Alverass: 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.
Alverass
Largest movements
- Tangible fixed assets +€32,764
up €32,764 (+11.0%), from €298,189 to €330,953
of which Land and buildings: +€32,127
- Cash +€26,791
up €26,791 (+13.3%), from €201,585 to €228,376
mainly Net result for the year (+€58,865) and Depreciation (+€16,409)
- Reserves +€58,865
up €58,865 (+15.5%), from €380,940 to €439,805
- Tax, wage and social debts -€8,725
down €8,725 (-82.7%), from €10,545 to €1,820
of which Remuneration and social security: -€4,390
- Debts after one year +€8,588
up €8,588 (+11.4%), from €75,317 to €83,905
- Gross operating margin -€4,567
down €4,567 (-2.6%), from €172,797 to €168,230
- Staff costs +€3,239
up €3,239 (+5.7%), from €57,244 to €60,483
- Depreciation +€3,031
up €3,031 (+22.7%), from €13,378 to €16,409
- Taxes -€2,164
down €2,164 (-7.9%), from €27,335 to €25,171
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 | €509,385 | €569,320 | +€59,935 | +11.8% |
| Fixed assets | 21/28 | €298,189 | €330,953 | +€32,764 | +11.0% |
| Tangible fixed assets | 22/27 | €298,189 | €330,953 | +€32,764 | +11.0% |
| Land and buildings | 22 | €280,956 | €313,083 | +€32,127 | +11.4% |
| Furniture and vehicles | 24 | €17,233 | €17,870 | +€637 | +3.7% |
| Current assets | 29/58 | €211,196 | €238,367 | +€27,171 | +12.9% |
| Amounts receivable within one year | 40/41 | €9,269 | €9,160 | -€109 | -1.2% |
| Trade receivables | 40 | €9,269 | €6,331 | -€2,938 | -31.7% |
| Other amounts receivable | 41 | - | €2,829 | +€2,829 | |
| Cash at bank and in hand | 54/58 | €201,585 | €228,376 | +€26,791 | +13.3% |
| Deferred charges and accrued income | 490/1 | €342 | €831 | +€489 | +143% |
| Total equity and liabilities | 10/49 | €509,385 | €569,320 | +€59,935 | +11.8% |
| Equity | 10/15 | €393,340 | €452,205 | +€58,865 | +15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €380,940 | €439,805 | +€58,865 | +15.5% |
| Distributable reserves | 133 | €380,940 | €439,805 | +€58,865 | +15.5% |
| Amounts payable | 17/49 | €116,045 | €117,115 | +€1,070 | +0.9% |
| Amounts payable after more than one year | 17 | €75,317 | €83,905 | +€8,588 | +11.4% |
| Financial debts | 170/4 | €75,317 | €83,905 | +€8,588 | +11.4% |
| Amounts payable within one year | 42/48 | €39,078 | €31,560 | -€7,518 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €28,533 | €29,740 | +€1,207 | +4.2% |
| Taxes, remuneration and social security | 45 | €10,545 | €1,820 | -€8,725 | -82.7% |
| Taxes | 450/3 | €4,335 | - | -€4,335 | |
| Remuneration and social security | 454/9 | €6,210 | €1,820 | -€4,390 | -70.7% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,650 | = | 0.0% |
| Non-recurring operating income | 76A | €3,499 | - | -€3,499 | |
| Remuneration, social security and pensions | 62 | €57,244 | €60,483 | +€3,239 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,378 | €16,409 | +€3,031 | +22.7% |
| Other operating charges | 640/8 | €3,975 | €3,150 | -€825 | -20.8% |
| Gross operating margin | 9900 | €172,797 | €168,230 | -€4,567 | -2.6% |
| Operating profit (loss) | 9901 | €98,200 | €88,188 | -€10,012 | -10.2% |
| Financial charges | 65/66B | €5,191 | €4,152 | -€1,039 | -20.0% |
| Recurring financial charges | 65 | €5,191 | €4,152 | -€1,039 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €93,009 | €84,036 | -€8,973 | -9.6% |
| Income taxes | 67/77 | €27,335 | €25,171 | -€2,164 | -7.9% |
| Profit (loss) for the period | 9904 | €65,674 | €58,865 | -€6,809 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €65,674 | €58,865 | -€6,809 | -10.4% |
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 14 October 2026 via checked.be.