ALAINVH.BE: what changed
ALAINVH.BE
Largest movements
- Cash -€64,872
down €64,872 (-52.7%), from €123,167 to €58,296
mainly Current investments (-€50,550) and Contributions, distributions and other (-€39,459)
- Current investments +€50,550
new in 2025: €50,550
- Tangible fixed assets -€15,381
down €15,381 (-27.5%), from €55,891 to €40,510
of which Furniture and vehicles: -€16,249
- Receivables within one year -€4,611
down €4,611 (-15.2%), from €30,375 to €25,764
of which Trade receivables: -€5,613
- Tax, wage and social debts -€11,680
down €11,680 (-62.8%), from €18,610 to €6,930
- Current portion of long-term debt -€10,032
down €10,032 (-57.2%), from €17,541 to €7,509
- Debts after one year -€7,509
down €7,509 (-100%), from €7,509 to €0
- Reserves -€2,503
down €2,503 (-1.5%), from €165,183 to €162,680
- Trade debts -€2,411
down €2,411 (-78.1%), from €3,089 to €677
- Gross operating margin +€4,036
up €4,036 (+5.9%), from €68,381 to €72,417
- Taxes -€1,009
down €1,009 (-5.2%), from €19,288 to €18,279
- Financial charges -€879
down €879 (-55.6%), from €1,581 to €702
- Depreciation +€746
up €746 (+4.6%), from €16,265 to €17,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,933 | €177,797 | -€34,136 | -16.1% |
| Fixed assets | 21/28 | €55,891 | €40,510 | -€15,381 | -27.5% |
| Tangible fixed assets | 22/27 | €55,891 | €40,510 | -€15,381 | -27.5% |
| Plant, machinery and equipment | 23 | €1,401 | €2,269 | +€868 | +61.9% |
| Furniture and vehicles | 24 | €54,490 | €38,241 | -€16,249 | -29.8% |
| Current assets | 29/58 | €156,041 | €137,287 | -€18,755 | -12.0% |
| Amounts receivable within one year | 40/41 | €30,375 | €25,764 | -€4,611 | -15.2% |
| Trade receivables | 40 | €9,966 | €4,353 | -€5,613 | -56.3% |
| Other amounts receivable | 41 | €20,410 | €21,412 | +€1,002 | +4.9% |
| Current investments | 50/53 | - | €50,550 | +€50,550 | |
| Cash at bank and in hand | 54/58 | €123,167 | €58,296 | -€64,872 | -52.7% |
| Deferred charges and accrued income | 490/1 | €2,498 | €2,677 | +€178 | +7.1% |
| Total equity and liabilities | 10/49 | €211,933 | €177,797 | -€34,136 | -16.1% |
| Equity | 10/15 | €165,183 | €162,680 | -€2,503 | -1.5% |
| Reserves | 13 | €165,183 | €162,680 | -€2,503 | -1.5% |
| Distributable reserves | 133 | €165,183 | €162,680 | -€2,503 | -1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,749 | €15,117 | -€31,633 | -67.7% |
| Amounts payable after more than one year | 17 | €7,509 | €0 | -€7,509 | -100% |
| Financial debts | 170/4 | €7,509 | €0 | -€7,509 | -100% |
| Amounts payable within one year | 42/48 | €39,240 | €15,117 | -€24,123 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €17,541 | €7,509 | -€10,032 | -57.2% |
| Trade debts | 44 | €3,089 | €677 | -€2,411 | -78.1% |
| Suppliers | 440/4 | €3,089 | €677 | -€2,411 | -78.1% |
| Taxes, remuneration and social security | 45 | €18,610 | €6,930 | -€11,680 | -62.8% |
| Taxes | 450/3 | €18,610 | €6,930 | -€11,680 | -62.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,265 | €17,011 | +€746 | +4.6% |
| Other operating charges | 640/8 | €1,082 | €1,168 | +€86 | +7.9% |
| Gross operating margin | 9900 | €68,381 | €72,417 | +€4,036 | +5.9% |
| Operating profit (loss) | 9901 | €51,034 | €54,239 | +€3,204 | +6.3% |
| Financial income | 75/76B | €2,178 | €1,698 | -€480 | -22.0% |
| Recurring financial income | 75 | €2,178 | €1,698 | -€480 | -22.0% |
| Financial charges | 65/66B | €1,581 | €702 | -€879 | -55.6% |
| Recurring financial charges | 65 | €1,581 | €702 | -€879 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €51,631 | €55,235 | +€3,604 | +7.0% |
| Income taxes | 67/77 | €19,288 | €18,279 | -€1,009 | -5.2% |
| Profit (loss) for the period | 9904 | €32,343 | €36,956 | +€4,613 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,343 | €36,956 | +€4,613 | +14.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.