AVLOP: 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.
AVLOP
Largest movements
- Cash -€51,170
down €51,170 (-36.8%), from €139,067 to €87,897
mainly Contributions, distributions and other (-€112,610) and Other debts (-€36,752)
- Financial fixed assets +€16,000
up €16,000 (+60.6%), from €26,390 to €42,390
- Receivables within one year +€5,879
up €5,879 (+9.6%), from €61,382 to €67,262
of which Trade receivables: +€18,892
- Tangible fixed assets -€5,721
down €5,721 (-35.5%), from €16,095 to €10,374
of which Furniture and vehicles: -€5,504
- Stocks and contracts -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Other debts -€36,752
down €36,752 (-23.2%), from €158,747 to €121,995
- Trade debts -€19,260
down €19,260 (-63.5%), from €30,311 to €11,050
- Tax, wage and social debts +€16,001
up €16,001 (+28.9%), from €55,277 to €71,278
of which Taxes: +€25,723
- Gross operating margin -€61,900
down €61,900 (-14.9%), from €416,747 to €354,847
- Taxes -€13,068
down €13,068 (-24.2%), from €53,957 to €40,890
- Staff costs -€5,565
down €5,565 (-2.8%), from €200,148 to €194,583
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,934 | €222,923 | -€40,011 | -15.2% |
| Fixed assets | 21/28 | €42,485 | €52,764 | +€10,279 | +24.2% |
| Tangible fixed assets | 22/27 | €16,095 | €10,374 | -€5,721 | -35.5% |
| Plant, machinery and equipment | 23 | €217 | €0 | -€217 | -100.0% |
| Furniture and vehicles | 24 | €15,878 | €10,374 | -€5,504 | -34.7% |
| Financial fixed assets | 28 | €26,390 | €42,390 | +€16,000 | +60.6% |
| Current assets | 29/58 | €220,449 | €170,159 | -€50,290 | -22.8% |
| Stocks and contracts in progress | 3 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Contracts in progress | 37 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €61,382 | €67,262 | +€5,879 | +9.6% |
| Trade receivables | 40 | €48,016 | €66,907 | +€18,892 | +39.3% |
| Other amounts receivable | 41 | €13,367 | €354 | -€13,013 | -97.3% |
| Cash at bank and in hand | 54/58 | €139,067 | €87,897 | -€51,170 | -36.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €262,934 | €222,923 | -€40,011 | -15.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €244,334 | €204,323 | -€40,011 | -16.4% |
| Amounts payable within one year | 42/48 | €244,334 | €204,323 | -€40,011 | -16.4% |
| Trade debts | 44 | €30,311 | €11,050 | -€19,260 | -63.5% |
| Suppliers | 440/4 | €30,311 | €11,050 | -€19,260 | -63.5% |
| Taxes, remuneration and social security | 45 | €55,277 | €71,278 | +€16,001 | +28.9% |
| Taxes | 450/3 | €16,152 | €41,875 | +€25,723 | +159.3% |
| Remuneration and social security | 454/9 | €39,125 | €29,403 | -€9,722 | -24.8% |
| Other amounts payable | 47/48 | €158,747 | €121,995 | -€36,752 | -23.2% |
| Remuneration, social security and pensions | 62 | €200,148 | €194,583 | -€5,565 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,517 | €5,721 | -€796 | -12.2% |
| Other operating charges | 640/8 | €800 | €818 | +€18 | +2.2% |
| Gross operating margin | 9900 | €416,747 | €354,847 | -€61,900 | -14.9% |
| Operating profit (loss) | 9901 | €209,282 | €153,726 | -€55,557 | -26.5% |
| Financial income | 75/76B | €636 | €0 | -€636 | -100.0% |
| Recurring financial income | 75 | €636 | €0 | -€636 | -100.0% |
| Financial charges | 65/66B | €214 | €226 | +€12 | +5.7% |
| Recurring financial charges | 65 | €214 | €226 | +€12 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €209,705 | €153,500 | -€56,205 | -26.8% |
| Income taxes | 67/77 | €53,957 | €40,890 | -€13,068 | -24.2% |
| Profit (loss) for the period | 9904 | €155,747 | €112,610 | -€43,138 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €155,747 | €112,610 | -€43,138 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.