ALVA & CO: 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 & CO
Largest movements
- Cash -€33,789
down €33,789 (-69.6%), from €48,513 to €14,724
mainly Short-term financial debts (-€27,500) and Debts after one year (-€13,036)
- Tangible fixed assets -€8,824
down €8,824 (-1.2%), from €747,578 to €738,753
- Short-term financial debts -€27,500
down €27,500 (-100%), from €27,500 to €0
- Debts after one year -€13,036
down €13,036 (-3.1%), from €418,306 to €405,270
- Gross operating margin -€129,518
down €129,518 (-81.4%), from €159,109 to €29,591
- Depreciation -€43,828
down €43,828 (-83.2%), from €52,652 to €8,824
- Taxes -€27,159
down €27,159 (-92.2%), from €29,450 to €2,291
- Financial charges -€2,932
down €2,932 (-24.0%), from €12,193 to €9,260
- Financial income -€2,159
down €2,159 (-96.9%), from €2,229 to €70
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 | €798,015 | €756,858 | -€41,158 | -5.2% |
| Fixed assets | 21/28 | €749,503 | €740,678 | -€8,824 | -1.2% |
| Intangible fixed assets | 21 | €1,925 | €1,925 | = | 0.0% |
| Tangible fixed assets | 22/27 | €747,578 | €738,753 | -€8,824 | -1.2% |
| Land and buildings | 22 | €747,578 | €738,753 | -€8,824 | -1.2% |
| Current assets | 29/58 | €48,513 | €16,179 | -€32,334 | -66.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,455 | +€1,455 | |
| Other amounts receivable | 41 | €0 | €1,455 | +€1,455 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €48,513 | €14,724 | -€33,789 | -69.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €798,015 | €756,858 | -€41,158 | -5.2% |
| Equity | 10/15 | €212,149 | €217,058 | +€4,909 | +2.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €62,149 | €67,058 | +€4,909 | +7.9% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €47,149 | €52,058 | +€4,909 | +10.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €585,867 | €539,800 | -€46,067 | -7.9% |
| Amounts payable after more than one year | 17 | €418,306 | €405,270 | -€13,036 | -3.1% |
| Financial debts | 170/4 | €418,306 | €405,270 | -€13,036 | -3.1% |
| Amounts payable within one year | 42/48 | €167,561 | €134,529 | -€33,031 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €13,036 | +€469 | +3.7% |
| Financial debts | 43 | €27,500 | €0 | -€27,500 | -100% |
| Credit institutions | 430/8 | €27,500 | €0 | -€27,500 | -100% |
| Trade debts | 44 | €902 | €1,150 | +€248 | +27.5% |
| Suppliers | 440/4 | €902 | €1,150 | +€248 | +27.5% |
| Taxes, remuneration and social security | 45 | €1,281 | €0 | -€1,281 | -100% |
| Taxes | 450/3 | €1,281 | €0 | -€1,281 | -100% |
| Other amounts payable | 47/48 | €125,312 | €120,344 | -€4,968 | -4.0% |
| Non-recurring operating income | 76A | €141,775 | €0 | -€141,775 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,652 | €8,824 | -€43,828 | -83.2% |
| Other operating charges | 640/8 | €4,340 | €4,377 | +€37 | +0.8% |
| Gross operating margin | 9900 | €159,109 | €29,591 | -€129,518 | -81.4% |
| Operating profit (loss) | 9901 | €102,117 | €16,391 | -€85,726 | -83.9% |
| Financial income | 75/76B | €2,229 | €70 | -€2,159 | -96.9% |
| Recurring financial income | 75 | €2,229 | €70 | -€2,159 | -96.9% |
| Financial charges | 65/66B | €12,193 | €9,260 | -€2,932 | -24.0% |
| Recurring financial charges | 65 | €12,193 | €9,260 | -€2,932 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €92,154 | €7,200 | -€84,954 | -92.2% |
| Income taxes | 67/77 | €29,450 | €2,291 | -€27,159 | -92.2% |
| Profit (loss) for the period | 9904 | €62,704 | €4,909 | -€57,795 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,704 | €4,909 | -€57,795 | -92.2% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.