Avolo: 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.
Avolo
Largest movements
- Current investments -€50,000
down €50,000 (-37.6%), from €133,000 to €83,000
- Cash +€34,815
up €34,815 (+30.8%), from €113,073 to €147,888
mainly Current investments (+€50,000) and Net result for the year (+€17,349)
- Receivables within one year +€22,633
up €22,633 (+312%), from €7,255 to €29,888
of which Trade receivables: +€19,227
- Receivables after one year -€7,435
down €7,435 (-46.6%), from €15,956 to €8,521
- Tangible fixed assets -€5,394
down €5,394 (-17.1%), from €31,514 to €26,120
- Other debts -€31,216
down €31,216 (-91.2%), from €34,235 to €3,019
- Reserves +€17,349
up €17,349 (+6.7%), from €258,342 to €275,691
- Tax, wage and social debts +€8,212
up €8,212 (+1,940%), from €423 to €8,635
of which Taxes: +€8,052
- Financial income +€3,482
up €3,482 (+328%), from €1,060 to €4,542
- Financial charges +€1,286
up €1,286 (+86.6%), from €1,484 to €2,771
- Taxes +€1,042
up €1,042 (+13.8%), from €7,558 to €8,600
- Depreciation +€1,009
up €1,009 (+14.3%), from €7,046 to €8,055
- Gross operating margin -€391
down €391 (-1.2%), from €33,225 to €32,834
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.
Derived cash bridge
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 | €303,037 | €297,345 | -€5,692 | -1.9% |
| Fixed assets | 21/28 | €31,864 | €26,470 | -€5,394 | -16.9% |
| Tangible fixed assets | 22/27 | €31,514 | €26,120 | -€5,394 | -17.1% |
| Plant, machinery and equipment | 23 | €3,294 | €1,980 | -€1,313 | -39.9% |
| Furniture and vehicles | 24 | €9,915 | €7,485 | -€2,431 | -24.5% |
| Other tangible fixed assets | 26 | €18,305 | €16,655 | -€1,650 | -9.0% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €271,173 | €270,875 | -€298 | -0.1% |
| Amounts receivable after more than one year | 29 | €15,956 | €8,521 | -€7,435 | -46.6% |
| Other amounts receivable | 291 | €15,956 | €8,521 | -€7,435 | -46.6% |
| Amounts receivable within one year | 40/41 | €7,255 | €29,888 | +€22,633 | +312% |
| Trade receivables | 40 | €634 | €19,860 | +€19,227 | +3,034% |
| Other amounts receivable | 41 | €6,621 | €10,027 | +€3,407 | +51.5% |
| Current investments | 50/53 | €133,000 | €83,000 | -€50,000 | -37.6% |
| Cash at bank and in hand | 54/58 | €113,073 | €147,888 | +€34,815 | +30.8% |
| Deferred charges and accrued income | 490/1 | €1,889 | €1,578 | -€311 | -16.4% |
| Total equity and liabilities | 10/49 | €303,037 | €297,345 | -€5,692 | -1.9% |
| Equity | 10/15 | €264,542 | €281,891 | +€17,349 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,342 | €275,691 | +€17,349 | +6.7% |
| Distributable reserves | 133 | €258,342 | €275,691 | +€17,349 | +6.7% |
| Amounts payable | 17/49 | €38,495 | €15,454 | -€23,041 | -59.9% |
| Amounts payable within one year | 42/48 | €35,429 | €13,341 | -€22,088 | -62.3% |
| Trade debts | 44 | €771 | €1,686 | +€915 | +119% |
| Suppliers | 440/4 | €771 | €1,686 | +€915 | +119% |
| Taxes, remuneration and social security | 45 | €423 | €8,635 | +€8,212 | +1,940% |
| Taxes | 450/3 | €423 | €8,475 | +€8,052 | +1,902% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €34,235 | €3,019 | -€31,216 | -91.2% |
| Accrued charges and deferred income | 492/3 | €3,066 | €2,113 | -€953 | -31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,046 | €8,055 | +€1,009 | +14.3% |
| Other operating charges | 640/8 | €539 | €556 | +€18 | +3.3% |
| Non-recurring operating charges | 66A | - | €45 | +€45 | |
| Gross operating margin | 9900 | €33,225 | €32,834 | -€391 | -1.2% |
| Operating profit (loss) | 9901 | €25,641 | €24,178 | -€1,463 | -5.7% |
| Financial income | 75/76B | €1,060 | €4,542 | +€3,482 | +328% |
| Recurring financial income | 75 | €1,060 | €4,542 | +€3,482 | +328% |
| Financial charges | 65/66B | €1,484 | €2,771 | +€1,286 | +86.6% |
| Recurring financial charges | 65 | €1,484 | €2,771 | +€1,286 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | €25,217 | €25,949 | +€733 | +2.9% |
| Income taxes | 67/77 | €7,558 | €8,600 | +€1,042 | +13.8% |
| Profit (loss) for the period | 9904 | €17,659 | €17,349 | -€309 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,659 | €17,349 | -€309 | -1.8% |
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 16 October 2026 via checked.be.