ALVAD - SCA: 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.
ALVAD - SCA
Largest movements
- Receivables within one year +€1,759
up €1,759 (+726%), from €242 to €2,001
- Tangible fixed assets -€667
down €667 (-53.9%), from €1,237 to €570
- Cash -€94
down €94 (-20.1%), from €471 to €376
mainly Net result for the year (-€17,989) and Receivables within one year (-€1,759)
- Other debts +€19,120
up €19,120 (+16.0%), from €119,390 to €138,510
- Profit (loss) carried forward -€17,989
down €17,989 (-13.3%), from -€134,787 to -€152,776
- Trade debts -€179
down €179 (-39.5%), from €452 to €273
- Gross operating margin -€8,130
down €8,130 (-96.5%), from -€8,424 to -€16,554
- Financial income +€461
up €461 (+76,887%), from €1 to €462
- Financial charges +€242
up €242 (+237%), from €102 to €344
- Other operating charges +€204
up €204 (+29.9%), from €682 to €886
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 | €3,647 | €4,599 | +€952 | +26.1% |
| Fixed assets | 21/28 | €1,311 | €644 | -€667 | -50.9% |
| Tangible fixed assets | 22/27 | €1,237 | €570 | -€667 | -53.9% |
| Plant, machinery and equipment | 23 | €1,237 | €570 | -€667 | -53.9% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €2,336 | €3,955 | +€1,619 | +69.3% |
| Stocks and contracts in progress | 3 | €1,420 | €1,420 | = | 0.0% |
| Stocks | 30/36 | €1,420 | €1,420 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €242 | €2,001 | +€1,759 | +726% |
| Other amounts receivable | 41 | €242 | €2,001 | +€1,759 | +726% |
| Cash at bank and in hand | 54/58 | €471 | €376 | -€94 | -20.1% |
| Deferred charges and accrued income | 490/1 | €203 | €158 | -€45 | -22.2% |
| Total equity and liabilities | 10/49 | €3,647 | €4,599 | +€952 | +26.1% |
| Equity | 10/15 | -€116,195 | -€134,184 | -€17,989 | -15.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,787 | -€152,776 | -€17,989 | -13.3% |
| Amounts payable | 17/49 | €119,841 | €138,783 | +€18,941 | +15.8% |
| Amounts payable within one year | 42/48 | €119,841 | €138,783 | +€18,941 | +15.8% |
| Trade debts | 44 | €452 | €273 | -€179 | -39.5% |
| Suppliers | 440/4 | €452 | €273 | -€179 | -39.5% |
| Other amounts payable | 47/48 | €119,390 | €138,510 | +€19,120 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €667 | +€0 | 0.0% |
| Other operating charges | 640/8 | €682 | €886 | +€204 | +29.9% |
| Gross operating margin | 9900 | -€8,424 | -€16,554 | -€8,130 | -96.5% |
| Operating profit (loss) | 9901 | -€9,773 | -€18,106 | -€8,334 | -85.3% |
| Financial income | 75/76B | €1 | €462 | +€461 | +76,887% |
| Recurring financial income | 75 | €1 | €462 | +€461 | +76,887% |
| Financial charges | 65/66B | €102 | €344 | +€242 | +237% |
| Recurring financial charges | 65 | €102 | €344 | +€242 | +237% |
| Profit (loss) for the period before taxes | 9903 | -€9,874 | -€17,989 | -€8,115 | -82.2% |
| Profit (loss) for the period | 9904 | -€9,874 | -€17,989 | -€8,115 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,874 | -€17,989 | -€8,115 | -82.2% |
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.