ALVIGI: 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.
ALVIGI
Largest movements
- Tangible fixed assets -€4,376
down €4,376 (-45.4%), from €9,634 to €5,258
- Receivables within one year +€3,772
up €3,772 (+149%), from €2,524 to €6,296
of which Trade receivables: +€2,797
- Cash +€2,622
up €2,622 (+1,063%), from €247 to €2,869
mainly Other debts (+€16,977) and Depreciation (+€4,376)
- Other debts +€16,977
up €16,977 (+38.6%), from €44,002 to €60,979
- Profit (loss) carried forward -€16,789
down €16,789 (-40.4%), from -€41,540 to -€58,329
- Trade debts +€1,915
up €1,915 (+25.2%), from €7,608 to €9,523
- Gross operating margin -€5,048
down €5,048 (-87.3%), from -€5,779 to -€10,827
- Depreciation -€1,951
down €1,951 (-30.8%), from €6,328 to €4,376
- Financial charges -€189
down €189 (-14.5%), from €1,301 to €1,112
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 | €12,405 | €14,422 | +€2,018 | +16.3% |
| Fixed assets | 21/28 | €9,634 | €5,258 | -€4,376 | -45.4% |
| Tangible fixed assets | 22/27 | €9,634 | €5,258 | -€4,376 | -45.4% |
| Furniture and vehicles | 24 | €9,634 | €5,258 | -€4,376 | -45.4% |
| Current assets | 29/58 | €2,771 | €9,165 | +€6,394 | +231% |
| Amounts receivable within one year | 40/41 | €2,524 | €6,296 | +€3,772 | +149% |
| Trade receivables | 40 | €399 | €3,196 | +€2,797 | +700% |
| Other amounts receivable | 41 | €2,125 | €3,100 | +€975 | +45.9% |
| Cash at bank and in hand | 54/58 | €247 | €2,869 | +€2,622 | +1,063% |
| Total equity and liabilities | 10/49 | €12,405 | €14,422 | +€2,018 | +16.3% |
| Equity | 10/15 | -€39,540 | -€56,329 | -€16,789 | -42.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,540 | -€58,329 | -€16,789 | -40.4% |
| Amounts payable | 17/49 | €51,945 | €70,751 | +€18,807 | +36.2% |
| Amounts payable within one year | 42/48 | €51,945 | €70,751 | +€18,807 | +36.2% |
| Trade debts | 44 | €7,608 | €9,523 | +€1,915 | +25.2% |
| Suppliers | 440/4 | €7,608 | €9,523 | +€1,915 | +25.2% |
| Taxes, remuneration and social security | 45 | €334 | €249 | -€85 | -25.5% |
| Taxes | 450/3 | €334 | €249 | -€85 | -25.5% |
| Other amounts payable | 47/48 | €44,002 | €60,979 | +€16,977 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,328 | €4,376 | -€1,951 | -30.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€5,779 | -€10,827 | -€5,048 | -87.3% |
| Operating profit (loss) | 9901 | -€12,494 | -€15,603 | -€3,109 | -24.9% |
| Financial charges | 65/66B | €1,301 | €1,112 | -€189 | -14.5% |
| Recurring financial charges | 65 | €1,301 | €1,112 | -€189 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,795 | -€16,714 | -€2,920 | -21.2% |
| Income taxes | 67/77 | €174 | €75 | -€100 | -57.1% |
| Profit (loss) for the period | 9904 | -€13,969 | -€16,789 | -€2,820 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,969 | -€16,789 | -€2,820 | -20.2% |
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 20 October 2026 via checked.be.