AVELA: 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.
AVELA
Largest movements
- Cash +€1.6m
up €1.6m (+10,616%), from €15,082 to €1.6m
mainly Net result for the year (+€2.6m) and Other debts (+€1.2m)
- Receivables within one year +€103,373
up €103,373 (+358%), from €28,858 to €132,231
of which Trade receivables: +€55,264
- Other debts +€1.2m
up €1.2m (+122%), from €975,091 to €2.2m
- Reserves +€698,251
up €698,251 (+3,703%), from €18,857 to €717,108
of which Distributable reserves: +€698,251
- Debts after one year -€150,784
down €150,784 (-37.6%), from €401,524 to €250,740
- Tax, wage and social debts -€56,163
down €56,163 (-72.4%), from €77,549 to €21,386
of which Taxes: -€56,163
- Financial income +€2.4m
up €2.4m (+1,146%), from €210,156 to €2.6m
- Gross operating margin -€81,646
down €81,646 (-81.7%), from €99,939 to €18,293
- Other operating charges +€13,399
up €13,399 (+1,938%), from €692 to €14,091
- Taxes -€6,021
down €6,021 (-30.4%), from €19,774 to €13,753
- Financial charges -€1,347
down €1,347 (-15.9%), from €8,454 to €7,107
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,647,759 | €3,335,600 | +€1.7m | +102% |
| Fixed assets | 21/28 | €1,602,096 | €1,585,051 | -€17,046 | -1.1% |
| Tangible fixed assets | 22/27 | €364,471 | €349,176 | -€15,296 | -4.2% |
| Land and buildings | 22 | €362,946 | €345,164 | -€17,782 | -4.9% |
| Furniture and vehicles | 24 | €1,526 | €4,012 | +€2,486 | +163% |
| Financial fixed assets | 28 | €1,237,625 | €1,235,875 | -€1,750 | -0.1% |
| Current assets | 29/58 | €45,662 | €1,750,549 | +€1.7m | +3,734% |
| Amounts receivable within one year | 40/41 | €28,858 | €132,231 | +€103,373 | +358% |
| Trade receivables | 40 | €23,605 | €78,869 | +€55,264 | +234% |
| Other amounts receivable | 41 | €5,253 | €53,362 | +€48,109 | +916% |
| Cash at bank and in hand | 54/58 | €15,082 | €1,616,179 | +€1.6m | +10,616% |
| Deferred charges and accrued income | 490/1 | €1,722 | €2,140 | +€417 | +24.2% |
| Total equity and liabilities | 10/49 | €1,647,759 | €3,335,600 | +€1.7m | +102% |
| Equity | 10/15 | €37,457 | €735,708 | +€698,251 | +1,864% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,857 | €717,108 | +€698,251 | +3,703% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,857 | €717,108 | +€698,251 | +3,703% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,610,302 | €2,599,892 | +€989,590 | +61.5% |
| Amounts payable after more than one year | 17 | €401,524 | €250,740 | -€150,784 | -37.6% |
| Financial debts | 170/4 | €401,524 | €250,740 | -€150,784 | -37.6% |
| Amounts payable within one year | 42/48 | €1,208,278 | €2,348,652 | +€1.1m | +94.4% |
| Current portion of amounts payable after more than one year | 42 | €155,638 | €159,683 | +€4,045 | +2.6% |
| Trade debts | 44 | €0 | €7,560 | +€7,560 | |
| Suppliers | 440/4 | €0 | €7,560 | +€7,560 | |
| Taxes, remuneration and social security | 45 | €77,549 | €21,386 | -€56,163 | -72.4% |
| Taxes | 450/3 | €73,549 | €17,386 | -€56,163 | -76.4% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €975,091 | €2,160,023 | +€1.2m | +122% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,632 | €19,225 | +€593 | +3.2% |
| Other operating charges | 640/8 | €692 | €14,091 | +€13,399 | +1,938% |
| Gross operating margin | 9900 | €99,939 | €18,293 | -€81,646 | -81.7% |
| Operating profit (loss) | 9901 | €80,616 | -€15,023 | -€95,639 | |
| Financial income | 75/76B | €210,156 | €2,619,134 | +€2.4m | +1,146% |
| Recurring financial income | 75 | €210,156 | €2,619,134 | +€2.4m | +1,146% |
| Financial charges | 65/66B | €8,454 | €7,107 | -€1,347 | -15.9% |
| Recurring financial charges | 65 | €8,454 | €7,107 | -€1,347 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €282,317 | €2,597,004 | +€2.3m | +820% |
| Income taxes | 67/77 | €19,774 | €13,753 | -€6,021 | -30.4% |
| Profit (loss) for the period | 9904 | €262,543 | €2,583,251 | +€2.3m | +884% |
| Profit (loss) for the period to be appropriated | 9905 | €262,543 | €2,583,251 | +€2.3m | +884% |
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 14 October 2026 via checked.be.