AVALON PROJECTS: 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 PROJECTS
Largest movements
- Cash +€65,856
up €65,856 (+61.9%), from €106,450 to €172,307
mainly Receivables within one year (+€48,353) and Other debts (+€45,136)
- Receivables within one year -€48,353
down €48,353 (-57.6%), from €83,972 to €35,619
of which Trade receivables: -€43,390
- Tangible fixed assets -€4,568
down €4,568 (-5.3%), from €86,012 to €81,444
of which Land and buildings: -€3,690
- Other debts +€45,136
up €45,136 (+1848.1%), from €2,442 to €47,579
- Reserves -€16,569
down €16,569 (-8.6%), from €193,609 to €177,039
- Debts after one year -€7,491
down €7,491 (-18.7%), from €40,121 to €32,630
- Trade debts -€4,506
down €4,506 (-66.1%), from €6,820 to €2,314
- Tax, wage and social debts -€3,403
down €3,403 (-26.1%), from €13,036 to €9,634
- Gross operating margin +€6,430
up €6,430 (+15.1%), from €42,563 to €48,993
- Taxes +€2,785
up €2,785 (+23.3%), from €11,938 to €14,723
- Financial income +€527
up €527 (+29.9%), from €1,763 to €2,290
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 | €276,434 | €289,789 | +€13,355 | +4.8% |
| Fixed assets | 21/28 | €86,012 | €81,444 | -€4,568 | -5.3% |
| Tangible fixed assets | 22/27 | €86,012 | €81,444 | -€4,568 | -5.3% |
| Land and buildings | 22 | €82,290 | €78,600 | -€3,690 | -4.5% |
| Plant, machinery and equipment | 23 | €3,722 | €2,190 | -€1,532 | -41.2% |
| Furniture and vehicles | 24 | - | €654 | +€654 | |
| Current assets | 29/58 | €190,422 | €208,344 | +€17,922 | +9.4% |
| Amounts receivable within one year | 40/41 | €83,972 | €35,619 | -€48,353 | -57.6% |
| Trade receivables | 40 | €78,489 | €35,099 | -€43,390 | -55.3% |
| Other amounts receivable | 41 | €5,482 | €520 | -€4,963 | -90.5% |
| Cash at bank and in hand | 54/58 | €106,450 | €172,307 | +€65,856 | +61.9% |
| Deferred charges and accrued income | 490/1 | - | €419 | +€419 | |
| Total equity and liabilities | 10/49 | €276,434 | €289,789 | +€13,355 | +4.8% |
| Equity | 10/15 | €206,009 | €189,439 | -€16,569 | -8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,609 | €177,039 | -€16,569 | -8.6% |
| Distributable reserves | 133 | €193,609 | €177,039 | -€16,569 | -8.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,426 | €100,349 | +€29,924 | +42.5% |
| Amounts payable after more than one year | 17 | €40,121 | €32,630 | -€7,491 | -18.7% |
| Financial debts | 170/4 | €40,121 | €32,630 | -€7,491 | -18.7% |
| Amounts payable within one year | 42/48 | €30,304 | €67,719 | +€37,415 | +123.5% |
| Current portion of amounts payable after more than one year | 42 | €8,005 | €8,192 | +€187 | +2.3% |
| Trade debts | 44 | €6,820 | €2,314 | -€4,506 | -66.1% |
| Suppliers | 440/4 | €6,820 | €2,314 | -€4,506 | -66.1% |
| Taxes, remuneration and social security | 45 | €13,036 | €9,634 | -€3,403 | -26.1% |
| Taxes | 450/3 | €13,036 | €9,634 | -€3,403 | -26.1% |
| Other amounts payable | 47/48 | €2,442 | €47,579 | +€45,136 | +1848.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,357 | €4,568 | +€211 | +4.8% |
| Other operating charges | 640/8 | €1,757 | €1,878 | +€121 | +6.9% |
| Gross operating margin | 9900 | €42,563 | €48,993 | +€6,430 | +15.1% |
| Operating profit (loss) | 9901 | €36,450 | €42,547 | +€6,098 | +16.7% |
| Financial income | 75/76B | €1,763 | €2,290 | +€527 | +29.9% |
| Recurring financial income | 75 | €1,763 | €2,290 | +€527 | +29.9% |
| Financial charges | 65/66B | €1,623 | €1,447 | -€175 | -10.8% |
| Recurring financial charges | 65 | €1,623 | €1,447 | -€175 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €36,589 | €43,390 | +€6,800 | +18.6% |
| Income taxes | 67/77 | €11,938 | €14,723 | +€2,785 | +23.3% |
| Profit (loss) for the period | 9904 | €24,652 | €28,667 | +€4,016 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,652 | €28,667 | +€4,016 | +16.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.