ALWEGRO: 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.
ALWEGRO
Largest movements
- Financial fixed assets +€2.0m
up €2.0m (+400%), from €500,000 to €2.5m
- Tangible fixed assets -€126,251
down €126,251 (-18.3%), from €688,713 to €562,462
of which Furniture and vehicles: -€77,961
- Receivables within one year +€50,771
up €50,771 (+142%), from €35,677 to €86,448
of which Trade receivables: +€41,964
- Debts after one year +€1.3m
up €1.3m (+242%), from €521,754 to €1.8m
- Other debts +€244,903
up €244,903 (+188%), from €130,097 to €375,000
- Short-term financial debts +€166,735
up €166,735 (+417%), from €40,000 to €206,735
of which Credit institutions: +€150,000
- Current portion of long-term debt +€141,587
up €141,587 (+227%), from €62,345 to €203,932
- Reserves +€116,324
up €116,324 (+25.7%), from €452,676 to €569,000
- Gross operating margin -€160,628
down €160,628 (-37.4%), from €429,834 to €269,206
- Financial charges +€60,707
up €60,707 (+519%), from €11,702 to €72,409
- Taxes -€52,777
down €52,777 (-58.4%), from €90,398 to €37,622
- Depreciation -€24,610
down €24,610 (-45.3%), from €54,313 to €29,704
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 | €1,268,272 | €3,199,635 | +€1.9m | +152% |
| Fixed assets | 21/28 | €1,188,713 | €3,062,462 | +€1.9m | +158% |
| Tangible fixed assets | 22/27 | €688,713 | €562,462 | -€126,251 | -18.3% |
| Land and buildings | 22 | €574,467 | €558,290 | -€16,177 | -2.8% |
| Plant, machinery and equipment | 23 | €3,011 | €1,783 | -€1,227 | -40.8% |
| Furniture and vehicles | 24 | €80,349 | €2,389 | -€77,961 | -97.0% |
| Leasing and similar rights | 25 | €30,886 | - | -€30,886 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €500,000 | €2,500,000 | +€2.0m | +400% |
| Current assets | 29/58 | €79,559 | €137,173 | +€57,614 | +72.4% |
| Amounts receivable within one year | 40/41 | €35,677 | €86,448 | +€50,771 | +142% |
| Trade receivables | 40 | €33,668 | €75,632 | +€41,964 | +125% |
| Other amounts receivable | 41 | €2,009 | €10,816 | +€8,807 | +438% |
| Cash at bank and in hand | 54/58 | €41,922 | €49,220 | +€7,298 | +17.4% |
| Deferred charges and accrued income | 490/1 | €1,960 | €1,505 | -€455 | -23.2% |
| Total equity and liabilities | 10/49 | €1,268,272 | €3,199,635 | +€1.9m | +152% |
| Equity | 10/15 | €453,676 | €570,844 | +€117,168 | +25.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €452,676 | €569,000 | +€116,324 | +25.7% |
| Distributable reserves | 133 | €452,676 | €569,000 | +€116,324 | +25.7% |
| Profit (loss) carried forward | 14 | €0 | €844 | +€844 | |
| Amounts payable | 17/49 | €814,596 | €2,628,791 | +€1.8m | +223% |
| Amounts payable after more than one year | 17 | €521,754 | €1,783,543 | +€1.3m | +242% |
| Financial debts | 170/4 | €521,754 | €1,783,543 | +€1.3m | +242% |
| Amounts payable within one year | 42/48 | €292,842 | €845,248 | +€552,406 | +189% |
| Current portion of amounts payable after more than one year | 42 | €62,345 | €203,932 | +€141,587 | +227% |
| Financial debts | 43 | €40,000 | €206,735 | +€166,735 | +417% |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Other loans | 439 | €40,000 | €56,735 | +€16,735 | +41.8% |
| Trade debts | 44 | €9,132 | €3,963 | -€5,169 | -56.6% |
| Suppliers | 440/4 | €9,132 | €3,963 | -€5,169 | -56.6% |
| Taxes, remuneration and social security | 45 | €51,268 | €55,618 | +€4,350 | +8.5% |
| Taxes | 450/3 | €49,368 | €53,718 | +€4,350 | +8.8% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €130,097 | €375,000 | +€244,903 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,313 | €29,704 | -€24,610 | -45.3% |
| Other operating charges | 640/8 | €2,079 | €4,351 | +€2,272 | +109% |
| Non-recurring operating charges | 66A | - | €8,085 | +€8,085 | |
| Gross operating margin | 9900 | €429,834 | €269,206 | -€160,628 | -37.4% |
| Operating profit (loss) | 9901 | €373,441 | €227,065 | -€146,376 | -39.2% |
| Financial income | 75/76B | €0 | €133 | +€133 | |
| Recurring financial income | 75 | €0 | €133 | +€133 | |
| Financial charges | 65/66B | €11,702 | €72,409 | +€60,707 | +519% |
| Recurring financial charges | 65 | €11,702 | €72,409 | +€60,707 | +519% |
| Profit (loss) for the period before taxes | 9903 | €361,739 | €154,789 | -€206,950 | -57.2% |
| Income taxes | 67/77 | €90,398 | €37,622 | -€52,777 | -58.4% |
| Profit (loss) for the period | 9904 | €271,340 | €117,168 | -€154,173 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €271,340 | €117,168 | -€154,173 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.