ALEVEI: 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.
ALEVEI
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+53.6%), from €3.7m to €5.7m
- Current investments +€418,594
up €418,594 (+28.5%), from €1.5m to €1.9m
- Receivables within one year -€202,757
down €202,757 (-50.0%), from €405,306 to €202,549
of which Other amounts receivable: -€198,167
- Cash +€87,137
up €87,137 (+85.7%), from €101,661 to €188,799
mainly Other debts (+€5.2m) and Net result for the year (+€1.1m)
- Other debts +€5.2m
up €5.2m (+2,854%), from €183,780 to €5.4m
- Contributions -€2.4m
down €2.4m (-96.3%), from €2.4m to €90,000
- Debts after one year -€407,688
down €407,688 (-31.0%), from €1.3m to €905,957
of which Financial debts: -€407,688
- Reserves -€250,000
down €250,000 (-15.9%), from €1.6m to €1.3m
of which Distributable reserves: -€250,000
- Financial income +€838,332
up €838,332 (+286%), from €293,539 to €1.1m
- Gross operating margin -€22,344
down €22,344 (-24.3%), from €91,993 to €69,648
- Taxes -€22,286
down €22,286 (-43.9%), from €50,743 to €28,457
- Financial charges +€9,371
up €9,371 (+77.7%), from €12,064 to €21,435
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 | €5,728,081 | €8,026,531 | +€2.3m | +40.1% |
| Fixed assets | 21/28 | €3,752,558 | €5,748,651 | +€2.0m | +53.2% |
| Tangible fixed assets | 22/27 | €22,558 | €18,651 | -€3,907 | -17.3% |
| Plant, machinery and equipment | 23 | €1,002 | - | -€1,002 | |
| Furniture and vehicles | 24 | €20,616 | €18,651 | -€1,965 | -9.5% |
| Other tangible fixed assets | 26 | €940 | - | -€940 | |
| Financial fixed assets | 28 | €3,730,000 | €5,730,000 | +€2.0m | +53.6% |
| Current assets | 29/58 | €1,975,523 | €2,277,881 | +€302,357 | +15.3% |
| Amounts receivable within one year | 40/41 | €405,306 | €202,549 | -€202,757 | -50.0% |
| Trade receivables | 40 | €4,590 | - | -€4,590 | |
| Other amounts receivable | 41 | €400,716 | €202,549 | -€198,167 | -49.5% |
| Current investments | 50/53 | €1,467,939 | €1,886,533 | +€418,594 | +28.5% |
| Cash at bank and in hand | 54/58 | €101,661 | €188,799 | +€87,137 | +85.7% |
| Deferred charges and accrued income | 490/1 | €617 | - | -€617 | |
| Total equity and liabilities | 10/49 | €5,728,081 | €8,026,531 | +€2.3m | +40.1% |
| Equity | 10/15 | €4,104,938 | €1,562,444 | -€2.5m | -61.9% |
| Contributions | 10/11 | €2,440,000 | €90,000 | -€2.4m | -96.3% |
| Capital | 10 | €2,440,000 | €90,000 | -€2.4m | -96.3% |
| Issued capital | 100 | €2,440,000 | €90,000 | -€2.4m | -96.3% |
| Revaluation surpluses | 12 | €14,015 | €14,015 | = | 0.0% |
| Reserves | 13 | €1,570,000 | €1,320,000 | -€250,000 | -15.9% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,550,000 | €1,300,000 | -€250,000 | -16.1% |
| Profit (loss) carried forward | 14 | €80,923 | €138,429 | +€57,506 | +71.1% |
| Amounts payable | 17/49 | €1,623,143 | €6,464,087 | +€4.8m | +298% |
| Amounts payable after more than one year | 17 | €1,313,645 | €905,957 | -€407,688 | -31.0% |
| Financial debts | 170/4 | €643,645 | €235,957 | -€407,688 | -63.3% |
| Other amounts payable | 178/9 | €670,000 | €670,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €309,498 | €5,558,130 | +€5.2m | +1,696% |
| Current portion of amounts payable after more than one year | 42 | €74,626 | €75,245 | +€619 | +0.8% |
| Trade debts | 44 | €1,500 | - | -€1,500 | |
| Suppliers | 440/4 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | €49,592 | €54,218 | +€4,627 | +9.3% |
| Taxes | 450/3 | €49,592 | €54,218 | +€4,627 | +9.3% |
| Other amounts payable | 47/48 | €183,780 | €5,428,667 | +€5.2m | +2,854% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,025 | €13,626 | +€601 | +4.6% |
| Other operating charges | 640/8 | €580 | €495 | -€85 | -14.6% |
| Gross operating margin | 9900 | €91,993 | €69,648 | -€22,344 | -24.3% |
| Operating profit (loss) | 9901 | €78,388 | €55,527 | -€22,861 | -29.2% |
| Financial income | 75/76B | €293,539 | €1,131,871 | +€838,332 | +286% |
| Recurring financial income | 75 | €293,539 | €1,131,871 | +€838,332 | +286% |
| Financial charges | 65/66B | €12,064 | €21,435 | +€9,371 | +77.7% |
| Recurring financial charges | 65 | €12,064 | €21,435 | +€9,371 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €359,863 | €1,165,963 | +€806,100 | +224% |
| Income taxes | 67/77 | €50,743 | €28,457 | -€22,286 | -43.9% |
| Profit (loss) for the period | 9904 | €309,120 | €1,137,506 | +€828,386 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €309,120 | €1,137,506 | +€828,386 | +268% |
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.