AALSA: 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.
AALSA
Largest movements
- Receivables within one year -€4,796
down €4,796 (-69.2%), from €6,933 to €2,136
of which Trade receivables: -€6,933
- Tangible fixed assets -€4,568
down €4,568 (-38.2%), from €11,945 to €7,376
- Cash -€665
down €665 (-19.1%), from €3,487 to €2,823
mainly Net result for the year (-€3,828) and Trade debts (-€2,480)
- Profit (loss) carried forward -€3,828
down €3,828 (-38.8%), from €9,861 to €6,033
- Trade debts -€2,480
down €2,480 (-85.6%), from €2,897 to €417
- Other debts -€1,813
down €1,813 (-74.8%), from €2,424 to €611
- Tax, wage and social debts -€1,049
down €1,049 (-21.7%), from €4,824 to €3,775
- Accrued charges and deferred income -€770
no longer reported in 2025 (was €770)
- Gross operating margin -€17,046
down €17,046 (-86.5%), from €19,697 to €2,651
- Taxes -€3,176
down €3,176 (-83.9%), from €3,784 to €608
- Depreciation +€319
up €319 (+6.7%), from €4,741 to €5,060
- Other operating charges -€235
down €235 (-52.6%), from €447 to €212
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 | €22,776 | €12,836 | -€9,940 | -43.6% |
| Fixed assets | 21/28 | €11,945 | €7,376 | -€4,568 | -38.2% |
| Tangible fixed assets | 22/27 | €11,945 | €7,376 | -€4,568 | -38.2% |
| Furniture and vehicles | 24 | €11,945 | €7,376 | -€4,568 | -38.2% |
| Current assets | 29/58 | €10,832 | €5,460 | -€5,372 | -49.6% |
| Amounts receivable within one year | 40/41 | €6,933 | €2,136 | -€4,796 | -69.2% |
| Trade receivables | 40 | €6,933 | - | -€6,933 | |
| Other amounts receivable | 41 | - | €2,136 | +€2,136 | |
| Cash at bank and in hand | 54/58 | €3,487 | €2,823 | -€665 | -19.1% |
| Deferred charges and accrued income | 490/1 | €411 | €501 | +€90 | +21.8% |
| Total equity and liabilities | 10/49 | €22,776 | €12,836 | -€9,940 | -43.6% |
| Equity | 10/15 | €11,861 | €8,033 | -€3,828 | -32.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,861 | €6,033 | -€3,828 | -38.8% |
| Amounts payable | 17/49 | €10,915 | €4,804 | -€6,112 | -56.0% |
| Amounts payable within one year | 42/48 | €10,145 | €4,804 | -€5,342 | -52.7% |
| Trade debts | 44 | €2,897 | €417 | -€2,480 | -85.6% |
| Suppliers | 440/4 | €2,897 | €417 | -€2,480 | -85.6% |
| Taxes, remuneration and social security | 45 | €4,824 | €3,775 | -€1,049 | -21.7% |
| Taxes | 450/3 | €4,824 | €3,775 | -€1,049 | -21.7% |
| Other amounts payable | 47/48 | €2,424 | €611 | -€1,813 | -74.8% |
| Accrued charges and deferred income | 492/3 | €770 | - | -€770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,741 | €5,060 | +€319 | +6.7% |
| Other operating charges | 640/8 | €447 | €212 | -€235 | -52.6% |
| Non-recurring operating charges | 66A | - | €551 | +€551 | |
| Gross operating margin | 9900 | €19,697 | €2,651 | -€17,046 | -86.5% |
| Operating profit (loss) | 9901 | €14,509 | -€3,172 | -€17,681 | |
| Financial charges | 65/66B | €31 | €48 | +€17 | +53.0% |
| Recurring financial charges | 65 | €31 | €48 | +€17 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €14,478 | -€3,220 | -€17,698 | |
| Income taxes | 67/77 | €3,784 | €608 | -€3,176 | -83.9% |
| Profit (loss) for the period | 9904 | €10,694 | -€3,828 | -€14,522 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,694 | -€3,828 | -€14,522 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.