Alovar: 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.
Alovar
Largest movements
- Cash +€58,642
up €58,642 (+40.6%), from €144,608 to €203,250
mainly Other debts (+€186,471) and Net result for the year (+€48,446)
- Tangible fixed assets -€3,404
down €3,404 (-30.8%), from €11,046 to €7,642
- Other debts +€186,471
up €186,471 (+9678.6%), from €1,927 to €188,398
- Profit (loss) carried forward -€164,497
no longer reported in 2025 (was €164,497)
- Tax, wage and social debts +€30,460
up €30,460 (+351.3%), from €8,670 to €39,130
of which Taxes: +€27,303
- Gross operating margin +€10,122
up €10,122 (+18.2%), from €55,708 to €65,830
- Taxes +€2,221
up €2,221 (+20.1%), from €11,079 to €13,300
- Depreciation +€1,428
up €1,428 (+72.3%), from €1,976 to €3,404
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.
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 | €180,195 | €234,816 | +€54,621 | +30.3% |
| Fixed assets | 21/28 | €11,046 | €7,642 | -€3,404 | -30.8% |
| Tangible fixed assets | 22/27 | €11,046 | €7,642 | -€3,404 | -30.8% |
| Furniture and vehicles | 24 | €11,046 | €7,642 | -€3,404 | -30.8% |
| Current assets | 29/58 | €169,149 | €227,174 | +€58,025 | +34.3% |
| Amounts receivable within one year | 40/41 | €22,349 | €21,031 | -€1,318 | -5.9% |
| Trade receivables | 40 | €14,974 | €16,456 | +€1,482 | +9.9% |
| Other amounts receivable | 41 | €7,375 | €4,575 | -€2,800 | -38.0% |
| Current investments | 50/53 | €948 | €948 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €144,608 | €203,250 | +€58,642 | +40.6% |
| Deferred charges and accrued income | 490/1 | €1,244 | €1,945 | +€701 | +56.3% |
| Total equity and liabilities | 10/49 | €180,195 | €234,816 | +€54,621 | +30.3% |
| Equity | 10/15 | €167,497 | €3,000 | -€164,497 | -98.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,497 | - | -€164,497 | |
| Amounts payable | 17/49 | €12,698 | €231,816 | +€219,119 | +1725.7% |
| Amounts payable within one year | 42/48 | €12,698 | €231,816 | +€219,119 | +1725.7% |
| Trade debts | 44 | €2,101 | €4,289 | +€2,188 | +104.2% |
| Suppliers | 440/4 | €2,101 | €4,289 | +€2,188 | +104.2% |
| Taxes, remuneration and social security | 45 | €8,670 | €39,130 | +€30,460 | +351.3% |
| Taxes | 450/3 | €8,670 | €35,973 | +€27,303 | +314.9% |
| Remuneration and social security | 454/9 | - | €3,157 | +€3,157 | |
| Other amounts payable | 47/48 | €1,927 | €188,398 | +€186,471 | +9678.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €3,404 | +€1,428 | +72.3% |
| Other operating charges | 640/8 | €655 | €610 | -€45 | -6.9% |
| Gross operating margin | 9900 | €55,708 | €65,830 | +€10,122 | +18.2% |
| Operating profit (loss) | 9901 | €53,077 | €61,817 | +€8,739 | +16.5% |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.1% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €53,008 | €61,746 | +€8,738 | +16.5% |
| Income taxes | 67/77 | €11,079 | €13,300 | +€2,221 | +20.1% |
| Profit (loss) for the period | 9904 | €41,930 | €48,446 | +€6,517 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,930 | €48,446 | +€6,517 | +15.5% |
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 9 October 2026 via checked.be.