ALVA - TECH: what changed
Two fiscal 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 - TECH
Largest movements
- Cash +€41,148
up €41,148 (+46.3%), from €88,872 to €130,020
mainly Net result for the year (+€69,224) and Depreciation (+€28,848)
- Reserves +€69,224
up €69,224 (+13.1%), from €529,734 to €598,958
- Current portion of long-term debt -€25,746
no longer reported in 2025 (was €25,746)
- Gross operating margin +€25,391
up €25,391 (+22.4%), from €113,205 to €138,596
- Taxes +€8,054
up €8,054 (+31.4%), from €25,630 to €33,684
- Financial charges -€2,232
down €2,232 (-70.1%), from €3,184 to €952
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 | €647,228 | €687,666 | +€40,439 | +6.2% |
| Fixed assets | 21/28 | €512,695 | €518,328 | +€5,633 | +1.1% |
| Tangible fixed assets | 22/27 | €508,195 | €513,828 | +€5,633 | +1.1% |
| Land and buildings | 22 | €502,691 | €511,649 | +€8,959 | +1.8% |
| Plant, machinery and equipment | 23 | €4,377 | €1,971 | -€2,407 | -55.0% |
| Furniture and vehicles | 24 | €1,128 | €208 | -€919 | -81.5% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €134,532 | €169,338 | +€34,806 | +25.9% |
| Amounts receivable within one year | 40/41 | €30,451 | €29,318 | -€1,133 | -3.7% |
| Trade receivables | 40 | €28,068 | €24,794 | -€3,274 | -11.7% |
| Other amounts receivable | 41 | €2,383 | €4,524 | +€2,141 | +89.9% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,872 | €130,020 | +€41,148 | +46.3% |
| Deferred charges and accrued income | 490/1 | €5,210 | - | -€5,210 | |
| Total equity and liabilities | 10/49 | €647,228 | €687,666 | +€40,439 | +6.2% |
| Equity | 10/15 | €572,194 | €641,418 | +€69,224 | +12.1% |
| Contributions | 10/11 | €42,460 | €42,460 | = | 0.0% |
| Reserves | 13 | €529,734 | €598,958 | +€69,224 | +13.1% |
| Distributable reserves | 133 | €529,734 | €598,958 | +€69,224 | +13.1% |
| Amounts payable | 17/49 | €75,033 | €46,248 | -€28,785 | -38.4% |
| Amounts payable within one year | 42/48 | €75,033 | €46,248 | -€28,785 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €25,746 | - | -€25,746 | |
| Trade debts | 44 | €9,962 | €9,395 | -€567 | -5.7% |
| Suppliers | 440/4 | €9,962 | €9,395 | -€567 | -5.7% |
| Taxes, remuneration and social security | 45 | €13,572 | €10,926 | -€2,646 | -19.5% |
| Taxes | 450/3 | €13,572 | €9,066 | -€4,506 | -33.2% |
| Remuneration and social security | 454/9 | - | €1,860 | +€1,860 | |
| Other amounts payable | 47/48 | €25,753 | €25,926 | +€173 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,518 | €28,848 | +€1,331 | +4.8% |
| Other operating charges | 640/8 | €5,541 | €6,329 | +€788 | +14.2% |
| Gross operating margin | 9900 | €113,205 | €138,596 | +€25,391 | +22.4% |
| Operating profit (loss) | 9901 | €80,146 | €103,418 | +€23,272 | +29.0% |
| Financial income | 75/76B | €324 | €441 | +€117 | +36.2% |
| Recurring financial income | 75 | €324 | €441 | +€117 | +36.2% |
| Financial charges | 65/66B | €3,184 | €952 | -€2,232 | -70.1% |
| Recurring financial charges | 65 | €3,184 | €952 | -€2,232 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €77,287 | €102,907 | +€25,621 | +33.2% |
| Income taxes | 67/77 | €25,630 | €33,684 | +€8,054 | +31.4% |
| Profit (loss) for the period | 9904 | €51,657 | €69,224 | +€17,567 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,657 | €69,224 | +€17,567 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.