A.L.S.: 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.S.
Largest movements
- Cash +€42,682
up €42,682 (+49.4%), from €86,488 to €129,170
mainly Receivables after one year (+€19,333) and Receivables within one year (+€19,300)
- Receivables after one year -€19,333
down €19,333 (-9.4%), from €206,321 to €186,988
of which Other amounts receivable: -€19,333
- Receivables within one year -€19,300
down €19,300 (-22.4%), from €86,282 to €66,982
of which Trade receivables: -€21,587
- Other debts +€6,671
up €6,671 (+59.2%), from €11,272 to €17,942
- Reserves -€5,866
down €5,866 (-5.5%), from €106,779 to €100,912
of which Distributable reserves: -€5,866
- Taxes +€15,255
up €15,255 (+369%), from €4,135 to €19,391
- Gross operating margin +€6,478
up €6,478 (+15.1%), from €43,043 to €49,521
- Depreciation -€4,527
down €4,527 (-38.3%), from €11,826 to €7,299
- Other operating charges +€1,978
up €1,978 (+30.0%), from €6,583 to €8,560
- Financial charges +€1,133
up €1,133 (+963%), from €118 to €1,251
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 | €407,239 | €410,160 | +€2,921 | +0.7% |
| Fixed assets | 21/28 | €12,788 | €10,199 | -€2,589 | -20.2% |
| Tangible fixed assets | 22/27 | €7,688 | €5,099 | -€2,589 | -33.7% |
| Plant, machinery and equipment | 23 | - | €1,731 | +€1,731 | |
| Furniture and vehicles | 24 | €7,688 | €3,369 | -€4,320 | -56.2% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €394,451 | €399,961 | +€5,510 | +1.4% |
| Amounts receivable after more than one year | 29 | €206,321 | €186,988 | -€19,333 | -9.4% |
| Trade receivables | 290 | €72,600 | €72,600 | = | 0.0% |
| Other amounts receivable | 291 | €133,721 | €114,388 | -€19,333 | -14.5% |
| Stocks and contracts in progress | 3 | €10,300 | €10,300 | = | 0.0% |
| Stocks | 30/36 | €10,300 | €10,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,282 | €66,982 | -€19,300 | -22.4% |
| Trade receivables | 40 | €52,770 | €31,183 | -€21,587 | -40.9% |
| Other amounts receivable | 41 | €33,511 | €35,799 | +€2,287 | +6.8% |
| Cash at bank and in hand | 54/58 | €86,488 | €129,170 | +€42,682 | +49.4% |
| Deferred charges and accrued income | 490/1 | €5,060 | €6,521 | +€1,461 | +28.9% |
| Total equity and liabilities | 10/49 | €407,239 | €410,160 | +€2,921 | +0.7% |
| Equity | 10/15 | €309,371 | €303,505 | -€5,866 | -1.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €106,779 | €100,912 | -€5,866 | -5.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €100,629 | €94,762 | -€5,866 | -5.8% |
| Profit (loss) carried forward | 14 | €141,092 | €141,092 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,000 | €60,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,000 | €60,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable | 17/49 | €37,868 | €46,655 | +€8,788 | +23.2% |
| Amounts payable within one year | 42/48 | €37,868 | €46,621 | +€8,753 | +23.1% |
| Trade debts | 44 | €10,462 | €12,969 | +€2,507 | +24.0% |
| Suppliers | 440/4 | €10,462 | €12,969 | +€2,507 | +24.0% |
| Taxes, remuneration and social security | 45 | €16,133 | €15,709 | -€424 | -2.6% |
| Taxes | 450/3 | €14,341 | €13,990 | -€351 | -2.4% |
| Remuneration and social security | 454/9 | €1,792 | €1,719 | -€73 | -4.1% |
| Other amounts payable | 47/48 | €11,272 | €17,942 | +€6,671 | +59.2% |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,826 | €7,299 | -€4,527 | -38.3% |
| Other operating charges | 640/8 | €6,583 | €8,560 | +€1,978 | +30.0% |
| Gross operating margin | 9900 | €43,043 | €49,521 | +€6,478 | +15.1% |
| Operating profit (loss) | 9901 | €24,634 | €33,662 | +€9,027 | +36.6% |
| Financial charges | 65/66B | €118 | €1,251 | +€1,133 | +963% |
| Recurring financial charges | 65 | €118 | €1,251 | +€1,133 | +963% |
| Profit (loss) for the period before taxes | 9903 | €24,517 | €32,411 | +€7,894 | +32.2% |
| Income taxes | 67/77 | €4,135 | €19,391 | +€15,255 | +369% |
| Profit (loss) for the period | 9904 | €20,382 | €13,020 | -€7,361 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,382 | €13,020 | -€7,361 | -36.1% |
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 18 October 2026 via checked.be.