AVOLEDO: 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.
AVOLEDO
Largest movements
- Tangible fixed assets -€9,059
down €9,059 (-3.3%), from €272,107 to €263,049
- Profit (loss) carried forward -€8,404
down €8,404 (-6.8%), from -€123,513 to -€131,917
- Other debts +€5,108
up €5,108 (+21.1%), from €24,189 to €29,297
- Reserves -€3,720
down €3,720 (-4.7%), from €78,536 to €74,816
of which Tax-exempt reserves: -€3,720
- Gross operating margin -€1,559
down €1,559 (-120.0%), from -€1,299 to -€2,858
- Other operating charges +€231
up €231 (+12.7%), from €1,816 to €2,047
- Financial charges -€96
down €96 (-55.5%), from €172 to €77
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 | €272,728 | €263,252 | -€9,475 | -3.5% |
| Fixed assets | 21/28 | €272,107 | €263,049 | -€9,059 | -3.3% |
| Tangible fixed assets | 22/27 | €272,107 | €263,049 | -€9,059 | -3.3% |
| Land and buildings | 22 | €272,107 | €263,049 | -€9,059 | -3.3% |
| Current assets | 29/58 | €620 | €204 | -€417 | -67.2% |
| Cash at bank and in hand | 54/58 | €620 | €204 | -€417 | -67.2% |
| Total equity and liabilities | 10/49 | €272,728 | €263,252 | -€9,475 | -3.5% |
| Equity | 10/15 | -€13,990 | -€26,114 | -€12,124 | -86.7% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €78,536 | €74,816 | -€3,720 | -4.7% |
| Non-distributable reserves | 130/1 | €1,477 | €1,477 | = | 0.0% |
| Legal reserve | 130 | €1,477 | €1,477 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,059 | €73,339 | -€3,720 | -4.8% |
| Profit (loss) carried forward | 14 | -€123,513 | -€131,917 | -€8,404 | -6.8% |
| Provisions and deferred taxes | 16 | €39,680 | €37,764 | -€1,916 | -4.8% |
| Deferred taxes | 168 | €39,680 | €37,764 | -€1,916 | -4.8% |
| Amounts payable | 17/49 | €247,038 | €251,603 | +€4,564 | +1.8% |
| Amounts payable after more than one year | 17 | €220,000 | €220,000 | = | 0.0% |
| Other amounts payable | 178/9 | €220,000 | €220,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,038 | €31,603 | +€4,564 | +16.9% |
| Trade debts | 44 | €2,850 | €2,306 | -€544 | -19.1% |
| Suppliers | 440/4 | €2,850 | €2,306 | -€544 | -19.1% |
| Other amounts payable | 47/48 | €24,189 | €29,297 | +€5,108 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,059 | €9,059 | = | 0.0% |
| Other operating charges | 640/8 | €1,816 | €2,047 | +€231 | +12.7% |
| Gross operating margin | 9900 | -€1,299 | -€2,858 | -€1,559 | -120.0% |
| Operating profit (loss) | 9901 | -€12,174 | -€13,963 | -€1,789 | -14.7% |
| Financial charges | 65/66B | €172 | €77 | -€96 | -55.5% |
| Recurring financial charges | 65 | €172 | €77 | -€96 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,346 | -€14,040 | -€1,694 | -13.7% |
| Transfer from deferred taxes | 780 | €1,916 | €1,916 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€10,430 | -€12,124 | -€1,694 | -16.2% |
| Transfer from tax-exempt reserves | 789 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,710 | -€8,404 | -€1,694 | -25.2% |
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 7 October 2026 via checked.be.