ALVOKA: 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.
ALVOKA
Largest movements
- Tangible fixed assets -€153,152
down €153,152 (-8.1%), from €1.9m to €1.7m
of which Other tangible fixed assets: -€95,444
- Receivables within one year +€33,593
up €33,593 (+73.4%), from €45,770 to €79,362
of which Trade receivables: +€33,593
- Other debts -€285,021
down €285,021 (-31.5%), from €904,762 to €619,741
- Trade debts +€208,842
up €208,842 (+27.8%), from €752,468 to €961,310
- Profit (loss) carried forward -€46,926
down €46,926 (-30.6%), from €153,455 to €106,530
- Staff costs +€97,459
up €97,459 (+14.9%), from €654,532 to €751,991
- Gross operating margin +€64,672
up €64,672 (+6.8%), from €944,964 to €1.0m
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 | €2,080,825 | €1,972,481 | -€108,345 | -5.2% |
| Fixed assets | 21/28 | €1,896,259 | €1,743,107 | -€153,152 | -8.1% |
| Tangible fixed assets | 22/27 | €1,896,259 | €1,743,107 | -€153,152 | -8.1% |
| Land and buildings | 22 | €531,412 | €541,980 | +€10,568 | +2.0% |
| Plant, machinery and equipment | 23 | €215,523 | €155,382 | -€60,141 | -27.9% |
| Furniture and vehicles | 24 | €23,181 | €15,046 | -€8,135 | -35.1% |
| Other tangible fixed assets | 26 | €1,126,143 | €1,030,699 | -€95,444 | -8.5% |
| Current assets | 29/58 | €184,567 | €229,373 | +€44,807 | +24.3% |
| Stocks and contracts in progress | 3 | €86,079 | €85,459 | -€620 | -0.7% |
| Stocks | 30/36 | €86,079 | €85,459 | -€620 | -0.7% |
| Amounts receivable within one year | 40/41 | €45,770 | €79,362 | +€33,593 | +73.4% |
| Trade receivables | 40 | €45,607 | €79,200 | +€33,593 | +73.7% |
| Other amounts receivable | 41 | €163 | €163 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,718 | €64,553 | +€11,834 | +22.4% |
| Total equity and liabilities | 10/49 | €2,080,825 | €1,972,481 | -€108,345 | -5.2% |
| Equity | 10/15 | €221,655 | €174,730 | -€46,926 | -21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,455 | €106,530 | -€46,926 | -30.6% |
| Amounts payable | 17/49 | €1,859,170 | €1,797,751 | -€61,419 | -3.3% |
| Amounts payable within one year | 42/48 | €1,859,170 | €1,797,751 | -€61,419 | -3.3% |
| Trade debts | 44 | €752,468 | €961,310 | +€208,842 | +27.8% |
| Suppliers | 440/4 | €752,468 | €961,310 | +€208,842 | +27.8% |
| Taxes, remuneration and social security | 45 | €201,940 | €216,700 | +€14,760 | +7.3% |
| Taxes | 450/3 | €82,830 | €81,725 | -€1,106 | -1.3% |
| Remuneration and social security | 454/9 | €119,110 | €134,976 | +€15,866 | +13.3% |
| Other amounts payable | 47/48 | €904,762 | €619,741 | -€285,021 | -31.5% |
| Remuneration, social security and pensions | 62 | €654,532 | €751,991 | +€97,459 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,629 | €260,595 | +€966 | +0.4% |
| Other operating charges | 640/8 | €13,396 | €13,815 | +€420 | +3.1% |
| Gross operating margin | 9900 | €944,964 | €1,009,636 | +€64,672 | +6.8% |
| Operating profit (loss) | 9901 | €17,407 | -€16,765 | -€34,172 | |
| Financial income | 75/76B | €57 | - | -€57 | |
| Recurring financial income | 75 | €57 | - | -€57 | |
| Financial charges | 65/66B | €39,031 | €29,720 | -€9,311 | -23.9% |
| Recurring financial charges | 65 | €39,031 | €29,656 | -€9,375 | -24.0% |
| Non-recurring financial charges | 66B | - | €64 | +€64 | |
| Profit (loss) for the period before taxes | 9903 | -€21,567 | -€46,486 | -€24,919 | -116% |
| Income taxes | 67/77 | €337 | €440 | +€103 | +30.5% |
| Profit (loss) for the period | 9904 | -€21,904 | -€46,926 | -€25,022 | -114% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,904 | -€46,926 | -€25,022 | -114% |
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 26 October 2026 via checked.be.