% |
| Operating profit (loss) | 9901 | €55,892 | €31,961 | -€23,931 | -42.8% |
| Financial income | 75/76B | €895 | €906 | +€11 | +1.2% |
| Recurring financial income | 75 | €895 | €906 | +€11 | +1.2% |
| Financial charges | 65/66B | €2,547 | €2,776 | +€230 | +9.0% |
| Recurring financial charges | 65 | €2,547 | €2,776 | +€230 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €54,240 | €30,090 | -€24,150 | -44.5% |
| Income taxes | 67/77 | €14,947 | €8,809 | -€6,138 | -41.1% |
| Profit (loss) for the period | 9904 | €39,294 | €21,281 | -€18,012 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,294 | €21,281 | -€18,012 | -45.8% |
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 19 October 2026 via checked.be.