ALVILBO: 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.
ALVILBO
Largest movements
- Receivables within one year +€50,690
up €50,690 (+14.9%), from €340,584 to €391,274
of which Trade receivables: +€56,917
- Tangible fixed assets +€15,762
up €15,762 (+27.1%), from €58,179 to €73,942
of which Leasing and similar rights: +€26,348
- Stocks and contracts -€12,836
down €12,836 (-28.3%), from €45,416 to €32,580
- Reserves +€38,483
up €38,483 (+74.7%), from €51,520 to €90,003
- Tax, wage and social debts -€22,093
down €22,093 (-36.2%), from €61,001 to €38,908
of which Remuneration and social security: -€13,272
- Debts after one year +€19,433
up €19,433 (+132.3%), from €14,691 to €34,124
- Current portion of long-term debt +€14,207
up €14,207 (+120.5%), from €11,793 to €26,000
- Gross operating margin +€183,046
up €183,046 (+68.4%), from €267,626 to €450,673
- Staff costs +€58,278
up €58,278 (+19.4%), from €301,045 to €359,323
- Depreciation +€8,320
up €8,320 (+38.5%), from €21,622 to €29,942
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.
Cash bridge derived
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 | €486,001 | €538,782 | +€52,782 | +10.9% |
| Fixed assets | 21/28 | €58,884 | €74,646 | +€15,762 | +26.8% |
| Tangible fixed assets | 22/27 | €58,179 | €73,942 | +€15,762 | +27.1% |
| Plant, machinery and equipment | 23 | €15,176 | €10,850 | -€4,326 | -28.5% |
| Furniture and vehicles | 24 | €25,141 | €18,881 | -€6,259 | -24.9% |
| Leasing and similar rights | 25 | €17,863 | €44,210 | +€26,348 | +147.5% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €427,117 | €464,136 | +€37,019 | +8.7% |
| Stocks and contracts in progress | 3 | €45,416 | €32,580 | -€12,836 | -28.3% |
| Contracts in progress | 37 | €45,416 | €32,580 | -€12,836 | -28.3% |
| Amounts receivable within one year | 40/41 | €340,584 | €391,274 | +€50,690 | +14.9% |
| Trade receivables | 40 | €322,046 | €378,963 | +€56,917 | +17.7% |
| Other amounts receivable | 41 | €18,538 | €12,311 | -€6,227 | -33.6% |
| Cash at bank and in hand | 54/58 | €37,885 | €33,843 | -€4,043 | -10.7% |
| Deferred charges and accrued income | 490/1 | €3,232 | €6,440 | +€3,208 | +99.3% |
| Total equity and liabilities | 10/49 | €486,001 | €538,782 | +€52,782 | +10.9% |
| Equity | 10/15 | €67,714 | €106,197 | +€38,483 | +56.8% |
| Contributions | 10/11 | €16,194 | €16,194 | = | 0.0% |
| Reserves | 13 | €51,520 | €90,003 | +€38,483 | +74.7% |
| Distributable reserves | 133 | €51,520 | €90,003 | +€38,483 | +74.7% |
| Amounts payable | 17/49 | €418,287 | €432,585 | +€14,298 | +3.4% |
| Amounts payable after more than one year | 17 | €14,691 | €34,124 | +€19,433 | +132.3% |
| Financial debts | 170/4 | €14,691 | €34,124 | +€19,433 | +132.3% |
| Amounts payable within one year | 42/48 | €403,596 | €398,104 | -€5,492 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €11,793 | €26,000 | +€14,207 | +120.5% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €163,690 | €167,570 | +€3,880 | +2.4% |
| Suppliers | 440/4 | €163,690 | €167,570 | +€3,880 | +2.4% |
| Taxes, remuneration and social security | 45 | €61,001 | €38,908 | -€22,093 | -36.2% |
| Taxes | 450/3 | €15,624 | €6,803 | -€8,821 | -56.5% |
| Remuneration and social security | 454/9 | €45,377 | €32,105 | -€13,272 | -29.2% |
| Other amounts payable | 47/48 | €17,112 | €15,625 | -€1,486 | -8.7% |
| Accrued charges and deferred income | 492/3 | - | €357 | +€357 | |
| Non-recurring operating income | 76A | €11,443 | €820 | -€10,623 | -92.8% |
| Remuneration, social security and pensions | 62 | €301,045 | €359,323 | +€58,278 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,622 | €29,942 | +€8,320 | +38.5% |
| Other operating charges | 640/8 | €1,150 | €1,511 | +€361 | +31.4% |
| Gross operating margin | 9900 | €267,626 | €450,673 | +€183,046 | +68.4% |
| Operating profit (loss) | 9901 | -€56,191 | €59,896 | +€116,088 | |
| Financial income | 75/76B | €572 | €387 | -€186 | -32.4% |
| Recurring financial income | 75 | €572 | €387 | -€186 | -32.4% |
| Financial charges | 65/66B | €22,979 | €21,797 | -€1,181 | -5.1% |
| Recurring financial charges | 65 | €22,979 | €21,797 | -€1,181 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,598 | €38,486 | +€117,083 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€78,598 | €38,483 | +€117,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,598 | €38,483 | +€117,081 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.