ALVAREZ Isaïa: what changed
ALVAREZ Isaïa
Largest movements
- Cash +€24,509
up €24,509 (+4,783%), from €512 to €25,021
mainly Net result for the year (+€95,784) and Tax, wage and social debts (+€32,922)
- Tangible fixed assets -€18,633
down €18,633 (-24.6%), from €75,669 to €57,036
- Receivables within one year -€11,674
down €11,674 (-5.8%), from €200,067 to €188,392
of which Other amounts receivable: -€7,465
- Other debts -€35,873
down €35,873 (-27.2%), from €131,657 to €95,784
- Tax, wage and social debts +€32,922
up €32,922 (+143%), from €23,064 to €55,986
- Debts after one year -€10,839
down €10,839 (-17.1%), from €63,544 to €52,706
- Short-term financial debts +€5,905
up €5,905 (+21.2%), from €27,919 to €33,824
- Gross operating margin -€43,853
down €43,853 (-22.8%), from €192,725 to €148,872
- Taxes -€11,078
down €11,078 (-29.5%), from €37,599 to €26,521
- Depreciation +€1,932
up €1,932 (+11.6%), from €16,701 to €18,633
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,991 | €271,014 | -€5,978 | -2.2% |
| Fixed assets | 21/28 | €75,669 | €57,036 | -€18,633 | -24.6% |
| Tangible fixed assets | 22/27 | €75,669 | €57,036 | -€18,633 | -24.6% |
| Furniture and vehicles | 24 | €75,669 | €57,036 | -€18,633 | -24.6% |
| Current assets | 29/58 | €201,322 | €213,978 | +€12,655 | +6.3% |
| Amounts receivable within one year | 40/41 | €200,067 | €188,392 | -€11,674 | -5.8% |
| Trade receivables | 40 | €20,383 | €16,174 | -€4,209 | -20.6% |
| Other amounts receivable | 41 | €179,684 | €172,219 | -€7,465 | -4.2% |
| Cash at bank and in hand | 54/58 | €512 | €25,021 | +€24,509 | +4,783% |
| Deferred charges and accrued income | 490/1 | €743 | €564 | -€180 | -24.2% |
| Total equity and liabilities | 10/49 | €276,991 | €271,014 | -€5,978 | -2.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €258,391 | €252,414 | -€5,978 | -2.3% |
| Amounts payable after more than one year | 17 | €63,544 | €52,706 | -€10,839 | -17.1% |
| Financial debts | 170/4 | €63,544 | €52,706 | -€10,839 | -17.1% |
| Amounts payable within one year | 42/48 | €194,740 | €199,553 | +€4,813 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €11,365 | €12,073 | +€708 | +6.2% |
| Financial debts | 43 | €27,919 | €33,824 | +€5,905 | +21.2% |
| Credit institutions | 430/8 | €27,919 | €33,824 | +€5,905 | +21.2% |
| Trade debts | 44 | €736 | €1,886 | +€1,150 | +156% |
| Suppliers | 440/4 | €736 | €1,886 | +€1,150 | +156% |
| Taxes, remuneration and social security | 45 | €23,064 | €55,986 | +€32,922 | +143% |
| Taxes | 450/3 | €23,064 | €55,986 | +€32,922 | +143% |
| Other amounts payable | 47/48 | €131,657 | €95,784 | -€35,873 | -27.2% |
| Accrued charges and deferred income | 492/3 | €107 | €155 | +€48 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,701 | €18,633 | +€1,932 | +11.6% |
| Other operating charges | 640/8 | - | €930 | +€930 | |
| Gross operating margin | 9900 | €192,725 | €148,872 | -€43,853 | -22.8% |
| Operating profit (loss) | 9901 | €176,024 | €129,309 | -€46,715 | -26.5% |
| Financial income | 75/76B | €4 | €9 | +€5 | +107% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +107% |
| Financial charges | 65/66B | €6,773 | €7,013 | +€240 | +3.6% |
| Recurring financial charges | 65 | €6,773 | €7,013 | +€240 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €169,256 | €122,305 | -€46,951 | -27.7% |
| Income taxes | 67/77 | €37,599 | €26,521 | -€11,078 | -29.5% |
| Profit (loss) for the period | 9904 | €131,657 | €95,784 | -€35,873 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,657 | €95,784 | -€35,873 | -27.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.