ALVEBO: 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.
ALVEBO
Largest movements
- Cash +€142,498
up €142,498 (+67.3%), from €211,718 to €354,216
mainly Net result for the year (+€328,337) and Other debts (+€106,092)
- Tangible fixed assets +€120,677
up €120,677 (+80.4%), from €150,060 to €270,738
of which Leasing and similar rights: +€117,630
- Receivables within one year +€54,231
up €54,231 (+8.2%), from €659,609 to €713,839
of which Trade receivables: +€67,389
- Other debts +€106,092
up €106,092 (+57.6%), from €184,155 to €290,248
- Debts after one year +€88,476
up €88,476 (+130%), from €67,973 to €156,448
- Trade debts +€53,945
up €53,945 (+8.5%), from €634,066 to €688,010
- Current portion of long-term debt +€37,880
up €37,880 (+151%), from €25,162 to €63,043
- Reserves +€28,337
up €28,337 (+14.5%), from €195,032 to €223,369
- Gross operating margin +€73,561
up €73,561 (+19.8%), from €371,446 to €445,007
- Write-downs +€42,888
up €42,888, from -€37,000 to €5,888
- Depreciation +€14,428
up €14,428 (+30.5%), from €47,297 to €61,726
- Taxes +€5,093
up €5,093 (+40.9%), from €12,463 to €17,556
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 | €1,476,246 | €1,797,013 | +€320,767 | +21.7% |
| Fixed assets | 21/28 | €599,658 | €720,336 | +€120,677 | +20.1% |
| Tangible fixed assets | 22/27 | €150,060 | €270,738 | +€120,677 | +80.4% |
| Plant, machinery and equipment | 23 | €5,710 | €8,754 | +€3,044 | +53.3% |
| Furniture and vehicles | 24 | €90,068 | €90,071 | +€4 | 0.0% |
| Leasing and similar rights | 25 | €54,283 | €171,913 | +€117,630 | +217% |
| Financial fixed assets | 28 | €449,598 | €449,598 | = | 0.0% |
| Current assets | 29/58 | €876,588 | €1,076,677 | +€200,090 | +22.8% |
| Amounts receivable within one year | 40/41 | €659,609 | €713,839 | +€54,231 | +8.2% |
| Trade receivables | 40 | €612,674 | €680,062 | +€67,389 | +11.0% |
| Other amounts receivable | 41 | €46,935 | €33,777 | -€13,158 | -28.0% |
| Cash at bank and in hand | 54/58 | €211,718 | €354,216 | +€142,498 | +67.3% |
| Deferred charges and accrued income | 490/1 | €5,261 | €8,622 | +€3,362 | +63.9% |
| Total equity and liabilities | 10/49 | €1,476,246 | €1,797,013 | +€320,767 | +21.7% |
| Equity | 10/15 | €518,541 | €546,878 | +€28,337 | +5.5% |
| Contributions | 10/11 | €323,509 | €323,509 | = | 0.0% |
| Reserves | 13 | €195,032 | €223,369 | +€28,337 | +14.5% |
| Distributable reserves | 133 | €195,032 | €223,369 | +€28,337 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €957,705 | €1,250,135 | +€292,430 | +30.5% |
| Amounts payable after more than one year | 17 | €67,973 | €156,448 | +€88,476 | +130% |
| Financial debts | 170/4 | €67,973 | €156,448 | +€88,476 | +130% |
| Amounts payable within one year | 42/48 | €875,899 | €1,079,150 | +€203,251 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €25,162 | €63,043 | +€37,880 | +151% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €634,066 | €688,010 | +€53,945 | +8.5% |
| Suppliers | 440/4 | €634,066 | €688,010 | +€53,945 | +8.5% |
| Taxes, remuneration and social security | 45 | €32,516 | €37,849 | +€5,333 | +16.4% |
| Taxes | 450/3 | €25,819 | €35,284 | +€9,465 | +36.7% |
| Remuneration and social security | 454/9 | €6,697 | €2,565 | -€4,132 | -61.7% |
| Other amounts payable | 47/48 | €184,155 | €290,248 | +€106,092 | +57.6% |
| Accrued charges and deferred income | 492/3 | €13,833 | €14,537 | +€704 | +5.1% |
| Non-recurring operating income | 76A | - | €850 | +€850 | |
| Remuneration, social security and pensions | 62 | -€564 | €3,129 | +€3,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,297 | €61,726 | +€14,428 | +30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,000 | €5,888 | +€42,888 | |
| Other operating charges | 640/8 | €17,669 | €17,682 | +€13 | +0.1% |
| Non-recurring operating charges | 66A | €1,442 | €0 | -€1,442 | -100% |
| Gross operating margin | 9900 | €371,446 | €445,007 | +€73,561 | +19.8% |
| Operating profit (loss) | 9901 | €342,602 | €356,583 | +€13,981 | +4.1% |
| Financial income | 75/76B | €0 | €606 | +€606 | |
| Recurring financial income | 75 | €0 | €606 | +€606 | |
| Financial charges | 65/66B | €14,927 | €11,295 | -€3,632 | -24.3% |
| Recurring financial charges | 65 | €14,927 | €11,295 | -€3,632 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €327,675 | €345,893 | +€18,219 | +5.6% |
| Income taxes | 67/77 | €12,463 | €17,556 | +€5,093 | +40.9% |
| Profit (loss) for the period | 9904 | €315,212 | €328,337 | +€13,125 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €315,212 | €328,337 | +€13,125 | +4.2% |
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 22 October 2026 via checked.be.