ALPHAR VERVIERS: 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.
ALPHAR VERVIERS
Largest movements
- Tangible fixed assets -€20,411
down €20,411 (-8.6%), from €238,251 to €217,840
of which Land and buildings: -€12,664
- Debts after one year -€51,294
down €51,294 (-15.5%), from €330,699 to €279,405
- Other debts +€22,533
up €22,533 (+12.6%), from €178,937 to €201,470
- Reserves +€13,000
up €13,000 (+6.1%), from €214,400 to €227,400
of which Distributable reserves: +€13,000
- Gross operating margin +€12,984
up €12,984 (+27.1%), from €47,893 to €60,877
- Financial income -€7,537
no longer reported in 2025 (was €7,537)
- Taxes +€3,178
up €3,178 (+125%), from €2,543 to €5,720
- Financial charges -€987
down €987 (-5.1%), from €19,316 to €18,329
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 | €936,952 | €915,972 | -€20,979 | -2.2% |
| Fixed assets | 21/28 | €917,429 | €897,018 | -€20,411 | -2.2% |
| Tangible fixed assets | 22/27 | €238,251 | €217,840 | -€20,411 | -8.6% |
| Land and buildings | 22 | €211,814 | €199,150 | -€12,664 | -6.0% |
| Plant, machinery and equipment | 23 | €26,437 | €18,691 | -€7,747 | -29.3% |
| Financial fixed assets | 28 | €679,178 | €679,178 | = | 0.0% |
| Current assets | 29/58 | €19,522 | €18,954 | -€568 | -2.9% |
| Amounts receivable within one year | 40/41 | - | €3,554 | +€3,554 | |
| Trade receivables | 40 | - | €3,554 | +€3,554 | |
| Cash at bank and in hand | 54/58 | €15,528 | €14,047 | -€1,481 | -9.5% |
| Deferred charges and accrued income | 490/1 | €3,994 | €1,353 | -€2,641 | -66.1% |
| Total equity and liabilities | 10/49 | €936,952 | €915,972 | -€20,979 | -2.2% |
| Equity | 10/15 | €339,835 | €352,711 | +€12,876 | +3.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €214,400 | €227,400 | +€13,000 | +6.1% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €201,900 | €214,900 | +€13,000 | +6.4% |
| Profit (loss) carried forward | 14 | €435 | €311 | -€124 | -28.5% |
| Amounts payable | 17/49 | €597,117 | €563,262 | -€33,855 | -5.7% |
| Amounts payable after more than one year | 17 | €330,699 | €279,405 | -€51,294 | -15.5% |
| Financial debts | 170/4 | €330,699 | €279,405 | -€51,294 | -15.5% |
| Amounts payable within one year | 42/48 | €254,484 | €272,475 | +€17,991 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €59,338 | €51,428 | -€7,910 | -13.3% |
| Trade debts | 44 | €1,883 | €2,924 | +€1,041 | +55.3% |
| Suppliers | 440/4 | €1,883 | €2,924 | +€1,041 | +55.3% |
| Taxes, remuneration and social security | 45 | €14,326 | €16,653 | +€2,328 | +16.3% |
| Taxes | 450/3 | €14,326 | €16,653 | +€2,328 | +16.3% |
| Other amounts payable | 47/48 | €178,937 | €201,470 | +€22,533 | +12.6% |
| Accrued charges and deferred income | 492/3 | €11,934 | €11,381 | -€553 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,411 | €20,411 | = | 0.0% |
| Other operating charges | 640/8 | €3,389 | €3,540 | +€152 | +4.5% |
| Gross operating margin | 9900 | €47,893 | €60,877 | +€12,984 | +27.1% |
| Operating profit (loss) | 9901 | €24,093 | €36,925 | +€12,832 | +53.3% |
| Financial income | 75/76B | €7,537 | - | -€7,537 | |
| Recurring financial income | 75 | €7,537 | - | -€7,537 | |
| Financial charges | 65/66B | €19,316 | €18,329 | -€987 | -5.1% |
| Recurring financial charges | 65 | €19,316 | €18,329 | -€987 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €12,314 | €18,596 | +€6,282 | +51.0% |
| Income taxes | 67/77 | €2,543 | €5,720 | +€3,178 | +125% |
| Profit (loss) for the period | 9904 | €9,772 | €12,876 | +€3,104 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,772 | €12,876 | +€3,104 | +31.8% |
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 25 October 2026 via checked.be.