ALVIMMO: 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.
ALVIMMO
Largest movements
- Stocks and contracts +€298,427
new in 2025: €298,427
- Cash -€135,002
down €135,002 (-95.3%), from €141,650 to €6,647
mainly Stocks and contracts (-€298,427) and Debts after one year (-€34,955)
- Current investments -€115,140
down €115,140 (-100.0%), from €115,141 to €0
- Tangible fixed assets -€37,251
down €37,251 (-5.3%), from €699,771 to €662,520
of which Land and buildings: -€21,451
- Receivables within one year +€22,925
up €22,925 (+9170.0%), from €250 to €23,175
of which Trade receivables: +€22,904
- Other debts +€54,930
up €54,930 (+1450.2%), from €3,788 to €58,718
- Debts after one year -€34,955
down €34,955 (-6.2%), from €567,054 to €532,099
- Trade debts +€16,664
up €16,664 (+286.6%), from €5,815 to €22,479
- Gross operating margin -€12,995
down €12,995 (-18.8%), from €69,011 to €56,016
- Other operating charges -€5,421
down €5,421 (-68.7%), from €7,887 to €2,466
- Depreciation +€866
up €866 (+1.9%), from €45,466 to €46,331
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 | €957,659 | €990,799 | +€33,140 | +3.5% |
| Fixed assets | 21/28 | €699,771 | €662,520 | -€37,251 | -5.3% |
| Tangible fixed assets | 22/27 | €699,771 | €662,520 | -€37,251 | -5.3% |
| Land and buildings | 22 | €663,467 | €642,016 | -€21,451 | -3.2% |
| Furniture and vehicles | 24 | €36,304 | €20,504 | -€15,800 | -43.5% |
| Current assets | 29/58 | €257,888 | €328,279 | +€70,391 | +27.3% |
| Stocks and contracts in progress | 3 | - | €298,427 | +€298,427 | |
| Stocks | 30/36 | - | €298,427 | +€298,427 | |
| Amounts receivable within one year | 40/41 | €250 | €23,175 | +€22,925 | +9170.0% |
| Trade receivables | 40 | - | €22,904 | +€22,904 | |
| Other amounts receivable | 41 | €250 | €271 | +€21 | +8.4% |
| Current investments | 50/53 | €115,141 | €0 | -€115,140 | -100.0% |
| Cash at bank and in hand | 54/58 | €141,650 | €6,647 | -€135,002 | -95.3% |
| Deferred charges and accrued income | 490/1 | €848 | €30 | -€818 | -96.4% |
| Total equity and liabilities | 10/49 | €957,659 | €990,799 | +€33,140 | +3.5% |
| Equity | 10/15 | €342,812 | €337,891 | -€4,921 | -1.4% |
| Contributions | 10/11 | €661,200 | €661,200 | = | 0.0% |
| Outside capital | 11 | - | €661,200 | +€661,200 | |
| Other | 1109/19 | - | €661,200 | +€661,200 | |
| Revaluation surpluses | 12 | €82 | €82 | = | 0.0% |
| Reserves | 13 | €6,075 | €6,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,075 | €6,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,545 | -€329,466 | -€4,921 | -1.5% |
| Amounts payable | 17/49 | €614,847 | €652,909 | +€38,061 | +6.2% |
| Amounts payable after more than one year | 17 | €567,054 | €532,099 | -€34,955 | -6.2% |
| Financial debts | 170/4 | €567,054 | €532,099 | -€34,955 | -6.2% |
| Amounts payable within one year | 42/48 | €47,794 | €118,610 | +€70,816 | +148.2% |
| Current portion of amounts payable after more than one year | 42 | €34,192 | €34,955 | +€763 | +2.2% |
| Trade debts | 44 | €5,815 | €22,479 | +€16,664 | +286.6% |
| Suppliers | 440/4 | €5,815 | €22,479 | +€16,664 | +286.6% |
| Taxes, remuneration and social security | 45 | €3,999 | €2,458 | -€1,541 | -38.5% |
| Taxes | 450/3 | €3,999 | €2,458 | -€1,541 | -38.5% |
| Other amounts payable | 47/48 | €3,788 | €58,718 | +€54,930 | +1450.2% |
| Accrued charges and deferred income | 492/3 | - | €2,200 | +€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,466 | €46,331 | +€866 | +1.9% |
| Other operating charges | 640/8 | €7,887 | €2,466 | -€5,421 | -68.7% |
| Gross operating margin | 9900 | €69,011 | €56,016 | -€12,995 | -18.8% |
| Operating profit (loss) | 9901 | €15,659 | €7,219 | -€8,440 | -53.9% |
| Financial income | 75/76B | €698 | €1,206 | +€509 | +72.9% |
| Recurring financial income | 75 | €698 | €1,206 | +€509 | +72.9% |
| Financial charges | 65/66B | €13,799 | €13,155 | -€644 | -4.7% |
| Recurring financial charges | 65 | €13,799 | €13,155 | -€644 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €2,558 | -€4,730 | -€7,287 | |
| Income taxes | 67/77 | €167 | €191 | +€24 | +14.6% |
| Profit (loss) for the period | 9904 | €2,391 | -€4,921 | -€7,312 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,391 | -€4,921 | -€7,312 |
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 5 October 2026 via checked.be.