A.L. MANAGEMENT: 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.L. MANAGEMENT
Largest movements
- Cash -€4,833
down €4,833 (-3.1%), from €156,646 to €151,812
mainly Net result for the year (-€5,066) and Tax, wage and social debts (-€1,396)
- Reserves -€5,066
down €5,066 (-3.5%), from €144,563 to €139,497
- Trade debts +€2,824
up €2,824 (+57.2%), from €4,935 to €7,759
- Gross operating margin -€33,709
down €33,709, from €30,962 to -€2,747
- Taxes -€10,089
down €10,089 (-100.0%), from €10,089 to €0
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 | €160,246 | €156,608 | -€3,638 | -2.3% |
| Fixed assets | 21/28 | €1,291 | €987 | -€304 | -23.5% |
| Tangible fixed assets | 22/27 | €1,291 | €987 | -€304 | -23.5% |
| Plant, machinery and equipment | 23 | €1,291 | €987 | -€304 | -23.5% |
| Current assets | 29/58 | €158,955 | €155,621 | -€3,335 | -2.1% |
| Amounts receivable within one year | 40/41 | €2,309 | €3,279 | +€970 | +42.0% |
| Trade receivables | 40 | €85 | €0 | -€85 | -100.0% |
| Other amounts receivable | 41 | €2,224 | €3,279 | +€1,055 | +47.4% |
| Cash at bank and in hand | 54/58 | €156,646 | €151,812 | -€4,833 | -3.1% |
| Deferred charges and accrued income | 490/1 | - | €529 | +€529 | |
| Total equity and liabilities | 10/49 | €160,246 | €156,608 | -€3,638 | -2.3% |
| Equity | 10/15 | €150,760 | €145,694 | -€5,066 | -3.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | - | -€6,197 | |
| Other | 1109/19 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €144,563 | €139,497 | -€5,066 | -3.5% |
| Distributable reserves | 133 | €144,563 | €139,497 | -€5,066 | -3.5% |
| Amounts payable | 17/49 | €9,486 | €10,914 | +€1,428 | +15.1% |
| Amounts payable within one year | 42/48 | €9,486 | €10,914 | +€1,428 | +15.1% |
| Trade debts | 44 | €4,935 | €7,759 | +€2,824 | +57.2% |
| Suppliers | 440/4 | €4,935 | €7,759 | +€2,824 | +57.2% |
| Taxes, remuneration and social security | 45 | €4,551 | €3,155 | -€1,396 | -30.7% |
| Taxes | 450/3 | €4,551 | €3,155 | -€1,396 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €304 | +€76 | +33.1% |
| Other operating charges | 640/8 | €1,466 | €1,579 | +€113 | +7.7% |
| Non-recurring operating charges | 66A | €25 | €182 | +€157 | +627.4% |
| Gross operating margin | 9900 | €30,962 | -€2,747 | -€33,709 | |
| Operating profit (loss) | 9901 | €29,243 | -€4,811 | -€34,054 | |
| Financial income | 75/76B | €14 | €1 | -€13 | -93.9% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -93.9% |
| Financial charges | 65/66B | €259 | €256 | -€4 | -1.4% |
| Recurring financial charges | 65 | €259 | €256 | -€4 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €28,998 | -€5,066 | -€34,064 | |
| Income taxes | 67/77 | €10,089 | €0 | -€10,089 | -100.0% |
| Profit (loss) for the period | 9904 | €18,908 | -€5,066 | -€23,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,908 | -€5,066 | -€23,974 |
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 9 October 2026 via checked.be.