Alain Dahlem: 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.
Alain Dahlem
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash -€23,946
down €23,946 (-83.9%), from €28,533 to €4,587
mainly Other debts (-€33,803) and Net result for the year (-€19,688)
- Tangible fixed assets -€2,379
down €2,379 (-31.6%), from €7,528 to €5,148
of which Furniture and vehicles: -€1,439
- Receivables within one year -€1,709
down €1,709 (-75.9%), from €2,251 to €542
of which Trade receivables: -€1,000
- Other debts -€33,803
down €33,803 (-94.8%), from €35,665 to €1,861
- Profit (loss) carried forward -€19,688
down €19,688 (-99.6%), from -€19,769 to -€39,457
- Current portion of long-term debt -€18,729
down €18,729 (-71.4%), from €26,242 to €7,513
- Debts after one year -€7,513
down €7,513 (-100%), from €7,513 to €0
- Trade debts +€1,073
up €1,073, from €0 to €1,073
- Depreciation -€4,511
down €4,511 (-65.5%), from €6,890 to €2,379
- Gross operating margin -€3,284
down €3,284 (-28.0%), from -€11,719 to -€15,003
- Financial charges -€667
down €667 (-31.4%), from €2,124 to €1,457
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 | €88,312 | €10,321 | -€77,991 | -88.3% |
| Fixed assets | 21/28 | €7,528 | €5,148 | -€2,379 | -31.6% |
| Tangible fixed assets | 22/27 | €7,528 | €5,148 | -€2,379 | -31.6% |
| Plant, machinery and equipment | 23 | €4,796 | €3,855 | -€941 | -19.6% |
| Furniture and vehicles | 24 | €2,731 | €1,293 | -€1,439 | -52.7% |
| Current assets | 29/58 | €80,784 | €5,173 | -€75,611 | -93.6% |
| Amounts receivable within one year | 40/41 | €2,251 | €542 | -€1,709 | -75.9% |
| Trade receivables | 40 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 41 | €1,251 | €542 | -€709 | -56.7% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,533 | €4,587 | -€23,946 | -83.9% |
| Deferred charges and accrued income | 490/1 | - | €44 | +€44 | |
| Total equity and liabilities | 10/49 | €88,312 | €10,321 | -€77,991 | -88.3% |
| Equity | 10/15 | €18,731 | -€957 | -€19,688 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,769 | -€39,457 | -€19,688 | -99.6% |
| Amounts payable | 17/49 | €69,581 | €11,278 | -€58,303 | -83.8% |
| Amounts payable after more than one year | 17 | €7,513 | €0 | -€7,513 | -100% |
| Financial debts | 170/4 | €7,513 | €0 | -€7,513 | -100% |
| Amounts payable within one year | 42/48 | €62,068 | €11,278 | -€50,790 | -81.8% |
| Current portion of amounts payable after more than one year | 42 | €26,242 | €7,513 | -€18,729 | -71.4% |
| Trade debts | 44 | €0 | €1,073 | +€1,073 | |
| Suppliers | 440/4 | €0 | €1,073 | +€1,073 | |
| Taxes, remuneration and social security | 45 | €161 | €831 | +€670 | +416% |
| Taxes | 450/3 | €161 | €831 | +€670 | +416% |
| Other amounts payable | 47/48 | €35,665 | €1,861 | -€33,803 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,890 | €2,379 | -€4,511 | -65.5% |
| Other operating charges | 640/8 | €1,474 | €1,469 | -€5 | -0.3% |
| Gross operating margin | 9900 | -€11,719 | -€15,003 | -€3,284 | -28.0% |
| Operating profit (loss) | 9901 | -€20,083 | -€18,852 | +€1,232 | +6.1% |
| Financial income | 75/76B | €701 | €691 | -€11 | -1.5% |
| Recurring financial income | 75 | €701 | €691 | -€11 | -1.5% |
| Financial charges | 65/66B | €2,124 | €1,457 | -€667 | -31.4% |
| Recurring financial charges | 65 | €2,124 | €1,457 | -€667 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,506 | -€19,617 | +€1,888 | +8.8% |
| Income taxes | 67/77 | €161 | €70 | -€91 | -56.4% |
| Profit (loss) for the period | 9904 | -€21,667 | -€19,688 | +€1,979 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,667 | -€19,688 | +€1,979 | +9.1% |
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 26 October 2026 via checked.be.