ALVERPO: 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.
ALVERPO
Largest movements
- Cash +€20,248
up €20,248 (+4,451%), from €455 to €20,703
mainly Net result for the year (+€62,488) and Tax, wage and social debts (+€27,866)
- Reserves +€62,488
up €62,488 (+9.8%), from €636,413 to €698,902
of which Distributable reserves: +€62,488
- Current portion of long-term debt -€61,378
no longer reported in 2025 (was €61,378)
- Tax, wage and social debts +€27,866
up €27,866 (+632%), from €4,406 to €32,272
- Gross operating margin +€6,340
up €6,340 (+6.6%), from €96,294 to €102,633
- Depreciation -€4,297
down €4,297 (-69.6%), from €6,169 to €1,873
- Taxes +€3,629
up €3,629 (+16.4%), from €22,108 to €25,737
- Financial charges +€2,637
up €2,637 (+27.5%), from €9,587 to €12,224
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 | €1,206,219 | €1,230,014 | +€23,795 | +2.0% |
| Fixed assets | 21/28 | €1,148,236 | €1,146,364 | -€1,873 | -0.2% |
| Tangible fixed assets | 22/27 | €10,568 | €8,695 | -€1,873 | -17.7% |
| Furniture and vehicles | 24 | €8,168 | €6,295 | -€1,873 | -22.9% |
| Other tangible fixed assets | 26 | €2,400 | €2,400 | = | 0.0% |
| Financial fixed assets | 28 | €1,137,669 | €1,137,669 | = | 0.0% |
| Current assets | 29/58 | €57,983 | €83,650 | +€25,667 | +44.3% |
| Amounts receivable within one year | 40/41 | €53,794 | €59,633 | +€5,838 | +10.9% |
| Trade receivables | 40 | €9,825 | €651 | -€9,174 | -93.4% |
| Other amounts receivable | 41 | €43,969 | €58,981 | +€15,012 | +34.1% |
| Current investments | 50/53 | €2,728 | €1,735 | -€993 | -36.4% |
| Cash at bank and in hand | 54/58 | €455 | €20,703 | +€20,248 | +4,451% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,579 | +€573 | +57.0% |
| Total equity and liabilities | 10/49 | €1,206,219 | €1,230,014 | +€23,795 | +2.0% |
| Equity | 10/15 | €986,413 | €1,048,902 | +€62,488 | +6.3% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €636,413 | €698,902 | +€62,488 | +9.8% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €601,413 | €663,902 | +€62,488 | +10.4% |
| Amounts payable | 17/49 | €219,806 | €181,112 | -€38,694 | -17.6% |
| Amounts payable within one year | 42/48 | €214,426 | €173,084 | -€41,342 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €61,378 | - | -€61,378 | |
| Trade debts | 44 | €1,551 | €2,628 | +€1,077 | +69.4% |
| Suppliers | 440/4 | €1,551 | €2,628 | +€1,077 | +69.4% |
| Taxes, remuneration and social security | 45 | €4,406 | €32,272 | +€27,866 | +632% |
| Taxes | 450/3 | €4,406 | €32,272 | +€27,866 | +632% |
| Other amounts payable | 47/48 | €147,091 | €138,184 | -€8,907 | -6.1% |
| Accrued charges and deferred income | 492/3 | €5,380 | €8,028 | +€2,648 | +49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,169 | €1,873 | -€4,297 | -69.6% |
| Other operating charges | 640/8 | €194 | €323 | +€129 | +66.7% |
| Gross operating margin | 9900 | €96,294 | €102,633 | +€6,340 | +6.6% |
| Operating profit (loss) | 9901 | €89,931 | €100,438 | +€10,507 | +11.7% |
| Financial income | 75/76B | €11 | €12 | +€1 | +9.5% |
| Recurring financial income | 75 | €11 | €12 | +€1 | +9.5% |
| Financial charges | 65/66B | €9,587 | €12,224 | +€2,637 | +27.5% |
| Recurring financial charges | 65 | €9,587 | €12,224 | +€2,637 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €80,354 | €88,226 | +€7,871 | +9.8% |
| Income taxes | 67/77 | €22,108 | €25,737 | +€3,629 | +16.4% |
| Profit (loss) for the period | 9904 | €58,246 | €62,488 | +€4,242 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,246 | €62,488 | +€4,242 | +7.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.