ALVEUS: 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.
ALVEUS
Largest movements
- Cash +€18,238
up €18,238 (+499%), from €3,653 to €21,891
mainly Net result for the year (+€49,827) and Depreciation (+€30,249)
- Stocks and contracts -€15,555
no longer reported in 2023 (was €15,555)
- Tangible fixed assets -€15,091
down €15,091 (-20.8%), from €72,431 to €57,341
of which Land and buildings: -€15,976
- Receivables within one year -€14,562
down €14,562 (-26.3%), from €55,442 to €40,880
of which Trade receivables: -€14,850
- Trade debts -€73,377
down €73,377 (-32.4%), from €226,706 to €153,329
- Profit (loss) carried forward +€49,827
up €49,827 (+14.4%), from -€345,402 to -€295,575
- Debts after one year -€22,611
down €22,611 (-36.5%), from €62,015 to €39,404
- Other debts +€20,259
up €20,259 (+1,507%), from €1,344 to €21,604
- Tax, wage and social debts -€1,683
down €1,683 (-3.2%), from €53,059 to €51,377
of which Taxes: -€3,229
- Gross operating margin +€93,042
up €93,042, from -€5,173 to €87,869
- Staff costs -€54,055
down €54,055 (-93.3%), from €57,939 to €3,884
- Financial income -€10,845
down €10,845 (-100.0%), from €10,845 to €0
of which Non-recurring financial income: -€10,614
- Financial charges -€9,672
down €9,672 (-75.9%), from €12,751 to €3,079
of which Financial charges: -€5,516
- Other operating charges -€9,230
down €9,230 (-92.0%), from €10,037 to €808
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,725 | €126,603 | -€27,122 | -17.6% |
| Fixed assets | 21/28 | €77,767 | €62,677 | -€15,091 | -19.4% |
| Tangible fixed assets | 22/27 | €72,431 | €57,341 | -€15,091 | -20.8% |
| Land and buildings | 22 | €51,548 | €35,571 | -€15,976 | -31.0% |
| Plant, machinery and equipment | 23 | €6,394 | €4,514 | -€1,881 | -29.4% |
| Furniture and vehicles | 24 | €14,489 | €13,771 | -€718 | -5.0% |
| Other tangible fixed assets | 26 | - | €3,485 | +€3,485 | |
| Financial fixed assets | 28 | €5,336 | €5,336 | = | 0.0% |
| Current assets | 29/58 | €75,958 | €63,927 | -€12,031 | -15.8% |
| Stocks and contracts in progress | 3 | €15,555 | - | -€15,555 | |
| Stocks | 30/36 | €15,555 | - | -€15,555 | |
| Amounts receivable within one year | 40/41 | €55,442 | €40,880 | -€14,562 | -26.3% |
| Trade receivables | 40 | €46,772 | €31,922 | -€14,850 | -31.7% |
| Other amounts receivable | 41 | €8,670 | €8,958 | +€287 | +3.3% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,653 | €21,891 | +€18,238 | +499% |
| Deferred charges and accrued income | 490/1 | €807 | €655 | -€152 | -18.8% |
| Total equity and liabilities | 10/49 | €153,725 | €126,603 | -€27,122 | -17.6% |
| Equity | 10/15 | -€234,042 | -€184,215 | +€49,827 | +21.3% |
| Contributions | 10/11 | €111,360 | €111,360 | = | 0.0% |
| Capital | 10 | €111,360 | €111,360 | = | 0.0% |
| Issued capital | 100 | €111,360 | €111,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€345,402 | -€295,575 | +€49,827 | +14.4% |
| Amounts payable | 17/49 | €387,767 | €310,818 | -€76,949 | -19.8% |
| Amounts payable after more than one year | 17 | €62,015 | €39,404 | -€22,611 | -36.5% |
| Financial debts | 170/4 | €62,015 | €39,404 | -€22,611 | -36.5% |
| Amounts payable within one year | 42/48 | €302,868 | €248,920 | -€53,949 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €21,759 | €22,611 | +€852 | +3.9% |
| Trade debts | 44 | €226,706 | €153,329 | -€73,377 | -32.4% |
| Suppliers | 440/4 | €226,706 | €153,329 | -€73,377 | -32.4% |
| Taxes, remuneration and social security | 45 | €53,059 | €51,377 | -€1,683 | -3.2% |
| Taxes | 450/3 | €13,136 | €9,907 | -€3,229 | -24.6% |
| Remuneration and social security | 454/9 | €39,923 | €41,469 | +€1,547 | +3.9% |
| Other amounts payable | 47/48 | €1,344 | €21,604 | +€20,259 | +1,507% |
| Accrued charges and deferred income | 492/3 | €22,884 | €22,494 | -€390 | -1.7% |
| Remuneration, social security and pensions | 62 | €57,939 | €3,884 | -€54,055 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,497 | €30,249 | +€1,752 | +6.1% |
| Other operating charges | 640/8 | €10,037 | €808 | -€9,230 | -92.0% |
| Non-recurring operating charges | 66A | €8,483 | - | -€8,483 | |
| Gross operating margin | 9900 | -€5,173 | €87,869 | +€93,042 | |
| Operating profit (loss) | 9901 | -€110,129 | €52,928 | +€163,057 | |
| Financial income | 75/76B | €10,845 | €0 | -€10,845 | -100.0% |
| Recurring financial income | 75 | €231 | €0 | -€231 | -100.0% |
| Non-recurring financial income | 76B | €10,614 | - | -€10,614 | |
| Financial charges | 65/66B | €12,751 | €3,079 | -€9,672 | -75.9% |
| Recurring financial charges | 65 | €8,596 | €3,079 | -€5,516 | -64.2% |
| Non-recurring financial charges | 66B | €4,156 | - | -€4,156 | |
| Profit (loss) for the period before taxes | 9903 | -€112,036 | €49,849 | +€161,884 | |
| Income taxes | 67/77 | €257 | €21 | -€236 | -91.7% |
| Profit (loss) for the period | 9904 | -€112,293 | €49,827 | +€162,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,293 | €49,827 | +€162,120 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.