AL management: 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 management
Largest movements
- Cash +€57,317
up €57,317 (+51.9%), from €110,374 to €167,692
mainly Net result for the year (+€47,907) and Deferred charges and accrued income (+€39,919)
- Deferred charges and accrued income -€39,919
down €39,919 (-48.5%), from €82,315 to €42,396
- Tangible fixed assets +€7,926
up €7,926 (+121%), from €6,536 to €14,461
of which Plant, machinery and equipment: +€9,725
- Reserves +€47,907
up €47,907 (+25.8%), from €186,036 to €233,942
- Other debts -€17,108
down €17,108 (-8.5%), from €202,033 to €184,925
- Accrued charges and deferred income +€15,517
new in 2025: €15,517
- Current portion of long-term debt -€12,306
no longer reported in 2025 (was €12,306)
- Tax, wage and social debts -€8,661
down €8,661 (-30.0%), from €28,877 to €20,216
of which Taxes: -€9,375
- Financial income -€39,994
down €39,994 (-49.3%), from €81,085 to €41,091
- Financial charges +€15,172
up €15,172 (+804%), from €1,887 to €17,060
- Taxes -€10,092
down €10,092 (-52.7%), from €19,152 to €9,060
- Depreciation +€5,064
up €5,064 (+267%), from €1,896 to €6,961
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 | €435,374 | €459,656 | +€24,282 | +5.6% |
| Fixed assets | 21/28 | €241,643 | €249,568 | +€7,926 | +3.3% |
| Tangible fixed assets | 22/27 | €6,536 | €14,461 | +€7,926 | +121% |
| Plant, machinery and equipment | 23 | €1,516 | €11,241 | +€9,725 | +642% |
| Furniture and vehicles | 24 | €5,020 | €3,220 | -€1,799 | -35.8% |
| Financial fixed assets | 28 | €235,107 | €235,107 | = | 0.0% |
| Current assets | 29/58 | €193,731 | €210,088 | +€16,356 | +8.4% |
| Amounts receivable within one year | 40/41 | €1,042 | - | -€1,042 | |
| Trade receivables | 40 | €1,042 | - | -€1,042 | |
| Cash at bank and in hand | 54/58 | €110,374 | €167,692 | +€57,317 | +51.9% |
| Deferred charges and accrued income | 490/1 | €82,315 | €42,396 | -€39,919 | -48.5% |
| Total equity and liabilities | 10/49 | €435,374 | €459,656 | +€24,282 | +5.6% |
| Equity | 10/15 | €189,036 | €236,942 | +€47,907 | +25.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €186,036 | €233,942 | +€47,907 | +25.8% |
| Distributable reserves | 133 | €186,036 | €233,942 | +€47,907 | +25.8% |
| Amounts payable | 17/49 | €246,338 | €222,714 | -€23,625 | -9.6% |
| Amounts payable within one year | 42/48 | €246,338 | €207,197 | -€39,142 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €12,306 | - | -€12,306 | |
| Trade debts | 44 | €3,122 | €2,056 | -€1,067 | -34.2% |
| Suppliers | 440/4 | €3,122 | €2,056 | -€1,067 | -34.2% |
| Taxes, remuneration and social security | 45 | €28,877 | €20,216 | -€8,661 | -30.0% |
| Taxes | 450/3 | €28,048 | €18,673 | -€9,375 | -33.4% |
| Remuneration and social security | 454/9 | €829 | €1,543 | +€714 | +86.2% |
| Other amounts payable | 47/48 | €202,033 | €184,925 | -€17,108 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €15,517 | +€15,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,896 | €6,961 | +€5,064 | +267% |
| Other operating charges | 640/8 | €620 | €631 | +€11 | +1.7% |
| Gross operating margin | 9900 | €40,246 | €40,527 | +€281 | +0.7% |
| Operating profit (loss) | 9901 | €37,730 | €32,936 | -€4,794 | -12.7% |
| Financial income | 75/76B | €81,085 | €41,091 | -€39,994 | -49.3% |
| Recurring financial income | 75 | €81,085 | €41,091 | -€39,994 | -49.3% |
| Financial charges | 65/66B | €1,887 | €17,060 | +€15,172 | +804% |
| Recurring financial charges | 65 | €1,887 | €17,060 | +€15,172 | +804% |
| Profit (loss) for the period before taxes | 9903 | €116,928 | €56,967 | -€59,961 | -51.3% |
| Income taxes | 67/77 | €19,152 | €9,060 | -€10,092 | -52.7% |
| Profit (loss) for the period | 9904 | €97,775 | €47,907 | -€49,869 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,775 | €47,907 | -€49,869 | -51.0% |
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 18 October 2026 via checked.be.