ALVI 11: 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.
ALVI 11
Largest movements
- Cash -€3,813
down €3,813 (-21.3%), from €17,891 to €14,078
mainly Net result for the year (-€3,110) and Other debts (-€2,060)
- Tangible fixed assets -€1,922
down €1,922 (-50.0%), from €3,844 to €1,922
- Profit (loss) carried forward -€3,110
down €3,110 (-233%), from -€1,337 to -€4,447
- Other debts -€2,060
down €2,060 (-48.7%), from €4,228 to €2,168
- Tax, wage and social debts -€913
down €913 (-19.7%), from €4,634 to €3,720
- Trade debts +€390
up €390 (+57.5%), from €678 to €1,067
- Gross operating margin -€3,980
down €3,980, from €3,061 to -€919
- Other operating charges -€1,389
no longer reported in 2025 (was €1,389)
- Financial charges +€79
up €79 (+41.7%), from €189 to €268
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 | €26,803 | €21,109 | -€5,693 | -21.2% |
| Fixed assets | 21/28 | €8,044 | €6,122 | -€1,922 | -23.9% |
| Tangible fixed assets | 22/27 | €3,844 | €1,922 | -€1,922 | -50.0% |
| Other tangible fixed assets | 26 | €3,844 | €1,922 | -€1,922 | -50.0% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €18,759 | €14,987 | -€3,771 | -20.1% |
| Stocks and contracts in progress | 3 | €650 | €650 | = | 0.0% |
| Stocks | 30/36 | €650 | €650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €42 | +€42 | |
| Other amounts receivable | 41 | - | €42 | +€42 | |
| Cash at bank and in hand | 54/58 | €17,891 | €14,078 | -€3,813 | -21.3% |
| Deferred charges and accrued income | 490/1 | €218 | €218 | = | 0.0% |
| Total equity and liabilities | 10/49 | €26,803 | €21,109 | -€5,693 | -21.2% |
| Equity | 10/15 | €17,263 | €14,153 | -€3,110 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,337 | -€4,447 | -€3,110 | -233% |
| Amounts payable | 17/49 | €9,540 | €6,956 | -€2,584 | -27.1% |
| Amounts payable within one year | 42/48 | €9,540 | €6,956 | -€2,584 | -27.1% |
| Trade debts | 44 | €678 | €1,067 | +€390 | +57.5% |
| Suppliers | 440/4 | €678 | €1,067 | +€390 | +57.5% |
| Taxes, remuneration and social security | 45 | €4,634 | €3,720 | -€913 | -19.7% |
| Taxes | 450/3 | €4,634 | €3,720 | -€913 | -19.7% |
| Other amounts payable | 47/48 | €4,228 | €2,168 | -€2,060 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,922 | €1,922 | = | 0.0% |
| Other operating charges | 640/8 | €1,389 | - | -€1,389 | |
| Gross operating margin | 9900 | €3,061 | -€919 | -€3,980 | |
| Operating profit (loss) | 9901 | -€250 | -€2,842 | -€2,591 | -1,036% |
| Financial charges | 65/66B | €189 | €268 | +€79 | +41.7% |
| Recurring financial charges | 65 | €189 | €268 | +€79 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | -€440 | -€3,110 | -€2,670 | -607% |
| Profit (loss) for the period | 9904 | -€440 | -€3,110 | -€2,670 | -607% |
| Profit (loss) for the period to be appropriated | 9905 | -€440 | -€3,110 | -€2,670 | -607% |
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 23 October 2026 via checked.be.