ALVEX: what changed
Two fiscal 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.
ALVEX
Largest movements
- Receivables within one year -€32,406
down €32,406 (-17.3%), from €187,211 to €154,805
of which Trade receivables: -€59,711
- Tangible fixed assets +€24,243
up €24,243 (+123.4%), from €19,650 to €43,893
of which Land and buildings: +€15,315
- Cash -€21,822
down €21,822 (-9.4%), from €232,238 to €210,416
mainly Accrued charges and deferred income (-€60,185) and Tax, wage and social debts (-€40,816)
- Deferred charges and accrued income +€6,873
up €6,873 (+489.2%), from €1,405 to €8,278
- Reserves +€63,928
up €63,928 (+23.6%), from €270,864 to €334,792
- Accrued charges and deferred income -€60,185
down €60,185 (-99.8%), from €60,311 to €126
- Tax, wage and social debts -€40,816
down €40,816 (-96.8%), from €42,169 to €1,353
- Trade debts +€20,127
up €20,127 (+43.7%), from €46,013 to €66,140
- Debts after one year -€5,985
down €5,985 (-49.6%), from €12,072 to €6,087
- Gross operating margin -€140,644
down €140,644 (-58.3%), from €241,199 to €100,555
- Taxes -€34,806
down €34,806 (-59.1%), from €58,880 to €24,075
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,505 | €417,392 | -€23,113 | -5.2% |
| Fixed assets | 21/28 | €19,650 | €43,893 | +€24,243 | +123.4% |
| Tangible fixed assets | 22/27 | €19,650 | €43,893 | +€24,243 | +123.4% |
| Land and buildings | 22 | - | €15,315 | +€15,315 | |
| Plant, machinery and equipment | 23 | €1,638 | €16,452 | +€14,814 | +904.5% |
| Leasing and similar rights | 25 | €18,013 | €12,127 | -€5,886 | -32.7% |
| Current assets | 29/58 | €420,854 | €373,499 | -€47,356 | -11.3% |
| Amounts receivable within one year | 40/41 | €187,211 | €154,805 | -€32,406 | -17.3% |
| Trade receivables | 40 | €177,163 | €117,452 | -€59,711 | -33.7% |
| Other amounts receivable | 41 | €10,048 | €37,353 | +€27,305 | +271.7% |
| Cash at bank and in hand | 54/58 | €232,238 | €210,416 | -€21,822 | -9.4% |
| Deferred charges and accrued income | 490/1 | €1,405 | €8,278 | +€6,873 | +489.2% |
| Total equity and liabilities | 10/49 | €440,505 | €417,392 | -€23,113 | -5.2% |
| Equity | 10/15 | €272,864 | €336,792 | +€63,928 | +23.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €270,864 | €334,792 | +€63,928 | +23.6% |
| Distributable reserves | 133 | €270,864 | €334,792 | +€63,928 | +23.6% |
| Amounts payable | 17/49 | €167,641 | €80,600 | -€87,041 | -51.9% |
| Amounts payable after more than one year | 17 | €12,072 | €6,087 | -€5,985 | -49.6% |
| Financial debts | 170/4 | €12,072 | €6,087 | -€5,985 | -49.6% |
| Amounts payable within one year | 42/48 | €95,258 | €74,387 | -€20,871 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €5,884 | €5,985 | +€100 | +1.7% |
| Trade debts | 44 | €46,013 | €66,140 | +€20,127 | +43.7% |
| Suppliers | 440/4 | €46,013 | €66,140 | +€20,127 | +43.7% |
| Advances received on contracts in progress | 46 | - | €909 | +€909 | |
| Taxes, remuneration and social security | 45 | €42,169 | €1,353 | -€40,816 | -96.8% |
| Taxes | 450/3 | €42,169 | €1,353 | -€40,816 | -96.8% |
| Other amounts payable | 47/48 | €1,192 | - | -€1,192 | |
| Accrued charges and deferred income | 492/3 | €60,311 | €126 | -€60,185 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,070 | €7,515 | +€1,445 | +23.8% |
| Other operating charges | 640/8 | €2,742 | €2,534 | -€207 | -7.6% |
| Gross operating margin | 9900 | €241,199 | €100,555 | -€140,644 | -58.3% |
| Operating profit (loss) | 9901 | €232,387 | €90,505 | -€141,882 | -61.1% |
| Financial income | 75/76B | €2 | €199 | +€196 | +8323.3% |
| Recurring financial income | 75 | €2 | €199 | +€196 | +8323.3% |
| Financial charges | 65/66B | €2,366 | €2,702 | +€335 | +14.2% |
| Recurring financial charges | 65 | €2,366 | €2,702 | +€335 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €230,023 | €88,002 | -€142,021 | -61.7% |
| Income taxes | 67/77 | €58,880 | €24,075 | -€34,806 | -59.1% |
| Profit (loss) for the period | 9904 | €171,143 | €63,928 | -€107,215 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €171,143 | €63,928 | -€107,215 | -62.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.