ALVAN DIFFUSION: what changed
Two fiscal 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.
ALVAN DIFFUSION
Largest movements
- Tangible fixed assets +€258,102
up €258,102 (+240.3%), from €107,423 to €365,525
of which Other tangible fixed assets: +€289,703
- Receivables within one year -€134,904
down €134,904 (-10.4%), from €1.3m to €1.2m
of which Trade receivables: -€125,707
- Cash +€51,403
up €51,403 (+170.9%), from €30,081 to €81,483
mainly Short-term financial debts (+€250,000) and Debts after one year (+€141,081)
- Short-term financial debts +€250,000
up €250,000, from €0 to €250,000
- Current portion of long-term debt -€236,986
down €236,986 (-86.3%), from €274,473 to €37,488
- Debts after one year +€141,081
up €141,081 (+369.1%), from €38,218 to €179,300
- Other debts -€115,529
down €115,529 (-20.2%), from €573,000 to €457,471
- Trade debts +€82,198
up €82,198 (+23.2%), from €354,341 to €436,538
- Staff costs -€75,594
down €75,594 (-10.3%), from €733,430 to €657,836
- Gross operating margin -€59,255
down €59,255 (-7.2%), from €819,030 to €759,775
- Depreciation -€9,650
down €9,650 (-14.1%), from €68,570 to €58,920
- Taxes +€8,323
up €8,323 (+104.3%), from €7,979 to €16,302
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.
Cash bridge derived
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 | €2,097,597 | €2,294,784 | +€197,188 | +9.4% |
| Fixed assets | 21/28 | €135,476 | €407,103 | +€271,626 | +200.5% |
| Tangible fixed assets | 22/27 | €107,423 | €365,525 | +€258,102 | +240.3% |
| Plant, machinery and equipment | 23 | €3,603 | €14,381 | +€10,778 | +299.1% |
| Furniture and vehicles | 24 | €103,820 | €61,441 | -€42,379 | -40.8% |
| Other tangible fixed assets | 26 | - | €289,703 | +€289,703 | |
| Financial fixed assets | 28 | €28,053 | €41,578 | +€13,524 | +48.2% |
| Current assets | 29/58 | €1,962,120 | €1,887,681 | -€74,439 | -3.8% |
| Stocks and contracts in progress | 3 | €633,118 | €625,106 | -€8,012 | -1.3% |
| Stocks | 30/36 | €633,118 | €625,106 | -€8,012 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,292,291 | €1,157,386 | -€134,904 | -10.4% |
| Trade receivables | 40 | €1,236,401 | €1,110,694 | -€125,707 | -10.2% |
| Other amounts receivable | 41 | €55,890 | €46,693 | -€9,197 | -16.5% |
| Cash at bank and in hand | 54/58 | €30,081 | €81,483 | +€51,403 | +170.9% |
| Deferred charges and accrued income | 490/1 | €6,631 | €23,706 | +€17,075 | +257.5% |
| Total equity and liabilities | 10/49 | €2,097,597 | €2,294,784 | +€197,188 | +9.4% |
| Equity | 10/15 | €705,303 | €735,997 | +€30,694 | +4.4% |
| Contributions | 10/11 | €468,600 | €468,600 | = | 0.0% |
| Reserves | 13 | €17,097 | €17,097 | = | 0.0% |
| Distributable reserves | 133 | €17,097 | €17,097 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,606 | €250,300 | +€30,694 | +14.0% |
| Amounts payable | 17/49 | €1,392,294 | €1,558,788 | +€166,493 | +12.0% |
| Amounts payable after more than one year | 17 | €38,218 | €179,300 | +€141,081 | +369.1% |
| Financial debts | 170/4 | €38,218 | €179,300 | +€141,081 | +369.1% |
| Amounts payable within one year | 42/48 | €1,327,953 | €1,379,488 | +€51,534 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €274,473 | €37,488 | -€236,986 | -86.3% |
| Financial debts | 43 | €0 | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | €0 | €250,000 | +€250,000 | |
| Trade debts | 44 | €354,341 | €436,538 | +€82,198 | +23.2% |
| Suppliers | 440/4 | €354,341 | €436,538 | +€82,198 | +23.2% |
| Taxes, remuneration and social security | 45 | €126,140 | €197,991 | +€71,851 | +57.0% |
| Taxes | 450/3 | €57,478 | €128,216 | +€70,738 | +123.1% |
| Remuneration and social security | 454/9 | €68,662 | €69,775 | +€1,114 | +1.6% |
| Other amounts payable | 47/48 | €573,000 | €457,471 | -€115,529 | -20.2% |
| Accrued charges and deferred income | 492/3 | €26,122 | €0 | -€26,122 | -100.0% |
| Non-recurring operating income | 76A | €8,678 | €0 | -€8,678 | -100.0% |
| Remuneration, social security and pensions | 62 | €733,430 | €657,836 | -€75,594 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,570 | €58,920 | -€9,650 | -14.1% |
| Other operating charges | 640/8 | €6,597 | €4,327 | -€2,270 | -34.4% |
| Gross operating margin | 9900 | €819,030 | €759,775 | -€59,255 | -7.2% |
| Operating profit (loss) | 9901 | €10,433 | €38,692 | +€28,259 | +270.9% |
| Financial income | 75/76B | €29,958 | €26,234 | -€3,724 | -12.4% |
| Recurring financial income | 75 | €29,958 | €26,234 | -€3,724 | -12.4% |
| Financial charges | 65/66B | €12,373 | €17,929 | +€5,557 | +44.9% |
| Recurring financial charges | 65 | €12,373 | €17,929 | +€5,557 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €28,018 | €46,996 | +€18,978 | +67.7% |
| Income taxes | 67/77 | €7,979 | €16,302 | +€8,323 | +104.3% |
| Profit (loss) for the period | 9904 | €20,039 | €30,694 | +€10,655 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,039 | €30,694 | +€10,655 | +53.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.