AVILO CAPITAL: 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.
AVILO CAPITAL
Largest movements
- Current investments -€12.5m
down €12.5m (-46.4%), from €26.9m to €14.4m
- Receivables after one year +€7.0m
up €7.0m (+175%), from €4.0m to €11.0m
- Financial fixed assets +€3.4m
up €3.4m (+328%), from €1.0m to €4.4m
- Receivables within one year +€1.1m
up €1.1m (+157%), from €672,681 to €1.7m
of which Other amounts receivable: +€1.1m
- Cash +€397,544
up €397,544 (+233%), from €170,311 to €567,855
mainly Current investments (+€12.5m) and Depreciation (+€27,089)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€497,970
down €497,970 (-59.1%), from €843,252 to €345,283
- Financial income +€323,990
up €323,990 (+64.9%), from €499,392 to €823,382
- Gross operating margin -€196,915
down €196,915 (-72.7%), from -€270,852 to -€467,767
- Taxes +€124,300
new in 2024: €124,300
- Staff costs +€123,853
up €123,853 (+939%), from €13,184 to €137,037
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,044,535 | €32,539,838 | -€504,697 | -1.5% |
| Fixed assets | 21/28 | €1,254,194 | €4,633,471 | +€3.4m | +269% |
| Tangible fixed assets | 22/27 | €222,547 | €218,094 | -€4,453 | -2.0% |
| Furniture and vehicles | 24 | €175,252 | €176,453 | +€1,201 | +0.7% |
| Other tangible fixed assets | 26 | €47,295 | €41,642 | -€5,654 | -12.0% |
| Financial fixed assets | 28 | €1,031,647 | €4,415,377 | +€3.4m | +328% |
| Current assets | 29/58 | €31,790,340 | €27,906,366 | -€3.9m | -12.2% |
| Amounts receivable after more than one year | 29 | €4,000,000 | €10,981,086 | +€7.0m | +175% |
| Other amounts receivable | 291 | €4,000,000 | €10,981,086 | +€7.0m | +175% |
| Amounts receivable within one year | 40/41 | €672,681 | €1,730,997 | +€1.1m | +157% |
| Trade receivables | 40 | €358,114 | €366,091 | +€7,978 | +2.2% |
| Other amounts receivable | 41 | €314,567 | €1,364,905 | +€1.1m | +334% |
| Current investments | 50/53 | €26,947,068 | €14,435,447 | -€12.5m | -46.4% |
| Cash at bank and in hand | 54/58 | €170,311 | €567,855 | +€397,544 | +233% |
| Deferred charges and accrued income | 490/1 | €280 | €190,982 | +€190,702 | +68,230% |
| Total equity and liabilities | 10/49 | €33,044,535 | €32,539,838 | -€504,697 | -1.5% |
| Equity | 10/15 | €32,594,436 | €32,267,933 | -€326,503 | -1.0% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €16,968 | €16,968 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,968 | - | -€16,968 | |
| Reserves not available under the articles | 1311 | €16,968 | - | -€16,968 | |
| Distributable reserves | 133 | - | €16,968 | +€16,968 | |
| Profit (loss) carried forward | 14 | €31,527,468 | €31,200,965 | -€326,503 | -1.0% |
| Amounts payable | 17/49 | €450,099 | €271,905 | -€178,194 | -39.6% |
| Amounts payable after more than one year | 17 | €131,769 | - | -€131,769 | |
| Other amounts payable | 178/9 | €131,769 | - | -€131,769 | |
| Amounts payable within one year | 42/48 | €312,267 | €259,381 | -€52,887 | -16.9% |
| Financial debts | 43 | €2,582 | - | -€2,582 | |
| Credit institutions | 430/8 | €2,582 | - | -€2,582 | |
| Trade debts | 44 | €216,117 | €158,557 | -€57,560 | -26.6% |
| Suppliers | 440/4 | €216,117 | €158,557 | -€57,560 | -26.6% |
| Taxes, remuneration and social security | 45 | €5,640 | €25,824 | +€20,184 | +358% |
| Taxes | 450/3 | €1,256 | €1,793 | +€538 | +42.8% |
| Remuneration and social security | 454/9 | €4,384 | €24,031 | +€19,646 | +448% |
| Other amounts payable | 47/48 | €87,928 | €75,000 | -€12,928 | -14.7% |
| Accrued charges and deferred income | 492/3 | €6,063 | €12,525 | +€6,462 | +107% |
| Remuneration, social security and pensions | 62 | €13,184 | €137,037 | +€123,853 | +939% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,347 | €27,089 | +€4,742 | +21.2% |
| Other operating charges | 640/8 | €4,685 | €48,409 | +€43,724 | +933% |
| Gross operating margin | 9900 | -€270,852 | -€467,767 | -€196,915 | -72.7% |
| Operating profit (loss) | 9901 | -€311,068 | -€680,302 | -€369,234 | -119% |
| Financial income | 75/76B | €499,392 | €823,382 | +€323,990 | +64.9% |
| Recurring financial income | 75 | €499,392 | €823,382 | +€323,990 | +64.9% |
| Financial charges | 65/66B | €843,252 | €345,283 | -€497,970 | -59.1% |
| Recurring financial charges | 65 | €843,252 | €345,283 | -€497,970 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | -€654,929 | -€202,203 | +€452,726 | +69.1% |
| Income taxes | 67/77 | - | €124,300 | +€124,300 | |
| Profit (loss) for the period | 9904 | -€654,929 | -€326,503 | +€328,426 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€654,929 | -€326,503 | +€328,426 | +50.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.