ALAERTS: 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.
What changed
ALAERTS
NACE 46.389, Wholesale of other food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€479,920
2024 · €472,222+€7,699
Equity
€1.1m
2024 · €633,958+€438,232
Cash
€772,450
2024 · €717,425+€55,025
Balance sheet total
€1.7m
2024 · €1.7m+€5,666
Largest movements
Assets
- Cash +€55,025
up €55,025 (+7.7%), from €717,425 to €772,450
mainly Net result for the year (+€479,920) and Depreciation (+€64,582)
- Stocks and contracts -€52,100
down €52,100 (-16.5%), from €316,188 to €264,089
- Receivables within one year +€20,169
up €20,169 (+29.7%), from €67,914 to €88,083
of which Trade receivables: +€20,716
Equity and liabilities
- Other debts -€468,022
down €468,022 (-97.8%), from €478,454 to €10,432
- Reserves +€438,232
up €438,232 (+71.2%), from €615,358 to €1.1m
of which Distributable reserves: +€443,221
- Trade debts +€19,718
up €19,718 (+23.4%), from €84,196 to €103,914
Income statement
- Gross operating margin +€44,887
up €44,887 (+6.3%), from €713,511 to €758,398
- Financial income -€13,615
down €13,615 (-46.5%), from €29,306 to €15,692
- Depreciation +€10,565
up €10,565 (+19.6%), from €54,017 to €64,582
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.
Result 2024
€472,222
Gross operating margin
+€44,887
Staff costs
-€3,593
Depreciation
-€10,565
Other operating charges
-€2,523
Financial income
-€13,615
Financial charges
-€3,137
Taxes
-€3,755
Result 2025
€479,920
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.
From operations
+€142,966
Investment
-€48,730
Financing
-€39,211
Cash 2024
€717,425
From operations (derived)
+€142,966
Net result for the year
+€479,920
Depreciation
+€64,582
Stocks and contracts
+€52,100
Receivables within one year
-€20,169
Deferred charges and accrued income
+€1,575
Provisions
-€1,663
Trade debts
+€19,718
Tax, wage and social debts
+€14,980
Other debts
-€468,022
Accrued charges and deferred income
-€57
Investment (derived)
-€48,730
Investment in fixed assets (net)
-€48,730
Financing
-€39,211
Debts after one year
-€7,995
Current portion of long-term debt
+€10,472
Contributions, distributions and other
-€41,688
Cash 2025
€772,450
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,726,166 | €1,731,832 | +€5,666 | +0.3% |
| Fixed assets | 21/28 | €622,009 | €606,156 | -€15,852 | -2.5% |
| Tangible fixed assets | 22/27 | €622,009 | €606,156 | -€15,852 | -2.5% |
| Land and buildings | 22 | €492,065 | €463,469 | -€28,596 | -5.8% |
| Plant, machinery and equipment | 23 | €1,206 | €499 | -€707 | -58.6% |
| Furniture and vehicles | 24 | €104,580 | €121,704 | +€17,123 | +16.4% |
| Other tangible fixed assets | 26 | €24,157 | €20,485 | -€3,673 | -15.2% |
| Current assets | 29/58 | €1,104,157 | €1,125,676 | +€21,518 | +1.9% |
| Stocks and contracts in progress | 3 | €316,188 | €264,089 | -€52,100 | -16.5% |
| Stocks | 30/36 | €316,188 | €264,089 | -€52,100 | -16.5% |
| Amounts receivable within one year | 40/41 | €67,914 | €88,083 | +€20,169 | +29.7% |
| Trade receivables | 40 | €67,367 | €88,083 | +€20,716 | +30.8% |
| Other amounts receivable | 41 | €547 | €0 | -€547 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €717,425 | €772,450 | +€55,025 | +7.7% |
| Deferred charges and accrued income | 490/1 | €2,630 | €1,054 | -€1,575 | -59.9% |
| Total equity and liabilities | 10/49 | €1,726,166 | €1,731,832 | +€5,666 | +0.3% |
| Equity | 10/15 | €633,958 | €1,072,190 | +€438,232 | +69.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €615,358 | €1,053,590 | +€438,232 | +71.2% |
| Tax-exempt reserves | 132 | €92,310 | €87,321 | -€4,989 | -5.4% |
| Distributable reserves | 133 | €523,048 | €966,269 | +€443,221 | +84.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €26,730 | €25,067 | -€1,663 | -6.2% |
| Deferred taxes | 168 | €26,730 | €25,067 | -€1,663 | -6.2% |
| Amounts payable | 17/49 | €1,065,478 | €634,574 | -€430,903 | -40.4% |
| Amounts payable after more than one year | 17 | €454,278 | €446,283 | -€7,995 | -1.8% |
| Financial debts | 170/4 | €454,278 | €446,283 | -€7,995 | -1.8% |
| Amounts payable within one year | 42/48 | €610,932 | €188,080 | -€422,852 | -69.2% |
| Current portion of amounts payable after more than one year | 42 | €42,531 | €53,003 | +€10,472 | +24.6% |
| Trade debts | 44 | €84,196 | €103,914 | +€19,718 | +23.4% |
| Suppliers | 440/4 | €84,196 | €103,914 | +€19,718 | +23.4% |
| Advances received on contracts in progress | 46 | €193 | €193 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,558 | €20,539 | +€14,980 | +269.5% |
| Taxes | 450/3 | €4,189 | €15,816 | +€11,627 | +277.6% |
| Remuneration and social security | 454/9 | €1,369 | €4,723 | +€3,353 | +244.9% |
| Other amounts payable | 47/48 | €478,454 | €10,432 | -€468,022 | -97.8% |
| Accrued charges and deferred income | 492/3 | €268 | €211 | -€57 | -21.3% |
| Non-recurring operating income | 76A | €624 | €7,089 | +€6,465 | +1035.4% |
| Remuneration, social security and pensions | 62 | €39,480 | €43,074 | +€3,593 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,017 | €64,582 | +€10,565 | +19.6% |
| Other operating charges | 640/8 | €5,840 | €8,363 | +€2,523 | +43.2% |
| Gross operating margin | 9900 | €713,511 | €758,398 | +€44,887 | +6.3% |
| Operating profit (loss) | 9901 | €614,173 | €642,379 | +€28,206 | +4.6% |
| Financial income | 75/76B | €29,306 | €15,692 | -€13,615 | -46.5% |
| Recurring financial income | 75 | €29,306 | €15,692 | -€13,615 | -46.5% |
| Financial charges | 65/66B | €18,612 | €21,750 | +€3,137 | +16.9% |
| Recurring financial charges | 65 | €18,612 | €21,750 | +€3,137 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €624,867 | €636,321 | +€11,453 | +1.8% |
| Transfer from deferred taxes | 780 | €1,663 | €1,663 | = | 0.0% |
| Income taxes | 67/77 | €154,308 | €158,063 | +€3,755 | +2.4% |
| Profit (loss) for the period | 9904 | €472,222 | €479,920 | +€7,699 | +1.6% |
| Transfer from tax-exempt reserves | 789 | €4,989 | €4,989 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €477,210 | €484,909 | +€7,699 | +1.6% |
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 1 October 2026 via checked.be.