AL - SYSTEMS: 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 - SYSTEMS
Largest movements
- Tangible fixed assets -€19,861
down €19,861 (-20.3%), from €97,961 to €78,100
- Stocks and contracts -€8,411
down €8,411 (-53.8%), from €15,625 to €7,214
- Receivables within one year +€8,183
up €8,183 (+33.3%), from €24,537 to €32,720
of which Other amounts receivable: +€9,605
- Debts after one year -€13,481
down €13,481 (-39.0%), from €34,566 to €21,086
- Other debts -€11,023
down €11,023 (-72.9%), from €15,118 to €4,095
- Reserves +€5,424
up €5,424 (+6.5%), from €83,171 to €88,595
of which Distributable reserves: +€11,746
- Gross operating margin -€9,097
down €9,097 (-21.4%), from €42,465 to €33,368
- Depreciation -€7,064
down €7,064 (-26.2%), from €26,925 to €19,861
- Taxes -€2,748
down €2,748 (-37.6%), from €7,318 to €4,570
- Other operating charges +€1,536
up €1,536 (+132.8%), from €1,156 to €2,692
- Financial charges -€561
down €561 (-16.7%), from €3,354 to €2,793
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 | €181,679 | €160,853 | -€20,826 | -11.5% |
| Fixed assets | 21/28 | €97,961 | €78,100 | -€19,861 | -20.3% |
| Tangible fixed assets | 22/27 | €97,961 | €78,100 | -€19,861 | -20.3% |
| Land and buildings | 22 | €74,800 | €65,450 | -€9,350 | -12.5% |
| Plant, machinery and equipment | 23 | €1,933 | €1,044 | -€889 | -46.0% |
| Furniture and vehicles | 24 | €20,273 | €11,106 | -€9,166 | -45.2% |
| Other tangible fixed assets | 26 | €956 | €500 | -€456 | -47.7% |
| Current assets | 29/58 | €83,718 | €82,752 | -€966 | -1.2% |
| Stocks and contracts in progress | 3 | €15,625 | €7,214 | -€8,411 | -53.8% |
| Stocks | 30/36 | €15,625 | €7,214 | -€8,411 | -53.8% |
| Amounts receivable within one year | 40/41 | €24,537 | €32,720 | +€8,183 | +33.3% |
| Trade receivables | 40 | €22,002 | €20,580 | -€1,422 | -6.5% |
| Other amounts receivable | 41 | €2,535 | €12,140 | +€9,605 | +378.9% |
| Cash at bank and in hand | 54/58 | €41,761 | €42,818 | +€1,057 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,795 | - | -€1,795 | |
| Total equity and liabilities | 10/49 | €181,679 | €160,853 | -€20,826 | -11.5% |
| Equity | 10/15 | €106,925 | €112,349 | +€5,424 | +5.1% |
| Contributions | 10/11 | €8,505 | €8,505 | = | 0.0% |
| Outside capital | 11 | €8,505 | €8,505 | = | 0.0% |
| Other | 1109/19 | €8,505 | €8,505 | = | 0.0% |
| Reserves | 13 | €83,171 | €88,595 | +€5,424 | +6.5% |
| Tax-exempt reserves | 132 | €25,759 | €19,437 | -€6,321 | -24.5% |
| Distributable reserves | 133 | €57,413 | €69,158 | +€11,746 | +20.5% |
| Profit (loss) carried forward | 14 | €15,248 | €15,248 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,665 | €2,084 | -€1,580 | -43.1% |
| Deferred taxes | 168 | €3,665 | €2,084 | -€1,580 | -43.1% |
| Amounts payable | 17/49 | €71,090 | €46,420 | -€24,670 | -34.7% |
| Amounts payable after more than one year | 17 | €34,566 | €21,086 | -€13,481 | -39.0% |
| Financial debts | 170/4 | €34,566 | €21,086 | -€13,481 | -39.0% |
| Amounts payable within one year | 42/48 | €35,212 | €24,299 | -€10,913 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €13,037 | €13,481 | +€443 | +3.4% |
| Trade debts | 44 | €2,739 | €1,505 | -€1,234 | -45.1% |
| Suppliers | 440/4 | €2,739 | €1,505 | -€1,234 | -45.1% |
| Taxes, remuneration and social security | 45 | €4,317 | €5,218 | +€901 | +20.9% |
| Taxes | 450/3 | €4,317 | €2,817 | -€1,500 | -34.7% |
| Remuneration and social security | 454/9 | - | €2,401 | +€2,401 | |
| Other amounts payable | 47/48 | €15,118 | €4,095 | -€11,023 | -72.9% |
| Accrued charges and deferred income | 492/3 | €1,312 | €1,035 | -€276 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,925 | €19,861 | -€7,064 | -26.2% |
| Other operating charges | 640/8 | €1,156 | €2,692 | +€1,536 | +132.8% |
| Gross operating margin | 9900 | €42,465 | €33,368 | -€9,097 | -21.4% |
| Operating profit (loss) | 9901 | €14,383 | €10,814 | -€3,569 | -24.8% |
| Financial income | 75/76B | €440 | €392 | -€49 | -11.0% |
| Recurring financial income | 75 | €440 | €392 | -€49 | -11.0% |
| Financial charges | 65/66B | €3,354 | €2,793 | -€561 | -16.7% |
| Recurring financial charges | 65 | €3,354 | €2,793 | -€561 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €11,470 | €8,413 | -€3,057 | -26.6% |
| Transfer from deferred taxes | 780 | €3,045 | €1,580 | -€1,465 | -48.1% |
| Income taxes | 67/77 | €7,318 | €4,570 | -€2,748 | -37.6% |
| Profit (loss) for the period | 9904 | €7,198 | €5,424 | -€1,774 | -24.6% |
| Transfer from tax-exempt reserves | 789 | €12,182 | €6,321 | -€5,860 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,380 | €11,746 | -€7,634 | -39.4% |
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 7 October 2026 via checked.be.