ALVIG: 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.
ALVIG
Largest movements
- Cash -€63,315
down €63,315 (-20.7%), from €305,381 to €242,066
mainly Debts after one year (-€79,643) and Trade debts (-€40,267)
- Tangible fixed assets -€43,250
down €43,250 (-61.8%), from €69,935 to €26,685
of which Plant, machinery and equipment: -€30,627
- Receivables within one year -€15,922
down €15,922 (-12.6%), from €126,841 to €110,919
of which Other amounts receivable: -€11,069
- Debts after one year -€79,643
down €79,643 (-48.3%), from €165,024 to €85,381
- Tax, wage and social debts +€40,801
up €40,801 (+78.0%), from €52,327 to €93,129
of which Taxes: +€23,448
- Trade debts -€40,267
down €40,267 (-33.7%), from €119,480 to €79,213
- Short-term financial debts -€30,960
down €30,960 (-19.9%), from €155,960 to €125,000
- Current portion of long-term debt -€15,517
down €15,517 (-15.6%), from €99,446 to €83,929
- Other operating charges -€35,366
down €35,366 (-96.2%), from €36,751 to €1,384
- Financial income -€34,513
down €34,513 (-84.0%), from €41,106 to €6,592
- Staff costs +€34,123
up €34,123 (+5.1%), from €666,793 to €700,916
- Gross operating margin -€26,213
down €26,213 (-3.2%), from €810,497 to €784,284
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 | €1,066,179 | €945,848 | -€120,332 | -11.3% |
| Fixed assets | 21/28 | €591,473 | €548,223 | -€43,250 | -7.3% |
| Tangible fixed assets | 22/27 | €69,935 | €26,685 | -€43,250 | -61.8% |
| Plant, machinery and equipment | 23 | €49,837 | €19,210 | -€30,627 | -61.5% |
| Furniture and vehicles | 24 | €6,716 | €4,207 | -€2,509 | -37.4% |
| Other tangible fixed assets | 26 | €13,382 | €3,269 | -€10,113 | -75.6% |
| Financial fixed assets | 28 | €521,538 | €521,538 | = | 0.0% |
| Current assets | 29/58 | €474,706 | €397,625 | -€77,082 | -16.2% |
| Stocks and contracts in progress | 3 | €30,420 | €30,032 | -€388 | -1.3% |
| Stocks | 30/36 | €30,420 | €30,032 | -€388 | -1.3% |
| Amounts receivable within one year | 40/41 | €126,841 | €110,919 | -€15,922 | -12.6% |
| Trade receivables | 40 | €83,771 | €78,919 | -€4,853 | -5.8% |
| Other amounts receivable | 41 | €43,070 | €32,000 | -€11,069 | -25.7% |
| Cash at bank and in hand | 54/58 | €305,381 | €242,066 | -€63,315 | -20.7% |
| Deferred charges and accrued income | 490/1 | €12,065 | €14,607 | +€2,543 | +21.1% |
| Total equity and liabilities | 10/49 | €1,066,179 | €945,848 | -€120,332 | -11.3% |
| Equity | 10/15 | €461,803 | €467,866 | +€6,062 | +1.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €163,000 | €163,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,403 | €254,866 | +€12,462 | +5.1% |
| Investment grants | 15 | €6,400 | - | -€6,400 | |
| Amounts payable | 17/49 | €604,376 | €477,982 | -€126,394 | -20.9% |
| Amounts payable after more than one year | 17 | €165,024 | €85,381 | -€79,643 | -48.3% |
| Financial debts | 170/4 | €165,024 | €85,381 | -€79,643 | -48.3% |
| Amounts payable within one year | 42/48 | €439,352 | €392,601 | -€46,751 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €99,446 | €83,929 | -€15,517 | -15.6% |
| Financial debts | 43 | €155,960 | €125,000 | -€30,960 | -19.9% |
| Credit institutions | 430/8 | €155,960 | €125,000 | -€30,960 | -19.9% |
| Trade debts | 44 | €119,480 | €79,213 | -€40,267 | -33.7% |
| Suppliers | 440/4 | €119,480 | €79,213 | -€40,267 | -33.7% |
| Advances received on contracts in progress | 46 | €765 | €11,149 | +€10,385 | +1,358% |
| Taxes, remuneration and social security | 45 | €52,327 | €93,129 | +€40,801 | +78.0% |
| Taxes | 450/3 | €11,040 | €34,488 | +€23,448 | +212% |
| Remuneration and social security | 454/9 | €41,288 | €58,641 | +€17,353 | +42.0% |
| Other amounts payable | 47/48 | €11,374 | €180 | -€11,194 | -98.4% |
| Remuneration, social security and pensions | 62 | €666,793 | €700,916 | +€34,123 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,325 | €54,385 | -€2,940 | -5.1% |
| Other operating charges | 640/8 | €36,751 | €1,384 | -€35,366 | -96.2% |
| Gross operating margin | 9900 | €810,497 | €784,284 | -€26,213 | -3.2% |
| Operating profit (loss) | 9901 | €49,628 | €27,598 | -€22,030 | -44.4% |
| Financial income | 75/76B | €41,106 | €6,592 | -€34,513 | -84.0% |
| Recurring financial income | 75 | €41,106 | €6,592 | -€34,513 | -84.0% |
| Financial charges | 65/66B | €24,525 | €20,618 | -€3,907 | -15.9% |
| Recurring financial charges | 65 | €24,525 | €20,618 | -€3,907 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €66,209 | €13,572 | -€52,636 | -79.5% |
| Income taxes | 67/77 | €471 | €1,110 | +€639 | +136% |
| Profit (loss) for the period | 9904 | €65,738 | €12,462 | -€53,275 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,738 | €12,462 | -€53,275 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.