ALVAST: 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.
ALVAST
Largest movements
- Cash -€60,831
down €60,831 (-83.6%), from €72,723 to €11,892
mainly Other debts (-€59,291) and Debts after one year (-€21,840)
- Tangible fixed assets -€19,292
down €19,292 (-4.6%), from €421,933 to €402,642
of which Land and buildings: -€15,506
- Other debts -€59,291
down €59,291 (-70.3%), from €84,367 to €25,076
- Debts after one year -€21,840
down €21,840 (-7.6%), from €286,546 to €264,706
- Gross operating margin +€15,212
up €15,212 (+27.2%), from €55,961 to €71,174
- Staff costs +€4,930
up €4,930 (+18.7%), from €26,379 to €31,309
- Depreciation +€2,332
up €2,332 (+12.8%), from €18,260 to €20,592
- Other operating charges +€1,806
up €1,806 (+19.0%), from €9,506 to €11,312
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 | €511,967 | €430,571 | -€81,395 | -15.9% |
| Fixed assets | 21/28 | €422,633 | €403,342 | -€19,292 | -4.6% |
| Tangible fixed assets | 22/27 | €421,933 | €402,642 | -€19,292 | -4.6% |
| Land and buildings | 22 | €409,552 | €394,046 | -€15,506 | -3.8% |
| Plant, machinery and equipment | 23 | €0 | €1,022 | +€1,022 | |
| Furniture and vehicles | 24 | €12,382 | €7,574 | -€4,808 | -38.8% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €89,333 | €27,230 | -€62,103 | -69.5% |
| Amounts receivable within one year | 40/41 | €14,561 | €13,239 | -€1,321 | -9.1% |
| Trade receivables | 40 | €14,036 | €13,239 | -€797 | -5.7% |
| Other amounts receivable | 41 | €525 | €0 | -€525 | -100.0% |
| Cash at bank and in hand | 54/58 | €72,723 | €11,892 | -€60,831 | -83.6% |
| Deferred charges and accrued income | 490/1 | €2,050 | €2,098 | +€49 | +2.4% |
| Total equity and liabilities | 10/49 | €511,967 | €430,571 | -€81,395 | -15.9% |
| Equity | 10/15 | €80,696 | €82,284 | +€1,589 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,180 | €56,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €56,180 | €56,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,916 | €7,505 | +€1,589 | +26.9% |
| Amounts payable | 17/49 | €431,271 | €348,287 | -€82,984 | -19.2% |
| Amounts payable after more than one year | 17 | €286,546 | €264,706 | -€21,840 | -7.6% |
| Financial debts | 170/4 | €286,546 | €264,706 | -€21,840 | -7.6% |
| Amounts payable within one year | 42/48 | €144,725 | €83,581 | -€61,144 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €21,463 | €21,840 | +€377 | +1.8% |
| Trade debts | 44 | €10,162 | €5,470 | -€4,692 | -46.2% |
| Suppliers | 440/4 | €10,162 | €5,470 | -€4,692 | -46.2% |
| Advances received on contracts in progress | 46 | €9,265 | €8,165 | -€1,100 | -11.9% |
| Taxes, remuneration and social security | 45 | €19,468 | €23,030 | +€3,562 | +18.3% |
| Taxes | 450/3 | €8,995 | €11,023 | +€2,027 | +22.5% |
| Remuneration and social security | 454/9 | €10,473 | €12,007 | +€1,535 | +14.7% |
| Other amounts payable | 47/48 | €84,367 | €25,076 | -€59,291 | -70.3% |
| Remuneration, social security and pensions | 62 | €26,379 | €31,309 | +€4,930 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,260 | €20,592 | +€2,332 | +12.8% |
| Other operating charges | 640/8 | €9,506 | €11,312 | +€1,806 | +19.0% |
| Gross operating margin | 9900 | €55,961 | €71,174 | +€15,212 | +27.2% |
| Operating profit (loss) | 9901 | €1,816 | €7,962 | +€6,146 | +338.5% |
| Financial charges | 65/66B | €6,472 | €5,827 | -€645 | -10.0% |
| Recurring financial charges | 65 | €6,472 | €5,827 | -€645 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,656 | €2,134 | +€6,790 | |
| Income taxes | 67/77 | €675 | €546 | -€129 | -19.2% |
| Profit (loss) for the period | 9904 | -€5,331 | €1,589 | +€6,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,331 | €1,589 | +€6,920 |
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 10 October 2026 via checked.be.