AVILODE: 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.
AVILODE
Largest movements
- Tangible fixed assets +€165,328
up €165,328 (+125.2%), from €132,082 to €297,410
of which Plant, machinery and equipment: +€165,603
- Cash +€51,878
up €51,878 (+15.3%), from €338,888 to €390,766
mainly Net result for the year (+€235,265) and Depreciation (+€36,962)
- Stocks and contracts +€29,710
up €29,710 (+1077.9%), from €2,756 to €32,467
- Receivables within one year +€17,349
up €17,349 (+16.5%), from €105,352 to €122,701
of which Trade receivables: +€13,356
- Reserves +€235,265
up €235,265 (+115.4%), from €203,812 to €439,077
- Tax, wage and social debts +€28,476
up €28,476 (+98.5%), from €28,920 to €57,397
of which Taxes: +€26,077
- Gross operating margin +€206,526
up €206,526 (+114.7%), from €180,030 to €386,557
- Taxes +€67,262
up €67,262 (+179.0%), from €37,575 to €104,837
- Other operating charges -€13,175
down €13,175 (-92.8%), from €14,201 to €1,026
- Depreciation +€9,096
up €9,096 (+32.6%), from €27,866 to €36,962
- Staff costs -€7,980
down €7,980 (-99.6%), from €8,011 to €31
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 | €581,246 | €845,191 | +€263,945 | +45.4% |
| Fixed assets | 21/28 | €132,174 | €297,502 | +€165,328 | +125.1% |
| Tangible fixed assets | 22/27 | €132,082 | €297,410 | +€165,328 | +125.2% |
| Plant, machinery and equipment | 23 | €131,650 | €297,254 | +€165,603 | +125.8% |
| Furniture and vehicles | 24 | €432 | €157 | -€275 | -63.7% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €449,072 | €547,689 | +€98,618 | +22.0% |
| Stocks and contracts in progress | 3 | €2,756 | €32,467 | +€29,710 | +1077.9% |
| Stocks | 30/36 | €2,756 | €32,467 | +€29,710 | +1077.9% |
| Amounts receivable within one year | 40/41 | €105,352 | €122,701 | +€17,349 | +16.5% |
| Trade receivables | 40 | €83,143 | €96,498 | +€13,356 | +16.1% |
| Other amounts receivable | 41 | €22,209 | €26,203 | +€3,994 | +18.0% |
| Cash at bank and in hand | 54/58 | €338,888 | €390,766 | +€51,878 | +15.3% |
| Deferred charges and accrued income | 490/1 | €2,076 | €1,756 | -€320 | -15.4% |
| Total equity and liabilities | 10/49 | €581,246 | €845,191 | +€263,945 | +45.4% |
| Equity | 10/15 | €401,697 | €636,962 | +€235,265 | +58.6% |
| Contributions | 10/11 | €28,012 | €28,012 | = | 0.0% |
| Reserves | 13 | €203,812 | €439,077 | +€235,265 | +115.4% |
| Distributable reserves | 133 | €203,812 | €439,077 | +€235,265 | +115.4% |
| Profit (loss) carried forward | 14 | €169,873 | €169,873 | = | 0.0% |
| Amounts payable | 17/49 | €179,549 | €208,230 | +€28,681 | +16.0% |
| Amounts payable within one year | 42/48 | €179,549 | €208,230 | +€28,681 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €25,205 | €17,567 | -€7,638 | -30.3% |
| Suppliers | 440/4 | €25,205 | €17,567 | -€7,638 | -30.3% |
| Taxes, remuneration and social security | 45 | €28,920 | €57,397 | +€28,476 | +98.5% |
| Taxes | 450/3 | €28,319 | €54,397 | +€26,077 | +92.1% |
| Remuneration and social security | 454/9 | €601 | €3,000 | +€2,399 | +399.1% |
| Other amounts payable | 47/48 | €125,424 | €133,266 | +€7,842 | +6.3% |
| Remuneration, social security and pensions | 62 | €8,011 | €31 | -€7,980 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,866 | €36,962 | +€9,096 | +32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €14,201 | €1,026 | -€13,175 | -92.8% |
| Non-recurring operating charges | 66A | €792 | €0 | -€792 | -100.0% |
| Gross operating margin | 9900 | €180,030 | €386,557 | +€206,526 | +114.7% |
| Operating profit (loss) | 9901 | €129,160 | €348,537 | +€219,377 | +169.8% |
| Financial income | 75/76B | €172 | €119 | -€53 | -30.6% |
| Recurring financial income | 75 | €172 | €119 | -€53 | -30.6% |
| Financial charges | 65/66B | €9,502 | €8,555 | -€947 | -10.0% |
| Recurring financial charges | 65 | €9,502 | €8,555 | -€947 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €119,830 | €340,102 | +€220,272 | +183.8% |
| Income taxes | 67/77 | €37,575 | €104,837 | +€67,262 | +179.0% |
| Profit (loss) for the period | 9904 | €82,255 | €235,265 | +€153,010 | +186.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,255 | €235,265 | +€153,010 | +186.0% |
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 2 October 2026 via checked.be.