CHURROS ALVAREZ: 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.
CHURROS ALVAREZ
Largest movements
- Receivables within one year +€20,346
up €20,346 (+310%), from €6,569 to €26,915
of which Trade receivables: +€18,163
- Tangible fixed assets +€10,703
up €10,703 (+7.3%), from €145,654 to €156,356
of which Plant, machinery and equipment: +€11,983
- Cash +€4,583
up €4,583 (+10.6%), from €43,155 to €47,738
mainly Net result for the year (+€27,267) and Other debts (+€18,686)
- Profit (loss) carried forward +€27,267
up €27,267 (+64.8%), from €42,046 to €69,313
- Other debts +€18,686
up €18,686 (+67.4%), from €27,725 to €46,412
- Debts after one year -€8,390
down €8,390 (-9.7%), from €86,612 to €78,221
- Tax, wage and social debts -€4,349
down €4,349 (-19.5%), from €22,334 to €17,985
of which Taxes: -€4,212
- Trade debts +€4,284
up €4,284 (+55.7%), from €7,684 to €11,968
- Gross operating margin -€30,006
down €30,006 (-37.9%), from €79,193 to €49,187
- Taxes -€11,007
down €11,007 (-78.9%), from €13,950 to €2,943
- Depreciation -€6,599
down €6,599 (-38.0%), from €17,358 to €10,759
- Financial charges +€4,511
up €4,511 (+189%), from €2,389 to €6,900
- Other operating charges -€2,317
down €2,317 (-67.1%), from €3,453 to €1,135
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 | €198,474 | €236,289 | +€37,814 | +19.1% |
| Fixed assets | 21/28 | €145,654 | €156,356 | +€10,703 | +7.3% |
| Tangible fixed assets | 22/27 | €145,654 | €156,356 | +€10,703 | +7.3% |
| Land and buildings | 22 | €119,181 | €116,090 | -€3,091 | -2.6% |
| Plant, machinery and equipment | 23 | €7,554 | €19,537 | +€11,983 | +159% |
| Furniture and vehicles | 24 | €18,919 | €20,730 | +€1,811 | +9.6% |
| Current assets | 29/58 | €52,820 | €79,932 | +€27,112 | +51.3% |
| Stocks and contracts in progress | 3 | €2,472 | €4,633 | +€2,160 | +87.4% |
| Stocks | 30/36 | €2,472 | €4,633 | +€2,160 | +87.4% |
| Amounts receivable within one year | 40/41 | €6,569 | €26,915 | +€20,346 | +310% |
| Trade receivables | 40 | €3,958 | €22,121 | +€18,163 | +459% |
| Other amounts receivable | 41 | €2,611 | €4,793 | +€2,183 | +83.6% |
| Cash at bank and in hand | 54/58 | €43,155 | €47,738 | +€4,583 | +10.6% |
| Deferred charges and accrued income | 490/1 | €624 | €647 | +€23 | +3.6% |
| Total equity and liabilities | 10/49 | €198,474 | €236,289 | +€37,814 | +19.1% |
| Equity | 10/15 | €46,046 | €73,313 | +€27,267 | +59.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,046 | €69,313 | +€27,267 | +64.8% |
| Amounts payable | 17/49 | €152,428 | €162,976 | +€10,548 | +6.9% |
| Amounts payable after more than one year | 17 | €86,612 | €78,221 | -€8,390 | -9.7% |
| Financial debts | 170/4 | €86,612 | €78,221 | -€8,390 | -9.7% |
| Amounts payable within one year | 42/48 | €65,816 | €84,754 | +€18,938 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €8,073 | €8,390 | +€317 | +3.9% |
| Trade debts | 44 | €7,684 | €11,968 | +€4,284 | +55.7% |
| Suppliers | 440/4 | €7,684 | €11,968 | +€4,284 | +55.7% |
| Taxes, remuneration and social security | 45 | €22,334 | €17,985 | -€4,349 | -19.5% |
| Taxes | 450/3 | €18,610 | €14,397 | -€4,212 | -22.6% |
| Remuneration and social security | 454/9 | €3,725 | €3,587 | -€137 | -3.7% |
| Other amounts payable | 47/48 | €27,725 | €46,412 | +€18,686 | +67.4% |
| Remuneration, social security and pensions | 62 | - | €244 | +€244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,358 | €10,759 | -€6,599 | -38.0% |
| Other operating charges | 640/8 | €3,453 | €1,135 | -€2,317 | -67.1% |
| Gross operating margin | 9900 | €79,193 | €49,187 | -€30,006 | -37.9% |
| Operating profit (loss) | 9901 | €58,383 | €37,049 | -€21,334 | -36.5% |
| Financial income | 75/76B | €2 | €60 | +€58 | +2,922% |
| Recurring financial income | 75 | €2 | €60 | +€58 | +2,922% |
| Financial charges | 65/66B | €2,389 | €6,900 | +€4,511 | +189% |
| Recurring financial charges | 65 | €2,389 | €6,900 | +€4,511 | +189% |
| Profit (loss) for the period before taxes | 9903 | €55,996 | €30,210 | -€25,787 | -46.1% |
| Income taxes | 67/77 | €13,950 | €2,943 | -€11,007 | -78.9% |
| Profit (loss) for the period | 9904 | €42,046 | €27,267 | -€14,780 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,046 | €27,267 | -€14,780 | -35.2% |
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 1 November 2026 via checked.be.