ALVERSYS: 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.
ALVERSYS
Largest movements
- Stocks and contracts +€109,248
up €109,248 (+44.9%), from €243,288 to €352,536
- Cash +€74,950
up €74,950 (+153%), from €49,070 to €124,020
mainly Trade debts (+€103,148) and Tax, wage and social debts (+€53,992)
- Receivables within one year +€55,265
up €55,265 (+217%), from €25,466 to €80,731
- Tangible fixed assets -€15,904
down €15,904 (-15.3%), from €103,936 to €88,031
of which Other tangible fixed assets: -€11,254
- Trade debts +€103,148
up €103,148 (+649%), from €15,889 to €119,037
- Tax, wage and social debts +€53,992
up €53,992 (+281%), from €19,231 to €73,223
of which Taxes: +€55,750
- Other debts +€53,644
new in 2025: €53,644
- Profit (loss) carried forward +€45,968
up €45,968 (+77.7%), from €59,152 to €105,120
- Debts after one year -€26,012
down €26,012 (-8.5%), from €304,286 to €278,274
- Gross operating margin +€122,149
up €122,149 (+317%), from €38,589 to €160,738
- Financial charges +€76,456
up €76,456 (+3,287%), from €2,326 to €78,783
- Taxes +€12,532
up €12,532 (+206%), from €6,086 to €18,618
- Staff costs -€7,049
down €7,049 (-87.6%), from €8,050 to €1,001
- Depreciation +€4,922
up €4,922 (+44.8%), from €10,983 to €15,904
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 | €421,807 | €645,318 | +€223,511 | +53.0% |
| Fixed assets | 21/28 | €103,936 | €88,031 | -€15,904 | -15.3% |
| Tangible fixed assets | 22/27 | €103,936 | €88,031 | -€15,904 | -15.3% |
| Plant, machinery and equipment | 23 | €661 | €369 | -€292 | -44.2% |
| Furniture and vehicles | 24 | €14,567 | €10,208 | -€4,358 | -29.9% |
| Other tangible fixed assets | 26 | €88,708 | €77,454 | -€11,254 | -12.7% |
| Current assets | 29/58 | €317,871 | €557,287 | +€239,415 | +75.3% |
| Stocks and contracts in progress | 3 | €243,288 | €352,536 | +€109,248 | +44.9% |
| Stocks | 30/36 | €243,288 | €352,536 | +€109,248 | +44.9% |
| Amounts receivable within one year | 40/41 | €25,466 | €80,731 | +€55,265 | +217% |
| Trade receivables | 40 | €25,466 | €80,731 | +€55,265 | +217% |
| Cash at bank and in hand | 54/58 | €49,070 | €124,020 | +€74,950 | +153% |
| Deferred charges and accrued income | 490/1 | €48 | - | -€48 | |
| Total equity and liabilities | 10/49 | €421,807 | €645,318 | +€223,511 | +53.0% |
| Equity | 10/15 | €65,358 | €111,326 | +€45,968 | +70.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6 | €6 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6 | €6 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €6 | +€6 | |
| Other | 1319 | €6 | - | -€6 | |
| Profit (loss) carried forward | 14 | €59,152 | €105,120 | +€45,968 | +77.7% |
| Amounts payable | 17/49 | €356,449 | €533,992 | +€177,543 | +49.8% |
| Amounts payable after more than one year | 17 | €304,286 | €278,274 | -€26,012 | -8.5% |
| Financial debts | 170/4 | €304,286 | €278,274 | -€26,012 | -8.5% |
| Amounts payable within one year | 42/48 | €52,163 | €255,718 | +€203,555 | +390% |
| Current portion of amounts payable after more than one year | 42 | €17,042 | €9,813 | -€7,229 | -42.4% |
| Trade debts | 44 | €15,889 | €119,037 | +€103,148 | +649% |
| Suppliers | 440/4 | €15,889 | €119,037 | +€103,148 | +649% |
| Taxes, remuneration and social security | 45 | €19,231 | €73,223 | +€53,992 | +281% |
| Taxes | 450/3 | €17,473 | €73,223 | +€55,750 | +319% |
| Remuneration and social security | 454/9 | €1,758 | - | -€1,758 | |
| Other amounts payable | 47/48 | - | €53,644 | +€53,644 | |
| Remuneration, social security and pensions | 62 | €8,050 | €1,001 | -€7,049 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,983 | €15,904 | +€4,922 | +44.8% |
| Other operating charges | 640/8 | €1,705 | €994 | -€711 | -41.7% |
| Gross operating margin | 9900 | €38,589 | €160,738 | +€122,149 | +317% |
| Operating profit (loss) | 9901 | €17,851 | €142,838 | +€124,987 | +700% |
| Financial income | 75/76B | €897 | €530 | -€366 | -40.8% |
| Recurring financial income | 75 | €897 | €530 | -€366 | -40.8% |
| Financial charges | 65/66B | €2,326 | €78,783 | +€76,456 | +3,287% |
| Recurring financial charges | 65 | €2,326 | €78,783 | +€76,456 | +3,287% |
| Profit (loss) for the period before taxes | 9903 | €16,422 | €64,586 | +€48,164 | +293% |
| Income taxes | 67/77 | €6,086 | €18,618 | +€12,532 | +206% |
| Profit (loss) for the period | 9904 | €10,336 | €45,968 | +€35,632 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €10,336 | €45,968 | +€35,632 | +345% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.