ALVERO: 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.
ALVERO
Largest movements
- Receivables within one year -€2,866
down €2,866 (-29.7%), from €9,644 to €6,779
of which Trade receivables: -€2,368
- Cash +€2,238
up €2,238 (+133%), from €1,682 to €3,920
mainly Depreciation (+€6,417) and Other debts (+€3,650)
- Profit (loss) carried forward -€5,922
down €5,922 (-8.9%), from -€66,294 to -€72,216
- Other debts +€3,650
up €3,650 (+4.0%), from €90,321 to €93,971
- Gross operating margin +€12,559
up €12,559, from -€6,342 to €6,217
- Other operating charges +€6,549
up €6,549 (+458%), from €1,431 to €7,980
- Financial income -€3,487
down €3,487 (-57.6%), from €6,051 to €2,564
- Depreciation +€568
up €568 (+9.7%), from €5,849 to €6,417
- Financial charges -€112
down €112 (-35.6%), from €314 to €202
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 | €184,488 | €183,680 | -€808 | -0.4% |
| Fixed assets | 21/28 | €173,162 | €172,981 | -€180 | -0.1% |
| Tangible fixed assets | 22/27 | €155,162 | €154,981 | -€180 | -0.1% |
| Land and buildings | 22 | €155,162 | €154,981 | -€180 | -0.1% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €11,326 | €10,698 | -€628 | -5.5% |
| Amounts receivable within one year | 40/41 | €9,644 | €6,779 | -€2,866 | -29.7% |
| Trade receivables | 40 | €9,146 | €6,779 | -€2,368 | -25.9% |
| Other amounts receivable | 41 | €498 | €0 | -€498 | -100% |
| Cash at bank and in hand | 54/58 | €1,682 | €3,920 | +€2,238 | +133% |
| Total equity and liabilities | 10/49 | €184,488 | €183,680 | -€808 | -0.4% |
| Equity | 10/15 | €93,875 | €87,953 | -€5,922 | -6.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €80,169 | €80,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €72,169 | €72,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,294 | -€72,216 | -€5,922 | -8.9% |
| Amounts payable | 17/49 | €90,613 | €95,727 | +€5,114 | +5.6% |
| Amounts payable after more than one year | 17 | €292 | €0 | -€292 | -100% |
| Financial debts | 170/4 | €292 | €0 | -€292 | -100% |
| Amounts payable within one year | 42/48 | €90,321 | €95,062 | +€4,741 | +5.2% |
| Financial debts | 43 | - | €670 | +€670 | |
| Other loans | 439 | - | €670 | +€670 | |
| Taxes, remuneration and social security | 45 | €0 | €421 | +€421 | |
| Taxes | 450/3 | €0 | €421 | +€421 | |
| Other amounts payable | 47/48 | €90,321 | €93,971 | +€3,650 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €665 | +€665 | |
| Remuneration, social security and pensions | 62 | - | €105 | +€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,849 | €6,417 | +€568 | +9.7% |
| Other operating charges | 640/8 | €1,431 | €7,980 | +€6,549 | +458% |
| Gross operating margin | 9900 | -€6,342 | €6,217 | +€12,559 | |
| Operating profit (loss) | 9901 | -€13,622 | -€8,284 | +€5,338 | +39.2% |
| Financial income | 75/76B | €6,051 | €2,564 | -€3,487 | -57.6% |
| Recurring financial income | 75 | €6,051 | €2,564 | -€3,487 | -57.6% |
| Financial charges | 65/66B | €314 | €202 | -€112 | -35.6% |
| Recurring financial charges | 65 | €314 | €202 | -€112 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,885 | -€5,922 | +€1,963 | +24.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,885 | -€5,922 | +€1,963 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,885 | -€5,922 | +€1,963 | +24.9% |
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 26 October 2026 via checked.be.