ALVOKO: 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.
ALVOKO
Largest movements
- Intangible fixed assets -€216,657
no longer reported in 2024 (was €216,657)
- Cash -€143,852
down €143,852 (-41.1%), from €350,279 to €206,427
mainly Other debts (-€436,778) and Tax, wage and social debts (-€152,980)
- Current investments -€117,459
down €117,459 (-12.7%), from €923,888 to €806,430
- Receivables within one year -€93,232
down €93,232 (-11.4%), from €816,232 to €723,000
of which Other amounts receivable: -€46,730
- Other debts -€436,778
down €436,778 (-52.9%), from €825,590 to €388,812
- Tax, wage and social debts -€152,980
no longer reported in 2024 (was €152,980)
of which Remuneration and social security: -€144,996
- Revaluation surpluses +€44,506
up €44,506 (+97.3%), from €45,753 to €90,258
- Debts after one year -€43,806
down €43,806 (-12.1%), from €362,953 to €319,147
of which Financial debts: -€43,806
- Staff costs -€331,007
no longer reported in 2024 (was €331,007)
- Gross operating margin -€25,388
down €25,388 (-47.1%), from €53,949 to €28,561
- Other operating charges +€16,930
up €16,930 (+296.2%), from €5,716 to €22,646
- Depreciation -€15,097
down €15,097 (-38.6%), from €39,073 to €23,976
- Financial income +€12,398
up €12,398 (+391.9%), from €3,164 to €15,561
of which Financial income: +€8,886
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,052,154 | €2,456,979 | -€595,175 | -19.5% |
| Fixed assets | 21/28 | €961,755 | €721,122 | -€240,633 | -25.0% |
| Intangible fixed assets | 21 | €216,657 | - | -€216,657 | |
| Tangible fixed assets | 22/27 | €732,168 | €708,192 | -€23,976 | -3.3% |
| Land and buildings | 22 | €732,168 | €708,192 | -€23,976 | -3.3% |
| Financial fixed assets | 28 | €12,930 | €12,930 | = | 0.0% |
| Current assets | 29/58 | €2,090,399 | €1,735,857 | -€354,542 | -17.0% |
| Amounts receivable within one year | 40/41 | €816,232 | €723,000 | -€93,232 | -11.4% |
| Trade receivables | 40 | €46,502 | - | -€46,502 | |
| Other amounts receivable | 41 | €769,730 | €723,000 | -€46,730 | -6.1% |
| Current investments | 50/53 | €923,888 | €806,430 | -€117,459 | -12.7% |
| Cash at bank and in hand | 54/58 | €350,279 | €206,427 | -€143,852 | -41.1% |
| Total equity and liabilities | 10/49 | €3,052,154 | €2,456,979 | -€595,175 | -19.5% |
| Equity | 10/15 | €1,663,855 | €1,696,892 | +€33,037 | +2.0% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Capital | 10 | - | €39,000 | +€39,000 | |
| Issued capital | 100 | - | €39,000 | +€39,000 | |
| Revaluation surpluses | 12 | €45,753 | €90,258 | +€44,506 | +97.3% |
| Reserves | 13 | €3,900 | €3,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,900 | €3,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,900 | €3,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,575,203 | €1,563,734 | -€11,469 | -0.7% |
| Amounts payable | 17/49 | €1,388,299 | €760,086 | -€628,212 | -45.3% |
| Amounts payable after more than one year | 17 | €362,953 | €319,147 | -€43,806 | -12.1% |
| Financial debts | 170/4 | €362,153 | €318,347 | -€43,806 | -12.1% |
| Other amounts payable | 178/9 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,025,346 | €440,939 | -€584,407 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €42,986 | €43,806 | +€820 | +1.9% |
| Trade debts | 44 | €3,790 | €8,321 | +€4,531 | +119.6% |
| Suppliers | 440/4 | €3,790 | €8,321 | +€4,531 | +119.6% |
| Taxes, remuneration and social security | 45 | €152,980 | - | -€152,980 | |
| Taxes | 450/3 | €7,984 | - | -€7,984 | |
| Remuneration and social security | 454/9 | €144,996 | - | -€144,996 | |
| Other amounts payable | 47/48 | €825,590 | €388,812 | -€436,778 | -52.9% |
| Non-recurring operating income | 76A | €164 | - | -€164 | |
| Remuneration, social security and pensions | 62 | €331,007 | - | -€331,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,073 | €23,976 | -€15,097 | -38.6% |
| Other operating charges | 640/8 | €5,716 | €22,646 | +€16,930 | +296.2% |
| Gross operating margin | 9900 | €53,949 | €28,561 | -€25,388 | -47.1% |
| Operating profit (loss) | 9901 | -€321,848 | -€18,061 | +€303,787 | +94.4% |
| Financial income | 75/76B | €3,164 | €15,561 | +€12,398 | +391.9% |
| Recurring financial income | 75 | €3,164 | €12,050 | +€8,886 | +280.9% |
| Non-recurring financial income | 76B | - | €3,512 | +€3,512 | |
| Financial charges | 65/66B | €15,603 | €7,716 | -€7,887 | -50.5% |
| Recurring financial charges | 65 | €15,603 | €7,716 | -€7,887 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€334,287 | -€10,216 | +€324,071 | +96.9% |
| Income taxes | 67/77 | - | €1,253 | +€1,253 | |
| Profit (loss) for the period | 9904 | -€334,287 | -€11,469 | +€322,818 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€334,287 | -€11,469 | +€322,818 | +96.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.