ALVIN: 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.
ALVIN
Largest movements
- Current investments +€41,026
new in 2025: €41,026
- Cash -€17,875
down €17,875 (-31.5%), from €56,791 to €38,915
mainly Current investments (-€41,026) and Tax, wage and social debts (-€464)
- Receivables within one year -€5,950
down €5,950 (-30.5%), from €19,536 to €13,586
of which Trade receivables: -€6,860
- Tangible fixed assets -€2,458
down €2,458 (-35.8%), from €6,867 to €4,408
of which Furniture and vehicles: -€1,484
- Profit (loss) carried forward +€24,868
up €24,868 (+83.6%), from -€29,730 to -€4,862
- Reserves -€10,189
down €10,189 (-11.7%), from €87,034 to €76,846
of which Distributable reserves: -€10,189
- Gross operating margin +€9,991
up €9,991 (+126%), from €7,955 to €17,946
- Depreciation -€2,662
down €2,662 (-52.0%), from €5,120 to €2,458
- Financial income +€408
new in 2025: €408
- Other operating charges +€300
up €300 (+60.1%), from €499 to €800
- Taxes +€216
up €216 (+144%), from €149 to €365
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 | €83,194 | €97,936 | +€14,742 | +17.7% |
| Fixed assets | 21/28 | €6,867 | €4,408 | -€2,458 | -35.8% |
| Tangible fixed assets | 22/27 | €6,867 | €4,408 | -€2,458 | -35.8% |
| Plant, machinery and equipment | 23 | €3,900 | €2,925 | -€975 | -25.0% |
| Furniture and vehicles | 24 | €2,967 | €1,484 | -€1,484 | -50.0% |
| Current assets | 29/58 | €76,327 | €93,528 | +€17,201 | +22.5% |
| Amounts receivable within one year | 40/41 | €19,536 | €13,586 | -€5,950 | -30.5% |
| Trade receivables | 40 | €14,769 | €7,909 | -€6,860 | -46.4% |
| Other amounts receivable | 41 | €4,767 | €5,677 | +€910 | +19.1% |
| Current investments | 50/53 | - | €41,026 | +€41,026 | |
| Cash at bank and in hand | 54/58 | €56,791 | €38,915 | -€17,875 | -31.5% |
| Total equity and liabilities | 10/49 | €83,194 | €97,936 | +€14,742 | +17.7% |
| Equity | 10/15 | €82,304 | €96,983 | +€14,679 | +17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €87,034 | €76,846 | -€10,189 | -11.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,999 | €62,999 | = | 0.0% |
| Distributable reserves | 133 | €21,535 | €11,347 | -€10,189 | -47.3% |
| Profit (loss) carried forward | 14 | -€29,730 | -€4,862 | +€24,868 | +83.6% |
| Amounts payable | 17/49 | €890 | €953 | +€63 | +7.1% |
| Amounts payable within one year | 42/48 | €890 | €953 | +€63 | +7.1% |
| Trade debts | 44 | €4 | €531 | +€528 | +14,033% |
| Suppliers | 440/4 | €4 | €531 | +€528 | +14,033% |
| Taxes, remuneration and social security | 45 | €886 | €422 | -€464 | -52.4% |
| Taxes | 450/3 | €886 | €422 | -€464 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,120 | €2,458 | -€2,662 | -52.0% |
| Other operating charges | 640/8 | €499 | €800 | +€300 | +60.1% |
| Gross operating margin | 9900 | €7,955 | €17,946 | +€9,991 | +126% |
| Operating profit (loss) | 9901 | €2,335 | €14,688 | +€12,353 | +529% |
| Financial income | 75/76B | - | €408 | +€408 | |
| Recurring financial income | 75 | - | €408 | +€408 | |
| Financial charges | 65/66B | €41 | €53 | +€11 | +27.9% |
| Recurring financial charges | 65 | €41 | €53 | +€11 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €2,294 | €15,044 | +€12,750 | +556% |
| Income taxes | 67/77 | €149 | €365 | +€216 | +144% |
| Profit (loss) for the period | 9904 | €2,145 | €14,679 | +€12,534 | +584% |
| Profit (loss) for the period to be appropriated | 9905 | €2,145 | €14,679 | +€12,534 | +584% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.