AVLN: 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.
AVLN
Largest movements
- Cash +€642,174
up €642,174 (+24.5%), from €2.6m to €3.3m
mainly Net result for the year (+€1.3m) and Depreciation (+€262,888)
- Receivables within one year +€432,476
up €432,476 (+39.5%), from €1.1m to €1.5m
of which Trade receivables: +€505,178
- Tangible fixed assets +€262,462
up €262,462 (+14.6%), from €1.8m to €2.1m
of which Land and buildings: +€369,208
- Reserves +€1.3m
up €1.3m (+35.9%), from €3.5m to €4.7m
- Gross operating margin +€1.3m
up €1.3m (+122.5%), from €1.1m to €2.4m
- Taxes +€356,641
up €356,641 (+171.6%), from €207,890 to €564,531
- Depreciation +€100,393
up €100,393 (+61.8%), from €162,495 to €262,888
- Staff costs +€58,277
up €58,277 (+26.8%), from €217,221 to €275,498
- Financial income +€32,245
up €32,245 (+75.3%), from €42,795 to €75,040
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 | €5,846,154 | €7,146,910 | +€1.3m | +22.2% |
| Fixed assets | 21/28 | €2,098,622 | €2,332,158 | +€233,536 | +11.1% |
| Intangible fixed assets | 21 | €5,852 | €4,615 | -€1,237 | -21.1% |
| Tangible fixed assets | 22/27 | €1,800,141 | €2,062,603 | +€262,462 | +14.6% |
| Land and buildings | 22 | €1,134,873 | €1,504,081 | +€369,208 | +32.5% |
| Plant, machinery and equipment | 23 | €565,643 | €516,852 | -€48,791 | -8.6% |
| Furniture and vehicles | 24 | €99,625 | €41,670 | -€57,955 | -58.2% |
| Financial fixed assets | 28 | €292,629 | €264,940 | -€27,689 | -9.5% |
| Current assets | 29/58 | €3,747,532 | €4,814,752 | +€1.1m | +28.5% |
| Amounts receivable within one year | 40/41 | €1,096,117 | €1,528,593 | +€432,476 | +39.5% |
| Trade receivables | 40 | €988,587 | €1,493,765 | +€505,178 | +51.1% |
| Other amounts receivable | 41 | €107,530 | €34,828 | -€72,702 | -67.6% |
| Cash at bank and in hand | 54/58 | €2,624,356 | €3,266,530 | +€642,174 | +24.5% |
| Deferred charges and accrued income | 490/1 | €27,059 | €19,629 | -€7,430 | -27.5% |
| Total equity and liabilities | 10/49 | €5,846,154 | €7,146,910 | +€1.3m | +22.2% |
| Equity | 10/15 | €5,355,829 | €6,656,694 | +€1.3m | +24.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €3,485,400 | €4,735,400 | +€1.3m | +35.9% |
| Tax-exempt reserves | 132 | €3,485,400 | €4,735,400 | +€1.3m | +35.9% |
| Profit (loss) carried forward | 14 | €1,724,158 | €1,740,987 | +€16,829 | +1.0% |
| Investment grants | 15 | €132,011 | €166,047 | +€34,036 | +25.8% |
| Amounts payable | 17/49 | €490,325 | €490,216 | -€109 | 0.0% |
| Amounts payable after more than one year | 17 | €121,599 | €116,415 | -€5,184 | -4.3% |
| Financial debts | 170/4 | €121,599 | €116,415 | -€5,184 | -4.3% |
| Amounts payable within one year | 42/48 | €300,182 | €373,801 | +€73,619 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €4,924 | €5,184 | +€260 | +5.3% |
| Trade debts | 44 | €225,892 | €240,829 | +€14,937 | +6.6% |
| Suppliers | 440/4 | €225,892 | €240,829 | +€14,937 | +6.6% |
| Taxes, remuneration and social security | 45 | €54,666 | €110,582 | +€55,916 | +102.3% |
| Taxes | 450/3 | €17,645 | €69,484 | +€51,839 | +293.8% |
| Remuneration and social security | 454/9 | €37,021 | €41,098 | +€4,077 | +11.0% |
| Other amounts payable | 47/48 | €14,700 | €17,206 | +€2,506 | +17.0% |
| Accrued charges and deferred income | 492/3 | €68,544 | - | -€68,544 | |
| Remuneration, social security and pensions | 62 | €217,221 | €275,498 | +€58,277 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,495 | €262,888 | +€100,393 | +61.8% |
| Other operating charges | 640/8 | €27,718 | €17,242 | -€10,476 | -37.8% |
| Non-recurring operating charges | 66A | - | €37,369 | +€37,369 | |
| Gross operating margin | 9900 | €1,060,005 | €2,358,428 | +€1.3m | +122.5% |
| Operating profit (loss) | 9901 | €652,571 | €1,765,431 | +€1.1m | +170.5% |
| Financial income | 75/76B | €42,795 | €75,040 | +€32,245 | +75.3% |
| Recurring financial income | 75 | €42,795 | €75,040 | +€32,245 | +75.3% |
| Financial charges | 65/66B | €7,906 | €9,111 | +€1,205 | +15.2% |
| Recurring financial charges | 65 | €7,391 | €9,111 | +€1,720 | +23.3% |
| Non-recurring financial charges | 66B | €515 | - | -€515 | |
| Profit (loss) for the period before taxes | 9903 | €687,460 | €1,831,360 | +€1.1m | +166.4% |
| Income taxes | 67/77 | €207,890 | €564,531 | +€356,641 | +171.6% |
| Profit (loss) for the period | 9904 | €479,570 | €1,266,829 | +€787,259 | +164.2% |
| Profit (loss) for the period to be appropriated | 9905 | €479,570 | €1,266,829 | +€787,259 | +164.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.