ALPVENTURE: 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.
ALPVENTURE
Largest movements
- Current investments +€140,356
up €140,356 (+22.3%), from €628,557 to €768,913
- Tangible fixed assets -€33,548
down €33,548 (-6.4%), from €522,635 to €489,087
of which Other tangible fixed assets: -€20,114
- Receivables within one year -€26,054
down €26,054 (-13.4%), from €194,019 to €167,966
of which Other amounts receivable: -€27,994
- Cash -€25,756
down €25,756 (-50.9%), from €50,594 to €24,838
mainly Current investments (-€140,356) and Other debts (-€77,733)
- Reserves +€93,748
up €93,748 (+14.7%), from €637,463 to €731,211
of which Distributable reserves: +€93,915
- Other debts -€77,733
down €77,733 (-18.4%), from €421,963 to €344,230
- Accrued charges and deferred income +€38,286
up €38,286 (+134%), from €28,664 to €66,951
- Taxes +€5,502
up €5,502 (+15.0%), from €36,598 to €42,100
- Financial charges +€5,280
up €5,280 (+41.5%), from €12,731 to €18,012
- Financial income +€4,708
up €4,708 (+69.5%), from €6,770 to €11,477
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,429,468 | €1,472,864 | +€43,395 | +3.0% |
| Fixed assets | 21/28 | €522,635 | €489,087 | -€33,548 | -6.4% |
| Tangible fixed assets | 22/27 | €522,635 | €489,087 | -€33,548 | -6.4% |
| Land and buildings | 22 | €58,551 | €55,415 | -€3,137 | -5.4% |
| Furniture and vehicles | 24 | €36,468 | €26,171 | -€10,297 | -28.2% |
| Other tangible fixed assets | 26 | €427,616 | €407,501 | -€20,114 | -4.7% |
| Current assets | 29/58 | €906,834 | €983,777 | +€76,944 | +8.5% |
| Amounts receivable within one year | 40/41 | €194,019 | €167,966 | -€26,054 | -13.4% |
| Trade receivables | 40 | €25,590 | €27,531 | +€1,940 | +7.6% |
| Other amounts receivable | 41 | €168,429 | €140,435 | -€27,994 | -16.6% |
| Current investments | 50/53 | €628,557 | €768,913 | +€140,356 | +22.3% |
| Cash at bank and in hand | 54/58 | €50,594 | €24,838 | -€25,756 | -50.9% |
| Deferred charges and accrued income | 490/1 | €33,664 | €22,061 | -€11,603 | -34.5% |
| Total equity and liabilities | 10/49 | €1,429,468 | €1,472,864 | +€43,395 | +3.0% |
| Equity | 10/15 | €862,463 | €956,211 | +€93,748 | +10.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €637,463 | €731,211 | +€93,748 | +14.7% |
| Non-distributable reserves | 130/1 | €24,299 | €24,299 | = | 0.0% |
| Legal reserve | 130 | €24,299 | €24,299 | = | 0.0% |
| Tax-exempt reserves | 132 | €334 | €167 | -€167 | -50.0% |
| Distributable reserves | 133 | €612,830 | €706,745 | +€93,915 | +15.3% |
| Provisions and deferred taxes | 16 | €86 | €43 | -€43 | -50.0% |
| Deferred taxes | 168 | €86 | €43 | -€43 | -50.0% |
| Amounts payable | 17/49 | €566,920 | €516,610 | -€50,310 | -8.9% |
| Amounts payable after more than one year | 17 | €82,193 | €73,627 | -€8,566 | -10.4% |
| Financial debts | 170/4 | €82,193 | €73,627 | -€8,566 | -10.4% |
| Amounts payable within one year | 42/48 | €456,062 | €376,032 | -€80,030 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €8,461 | €8,566 | +€105 | +1.2% |
| Trade debts | 44 | €10,478 | €4,496 | -€5,982 | -57.1% |
| Suppliers | 440/4 | €10,478 | €4,496 | -€5,982 | -57.1% |
| Advances received on contracts in progress | 46 | €4,091 | €3,409 | -€682 | -16.7% |
| Taxes, remuneration and social security | 45 | €11,070 | €15,331 | +€4,261 | +38.5% |
| Taxes | 450/3 | €11,070 | €15,331 | +€4,261 | +38.5% |
| Other amounts payable | 47/48 | €421,963 | €344,230 | -€77,733 | -18.4% |
| Accrued charges and deferred income | 492/3 | €28,664 | €66,951 | +€38,286 | +134% |
| Non-recurring operating income | 76A | €75 | €0 | -€75 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,748 | €34,622 | -€126 | -0.4% |
| Other operating charges | 640/8 | €7,454 | €6,279 | -€1,175 | -15.8% |
| Non-recurring operating charges | 66A | €152 | €3,785 | +€3,633 | +2,390% |
| Gross operating margin | 9900 | €186,988 | €187,026 | +€38 | 0.0% |
| Operating profit (loss) | 9901 | €144,633 | €142,340 | -€2,293 | -1.6% |
| Financial income | 75/76B | €6,770 | €11,477 | +€4,708 | +69.5% |
| Recurring financial income | 75 | €6,770 | €11,477 | +€4,708 | +69.5% |
| Financial charges | 65/66B | €12,731 | €18,012 | +€5,280 | +41.5% |
| Recurring financial charges | 65 | €12,731 | €18,012 | +€5,280 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €138,671 | €135,805 | -€2,866 | -2.1% |
| Transfer from deferred taxes | 780 | €43 | €43 | = | 0.0% |
| Income taxes | 67/77 | €36,598 | €42,100 | +€5,502 | +15.0% |
| Profit (loss) for the period | 9904 | €102,116 | €93,748 | -€8,368 | -8.2% |
| Transfer from tax-exempt reserves | 789 | €167 | €167 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,283 | €93,915 | -€8,368 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.