Quarterly Management Report
January 1 – March 31, 2026
Data synced from Xero
March 18, 2026
Alvio Labs delivered challenging Q1 results with a net loss of €4,226.52 and no recorded revenue for the period. The quarter was characterized by pre-revenue operational expenses totaling €1,194.45 in operating costs plus €3,032.07 in cost of goods sold, reflecting active product development and business setup activities.
The most significant development is the critical cash position — bank balance declined 78.2% year-over-year from €532.14 to €116.00. This cash level represents approximately 2.5 days of runway at the current monthly burn rate of €1,408.84. The company is currently funded primarily through director contributions totaling €36,247.62 (€23,697.62 current account + €12,550.00 loan account), indicating the business remains in pre-revenue, founder-funded phase.
Key Actions Required: Immediate revenue generation or additional capital injection is essential. With current burn rate and cash reserves, sustainable operations cannot continue beyond early Q2 without intervention or material income.
Net Loss Q1
€4,226.52
No revenue recorded
Cash Balance
€116.00
-78.2% YoY
Monthly Burn Rate
€1,408.84
Total Q1 expenses ÷ 3
Runway Remaining
2.5 days
Critical: Immediate action needed
Operating Expenses
Analyst Note: The negative gross profit indicates costs were incurred without corresponding revenue recognition. This is typical for pre-revenue startups during product development phase. All Q1 invoices were outgoing (bills paid), with no incoming revenue recorded.
| Item | Mar 2026 | Mar 2025 | Change |
|---|---|---|---|
| Assets | |||
| Revolut EUR Main | €116.00 | €532.14 | -78.2% |
| Total Assets | €116.00 | €532.14 | -78.2% |
| Liabilities | |||
| Director's Current Account | €23,697.62 | €13,993.09 | +69.4% |
| Director's Loan Account | €12,550.00 | €550.00 | +2,181.8% |
| Sales Tax | €(191.56) | €0.00 | — |
| Total Liabilities | €36,056.06 | €14,948.99 | +141.2% |
| Equity | |||
| Current Year Earnings | €(4,226.52) | €(10,966.85) | +61.5% |
| Retained Earnings | €(31,713.54) | €(3,450.00) | -819.2% |
| Total Equity | €(35,940.06) | €(14,416.85) | -149.3% |
Balance Sheet Analysis: Total liabilities increased 141% YoY, driven entirely by director loan drawdowns funding operations. Negative equity of €35,940 reflects cumulative losses. The sales tax credit (€191.56) indicates VAT/GST recoverable from tax authorities.
Current Balance
€116.00
YoY Cash Trend
Current Account
€23,697.62
Owed to director
Loan Account
€12,550.00
Formal loan facility
99.7% of total liabilities
With 2.5 days runway, immediate capital injection or director loan increase required to continue operations.
Target €1,408.84/month burn — review consulting (€613) and software (€271) spend for immediate reductions.
Prioritize first revenue contracts. Current model unsustainable without incoming cash flows.