AVL: 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.
AVL
Largest movements
- Tangible fixed assets -€19,594
down €19,594 (-48.0%), from €40,848 to €21,254
of which Other tangible fixed assets: -€10,386
- Cash +€7,461
up €7,461 (+11.1%), from €67,025 to €74,486
mainly Depreciation (+€19,594) and Other debts (+€12,644)
- Receivables within one year +€2,813
up €2,813 (+11.2%), from €25,190 to €28,003
of which Trade receivables: +€1,417
- Debts after one year -€18,043
down €18,043 (-77.7%), from €23,228 to €5,185
- Other debts +€12,644
up €12,644 (+47.2%), from €26,814 to €39,458
- Trade debts -€2,467
no longer reported in 2025 (was €2,467)
- Tax, wage and social debts -€1,477
down €1,477 (-16.8%), from €8,799 to €7,322
- Gross operating margin +€9,217
up €9,217 (+74.4%), from €12,388 to €21,605
- Depreciation -€1,100
down €1,100 (-5.3%), from €20,694 to €19,594
- Financial charges -€539
down €539 (-33.7%), from €1,597 to €1,059
- Other operating charges -€407
down €407 (-21.9%), from €1,858 to €1,451
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 | €134,331 | €124,961 | -€9,370 | -7.0% |
| Fixed assets | 21/28 | €40,848 | €21,254 | -€19,594 | -48.0% |
| Tangible fixed assets | 22/27 | €40,848 | €21,254 | -€19,594 | -48.0% |
| Plant, machinery and equipment | 23 | €3,893 | €2,108 | -€1,785 | -45.9% |
| Furniture and vehicles | 24 | €15,089 | €7,666 | -€7,422 | -49.2% |
| Other tangible fixed assets | 26 | €21,866 | €11,479 | -€10,386 | -47.5% |
| Current assets | 29/58 | €93,483 | €103,707 | +€10,224 | +10.9% |
| Amounts receivable within one year | 40/41 | €25,190 | €28,003 | +€2,813 | +11.2% |
| Trade receivables | 40 | €25,190 | €26,607 | +€1,417 | +5.6% |
| Other amounts receivable | 41 | - | €1,396 | +€1,396 | |
| Cash at bank and in hand | 54/58 | €67,025 | €74,486 | +€7,461 | +11.1% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,219 | -€50 | -3.9% |
| Total equity and liabilities | 10/49 | €134,331 | €124,961 | -€9,370 | -7.0% |
| Equity | 10/15 | €55,493 | €54,953 | -€540 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,849 | €3,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,989 | €1,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,044 | €32,504 | -€540 | -1.6% |
| Amounts payable | 17/49 | €78,838 | €70,008 | -€8,830 | -11.2% |
| Amounts payable after more than one year | 17 | €23,228 | €5,185 | -€18,043 | -77.7% |
| Financial debts | 170/4 | €23,228 | €5,185 | -€18,043 | -77.7% |
| Amounts payable within one year | 42/48 | €55,610 | €64,823 | +€9,212 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €17,530 | €18,043 | +€513 | +2.9% |
| Trade debts | 44 | €2,467 | - | -€2,467 | |
| Suppliers | 440/4 | €2,467 | - | -€2,467 | |
| Taxes, remuneration and social security | 45 | €8,799 | €7,322 | -€1,477 | -16.8% |
| Taxes | 450/3 | €8,799 | €7,322 | -€1,477 | -16.8% |
| Other amounts payable | 47/48 | €26,814 | €39,458 | +€12,644 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,694 | €19,594 | -€1,100 | -5.3% |
| Other operating charges | 640/8 | €1,858 | €1,451 | -€407 | -21.9% |
| Gross operating margin | 9900 | €12,388 | €21,605 | +€9,217 | +74.4% |
| Operating profit (loss) | 9901 | -€10,164 | €560 | +€10,724 | |
| Financial income | 75/76B | €50 | €90 | +€40 | +81.1% |
| Recurring financial income | 75 | €50 | €90 | +€40 | +81.1% |
| Financial charges | 65/66B | €1,597 | €1,059 | -€539 | -33.7% |
| Recurring financial charges | 65 | €1,597 | €1,059 | -€539 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,711 | -€409 | +€11,303 | +96.5% |
| Income taxes | 67/77 | €134 | €131 | -€3 | -2.6% |
| Profit (loss) for the period | 9904 | -€11,846 | -€540 | +€11,306 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,846 | -€540 | +€11,306 | +95.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.