ALVARINHO: 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.
ALVARINHO
Largest movements
- Tangible fixed assets +€372,641
up €372,641 (+74.0%), from €503,524 to €876,166
of which Land and buildings: +€395,530
- Current investments -€50,107
down €50,107 (-100%), from €50,107 to €0
- Cash -€49,459
down €49,459 (-85.1%), from €58,109 to €8,650
mainly Investment in fixed assets (net) (-€467,464) and Contributions, distributions and other (-€33,944)
- Receivables within one year +€32,060
up €32,060 (+67.8%), from €47,298 to €79,358
of which Trade receivables: +€19,523
- Debts after one year +€257,011
up €257,011 (+224%), from €114,949 to €371,961
of which Financial debts: +€207,011
- Reserves +€67,798
up €67,798 (+15.6%), from €433,236 to €501,033
- Tax, wage and social debts -€13,071
down €13,071 (-36.5%), from €35,782 to €22,710
of which Taxes: -€9,795
- Depreciation +€54,905
up €54,905 (+138%), from €39,918 to €94,823
- Gross operating margin +€41,273
up €41,273 (+13.7%), from €302,283 to €343,556
- Financial income +€29,769
up €29,769 (+1,788%), from €1,665 to €31,434
- Staff costs +€27,104
up €27,104 (+28.2%), from €95,984 to €123,088
- Taxes -€9,423
down €9,423 (-18.5%), from €50,923 to €41,500
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 | €662,243 | €970,469 | +€308,226 | +46.5% |
| Fixed assets | 21/28 | €503,714 | €876,356 | +€372,641 | +74.0% |
| Tangible fixed assets | 22/27 | €503,524 | €876,166 | +€372,641 | +74.0% |
| Land and buildings | 22 | €411,201 | €806,731 | +€395,530 | +96.2% |
| Plant, machinery and equipment | 23 | €9,033 | €8,362 | -€671 | -7.4% |
| Furniture and vehicles | 24 | €65,092 | €45,389 | -€19,703 | -30.3% |
| Other tangible fixed assets | 26 | €18,199 | €15,684 | -€2,515 | -13.8% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €158,529 | €94,113 | -€64,415 | -40.6% |
| Amounts receivable within one year | 40/41 | €47,298 | €79,358 | +€32,060 | +67.8% |
| Trade receivables | 40 | €46,243 | €65,766 | +€19,523 | +42.2% |
| Other amounts receivable | 41 | €1,055 | €13,592 | +€12,537 | +1,189% |
| Current investments | 50/53 | €50,107 | €0 | -€50,107 | -100% |
| Cash at bank and in hand | 54/58 | €58,109 | €8,650 | -€49,459 | -85.1% |
| Deferred charges and accrued income | 490/1 | €3,015 | €6,105 | +€3,090 | +103% |
| Total equity and liabilities | 10/49 | €662,243 | €970,469 | +€308,226 | +46.5% |
| Equity | 10/15 | €443,236 | €511,033 | +€67,798 | +15.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €433,236 | €501,033 | +€67,798 | +15.6% |
| Distributable reserves | 133 | €433,236 | €501,033 | +€67,798 | +15.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €219,008 | €459,436 | +€240,428 | +110% |
| Amounts payable after more than one year | 17 | €114,949 | €371,961 | +€257,011 | +224% |
| Financial debts | 170/4 | €114,949 | €321,961 | +€207,011 | +180% |
| Other amounts payable | 178/9 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €102,113 | €85,252 | -€16,861 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €24,244 | €22,989 | -€1,255 | -5.2% |
| Financial debts | 43 | €7,560 | €0 | -€7,560 | -100% |
| Credit institutions | 430/8 | €7,560 | €0 | -€7,560 | -100% |
| Trade debts | 44 | €3,893 | €5,100 | +€1,207 | +31.0% |
| Suppliers | 440/4 | €3,893 | €5,100 | +€1,207 | +31.0% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €35,782 | €22,710 | -€13,071 | -36.5% |
| Taxes | 450/3 | €15,764 | €5,970 | -€9,795 | -62.1% |
| Remuneration and social security | 454/9 | €20,017 | €16,741 | -€3,276 | -16.4% |
| Other amounts payable | 47/48 | €30,635 | €34,253 | +€3,618 | +11.8% |
| Accrued charges and deferred income | 492/3 | €1,945 | €2,223 | +€277 | +14.3% |
| Remuneration, social security and pensions | 62 | €95,984 | €123,088 | +€27,104 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,918 | €94,823 | +€54,905 | +138% |
| Other operating charges | 640/8 | €5,206 | €2,280 | -€2,926 | -56.2% |
| Gross operating margin | 9900 | €302,283 | €343,556 | +€41,273 | +13.7% |
| Operating profit (loss) | 9901 | €161,176 | €123,366 | -€37,809 | -23.5% |
| Financial income | 75/76B | €1,665 | €31,434 | +€29,769 | +1,788% |
| Recurring financial income | 75 | €1,665 | €31,434 | +€29,769 | +1,788% |
| Financial charges | 65/66B | €7,064 | €11,558 | +€4,494 | +63.6% |
| Recurring financial charges | 65 | €7,064 | €11,558 | +€4,494 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €155,776 | €143,242 | -€12,534 | -8.0% |
| Income taxes | 67/77 | €50,923 | €41,500 | -€9,423 | -18.5% |
| Profit (loss) for the period | 9904 | €104,853 | €101,742 | -€3,111 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,853 | €101,742 | -€3,111 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.