ALVAKET: 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.
ALVAKET
Largest movements
- Tangible fixed assets +€49,184
up €49,184 (+84.0%), from €58,579 to €107,763
of which Land and buildings: +€48,384
- Cash -€35,386
down €35,386 (-91.1%), from €38,856 to €3,470
mainly Investment in fixed assets (net) (-€52,774) and Contributions, distributions and other (-€13,008)
- Deferred charges and accrued income -€24,000
down €24,000 (-17.4%), from €138,000 to €114,000
- Receivables within one year +€3,297
up €3,297 (+13.7%), from €24,109 to €27,406
- Trade debts -€5,725
no longer reported in 2025 (was €5,725)
- Tax, wage and social debts -€5,061
no longer reported in 2025 (was €5,061)
- Other debts +€2,987
up €2,987 (+2,661%), from €112 to €3,099
- Gross operating margin -€23,330
down €23,330 (-45.0%), from €51,839 to €28,509
- Taxes -€9,358
down €9,358 (-66.6%), from €14,061 to €4,703
- Depreciation +€2,250
up €2,250 (+168%), from €1,340 to €3,591
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 | €259,545 | €252,640 | -€6,905 | -2.7% |
| Fixed assets | 21/28 | €58,579 | €107,763 | +€49,184 | +84.0% |
| Tangible fixed assets | 22/27 | €58,579 | €107,763 | +€49,184 | +84.0% |
| Land and buildings | 22 | €58,154 | €106,537 | +€48,384 | +83.2% |
| Plant, machinery and equipment | 23 | €426 | €319 | -€106 | -25.0% |
| Furniture and vehicles | 24 | - | €906 | +€906 | |
| Current assets | 29/58 | €200,965 | €144,877 | -€56,089 | -27.9% |
| Amounts receivable within one year | 40/41 | €24,109 | €27,406 | +€3,297 | +13.7% |
| Other amounts receivable | 41 | €24,109 | €27,406 | +€3,297 | +13.7% |
| Cash at bank and in hand | 54/58 | €38,856 | €3,470 | -€35,386 | -91.1% |
| Deferred charges and accrued income | 490/1 | €138,000 | €114,000 | -€24,000 | -17.4% |
| Total equity and liabilities | 10/49 | €259,545 | €252,640 | -€6,905 | -2.7% |
| Equity | 10/15 | €248,646 | €249,540 | +€894 | +0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €187,146 | €188,040 | +€894 | +0.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €180,996 | €181,890 | +€894 | +0.5% |
| Amounts payable | 17/49 | €10,898 | €3,099 | -€7,799 | -71.6% |
| Amounts payable within one year | 42/48 | €10,898 | €3,099 | -€7,799 | -71.6% |
| Trade debts | 44 | €5,725 | - | -€5,725 | |
| Suppliers | 440/4 | €5,725 | - | -€5,725 | |
| Taxes, remuneration and social security | 45 | €5,061 | - | -€5,061 | |
| Taxes | 450/3 | €5,061 | - | -€5,061 | |
| Other amounts payable | 47/48 | €112 | €3,099 | +€2,987 | +2,661% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €3,591 | +€2,250 | +168% |
| Other operating charges | 640/8 | €6,182 | €6,240 | +€58 | +0.9% |
| Gross operating margin | 9900 | €51,839 | €28,509 | -€23,330 | -45.0% |
| Operating profit (loss) | 9901 | €44,317 | €18,678 | -€25,639 | -57.9% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €44,248 | €18,604 | -€25,643 | -58.0% |
| Income taxes | 67/77 | €14,061 | €4,703 | -€9,358 | -66.6% |
| Profit (loss) for the period | 9904 | €30,186 | €13,902 | -€16,285 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,186 | €13,902 | -€16,285 | -53.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.