ALVAKON: 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.
ALVAKON
Largest movements
- Receivables within one year -€41,496
down €41,496 (-66.9%), from €62,019 to €20,523
of which Other amounts receivable: -€35,215
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tangible fixed assets +€16,637
up €16,637 (+71.2%), from €23,350 to €39,987
of which Furniture and vehicles: +€19,599
- Cash +€10,717
up €10,717 (+42.3%), from €25,307 to €36,025
mainly Receivables within one year (+€41,496) and Receivables after one year (+€20,000)
- Deferred charges and accrued income -€2,691
down €2,691 (-35.2%), from €7,640 to €4,949
- Reserves -€88,979
down €88,979 (-81.9%), from €108,698 to €19,719
- Tax, wage and social debts +€17,041
up €17,041 (+181%), from €9,404 to €26,445
- Other debts +€13,916
up €13,916, from €0 to €13,916
- Debts after one year +€12,820
new in 2025: €12,820
- Current portion of long-term debt +€7,307
new in 2025: €7,307
- Gross operating margin -€36,398
down €36,398 (-50.4%), from €72,288 to €35,889
- Taxes -€8,440
down €8,440 (-51.4%), from €16,414 to €7,973
- Depreciation +€2,793
up €2,793 (+44.2%), from €6,318 to €9,111
- Financial income +€1,689
up €1,689 (+134%), from €1,261 to €2,950
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 | €141,167 | €103,113 | -€38,054 | -27.0% |
| Fixed assets | 21/28 | €25,844 | €41,616 | +€15,772 | +61.0% |
| Intangible fixed assets | 21 | €2,493 | €1,628 | -€865 | -34.7% |
| Tangible fixed assets | 22/27 | €23,350 | €39,987 | +€16,637 | +71.2% |
| Land and buildings | 22 | €17,760 | €14,798 | -€2,962 | -16.7% |
| Furniture and vehicles | 24 | €5,590 | €25,189 | +€19,599 | +351% |
| Current assets | 29/58 | €115,324 | €61,497 | -€53,826 | -46.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €62,019 | €20,523 | -€41,496 | -66.9% |
| Trade receivables | 40 | €26,446 | €20,165 | -€6,281 | -23.8% |
| Other amounts receivable | 41 | €35,573 | €359 | -€35,215 | -99.0% |
| Current investments | 50/53 | €357 | €0 | -€357 | -100% |
| Cash at bank and in hand | 54/58 | €25,307 | €36,025 | +€10,717 | +42.3% |
| Deferred charges and accrued income | 490/1 | €7,640 | €4,949 | -€2,691 | -35.2% |
| Total equity and liabilities | 10/49 | €141,167 | €103,113 | -€38,054 | -27.0% |
| Equity | 10/15 | €127,298 | €38,319 | -€88,979 | -69.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,698 | €19,719 | -€88,979 | -81.9% |
| Distributable reserves | 133 | €108,698 | €19,719 | -€88,979 | -81.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,869 | €64,794 | +€50,925 | +367% |
| Amounts payable after more than one year | 17 | - | €12,820 | +€12,820 | |
| Financial debts | 170/4 | - | €12,820 | +€12,820 | |
| Amounts payable within one year | 42/48 | €13,869 | €51,513 | +€37,644 | +271% |
| Current portion of amounts payable after more than one year | 42 | - | €7,307 | +€7,307 | |
| Financial debts | 43 | €35 | €1,566 | +€1,532 | +4,422% |
| Credit institutions | 430/8 | €35 | €1,566 | +€1,532 | +4,422% |
| Trade debts | 44 | €4,430 | €2,280 | -€2,150 | -48.5% |
| Suppliers | 440/4 | €4,430 | €2,280 | -€2,150 | -48.5% |
| Taxes, remuneration and social security | 45 | €9,404 | €26,445 | +€17,041 | +181% |
| Taxes | 450/3 | €9,404 | €26,445 | +€17,041 | +181% |
| Other amounts payable | 47/48 | €0 | €13,916 | +€13,916 | |
| Accrued charges and deferred income | 492/3 | €0 | €461 | +€461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,318 | €9,111 | +€2,793 | +44.2% |
| Other operating charges | 640/8 | €1,253 | €1,009 | -€244 | -19.5% |
| Gross operating margin | 9900 | €72,288 | €35,889 | -€36,398 | -50.4% |
| Operating profit (loss) | 9901 | €64,716 | €25,769 | -€38,947 | -60.2% |
| Financial income | 75/76B | €1,261 | €2,950 | +€1,689 | +134% |
| Recurring financial income | 75 | €1,261 | €2,950 | +€1,689 | +134% |
| Financial charges | 65/66B | €571 | €1,027 | +€456 | +79.9% |
| Recurring financial charges | 65 | €571 | €1,027 | +€456 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €65,406 | €27,692 | -€37,713 | -57.7% |
| Income taxes | 67/77 | €16,414 | €7,973 | -€8,440 | -51.4% |
| Profit (loss) for the period | 9904 | €48,992 | €19,719 | -€29,273 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,992 | €19,719 | -€29,273 | -59.8% |
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 22 October 2026 via checked.be.