Alverpa: 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.
Alverpa
Largest movements
- Tangible fixed assets +€21,636
up €21,636 (+30.4%), from €71,112 to €92,748
of which Furniture and vehicles: +€25,313
- Receivables within one year +€8,022
up €8,022 (+110%), from €7,298 to €15,320
of which Other amounts receivable: +€8,017
- Cash +€6,688
up €6,688 (+35.4%), from €18,867 to €25,555
mainly Trade debts (+€20,294) and Depreciation (+€19,939)
- Stocks and contracts +€1,535
up €1,535 (+12.3%), from €12,488 to €14,022
- Trade debts +€20,294
up €20,294 (+292%), from €6,944 to €27,238
- Current portion of long-term debt +€10,683
up €10,683 (+182%), from €5,856 to €16,540
- Other debts +€10,000
up €10,000, from €0 to €10,000
- Accrued charges and deferred income -€5,535
down €5,535 (-74.0%), from €7,485 to €1,949
- Tax, wage and social debts +€5,011
up €5,011 (+24.6%), from €20,334 to €25,344
of which Remuneration and social security: +€2,695
- Staff costs +€13,158
up €13,158 (+9.5%), from €138,514 to €151,672
- Depreciation +€4,713
up €4,713 (+31.0%), from €15,226 to €19,939
- Financial charges +€2,176
up €2,176 (+76.3%), from €2,852 to €5,028
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 | €110,777 | €149,927 | +€39,150 | +35.3% |
| Fixed assets | 21/28 | €71,312 | €92,948 | +€21,636 | +30.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €71,112 | €92,748 | +€21,636 | +30.4% |
| Plant, machinery and equipment | 23 | €18,382 | €17,916 | -€466 | -2.5% |
| Furniture and vehicles | 24 | €2,255 | €27,569 | +€25,313 | +1,122% |
| Leasing and similar rights | 25 | €26,241 | €19,896 | -€6,345 | -24.2% |
| Other tangible fixed assets | 26 | €24,234 | €27,367 | +€3,134 | +12.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €39,464 | €56,979 | +€17,515 | +44.4% |
| Stocks and contracts in progress | 3 | €12,488 | €14,022 | +€1,535 | +12.3% |
| Stocks | 30/36 | €12,488 | €14,022 | +€1,535 | +12.3% |
| Amounts receivable within one year | 40/41 | €7,298 | €15,320 | +€8,022 | +110% |
| Trade receivables | 40 | €0 | €5 | +€5 | |
| Other amounts receivable | 41 | €7,298 | €15,315 | +€8,017 | +110% |
| Cash at bank and in hand | 54/58 | €18,867 | €25,555 | +€6,688 | +35.4% |
| Deferred charges and accrued income | 490/1 | €811 | €2,081 | +€1,270 | +157% |
| Total equity and liabilities | 10/49 | €110,777 | €149,927 | +€39,150 | +35.3% |
| Equity | 10/15 | €36,542 | €37,436 | +€893 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,942 | €18,836 | +€893 | +5.0% |
| Tax-exempt reserves | 132 | €112 | €112 | = | 0.0% |
| Distributable reserves | 133 | €17,830 | €18,723 | +€893 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,235 | €112,492 | +€38,257 | +51.5% |
| Amounts payable after more than one year | 17 | €33,616 | €31,420 | -€2,196 | -6.5% |
| Financial debts | 170/4 | €33,616 | €31,420 | -€2,196 | -6.5% |
| Amounts payable within one year | 42/48 | €33,134 | €79,122 | +€45,988 | +139% |
| Current portion of amounts payable after more than one year | 42 | €5,856 | €16,540 | +€10,683 | +182% |
| Trade debts | 44 | €6,944 | €27,238 | +€20,294 | +292% |
| Suppliers | 440/4 | €6,944 | €27,238 | +€20,294 | +292% |
| Taxes, remuneration and social security | 45 | €20,334 | €25,344 | +€5,011 | +24.6% |
| Taxes | 450/3 | €3,891 | €6,206 | +€2,315 | +59.5% |
| Remuneration and social security | 454/9 | €16,443 | €19,138 | +€2,695 | +16.4% |
| Other amounts payable | 47/48 | €0 | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €7,485 | €1,949 | -€5,535 | -74.0% |
| Remuneration, social security and pensions | 62 | €138,514 | €151,672 | +€13,158 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,226 | €19,939 | +€4,713 | +31.0% |
| Other operating charges | 640/8 | €10,294 | €10,978 | +€684 | +6.6% |
| Gross operating margin | 9900 | €198,963 | €198,147 | -€816 | -0.4% |
| Operating profit (loss) | 9901 | €34,929 | €15,558 | -€19,370 | -55.5% |
| Financial income | 75/76B | €78 | €504 | +€426 | +547% |
| Recurring financial income | 75 | €78 | €504 | +€426 | +547% |
| Financial charges | 65/66B | €2,852 | €5,028 | +€2,176 | +76.3% |
| Recurring financial charges | 65 | €2,852 | €5,028 | +€2,176 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €32,155 | €11,034 | -€21,120 | -65.7% |
| Income taxes | 67/77 | €122 | €141 | +€19 | +15.2% |
| Profit (loss) for the period | 9904 | €32,032 | €10,893 | -€21,139 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,032 | €10,893 | -€21,139 | -66.0% |
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.