AL MANAGEMENT: 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.
AL MANAGEMENT
Largest movements
- Receivables within one year -€18,372
down €18,372 (-61.1%), from €30,076 to €11,704
of which Other amounts receivable: -€22,404
- Cash +€9,066
up €9,066 (+27.4%), from €33,104 to €42,170
mainly Net result for the year (+€41,480) and Receivables within one year (+€18,372)
- Other debts -€46,715
down €46,715 (-85.4%), from €54,690 to €7,975
- Profit (loss) carried forward +€38,803
up €38,803 (+1646.3%), from €2,357 to €41,160
- Tax, wage and social debts -€1,359
down €1,359 (-18.5%), from €7,330 to €5,972
- Gross operating margin +€34,197
up €34,197 (+135.7%), from €25,205 to €59,402
- Taxes +€11,507
up €11,507 (+330.2%), from €3,485 to €14,991
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 | €65,852 | €57,080 | -€8,772 | -13.3% |
| Fixed assets | 21/28 | €1,658 | €1,785 | +€127 | +7.7% |
| Tangible fixed assets | 22/27 | €1,658 | €1,785 | +€127 | +7.7% |
| Furniture and vehicles | 24 | €1,658 | €1,785 | +€127 | +7.7% |
| Current assets | 29/58 | €64,194 | €55,295 | -€8,899 | -13.9% |
| Amounts receivable within one year | 40/41 | €30,076 | €11,704 | -€18,372 | -61.1% |
| Trade receivables | 40 | €7,260 | €11,292 | +€4,032 | +55.5% |
| Other amounts receivable | 41 | €22,816 | €412 | -€22,404 | -98.2% |
| Cash at bank and in hand | 54/58 | €33,104 | €42,170 | +€9,066 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,421 | +€406 | +40.0% |
| Total equity and liabilities | 10/49 | €65,852 | €57,080 | -€8,772 | -13.3% |
| Equity | 10/15 | €2,857 | €41,660 | +€38,803 | +1358.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,357 | €41,160 | +€38,803 | +1646.3% |
| Amounts payable | 17/49 | €62,995 | €15,419 | -€47,576 | -75.5% |
| Amounts payable within one year | 42/48 | €62,566 | €15,028 | -€47,538 | -76.0% |
| Trade debts | 44 | €546 | €1,081 | +€536 | +98.2% |
| Suppliers | 440/4 | €546 | €1,081 | +€536 | +98.2% |
| Taxes, remuneration and social security | 45 | €7,330 | €5,972 | -€1,359 | -18.5% |
| Taxes | 450/3 | €7,330 | €5,972 | -€1,359 | -18.5% |
| Other amounts payable | 47/48 | €54,690 | €7,975 | -€46,715 | -85.4% |
| Accrued charges and deferred income | 492/3 | €430 | €392 | -€38 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €899 | +€77 | +9.3% |
| Other operating charges | 640/8 | €200 | €120 | -€80 | -40.0% |
| Gross operating margin | 9900 | €25,205 | €59,402 | +€34,197 | +135.7% |
| Operating profit (loss) | 9901 | €24,182 | €58,383 | +€34,201 | +141.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,194 | €1,912 | -€282 | -12.9% |
| Recurring financial charges | 65 | €2,194 | €1,912 | -€282 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €21,990 | €56,471 | +€34,480 | +156.8% |
| Income taxes | 67/77 | €3,485 | €14,991 | +€11,507 | +330.2% |
| Profit (loss) for the period | 9904 | €18,506 | €41,480 | +€22,974 | +124.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,506 | €41,480 | +€22,974 | +124.1% |
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 5 October 2026 via checked.be.