AVOBEL: 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.
AVOBEL
Largest movements
- Cash +€107,563
up €107,563 (+607.3%), from €17,712 to €125,275
mainly Other debts (+€75,652) and Tax, wage and social debts (+€37,381)
- Tangible fixed assets +€40,153
up €40,153 (+101.2%), from €39,693 to €79,846
- Receivables within one year +€7,718
up €7,718 (+4.7%), from €163,074 to €170,792
of which Other amounts receivable: +€16,559
- Other debts +€75,652
new in 2025: €75,652
- Tax, wage and social debts +€37,381
up €37,381 (+75.8%), from €49,291 to €86,672
of which Remuneration and social security: +€20,977
- Debts after one year +€23,135
up €23,135 (+126.3%), from €18,311 to €41,446
- Reserves +€13,115
up €13,115 (+12.6%), from €104,200 to €117,315
of which Distributable reserves: +€13,115
- Current portion of long-term debt +€5,947
up €5,947 (+32.2%), from €18,478 to €24,425
- Staff costs +€57,658
up €57,658 (+40.0%), from €144,027 to €201,685
- Gross operating margin +€36,502
up €36,502 (+16.8%), from €217,876 to €254,378
- Other operating charges -€5,264
down €5,264 (-52.1%), from €10,113 to €4,849
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 | €224,464 | €378,372 | +€153,908 | +68.6% |
| Fixed assets | 21/28 | €43,074 | €82,305 | +€39,231 | +91.1% |
| Intangible fixed assets | 21 | €3,381 | €2,459 | -€922 | -27.3% |
| Tangible fixed assets | 22/27 | €39,693 | €79,846 | +€40,153 | +101.2% |
| Furniture and vehicles | 24 | €39,693 | €79,846 | +€40,153 | +101.2% |
| Current assets | 29/58 | €181,390 | €296,067 | +€114,677 | +63.2% |
| Amounts receivable within one year | 40/41 | €163,074 | €170,792 | +€7,718 | +4.7% |
| Trade receivables | 40 | €146,404 | €137,563 | -€8,841 | -6.0% |
| Other amounts receivable | 41 | €16,670 | €33,229 | +€16,559 | +99.3% |
| Cash at bank and in hand | 54/58 | €17,712 | €125,275 | +€107,563 | +607.3% |
| Deferred charges and accrued income | 490/1 | €604 | - | -€604 | |
| Total equity and liabilities | 10/49 | €224,464 | €378,372 | +€153,908 | +68.6% |
| Equity | 10/15 | €134,661 | €147,776 | +€13,115 | +9.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €104,200 | €117,315 | +€13,115 | +12.6% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €104,000 | €117,115 | +€13,115 | +12.6% |
| Profit (loss) carried forward | 14 | €28,461 | €28,461 | = | 0.0% |
| Amounts payable | 17/49 | €89,803 | €230,596 | +€140,793 | +156.8% |
| Amounts payable after more than one year | 17 | €18,311 | €41,446 | +€23,135 | +126.3% |
| Financial debts | 170/4 | €18,311 | €41,446 | +€23,135 | +126.3% |
| Amounts payable within one year | 42/48 | €71,492 | €189,150 | +€117,658 | +164.6% |
| Current portion of amounts payable after more than one year | 42 | €18,478 | €24,425 | +€5,947 | +32.2% |
| Trade debts | 44 | €3,723 | €2,401 | -€1,322 | -35.5% |
| Suppliers | 440/4 | €3,723 | €2,401 | -€1,322 | -35.5% |
| Taxes, remuneration and social security | 45 | €49,291 | €86,672 | +€37,381 | +75.8% |
| Taxes | 450/3 | €24,759 | €41,163 | +€16,404 | +66.3% |
| Remuneration and social security | 454/9 | €24,532 | €45,509 | +€20,977 | +85.5% |
| Other amounts payable | 47/48 | - | €75,652 | +€75,652 | |
| Remuneration, social security and pensions | 62 | €144,027 | €201,685 | +€57,658 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,618 | €15,769 | +€151 | +1.0% |
| Other operating charges | 640/8 | €10,113 | €4,849 | -€5,264 | -52.1% |
| Gross operating margin | 9900 | €217,876 | €254,378 | +€36,502 | +16.8% |
| Operating profit (loss) | 9901 | €48,118 | €32,075 | -€16,043 | -33.3% |
| Financial income | 75/76B | €207 | €1,560 | +€1,353 | +653.6% |
| Recurring financial income | 75 | €207 | €1,560 | +€1,353 | +653.6% |
| Financial charges | 65/66B | €3,245 | €2,985 | -€260 | -8.0% |
| Recurring financial charges | 65 | €3,245 | €2,985 | -€260 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €45,080 | €30,650 | -€14,430 | -32.0% |
| Income taxes | 67/77 | €15,959 | €17,535 | +€1,576 | +9.9% |
| Profit (loss) for the period | 9904 | €29,121 | €13,115 | -€16,006 | -55.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,121 | €13,115 | -€16,006 | -55.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.