AVALOR: what changed
Two fiscal 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.
AVALOR
Largest movements
- Receivables after one year -€59,746
down €59,746 (-23.2%), from €257,603 to €197,856
of which Trade receivables: -€142,138
- Cash +€53,097
up €53,097 (+114.5%), from €46,360 to €99,456
mainly Receivables after one year (+€59,746) and Investment in fixed assets (net) (+€32,261)
- Financial fixed assets -€31,878
down €31,878 (-11.7%), from €271,822 to €239,944
- Receivables within one year -€12,447
down €12,447 (-44.7%), from €27,826 to €15,379
of which Trade receivables: -€12,281
- Profit (loss) carried forward -€41,060
down €41,060 (-13.5%), from €304,184 to €263,125
- Financial charges +€101,851
up €101,851 (+15061.9%), from €676 to €102,528
of which Non-recurring financial charges: +€98,179
- Gross operating margin -€27,040
down €27,040 (-24.3%), from €111,176 to €84,136
- Taxes -€11,768
down €11,768 (-34.3%), from €34,351 to €22,583
- Financial income -€6,234
down €6,234 (-53.0%), from €11,752 to €5,518
- Depreciation -€3,711
down €3,711 (-51.6%), from €7,193 to €3,482
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 | €616,767 | €566,803 | -€49,964 | -8.1% |
| Fixed assets | 21/28 | €279,840 | €244,097 | -€35,743 | -12.8% |
| Tangible fixed assets | 22/27 | €8,018 | €4,152 | -€3,865 | -48.2% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €610 | €260 | -€350 | -57.4% |
| Furniture and vehicles | 24 | €7,408 | €3,893 | -€3,516 | -47.5% |
| Financial fixed assets | 28 | €271,822 | €239,944 | -€31,878 | -11.7% |
| Current assets | 29/58 | €336,927 | €322,706 | -€14,221 | -4.2% |
| Amounts receivable after more than one year | 29 | €257,603 | €197,856 | -€59,746 | -23.2% |
| Trade receivables | 290 | €142,138 | - | -€142,138 | |
| Other amounts receivable | 291 | €115,465 | €197,856 | +€82,392 | +71.4% |
| Amounts receivable within one year | 40/41 | €27,826 | €15,379 | -€12,447 | -44.7% |
| Trade receivables | 40 | €27,642 | €15,362 | -€12,281 | -44.4% |
| Other amounts receivable | 41 | €183 | €18 | -€166 | -90.4% |
| Cash at bank and in hand | 54/58 | €46,360 | €99,456 | +€53,097 | +114.5% |
| Deferred charges and accrued income | 490/1 | €5,139 | €10,014 | +€4,876 | +94.9% |
| Total equity and liabilities | 10/49 | €616,767 | €566,803 | -€49,964 | -8.1% |
| Equity | 10/15 | €574,644 | €533,585 | -€41,060 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,860 | €251,860 | = | 0.0% |
| Distributable reserves | 133 | €251,860 | €251,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,184 | €263,125 | -€41,060 | -13.5% |
| Amounts payable | 17/49 | €42,122 | €33,218 | -€8,904 | -21.1% |
| Amounts payable within one year | 42/48 | €42,122 | €33,218 | -€8,904 | -21.1% |
| Trade debts | 44 | €10,477 | €5,943 | -€4,534 | -43.3% |
| Suppliers | 440/4 | €10,477 | €5,943 | -€4,534 | -43.3% |
| Taxes, remuneration and social security | 45 | €28,150 | €24,060 | -€4,091 | -14.5% |
| Taxes | 450/3 | €28,150 | €24,060 | -€4,091 | -14.5% |
| Other amounts payable | 47/48 | €3,495 | €3,216 | -€279 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,193 | €3,482 | -€3,711 | -51.6% |
| Other operating charges | 640/8 | €2,105 | €2,121 | +€16 | +0.8% |
| Gross operating margin | 9900 | €111,176 | €84,136 | -€27,040 | -24.3% |
| Operating profit (loss) | 9901 | €101,878 | €78,533 | -€23,345 | -22.9% |
| Financial income | 75/76B | €11,752 | €5,518 | -€6,234 | -53.0% |
| Recurring financial income | 75 | €11,752 | €5,518 | -€6,234 | -53.0% |
| Financial charges | 65/66B | €676 | €102,528 | +€101,851 | +15061.9% |
| Recurring financial charges | 65 | €676 | €4,348 | +€3,672 | +543.0% |
| Non-recurring financial charges | 66B | - | €98,179 | +€98,179 | |
| Profit (loss) for the period before taxes | 9903 | €112,954 | -€18,477 | -€131,430 | |
| Income taxes | 67/77 | €34,351 | €22,583 | -€11,768 | -34.3% |
| Profit (loss) for the period | 9904 | €78,603 | -€41,060 | -€119,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,603 | -€41,060 | -€119,663 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.