ALSIVIA: what changed
ALSIVIA
Largest movements
- Cash +€9,617
up €9,617 (+183%), from €5,269 to €14,886
mainly Net result for the year (+€66,238) and Depreciation (+€38,436)
- Receivables within one year -€4,912
down €4,912 (-18.2%), from €26,977 to €22,065
of which Trade receivables: -€4,511
- Tangible fixed assets +€3,781
up €3,781 (+2.7%), from €139,512 to €143,292
of which Other tangible fixed assets: +€37,064
- Contributions -€61,000
down €61,000 (-63.5%), from €96,000 to €35,000
- Reserves +€60,378
up €60,378 (+85.9%), from €70,304 to €130,682
- Debts after one year -€31,363
down €31,363 (-26.3%), from €119,169 to €87,806
- Tax, wage and social debts +€19,931
up €19,931 (+56.4%), from €35,315 to €55,246
- Trade debts +€19,360
up €19,360 (+182%), from €10,625 to €29,985
- Gross operating margin +€31,277
up €31,277 (+26.0%), from €120,364 to €151,641
- Other operating charges +€11,478
up €11,478 (+536%), from €2,140 to €13,618
- Depreciation +€4,892
up €4,892 (+14.6%), from €33,544 to €38,436
- Taxes +€2,711
up €2,711 (+12.3%), from €22,111 to €24,822
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,686 | €226,558 | +€9,872 | +4.6% |
| Fixed assets | 21/28 | €174,665 | €178,445 | +€3,781 | +2.2% |
| Tangible fixed assets | 22/27 | €139,512 | €143,292 | +€3,781 | +2.7% |
| Land and buildings | 22 | €67,015 | €50,262 | -€16,754 | -25.0% |
| Furniture and vehicles | 24 | €58,699 | €42,170 | -€16,530 | -28.2% |
| Other tangible fixed assets | 26 | €13,797 | €50,861 | +€37,064 | +269% |
| Financial fixed assets | 28 | €35,153 | €35,153 | = | 0.0% |
| Current assets | 29/58 | €42,021 | €48,113 | +€6,091 | +14.5% |
| Stocks and contracts in progress | 3 | €9,074 | €9,074 | = | 0.0% |
| Stocks | 30/36 | €9,074 | €9,074 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,977 | €22,065 | -€4,912 | -18.2% |
| Trade receivables | 40 | €26,572 | €22,062 | -€4,511 | -17.0% |
| Other amounts receivable | 41 | €405 | €4 | -€401 | -99.1% |
| Cash at bank and in hand | 54/58 | €5,269 | €14,886 | +€9,617 | +183% |
| Deferred charges and accrued income | 490/1 | €701 | €2,087 | +€1,386 | +198% |
| Total equity and liabilities | 10/49 | €216,686 | €226,558 | +€9,872 | +4.6% |
| Equity | 10/15 | €12,584 | €11,962 | -€622 | -4.9% |
| Contributions | 10/11 | €96,000 | €35,000 | -€61,000 | -63.5% |
| Reserves | 13 | €70,304 | €130,682 | +€60,378 | +85.9% |
| Distributable reserves | 133 | €70,304 | €130,682 | +€60,378 | +85.9% |
| Profit (loss) carried forward | 14 | -€153,720 | -€153,720 | = | 0.0% |
| Amounts payable | 17/49 | €204,102 | €214,596 | +€10,494 | +5.1% |
| Amounts payable after more than one year | 17 | €119,169 | €87,806 | -€31,363 | -26.3% |
| Financial debts | 170/4 | €119,169 | €87,806 | -€31,363 | -26.3% |
| Amounts payable within one year | 42/48 | €84,933 | €126,258 | +€41,326 | +48.7% |
| Current portion of amounts payable after more than one year | 42 | €30,100 | €32,218 | +€2,119 | +7.0% |
| Trade debts | 44 | €10,625 | €29,985 | +€19,360 | +182% |
| Suppliers | 440/4 | €10,625 | €29,985 | +€19,360 | +182% |
| Taxes, remuneration and social security | 45 | €35,315 | €55,246 | +€19,931 | +56.4% |
| Taxes | 450/3 | €35,315 | €55,246 | +€19,931 | +56.4% |
| Other amounts payable | 47/48 | €8,893 | €8,809 | -€84 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €531 | +€531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,544 | €38,436 | +€4,892 | +14.6% |
| Other operating charges | 640/8 | €2,140 | €13,618 | +€11,478 | +536% |
| Gross operating margin | 9900 | €120,364 | €151,641 | +€31,277 | +26.0% |
| Operating profit (loss) | 9901 | €84,680 | €99,587 | +€14,907 | +17.6% |
| Financial income | 75/76B | €5 | €10 | +€5 | +110% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +110% |
| Financial charges | 65/66B | €8,792 | €8,537 | -€255 | -2.9% |
| Recurring financial charges | 65 | €8,792 | €8,537 | -€255 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €75,893 | €91,060 | +€15,167 | +20.0% |
| Income taxes | 67/77 | €22,111 | €24,822 | +€2,711 | +12.3% |
| Profit (loss) for the period | 9904 | €53,783 | €66,238 | +€12,456 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,783 | €66,238 | +€12,456 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.