ALIVNEST: 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.
ALIVNEST
Largest movements
- Tangible fixed assets +€528,662
up €528,662 (+7.3%), from €7.2m to €7.7m
of which Land and buildings: +€443,008
- Receivables within one year +€109,984
up €109,984 (+201%), from €54,819 to €164,802
of which Other amounts receivable: +€132,981
- Contributions +€400,000
up €400,000 (+13,333%), from €3,000 to €403,000
- Debts after one year +€378,207
up €378,207 (+4.9%), from €7.7m to €8.1m
of which Financial debts: +€330,222
- Profit (loss) carried forward -€250,795
down €250,795 (-32.3%), from -€775,827 to -€1.0m
- Other debts +€132,286
up €132,286 (+3,241%), from €4,082 to €136,368
- Trade debts -€85,167
down €85,167 (-48.6%), from €175,350 to €90,183
- Depreciation +€47,581
up €47,581 (+11.3%), from €422,118 to €469,699
- Financial charges -€27,301
down €27,301 (-9.5%), from €288,024 to €260,723
- Gross operating margin -€27,248
down €27,248 (-5.1%), from €535,746 to €508,497
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 | €7,341,544 | €8,053,283 | +€711,739 | +9.7% |
| Fixed assets | 21/28 | €7,213,609 | €7,742,272 | +€528,662 | +7.3% |
| Tangible fixed assets | 22/27 | €7,200,609 | €7,729,272 | +€528,662 | +7.3% |
| Land and buildings | 22 | €5,747,781 | €6,190,789 | +€443,008 | +7.7% |
| Plant, machinery and equipment | 23 | €1,290,328 | €1,387,839 | +€97,511 | +7.6% |
| Furniture and vehicles | 24 | €123,524 | €115,761 | -€7,762 | -6.3% |
| Other tangible fixed assets | 26 | €38,977 | €34,883 | -€4,094 | -10.5% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €127,935 | €311,011 | +€183,076 | +143% |
| Amounts receivable within one year | 40/41 | €54,819 | €164,802 | +€109,984 | +201% |
| Trade receivables | 40 | €36,298 | €13,301 | -€22,997 | -63.4% |
| Other amounts receivable | 41 | €18,521 | €151,501 | +€132,981 | +718% |
| Cash at bank and in hand | 54/58 | €71,148 | €144,944 | +€73,795 | +104% |
| Deferred charges and accrued income | 490/1 | €1,967 | €1,265 | -€703 | -35.7% |
| Total equity and liabilities | 10/49 | €7,341,544 | €8,053,283 | +€711,739 | +9.7% |
| Equity | 10/15 | -€772,827 | -€623,622 | +€149,205 | +19.3% |
| Contributions | 10/11 | €3,000 | €403,000 | +€400,000 | +13,333% |
| Profit (loss) carried forward | 14 | -€775,827 | -€1,026,622 | -€250,795 | -32.3% |
| Amounts payable | 17/49 | €8,114,371 | €8,676,905 | +€562,534 | +6.9% |
| Amounts payable after more than one year | 17 | €7,744,464 | €8,122,671 | +€378,207 | +4.9% |
| Financial debts | 170/4 | €7,643,224 | €7,973,446 | +€330,222 | +4.3% |
| Other amounts payable | 178/9 | €101,240 | €149,225 | +€47,985 | +47.4% |
| Amounts payable within one year | 42/48 | €359,423 | €470,742 | +€111,319 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €160,226 | €238,213 | +€77,986 | +48.7% |
| Trade debts | 44 | €175,350 | €90,183 | -€85,167 | -48.6% |
| Suppliers | 440/4 | €175,350 | €90,183 | -€85,167 | -48.6% |
| Taxes, remuneration and social security | 45 | €19,765 | €5,978 | -€13,787 | -69.8% |
| Taxes | 450/3 | €19,765 | €5,978 | -€13,787 | -69.8% |
| Other amounts payable | 47/48 | €4,082 | €136,368 | +€132,286 | +3,241% |
| Accrued charges and deferred income | 492/3 | €10,485 | €83,493 | +€73,008 | +696% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422,118 | €469,699 | +€47,581 | +11.3% |
| Other operating charges | 640/8 | €31,921 | €28,951 | -€2,971 | -9.3% |
| Gross operating margin | 9900 | €535,746 | €508,497 | -€27,248 | -5.1% |
| Operating profit (loss) | 9901 | €81,706 | €9,848 | -€71,858 | -87.9% |
| Financial income | 75/76B | €0 | €80 | +€80 | +20,408% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +20,408% |
| Financial charges | 65/66B | €288,024 | €260,723 | -€27,301 | -9.5% |
| Recurring financial charges | 65 | €288,024 | €260,723 | -€27,301 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€206,318 | -€250,795 | -€44,478 | -21.6% |
| Profit (loss) for the period | 9904 | -€206,318 | -€250,795 | -€44,478 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€206,318 | -€250,795 | -€44,478 | -21.6% |
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 19 October 2026 via checked.be.