AL-MGMT: 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-MGMT
Largest movements
- Financial fixed assets -€120,000
down €120,000 (-100%), from €120,000 to €0
- Receivables within one year +€12,493
up €12,493 (+26.9%), from €46,380 to €58,873
of which Other amounts receivable: +€7,172
- Tangible fixed assets +€7,912
up €7,912 (+273%), from €2,903 to €10,815
of which Other tangible fixed assets: +€9,869
- Profit (loss) carried forward -€104,942
down €104,942, from €33,802 to -€71,140
- Other debts +€37,060
up €37,060 (+172%), from €21,485 to €58,545
- Debts after one year -€22,622
down €22,622 (-100%), from €22,622 to €0
- Tax, wage and social debts -€17,118
down €17,118 (-97.0%), from €17,644 to €526
of which Taxes: -€17,644
- Trade debts +€10,118
up €10,118 (+47.6%), from €21,265 to €31,383
- Financial charges +€120,309
up €120,309 (+4,027%), from €2,987 to €123,296
- Gross operating margin -€26,016
down €26,016 (-51.1%), from €50,869 to €24,854
- Taxes -€7,882
down €7,882 (-67.0%), from €11,756 to €3,874
- Depreciation +€627
up €627 (+33.4%), from €1,875 to €2,502
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 | €170,922 | €71,187 | -€99,735 | -58.4% |
| Fixed assets | 21/28 | €122,903 | €10,815 | -€112,088 | -91.2% |
| Tangible fixed assets | 22/27 | €2,903 | €10,815 | +€7,912 | +273% |
| Furniture and vehicles | 24 | €2,903 | €946 | -€1,957 | -67.4% |
| Other tangible fixed assets | 26 | - | €9,869 | +€9,869 | |
| Financial fixed assets | 28 | €120,000 | €0 | -€120,000 | -100% |
| Current assets | 29/58 | €48,018 | €60,371 | +€12,353 | +25.7% |
| Amounts receivable within one year | 40/41 | €46,380 | €58,873 | +€12,493 | +26.9% |
| Trade receivables | 40 | €46,380 | €51,701 | +€5,321 | +11.5% |
| Other amounts receivable | 41 | €0 | €7,172 | +€7,172 | |
| Cash at bank and in hand | 54/58 | €1,638 | €1,498 | -€140 | -8.5% |
| Total equity and liabilities | 10/49 | €170,922 | €71,187 | -€99,735 | -58.4% |
| Equity | 10/15 | €60,084 | -€44,858 | -€104,942 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,282 | €16,282 | = | 0.0% |
| Distributable reserves | 133 | €16,282 | €16,282 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,802 | -€71,140 | -€104,942 | |
| Amounts payable | 17/49 | €110,838 | €116,045 | +€5,207 | +4.7% |
| Amounts payable after more than one year | 17 | €22,622 | €0 | -€22,622 | -100% |
| Financial debts | 170/4 | €22,622 | €0 | -€22,622 | -100% |
| Amounts payable within one year | 42/48 | €87,498 | €115,637 | +€28,139 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €27,104 | €25,183 | -€1,921 | -7.1% |
| Trade debts | 44 | €21,265 | €31,383 | +€10,118 | +47.6% |
| Suppliers | 440/4 | €21,265 | €31,383 | +€10,118 | +47.6% |
| Taxes, remuneration and social security | 45 | €17,644 | €526 | -€17,118 | -97.0% |
| Taxes | 450/3 | €17,644 | €0 | -€17,644 | -100% |
| Remuneration and social security | 454/9 | €0 | €526 | +€526 | |
| Other amounts payable | 47/48 | €21,485 | €58,545 | +€37,060 | +172% |
| Accrued charges and deferred income | 492/3 | €718 | €408 | -€309 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €2,502 | +€627 | +33.4% |
| Other operating charges | 640/8 | €449 | €124 | -€325 | -72.4% |
| Gross operating margin | 9900 | €50,869 | €24,854 | -€26,016 | -51.1% |
| Operating profit (loss) | 9901 | €48,545 | €22,228 | -€26,317 | -54.2% |
| Financial charges | 65/66B | €2,987 | €123,296 | +€120,309 | +4,027% |
| Recurring financial charges | 65 | €2,987 | €123,296 | +€120,309 | +4,027% |
| Profit (loss) for the period before taxes | 9903 | €45,558 | -€101,068 | -€146,626 | |
| Income taxes | 67/77 | €11,756 | €3,874 | -€7,882 | -67.0% |
| Profit (loss) for the period | 9904 | €33,802 | -€104,942 | -€138,744 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,802 | -€104,942 | -€138,744 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.