ALVITECH: 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.
ALVITECH
Largest movements
- Receivables within one year -€16,004
down €16,004 (-13.9%), from €115,432 to €99,428
of which Trade receivables: -€15,278
- Tangible fixed assets -€4,950
down €4,950 (-18.0%), from €27,437 to €22,487
of which Plant, machinery and equipment: -€2,970
- Other debts +€65,652
up €65,652 (+843.2%), from €7,786 to €73,438
- Reserves -€53,406
down €53,406 (-13.2%), from €403,151 to €349,745
of which Distributable reserves: -€53,406
- Current portion of long-term debt -€33,368
down €33,368 (-85.6%), from €38,993 to €5,625
- Gross operating margin +€10,956
up €10,956 (+41.5%), from €26,372 to €37,328
- Taxes +€2,212
up €2,212 (+34.5%), from €6,407 to €8,619
- Financial charges -€504
down €504 (-36.5%), from €1,380 to €877
- Depreciation +€445
up €445 (+9.9%), from €4,505 to €4,950
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 | €487,439 | €463,584 | -€23,854 | -4.9% |
| Fixed assets | 21/28 | €365,677 | €360,727 | -€4,950 | -1.4% |
| Tangible fixed assets | 22/27 | €27,437 | €22,487 | -€4,950 | -18.0% |
| Plant, machinery and equipment | 23 | €20,575 | €17,605 | -€2,970 | -14.4% |
| Furniture and vehicles | 24 | €6,862 | €4,882 | -€1,980 | -28.9% |
| Financial fixed assets | 28 | €338,241 | €338,241 | = | 0.0% |
| Current assets | 29/58 | €121,761 | €102,857 | -€18,904 | -15.5% |
| Amounts receivable within one year | 40/41 | €115,432 | €99,428 | -€16,004 | -13.9% |
| Trade receivables | 40 | €23,000 | €7,722 | -€15,278 | -66.4% |
| Other amounts receivable | 41 | €92,432 | €91,706 | -€726 | -0.8% |
| Cash at bank and in hand | 54/58 | €3,584 | €574 | -€3,010 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,745 | €2,855 | +€110 | +4.0% |
| Total equity and liabilities | 10/49 | €487,439 | €463,584 | -€23,854 | -4.9% |
| Equity | 10/15 | €421,751 | €368,345 | -€53,406 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,151 | €349,745 | -€53,406 | -13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €401,291 | €347,885 | -€53,406 | -13.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,687 | €95,240 | +€29,552 | +45.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,687 | €95,240 | +€29,552 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €38,993 | €5,625 | -€33,368 | -85.6% |
| Financial debts | 43 | €7,850 | €6,000 | -€1,850 | -23.6% |
| Credit institutions | 430/8 | €7,850 | €6,000 | -€1,850 | -23.6% |
| Trade debts | 44 | €1,692 | €1,483 | -€209 | -12.3% |
| Suppliers | 440/4 | €1,692 | €1,483 | -€209 | -12.3% |
| Taxes, remuneration and social security | 45 | €9,367 | €8,693 | -€674 | -7.2% |
| Taxes | 450/3 | €7,105 | €6,414 | -€692 | -9.7% |
| Remuneration and social security | 454/9 | €2,261 | €2,279 | +€18 | +0.8% |
| Other amounts payable | 47/48 | €7,786 | €73,438 | +€65,652 | +843.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106 | €0 | -€106 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,505 | €4,950 | +€445 | +9.9% |
| Other operating charges | 640/8 | €403 | €400 | -€3 | -0.8% |
| Gross operating margin | 9900 | €26,372 | €37,328 | +€10,956 | +41.5% |
| Operating profit (loss) | 9901 | €21,357 | €31,978 | +€10,621 | +49.7% |
| Financial income | 75/76B | €160 | €2 | -€157 | -98.6% |
| Recurring financial income | 75 | €160 | €2 | -€157 | -98.6% |
| Financial charges | 65/66B | €1,380 | €877 | -€504 | -36.5% |
| Recurring financial charges | 65 | €1,380 | €877 | -€504 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €20,136 | €31,104 | +€10,967 | +54.5% |
| Income taxes | 67/77 | €6,407 | €8,619 | +€2,212 | +34.5% |
| Profit (loss) for the period | 9904 | €13,729 | €22,485 | +€8,755 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,729 | €22,485 | +€8,755 | +63.8% |
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 1 October 2026 via checked.be.