ALVATEC: 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.
ALVATEC
Largest movements
- Cash -€50,857
down €50,857 (-33.5%), from €151,766 to €100,909
mainly Debts after one year (-€114,286) and Contributions, distributions and other (-€49,158)
- Debts after one year -€114,286
down €114,286 (-28.6%), from €400,000 to €285,715
- Reserves +€55,816
up €55,816 (+8.3%), from €676,494 to €732,310
- Gross operating margin +€31,678
up €31,678 (+19.4%), from €163,057 to €194,736
- Taxes +€12,905
up €12,905 (+34.7%), from €37,160 to €50,065
- Financial charges -€8,497
down €8,497 (-18.5%), from €46,050 to €37,553
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 | €1,674,891 | €1,624,259 | -€50,632 | -3.0% |
| Fixed assets | 21/28 | €1,501,066 | €1,500,587 | -€479 | 0.0% |
| Tangible fixed assets | 22/27 | €1,063 | €584 | -€479 | -45.1% |
| Furniture and vehicles | 24 | €1,063 | €584 | -€479 | -45.1% |
| Financial fixed assets | 28 | €1,500,003 | €1,500,003 | = | 0.0% |
| Current assets | 29/58 | €173,825 | €123,672 | -€50,153 | -28.9% |
| Amounts receivable within one year | 40/41 | €22,058 | €22,763 | +€704 | +3.2% |
| Trade receivables | 40 | €22,058 | €22,763 | +€704 | +3.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €151,766 | €100,909 | -€50,857 | -33.5% |
| Total equity and liabilities | 10/49 | €1,674,891 | €1,624,259 | -€50,632 | -3.0% |
| Equity | 10/15 | €695,244 | €751,060 | +€55,816 | +8.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €676,494 | €732,310 | +€55,816 | +8.3% |
| Distributable reserves | 133 | €676,494 | €732,310 | +€55,816 | +8.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €979,647 | €873,199 | -€106,448 | -10.9% |
| Amounts payable after more than one year | 17 | €400,000 | €285,715 | -€114,286 | -28.6% |
| Financial debts | 170/4 | €400,000 | €285,715 | -€114,286 | -28.6% |
| Amounts payable within one year | 42/48 | €546,879 | €560,670 | +€13,791 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €114,286 | €114,286 | = | 0.0% |
| Trade debts | 44 | €141 | €167 | +€26 | +18.4% |
| Suppliers | 440/4 | €141 | €167 | +€26 | +18.4% |
| Taxes, remuneration and social security | 45 | €22,638 | €30,079 | +€7,441 | +32.9% |
| Taxes | 450/3 | €22,638 | €30,079 | +€7,441 | +32.9% |
| Other amounts payable | 47/48 | €409,815 | €416,139 | +€6,324 | +1.5% |
| Accrued charges and deferred income | 492/3 | €32,767 | €26,814 | -€5,954 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €479 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,622 | €1,666 | +€44 | +2.7% |
| Gross operating margin | 9900 | €163,057 | €194,736 | +€31,678 | +19.4% |
| Operating profit (loss) | 9901 | €160,956 | €192,591 | +€31,635 | +19.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €46,050 | €37,553 | -€8,497 | -18.5% |
| Recurring financial charges | 65 | €46,050 | €37,553 | -€8,497 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €114,906 | €155,038 | +€40,132 | +34.9% |
| Income taxes | 67/77 | €37,160 | €50,065 | +€12,905 | +34.7% |
| Profit (loss) for the period | 9904 | €77,746 | €104,974 | +€27,228 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,746 | €104,974 | +€27,228 | +35.0% |
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 3 October 2026 via checked.be.