A.L. MASURE: 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. MASURE
Largest movements
- Current investments +€91,886
up €91,886 (+21.2%), from €434,421 to €526,307
- Tangible fixed assets -€24,908
down €24,908 (-4.1%), from €604,664 to €579,755
of which Land and buildings: -€17,338
- Reserves +€108,319
up €108,319 (+13.4%), from €808,867 to €917,186
- Debts after one year -€37,937
down €37,937 (-16.7%), from €227,799 to €189,862
- Current portion of long-term debt -€20,338
down €20,338 (-32.4%), from €62,769 to €42,431
- Tax, wage and social debts +€13,102
up €13,102 (+60.3%), from €21,723 to €34,825
- Gross operating margin +€34,777
up €34,777 (+22.7%), from €153,358 to €188,135
- Financial income -€7,278
down €7,278 (-59.5%), from €12,222 to €4,945
- Financial charges +€2,627
up €2,627 (+45.9%), from €5,726 to €8,352
- Taxes +€2,197
up €2,197 (+5.3%), from €41,247 to €43,444
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 | €1,131,037 | €1,194,568 | +€63,531 | +5.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €604,664 | €579,755 | -€24,908 | -4.1% |
| Tangible fixed assets | 22/27 | €604,664 | €579,755 | -€24,908 | -4.1% |
| Land and buildings | 22 | €592,176 | €574,839 | -€17,338 | -2.9% |
| Plant, machinery and equipment | 23 | €2,738 | €2,010 | -€727 | -26.6% |
| Furniture and vehicles | 24 | €9,750 | €2,906 | -€6,844 | -70.2% |
| Current assets | 29/58 | €526,374 | €614,813 | +€88,439 | +16.8% |
| Amounts receivable within one year | 40/41 | €6,604 | €13,961 | +€7,357 | +111% |
| Other amounts receivable | 41 | €6,604 | €13,961 | +€7,357 | +111% |
| Current investments | 50/53 | €434,421 | €526,307 | +€91,886 | +21.2% |
| Cash at bank and in hand | 54/58 | €83,792 | €73,262 | -€10,531 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,556 | €1,283 | -€273 | -17.5% |
| Total equity and liabilities | 10/49 | €1,131,037 | €1,194,568 | +€63,531 | +5.6% |
| Equity | 10/15 | €815,067 | €923,386 | +€108,319 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €808,867 | €917,186 | +€108,319 | +13.4% |
| Distributable reserves | 133 | €808,867 | €917,186 | +€108,319 | +13.4% |
| Amounts payable | 17/49 | €315,971 | €271,182 | -€44,789 | -14.2% |
| Amounts payable after more than one year | 17 | €227,799 | €189,862 | -€37,937 | -16.7% |
| Financial debts | 170/4 | €227,799 | €189,862 | -€37,937 | -16.7% |
| Amounts payable within one year | 42/48 | €88,100 | €81,320 | -€6,780 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €62,769 | €42,431 | -€20,338 | -32.4% |
| Trade debts | 44 | €3,608 | €4,064 | +€455 | +12.6% |
| Suppliers | 440/4 | €3,608 | €4,064 | +€455 | +12.6% |
| Taxes, remuneration and social security | 45 | €21,723 | €34,825 | +€13,102 | +60.3% |
| Taxes | 450/3 | €21,723 | €34,825 | +€13,102 | +60.3% |
| Accrued charges and deferred income | 492/3 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,528 | €26,412 | +€884 | +3.5% |
| Other operating charges | 640/8 | €5,517 | €6,551 | +€1,034 | +18.7% |
| Gross operating margin | 9900 | €153,358 | €188,135 | +€34,777 | +22.7% |
| Operating profit (loss) | 9901 | €122,313 | €155,171 | +€32,858 | +26.9% |
| Financial income | 75/76B | €12,222 | €4,945 | -€7,278 | -59.5% |
| Recurring financial income | 75 | €12,222 | €4,945 | -€7,278 | -59.5% |
| Financial charges | 65/66B | €5,726 | €8,352 | +€2,627 | +45.9% |
| Recurring financial charges | 65 | €5,726 | €8,352 | +€2,627 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €128,809 | €151,763 | +€22,954 | +17.8% |
| Income taxes | 67/77 | €41,247 | €43,444 | +€2,197 | +5.3% |
| Profit (loss) for the period | 9904 | €87,563 | €108,319 | +€20,757 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,563 | €108,319 | +€20,757 | +23.7% |
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 14 October 2026 via checked.be.