ALVICO: 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.
ALVICO
Largest movements
- Current investments +€35,439
up €35,439 (+118%), from €30,045 to €65,485
- Tangible fixed assets -€8,946
down €8,946 (-18.8%), from €47,595 to €38,649
of which Furniture and vehicles: -€8,193
- Receivables within one year +€4,803
up €4,803 (+49.5%), from €9,706 to €14,509
of which Trade receivables: +€4,247
- Cash -€4,799
down €4,799 (-26.2%), from €18,332 to €13,533
mainly Current investments (-€35,439) and Debts after one year (-€12,000)
- Reserves +€33,134
up €33,134 (+94.2%), from €35,166 to €68,300
- Debts after one year -€12,000
down €12,000 (-33.3%), from €36,000 to €24,000
- Tax, wage and social debts +€10,631
up €10,631 (+75.5%), from €14,080 to €24,710
of which Taxes: +€13,331
- Trade debts -€2,530
down €2,530 (-75.5%), from €3,353 to €823
- Short-term financial debts -€2,180
down €2,180 (-95.4%), from €2,284 to €104
- Depreciation -€1,974
down €1,974 (-13.6%), from €14,564 to €12,590
- Gross operating margin -€1,896
down €1,896 (-3.1%), from €61,768 to €59,872
- Financial charges +€1,190
up €1,190 (+70.8%), from €1,680 to €2,870
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 | €108,237 | €134,937 | +€26,700 | +24.7% |
| Fixed assets | 21/28 | €47,595 | €38,649 | -€8,946 | -18.8% |
| Tangible fixed assets | 22/27 | €47,595 | €38,649 | -€8,946 | -18.8% |
| Plant, machinery and equipment | 23 | €4,829 | €4,076 | -€753 | -15.6% |
| Furniture and vehicles | 24 | €42,766 | €34,573 | -€8,193 | -19.2% |
| Current assets | 29/58 | €60,642 | €96,288 | +€35,647 | +58.8% |
| Amounts receivable within one year | 40/41 | €9,706 | €14,509 | +€4,803 | +49.5% |
| Trade receivables | 40 | €9,692 | €13,939 | +€4,247 | +43.8% |
| Other amounts receivable | 41 | €14 | €570 | +€556 | +3,965% |
| Current investments | 50/53 | €30,045 | €65,485 | +€35,439 | +118% |
| Cash at bank and in hand | 54/58 | €18,332 | €13,533 | -€4,799 | -26.2% |
| Deferred charges and accrued income | 490/1 | €2,558 | €2,762 | +€203 | +7.9% |
| Total equity and liabilities | 10/49 | €108,237 | €134,937 | +€26,700 | +24.7% |
| Equity | 10/15 | €40,166 | €73,300 | +€33,134 | +82.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,166 | €68,300 | +€33,134 | +94.2% |
| Distributable reserves | 133 | €35,166 | €68,300 | +€33,134 | +94.2% |
| Amounts payable | 17/49 | €68,071 | €61,637 | -€6,434 | -9.5% |
| Amounts payable after more than one year | 17 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Financial debts | 170/4 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Amounts payable within one year | 42/48 | €32,071 | €37,637 | +€5,566 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 43 | €2,284 | €104 | -€2,180 | -95.4% |
| Credit institutions | 430/8 | €2,284 | €104 | -€2,180 | -95.4% |
| Trade debts | 44 | €3,353 | €823 | -€2,530 | -75.5% |
| Suppliers | 440/4 | €3,353 | €823 | -€2,530 | -75.5% |
| Taxes, remuneration and social security | 45 | €14,080 | €24,710 | +€10,631 | +75.5% |
| Taxes | 450/3 | €11,380 | €24,710 | +€13,331 | +117% |
| Remuneration and social security | 454/9 | €2,700 | €0 | -€2,700 | -100% |
| Other amounts payable | 47/48 | €355 | €0 | -€355 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,564 | €12,590 | -€1,974 | -13.6% |
| Other operating charges | 640/8 | €62 | €579 | +€517 | +834% |
| Gross operating margin | 9900 | €61,768 | €59,872 | -€1,896 | -3.1% |
| Operating profit (loss) | 9901 | €47,142 | €46,703 | -€439 | -0.9% |
| Financial income | 75/76B | €66 | €239 | +€173 | +261% |
| Recurring financial income | 75 | €66 | €239 | +€173 | +261% |
| Financial charges | 65/66B | €1,680 | €2,870 | +€1,190 | +70.8% |
| Recurring financial charges | 65 | €1,680 | €2,870 | +€1,190 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €45,528 | €44,072 | -€1,457 | -3.2% |
| Income taxes | 67/77 | €10,363 | €10,937 | +€575 | +5.5% |
| Profit (loss) for the period | 9904 | €35,166 | €33,134 | -€2,031 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,166 | €33,134 | -€2,031 | -5.8% |
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 27 October 2026 via checked.be.