AL-IN: 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-IN
Largest movements
- Receivables within one year -€96,767
down €96,767 (-67.0%), from €144,350 to €47,583
of which Trade receivables: -€51,502
- Cash -€95,176
down €95,176 (-59.7%), from €159,540 to €64,364
mainly Trade debts (-€149,236) and Investment in fixed assets (net) (-€51,910)
- Stocks and contracts -€37,898
down €37,898 (-29.6%), from €127,938 to €90,040
of which Contracts in progress: -€36,417
- Tangible fixed assets +€25,346
up €25,346 (+10.0%), from €253,243 to €278,589
of which Land and buildings: +€24,817
- Trade debts -€149,236
down €149,236 (-68.8%), from €217,002 to €67,767
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€24,636
down €24,636 (-16.7%), from €147,116 to €122,480
- Profit (loss) carried forward +€20,437
up €20,437 (+25.9%), from €79,008 to €99,445
- Tax, wage and social debts +€10,175
up €10,175 (+321%), from €3,166 to €13,341
of which Remuneration and social security: +€9,806
- Depreciation +€6,912
up €6,912 (+35.2%), from €19,651 to €26,564
- Gross operating margin -€6,181
down €6,181 (-3.2%), from €191,851 to €185,670
- Staff costs +€5,047
up €5,047 (+5.7%), from €87,891 to €92,938
- Financial income +€4,486
up €4,486 (+21,414%), from €21 to €4,507
of which Non-recurring financial income: +€4,500
- Financial charges -€4,443
down €4,443 (-28.4%), from €15,666 to €11,223
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 | €688,031 | €485,347 | -€202,684 | -29.5% |
| Fixed assets | 21/28 | €253,243 | €278,589 | +€25,346 | +10.0% |
| Tangible fixed assets | 22/27 | €253,243 | €278,589 | +€25,346 | +10.0% |
| Land and buildings | 22 | €204,111 | €228,927 | +€24,817 | +12.2% |
| Plant, machinery and equipment | 23 | €14,972 | €15,658 | +€687 | +4.6% |
| Furniture and vehicles | 24 | €34,161 | €34,004 | -€157 | -0.5% |
| Current assets | 29/58 | €434,788 | €206,757 | -€228,031 | -52.4% |
| Stocks and contracts in progress | 3 | €127,938 | €90,040 | -€37,898 | -29.6% |
| Stocks | 30/36 | €61,453 | €59,972 | -€1,481 | -2.4% |
| Contracts in progress | 37 | €66,485 | €30,068 | -€36,417 | -54.8% |
| Amounts receivable within one year | 40/41 | €144,350 | €47,583 | -€96,767 | -67.0% |
| Trade receivables | 40 | €97,243 | €45,741 | -€51,502 | -53.0% |
| Other amounts receivable | 41 | €47,107 | €1,842 | -€45,265 | -96.1% |
| Cash at bank and in hand | 54/58 | €159,540 | €64,364 | -€95,176 | -59.7% |
| Deferred charges and accrued income | 490/1 | €2,960 | €4,771 | +€1,811 | +61.2% |
| Total equity and liabilities | 10/49 | €688,031 | €485,347 | -€202,684 | -29.5% |
| Equity | 10/15 | €106,268 | €126,705 | +€20,437 | +19.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €6,800 | €6,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,800 | €6,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,008 | €99,445 | +€20,437 | +25.9% |
| Amounts payable | 17/49 | €581,763 | €358,642 | -€223,122 | -38.4% |
| Amounts payable after more than one year | 17 | €147,116 | €122,480 | -€24,636 | -16.7% |
| Financial debts | 170/4 | €147,116 | €122,480 | -€24,636 | -16.7% |
| Amounts payable within one year | 42/48 | €428,189 | €227,663 | -€200,526 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €23,884 | €24,636 | +€753 | +3.2% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €217,002 | €67,767 | -€149,236 | -68.8% |
| Suppliers | 440/4 | €217,002 | €67,767 | -€149,236 | -68.8% |
| Advances received on contracts in progress | 46 | €13,286 | €9,315 | -€3,971 | -29.9% |
| Taxes, remuneration and social security | 45 | €3,166 | €13,341 | +€10,175 | +321% |
| Taxes | 450/3 | - | €369 | +€369 | |
| Remuneration and social security | 454/9 | €3,166 | €12,972 | +€9,806 | +310% |
| Other amounts payable | 47/48 | €120,851 | €112,604 | -€8,247 | -6.8% |
| Accrued charges and deferred income | 492/3 | €6,458 | €8,498 | +€2,041 | +31.6% |
| Remuneration, social security and pensions | 62 | €87,891 | €92,938 | +€5,047 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,651 | €26,564 | +€6,912 | +35.2% |
| Other operating charges | 640/8 | €2,655 | €3,823 | +€1,168 | +44.0% |
| Gross operating margin | 9900 | €191,851 | €185,670 | -€6,181 | -3.2% |
| Operating profit (loss) | 9901 | €81,653 | €62,345 | -€19,309 | -23.6% |
| Financial income | 75/76B | €21 | €4,507 | +€4,486 | +21,414% |
| Recurring financial income | 75 | €21 | €7 | -€14 | -65.5% |
| Non-recurring financial income | 76B | - | €4,500 | +€4,500 | |
| Financial charges | 65/66B | €15,666 | €11,223 | -€4,443 | -28.4% |
| Recurring financial charges | 65 | €15,666 | €11,223 | -€4,443 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €66,008 | €55,629 | -€10,379 | -15.7% |
| Income taxes | 67/77 | €7,213 | €7,692 | +€479 | +6.6% |
| Profit (loss) for the period | 9904 | €58,795 | €47,937 | -€10,858 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,795 | €47,937 | -€10,858 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.