ALVEE: 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.
ALVEE
Largest movements
- Tangible fixed assets -€19,426
down €19,426 (-14.2%), from €136,424 to €116,997
- Trade debts +€118,877
up €118,877 (+125.6%), from €94,665 to €213,542
- Other debts -€107,500
down €107,500 (-50.1%), from €214,714 to €107,214
- Profit (loss) carried forward -€33,543
down €33,543 (-9.7%), from -€346,531 to -€380,075
- Gross operating margin -€165,237
down €165,237, from €155,202 to -€10,036
- Financial charges -€8,416
down €8,416, from €8,205 to -€210
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 | €777,302 | €754,803 | -€22,499 | -2.9% |
| Fixed assets | 21/28 | €140,237 | €120,810 | -€19,426 | -13.9% |
| Tangible fixed assets | 22/27 | €136,424 | €116,997 | -€19,426 | -14.2% |
| Land and buildings | 22 | €136,424 | €116,997 | -€19,426 | -14.2% |
| Financial fixed assets | 28 | €3,813 | €3,813 | = | 0.0% |
| Current assets | 29/58 | €637,065 | €633,993 | -€3,072 | -0.5% |
| Amounts receivable within one year | 40/41 | €636,097 | €632,971 | -€3,126 | -0.5% |
| Trade receivables | 40 | €244,700 | €246,700 | +€2,000 | +0.8% |
| Other amounts receivable | 41 | €391,396 | €386,271 | -€5,126 | -1.3% |
| Cash at bank and in hand | 54/58 | - | €165 | +€165 | |
| Deferred charges and accrued income | 490/1 | €968 | €857 | -€111 | -11.5% |
| Total equity and liabilities | 10/49 | €777,302 | €754,803 | -€22,499 | -2.9% |
| Equity | 10/15 | €467,591 | €434,047 | -€33,543 | -7.2% |
| Contributions | 10/11 | €587,000 | €587,000 | = | 0.0% |
| Reserves | 13 | €227,122 | €227,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €224,024 | €224,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€346,531 | -€380,075 | -€33,543 | -9.7% |
| Amounts payable | 17/49 | €309,711 | €320,756 | +€11,045 | +3.6% |
| Amounts payable within one year | 42/48 | €309,711 | €320,756 | +€11,045 | +3.6% |
| Financial debts | 43 | €332 | - | -€332 | |
| Credit institutions | 430/8 | €332 | - | -€332 | |
| Trade debts | 44 | €94,665 | €213,542 | +€118,877 | +125.6% |
| Suppliers | 440/4 | €94,665 | €213,542 | +€118,877 | +125.6% |
| Other amounts payable | 47/48 | €214,714 | €107,214 | -€107,500 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,581 | €19,426 | -€155 | -0.8% |
| Other operating charges | 640/8 | €5,367 | €4,292 | -€1,075 | -20.0% |
| Gross operating margin | 9900 | €155,202 | -€10,036 | -€165,237 | |
| Operating profit (loss) | 9901 | €130,254 | -€33,754 | -€164,008 | |
| Financial charges | 65/66B | €8,205 | -€210 | -€8,416 | |
| Recurring financial charges | 65 | €8,205 | -€210 | -€8,416 | |
| Profit (loss) for the period before taxes | 9903 | €122,048 | -€33,543 | -€155,592 | |
| Profit (loss) for the period | 9904 | €122,048 | -€33,543 | -€155,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,048 | -€33,543 | -€155,592 |
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 5 October 2026 via checked.be.