ALAVI: 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.
ALAVI
Largest movements
- Cash -€9,201
down €9,201 (-75.1%), from €12,244 to €3,043
mainly Investment in fixed assets (net) (-€14,150) and Trade debts (-€8,131)
- Intangible fixed assets -€7,588
down €7,588 (-29.9%), from €25,369 to €17,780
- Receivables within one year +€6,058
up €6,058 (+7.9%), from €76,926 to €82,984
of which Trade receivables: +€3,797
- Trade debts -€8,131
down €8,131 (-8.3%), from €97,692 to €89,560
- Tax, wage and social debts -€7,343
down €7,343 (-25.6%), from €28,643 to €21,301
of which Remuneration and social security: -€10,119
- Profit (loss) carried forward +€5,014
up €5,014 (+0.9%), from -€557,278 to -€552,264
- Other debts +€4,883
up €4,883 (+12.4%), from €39,343 to €44,226
- Staff costs -€31,616
down €31,616 (-22.8%), from €138,886 to €107,270
- Gross operating margin -€2,691
down €2,691 (-2.0%), from €134,438 to €131,747
- Depreciation +€1,821
up €1,821 (+11.0%), from €16,489 to €18,310
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 | €402,035 | €396,458 | -€5,576 | -1.4% |
| Fixed assets | 21/28 | €49,223 | €45,063 | -€4,160 | -8.5% |
| Intangible fixed assets | 21 | €25,369 | €17,780 | -€7,588 | -29.9% |
| Tangible fixed assets | 22/27 | €23,855 | €27,283 | +€3,428 | +14.4% |
| Plant, machinery and equipment | 23 | €18,134 | €22,514 | +€4,380 | +24.2% |
| Furniture and vehicles | 24 | €5,720 | €4,769 | -€951 | -16.6% |
| Current assets | 29/58 | €352,812 | €351,395 | -€1,416 | -0.4% |
| Stocks and contracts in progress | 3 | €261,474 | €265,368 | +€3,894 | +1.5% |
| Stocks | 30/36 | €261,474 | €265,368 | +€3,894 | +1.5% |
| Amounts receivable within one year | 40/41 | €76,926 | €82,984 | +€6,058 | +7.9% |
| Trade receivables | 40 | €71,927 | €75,724 | +€3,797 | +5.3% |
| Other amounts receivable | 41 | €5,000 | €7,261 | +€2,261 | +45.2% |
| Cash at bank and in hand | 54/58 | €12,244 | €3,043 | -€9,201 | -75.1% |
| Deferred charges and accrued income | 490/1 | €2,167 | €0 | -€2,167 | -100.0% |
| Total equity and liabilities | 10/49 | €402,035 | €396,458 | -€5,576 | -1.4% |
| Equity | 10/15 | -€7,278 | -€2,264 | +€5,014 | +68.9% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€557,278 | -€552,264 | +€5,014 | +0.9% |
| Amounts payable | 17/49 | €409,313 | €398,722 | -€10,591 | -2.6% |
| Amounts payable after more than one year | 17 | €243,635 | €243,635 | = | 0.0% |
| Financial debts | 170/4 | €243,635 | €243,635 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,678 | €155,087 | -€10,591 | -6.4% |
| Trade debts | 44 | €97,692 | €89,560 | -€8,131 | -8.3% |
| Suppliers | 440/4 | €97,692 | €89,560 | -€8,131 | -8.3% |
| Taxes, remuneration and social security | 45 | €28,643 | €21,301 | -€7,343 | -25.6% |
| Taxes | 450/3 | €10 | €2,786 | +€2,776 | +27763.2% |
| Remuneration and social security | 454/9 | €28,633 | €18,514 | -€10,119 | -35.3% |
| Other amounts payable | 47/48 | €39,343 | €44,226 | +€4,883 | +12.4% |
| Remuneration, social security and pensions | 62 | €138,886 | €107,270 | -€31,616 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,489 | €18,310 | +€1,821 | +11.0% |
| Other operating charges | 640/8 | €1,198 | €1,341 | +€143 | +12.0% |
| Gross operating margin | 9900 | €134,438 | €131,747 | -€2,691 | -2.0% |
| Operating profit (loss) | 9901 | -€22,134 | €4,826 | +€26,961 | |
| Financial income | 75/76B | €1,730 | €426 | -€1,305 | -75.4% |
| Recurring financial income | 75 | €1,730 | €426 | -€1,305 | -75.4% |
| Financial charges | 65/66B | -€171 | €70 | +€241 | |
| Recurring financial charges | 65 | -€171 | €70 | +€241 | |
| Profit (loss) for the period before taxes | 9903 | -€20,233 | €5,182 | +€25,415 | |
| Income taxes | 67/77 | €160 | €168 | +€8 | +4.9% |
| Profit (loss) for the period | 9904 | -€20,393 | €5,014 | +€25,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,393 | €5,014 | +€25,407 |
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 5 October 2026 via checked.be.