AVALON MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€6,638
up €6,638 (+29.5%), from €22,489 to €29,127
of which Other amounts receivable: +€5,858
- Tangible fixed assets -€2,303
down €2,303 (-4.9%), from €47,142 to €44,839
of which Other tangible fixed assets: -€4,065
- Profit (loss) carried forward +€8,934
up €8,934 (+131.6%), from €6,789 to €15,723
- Debts after one year -€8,400
down €8,400 (-32.6%), from €25,788 to €17,388
- Other debts +€3,024
up €3,024 (+23.1%), from €13,070 to €16,094
- Current portion of long-term debt +€1,838
up €1,838 (+15.8%), from €11,648 to €13,486
- Trade debts -€1,539
down €1,539 (-33.9%), from €4,543 to €3,004
- Gross operating margin +€7,015
up €7,015 (+43.1%), from €16,260 to €23,275
- Taxes +€1,699
up €1,699 (+108.2%), from €1,571 to €3,270
- Depreciation -€397
down €397 (-4.3%), from €9,342 to €8,945
- Financial charges -€341
down €341 (-19.4%), from €1,760 to €1,419
- Staff costs -€255
down €255 (-100.0%), from €255 to €0
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 | €70,554 | €74,543 | +€3,988 | +5.7% |
| Fixed assets | 21/28 | €47,142 | €44,839 | -€2,303 | -4.9% |
| Tangible fixed assets | 22/27 | €47,142 | €44,839 | -€2,303 | -4.9% |
| Plant, machinery and equipment | 23 | €192 | €5,318 | +€5,126 | +2668.4% |
| Furniture and vehicles | 24 | €17,825 | €14,461 | -€3,364 | -18.9% |
| Other tangible fixed assets | 26 | €29,125 | €25,059 | -€4,065 | -14.0% |
| Current assets | 29/58 | €23,413 | €29,704 | +€6,291 | +26.9% |
| Amounts receivable within one year | 40/41 | €22,489 | €29,127 | +€6,638 | +29.5% |
| Trade receivables | 40 | €18,494 | €19,274 | +€780 | +4.2% |
| Other amounts receivable | 41 | €3,995 | €9,853 | +€5,858 | +146.6% |
| Cash at bank and in hand | 54/58 | €757 | €273 | -€484 | -63.9% |
| Deferred charges and accrued income | 490/1 | €166 | €304 | +€138 | +82.6% |
| Total equity and liabilities | 10/49 | €70,554 | €74,543 | +€3,988 | +5.7% |
| Equity | 10/15 | €7,789 | €16,723 | +€8,934 | +114.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,789 | €15,723 | +€8,934 | +131.6% |
| Amounts payable | 17/49 | €62,766 | €57,820 | -€4,946 | -7.9% |
| Amounts payable after more than one year | 17 | €25,788 | €17,388 | -€8,400 | -32.6% |
| Financial debts | 170/4 | €25,788 | €17,388 | -€8,400 | -32.6% |
| Amounts payable within one year | 42/48 | €36,678 | €40,132 | +€3,454 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €11,648 | €13,486 | +€1,838 | +15.8% |
| Financial debts | 43 | - | €678 | +€678 | |
| Credit institutions | 430/8 | - | €678 | +€678 | |
| Trade debts | 44 | €4,543 | €3,004 | -€1,539 | -33.9% |
| Suppliers | 440/4 | €4,543 | €3,004 | -€1,539 | -33.9% |
| Taxes, remuneration and social security | 45 | €7,416 | €6,869 | -€547 | -7.4% |
| Taxes | 450/3 | €3,416 | €2,869 | -€547 | -16.0% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,070 | €16,094 | +€3,024 | +23.1% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €255 | €0 | -€255 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,342 | €8,945 | -€397 | -4.3% |
| Other operating charges | 640/8 | €659 | €707 | +€48 | +7.2% |
| Gross operating margin | 9900 | €16,260 | €23,275 | +€7,015 | +43.1% |
| Operating profit (loss) | 9901 | €6,003 | €13,622 | +€7,619 | +126.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,760 | €1,419 | -€341 | -19.4% |
| Recurring financial charges | 65 | €1,760 | €1,419 | -€341 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €4,244 | €12,204 | +€7,960 | +187.5% |
| Income taxes | 67/77 | €1,571 | €3,270 | +€1,699 | +108.2% |
| Profit (loss) for the period | 9904 | €2,674 | €8,934 | +€6,261 | +234.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,674 | €8,934 | +€6,261 | +234.2% |
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 9 October 2026 via checked.be.