AL MARKT: 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 MARKT
Largest movements
- Stocks and contracts +€41,365
up €41,365 (+5.6%), from €734,790 to €776,154
- Cash -€34,507
down €34,507 (-46.8%), from €73,731 to €39,224
mainly Investment in fixed assets (net) (-€77,251) and Trade debts (-€46,288)
- Receivables within one year -€20,253
down €20,253 (-4.8%), from €420,764 to €400,511
of which Trade receivables: -€30,576
- Tangible fixed assets -€18,691
down €18,691 (-6.1%), from €306,368 to €287,676
of which Plant, machinery and equipment: -€35,737
- Other debts +€91,408
up €91,408 (+2732.9%), from €3,345 to €94,753
- Trade debts -€46,288
down €46,288 (-7.4%), from €624,678 to €578,391
of which Suppliers: -€28,295
- Short-term financial debts -€40,000
down €40,000 (-8.9%), from €450,000 to €410,000
- Debts after one year -€33,143
down €33,143 (-15.5%), from €213,247 to €180,104
of which Financial debts: -€33,143
- Gross operating margin -€57,184
down €57,184 (-8.8%), from €650,057 to €592,872
- Other operating charges -€17,651
down €17,651 (-61.2%), from €28,818 to €11,167
- Staff costs -€17,220
down €17,220 (-3.5%), from €493,629 to €476,409
- Financial income +€14,139
up €14,139 (+46.4%), from €30,462 to €44,601
- Financial charges -€13,295
down €13,295 (-21.2%), from €62,608 to €49,314
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 | €1,580,530 | €1,555,298 | -€25,232 | -1.6% |
| Fixed assets | 21/28 | €330,367 | €308,259 | -€22,107 | -6.7% |
| Intangible fixed assets | 21 | €17,256 | €13,840 | -€3,416 | -19.8% |
| Tangible fixed assets | 22/27 | €306,368 | €287,676 | -€18,691 | -6.1% |
| Plant, machinery and equipment | 23 | €143,317 | €107,580 | -€35,737 | -24.9% |
| Furniture and vehicles | 24 | €85,703 | €61,955 | -€23,748 | -27.7% |
| Leasing and similar rights | 25 | €13,686 | €10,578 | -€3,109 | -22.7% |
| Other tangible fixed assets | 26 | €63,662 | €107,564 | +€43,903 | +69.0% |
| Financial fixed assets | 28 | €6,743 | €6,743 | = | 0.0% |
| Current assets | 29/58 | €1,250,163 | €1,247,038 | -€3,125 | -0.2% |
| Amounts receivable after more than one year | 29 | €8,567 | €20,582 | +€12,015 | +140.3% |
| Other amounts receivable | 291 | €8,567 | €20,582 | +€12,015 | +140.3% |
| Stocks and contracts in progress | 3 | €734,790 | €776,154 | +€41,365 | +5.6% |
| Stocks | 30/36 | €734,790 | €776,154 | +€41,365 | +5.6% |
| Amounts receivable within one year | 40/41 | €420,764 | €400,511 | -€20,253 | -4.8% |
| Trade receivables | 40 | €274,303 | €243,727 | -€30,576 | -11.1% |
| Other amounts receivable | 41 | €146,461 | €156,784 | +€10,323 | +7.0% |
| Cash at bank and in hand | 54/58 | €73,731 | €39,224 | -€34,507 | -46.8% |
| Deferred charges and accrued income | 490/1 | €12,312 | €10,567 | -€1,744 | -14.2% |
| Total equity and liabilities | 10/49 | €1,580,530 | €1,555,298 | -€25,232 | -1.6% |
| Equity | 10/15 | €170,721 | €171,946 | +€1,225 | +0.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €108,721 | €109,946 | +€1,225 | +1.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €102,521 | €103,746 | +€1,225 | +1.2% |
| Amounts payable | 17/49 | €1,409,809 | €1,383,352 | -€26,457 | -1.9% |
| Amounts payable after more than one year | 17 | €213,247 | €180,104 | -€33,143 | -15.5% |
| Financial debts | 170/4 | €178,247 | €145,104 | -€33,143 | -18.6% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,196,453 | €1,202,477 | +€6,024 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €70,371 | €71,709 | +€1,338 | +1.9% |
| Financial debts | 43 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Credit institutions | 430/8 | €450,000 | €410,000 | -€40,000 | -8.9% |
| Trade debts | 44 | €624,678 | €578,391 | -€46,288 | -7.4% |
| Suppliers | 440/4 | €546,047 | €517,752 | -€28,295 | -5.2% |
| Bills of exchange payable | 441 | €78,632 | €60,639 | -€17,993 | -22.9% |
| Taxes, remuneration and social security | 45 | €48,059 | €47,625 | -€435 | -0.9% |
| Taxes | 450/3 | €14,033 | €14,994 | +€961 | +6.8% |
| Remuneration and social security | 454/9 | €34,026 | €32,631 | -€1,395 | -4.1% |
| Other amounts payable | 47/48 | €3,345 | €94,753 | +€91,408 | +2732.9% |
| Accrued charges and deferred income | 492/3 | €109 | €771 | +€662 | +608.8% |
| Remuneration, social security and pensions | 62 | €493,629 | €476,409 | -€17,220 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,383 | €99,359 | +€6,976 | +7.6% |
| Other operating charges | 640/8 | €28,818 | €11,167 | -€17,651 | -61.2% |
| Gross operating margin | 9900 | €650,057 | €592,872 | -€57,184 | -8.8% |
| Operating profit (loss) | 9901 | €35,227 | €5,937 | -€29,290 | -83.1% |
| Financial income | 75/76B | €30,462 | €44,601 | +€14,139 | +46.4% |
| Recurring financial income | 75 | €30,462 | €44,601 | +€14,139 | +46.4% |
| Financial charges | 65/66B | €62,608 | €49,314 | -€13,295 | -21.2% |
| Recurring financial charges | 65 | €62,608 | €49,314 | -€13,295 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €3,081 | €1,225 | -€1,856 | -60.2% |
| Profit (loss) for the period | 9904 | €3,081 | €1,225 | -€1,856 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,081 | €1,225 | -€1,856 | -60.2% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.