AL and BE: 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 and BE
Largest movements
- Tangible fixed assets +€20,453
up €20,453 (+130%), from €15,714 to €36,168
of which Furniture and vehicles: +€13,045
- Cash -€15,893
down €15,893 (-85.2%), from €18,662 to €2,768
mainly Investment in fixed assets (net) (-€27,404) and Trade debts (-€13,538)
- Receivables within one year +€5,356
up €5,356 (+65.0%), from €8,238 to €13,594
of which Other amounts receivable: +€8,640
- Deferred charges and accrued income +€2,769
up €2,769 (+1,066%), from €260 to €3,028
- Profit (loss) carried forward +€24,295
up €24,295 (+155%), from €15,624 to €39,919
- Trade debts -€13,538
down €13,538 (-84.4%), from €16,050 to €2,511
- Other debts +€1,245
up €1,245 (+115%), from €1,079 to €2,324
- Tax, wage and social debts +€671
up €671 (+9.4%), from €7,121 to €7,792
of which Taxes: +€3,335
- Gross operating margin +€37,761
up €37,761 (+169%), from €22,319 to €60,081
- Staff costs +€11,949
new in 2025: €11,949
- Depreciation +€5,965
up €5,965 (+605%), from €986 to €6,951
- Taxes +€2,654
up €2,654 (+64.4%), from €4,121 to €6,774
- Other operating charges +€960
up €960 (+125%), from €768 to €1,727
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 | €42,874 | €55,559 | +€12,684 | +29.6% |
| Fixed assets | 21/28 | €15,714 | €36,168 | +€20,453 | +130% |
| Tangible fixed assets | 22/27 | €15,714 | €36,168 | +€20,453 | +130% |
| Plant, machinery and equipment | 23 | - | €7,408 | +€7,408 | |
| Furniture and vehicles | 24 | €15,714 | €28,760 | +€13,045 | +83.0% |
| Current assets | 29/58 | €27,160 | €19,391 | -€7,769 | -28.6% |
| Amounts receivable within one year | 40/41 | €8,238 | €13,594 | +€5,356 | +65.0% |
| Trade receivables | 40 | €5,029 | €1,746 | -€3,284 | -65.3% |
| Other amounts receivable | 41 | €3,209 | €11,849 | +€8,640 | +269% |
| Cash at bank and in hand | 54/58 | €18,662 | €2,768 | -€15,893 | -85.2% |
| Deferred charges and accrued income | 490/1 | €260 | €3,028 | +€2,769 | +1,066% |
| Total equity and liabilities | 10/49 | €42,874 | €55,559 | +€12,684 | +29.6% |
| Equity | 10/15 | €18,624 | €42,919 | +€24,295 | +130% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,624 | €39,919 | +€24,295 | +155% |
| Amounts payable | 17/49 | €24,250 | €12,639 | -€11,611 | -47.9% |
| Amounts payable within one year | 42/48 | €24,250 | €12,639 | -€11,611 | -47.9% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €16,050 | €2,511 | -€13,538 | -84.4% |
| Suppliers | 440/4 | €16,050 | €2,511 | -€13,538 | -84.4% |
| Taxes, remuneration and social security | 45 | €7,121 | €7,792 | +€671 | +9.4% |
| Taxes | 450/3 | €4,121 | €7,456 | +€3,335 | +80.9% |
| Remuneration and social security | 454/9 | €3,000 | €336 | -€2,664 | -88.8% |
| Other amounts payable | 47/48 | €1,079 | €2,324 | +€1,245 | +115% |
| Remuneration, social security and pensions | 62 | - | €11,949 | +€11,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €6,951 | +€5,965 | +605% |
| Other operating charges | 640/8 | €768 | €1,727 | +€960 | +125% |
| Non-recurring operating charges | 66A | - | €7,441 | +€7,441 | |
| Gross operating margin | 9900 | €22,319 | €60,081 | +€37,761 | +169% |
| Operating profit (loss) | 9901 | €20,566 | €32,012 | +€11,446 | +55.7% |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Non-recurring financial income | 76B | €38 | - | -€38 | |
| Financial charges | 65/66B | - | €109 | +€109 | |
| Recurring financial charges | 65 | - | €109 | +€109 | |
| Profit (loss) for the period before taxes | 9903 | €20,604 | €31,902 | +€11,298 | +54.8% |
| Income taxes | 67/77 | €4,121 | €6,774 | +€2,654 | +64.4% |
| Profit (loss) for the period | 9904 | €16,483 | €25,128 | +€8,645 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,483 | €25,128 | +€8,645 | +52.4% |
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 31 October 2026 via checked.be.