ALVEOL: 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.
ALVEOL
Largest movements
- Cash -€35,958
down €35,958 (-11.4%), from €316,591 to €280,634
mainly Debts after one year (-€110,000) and Tax, wage and social debts (-€38,672)
- Tangible fixed assets +€9,901
new in 2025: €9,901
of which Plant, machinery and equipment: +€6,918
- Receivables within one year -€4,848
down €4,848 (-3.1%), from €156,398 to €151,550
of which Trade receivables: -€53,355
- Trade debts +€160,783
up €160,783 (+183%), from €87,683 to €248,465
- Debts after one year -€110,000
down €110,000 (-100%), from €110,000 to €0
- Tax, wage and social debts -€38,672
down €38,672 (-99.6%), from €38,816 to €144
- Profit (loss) carried forward -€32,896
new in 2025: -€32,896
- Advances received -€4,867
down €4,867 (-3.7%), from €132,607 to €127,740
- Gross operating margin -€151,151
down €151,151, from €118,563 to -€32,588
- Taxes -€38,816
no longer reported in 2025 (was €38,816)
- Financial income +€1,904
up €1,904 (+124,471%), from €2 to €1,906
- Depreciation -€1,524
down €1,524 (-50.9%), from €2,992 to €1,468
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 | €472,989 | €443,990 | -€28,999 | -6.1% |
| Fixed assets | 21/28 | - | €9,901 | +€9,901 | |
| Tangible fixed assets | 22/27 | - | €9,901 | +€9,901 | |
| Plant, machinery and equipment | 23 | - | €6,918 | +€6,918 | |
| Furniture and vehicles | 24 | - | €2,983 | +€2,983 | |
| Current assets | 29/58 | €472,989 | €434,090 | -€38,900 | -8.2% |
| Amounts receivable within one year | 40/41 | €156,398 | €151,550 | -€4,848 | -3.1% |
| Trade receivables | 40 | €123,972 | €70,618 | -€53,355 | -43.0% |
| Other amounts receivable | 41 | €32,426 | €80,933 | +€48,507 | +150% |
| Cash at bank and in hand | 54/58 | €316,591 | €280,634 | -€35,958 | -11.4% |
| Deferred charges and accrued income | 490/1 | - | €1,906 | +€1,906 | |
| Total equity and liabilities | 10/49 | €472,989 | €443,990 | -€28,999 | -6.1% |
| Equity | 10/15 | €99,438 | €66,541 | -€32,896 | -33.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €87,038 | €87,038 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20 | €20 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20 | - | -€20 | |
| Other | 1319 | - | €20 | +€20 | |
| Distributable reserves | 133 | €87,018 | €87,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€32,896 | -€32,896 | |
| Amounts payable | 17/49 | €373,551 | €377,449 | +€3,897 | +1.0% |
| Amounts payable after more than one year | 17 | €110,000 | €0 | -€110,000 | -100% |
| Financial debts | 170/4 | €110,000 | €0 | -€110,000 | -100% |
| Amounts payable within one year | 42/48 | €263,551 | €376,449 | +€112,897 | +42.8% |
| Financial debts | 43 | - | €100 | +€100 | |
| Credit institutions | 430/8 | - | €100 | +€100 | |
| Trade debts | 44 | €87,683 | €248,465 | +€160,783 | +183% |
| Suppliers | 440/4 | €87,683 | €248,465 | +€160,783 | +183% |
| Advances received on contracts in progress | 46 | €132,607 | €127,740 | -€4,867 | -3.7% |
| Taxes, remuneration and social security | 45 | €38,816 | €144 | -€38,672 | -99.6% |
| Taxes | 450/3 | €38,816 | €144 | -€38,672 | -99.6% |
| Other amounts payable | 47/48 | €4,446 | €0 | -€4,446 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | €2,746 | - | -€2,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €1,468 | -€1,524 | -50.9% |
| Other operating charges | 640/8 | €484 | €530 | +€46 | +9.5% |
| Gross operating margin | 9900 | €118,563 | -€32,588 | -€151,151 | |
| Operating profit (loss) | 9901 | €115,087 | -€34,586 | -€149,673 | |
| Financial income | 75/76B | €2 | €1,906 | +€1,904 | +124,471% |
| Recurring financial income | 75 | €2 | €1,906 | +€1,904 | +124,471% |
| Financial charges | 65/66B | €279 | €216 | -€63 | -22.4% |
| Recurring financial charges | 65 | €279 | €216 | -€63 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €114,810 | -€32,896 | -€147,706 | |
| Income taxes | 67/77 | €38,816 | - | -€38,816 | |
| Profit (loss) for the period | 9904 | €75,994 | -€32,896 | -€108,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,994 | -€32,896 | -€108,890 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.