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 -€1,330
down €1,330 (-28.0%), from €4,752 to €3,421
of which Trade receivables: -€1,145
- Cash +€406
up €406 (+32.4%), from €1,253 to €1,659
mainly Tax, wage and social debts (+€2,229) and Receivables within one year (+€1,330)
- Profit (loss) carried forward -€3,285
down €3,285 (-18.7%), from -€17,568 to -€20,853
- Tax, wage and social debts +€2,229
up €2,229 (+40.5%), from €5,500 to €7,729
of which Remuneration and social security: +€2,200
- Accrued charges and deferred income +€620
up €620 (+25.0%), from €2,480 to €3,100
- Trade debts -€312
down €312 (-20.0%), from €1,557 to €1,245
- Other debts -€200
down €200 (-43.2%), from €463 to €263
- Gross operating margin -€709
down €709 (-37.6%), from -€1,886 to -€2,595
- Depreciation -€130
no longer reported in 2025 (was €130)
- Financial charges +€30
up €30 (+21.4%), from €140 to €170
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 | €6,691 | €5,743 | -€948 | -14.2% |
| Current assets | 29/58 | €6,691 | €5,743 | -€948 | -14.2% |
| Amounts receivable within one year | 40/41 | €4,752 | €3,421 | -€1,330 | -28.0% |
| Trade receivables | 40 | €4,567 | €3,421 | -€1,145 | -25.1% |
| Other amounts receivable | 41 | €185 | - | -€185 | |
| Cash at bank and in hand | 54/58 | €1,253 | €1,659 | +€406 | +32.4% |
| Deferred charges and accrued income | 490/1 | €686 | €662 | -€24 | -3.5% |
| Total equity and liabilities | 10/49 | €6,691 | €5,743 | -€948 | -14.2% |
| Equity | 10/15 | -€3,309 | -€6,594 | -€3,285 | -99.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,568 | -€20,853 | -€3,285 | -18.7% |
| Amounts payable | 17/49 | €10,000 | €12,336 | +€2,337 | +23.4% |
| Amounts payable within one year | 42/48 | €7,520 | €9,236 | +€1,717 | +22.8% |
| Trade debts | 44 | €1,557 | €1,245 | -€312 | -20.0% |
| Suppliers | 440/4 | €1,557 | €1,245 | -€312 | -20.0% |
| Taxes, remuneration and social security | 45 | €5,500 | €7,729 | +€2,229 | +40.5% |
| Taxes | 450/3 | - | €29 | +€29 | |
| Remuneration and social security | 454/9 | €5,500 | €7,700 | +€2,200 | +40.0% |
| Other amounts payable | 47/48 | €463 | €263 | -€200 | -43.2% |
| Accrued charges and deferred income | 492/3 | €2,480 | €3,100 | +€620 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | - | -€130 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,886 | -€2,595 | -€709 | -37.6% |
| Operating profit (loss) | 9901 | -€2,520 | -€3,115 | -€594 | -23.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €140 | €170 | +€30 | +21.4% |
| Recurring financial charges | 65 | €140 | €170 | +€30 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,661 | -€3,285 | -€624 | -23.5% |
| Profit (loss) for the period | 9904 | -€2,661 | -€3,285 | -€624 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,661 | -€3,285 | -€624 | -23.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.