ALVM: 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.
ALVM
Largest movements
- Cash +€38,351
up €38,351 (+54.5%), from €70,414 to €108,766
mainly Net result for the year (+€23,222) and Tax, wage and social debts (+€13,790)
- Receivables within one year +€3,839
up €3,839 (+36.6%), from €10,480 to €14,319
- Tangible fixed assets +€1,404
up €1,404 (+23.0%), from €6,104 to €7,508
- Profit (loss) carried forward +€23,222
up €23,222 (+97.7%), from -€23,767 to -€545
- Tax, wage and social debts +€13,790
up €13,790 (+6385.1%), from €216 to €14,006
- Trade debts +€6,643
up €6,643 (+223.2%), from €2,976 to €9,619
- Gross operating margin +€47,328
up €47,328, from -€14,892 to €32,437
- Taxes +€3,978
up €3,978 (+1841.8%), from €216 to €4,194
- Depreciation -€3,735
down €3,735 (-50.6%), from €7,386 to €3,650
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 | €88,364 | €132,019 | +€43,655 | +49.4% |
| Fixed assets | 21/28 | €6,104 | €7,508 | +€1,404 | +23.0% |
| Tangible fixed assets | 22/27 | €6,104 | €7,508 | +€1,404 | +23.0% |
| Furniture and vehicles | 24 | €6,104 | €7,508 | +€1,404 | +23.0% |
| Current assets | 29/58 | €82,260 | €124,511 | +€42,251 | +51.4% |
| Amounts receivable within one year | 40/41 | €10,480 | €14,319 | +€3,839 | +36.6% |
| Other amounts receivable | 41 | €10,480 | €14,319 | +€3,839 | +36.6% |
| Cash at bank and in hand | 54/58 | €70,414 | €108,766 | +€38,351 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,427 | +€61 | +4.5% |
| Total equity and liabilities | 10/49 | €88,364 | €132,019 | +€43,655 | +49.4% |
| Equity | 10/15 | €85,172 | €108,394 | +€23,222 | +27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,739 | €102,739 | = | 0.0% |
| Distributable reserves | 133 | €102,739 | €102,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,767 | -€545 | +€23,222 | +97.7% |
| Amounts payable | 17/49 | €3,192 | €23,625 | +€20,433 | +640.1% |
| Amounts payable within one year | 42/48 | €3,192 | €23,625 | +€20,433 | +640.1% |
| Trade debts | 44 | €2,976 | €9,619 | +€6,643 | +223.2% |
| Suppliers | 440/4 | €2,976 | €9,619 | +€6,643 | +223.2% |
| Taxes, remuneration and social security | 45 | €216 | €14,006 | +€13,790 | +6385.1% |
| Taxes | 450/3 | €216 | €14,006 | +€13,790 | +6385.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,386 | €3,650 | -€3,735 | -50.6% |
| Other operating charges | 640/8 | €1,103 | €1,244 | +€140 | +12.7% |
| Gross operating margin | 9900 | -€14,892 | €32,437 | +€47,328 | |
| Operating profit (loss) | 9901 | -€23,381 | €27,543 | +€50,923 | |
| Financial charges | 65/66B | €171 | €127 | -€44 | -25.7% |
| Recurring financial charges | 65 | €171 | €127 | -€44 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,551 | €27,416 | +€50,967 | |
| Income taxes | 67/77 | €216 | €4,194 | +€3,978 | +1841.8% |
| Profit (loss) for the period | 9904 | -€23,767 | €23,222 | +€46,989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,767 | €23,222 | +€46,989 |
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.