Alvéoles: 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.
Alvéoles
Largest movements
- Cash +€29,310
up €29,310 (+131%), from €22,349 to €51,659
mainly Net result for the year (+€25,008) and Receivables within one year (+€8,342)
- Receivables within one year -€8,342
down €8,342 (-88.9%), from €9,380 to €1,038
of which Other amounts receivable: -€8,912
- Tangible fixed assets +€2,541
up €2,541 (+34.7%), from €7,320 to €9,860
- Reserves +€25,000
up €25,000 (+63.1%), from €39,600 to €64,600
- Trade debts -€1,252
down €1,252 (-85.9%), from €1,458 to €206
- Gross operating margin +€10,893
up €10,893 (+44.9%), from €24,279 to €35,172
- Taxes +€3,190
up €3,190 (+97.4%), from €3,274 to €6,463
- Financial charges -€720
down €720 (-57.5%), from €1,253 to €533
- Depreciation +€636
up €636 (+30.8%), from €2,066 to €2,702
- Other operating charges +€402
up €402 (+630%), from €64 to €465
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 | €46,708 | €70,314 | +€23,606 | +50.5% |
| Fixed assets | 21/28 | €7,320 | €9,860 | +€2,541 | +34.7% |
| Tangible fixed assets | 22/27 | €7,320 | €9,860 | +€2,541 | +34.7% |
| Furniture and vehicles | 24 | €7,320 | €9,860 | +€2,541 | +34.7% |
| Current assets | 29/58 | €39,388 | €60,454 | +€21,066 | +53.5% |
| Amounts receivable within one year | 40/41 | €9,380 | €1,038 | -€8,342 | -88.9% |
| Trade receivables | 40 | €331 | €901 | +€570 | +172% |
| Other amounts receivable | 41 | €9,049 | €137 | -€8,912 | -98.5% |
| Cash at bank and in hand | 54/58 | €22,349 | €51,659 | +€29,310 | +131% |
| Deferred charges and accrued income | 490/1 | €7,660 | €7,757 | +€97 | +1.3% |
| Total equity and liabilities | 10/49 | €46,708 | €70,314 | +€23,606 | +50.5% |
| Equity | 10/15 | €44,949 | €69,957 | +€25,008 | +55.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €39,600 | €64,600 | +€25,000 | +63.1% |
| Distributable reserves | 133 | €39,600 | €64,600 | +€25,000 | +63.1% |
| Profit (loss) carried forward | 14 | €1,349 | €1,357 | +€8 | +0.6% |
| Amounts payable | 17/49 | €1,759 | €357 | -€1,402 | -79.7% |
| Amounts payable within one year | 42/48 | €1,759 | €357 | -€1,402 | -79.7% |
| Financial debts | 43 | €150 | - | -€150 | |
| Credit institutions | 430/8 | €150 | - | -€150 | |
| Trade debts | 44 | €1,458 | €206 | -€1,252 | -85.9% |
| Suppliers | 440/4 | €1,458 | €206 | -€1,252 | -85.9% |
| Other amounts payable | 47/48 | €151 | €151 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €2,702 | +€636 | +30.8% |
| Other operating charges | 640/8 | €64 | €465 | +€402 | +630% |
| Gross operating margin | 9900 | €24,279 | €35,172 | +€10,893 | +44.9% |
| Operating profit (loss) | 9901 | €22,149 | €32,004 | +€9,855 | +44.5% |
| Financial charges | 65/66B | €1,253 | €533 | -€720 | -57.5% |
| Recurring financial charges | 65 | €1,253 | €533 | -€720 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €20,896 | €31,471 | +€10,576 | +50.6% |
| Income taxes | 67/77 | €3,274 | €6,463 | +€3,190 | +97.4% |
| Profit (loss) for the period | 9904 | €17,622 | €25,008 | +€7,386 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,622 | €25,008 | +€7,386 | +41.9% |
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 25 October 2026 via checked.be.