ALVEOLUS: 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.
ALVEOLUS
Largest movements
- Tangible fixed assets -€27,894
down €27,894 (-3.4%), from €831,366 to €803,472
of which Land and buildings: -€27,728
- Debts after one year -€33,727
down €33,727 (-5.3%), from €634,091 to €600,363
- Other debts +€11,429
up €11,429 (+6.0%), from €190,442 to €201,871
- Gross operating margin -€12,545
down €12,545 (-25.1%), from €49,967 to €37,422
- Financial charges -€1,408
down €1,408 (-11.2%), from €12,596 to €11,188
- Other operating charges +€1,243
up €1,243 (+61.7%), from €2,013 to €3,256
- Financial income +€618
up €618 (+6182900.0%), from €0 to €618
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 | €847,018 | €826,214 | -€20,804 | -2.5% |
| Fixed assets | 21/28 | €831,366 | €803,472 | -€27,894 | -3.4% |
| Tangible fixed assets | 22/27 | €831,366 | €803,472 | -€27,894 | -3.4% |
| Land and buildings | 22 | €822,074 | €794,346 | -€27,728 | -3.4% |
| Furniture and vehicles | 24 | €1,292 | €1,126 | -€166 | -12.8% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €15,653 | €22,742 | +€7,090 | +45.3% |
| Amounts receivable within one year | 40/41 | €6,810 | €12,137 | +€5,327 | +78.2% |
| Trade receivables | 40 | €6,627 | €12,137 | +€5,510 | +83.1% |
| Other amounts receivable | 41 | €183 | - | -€183 | |
| Cash at bank and in hand | 54/58 | €8,375 | €10,246 | +€1,871 | +22.3% |
| Deferred charges and accrued income | 490/1 | €468 | €359 | -€108 | -23.2% |
| Total equity and liabilities | 10/49 | €847,018 | €826,214 | -€20,804 | -2.5% |
| Equity | 10/15 | -€19,113 | -€24,836 | -€5,723 | -29.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,295 | €16,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €14,435 | €16,295 | +€1,860 | +12.9% |
| Profit (loss) carried forward | 14 | -€41,608 | -€47,331 | -€5,723 | -13.8% |
| Amounts payable | 17/49 | €866,131 | €851,050 | -€15,081 | -1.7% |
| Amounts payable after more than one year | 17 | €634,091 | €600,363 | -€33,727 | -5.3% |
| Financial debts | 170/4 | €634,091 | €600,363 | -€33,727 | -5.3% |
| Amounts payable within one year | 42/48 | €231,041 | €249,818 | +€18,777 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €35,864 | €36,511 | +€647 | +1.8% |
| Trade debts | 44 | €4,735 | €10,719 | +€5,984 | +126.4% |
| Suppliers | 440/4 | €4,735 | €10,719 | +€5,984 | +126.4% |
| Taxes, remuneration and social security | 45 | - | €717 | +€717 | |
| Taxes | 450/3 | - | €717 | +€717 | |
| Other amounts payable | 47/48 | €190,442 | €201,871 | +€11,429 | +6.0% |
| Accrued charges and deferred income | 492/3 | €999 | €869 | -€131 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,193 | €29,320 | +€127 | +0.4% |
| Other operating charges | 640/8 | €2,013 | €3,256 | +€1,243 | +61.7% |
| Gross operating margin | 9900 | €49,967 | €37,422 | -€12,545 | -25.1% |
| Operating profit (loss) | 9901 | €18,761 | €4,846 | -€13,915 | -74.2% |
| Financial income | 75/76B | €0 | €618 | +€618 | +6182900.0% |
| Recurring financial income | 75 | €0 | €618 | +€618 | +6182900.0% |
| Financial charges | 65/66B | €12,596 | €11,188 | -€1,408 | -11.2% |
| Recurring financial charges | 65 | €12,596 | €11,188 | -€1,408 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €6,164 | -€5,723 | -€11,888 | |
| Profit (loss) for the period | 9904 | €6,164 | -€5,723 | -€11,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,164 | -€5,723 | -€11,888 |
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 11 October 2026 via checked.be.