Avello: 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.
Avello
Largest movements
- Receivables within one year +€55,208
up €55,208 (+66.5%), from €83,007 to €138,215
of which Other amounts receivable: +€56,671
- Cash -€46,772
down €46,772 (-13.6%), from €343,313 to €296,541
mainly Receivables within one year (-€55,208) and Provisions (-€30,000)
- Deferred charges and accrued income -€10,829
down €10,829 (-61.8%), from €17,515 to €6,686
- Stocks and contracts +€7,061
up €7,061 (+332.5%), from €2,123 to €9,185
- Provisions -€30,000
down €30,000 (-41.2%), from €72,800 to €42,800
- Accrued charges and deferred income +€26,147
up €26,147 (+138.7%), from €18,853 to €45,000
- Debts within one year +€14,793
up €14,793 (+11.2%), from €132,284 to €147,077
of which Trade debts: +€8,425
- Reserves -€12,656
down €12,656 (-6.9%), from €184,417 to €171,761
- Staff costs +€78,181
up €78,181 (+11.2%), from €700,159 to €778,340
- Gross operating margin -€26,862
down €26,862 (-3.5%), from €776,421 to €749,559
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 | €463,911 | €465,060 | +€1,149 | +0.2% |
| Fixed assets | 21/28 | €17,953 | €14,433 | -€3,520 | -19.6% |
| Intangible fixed assets | 21 | €2,364 | €1,602 | -€762 | -32.2% |
| Tangible fixed assets | 22/27 | €14,249 | €11,266 | -€2,982 | -20.9% |
| Land and buildings | 22 | €12,154 | €10,420 | -€1,734 | -14.3% |
| Furniture and vehicles | 24 | €2,095 | €846 | -€1,249 | -59.6% |
| Financial fixed assets | 28 | €1,340 | €1,565 | +€225 | +16.8% |
| Current assets | 29/58 | €445,958 | €450,626 | +€4,669 | +1.0% |
| Stocks and contracts in progress | 3 | €2,123 | €9,185 | +€7,061 | +332.5% |
| Stocks | 30/36 | €2,123 | €9,185 | +€7,061 | +332.5% |
| Amounts receivable within one year | 40/41 | €83,007 | €138,215 | +€55,208 | +66.5% |
| Trade receivables | 40 | €1,778 | €315 | -€1,463 | -82.3% |
| Other amounts receivable | 41 | €81,229 | €137,900 | +€56,671 | +69.8% |
| Cash at bank and in hand | 54/58 | €343,313 | €296,541 | -€46,772 | -13.6% |
| Deferred charges and accrued income | 490/1 | €17,515 | €6,686 | -€10,829 | -61.8% |
| Total equity and liabilities | 10/49 | €463,911 | €465,060 | +€1,149 | +0.2% |
| Equity | 10/15 | €239,974 | €230,183 | -€9,791 | -4.1% |
| Reserves | 13 | €184,417 | €171,761 | -€12,656 | -6.9% |
| Profit (loss) carried forward | 14 | €55,557 | €58,422 | +€2,865 | +5.2% |
| Provisions and deferred taxes | 16 | €72,800 | €42,800 | -€30,000 | -41.2% |
| Provisions for liabilities and charges | 160/5 | €72,800 | €42,800 | -€30,000 | -41.2% |
| Major repairs and maintenance | 162 | €42,800 | €32,800 | -€10,000 | -23.4% |
| Other liabilities and charges | 164/5 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Amounts payable | 17/49 | €151,137 | €192,077 | +€40,940 | +27.1% |
| Amounts payable within one year | 42/48 | €132,284 | €147,077 | +€14,793 | +11.2% |
| Trade debts | 44 | €10,100 | €18,524 | +€8,425 | +83.4% |
| Suppliers | 440/4 | €10,100 | €18,524 | +€8,425 | +83.4% |
| Taxes, remuneration and social security | 45 | €122,184 | €127,010 | +€4,826 | +3.9% |
| Taxes | 450/3 | €22,795 | €25,573 | +€2,778 | +12.2% |
| Remuneration and social security | 454/9 | €99,389 | €101,437 | +€2,047 | +2.1% |
| Accrued charges and deferred income | 492/3 | €18,853 | €45,000 | +€26,147 | +138.7% |
| Non-recurring operating income | 76A | - | €9,499 | +€9,499 | |
| Remuneration, social security and pensions | 62 | €700,159 | €778,340 | +€78,181 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,470 | €3,745 | -€725 | -16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,123 | +€2,123 | |
| Other operating charges | 640/8 | €4,449 | €4,452 | +€3 | +0.1% |
| Non-recurring operating charges | 66A | €3,005 | €26 | -€2,979 | -99.1% |
| Gross operating margin | 9900 | €776,421 | €749,559 | -€26,862 | -3.5% |
| Operating profit (loss) | 9901 | €64,339 | -€9,127 | -€73,466 | |
| Financial income | 75/76B | €675 | €1,507 | +€832 | +123.2% |
| Recurring financial income | 75 | €675 | €1,507 | +€832 | +123.2% |
| Financial charges | 65/66B | €1,007 | €1,101 | +€94 | +9.3% |
| Recurring financial charges | 65 | €1,007 | €1,051 | +€44 | +4.4% |
| Non-recurring financial charges | 66B | - | €50 | +€50 | |
| Profit (loss) for the period before taxes | 9903 | €64,007 | -€8,721 | -€72,728 | |
| Income taxes | 67/77 | €1,100 | €1,070 | -€30 | -2.7% |
| Profit (loss) for the period | 9904 | €62,907 | -€9,791 | -€72,698 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,907 | -€9,791 | -€72,698 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.