AVILORE: 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.
AVILORE
Largest movements
- Receivables within one year +€62,433
up €62,433 (+305%), from €20,447 to €82,880
- Tangible fixed assets -€51,505
down €51,505 (-5.3%), from €977,735 to €926,231
of which Plant, machinery and equipment: -€38,012
- Financial fixed assets +€50,000
up €50,000 (+14.2%), from €352,212 to €402,212
- Debts after one year +€106,494
up €106,494 (+8.8%), from €1.2m to €1.3m
of which Other amounts payable: +€160,000
- Other debts -€59,570
down €59,570 (-72.5%), from €82,213 to €22,643
- Short-term financial debts -€26,291
no longer reported in 2025 (was €26,291)
- Tax, wage and social debts +€20,841
up €20,841 (+35.3%), from €59,123 to €79,964
of which Remuneration and social security: +€16,610
- Gross operating margin +€95,455
up €95,455 (+34.7%), from €274,799 to €370,253
- Depreciation +€30,115
up €30,115 (+24.0%), from €125,486 to €155,601
- Staff costs -€13,460
down €13,460 (-7.0%), from €191,979 to €178,519
- Financial charges +€3,765
up €3,765 (+15.9%), from €23,638 to €27,404
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 | €1,432,095 | €1,473,196 | +€41,101 | +2.9% |
| Fixed assets | 21/28 | €1,329,947 | €1,328,442 | -€1,505 | -0.1% |
| Tangible fixed assets | 22/27 | €977,735 | €926,231 | -€51,505 | -5.3% |
| Land and buildings | 22 | €383,948 | €347,298 | -€36,650 | -9.5% |
| Plant, machinery and equipment | 23 | €181,994 | €143,981 | -€38,012 | -20.9% |
| Furniture and vehicles | 24 | €306,870 | €283,534 | -€23,336 | -7.6% |
| Leasing and similar rights | 25 | €104,924 | €151,418 | +€46,494 | +44.3% |
| Financial fixed assets | 28 | €352,212 | €402,212 | +€50,000 | +14.2% |
| Current assets | 29/58 | €102,148 | €144,754 | +€42,606 | +41.7% |
| Stocks and contracts in progress | 3 | €41,914 | €35,702 | -€6,212 | -14.8% |
| Stocks | 30/36 | €41,914 | €35,702 | -€6,212 | -14.8% |
| Amounts receivable within one year | 40/41 | €20,447 | €82,880 | +€62,433 | +305% |
| Trade receivables | 40 | €20,447 | €82,880 | +€62,433 | +305% |
| Cash at bank and in hand | 54/58 | €27,059 | €16,822 | -€10,237 | -37.8% |
| Deferred charges and accrued income | 490/1 | €12,729 | €9,350 | -€3,379 | -26.5% |
| Total equity and liabilities | 10/49 | €1,432,095 | €1,473,196 | +€41,101 | +2.9% |
| Equity | 10/15 | -€79,093 | -€82,630 | -€3,537 | -4.5% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €19,600 | €19,600 | = | 0.0% |
| Distributable reserves | 133 | €19,600 | €19,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,864 | -€170,401 | -€3,537 | -2.1% |
| Amounts payable | 17/49 | €1,511,188 | €1,555,826 | +€44,638 | +3.0% |
| Amounts payable after more than one year | 17 | €1,212,278 | €1,318,772 | +€106,494 | +8.8% |
| Financial debts | 170/4 | €422,278 | €368,772 | -€53,506 | -12.7% |
| Other amounts payable | 178/9 | €790,000 | €950,000 | +€160,000 | +20.3% |
| Amounts payable within one year | 42/48 | €291,307 | €228,251 | -€63,056 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €110,746 | €113,671 | +€2,926 | +2.6% |
| Financial debts | 43 | €26,291 | - | -€26,291 | |
| Credit institutions | 430/8 | €26,291 | - | -€26,291 | |
| Trade debts | 44 | €12,935 | €11,974 | -€962 | -7.4% |
| Suppliers | 440/4 | €12,935 | €11,974 | -€962 | -7.4% |
| Taxes, remuneration and social security | 45 | €59,123 | €79,964 | +€20,841 | +35.3% |
| Taxes | 450/3 | €20,874 | €25,105 | +€4,231 | +20.3% |
| Remuneration and social security | 454/9 | €38,248 | €54,858 | +€16,610 | +43.4% |
| Other amounts payable | 47/48 | €82,213 | €22,643 | -€59,570 | -72.5% |
| Accrued charges and deferred income | 492/3 | €7,603 | €8,803 | +€1,200 | +15.8% |
| Remuneration, social security and pensions | 62 | €191,979 | €178,519 | -€13,460 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,486 | €155,601 | +€30,115 | +24.0% |
| Other operating charges | 640/8 | €10,436 | €11,575 | +€1,139 | +10.9% |
| Gross operating margin | 9900 | €274,799 | €370,253 | +€95,455 | +34.7% |
| Operating profit (loss) | 9901 | -€53,102 | €24,559 | +€77,661 | |
| Financial income | 75/76B | €651 | €2 | -€649 | -99.7% |
| Recurring financial income | 75 | €651 | €2 | -€649 | -99.7% |
| Financial charges | 65/66B | €23,638 | €27,404 | +€3,765 | +15.9% |
| Recurring financial charges | 65 | €23,638 | €27,404 | +€3,765 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | -€76,089 | -€2,843 | +€73,246 | +96.3% |
| Income taxes | 67/77 | €702 | €694 | -€8 | -1.1% |
| Profit (loss) for the period | 9904 | -€76,791 | -€3,537 | +€73,254 | +95.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,791 | -€3,537 | +€73,254 | +95.4% |
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 15 October 2026 via checked.be.