AL 33: 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.
AL 33
Largest movements
- Cash -€92,133
down €92,133 (-70.8%), from €130,181 to €38,048
mainly Other debts (-€235,857) and Advances received (-€13,798)
- Tangible fixed assets -€47,532
down €47,532 (-4.6%), from €1.0m to €975,158
- Other debts -€235,857
down €235,857 (-85.5%), from €275,907 to €40,051
- Reserves +€70,114
up €70,114 (+67.9%), from €103,280 to €173,394
- Debts after one year +€30,044
up €30,044 (+6.2%), from €484,410 to €514,454
- Current portion of long-term debt +€22,501
up €22,501 (+26.6%), from €84,718 to €107,219
- Advances received -€13,798
down €13,798 (-100%), from €13,798 to €0
- Gross operating margin +€2,487
up €2,487 (+1.5%), from €166,459 to €168,946
- Financial charges +€1,839
up €1,839 (+17.3%), from €10,656 to €12,495
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 | €1,178,332 | €1,037,617 | -€140,714 | -11.9% |
| Fixed assets | 21/28 | €1,022,690 | €975,158 | -€47,532 | -4.6% |
| Tangible fixed assets | 22/27 | €1,022,690 | €975,158 | -€47,532 | -4.6% |
| Land and buildings | 22 | €1,022,690 | €975,158 | -€47,532 | -4.6% |
| Current assets | 29/58 | €155,642 | €62,459 | -€93,183 | -59.9% |
| Amounts receivable within one year | 40/41 | €24,954 | €24,324 | -€631 | -2.5% |
| Trade receivables | 40 | €6,484 | €22,524 | +€16,039 | +247% |
| Other amounts receivable | 41 | €18,470 | €1,800 | -€16,670 | -90.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €130,181 | €38,048 | -€92,133 | -70.8% |
| Deferred charges and accrued income | 490/1 | €507 | €87 | -€420 | -82.8% |
| Total equity and liabilities | 10/49 | €1,178,332 | €1,037,617 | -€140,714 | -11.9% |
| Equity | 10/15 | €303,280 | €373,394 | +€70,114 | +23.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €103,280 | €173,394 | +€70,114 | +67.9% |
| Distributable reserves | 133 | €103,280 | €173,394 | +€70,114 | +67.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €875,051 | €664,223 | -€210,828 | -24.1% |
| Amounts payable after more than one year | 17 | €484,410 | €514,454 | +€30,044 | +6.2% |
| Financial debts | 170/4 | €484,410 | €514,454 | +€30,044 | +6.2% |
| Amounts payable within one year | 42/48 | €390,642 | €149,769 | -€240,872 | -61.7% |
| Current portion of amounts payable after more than one year | 42 | €84,718 | €107,219 | +€22,501 | +26.6% |
| Trade debts | 44 | €2,500 | €2,500 | = | 0.0% |
| Suppliers | 440/4 | €2,500 | €2,500 | = | 0.0% |
| Advances received on contracts in progress | 46 | €13,798 | €0 | -€13,798 | -100% |
| Taxes, remuneration and social security | 45 | €13,719 | €0 | -€13,719 | -100% |
| Taxes | 450/3 | €13,719 | €0 | -€13,719 | -100% |
| Other amounts payable | 47/48 | €275,907 | €40,051 | -€235,857 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,532 | €47,532 | = | 0.0% |
| Other operating charges | 640/8 | €15,054 | €15,989 | +€935 | +6.2% |
| Gross operating margin | 9900 | €166,459 | €168,946 | +€2,487 | +1.5% |
| Operating profit (loss) | 9901 | €103,873 | €105,425 | +€1,552 | +1.5% |
| Financial income | 75/76B | €716 | €693 | -€23 | -3.2% |
| Recurring financial income | 75 | €716 | €693 | -€23 | -3.2% |
| Financial charges | 65/66B | €10,656 | €12,495 | +€1,839 | +17.3% |
| Recurring financial charges | 65 | €10,656 | €12,495 | +€1,839 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €93,933 | €93,623 | -€310 | -0.3% |
| Income taxes | 67/77 | €23,812 | €23,509 | -€303 | -1.3% |
| Profit (loss) for the period | 9904 | €70,121 | €70,114 | -€7 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,121 | €70,114 | -€7 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.