ALVACO: 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.
ALVACO
Largest movements
- Receivables within one year +€35,026
up €35,026 (+94.0%), from €37,247 to €72,273
of which Trade receivables: +€34,800
- Cash +€2,833
up €2,833 (+2.9%), from €96,154 to €98,987
mainly Net result for the year (+€111,308) and Tax, wage and social debts (+€7,170)
- Reserves +€31,308
up €31,308 (+25.3%), from €123,552 to €154,860
- Tax, wage and social debts +€7,170
up €7,170 (+103%), from €6,965 to €14,135
- Gross operating margin +€34,849
up €34,849 (+31.7%), from €109,872 to €144,721
- Taxes +€9,525
up €9,525 (+41.3%), from €23,057 to €32,582
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 | €136,173 | €174,007 | +€37,834 | +27.8% |
| Current assets | 29/58 | €136,173 | €174,007 | +€37,834 | +27.8% |
| Amounts receivable within one year | 40/41 | €37,247 | €72,273 | +€35,026 | +94.0% |
| Trade receivables | 40 | €36,300 | €71,100 | +€34,800 | +95.9% |
| Other amounts receivable | 41 | €947 | €1,173 | +€226 | +23.8% |
| Cash at bank and in hand | 54/58 | €96,154 | €98,987 | +€2,833 | +2.9% |
| Deferred charges and accrued income | 490/1 | €2,772 | €2,747 | -€25 | -0.9% |
| Total equity and liabilities | 10/49 | €136,173 | €174,007 | +€37,834 | +27.8% |
| Equity | 10/15 | €124,552 | €155,860 | +€31,308 | +25.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €123,552 | €154,860 | +€31,308 | +25.3% |
| Distributable reserves | 133 | €123,552 | €154,860 | +€31,308 | +25.3% |
| Amounts payable | 17/49 | €11,621 | €18,147 | +€6,526 | +56.2% |
| Amounts payable within one year | 42/48 | €11,621 | €18,147 | +€6,526 | +56.2% |
| Trade debts | 44 | €2,889 | €2,266 | -€623 | -21.6% |
| Suppliers | 440/4 | €2,889 | €2,266 | -€623 | -21.6% |
| Taxes, remuneration and social security | 45 | €6,965 | €14,135 | +€7,170 | +103% |
| Taxes | 450/3 | €6,965 | €14,135 | +€7,170 | +103% |
| Other amounts payable | 47/48 | €1,766 | €1,746 | -€21 | -1.2% |
| Other operating charges | 640/8 | €823 | €665 | -€158 | -19.2% |
| Gross operating margin | 9900 | €109,872 | €144,721 | +€34,849 | +31.7% |
| Operating profit (loss) | 9901 | €109,049 | €144,056 | +€35,007 | +32.1% |
| Financial charges | 65/66B | €66 | €166 | +€100 | +153% |
| Recurring financial charges | 65 | €66 | €166 | +€100 | +153% |
| Profit (loss) for the period before taxes | 9903 | €108,984 | €143,890 | +€34,907 | +32.0% |
| Income taxes | 67/77 | €23,057 | €32,582 | +€9,525 | +41.3% |
| Profit (loss) for the period | 9904 | €85,926 | €111,308 | +€25,381 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,926 | €111,308 | +€25,381 | +29.5% |
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 13 October 2026 via checked.be.