DEN ALVER: 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.
DEN ALVER
Largest movements
- Cash +€73,838
up €73,838 (+143%), from €51,661 to €125,498
mainly Net result for the year (+€34,957) and Depreciation (+€30,219)
- Tangible fixed assets -€30,219
down €30,219 (-22.0%), from €137,124 to €106,905
- Receivables within one year -€15,848
down €15,848 (-37.5%), from €42,251 to €26,403
of which Trade receivables: -€8,623
- Deferred charges and accrued income -€4,748
down €4,748 (-74.2%), from €6,401 to €1,653
- Profit (loss) carried forward +€34,957
up €34,957 (+27.5%), from €126,918 to €161,875
- Debts after one year -€8,800
down €8,800 (-14.5%), from €60,502 to €51,702
- Accrued charges and deferred income -€6,505
no longer reported in 2025 (was €6,505)
- Gross operating margin +€57,694
up €57,694 (+46.3%), from €124,691 to €182,384
- Staff costs +€29,504
up €29,504 (+41.1%), from €71,777 to €101,281
- Depreciation -€14,012
down €14,012 (-31.7%), from €44,231 to €30,219
- Taxes +€10,500
new in 2025: €10,500
- Financial income -€3,966
no longer reported in 2025 (was €3,966)
of which Financial income: -€3,966
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 | €240,444 | €263,468 | +€23,024 | +9.6% |
| Fixed assets | 21/28 | €137,294 | €107,075 | -€30,219 | -22.0% |
| Tangible fixed assets | 22/27 | €137,124 | €106,905 | -€30,219 | -22.0% |
| Land and buildings | 22 | €11,667 | €11,667 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,149 | €36,692 | -€9,457 | -20.5% |
| Furniture and vehicles | 24 | €35,139 | €21,447 | -€13,692 | -39.0% |
| Other tangible fixed assets | 26 | €44,169 | €37,099 | -€7,070 | -16.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €103,150 | €156,392 | +€53,243 | +51.6% |
| Stocks and contracts in progress | 3 | €2,837 | €2,837 | = | 0.0% |
| Stocks | 30/36 | €2,837 | €2,837 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,251 | €26,403 | -€15,848 | -37.5% |
| Trade receivables | 40 | €9,190 | €567 | -€8,623 | -93.8% |
| Other amounts receivable | 41 | €33,061 | €25,836 | -€7,225 | -21.9% |
| Cash at bank and in hand | 54/58 | €51,661 | €125,498 | +€73,838 | +143% |
| Deferred charges and accrued income | 490/1 | €6,401 | €1,653 | -€4,748 | -74.2% |
| Total equity and liabilities | 10/49 | €240,444 | €263,468 | +€23,024 | +9.6% |
| Equity | 10/15 | €132,118 | €167,075 | +€34,957 | +26.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,200 | €3,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,200 | €3,200 | = | 0.0% |
| Other | 1319 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,918 | €161,875 | +€34,957 | +27.5% |
| Amounts payable | 17/49 | €108,326 | €96,393 | -€11,933 | -11.0% |
| Amounts payable after more than one year | 17 | €60,502 | €51,702 | -€8,800 | -14.5% |
| Financial debts | 170/4 | €60,502 | €51,702 | -€8,800 | -14.5% |
| Amounts payable within one year | 42/48 | €41,319 | €44,691 | +€3,372 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €8,686 | €8,800 | +€114 | +1.3% |
| Trade debts | 44 | €4,216 | €6,737 | +€2,520 | +59.8% |
| Suppliers | 440/4 | €4,216 | €6,737 | +€2,520 | +59.8% |
| Taxes, remuneration and social security | 45 | €28,417 | €29,154 | +€737 | +2.6% |
| Taxes | 450/3 | €21,312 | €21,800 | +€488 | +2.3% |
| Remuneration and social security | 454/9 | €7,105 | €7,354 | +€249 | +3.5% |
| Accrued charges and deferred income | 492/3 | €6,505 | - | -€6,505 | |
| Remuneration, social security and pensions | 62 | €71,777 | €101,281 | +€29,504 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,231 | €30,219 | -€14,012 | -31.7% |
| Other operating charges | 640/8 | €5,125 | €1,333 | -€3,792 | -74.0% |
| Gross operating margin | 9900 | €124,691 | €182,384 | +€57,694 | +46.3% |
| Operating profit (loss) | 9901 | €3,558 | €49,552 | +€45,994 | +1,293% |
| Financial income | 75/76B | €3,966 | - | -€3,966 | |
| Recurring financial income | 75 | €3,966 | - | -€3,966 | |
| Non-recurring financial income | 76B | €3,966 | - | -€3,966 | |
| Financial charges | 65/66B | €1,345 | €4,095 | +€2,749 | +204% |
| Recurring financial charges | 65 | €1,345 | €4,095 | +€2,749 | +204% |
| Profit (loss) for the period before taxes | 9903 | €6,178 | €45,457 | +€39,279 | +636% |
| Income taxes | 67/77 | - | €10,500 | +€10,500 | |
| Profit (loss) for the period | 9904 | €6,178 | €34,957 | +€28,779 | +466% |
| Profit (loss) for the period to be appropriated | 9905 | €6,178 | €34,957 | +€28,779 | +466% |
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 29 October 2026 via checked.be.