ALWA MANCO: 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.
ALWA MANCO
Largest movements
- Cash -€1,439
down €1,439 (-11.7%), from €12,258 to €10,819
mainly Tax, wage and social debts (-€3,866) and Investment in fixed assets (net) (-€1,160)
- Financial fixed assets +€1,160
new in 2025: €1,160
- Formation expenses -€557
down €557 (-22.7%), from €2,457 to €1,900
- Receivables within one year +€547
up €547 (+1.6%), from €35,144 to €35,690
- Accrued charges and deferred income +€4,442
new in 2025: €4,442
- Tax, wage and social debts -€3,866
down €3,866 (-26.8%), from €14,417 to €10,551
- Profit (loss) carried forward -€568
new in 2025: -€568
- Gross operating margin -€42,799
down €42,799 (-98.3%), from €43,559 to €760
- Taxes -€11,120
down €11,120 (-97.5%), from €11,411 to €291
- Financial charges +€1,214
up €1,214 (+184%), from €659 to €1,874
- Financial income +€845
up €845 (+79.2%), from €1,066 to €1,911
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 | €49,859 | €49,573 | -€286 | -0.6% |
| Formation expenses | 20 | €2,457 | €1,900 | -€557 | -22.7% |
| Fixed assets | 21/28 | - | €1,160 | +€1,160 | |
| Financial fixed assets | 28 | - | €1,160 | +€1,160 | |
| Current assets | 29/58 | €47,402 | €46,513 | -€889 | -1.9% |
| Amounts receivable within one year | 40/41 | €35,144 | €35,690 | +€547 | +1.6% |
| Other amounts receivable | 41 | €35,144 | €35,690 | +€547 | +1.6% |
| Cash at bank and in hand | 54/58 | €12,258 | €10,819 | -€1,439 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €4 | +€4 | |
| Total equity and liabilities | 10/49 | €49,859 | €49,573 | -€286 | -0.6% |
| Equity | 10/15 | €34,304 | €33,736 | -€568 | -1.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,804 | €31,804 | = | 0.0% |
| Distributable reserves | 133 | €31,804 | €31,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€568 | -€568 | |
| Amounts payable | 17/49 | €15,554 | €15,837 | +€283 | +1.8% |
| Amounts payable within one year | 42/48 | €15,554 | €11,395 | -€4,159 | -26.7% |
| Trade debts | 44 | €1,137 | €844 | -€293 | -25.8% |
| Suppliers | 440/4 | €1,137 | €844 | -€293 | -25.8% |
| Taxes, remuneration and social security | 45 | €14,417 | €10,551 | -€3,866 | -26.8% |
| Taxes | 450/3 | €14,417 | €10,551 | -€3,866 | -26.8% |
| Accrued charges and deferred income | 492/3 | - | €4,442 | +€4,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €557 | +€229 | +69.9% |
| Other operating charges | 640/8 | €422 | €518 | +€95 | +22.5% |
| Gross operating margin | 9900 | €43,559 | €760 | -€42,799 | -98.3% |
| Operating profit (loss) | 9901 | €42,808 | -€314 | -€43,123 | |
| Financial income | 75/76B | €1,066 | €1,911 | +€845 | +79.2% |
| Recurring financial income | 75 | €1,066 | €1,911 | +€845 | +79.2% |
| Financial charges | 65/66B | €659 | €1,874 | +€1,214 | +184% |
| Recurring financial charges | 65 | €659 | €1,874 | +€1,214 | +184% |
| Profit (loss) for the period before taxes | 9903 | €43,215 | -€278 | -€43,493 | |
| Income taxes | 67/77 | €11,411 | €291 | -€11,120 | -97.5% |
| Profit (loss) for the period | 9904 | €31,804 | -€568 | -€32,373 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,804 | -€568 | -€32,373 |
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 27 October 2026 via checked.be.