ALVAIR: 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.
ALVAIR
Largest movements
- Cash -€472
down €472 (-71.1%), from €663 to €192
mainly Net result for the year (-€2,003) and Accrued charges and deferred income (-€100)
- Receivables within one year +€89
new in 2025: €89
- Profit (loss) carried forward -€2,003
down €2,003 (-1.4%), from -€142,650 to -€144,652
- Debts after one year +€1,300
up €1,300 (+1.0%), from €124,271 to €125,571
- Trade debts +€420
up €420 (+420%), from €100 to €520
- Accrued charges and deferred income -€100
down €100 (-28.6%), from €350 to €250
- Other operating charges +€1,467
up €1,467 (+1,467%), from €100 to €1,567
- Gross operating margin +€128
up €128 (+24.7%), from -€519 to -€391
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 | €663 | €281 | -€383 | -57.7% |
| Current assets | 29/58 | €663 | €281 | -€383 | -57.7% |
| Amounts receivable within one year | 40/41 | - | €89 | +€89 | |
| Other amounts receivable | 41 | - | €89 | +€89 | |
| Cash at bank and in hand | 54/58 | €663 | €192 | -€472 | -71.1% |
| Total equity and liabilities | 10/49 | €663 | €281 | -€383 | -57.7% |
| Equity | 10/15 | -€124,058 | -€126,060 | -€2,003 | -1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,650 | -€144,652 | -€2,003 | -1.4% |
| Amounts payable | 17/49 | €124,721 | €126,341 | +€1,620 | +1.3% |
| Amounts payable after more than one year | 17 | €124,271 | €125,571 | +€1,300 | +1.0% |
| Other amounts payable | 178/9 | €124,271 | €125,571 | +€1,300 | +1.0% |
| Amounts payable within one year | 42/48 | €100 | €520 | +€420 | +420% |
| Trade debts | 44 | €100 | €520 | +€420 | +420% |
| Suppliers | 440/4 | €100 | €520 | +€420 | +420% |
| Accrued charges and deferred income | 492/3 | €350 | €250 | -€100 | -28.6% |
| Other operating charges | 640/8 | €100 | €1,567 | +€1,467 | +1,467% |
| Gross operating margin | 9900 | -€519 | -€391 | +€128 | +24.7% |
| Operating profit (loss) | 9901 | -€619 | -€1,958 | -€1,339 | -216% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€664 | -€2,003 | -€1,339 | -202% |
| Profit (loss) for the period | 9904 | -€664 | -€2,003 | -€1,339 | -202% |
| Profit (loss) for the period to be appropriated | 9905 | -€664 | -€2,003 | -€1,339 | -202% |
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 19 October 2026 via checked.be.