ALRIVA: 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.
ALRIVA
Largest movements
- Tangible fixed assets -€348,199
down €348,199 (-31.5%), from €1.1m to €755,812
of which Land and buildings: -€184,161
- Cash +€288,760
up €288,760 (+16,401%), from €1,761 to €290,520
mainly Investment in fixed assets (net) (+€287,490) and Other debts (+€88,853)
- Receivables within one year -€70,600
down €70,600 (-37.3%), from €189,098 to €118,498
of which Other amounts receivable: -€73,634
- Debts after one year -€164,800
down €164,800 (-19.2%), from €857,785 to €692,985
- Short-term financial debts -€120,242
down €120,242 (-99.5%), from €120,868 to €626
- Other debts +€88,853
up €88,853 (+50.5%), from €176,002 to €264,855
- Profit (loss) carried forward +€88,719
up €88,719 (+22.2%), from -€399,406 to -€310,687
- Trade debts -€31,585
down €31,585 (-37.0%), from €85,414 to €53,829
- Financial income +€245,991
up €245,991 (+617%), from €39,845 to €285,836
of which Financial income: +€284,907
- Gross operating margin +€96,073
up €96,073 (+92.4%), from -€104,005 to -€7,932
- Other operating charges -€42,045
down €42,045 (-64.1%), from €65,576 to €23,531
- Financial charges -€17,865
down €17,865 (-24.1%), from €74,081 to €56,215
- Depreciation -€15,211
down €15,211 (-20.0%), from €75,921 to €60,710
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 | €1,295,817 | €1,165,880 | -€129,937 | -10.0% |
| Fixed assets | 21/28 | €1,104,135 | €755,936 | -€348,199 | -31.5% |
| Tangible fixed assets | 22/27 | €1,104,011 | €755,812 | -€348,199 | -31.5% |
| Land and buildings | 22 | €184,161 | €0 | -€184,161 | -100% |
| Plant, machinery and equipment | 23 | €4,730 | €349 | -€4,381 | -92.6% |
| Furniture and vehicles | 24 | €915,120 | €755,463 | -€159,657 | -17.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €191,682 | €409,944 | +€218,262 | +114% |
| Amounts receivable within one year | 40/41 | €189,098 | €118,498 | -€70,600 | -37.3% |
| Trade receivables | 40 | €99,055 | €102,090 | +€3,035 | +3.1% |
| Other amounts receivable | 41 | €90,043 | €16,408 | -€73,634 | -81.8% |
| Cash at bank and in hand | 54/58 | €1,761 | €290,520 | +€288,760 | +16,401% |
| Deferred charges and accrued income | 490/1 | €823 | €925 | +€102 | +12.4% |
| Total equity and liabilities | 10/49 | €1,295,817 | €1,165,880 | -€129,937 | -10.0% |
| Equity | 10/15 | -€128,208 | -€39,489 | +€88,719 | +69.2% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €109,199 | €109,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Legal reserve | 130 | €8,200 | €8,200 | = | 0.0% |
| Distributable reserves | 133 | €100,999 | €100,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€399,406 | -€310,687 | +€88,719 | +22.2% |
| Amounts payable | 17/49 | €1,424,025 | €1,205,368 | -€218,657 | -15.4% |
| Amounts payable after more than one year | 17 | €857,785 | €692,985 | -€164,800 | -19.2% |
| Financial debts | 170/4 | €857,785 | €692,985 | -€164,800 | -19.2% |
| Amounts payable within one year | 42/48 | €566,240 | €512,383 | -€53,857 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €168,518 | €162,993 | -€5,526 | -3.3% |
| Financial debts | 43 | €120,868 | €626 | -€120,242 | -99.5% |
| Credit institutions | 430/8 | €120,868 | €626 | -€120,242 | -99.5% |
| Trade debts | 44 | €85,414 | €53,829 | -€31,585 | -37.0% |
| Suppliers | 440/4 | €85,414 | €53,829 | -€31,585 | -37.0% |
| Taxes, remuneration and social security | 45 | €15,437 | €30,080 | +€14,643 | +94.9% |
| Taxes | 450/3 | €15,437 | €30,080 | +€14,643 | +94.9% |
| Other amounts payable | 47/48 | €176,002 | €264,855 | +€88,853 | +50.5% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,921 | €60,710 | -€15,211 | -20.0% |
| Other operating charges | 640/8 | €65,576 | €23,531 | -€42,045 | -64.1% |
| Non-recurring operating charges | 66A | - | €48,728 | +€48,728 | |
| Gross operating margin | 9900 | -€104,005 | -€7,932 | +€96,073 | +92.4% |
| Operating profit (loss) | 9901 | -€245,502 | -€140,901 | +€104,601 | +42.6% |
| Financial income | 75/76B | €39,845 | €285,836 | +€245,991 | +617% |
| Recurring financial income | 75 | €929 | €285,836 | +€284,907 | +30,671% |
| Non-recurring financial income | 76B | €38,916 | - | -€38,916 | |
| Financial charges | 65/66B | €74,081 | €56,215 | -€17,865 | -24.1% |
| Recurring financial charges | 65 | €74,081 | €56,215 | -€17,865 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€279,738 | €88,719 | +€368,457 | |
| Income taxes | 67/77 | €13,143 | €0 | -€13,143 | -100% |
| Profit (loss) for the period | 9904 | -€292,882 | €88,719 | +€381,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€292,882 | €88,719 | +€381,601 |
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 15 October 2026 via checked.be.