A.L.S.: 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.S.
Largest movements
- Tangible fixed assets -€15,307
down €15,307 (-11.0%), from €138,968 to €123,661
- Profit (loss) carried forward -€20,071
down €20,071 (-3.2%), from €632,658 to €612,588
- Financial charges -€2,547
down €2,547 (-50.3%), from €5,059 to €2,512
- Financial income +€446
up €446 (+3.8%), from €11,635 to €12,081
- Other operating charges +€163
up €163 (+4.2%), from €3,852 to €4,015
- Gross operating margin +€118
up €118 (+5.3%), from €2,225 to €2,344
- Depreciation +€79
up €79 (+0.5%), from €15,228 to €15,307
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 | €677,686 | €657,873 | -€19,813 | -2.9% |
| Fixed assets | 21/28 | €317,292 | €300,473 | -€16,819 | -5.3% |
| Tangible fixed assets | 22/27 | €138,968 | €123,661 | -€15,307 | -11.0% |
| Land and buildings | 22 | €138,968 | €123,661 | -€15,307 | -11.0% |
| Financial fixed assets | 28 | €178,323 | €176,812 | -€1,512 | -0.8% |
| Current assets | 29/58 | €360,395 | €357,401 | -€2,994 | -0.8% |
| Amounts receivable within one year | 40/41 | €2,500 | €4,237 | +€1,737 | +69.5% |
| Trade receivables | 40 | €367 | €248 | -€119 | -32.4% |
| Other amounts receivable | 41 | €2,133 | €3,989 | +€1,856 | +87.0% |
| Current investments | 50/53 | €345,644 | €339,473 | -€6,171 | -1.8% |
| Cash at bank and in hand | 54/58 | €12,251 | €13,691 | +€1,440 | +11.8% |
| Total equity and liabilities | 10/49 | €677,686 | €657,873 | -€19,813 | -2.9% |
| Equity | 10/15 | €664,837 | €644,767 | -€20,071 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,587 | €13,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €11,728 | €13,587 | +€1,859 | +15.9% |
| Profit (loss) carried forward | 14 | €632,658 | €612,588 | -€20,071 | -3.2% |
| Amounts payable | 17/49 | €12,849 | €13,107 | +€258 | +2.0% |
| Amounts payable within one year | 42/48 | €12,849 | €13,107 | +€258 | +2.0% |
| Trade debts | 44 | €27 | - | -€27 | |
| Suppliers | 440/4 | €27 | - | -€27 | |
| Other amounts payable | 47/48 | €12,822 | €13,107 | +€284 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,228 | €15,307 | +€79 | +0.5% |
| Other operating charges | 640/8 | €3,852 | €4,015 | +€163 | +4.2% |
| Gross operating margin | 9900 | €2,225 | €2,344 | +€118 | +5.3% |
| Operating profit (loss) | 9901 | -€16,855 | -€16,978 | -€123 | -0.7% |
| Financial income | 75/76B | €11,635 | €12,081 | +€446 | +3.8% |
| Recurring financial income | 75 | €11,635 | €12,081 | +€446 | +3.8% |
| Financial charges | 65/66B | €5,059 | €2,512 | -€2,547 | -50.3% |
| Recurring financial charges | 65 | €5,059 | €2,512 | -€2,547 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,279 | -€7,409 | +€2,870 | +27.9% |
| Income taxes | 67/77 | -€0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€10,279 | -€7,409 | +€2,870 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,279 | -€7,409 | +€2,870 | +27.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.