AL IN 1: what changed
AL IN 1
Largest movements
- Deferred charges and accrued income +€47,549
up €47,549 (+653%), from €7,281 to €54,829
- Receivables within one year +€47,474
up €47,474 (+11.6%), from €408,708 to €456,183
of which Trade receivables: +€59,418
- Tangible fixed assets -€35,750
down €35,750 (-50.5%), from €70,859 to €35,108
of which Other tangible fixed assets: -€25,085
- Stocks and contracts -€21,787
down €21,787 (-13.4%), from €162,812 to €141,025
- Cash -€16,044
down €16,044 (-32.1%), from €49,975 to €33,932
mainly Net result for the year (-€53,318) and Deferred charges and accrued income (-€47,549)
- Profit (loss) carried forward -€53,318
down €53,318 (-28.7%), from €185,461 to €132,143
- Debts after one year +€26,218
up €26,218 (+57.1%), from €45,943 to €72,162
- Trade debts +€22,369
up €22,369 (+21.2%), from €105,371 to €127,741
- Current portion of long-term debt +€14,746
up €14,746 (+65.3%), from €22,564 to €37,310
- Other debts +€9,191
up €9,191 (+65.8%), from €13,963 to €23,154
- Gross operating margin -€38,833
down €38,833 (-17.5%), from €222,289 to €183,455
- Staff costs +€25,002
up €25,002 (+15.4%), from €162,646 to €187,647
- Other operating charges +€11,366
up €11,366 (+465%), from €2,445 to €13,811
- Taxes -€6,383
down €6,383 (-92.6%), from €6,890 to €507
- Depreciation -€6,361
down €6,361 (-20.0%), from €31,863 to €25,502
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,118 | €728,560 | +€10,442 | +1.5% |
| Fixed assets | 21/28 | €89,343 | €42,592 | -€46,750 | -52.3% |
| Intangible fixed assets | 21 | €14,134 | €3,134 | -€11,000 | -77.8% |
| Tangible fixed assets | 22/27 | €70,859 | €35,108 | -€35,750 | -50.5% |
| Plant, machinery and equipment | 23 | €12,586 | €10,709 | -€1,877 | -14.9% |
| Furniture and vehicles | 24 | €16,436 | €7,648 | -€8,789 | -53.5% |
| Other tangible fixed assets | 26 | €41,836 | €16,751 | -€25,085 | -60.0% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €628,775 | €685,968 | +€57,193 | +9.1% |
| Stocks and contracts in progress | 3 | €162,812 | €141,025 | -€21,787 | -13.4% |
| Stocks | 30/36 | €162,812 | €141,025 | -€21,787 | -13.4% |
| Amounts receivable within one year | 40/41 | €408,708 | €456,183 | +€47,474 | +11.6% |
| Trade receivables | 40 | €118,073 | €177,491 | +€59,418 | +50.3% |
| Other amounts receivable | 41 | €290,636 | €278,692 | -€11,944 | -4.1% |
| Cash at bank and in hand | 54/58 | €49,975 | €33,932 | -€16,044 | -32.1% |
| Deferred charges and accrued income | 490/1 | €7,281 | €54,829 | +€47,549 | +653% |
| Total equity and liabilities | 10/49 | €718,118 | €728,560 | +€10,442 | +1.5% |
| Equity | 10/15 | €449,876 | €396,558 | -€53,318 | -11.9% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €254,216 | €254,216 | = | 0.0% |
| Distributable reserves | 133 | €254,216 | €254,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,461 | €132,143 | -€53,318 | -28.7% |
| Amounts payable | 17/49 | €268,242 | €332,002 | +€63,760 | +23.8% |
| Amounts payable after more than one year | 17 | €45,943 | €72,162 | +€26,218 | +57.1% |
| Financial debts | 170/4 | €45,943 | €72,162 | +€26,218 | +57.1% |
| Amounts payable within one year | 42/48 | €221,648 | €258,731 | +€37,083 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €22,564 | €37,310 | +€14,746 | +65.3% |
| Financial debts | 43 | €15,356 | €15,308 | -€48 | -0.3% |
| Credit institutions | 430/8 | €15,356 | €15,308 | -€48 | -0.3% |
| Trade debts | 44 | €105,371 | €127,741 | +€22,369 | +21.2% |
| Suppliers | 440/4 | €105,371 | €127,741 | +€22,369 | +21.2% |
| Taxes, remuneration and social security | 45 | €64,394 | €55,219 | -€9,175 | -14.2% |
| Taxes | 450/3 | €41,375 | €28,683 | -€12,692 | -30.7% |
| Remuneration and social security | 454/9 | €23,019 | €26,536 | +€3,517 | +15.3% |
| Other amounts payable | 47/48 | €13,963 | €23,154 | +€9,191 | +65.8% |
| Accrued charges and deferred income | 492/3 | €651 | €1,109 | +€459 | +70.5% |
| Remuneration, social security and pensions | 62 | €162,646 | €187,647 | +€25,002 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,863 | €25,502 | -€6,361 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,326 | -€1,191 | -€2,517 | |
| Other operating charges | 640/8 | €2,445 | €13,811 | +€11,366 | +465% |
| Gross operating margin | 9900 | €222,289 | €183,455 | -€38,833 | -17.5% |
| Operating profit (loss) | 9901 | €24,009 | -€42,313 | -€66,323 | |
| Financial income | 75/76B | €1,535 | €308 | -€1,227 | -79.9% |
| Recurring financial income | 75 | €1,535 | €308 | -€1,227 | -79.9% |
| Financial charges | 65/66B | €11,465 | €10,806 | -€659 | -5.7% |
| Recurring financial charges | 65 | €11,465 | €10,806 | -€659 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €14,079 | -€52,811 | -€66,891 | |
| Income taxes | 67/77 | €6,890 | €507 | -€6,383 | -92.6% |
| Profit (loss) for the period | 9904 | €7,189 | -€53,318 | -€60,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,189 | -€53,318 | -€60,508 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.