ALVAR: 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.
What changed
ALVAR
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,544
2024 · €18,005-€16,461
Equity
€121,720
2024 · €120,176+€1,544
Cash
€4,043
2024 · €5,398-€1,355
Balance sheet total
€1.0m
2024 · €1.3m-€210,540
Largest movements
Assets
- Tangible fixed assets -€241,107
down €241,107 (-38.4%), from €627,181 to €386,074
of which Furniture and vehicles: -€158,090
- Receivables within one year +€24,604
up €24,604 (+4.1%), from €597,815 to €622,419
of which Trade receivables: +€38,155
Equity and liabilities
- Debts after one year -€184,670
down €184,670 (-34.9%), from €528,395 to €343,725
- Tax, wage and social debts -€54,096
down €54,096 (-55.0%), from €98,300 to €44,204
of which Taxes: -€30,062
- Trade debts +€26,115
up €26,115 (+26.9%), from €97,136 to €123,251
Income statement
- Turnover -€410,113
down €410,113 (-27.1%), from €1.5m to €1.1m
- Services and other goods -€141,879
down €141,879 (-16.5%), from €857,324 to €715,445
- Other operating income +€102,011
up €102,011 (+115.4%), from €88,390 to €190,401
- Staff costs -€90,902
down €90,902 (-21.3%), from €426,639 to €335,738
- Goods and materials -€26,218
down €26,218 (-37.3%), from €70,353 to €44,136
of which Purchases: -€18,963
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.
Result 2024
€18,005
Turnover
-€410,113
Other operating income
+€102,011
Goods and materials
+€26,218
Services and other goods
+€141,879
Staff costs
+€90,902
Depreciation
+€23,390
Other operating charges
+€534
Financial income
-€1,215
Financial charges
+€9,698
Taxes
+€235
Result 2025
€1,544
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.
From operations
+€97,429
Investment
+€88,248
Financing
-€187,032
Cash 2024
€5,398
From operations (derived)
+€97,429
Net result for the year
+€1,544
Depreciation
+€152,859
Stocks and contracts
-€7,255
Receivables within one year
-€24,604
Deferred charges and accrued income
-€64
Trade debts
+€26,115
Tax, wage and social debts
-€54,096
Other debts
+€488
Accrued charges and deferred income
+€2,442
Investment (derived)
+€88,248
Investment in fixed assets (net)
+€88,248
Financing
-€187,032
Debts after one year
-€184,670
Current portion of long-term debt
-€2,362
Cash 2025
€4,043
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,250,780 | €1,040,240 | -€210,540 | -16.8% |
| Fixed assets | 21/28 | €627,721 | €386,614 | -€241,107 | -38.4% |
| Tangible fixed assets | 22/27 | €627,181 | €386,074 | -€241,107 | -38.4% |
| Plant, machinery and equipment | 23 | €1,656 | €234 | -€1,422 | -85.9% |
| Furniture and vehicles | 24 | €299,344 | €141,253 | -€158,090 | -52.8% |
| Leasing and similar rights | 25 | €326,181 | €244,587 | -€81,594 | -25.0% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Other financial fixed assets | 284/8 | €540 | €540 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €623,059 | €653,626 | +€30,567 | +4.9% |
| Stocks and contracts in progress | 3 | €0 | €7,255 | +€7,255 | |
| Stocks | 30/36 | - | €7,255 | +€7,255 | |
| Raw materials and consumables | 30/31 | - | €7,255 | +€7,255 | |
| Amounts receivable within one year | 40/41 | €597,815 | €622,419 | +€24,604 | +4.1% |
| Trade receivables | 40 | €571,885 | €610,040 | +€38,155 | +6.7% |
| Other amounts receivable | 41 | €25,930 | €12,379 | -€13,551 | -52.3% |
| Cash at bank and in hand | 54/58 | €5,398 | €4,043 | -€1,355 | -25.1% |
| Deferred charges and accrued income | 490/1 | €19,845 | €19,909 | +€64 | +0.3% |
| Total equity and liabilities | 10/49 | €1,250,780 | €1,040,240 | -€210,540 | -16.8% |
| Equity | 10/15 | €120,176 | €121,720 | +€1,544 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €100,176 | €101,720 | +€1,544 | +1.5% |
| Non-distributable reserves | 130/1 | - | €922 | +€922 | |
| Reserves not available under the articles | 1311 | - | €922 | +€922 | |
| Tax-exempt reserves | 132 | €13,327 | €13,327 | = | 0.0% |
| Distributable reserves | 133 | €86,849 | €87,471 | +€622 | +0.7% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €1,130,604 | €918,520 | -€212,084 | -18.8% |
| Amounts payable after more than one year | 17 | €528,395 | €343,725 | -€184,670 | -34.9% |
| Financial debts | 170/4 | €528,395 | €343,725 | -€184,670 | -34.9% |
| Leasing and similar obligations | 172 | €244,832 | €162,412 | -€82,420 | -33.7% |
| Credit institutions | 173 | €283,563 | €181,313 | -€102,250 | -36.1% |
| Amounts payable within one year | 42/48 | €602,209 | €572,354 | -€29,855 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €187,032 | €184,670 | -€2,362 | -1.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €97,136 | €123,251 | +€26,115 | +26.9% |
| Suppliers | 440/4 | €97,136 | €123,251 | +€26,115 | +26.9% |
| Taxes, remuneration and social security | 45 | €98,300 | €44,204 | -€54,096 | -55.0% |
| Taxes | 450/3 | €43,046 | €12,983 | -€30,062 | -69.8% |
| Remuneration and social security | 454/9 | €55,254 | €31,221 | -€24,034 | -43.5% |
| Other amounts payable | 47/48 | €119,740 | €120,228 | +€488 | +0.4% |
| Accrued charges and deferred income | 492/3 | €0 | €2,442 | +€2,442 | |
| Operating income | 70/76A | €1,599,936 | €1,291,834 | -€308,103 | -19.3% |
| Turnover | 70 | €1,511,546 | €1,101,433 | -€410,113 | -27.1% |
| Other operating income | 74 | €88,390 | €190,401 | +€102,011 | +115.4% |
| Operating charges | 60/66A | €1,534,679 | €1,251,756 | -€282,923 | -18.4% |
| Goods for resale, raw materials and consumables | 60 | €70,353 | €44,136 | -€26,218 | -37.3% |
| Purchases | 600/8 | €70,353 | €51,391 | -€18,963 | -27.0% |
| Change in stocks: decrease (increase) | 609 | - | -€7,255 | -€7,255 | |
| Services and other goods | 61 | €857,324 | €715,445 | -€141,879 | -16.5% |
| Remuneration, social security and pensions | 62 | €426,639 | €335,738 | -€90,902 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,249 | €152,859 | -€23,390 | -13.3% |
| Other operating charges | 640/8 | €4,112 | €3,578 | -€534 | -13.0% |
| Operating profit (loss) | 9901 | €65,257 | €40,078 | -€25,180 | -38.6% |
| Financial income | 75/76B | €1,287 | €72 | -€1,215 | -94.4% |
| Recurring financial income | 75 | €1,287 | €72 | -€1,215 | -94.4% |
| Income from current assets | 751 | €36 | €0 | -€36 | -100.0% |
| Other financial income | 752/9 | €1,251 | €72 | -€1,179 | -94.2% |
| Financial charges | 65/66B | €44,835 | €35,136 | -€9,698 | -21.6% |
| Recurring financial charges | 65 | €44,835 | €35,136 | -€9,698 | -21.6% |
| Debt charges | 650 | €38,473 | €32,378 | -€6,095 | -15.8% |
| Other financial charges | 652/9 | €6,362 | €2,758 | -€3,604 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €21,710 | €5,014 | -€16,696 | -76.9% |
| Income taxes | 67/77 | €3,705 | €3,470 | -€235 | -6.4% |
| Taxes | 670/3 | €3,705 | €3,470 | -€235 | -6.4% |
| Profit (loss) for the period | 9904 | €18,005 | €1,544 | -€16,461 | -91.4% |
| Transfer to tax-exempt reserves | 689 | €13,327 | €0 | -€13,327 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,678 | €1,544 | -€3,134 | -67.0% |
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 7 October 2026 via checked.be.