ALVA CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets +€176,179
up €176,179 (+64.8%), from €271,777 to €447,956
of which Land and buildings: +€190,668
- Receivables within one year -€28,558
down €28,558 (-22.9%), from €124,750 to €96,192
of which Trade receivables: -€19,098
- Cash -€19,288
down €19,288 (-23.0%), from €84,006 to €64,717
mainly Investment in fixed assets (net) (-€217,833) and Contributions, distributions and other (-€128,992)
- Debts after one year +€117,438
up €117,438 (+77.4%), from €151,661 to €269,099
- Reserves -€86,582
down €86,582 (-27.3%), from €316,642 to €230,060
- Other debts +€84,317
up €84,317 (+9,658%), from €873 to €85,190
- Tax, wage and social debts -€19,755
down €19,755 (-88.4%), from €22,355 to €2,600
- Current portion of long-term debt +€13,433
up €13,433 (+79.0%), from €17,008 to €30,441
- Gross operating margin +€7,104
up €7,104 (+6.8%), from €104,141 to €111,245
- Depreciation +€4,054
up €4,054 (+10.8%), from €37,600 to €41,654
- Financial charges +€1,739
up €1,739 (+35.7%), from €4,864 to €6,603
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 | €520,916 | €651,757 | +€130,841 | +25.1% |
| Fixed assets | 21/28 | €271,777 | €447,956 | +€176,179 | +64.8% |
| Tangible fixed assets | 22/27 | €271,777 | €447,956 | +€176,179 | +64.8% |
| Land and buildings | 22 | €252,841 | €443,509 | +€190,668 | +75.4% |
| Plant, machinery and equipment | 23 | €5,132 | €4,447 | -€685 | -13.4% |
| Furniture and vehicles | 24 | €13,804 | €0 | -€13,804 | -100% |
| Current assets | 29/58 | €249,139 | €203,801 | -€45,337 | -18.2% |
| Stocks and contracts in progress | 3 | €209 | €104 | -€106 | -50.5% |
| Stocks | 30/36 | €209 | €104 | -€106 | -50.5% |
| Amounts receivable within one year | 40/41 | €124,750 | €96,192 | -€28,558 | -22.9% |
| Trade receivables | 40 | €100,285 | €81,187 | -€19,098 | -19.0% |
| Other amounts receivable | 41 | €24,465 | €15,004 | -€9,460 | -38.7% |
| Current investments | 50/53 | €40,003 | €40,372 | +€369 | +0.9% |
| Cash at bank and in hand | 54/58 | €84,006 | €64,717 | -€19,288 | -23.0% |
| Deferred charges and accrued income | 490/1 | €171 | €2,417 | +€2,245 | +1,309% |
| Total equity and liabilities | 10/49 | €520,916 | €651,757 | +€130,841 | +25.1% |
| Equity | 10/15 | €322,842 | €236,260 | -€86,582 | -26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €316,642 | €230,060 | -€86,582 | -27.3% |
| Distributable reserves | 133 | €316,642 | €230,060 | -€86,582 | -27.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €198,074 | €415,497 | +€217,423 | +110% |
| Amounts payable after more than one year | 17 | €151,661 | €269,099 | +€117,438 | +77.4% |
| Financial debts | 170/4 | €151,661 | €269,099 | +€117,438 | +77.4% |
| Amounts payable within one year | 42/48 | €42,438 | €137,268 | +€94,830 | +223% |
| Current portion of amounts payable after more than one year | 42 | €17,008 | €30,441 | +€13,433 | +79.0% |
| Financial debts | 43 | - | €12,569 | +€12,569 | |
| Credit institutions | 430/8 | - | €12,569 | +€12,569 | |
| Trade debts | 44 | €2,202 | €6,468 | +€4,267 | +194% |
| Suppliers | 440/4 | €2,202 | €6,468 | +€4,267 | +194% |
| Taxes, remuneration and social security | 45 | €22,355 | €2,600 | -€19,755 | -88.4% |
| Taxes | 450/3 | €22,355 | €2,600 | -€19,755 | -88.4% |
| Other amounts payable | 47/48 | €873 | €85,190 | +€84,317 | +9,658% |
| Accrued charges and deferred income | 492/3 | €3,975 | €9,130 | +€5,155 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,600 | €41,654 | +€4,054 | +10.8% |
| Other operating charges | 640/8 | €3,755 | €3,298 | -€457 | -12.2% |
| Gross operating margin | 9900 | €104,141 | €111,245 | +€7,104 | +6.8% |
| Operating profit (loss) | 9901 | €62,786 | €66,293 | +€3,507 | +5.6% |
| Financial income | 75/76B | €477 | €1,405 | +€928 | +195% |
| Recurring financial income | 75 | €477 | €1,405 | +€928 | +195% |
| Financial charges | 65/66B | €4,864 | €6,603 | +€1,739 | +35.7% |
| Recurring financial charges | 65 | €4,864 | €6,603 | +€1,739 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €58,399 | €61,095 | +€2,696 | +4.6% |
| Income taxes | 67/77 | €18,674 | €18,685 | +€11 | +0.1% |
| Profit (loss) for the period | 9904 | €39,725 | €42,410 | +€2,685 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,725 | €42,410 | +€2,685 | +6.8% |
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 18 October 2026 via checked.be.