Averle: 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.
Averle
Largest movements
- Cash +€39,970
up €39,970 (+522%), from €7,655 to €47,624
mainly Depreciation (+€56,101) and Other debts (+€43,219)
- Tangible fixed assets +€18,319
up €18,319 (+1.5%), from €1.2m to €1.2m
of which Land and buildings: +€372,580
- Other debts +€43,219
up €43,219 (+14.4%), from €300,774 to €343,992
- Debts after one year -€40,800
down €40,800 (-7.9%), from €519,364 to €478,564
of which Financial debts: -€40,800
- Reserves +€25,225
up €25,225 (+7.1%), from €354,176 to €379,400
of which Distributable reserves: +€25,225
- Gross operating margin +€37,903
up €37,903 (+34.0%), from €111,345 to €149,247
- Taxes +€9,921
up €9,921 (+295%), from €3,359 to €13,281
- Other operating charges -€8,672
down €8,672 (-33.8%), from €25,628 to €16,955
- Depreciation +€8,600
up €8,600 (+18.1%), from €47,501 to €56,101
- Financial charges +€6,627
up €6,627 (+21.1%), from €31,370 to €37,998
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 | €1,271,875 | €1,320,711 | +€48,836 | +3.8% |
| Fixed assets | 21/28 | €1,224,316 | €1,242,635 | +€18,319 | +1.5% |
| Tangible fixed assets | 22/27 | €1,224,316 | €1,242,635 | +€18,319 | +1.5% |
| Land and buildings | 22 | €637,161 | €1,009,742 | +€372,580 | +58.5% |
| Plant, machinery and equipment | 23 | €4,747 | €11,813 | +€7,066 | +149% |
| Furniture and vehicles | 24 | €3,662 | €1,792 | -€1,870 | -51.1% |
| Other tangible fixed assets | 26 | €234,942 | €219,287 | -€15,654 | -6.7% |
| Assets under construction and advance payments | 27 | €343,803 | - | -€343,803 | |
| Current assets | 29/58 | €47,559 | €78,077 | +€30,517 | +64.2% |
| Amounts receivable within one year | 40/41 | €39,905 | €30,369 | -€9,536 | -23.9% |
| Trade receivables | 40 | €14,076 | €22,022 | +€7,946 | +56.5% |
| Other amounts receivable | 41 | €25,829 | €8,347 | -€17,482 | -67.7% |
| Cash at bank and in hand | 54/58 | €7,655 | €47,624 | +€39,970 | +522% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €1,271,875 | €1,320,711 | +€48,836 | +3.8% |
| Equity | 10/15 | €409,253 | €434,478 | +€25,225 | +6.2% |
| Contributions | 10/11 | €55,078 | €55,078 | = | 0.0% |
| Reserves | 13 | €354,176 | €379,400 | +€25,225 | +7.1% |
| Tax-exempt reserves | 132 | €304 | €304 | = | 0.0% |
| Distributable reserves | 133 | €353,872 | €379,096 | +€25,225 | +7.1% |
| Amounts payable | 17/49 | €862,622 | €886,233 | +€23,611 | +2.7% |
| Amounts payable after more than one year | 17 | €519,364 | €478,564 | -€40,800 | -7.9% |
| Financial debts | 170/4 | €285,600 | €244,800 | -€40,800 | -14.3% |
| Other amounts payable | 178/9 | €233,764 | €233,764 | = | 0.0% |
| Amounts payable within one year | 42/48 | €343,257 | €407,669 | +€64,411 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €40,800 | €40,800 | = | 0.0% |
| Trade debts | 44 | €1,386 | €9,596 | +€8,209 | +592% |
| Suppliers | 440/4 | €1,386 | €9,596 | +€8,209 | +592% |
| Taxes, remuneration and social security | 45 | €298 | €13,281 | +€12,983 | +4,364% |
| Taxes | 450/3 | €298 | €13,281 | +€12,983 | +4,364% |
| Other amounts payable | 47/48 | €300,774 | €343,992 | +€43,219 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,501 | €56,101 | +€8,600 | +18.1% |
| Other operating charges | 640/8 | €25,628 | €16,955 | -€8,672 | -33.8% |
| Gross operating margin | 9900 | €111,345 | €149,247 | +€37,903 | +34.0% |
| Operating profit (loss) | 9901 | €38,216 | €76,191 | +€37,975 | +99.4% |
| Financial income | 75/76B | €1,752 | €312 | -€1,439 | -82.2% |
| Recurring financial income | 75 | €1,752 | €312 | -€1,439 | -82.2% |
| Financial charges | 65/66B | €31,370 | €37,998 | +€6,627 | +21.1% |
| Recurring financial charges | 65 | €31,370 | €37,998 | +€6,627 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €8,597 | €38,506 | +€29,908 | +348% |
| Income taxes | 67/77 | €3,359 | €13,281 | +€9,921 | +295% |
| Profit (loss) for the period | 9904 | €5,238 | €25,225 | +€19,987 | +382% |
| Profit (loss) for the period to be appropriated | 9905 | €5,238 | €25,225 | +€19,987 | +382% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.