ALVERP: 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.
ALVERP
Largest movements
- Tangible fixed assets -€38,525
down €38,525 (-11.5%), from €336,094 to €297,569
of which Land and buildings: -€21,964
- Cash +€14,202
up €14,202 (+146%), from €9,707 to €23,909
mainly Depreciation (+€39,360) and Net result for the year (+€26,649)
- Receivables within one year -€10,321
down €10,321 (-49.7%), from €20,777 to €10,455
of which Trade receivables: -€10,329
- Intangible fixed assets +€6,702
up €6,702 (+11.6%), from €57,627 to €64,329
- Debts after one year -€68,475
down €68,475 (-25.1%), from €273,195 to €204,720
of which Financial debts: -€43,475
- Reserves +€25,448
up €25,448 (+41.1%), from €61,889 to €87,337
- Trade debts +€13,650
up €13,650 (+352%), from €3,874 to €17,524
- Revaluation surpluses +€6,702
up €6,702 (+11.6%), from €57,627 to €64,329
- Financial charges -€1,387
down €1,387 (-12.9%), from €10,769 to €9,382
- Gross operating margin +€1,272
up €1,272 (+1.4%), from €94,153 to €95,424
- Taxes +€1,266
up €1,266 (+7.9%), from €16,058 to €17,325
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 | €424,205 | €396,262 | -€27,943 | -6.6% |
| Fixed assets | 21/28 | €393,721 | €361,897 | -€31,823 | -8.1% |
| Intangible fixed assets | 21 | €57,627 | €64,329 | +€6,702 | +11.6% |
| Tangible fixed assets | 22/27 | €336,094 | €297,569 | -€38,525 | -11.5% |
| Land and buildings | 22 | €286,321 | €264,357 | -€21,964 | -7.7% |
| Plant, machinery and equipment | 23 | €6,447 | €5,586 | -€861 | -13.4% |
| Furniture and vehicles | 24 | €43,325 | €27,626 | -€15,700 | -36.2% |
| Current assets | 29/58 | €30,484 | €34,364 | +€3,880 | +12.7% |
| Amounts receivable within one year | 40/41 | €20,777 | €10,455 | -€10,321 | -49.7% |
| Trade receivables | 40 | €20,672 | €10,343 | -€10,329 | -50.0% |
| Other amounts receivable | 41 | €104 | €112 | +€8 | +7.3% |
| Cash at bank and in hand | 54/58 | €9,707 | €23,909 | +€14,202 | +146% |
| Total equity and liabilities | 10/49 | €424,205 | €396,262 | -€27,943 | -6.6% |
| Equity | 10/15 | €81,924 | €113,715 | +€31,791 | +38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €57,627 | €64,329 | +€6,702 | +11.6% |
| Reserves | 13 | €61,889 | €87,337 | +€25,448 | +41.1% |
| Distributable reserves | 133 | €61,889 | €87,337 | +€25,448 | +41.1% |
| Profit (loss) carried forward | 14 | -€56,192 | -€56,550 | -€359 | -0.6% |
| Amounts payable | 17/49 | €342,281 | €282,547 | -€59,734 | -17.5% |
| Amounts payable after more than one year | 17 | €273,195 | €204,720 | -€68,475 | -25.1% |
| Financial debts | 170/4 | €183,195 | €139,720 | -€43,475 | -23.7% |
| Other amounts payable | 178/9 | €90,000 | €65,000 | -€25,000 | -27.8% |
| Amounts payable within one year | 42/48 | €69,086 | €77,827 | +€8,741 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €41,969 | €43,475 | +€1,506 | +3.6% |
| Trade debts | 44 | €3,874 | €17,524 | +€13,650 | +352% |
| Suppliers | 440/4 | €3,874 | €17,524 | +€13,650 | +352% |
| Taxes, remuneration and social security | 45 | €14,898 | €12,350 | -€2,549 | -17.1% |
| Taxes | 450/3 | €14,898 | €12,350 | -€2,549 | -17.1% |
| Other amounts payable | 47/48 | €8,345 | €4,479 | -€3,866 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,406 | €39,360 | -€46 | -0.1% |
| Other operating charges | 640/8 | €2,765 | €2,708 | -€57 | -2.0% |
| Gross operating margin | 9900 | €94,153 | €95,424 | +€1,272 | +1.4% |
| Operating profit (loss) | 9901 | €51,982 | €53,356 | +€1,374 | +2.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €10,769 | €9,382 | -€1,387 | -12.9% |
| Recurring financial charges | 65 | €10,769 | €9,382 | -€1,387 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €41,217 | €43,974 | +€2,757 | +6.7% |
| Income taxes | 67/77 | €16,058 | €17,325 | +€1,266 | +7.9% |
| Profit (loss) for the period | 9904 | €25,159 | €26,649 | +€1,491 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,159 | €26,649 | +€1,491 | +5.9% |
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 21 October 2026 via checked.be.