A & L PARTICIPATIONS: what changed
What changed
A & L PARTICIPATIONS
filed annual accounts (NBB)
Net result for the year
€333,815
2024 · €32,930+€300,885
Equity
€8.7m
2024 · €8.3m+€333,815
Cash
€2,065
2024 · €1,809+€256
Balance sheet total
€12.6m
2024 · €11.0m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+107%), from €1.7m to €3.6m
- Financial fixed assets -€339,716
down €339,716 (-3.7%), from €9.1m to €8.7m
Equity and liabilities
- Debts after one year +€960,000
up €960,000 (+64.8%), from €1.5m to €2.4m
- Profit (loss) carried forward +€333,815
up €333,815 (+6.0%), from €5.6m to €5.9m
- Other debts +€278,500
up €278,500 (+24.8%), from €1.1m to €1.4m
Income statement
- Financial income +€294,753
up €294,753 (+276%), from €106,847 to €401,600
- Gross operating margin +€17,067
up €17,067 (+75.4%), from -€22,645 to -€5,578
- Financial charges +€14,684
up €14,684 (+33.8%), from €43,441 to €58,125
- Taxes -€4,747
down €4,747 (-60.6%), from €7,831 to €3,084
- Other operating charges +€998
new in 2025: €998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€32,930
Gross operating margin
+€17,067
Other operating charges
-€998
Financial income
+€294,753
Financial charges
-€14,684
Taxes
+€4,747
Result 2025
€333,815
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.3m
Investment
+€339,716
Financing
+€960,034
Cash 2024
€1,809
From operations (derived)
-€1.3m
Net result for the year
+€333,815
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€86,475
Trade debts
-€11,580
Tax, wage and social debts
-€7,335
Other debts
+€278,500
Accrued charges and deferred income
+€57,393
Investment (derived)
+€339,716
Investment in fixed assets (net)
+€339,716
Financing
+€960,034
Debts after one year
+€960,000
Current portion of long-term debt
+€34
Cash 2025
€2,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,036,206 | €12,647,032 | +€1.6m | +14.6% |
| Fixed assets | 21/28 | €9,077,434 | €8,737,718 | -€339,716 | -3.7% |
| Financial fixed assets | 28 | €9,077,434 | €8,737,718 | -€339,716 | -3.7% |
| Current assets | 29/58 | €1,958,772 | €3,909,315 | +€2.0m | +99.6% |
| Amounts receivable within one year | 40/41 | €1,738,356 | €3,602,168 | +€1.9m | +107% |
| Other amounts receivable | 41 | €1,738,356 | €3,602,168 | +€1.9m | +107% |
| Cash at bank and in hand | 54/58 | €1,809 | €2,065 | +€256 | +14.1% |
| Deferred charges and accrued income | 490/1 | €218,607 | €305,082 | +€86,475 | +39.6% |
| Total equity and liabilities | 10/49 | €11,036,206 | €12,647,032 | +€1.6m | +14.6% |
| Equity | 10/15 | €8,317,032 | €8,650,846 | +€333,815 | +4.0% |
| Contributions | 10/11 | €1,455,758 | €1,455,758 | = | 0.0% |
| Revaluation surpluses | 12 | €756,604 | €756,604 | = | 0.0% |
| Reserves | 13 | €505,870 | €505,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,076 | €1,076 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,076 | €1,076 | = | 0.0% |
| Tax-exempt reserves | 132 | €194,809 | €194,809 | = | 0.0% |
| Distributable reserves | 133 | €309,985 | €309,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,598,800 | €5,932,614 | +€333,815 | +6.0% |
| Amounts payable | 17/49 | €2,719,174 | €3,996,186 | +€1.3m | +47.0% |
| Amounts payable after more than one year | 17 | €1,481,086 | €2,441,086 | +€960,000 | +64.8% |
| Financial debts | 170/4 | €1,481,086 | €2,441,086 | +€960,000 | +64.8% |
| Amounts payable within one year | 42/48 | €1,145,498 | €1,405,117 | +€259,619 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €3,183 | €3,217 | +€34 | +1.1% |
| Trade debts | 44 | €12,264 | €683 | -€11,580 | -94.4% |
| Suppliers | 440/4 | €12,264 | €683 | -€11,580 | -94.4% |
| Taxes, remuneration and social security | 45 | €7,335 | - | -€7,335 | |
| Taxes | 450/3 | €7,335 | - | -€7,335 | |
| Other amounts payable | 47/48 | €1,122,717 | €1,401,217 | +€278,500 | +24.8% |
| Accrued charges and deferred income | 492/3 | €92,591 | €149,983 | +€57,393 | +62.0% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€22,645 | -€5,578 | +€17,067 | +75.4% |
| Operating profit (loss) | 9901 | -€22,645 | -€6,577 | +€16,069 | +71.0% |
| Financial income | 75/76B | €106,847 | €401,600 | +€294,753 | +276% |
| Recurring financial income | 75 | €106,847 | €401,600 | +€294,753 | +276% |
| Financial charges | 65/66B | €43,441 | €58,125 | +€14,684 | +33.8% |
| Recurring financial charges | 65 | €43,441 | €58,125 | +€14,684 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €40,761 | €336,898 | +€296,137 | +727% |
| Income taxes | 67/77 | €7,831 | €3,084 | -€4,747 | -60.6% |
| Profit (loss) for the period | 9904 | €32,930 | €333,815 | +€300,885 | +914% |
| Profit (loss) for the period to be appropriated | 9905 | €32,930 | €333,815 | +€300,885 | +914% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.