ALAIN PRICK: 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 PRICK
Largest movements
- Tangible fixed assets -€47,854
down €47,854 (-18.0%), from €266,106 to €218,252
of which Land and buildings: -€41,864
- Receivables within one year +€22,448
up €22,448 (+89.2%), from €25,171 to €47,620
of which Trade receivables: +€20,188
- Deferred charges and accrued income -€14,992
down €14,992 (-36.1%), from €41,537 to €26,545
- Cash -€11,045
down €11,045 (-58.1%), from €18,996 to €7,951
mainly Receivables within one year (-€22,448) and Debts after one year (-€22,279)
- Debts after one year -€22,279
down €22,279 (-18.6%), from €119,917 to €97,638
- Profit (loss) carried forward -€21,748
down €21,748 (-21.9%), from -€99,122 to -€120,870
- Trade debts -€8,912
down €8,912 (-35.5%), from €25,081 to €16,169
- Revaluation surpluses -€6,938
down €6,938 (-10.4%), from €66,537 to €59,598
- Reserves +€6,938
up €6,938 (+3.8%), from €183,491 to €190,429
- Gross operating margin -€22,053
down €22,053 (-37.8%), from €58,320 to €36,266
- Other operating charges -€3,934
down €3,934 (-42.9%), from €9,163 to €5,229
- Taxes -€2,811
down €2,811 (-98.1%), from €2,865 to €54
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 | €352,676 | €301,234 | -€51,442 | -14.6% |
| Fixed assets | 21/28 | €266,973 | €219,119 | -€47,854 | -17.9% |
| Tangible fixed assets | 22/27 | €266,106 | €218,252 | -€47,854 | -18.0% |
| Land and buildings | 22 | €252,655 | €210,792 | -€41,864 | -16.6% |
| Plant, machinery and equipment | 23 | €13,450 | €7,460 | -€5,990 | -44.5% |
| Financial fixed assets | 28 | €867 | €867 | = | 0.0% |
| Current assets | 29/58 | €85,703 | €82,115 | -€3,588 | -4.2% |
| Amounts receivable within one year | 40/41 | €25,171 | €47,620 | +€22,448 | +89.2% |
| Trade receivables | 40 | €24,037 | €44,224 | +€20,188 | +84.0% |
| Other amounts receivable | 41 | €1,135 | €3,395 | +€2,261 | +199% |
| Cash at bank and in hand | 54/58 | €18,996 | €7,951 | -€11,045 | -58.1% |
| Deferred charges and accrued income | 490/1 | €41,537 | €26,545 | -€14,992 | -36.1% |
| Total equity and liabilities | 10/49 | €352,676 | €301,234 | -€51,442 | -14.6% |
| Equity | 10/15 | €169,497 | €147,749 | -€21,748 | -12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €66,537 | €59,598 | -€6,938 | -10.4% |
| Reserves | 13 | €183,491 | €190,429 | +€6,938 | +3.8% |
| Tax-exempt reserves | 132 | €183,491 | €190,429 | +€6,938 | +3.8% |
| Profit (loss) carried forward | 14 | -€99,122 | -€120,870 | -€21,748 | -21.9% |
| Amounts payable | 17/49 | €183,179 | €153,485 | -€29,694 | -16.2% |
| Amounts payable after more than one year | 17 | €119,917 | €97,638 | -€22,279 | -18.6% |
| Financial debts | 170/4 | €119,917 | €97,638 | -€22,279 | -18.6% |
| Amounts payable within one year | 42/48 | €62,730 | €55,488 | -€7,243 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €22,703 | €22,279 | -€424 | -1.9% |
| Trade debts | 44 | €25,081 | €16,169 | -€8,912 | -35.5% |
| Suppliers | 440/4 | €25,081 | €16,169 | -€8,912 | -35.5% |
| Taxes, remuneration and social security | 45 | €10,025 | €12,656 | +€2,631 | +26.2% |
| Taxes | 450/3 | €8,287 | €10,916 | +€2,629 | +31.7% |
| Remuneration and social security | 454/9 | €1,738 | €1,740 | +€2 | +0.1% |
| Other amounts payable | 47/48 | €4,921 | €4,383 | -€538 | -10.9% |
| Accrued charges and deferred income | 492/3 | €532 | €360 | -€172 | -32.4% |
| Non-recurring operating income | 76A | €28,268 | €0 | -€28,268 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,961 | €47,854 | -€107 | -0.2% |
| Other operating charges | 640/8 | €9,163 | €5,229 | -€3,934 | -42.9% |
| Gross operating margin | 9900 | €58,320 | €36,266 | -€22,053 | -37.8% |
| Operating profit (loss) | 9901 | €1,196 | -€16,816 | -€18,012 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,324 | €4,878 | -€446 | -8.4% |
| Recurring financial charges | 65 | €5,324 | €4,878 | -€446 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,128 | -€21,694 | -€17,566 | -426% |
| Income taxes | 67/77 | €2,865 | €54 | -€2,811 | -98.1% |
| Profit (loss) for the period | 9904 | -€6,993 | -€21,748 | -€14,755 | -211% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,993 | -€21,748 | -€14,755 | -211% |
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 27 October 2026 via checked.be.