ALVANCO: 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.
ALVANCO
Largest movements
- Stocks and contracts -€125,528
down €125,528 (-100.0%), from €125,528 to €0
- Tangible fixed assets -€9,802
down €9,802 (-60.2%), from €16,296 to €6,494
- Receivables within one year -€7,933
down €7,933 (-98.7%), from €8,038 to €105
of which Trade receivables: -€5,000
- Cash +€7,374
up €7,374 (+11.4%), from €64,866 to €72,240
mainly Stocks and contracts (+€125,528) and Net result for the year (+€14,915)
- Current portion of long-term debt -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Debts after one year -€75,000
down €75,000 (-57.7%), from €130,000 to €55,000
- Profit (loss) carried forward +€14,915
up €14,915 (+16.5%), from -€90,549 to -€75,634
- Other debts +€7,366
up €7,366 (+38.0%), from €19,395 to €26,761
- Tax, wage and social debts -€3,334
down €3,334 (-91.2%), from €3,658 to €323
of which Remuneration and social security: -€3,000
- Gross operating margin +€69,409
up €69,409, from -€44,660 to €24,749
- Other operating charges +€4,815
up €4,815 (+670.1%), from €719 to €5,534
- Financial charges -€1,838
down €1,838 (-61.0%), from €3,014 to €1,176
- Depreciation -€1,725
down €1,725 (-35.6%), from €4,851 to €3,127
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 | €218,782 | €81,737 | -€137,045 | -62.6% |
| Fixed assets | 21/28 | €20,350 | €9,392 | -€10,958 | -53.8% |
| Intangible fixed assets | 21 | €4,054 | €2,898 | -€1,156 | -28.5% |
| Tangible fixed assets | 22/27 | €16,296 | €6,494 | -€9,802 | -60.2% |
| Furniture and vehicles | 24 | €16,296 | €6,494 | -€9,802 | -60.2% |
| Current assets | 29/58 | €198,432 | €72,345 | -€126,087 | -63.5% |
| Stocks and contracts in progress | 3 | €125,528 | €0 | -€125,528 | -100.0% |
| Stocks | 30/36 | €125,528 | €0 | -€125,528 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,038 | €105 | -€7,933 | -98.7% |
| Trade receivables | 40 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts receivable | 41 | €3,038 | €105 | -€2,933 | -96.6% |
| Cash at bank and in hand | 54/58 | €64,866 | €72,240 | +€7,374 | +11.4% |
| Total equity and liabilities | 10/49 | €218,782 | €81,737 | -€137,045 | -62.6% |
| Equity | 10/15 | -€15,549 | -€634 | +€14,915 | +95.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,549 | -€75,634 | +€14,915 | +16.5% |
| Amounts payable | 17/49 | €234,331 | €82,371 | -€151,961 | -64.8% |
| Amounts payable after more than one year | 17 | €130,000 | €55,000 | -€75,000 | -57.7% |
| Financial debts | 170/4 | €130,000 | €55,000 | -€75,000 | -57.7% |
| Amounts payable within one year | 42/48 | €103,052 | €27,371 | -€75,682 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €0 | -€80,000 | -100.0% |
| Trade debts | 44 | - | €287 | +€287 | |
| Suppliers | 440/4 | - | €287 | +€287 | |
| Taxes, remuneration and social security | 45 | €3,658 | €323 | -€3,334 | -91.2% |
| Taxes | 450/3 | €658 | €323 | -€334 | -50.8% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €19,395 | €26,761 | +€7,366 | +38.0% |
| Accrued charges and deferred income | 492/3 | €1,279 | €0 | -€1,279 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,851 | €3,127 | -€1,725 | -35.6% |
| Other operating charges | 640/8 | €719 | €5,534 | +€4,815 | +670.1% |
| Gross operating margin | 9900 | -€44,660 | €24,749 | +€69,409 | |
| Operating profit (loss) | 9901 | -€50,230 | €16,088 | +€66,318 | |
| Financial income | 75/76B | €5 | €3 | -€2 | -40.0% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -40.0% |
| Financial charges | 65/66B | €3,014 | €1,176 | -€1,838 | -61.0% |
| Recurring financial charges | 65 | €3,014 | €1,176 | -€1,838 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,239 | €14,915 | +€68,154 | |
| Income taxes | 67/77 | €96 | €0 | -€96 | -100.0% |
| Profit (loss) for the period | 9904 | -€53,335 | €14,915 | +€68,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,335 | €14,915 | +€68,250 |
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 4 October 2026 via checked.be.