ALVISO: 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.
ALVISO
Largest movements
- Cash +€333,490
up €333,490 (+23.6%), from €1.4m to €1.7m
mainly Other debts (+€473,747) and Net result for the year (+€422,893)
- Receivables after one year -€228,929
no longer reported in 2025 (was €228,929)
- Receivables within one year -€160,135
down €160,135 (-89.8%), from €178,295 to €18,160
of which Trade receivables: -€144,494
- Reserves -€543,273
down €543,273 (-29.6%), from €1.8m to €1.3m
- Other debts +€473,747
up €473,747 (+6,015%), from €7,877 to €481,624
- Gross operating margin +€224,900
up €224,900 (+60.5%), from €372,022 to €596,922
- Taxes +€75,450
up €75,450 (+61.7%), from €122,273 to €197,723
- Financial charges -€9,008
down €9,008 (-49.6%), from €18,148 to €9,140
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 | €1,914,602 | €1,856,076 | -€58,525 | -3.1% |
| Fixed assets | 21/28 | €92,098 | €89,146 | -€2,952 | -3.2% |
| Tangible fixed assets | 22/27 | €67,058 | €64,106 | -€2,952 | -4.4% |
| Furniture and vehicles | 24 | €389 | €837 | +€448 | +115% |
| Other tangible fixed assets | 26 | €66,669 | €63,269 | -€3,400 | -5.1% |
| Financial fixed assets | 28 | €25,040 | €25,040 | = | 0.0% |
| Current assets | 29/58 | €1,822,504 | €1,766,931 | -€55,573 | -3.0% |
| Amounts receivable after more than one year | 29 | €228,929 | - | -€228,929 | |
| Other amounts receivable | 291 | €228,929 | - | -€228,929 | |
| Amounts receivable within one year | 40/41 | €178,295 | €18,160 | -€160,135 | -89.8% |
| Trade receivables | 40 | €162,644 | €18,150 | -€144,494 | -88.8% |
| Other amounts receivable | 41 | €15,651 | €10 | -€15,641 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,415,280 | €1,748,771 | +€333,490 | +23.6% |
| Total equity and liabilities | 10/49 | €1,914,602 | €1,856,076 | -€58,525 | -3.1% |
| Equity | 10/15 | €1,837,633 | €1,294,360 | -€543,273 | -29.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,836,633 | €1,293,360 | -€543,273 | -29.6% |
| Distributable reserves | 133 | €1,836,633 | €1,293,360 | -€543,273 | -29.6% |
| Amounts payable | 17/49 | €76,969 | €561,717 | +€484,748 | +630% |
| Amounts payable within one year | 42/48 | €76,969 | €561,717 | +€484,748 | +630% |
| Trade debts | 44 | €7,987 | €4,852 | -€3,136 | -39.3% |
| Suppliers | 440/4 | €7,987 | €4,852 | -€3,136 | -39.3% |
| Taxes, remuneration and social security | 45 | €61,105 | €75,241 | +€14,136 | +23.1% |
| Taxes | 450/3 | €61,105 | €75,241 | +€14,136 | +23.1% |
| Other amounts payable | 47/48 | €7,877 | €481,624 | +€473,747 | +6,015% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,006 | €3,881 | -€125 | -3.1% |
| Other operating charges | 640/8 | €1,239 | €1,128 | -€111 | -9.0% |
| Gross operating margin | 9900 | €372,022 | €596,922 | +€224,900 | +60.5% |
| Operating profit (loss) | 9901 | €366,777 | €591,913 | +€225,136 | +61.4% |
| Financial income | 75/76B | €34,659 | €37,843 | +€3,185 | +9.2% |
| Recurring financial income | 75 | €34,659 | €37,843 | +€3,185 | +9.2% |
| Financial charges | 65/66B | €18,148 | €9,140 | -€9,008 | -49.6% |
| Recurring financial charges | 65 | €18,148 | €9,140 | -€9,008 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €383,288 | €620,616 | +€237,328 | +61.9% |
| Income taxes | 67/77 | €122,273 | €197,723 | +€75,450 | +61.7% |
| Profit (loss) for the period | 9904 | €261,015 | €422,893 | +€161,878 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €261,015 | €422,893 | +€161,878 | +62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.