Avelin: 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.
Avelin
Largest movements
- Tangible fixed assets +€217,420
up €217,420 (+51.2%), from €424,436 to €641,856
of which Land and buildings: +€234,357
- Financial fixed assets -€98,080
down €98,080 (-98.1%), from €100,000 to €1,920
- Cash +€59,098
up €59,098 (+37.8%), from €156,179 to €215,277
mainly Debts after one year (+€147,756) and Net result for the year (+€104,640)
- Current investments +€49,757
new in 2025: €49,757
- Debts after one year +€147,756
up €147,756 (+45.4%), from €325,310 to €473,065
- Reserves +€53,487
up €53,487 (+17.2%), from €311,006 to €364,493
- Trade debts +€41,491
up €41,491 (+1459.3%), from €2,843 to €44,334
- Advances received -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Financial income +€31,433
up €31,433 (+21101.5%), from €149 to €31,582
of which Non-recurring financial income: +€30,000
- Gross operating margin +€19,306
up €19,306 (+15.4%), from €125,137 to €144,443
- Taxes +€2,955
up €2,955 (+12.1%), from €24,508 to €27,464
- Financial charges +€2,081
up €2,081 (+28.7%), from €7,245 to €9,326
- Depreciation +€1,919
up €1,919 (+6.0%), from €31,759 to €33,678
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 | €723,133 | €950,074 | +€226,941 | +31.4% |
| Fixed assets | 21/28 | €524,436 | €643,776 | +€119,340 | +22.8% |
| Tangible fixed assets | 22/27 | €424,436 | €641,856 | +€217,420 | +51.2% |
| Land and buildings | 22 | €359,295 | €593,652 | +€234,357 | +65.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €54,333 | €40,154 | -€14,180 | -26.1% |
| Other tangible fixed assets | 26 | €10,808 | €8,050 | -€2,758 | -25.5% |
| Financial fixed assets | 28 | €100,000 | €1,920 | -€98,080 | -98.1% |
| Current assets | 29/58 | €198,697 | €306,298 | +€107,601 | +54.2% |
| Amounts receivable within one year | 40/41 | €38,477 | €35,073 | -€3,404 | -8.8% |
| Trade receivables | 40 | €38,394 | €34,972 | -€3,422 | -8.9% |
| Other amounts receivable | 41 | €83 | €101 | +€18 | +21.9% |
| Current investments | 50/53 | - | €49,757 | +€49,757 | |
| Cash at bank and in hand | 54/58 | €156,179 | €215,277 | +€59,098 | +37.8% |
| Deferred charges and accrued income | 490/1 | €4,041 | €6,191 | +€2,150 | +53.2% |
| Total equity and liabilities | 10/49 | €723,133 | €950,074 | +€226,941 | +31.4% |
| Equity | 10/15 | €317,206 | €370,693 | +€53,487 | +16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,006 | €364,493 | +€53,487 | +17.2% |
| Distributable reserves | 133 | €311,006 | €364,493 | +€53,487 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €405,927 | €579,381 | +€173,454 | +42.7% |
| Amounts payable after more than one year | 17 | €325,310 | €473,065 | +€147,756 | +45.4% |
| Financial debts | 170/4 | €325,310 | €473,065 | +€147,756 | +45.4% |
| Amounts payable within one year | 42/48 | €79,991 | €106,316 | +€26,324 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €42,687 | €43,545 | +€858 | +2.0% |
| Trade debts | 44 | €2,843 | €44,334 | +€41,491 | +1459.3% |
| Suppliers | 440/4 | €2,843 | €44,334 | +€41,491 | +1459.3% |
| Advances received on contracts in progress | 46 | €12,000 | €0 | -€12,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,654 | €16,222 | -€4,432 | -21.5% |
| Taxes | 450/3 | €20,654 | €16,222 | -€4,432 | -21.5% |
| Other amounts payable | 47/48 | €1,807 | €2,214 | +€408 | +22.6% |
| Accrued charges and deferred income | 492/3 | €626 | €0 | -€626 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,759 | €33,678 | +€1,919 | +6.0% |
| Other operating charges | 640/8 | €1,434 | €917 | -€517 | -36.1% |
| Gross operating margin | 9900 | €125,137 | €144,443 | +€19,306 | +15.4% |
| Operating profit (loss) | 9901 | €91,944 | €109,848 | +€17,905 | +19.5% |
| Financial income | 75/76B | €149 | €31,582 | +€31,433 | +21101.5% |
| Recurring financial income | 75 | €149 | €1,582 | +€1,433 | +961.9% |
| Non-recurring financial income | 76B | - | €30,000 | +€30,000 | |
| Financial charges | 65/66B | €7,245 | €9,326 | +€2,081 | +28.7% |
| Recurring financial charges | 65 | €7,245 | €9,326 | +€2,081 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €84,847 | €132,104 | +€47,257 | +55.7% |
| Income taxes | 67/77 | €24,508 | €27,464 | +€2,955 | +12.1% |
| Profit (loss) for the period | 9904 | €60,339 | €104,640 | +€44,301 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,339 | €104,640 | +€44,301 | +73.4% |
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 4 October 2026 via checked.be.