ALVIREK: 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.
ALVIREK
Largest movements
- Stocks and contracts -€35,259
down €35,259 (-33.5%), from €105,260 to €70,001
- Tangible fixed assets -€10,344
down €10,344 (-54.9%), from €18,843 to €8,500
- Trade debts -€33,287
down €33,287 (-42.7%), from €77,872 to €44,584
- Tax, wage and social debts -€20,081
down €20,081 (-30.5%), from €65,876 to €45,794
of which Taxes: -€24,834
- Reserves +€4,066
up €4,066 (+2.4%), from €170,181 to €174,248
of which Distributable reserves: +€4,066
- Financial charges -€4,560
down €4,560 (-51.8%), from €8,796 to €4,237
- Gross operating margin -€4,236
down €4,236 (-4.8%), from €88,171 to €83,935
- Taxes +€3,280
up €3,280 (+30.2%), from €10,846 to €14,126
- Staff costs +€1,909
up €1,909 (+3.6%), from €52,397 to €54,306
- Depreciation -€1,386
down €1,386 (-11.8%), from €11,730 to €10,344
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 | €375,902 | €326,600 | -€49,302 | -13.1% |
| Fixed assets | 21/28 | €22,643 | €12,300 | -€10,344 | -45.7% |
| Tangible fixed assets | 22/27 | €18,843 | €8,500 | -€10,344 | -54.9% |
| Furniture and vehicles | 24 | €18,843 | €8,500 | -€10,344 | -54.9% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €353,259 | €314,300 | -€38,959 | -11.0% |
| Stocks and contracts in progress | 3 | €105,260 | €70,001 | -€35,259 | -33.5% |
| Stocks | 30/36 | €105,260 | €70,001 | -€35,259 | -33.5% |
| Amounts receivable within one year | 40/41 | €239,401 | €240,514 | +€1,113 | +0.5% |
| Trade receivables | 40 | €115,453 | €108,822 | -€6,631 | -5.7% |
| Other amounts receivable | 41 | €123,948 | €131,692 | +€7,744 | +6.2% |
| Cash at bank and in hand | 54/58 | €5,543 | €3,786 | -€1,758 | -31.7% |
| Deferred charges and accrued income | 490/1 | €3,055 | - | -€3,055 | |
| Total equity and liabilities | 10/49 | €375,902 | €326,600 | -€49,302 | -13.1% |
| Equity | 10/15 | €232,155 | €236,221 | +€4,066 | +1.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €170,181 | €174,248 | +€4,066 | +2.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €163,984 | €168,050 | +€4,066 | +2.5% |
| Amounts payable | 17/49 | €143,747 | €90,379 | -€53,369 | -37.1% |
| Amounts payable within one year | 42/48 | €143,747 | €90,379 | -€53,369 | -37.1% |
| Trade debts | 44 | €77,872 | €44,584 | -€33,287 | -42.7% |
| Suppliers | 440/4 | €77,872 | €44,584 | -€33,287 | -42.7% |
| Taxes, remuneration and social security | 45 | €65,876 | €45,794 | -€20,081 | -30.5% |
| Taxes | 450/3 | €62,486 | €37,653 | -€24,834 | -39.7% |
| Remuneration and social security | 454/9 | €3,389 | €8,141 | +€4,752 | +140% |
| Remuneration, social security and pensions | 62 | €52,397 | €54,306 | +€1,909 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,730 | €10,344 | -€1,386 | -11.8% |
| Other operating charges | 640/8 | €3,286 | €4,650 | +€1,365 | +41.5% |
| Gross operating margin | 9900 | €88,171 | €83,935 | -€4,236 | -4.8% |
| Operating profit (loss) | 9901 | €20,759 | €14,635 | -€6,124 | -29.5% |
| Financial income | 75/76B | €8,515 | €7,794 | -€721 | -8.5% |
| Recurring financial income | 75 | €8,515 | €7,794 | -€721 | -8.5% |
| Financial charges | 65/66B | €8,796 | €4,237 | -€4,560 | -51.8% |
| Recurring financial charges | 65 | €8,796 | €4,237 | -€4,560 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €20,477 | €18,192 | -€2,285 | -11.2% |
| Income taxes | 67/77 | €10,846 | €14,126 | +€3,280 | +30.2% |
| Profit (loss) for the period | 9904 | €9,631 | €4,066 | -€5,565 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,631 | €4,066 | -€5,565 | -57.8% |
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 25 October 2026 via checked.be.