ALAF: 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.
ALAF
Largest movements
- Receivables within one year -€107,359
down €107,359 (-36.1%), from €297,146 to €189,787
of which Trade receivables: -€77,480
- Cash -€12,873
down €12,873 (-76.7%), from €16,773 to €3,900
mainly Net result for the year (-€126,590) and Trade debts (-€4,022)
- Profit (loss) carried forward -€126,590
new in 2025: -€126,590
- Other debts +€11,151
up €11,151 (+10.1%), from €110,782 to €121,933
- Trade debts -€4,022
down €4,022 (-48.0%), from €8,374 to €4,352
- Gross operating margin -€104,123
down €104,123 (-499.9%), from -€20,829 to -€124,952
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 | €313,969 | €193,737 | -€120,232 | -38.3% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €313,919 | €193,687 | -€120,232 | -38.3% |
| Amounts receivable within one year | 40/41 | €297,146 | €189,787 | -€107,359 | -36.1% |
| Trade receivables | 40 | €148,727 | €71,247 | -€77,480 | -52.1% |
| Other amounts receivable | 41 | €148,419 | €118,540 | -€29,879 | -20.1% |
| Cash at bank and in hand | 54/58 | €16,773 | €3,900 | -€12,873 | -76.7% |
| Total equity and liabilities | 10/49 | €313,969 | €193,737 | -€120,232 | -38.3% |
| Equity | 10/15 | €193,842 | €67,252 | -€126,590 | -65.3% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Outside capital | 11 | €74,400 | €74,400 | = | 0.0% |
| Other | 1109/19 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €119,442 | €119,442 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,412 | €10,412 | = | 0.0% |
| Distributable reserves | 133 | €109,031 | €109,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€126,590 | -€126,590 | |
| Amounts payable | 17/49 | €120,127 | €126,485 | +€6,358 | +5.3% |
| Amounts payable within one year | 42/48 | €120,127 | €126,485 | +€6,358 | +5.3% |
| Trade debts | 44 | €8,374 | €4,352 | -€4,022 | -48.0% |
| Suppliers | 440/4 | €8,374 | €4,352 | -€4,022 | -48.0% |
| Taxes, remuneration and social security | 45 | €970 | €200 | -€770 | -79.4% |
| Taxes | 450/3 | €970 | €200 | -€770 | -79.4% |
| Other amounts payable | 47/48 | €110,782 | €121,933 | +€11,151 | +10.1% |
| Non-recurring operating income | 76A | €938 | - | -€938 | |
| Other operating charges | 640/8 | €650 | €1,470 | +€820 | +126.1% |
| Gross operating margin | 9900 | -€20,829 | -€124,952 | -€104,123 | -499.9% |
| Operating profit (loss) | 9901 | -€21,479 | -€126,422 | -€104,943 | -488.6% |
| Financial income | 75/76B | €0 | €40 | +€40 | +22300.0% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +22300.0% |
| Financial charges | 65/66B | €28 | €209 | +€180 | +634.6% |
| Recurring financial charges | 65 | €28 | €209 | +€180 | +634.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,507 | -€126,590 | -€105,083 | -488.6% |
| Profit (loss) for the period | 9904 | -€21,507 | -€126,590 | -€105,083 | -488.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,507 | -€126,590 | -€105,083 | -488.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.