A.A.L&K: 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.
A.A.L&K
Largest movements
- Cash -€8,095
down €8,095 (-70.2%), from €11,527 to €3,432
mainly Other debts (-€77,782) and Stocks and contracts (-€5,500)
- Stocks and contracts +€5,500
up €5,500 (+456%), from €1,206 to €6,706
- Intangible fixed assets -€2,500
down €2,500 (-31.6%), from €7,917 to €5,417
- Receivables within one year -€591
down €591 (-5.1%), from €11,594 to €11,003
of which Trade receivables: -€3,307
- Deferred charges and accrued income -€372
no longer reported in 2025 (was €372)
- Other debts -€77,782
down €77,782 (-93.9%), from €82,829 to €5,047
- Profit (loss) carried forward +€73,485
up €73,485 (+48.6%), from -€151,108 to -€77,623
- Tax, wage and social debts -€3,892
down €3,892 (-5.4%), from €72,483 to €68,591
of which Remuneration and social security: -€15,771
- Trade debts +€1,160
up €1,160 (+4.9%), from €23,782 to €24,942
- Accrued charges and deferred income +€1,013
new in 2025: €1,013
- Gross operating margin +€120,834
up €120,834 (+72.9%), from €165,710 to €286,544
- Financial charges +€4,193
up €4,193 (+114%), from €3,672 to €7,865
- Staff costs -€3,748
down €3,748 (-2.0%), from €190,458 to €186,709
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 | €35,064 | €29,048 | -€6,016 | -17.2% |
| Fixed assets | 21/28 | €10,364 | €7,906 | -€2,458 | -23.7% |
| Intangible fixed assets | 21 | €7,917 | €5,417 | -€2,500 | -31.6% |
| Tangible fixed assets | 22/27 | €2,448 | €2,489 | +€42 | +1.7% |
| Furniture and vehicles | 24 | €849 | €1,395 | +€547 | +64.4% |
| Other tangible fixed assets | 26 | €1,599 | €1,094 | -€505 | -31.6% |
| Current assets | 29/58 | €24,699 | €21,142 | -€3,558 | -14.4% |
| Stocks and contracts in progress | 3 | €1,206 | €6,706 | +€5,500 | +456% |
| Stocks | 30/36 | €1,206 | €6,706 | +€5,500 | +456% |
| Amounts receivable within one year | 40/41 | €11,594 | €11,003 | -€591 | -5.1% |
| Trade receivables | 40 | €11,421 | €8,114 | -€3,307 | -29.0% |
| Other amounts receivable | 41 | €172 | €2,889 | +€2,716 | +1,576% |
| Cash at bank and in hand | 54/58 | €11,527 | €3,432 | -€8,095 | -70.2% |
| Deferred charges and accrued income | 490/1 | €372 | - | -€372 | |
| Total equity and liabilities | 10/49 | €35,064 | €29,048 | -€6,016 | -17.2% |
| Equity | 10/15 | -€144,031 | -€70,546 | +€73,485 | +51.0% |
| Contributions | 10/11 | €7,077 | €7,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,108 | -€77,623 | +€73,485 | +48.6% |
| Amounts payable | 17/49 | €179,095 | €99,593 | -€79,501 | -44.4% |
| Amounts payable within one year | 42/48 | €179,095 | €98,581 | -€80,514 | -45.0% |
| Trade debts | 44 | €23,782 | €24,942 | +€1,160 | +4.9% |
| Suppliers | 440/4 | €23,782 | €24,942 | +€1,160 | +4.9% |
| Taxes, remuneration and social security | 45 | €72,483 | €68,591 | -€3,892 | -5.4% |
| Taxes | 450/3 | €23,656 | €35,536 | +€11,879 | +50.2% |
| Remuneration and social security | 454/9 | €48,827 | €33,055 | -€15,771 | -32.3% |
| Other amounts payable | 47/48 | €82,829 | €5,047 | -€77,782 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €1,013 | +€1,013 | |
| Remuneration, social security and pensions | 62 | €190,458 | €186,709 | -€3,748 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,267 | €3,912 | -€355 | -8.3% |
| Other operating charges | 640/8 | €12,509 | €14,010 | +€1,501 | +12.0% |
| Gross operating margin | 9900 | €165,710 | €286,544 | +€120,834 | +72.9% |
| Operating profit (loss) | 9901 | -€41,524 | €81,912 | +€123,435 | |
| Financial income | 75/76B | €13 | €124 | +€110 | +816% |
| Recurring financial income | 75 | €13 | €124 | +€110 | +816% |
| Financial charges | 65/66B | €3,672 | €7,865 | +€4,193 | +114% |
| Recurring financial charges | 65 | €3,672 | €7,865 | +€4,193 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€45,182 | €74,170 | +€119,352 | |
| Income taxes | 67/77 | €99 | €685 | +€585 | +588% |
| Profit (loss) for the period | 9904 | -€45,282 | €73,485 | +€118,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,282 | €73,485 | +€118,767 |
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 17 October 2026 via checked.be.