Avalon plus: what changed
Avalon plus
Largest movements
- Receivables within one year +€22,180
up €22,180 (+46.1%), from €48,076 to €70,256
of which Trade receivables: +€26,724
- Cash -€7,313
down €7,313 (-22.4%), from €32,578 to €25,265
mainly Receivables within one year (-€22,180) and Trade debts (-€5,473)
- Tangible fixed assets -€5,532
down €5,532 (-47.0%), from €11,765 to €6,233
of which Plant, machinery and equipment: -€3,239
- Stocks and contracts +€1,877
up €1,877 (+10.6%), from €17,738 to €19,615
- Reserves +€15,245
new in 2025: €15,245
- Trade debts -€5,473
down €5,473 (-13.7%), from €39,968 to €34,495
- Accrued charges and deferred income +€4,642
up €4,642 (+104%), from €4,460 to €9,102
- Current portion of long-term debt -€2,462
down €2,462 (-45.6%), from €5,394 to €2,932
- Gross operating margin +€7,779
up €7,779 (+9.0%), from €86,582 to €94,362
- Taxes +€3,024
up €3,024 (+99.7%), from €3,035 to €6,059
- Write-downs +€2,842
new in 2025: €2,842
- Financial charges -€2,671
down €2,671 (-69.2%), from €3,861 to €1,191
- Other operating charges -€2,159
down €2,159 (-61.9%), from €3,490 to €1,331
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,683 | €122,703 | +€11,020 | +9.9% |
| Fixed assets | 21/28 | €11,765 | €6,233 | -€5,532 | -47.0% |
| Tangible fixed assets | 22/27 | €11,765 | €6,233 | -€5,532 | -47.0% |
| Plant, machinery and equipment | 23 | €4,997 | €1,758 | -€3,239 | -64.8% |
| Furniture and vehicles | 24 | €6,768 | €4,475 | -€2,293 | -33.9% |
| Current assets | 29/58 | €99,919 | €116,470 | +€16,551 | +16.6% |
| Stocks and contracts in progress | 3 | €17,738 | €19,615 | +€1,877 | +10.6% |
| Stocks | 30/36 | €17,738 | €19,615 | +€1,877 | +10.6% |
| Amounts receivable within one year | 40/41 | €48,076 | €70,256 | +€22,180 | +46.1% |
| Trade receivables | 40 | €38,043 | €64,767 | +€26,724 | +70.2% |
| Other amounts receivable | 41 | €10,033 | €5,489 | -€4,544 | -45.3% |
| Cash at bank and in hand | 54/58 | €32,578 | €25,265 | -€7,313 | -22.4% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,334 | -€193 | -12.6% |
| Total equity and liabilities | 10/49 | €111,683 | €122,703 | +€11,020 | +9.9% |
| Equity | 10/15 | €49,157 | €64,401 | +€15,245 | +31.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €15,245 | +€15,245 | |
| Distributable reserves | 133 | - | €15,245 | +€15,245 | |
| Profit (loss) carried forward | 14 | €44,157 | €44,157 | = | 0.0% |
| Amounts payable | 17/49 | €62,526 | €58,301 | -€4,225 | -6.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,066 | €49,199 | -€8,868 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €5,394 | €2,932 | -€2,462 | -45.6% |
| Trade debts | 44 | €39,968 | €34,495 | -€5,473 | -13.7% |
| Suppliers | 440/4 | €39,968 | €34,495 | -€5,473 | -13.7% |
| Taxes, remuneration and social security | 45 | €6,624 | €6,544 | -€80 | -1.2% |
| Taxes | 450/3 | €5,514 | €1,110 | -€4,404 | -79.9% |
| Remuneration and social security | 454/9 | €1,110 | €5,433 | +€4,323 | +390% |
| Other amounts payable | 47/48 | €6,080 | €5,228 | -€852 | -14.0% |
| Accrued charges and deferred income | 492/3 | €4,460 | €9,102 | +€4,642 | +104% |
| Remuneration, social security and pensions | 62 | €61,743 | €62,162 | +€419 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,601 | €5,532 | -€69 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,842 | +€2,842 | |
| Other operating charges | 640/8 | €3,490 | €1,331 | -€2,159 | -61.9% |
| Gross operating margin | 9900 | €86,582 | €94,362 | +€7,779 | +9.0% |
| Operating profit (loss) | 9901 | €15,749 | €22,494 | +€6,746 | +42.8% |
| Financial income | 75/76B | €299 | €0 | -€299 | -100.0% |
| Recurring financial income | 75 | €299 | €0 | -€299 | -100.0% |
| Financial charges | 65/66B | €3,861 | €1,191 | -€2,671 | -69.2% |
| Recurring financial charges | 65 | €3,861 | €1,191 | -€2,671 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €12,186 | €21,304 | +€9,118 | +74.8% |
| Income taxes | 67/77 | €3,035 | €6,059 | +€3,024 | +99.7% |
| Profit (loss) for the period | 9904 | €9,151 | €15,245 | +€6,093 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,151 | €15,245 | +€6,093 | +66.6% |
Next steps
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.