Avalon Solutions: 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.
What changed
Avalon Solutions
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €2.4m+€906,613
Equity
€27.2m
2024 · €23.9m+€3.3m
Cash
€273,916
2024 · €71,447+€202,469
Balance sheet total
€41.6m
2024 · €42.1m-€473,962
Largest movements
Assets
- Financial fixed assets -€505,999
down €505,999 (-1.2%), from €41.2m to €40.7m
Equity and liabilities
- Debts after one year -€4.6m
down €4.6m (-28.6%), from €16.1m to €11.5m
- Profit (loss) carried forward +€3.1m
up €3.1m (+162%), from €1.9m to €5.1m
- Current portion of long-term debt +€860,576
up €860,576 (+48.9%), from €1.8m to €2.6m
Income statement
- Financial charges -€1.3m
down €1.3m (-64.3%), from €2.0m to €716,541
of which Non-recurring financial charges: -€1.2m
- Financial income -€229,829
down €229,829 (-5.8%), from €4.0m to €3.8m
- Gross operating margin -€82,604
down €82,604 (-10.5%), from €785,104 to €702,500
- Depreciation +€56,676
up €56,676 (+51.2%), from €110,665 to €167,341
- Staff costs +€15,872
up €15,872 (+6.1%), from €259,014 to €274,886
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.
Result 2024
€2.4m
Gross operating margin
-€82,604
Staff costs
-€15,872
Depreciation
-€56,676
Other operating charges
-€848
Financial income
-€229,829
Financial charges
+€1.3m
Taxes
+€589
Result 2025
€3.3m
raises the resultlowers the result
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.
From operations
+€3.5m
Investment
+€440,851
Financing
-€3.8m
Cash 2024
€71,447
From operations (derived)
+€3.5m
Net result for the year
+€3.3m
Depreciation
+€167,341
Receivables within one year
+€49,445
Deferred charges and accrued income
+€18,795
Trade debts
-€56,654
Tax, wage and social debts
+€60,984
Smaller working-capital items
-€7,829
Investment (derived)
+€440,851
Investment in fixed assets (net)
+€440,851
Financing
-€3.8m
Debts after one year
-€4.6m
Current portion of long-term debt
+€860,576
Cash 2025
€273,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,060,079 | €41,586,117 | -€473,962 | -1.1% |
| Fixed assets | 21/28 | €41,535,009 | €40,926,817 | -€608,191 | -1.5% |
| Intangible fixed assets | 21 | €210,345 | €175,719 | -€34,626 | -16.5% |
| Tangible fixed assets | 22/27 | €108,682 | €41,116 | -€67,566 | -62.2% |
| Plant, machinery and equipment | 23 | €1,887 | €5,138 | +€3,251 | +172% |
| Furniture and vehicles | 24 | €106,795 | €35,977 | -€70,817 | -66.3% |
| Financial fixed assets | 28 | €41,215,982 | €40,709,983 | -€505,999 | -1.2% |
| Current assets | 29/58 | €525,071 | €659,300 | +€134,229 | +25.6% |
| Amounts receivable within one year | 40/41 | €390,400 | €340,955 | -€49,445 | -12.7% |
| Trade receivables | 40 | €212,929 | €104,307 | -€108,622 | -51.0% |
| Other amounts receivable | 41 | €177,471 | €236,648 | +€59,177 | +33.3% |
| Cash at bank and in hand | 54/58 | €71,447 | €273,916 | +€202,469 | +283% |
| Deferred charges and accrued income | 490/1 | €63,223 | €44,428 | -€18,795 | -29.7% |
| Total equity and liabilities | 10/49 | €42,060,079 | €41,586,117 | -€473,962 | -1.1% |
| Equity | 10/15 | €23,909,308 | €27,200,711 | +€3.3m | +13.8% |
| Contributions | 10/11 | €21,870,000 | €21,870,000 | = | 0.0% |
| Capital | 10 | €21,870,000 | €21,870,000 | = | 0.0% |
| Issued capital | 100 | €21,870,000 | €21,870,000 | = | 0.0% |
| Reserves | 13 | €107,923 | €272,493 | +€164,570 | +152% |
| Non-distributable reserves | 130/1 | €107,923 | €272,493 | +€164,570 | +152% |
| Legal reserve | 130 | €107,923 | €272,493 | +€164,570 | +152% |
| Profit (loss) carried forward | 14 | €1,931,385 | €5,058,217 | +€3.1m | +162% |
| Amounts payable | 17/49 | €18,150,771 | €14,385,406 | -€3.8m | -20.7% |
| Amounts payable after more than one year | 17 | €16,143,571 | €11,521,130 | -€4.6m | -28.6% |
| Financial debts | 170/4 | €16,143,571 | €11,521,130 | -€4.6m | -28.6% |
| Amounts payable within one year | 42/48 | €1,966,122 | €2,831,238 | +€865,115 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €1,760,714 | €2,621,290 | +€860,576 | +48.9% |
| Trade debts | 44 | €120,438 | €63,784 | -€56,654 | -47.0% |
| Suppliers | 440/4 | €120,438 | €63,784 | -€56,654 | -47.0% |
| Taxes, remuneration and social security | 45 | €84,970 | €145,954 | +€60,984 | +71.8% |
| Taxes | 450/3 | €59,005 | €109,654 | +€50,649 | +85.8% |
| Remuneration and social security | 454/9 | €25,965 | €36,300 | +€10,336 | +39.8% |
| Other amounts payable | 47/48 | - | €209 | +€209 | |
| Accrued charges and deferred income | 492/3 | €41,078 | €33,039 | -€8,039 | -19.6% |
| Non-recurring operating income | 76A | €54,315 | €0 | -€54,315 | -100% |
| Remuneration, social security and pensions | 62 | €259,014 | €274,886 | +€15,872 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,665 | €167,341 | +€56,676 | +51.2% |
| Other operating charges | 640/8 | €1,345 | €2,193 | +€848 | +63.0% |
| Gross operating margin | 9900 | €785,104 | €702,500 | -€82,604 | -10.5% |
| Operating profit (loss) | 9901 | €414,080 | €258,080 | -€156,000 | -37.7% |
| Financial income | 75/76B | €3,980,313 | €3,750,484 | -€229,829 | -5.8% |
| Recurring financial income | 75 | €3,980,313 | €3,750,484 | -€229,829 | -5.8% |
| Financial charges | 65/66B | €2,008,393 | €716,541 | -€1.3m | -64.3% |
| Recurring financial charges | 65 | €623,393 | €520,838 | -€102,555 | -16.5% |
| Non-recurring financial charges | 66B | €1,385,000 | €195,703 | -€1.2m | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €2,385,999 | €3,292,023 | +€906,024 | +38.0% |
| Income taxes | 67/77 | €1,209 | €620 | -€589 | -48.7% |
| Profit (loss) for the period | 9904 | €2,384,790 | €3,291,403 | +€906,613 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,384,790 | €3,291,403 | +€906,613 | +38.0% |
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 26 October 2026 via checked.be.