A l'aize: what changed
Two fiscal 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 l'aize
Largest movements
- Deferred charges and accrued income +€4,694
up €4,694 (+41.4%), from €11,328 to €16,021
- Trade debts -€29,088
down €29,088 (-73.8%), from €39,412 to €10,324
- Reserves +€21,369
up €21,369 (+15.0%), from €142,540 to €163,909
- Tax, wage and social debts -€7,552
down €7,552 (-28.3%), from €26,662 to €19,110
of which Remuneration and social security: -€5,428
- Advances received +€7,551
new in 2025: €7,551
- Accrued charges and deferred income +€6,830
up €6,830 (+94.0%), from €7,269 to €14,099
- Gross operating margin -€67,104
down €67,104 (-34.2%), from €196,154 to €129,050
- Staff costs -€58,884
down €58,884 (-50.8%), from €115,836 to €56,953
- Depreciation +€26,336
up €26,336 (+237.6%), from €11,083 to €37,420
- Taxes -€8,082
down €8,082 (-47.7%), from €16,930 to €8,847
- Other operating charges +€2,327
up €2,327 (+435.9%), from €534 to €2,861
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.
Cash bridge derived
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 | €272,191 | €277,310 | +€5,119 | +1.9% |
| Fixed assets | 21/28 | €133,407 | €134,476 | +€1,069 | +0.8% |
| Intangible fixed assets | 21 | €5,980 | €4,720 | -€1,260 | -21.1% |
| Tangible fixed assets | 22/27 | €127,428 | €129,756 | +€2,329 | +1.8% |
| Plant, machinery and equipment | 23 | €113,889 | €121,354 | +€7,466 | +6.6% |
| Furniture and vehicles | 24 | €13,539 | €8,402 | -€5,137 | -37.9% |
| Current assets | 29/58 | €138,784 | €142,834 | +€4,051 | +2.9% |
| Stocks and contracts in progress | 3 | €13,048 | €13,553 | +€505 | +3.9% |
| Stocks | 30/36 | €13,048 | €13,553 | +€505 | +3.9% |
| Amounts receivable within one year | 40/41 | €11,267 | €9,084 | -€2,183 | -19.4% |
| Trade receivables | 40 | €1,648 | €7,500 | +€5,853 | +355.3% |
| Other amounts receivable | 41 | €9,619 | €1,584 | -€8,036 | -83.5% |
| Cash at bank and in hand | 54/58 | €103,141 | €104,176 | +€1,034 | +1.0% |
| Deferred charges and accrued income | 490/1 | €11,328 | €16,021 | +€4,694 | +41.4% |
| Total equity and liabilities | 10/49 | €272,191 | €277,310 | +€5,119 | +1.9% |
| Equity | 10/15 | €147,540 | €168,909 | +€21,369 | +14.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,540 | €163,909 | +€21,369 | +15.0% |
| Distributable reserves | 133 | €142,540 | €163,909 | +€21,369 | +15.0% |
| Amounts payable | 17/49 | €124,651 | €108,401 | -€16,250 | -13.0% |
| Amounts payable within one year | 42/48 | €117,382 | €94,302 | -€23,080 | -19.7% |
| Trade debts | 44 | €39,412 | €10,324 | -€29,088 | -73.8% |
| Suppliers | 440/4 | €39,412 | €10,324 | -€29,088 | -73.8% |
| Advances received on contracts in progress | 46 | - | €7,551 | +€7,551 | |
| Taxes, remuneration and social security | 45 | €26,662 | €19,110 | -€7,552 | -28.3% |
| Taxes | 450/3 | €10,830 | €8,705 | -€2,125 | -19.6% |
| Remuneration and social security | 454/9 | €15,832 | €10,405 | -€5,428 | -34.3% |
| Other amounts payable | 47/48 | €51,308 | €57,318 | +€6,010 | +11.7% |
| Accrued charges and deferred income | 492/3 | €7,269 | €14,099 | +€6,830 | +94.0% |
| Non-recurring operating income | 76A | €28,691 | €0 | -€28,691 | -100.0% |
| Remuneration, social security and pensions | 62 | €115,836 | €56,953 | -€58,884 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,083 | €37,420 | +€26,336 | +237.6% |
| Other operating charges | 640/8 | €534 | €2,861 | +€2,327 | +435.9% |
| Gross operating margin | 9900 | €196,154 | €129,050 | -€67,104 | -34.2% |
| Operating profit (loss) | 9901 | €68,700 | €31,817 | -€36,883 | -53.7% |
| Financial income | 75/76B | - | €1,888 | +€1,888 | |
| Recurring financial income | 75 | - | €1,888 | +€1,888 | |
| Financial charges | 65/66B | €5,513 | €3,488 | -€2,025 | -36.7% |
| Recurring financial charges | 65 | €5,513 | €3,488 | -€2,025 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €63,188 | €30,217 | -€32,971 | -52.2% |
| Income taxes | 67/77 | €16,930 | €8,847 | -€8,082 | -47.7% |
| Profit (loss) for the period | 9904 | €46,258 | €21,369 | -€24,889 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,258 | €21,369 | -€24,889 | -53.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.