ALIVIO: 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.
ALIVIO
Largest movements
- Cash -€78,485
down €78,485 (-56.9%), from €137,857 to €59,372
mainly Receivables within one year (-€72,673) and Current investments (-€25,000)
- Receivables within one year +€72,673
up €72,673 (+302%), from €24,042 to €96,715
of which Other amounts receivable: +€62,886
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€21,668
down €21,668 (-10.6%), from €204,886 to €183,217
of which Furniture and vehicles: -€13,484
- Debts after one year -€14,374
down €14,374 (-56.3%), from €25,542 to €11,168
- Reserves +€12,766
up €12,766 (+7.3%), from €173,885 to €186,651
of which Distributable reserves: +€12,766
- Trade debts -€3,826
down €3,826 (-43.0%), from €8,904 to €5,078
- Gross operating margin -€7,154
down €7,154 (-14.1%), from €50,574 to €43,419
- Financial income +€3,278
up €3,278 (+704%), from €466 to €3,743
- Taxes -€1,307
down €1,307 (-17.4%), from €7,499 to €6,192
- Depreciation +€1,068
up €1,068 (+4.9%), from €21,947 to €23,015
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 | €368,680 | €365,395 | -€3,286 | -0.9% |
| Fixed assets | 21/28 | €204,886 | €183,217 | -€21,668 | -10.6% |
| Tangible fixed assets | 22/27 | €204,886 | €183,217 | -€21,668 | -10.6% |
| Land and buildings | 22 | €88,117 | €80,733 | -€7,384 | -8.4% |
| Plant, machinery and equipment | 23 | €2,229 | €1,626 | -€603 | -27.1% |
| Furniture and vehicles | 24 | €51,075 | €37,591 | -€13,484 | -26.4% |
| Other tangible fixed assets | 26 | €63,465 | €63,267 | -€197 | -0.3% |
| Current assets | 29/58 | €163,795 | €182,177 | +€18,383 | +11.2% |
| Amounts receivable within one year | 40/41 | €24,042 | €96,715 | +€72,673 | +302% |
| Trade receivables | 40 | €17,402 | €27,189 | +€9,787 | +56.2% |
| Other amounts receivable | 41 | €6,640 | €69,527 | +€62,886 | +947% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €137,857 | €59,372 | -€78,485 | -56.9% |
| Deferred charges and accrued income | 490/1 | €1,896 | €1,090 | -€806 | -42.5% |
| Total equity and liabilities | 10/49 | €368,680 | €365,395 | -€3,286 | -0.9% |
| Equity | 10/15 | €297,885 | €310,651 | +€12,766 | +4.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €173,885 | €186,651 | +€12,766 | +7.3% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €161,485 | €174,251 | +€12,766 | +7.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,796 | €54,744 | -€16,052 | -22.7% |
| Amounts payable after more than one year | 17 | €25,542 | €11,168 | -€14,374 | -56.3% |
| Financial debts | 170/4 | €25,542 | €11,168 | -€14,374 | -56.3% |
| Amounts payable within one year | 42/48 | €44,223 | €42,593 | -€1,630 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €13,805 | €14,374 | +€570 | +4.1% |
| Trade debts | 44 | €8,904 | €5,078 | -€3,826 | -43.0% |
| Suppliers | 440/4 | €8,904 | €5,078 | -€3,826 | -43.0% |
| Taxes, remuneration and social security | 45 | €7,281 | €7,376 | +€95 | +1.3% |
| Taxes | 450/3 | €5,480 | €5,379 | -€101 | -1.9% |
| Remuneration and social security | 454/9 | €1,800 | €1,997 | +€197 | +10.9% |
| Other amounts payable | 47/48 | €14,233 | €15,765 | +€1,532 | +10.8% |
| Accrued charges and deferred income | 492/3 | €1,030 | €982 | -€48 | -4.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,947 | €23,015 | +€1,068 | +4.9% |
| Other operating charges | 640/8 | €1,127 | €1,219 | +€92 | +8.1% |
| Gross operating margin | 9900 | €50,574 | €43,419 | -€7,154 | -14.1% |
| Operating profit (loss) | 9901 | €27,500 | €19,185 | -€8,314 | -30.2% |
| Financial income | 75/76B | €466 | €3,743 | +€3,278 | +704% |
| Recurring financial income | 75 | €466 | €3,743 | +€3,278 | +704% |
| Financial charges | 65/66B | €3,140 | €3,137 | -€3 | -0.1% |
| Recurring financial charges | 65 | €3,140 | €3,137 | -€3 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €24,825 | €19,792 | -€5,034 | -20.3% |
| Income taxes | 67/77 | €7,499 | €6,192 | -€1,307 | -17.4% |
| Profit (loss) for the period | 9904 | €17,326 | €13,599 | -€3,727 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,326 | €13,599 | -€3,727 | -21.5% |
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 21 October 2026 via checked.be.