ALVERMAN & C°: 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.
ALVERMAN & C°
Largest movements
- Receivables within one year +€71,079
up €71,079 (+202%), from €35,130 to €106,209
of which Trade receivables: +€70,435
- Tangible fixed assets -€1,809
down €1,809 (-17.8%), from €10,180 to €8,372
- Other debts +€47,852
new in 2025: €47,852
- Reserves +€26,840
up €26,840 (+45.1%), from €59,495 to €86,335
- Tax, wage and social debts -€13,140
no longer reported in 2025 (was €13,140)
- Trade debts +€8,658
up €8,658 (+635%), from €1,364 to €10,023
- Profit (loss) carried forward -€3,284
no longer reported in 2025 (was €3,284)
- Gross operating margin +€20,297
up €20,297 (+135%), from €14,988 to €35,285
- Taxes +€4,982
up €4,982 (+176%), from €2,825 to €7,807
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 | €99,783 | €167,399 | +€67,617 | +67.8% |
| Fixed assets | 21/28 | €10,180 | €8,372 | -€1,809 | -17.8% |
| Tangible fixed assets | 22/27 | €10,180 | €8,372 | -€1,809 | -17.8% |
| Plant, machinery and equipment | 23 | €10,180 | €8,372 | -€1,809 | -17.8% |
| Current assets | 29/58 | €89,603 | €159,028 | +€69,425 | +77.5% |
| Amounts receivable within one year | 40/41 | €35,130 | €106,209 | +€71,079 | +202% |
| Trade receivables | 40 | €16,405 | €86,841 | +€70,435 | +429% |
| Other amounts receivable | 41 | €18,724 | €19,368 | +€644 | +3.4% |
| Cash at bank and in hand | 54/58 | €54,473 | €52,819 | -€1,654 | -3.0% |
| Total equity and liabilities | 10/49 | €99,783 | €167,399 | +€67,617 | +67.8% |
| Equity | 10/15 | €82,779 | €106,335 | +€23,556 | +28.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,495 | €86,335 | +€26,840 | +45.1% |
| Distributable reserves | 133 | €59,495 | €86,335 | +€26,840 | +45.1% |
| Profit (loss) carried forward | 14 | €3,284 | - | -€3,284 | |
| Amounts payable | 17/49 | €17,004 | €61,065 | +€44,061 | +259% |
| Amounts payable within one year | 42/48 | €14,504 | €57,874 | +€43,370 | +299% |
| Trade debts | 44 | €1,364 | €10,023 | +€8,658 | +635% |
| Suppliers | 440/4 | €1,364 | €10,023 | +€8,658 | +635% |
| Taxes, remuneration and social security | 45 | €13,140 | - | -€13,140 | |
| Taxes | 450/3 | €13,140 | - | -€13,140 | |
| Other amounts payable | 47/48 | - | €47,852 | +€47,852 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €3,190 | +€690 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,827 | €3,068 | +€241 | +8.5% |
| Other operating charges | 640/8 | €678 | €690 | +€12 | +1.8% |
| Gross operating margin | 9900 | €14,988 | €35,285 | +€20,297 | +135% |
| Operating profit (loss) | 9901 | €11,483 | €31,526 | +€20,043 | +175% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €206 | €163 | -€43 | -20.7% |
| Recurring financial charges | 65 | €206 | €163 | -€43 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €11,288 | €31,363 | +€20,075 | +178% |
| Income taxes | 67/77 | €2,825 | €7,807 | +€4,982 | +176% |
| Profit (loss) for the period | 9904 | €8,463 | €23,556 | +€15,093 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €8,463 | €23,556 | +€15,093 | +178% |
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 20 October 2026 via checked.be.