ALVEARE: 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.
ALVEARE
Largest movements
- Receivables within one year -€75,251
down €75,251 (-76.7%), from €98,159 to €22,908
of which Trade receivables: -€52,618
- Intangible fixed assets -€3,030
down €3,030 (-60.1%), from €5,044 to €2,015
- Cash +€1,796
up €1,796 (+9.8%), from €18,285 to €20,081
mainly Receivables within one year (+€75,251) and Depreciation (+€3,184)
- Tangible fixed assets +€1,297
new in 2025: €1,297
- Trade debts -€64,192
down €64,192 (-71.2%), from €90,180 to €25,989
- Profit (loss) carried forward -€10,206
new in 2025: -€10,206
- Gross operating margin -€14,863
down €14,863, from €8,222 to -€6,641
- Taxes -€3,205
no longer reported in 2025 (was €3,205)
- Depreciation +€254
up €254 (+8.7%), from €2,930 to €3,184
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 | €121,489 | €46,302 | -€75,187 | -61.9% |
| Fixed assets | 21/28 | €5,044 | €3,312 | -€1,732 | -34.3% |
| Intangible fixed assets | 21 | €5,044 | €2,015 | -€3,030 | -60.1% |
| Tangible fixed assets | 22/27 | - | €1,297 | +€1,297 | |
| Plant, machinery and equipment | 23 | - | €1,297 | +€1,297 | |
| Current assets | 29/58 | €116,444 | €42,990 | -€73,455 | -63.1% |
| Amounts receivable within one year | 40/41 | €98,159 | €22,908 | -€75,251 | -76.7% |
| Trade receivables | 40 | €61,751 | €9,133 | -€52,618 | -85.2% |
| Other amounts receivable | 41 | €36,408 | €13,776 | -€22,632 | -62.2% |
| Cash at bank and in hand | 54/58 | €18,285 | €20,081 | +€1,796 | +9.8% |
| Total equity and liabilities | 10/49 | €121,489 | €46,302 | -€75,187 | -61.9% |
| Equity | 10/15 | €30,422 | €20,216 | -€10,206 | -33.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,872 | €11,872 | = | 0.0% |
| Distributable reserves | 133 | €11,872 | €11,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,206 | -€10,206 | |
| Amounts payable | 17/49 | €91,067 | €26,086 | -€64,981 | -71.4% |
| Amounts payable within one year | 42/48 | €91,067 | €26,086 | -€64,981 | -71.4% |
| Trade debts | 44 | €90,180 | €25,989 | -€64,192 | -71.2% |
| Suppliers | 440/4 | €90,180 | €25,989 | -€64,192 | -71.2% |
| Taxes, remuneration and social security | 45 | €205 | - | -€205 | |
| Taxes | 450/3 | €205 | - | -€205 | |
| Other amounts payable | 47/48 | €682 | €98 | -€584 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,930 | €3,184 | +€254 | +8.7% |
| Other operating charges | 640/8 | €165 | €150 | -€15 | -9.1% |
| Gross operating margin | 9900 | €8,222 | -€6,641 | -€14,863 | |
| Operating profit (loss) | 9901 | €5,127 | -€9,975 | -€15,102 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €221 | €231 | +€10 | +4.5% |
| Recurring financial charges | 65 | €221 | €231 | +€10 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €4,906 | -€10,206 | -€15,112 | |
| Income taxes | 67/77 | €3,205 | - | -€3,205 | |
| Profit (loss) for the period | 9904 | €1,701 | -€10,206 | -€11,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,701 | -€10,206 | -€11,907 |
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.