ALVEOLEX: 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.
ALVEOLEX
Largest movements
- Receivables within one year +€108,522
up €108,522 (+211%), from €51,449 to €159,971
of which Other amounts receivable: +€92,775
- Cash -€38,389
down €38,389 (-37.2%), from €103,156 to €64,766
mainly Receivables within one year (-€108,522) and Other debts (-€75,000)
- Profit (loss) carried forward +€99,750
up €99,750 (+193%), from €51,635 to €151,384
- Other debts -€75,000
no longer reported in 2025 (was €75,000)
- Provisions +€47,600
new in 2025: €47,600
- Tax, wage and social debts +€4,400
up €4,400 (+12.1%), from €36,269 to €40,669
- Debts after one year -€4,321
down €4,321 (-51.3%), from €8,423 to €4,101
- Gross operating margin +€107,132
up €107,132 (+135%), from €79,110 to €186,242
- Provisions +€47,600
new in 2025: €47,600
- Taxes +€14,143
up €14,143 (+81.9%), from €17,263 to €31,406
- Financial income +€2,443
up €2,443 (+279%), from €876 to €3,319
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 | €183,628 | €252,640 | +€69,012 | +37.6% |
| Fixed assets | 21/28 | €28,002 | €26,755 | -€1,247 | -4.5% |
| Tangible fixed assets | 22/27 | €28,002 | €26,755 | -€1,247 | -4.5% |
| Plant, machinery and equipment | 23 | - | €7,097 | +€7,097 | |
| Furniture and vehicles | 24 | €26,778 | €18,599 | -€8,179 | -30.5% |
| Other tangible fixed assets | 26 | €1,225 | €1,059 | -€166 | -13.6% |
| Current assets | 29/58 | €155,626 | €225,885 | +€70,260 | +45.1% |
| Amounts receivable within one year | 40/41 | €51,449 | €159,971 | +€108,522 | +211% |
| Trade receivables | 40 | €19,824 | €35,570 | +€15,747 | +79.4% |
| Other amounts receivable | 41 | €31,626 | €124,401 | +€92,775 | +293% |
| Cash at bank and in hand | 54/58 | €103,156 | €64,766 | -€38,389 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,021 | €1,148 | +€127 | +12.5% |
| Total equity and liabilities | 10/49 | €183,628 | €252,640 | +€69,012 | +37.6% |
| Equity | 10/15 | €55,635 | €155,384 | +€99,750 | +179% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,635 | €151,384 | +€99,750 | +193% |
| Provisions and deferred taxes | 16 | - | €47,600 | +€47,600 | |
| Provisions for liabilities and charges | 160/5 | - | €47,600 | +€47,600 | |
| Other liabilities and charges | 164/5 | - | €47,600 | +€47,600 | |
| Amounts payable | 17/49 | €127,993 | €49,656 | -€78,337 | -61.2% |
| Amounts payable after more than one year | 17 | €8,423 | €4,101 | -€4,321 | -51.3% |
| Financial debts | 170/4 | €8,423 | €4,101 | -€4,321 | -51.3% |
| Amounts payable within one year | 42/48 | €119,571 | €45,539 | -€74,032 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,321 | +€154 | +3.7% |
| Trade debts | 44 | €4,134 | €549 | -€3,586 | -86.7% |
| Suppliers | 440/4 | €4,134 | €549 | -€3,586 | -86.7% |
| Taxes, remuneration and social security | 45 | €36,269 | €40,669 | +€4,400 | +12.1% |
| Taxes | 450/3 | €36,269 | €40,669 | +€4,400 | +12.1% |
| Other amounts payable | 47/48 | €75,000 | - | -€75,000 | |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,936 | €9,637 | +€701 | +7.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €47,600 | +€47,600 | |
| Other operating charges | 640/8 | - | €635 | +€635 | |
| Gross operating margin | 9900 | €79,110 | €186,242 | +€107,132 | +135% |
| Operating profit (loss) | 9901 | €70,175 | €128,371 | +€58,196 | +82.9% |
| Financial income | 75/76B | €876 | €3,319 | +€2,443 | +279% |
| Recurring financial income | 75 | €876 | €3,319 | +€2,443 | +279% |
| Financial charges | 65/66B | €1,188 | €534 | -€654 | -55.1% |
| Recurring financial charges | 65 | €1,188 | €534 | -€654 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €69,863 | €131,156 | +€61,293 | +87.7% |
| Income taxes | 67/77 | €17,263 | €31,406 | +€14,143 | +81.9% |
| Profit (loss) for the period | 9904 | €52,600 | €99,750 | +€47,149 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,600 | €99,750 | +€47,149 | +89.6% |
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 23 October 2026 via checked.be.