ALVASS: 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.
ALVASS
Largest movements
- Receivables within one year +€21,936
up €21,936 (+11.3%), from €194,427 to €216,363
of which Other amounts receivable: +€27,744
- Tangible fixed assets -€14,468
down €14,468 (-2.0%), from €741,174 to €726,706
- Profit (loss) carried forward +€49,190
up €49,190 (+35.4%), from €139,072 to €188,262
- Other debts -€16,158
down €16,158 (-2.9%), from €562,297 to €546,139
- Debts after one year -€12,500
down €12,500 (-6.3%), from €200,000 to €187,500
No income-statement line moved by more than 1% of the activity.
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 | €937,537 | €949,831 | +€12,294 | +1.3% |
| Fixed assets | 21/28 | €741,174 | €726,706 | -€14,468 | -2.0% |
| Tangible fixed assets | 22/27 | €741,174 | €726,706 | -€14,468 | -2.0% |
| Land and buildings | 22 | €741,174 | €726,706 | -€14,468 | -2.0% |
| Current assets | 29/58 | €196,363 | €223,125 | +€26,762 | +13.6% |
| Amounts receivable within one year | 40/41 | €194,427 | €216,363 | +€21,936 | +11.3% |
| Trade receivables | 40 | €48,158 | €42,350 | -€5,808 | -12.1% |
| Other amounts receivable | 41 | €146,269 | €174,013 | +€27,744 | +19.0% |
| Cash at bank and in hand | 54/58 | €1,936 | €6,762 | +€4,826 | +249% |
| Total equity and liabilities | 10/49 | €937,537 | €949,831 | +€12,294 | +1.3% |
| Equity | 10/15 | €141,072 | €190,262 | +€49,190 | +34.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,072 | €188,262 | +€49,190 | +35.4% |
| Amounts payable | 17/49 | €796,465 | €759,569 | -€36,896 | -4.6% |
| Amounts payable after more than one year | 17 | €200,000 | €187,500 | -€12,500 | -6.3% |
| Financial debts | 170/4 | €200,000 | €187,500 | -€12,500 | -6.3% |
| Amounts payable within one year | 42/48 | €595,353 | €572,069 | -€23,284 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €20,556 | €13,430 | -€7,126 | -34.7% |
| Taxes | 450/3 | €20,556 | €13,430 | -€7,126 | -34.7% |
| Other amounts payable | 47/48 | €562,297 | €546,139 | -€16,158 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,112 | - | -€1,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,468 | €14,468 | = | 0.0% |
| Other operating charges | 640/8 | €1,194 | €1,215 | +€21 | +1.8% |
| Gross operating margin | 9900 | €94,695 | €95,306 | +€611 | +0.6% |
| Operating profit (loss) | 9901 | €79,033 | €79,623 | +€590 | +0.7% |
| Financial income | 75/76B | €7,779 | €8,574 | +€795 | +10.2% |
| Recurring financial income | 75 | €7,779 | €8,574 | +€795 | +10.2% |
| Financial charges | 65/66B | €8,245 | €7,859 | -€386 | -4.7% |
| Recurring financial charges | 65 | €8,245 | €7,859 | -€386 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €78,567 | €80,338 | +€1,771 | +2.3% |
| Income taxes | 67/77 | €12,638 | €13,015 | +€377 | +3.0% |
| Profit (loss) for the period | 9904 | €65,929 | €67,323 | +€1,394 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,929 | €67,323 | +€1,394 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.