ALVA: 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.
ALVA
Largest movements
- Current investments +€238,644
up €238,644 (+158.9%), from €150,155 to €388,799
- Cash -€194,212
down €194,212 (-78.0%), from €248,872 to €54,660
mainly Current investments (-€238,644) and Contributions, distributions and other (-€68,400)
- Receivables within one year +€50,280
up €50,280 (+53.6%), from €93,842 to €144,122
of which Trade receivables: +€67,318
- Tangible fixed assets -€13,086
down €13,086 (-33.6%), from €39,001 to €25,915
of which Furniture and vehicles: -€12,726
- Reserves +€46,087
up €46,087 (+9.6%), from €482,583 to €528,670
of which Distributable reserves: +€46,087
- Other debts +€35,346
up €35,346 (+107.3%), from €32,942 to €68,288
- Gross operating margin +€11,222
up €11,222 (+7.1%), from €157,707 to €168,929
- Taxes +€8,912
up €8,912 (+20.8%), from €42,841 to €51,753
- Financial income +€8,061
up €8,061 (+195.9%), from €4,115 to €12,177
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 | €534,116 | €615,933 | +€81,817 | +15.3% |
| Fixed assets | 21/28 | €39,001 | €25,915 | -€13,086 | -33.6% |
| Tangible fixed assets | 22/27 | €39,001 | €25,915 | -€13,086 | -33.6% |
| Plant, machinery and equipment | 23 | €797 | €436 | -€360 | -45.2% |
| Furniture and vehicles | 24 | €38,204 | €25,478 | -€12,726 | -33.3% |
| Current assets | 29/58 | €495,115 | €590,018 | +€94,903 | +19.2% |
| Amounts receivable within one year | 40/41 | €93,842 | €144,122 | +€50,280 | +53.6% |
| Trade receivables | 40 | €72,756 | €140,074 | +€67,318 | +92.5% |
| Other amounts receivable | 41 | €21,086 | €4,048 | -€17,038 | -80.8% |
| Current investments | 50/53 | €150,155 | €388,799 | +€238,644 | +158.9% |
| Cash at bank and in hand | 54/58 | €248,872 | €54,660 | -€194,212 | -78.0% |
| Deferred charges and accrued income | 490/1 | €2,246 | €2,437 | +€190 | +8.5% |
| Total equity and liabilities | 10/49 | €534,116 | €615,933 | +€81,817 | +15.3% |
| Equity | 10/15 | €484,983 | €531,070 | +€46,087 | +9.5% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €482,583 | €528,670 | +€46,087 | +9.6% |
| Tax-exempt reserves | 132 | €264 | €264 | = | 0.0% |
| Distributable reserves | 133 | €482,319 | €528,406 | +€46,087 | +9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,133 | €84,863 | +€35,730 | +72.7% |
| Amounts payable within one year | 42/48 | €49,133 | €84,863 | +€35,730 | +72.7% |
| Trade debts | 44 | €3,874 | €6,547 | +€2,673 | +69.0% |
| Suppliers | 440/4 | €3,874 | €6,547 | +€2,673 | +69.0% |
| Taxes, remuneration and social security | 45 | €12,316 | €10,028 | -€2,288 | -18.6% |
| Taxes | 450/3 | €12,316 | €10,028 | -€2,288 | -18.6% |
| Other amounts payable | 47/48 | €32,942 | €68,288 | +€35,346 | +107.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,897 | €13,086 | +€189 | +1.5% |
| Other operating charges | 640/8 | €979 | €1,013 | +€34 | +3.4% |
| Gross operating margin | 9900 | €157,707 | €168,929 | +€11,222 | +7.1% |
| Operating profit (loss) | 9901 | €143,831 | €154,831 | +€11,000 | +7.6% |
| Financial income | 75/76B | €4,115 | €12,177 | +€8,061 | +195.9% |
| Recurring financial income | 75 | €4,115 | €12,177 | +€8,061 | +195.9% |
| Financial charges | 65/66B | €50 | €768 | +€718 | +1450.7% |
| Recurring financial charges | 65 | €50 | €768 | +€718 | +1450.7% |
| Profit (loss) for the period before taxes | 9903 | €147,897 | €166,239 | +€18,342 | +12.4% |
| Income taxes | 67/77 | €42,841 | €51,753 | +€8,912 | +20.8% |
| Profit (loss) for the period | 9904 | €105,056 | €114,487 | +€9,431 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €105,056 | €114,487 | +€9,431 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.