Alvacon: 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.
Alvacon
Largest movements
- Cash -€58,390
down €58,390 (-60.6%), from €96,415 to €38,025
mainly Contributions, distributions and other (-€169,588) and Debts after one year (-€31,821)
- Tangible fixed assets -€49,827
down €49,827 (-91.7%), from €54,321 to €4,493
- Receivables within one year -€3,966
down €3,966 (-10.4%), from €38,067 to €34,101
of which Trade receivables: -€3,792
- Reserves -€106,580
down €106,580 (-82.0%), from €129,992 to €23,412
- Other debts +€37,737
up €37,737 (+1,500%), from €2,515 to €40,252
- Debts after one year -€31,821
down €31,821 (-100%), from €31,821 to €0
- Current portion of long-term debt -€13,241
down €13,241 (-100%), from €13,241 to €0
- Tax, wage and social debts +€2,838
up €2,838 (+32.3%), from €8,795 to €11,633
- Depreciation -€14,565
down €14,565 (-94.2%), from €15,465 to €900
- Gross operating margin +€7,792
up €7,792 (+9.5%), from €81,913 to €89,705
- Taxes +€4,402
up €4,402 (+32.9%), from €13,387 to €17,789
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 | €192,654 | €80,247 | -€112,407 | -58.3% |
| Fixed assets | 21/28 | €54,426 | €4,598 | -€49,827 | -91.6% |
| Tangible fixed assets | 22/27 | €54,321 | €4,493 | -€49,827 | -91.7% |
| Furniture and vehicles | 24 | €54,321 | €4,493 | -€49,827 | -91.7% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €138,228 | €75,648 | -€62,580 | -45.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €38,067 | €34,101 | -€3,966 | -10.4% |
| Trade receivables | 40 | €37,273 | €33,481 | -€3,792 | -10.2% |
| Other amounts receivable | 41 | €794 | €620 | -€175 | -22.0% |
| Cash at bank and in hand | 54/58 | €96,415 | €38,025 | -€58,390 | -60.6% |
| Deferred charges and accrued income | 490/1 | €3,746 | €3,522 | -€224 | -6.0% |
| Total equity and liabilities | 10/49 | €192,654 | €80,247 | -€112,407 | -58.3% |
| Equity | 10/15 | €130,992 | €24,412 | -€106,580 | -81.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €129,992 | €23,412 | -€106,580 | -82.0% |
| Distributable reserves | 133 | €129,992 | €23,412 | -€106,580 | -82.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,662 | €55,835 | -€5,827 | -9.4% |
| Amounts payable after more than one year | 17 | €31,821 | €0 | -€31,821 | -100% |
| Financial debts | 170/4 | €31,821 | €0 | -€31,821 | -100% |
| Amounts payable within one year | 42/48 | €29,092 | €55,086 | +€25,995 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €13,241 | €0 | -€13,241 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,541 | €3,201 | -€1,340 | -29.5% |
| Suppliers | 440/4 | €4,541 | €3,201 | -€1,340 | -29.5% |
| Taxes, remuneration and social security | 45 | €8,795 | €11,633 | +€2,838 | +32.3% |
| Taxes | 450/3 | €8,795 | €11,633 | +€2,838 | +32.3% |
| Other amounts payable | 47/48 | €2,515 | €40,252 | +€37,737 | +1,500% |
| Accrued charges and deferred income | 492/3 | €748 | €748 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,465 | €900 | -€14,565 | -94.2% |
| Other operating charges | 640/8 | €1,490 | €1,615 | +€124 | +8.3% |
| Non-recurring operating charges | 66A | - | €2,463 | +€2,463 | |
| Gross operating margin | 9900 | €81,913 | €89,705 | +€7,792 | +9.5% |
| Operating profit (loss) | 9901 | €64,958 | €84,727 | +€19,770 | +30.4% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €3,349 | €3,948 | +€598 | +17.9% |
| Recurring financial charges | 65 | €3,349 | €3,948 | +€598 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €61,608 | €80,797 | +€19,189 | +31.1% |
| Income taxes | 67/77 | €13,387 | €17,789 | +€4,402 | +32.9% |
| Profit (loss) for the period | 9904 | €48,221 | €63,008 | +€14,787 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,221 | €63,008 | +€14,787 | +30.7% |
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 24 October 2026 via checked.be.