ALAM: 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.
ALAM
Largest movements
- Cash +€116,508
up €116,508 (+99.5%), from €117,071 to €233,579
mainly Net result for the year (+€86,299) and Tax, wage and social debts (+€24,652)
- Tangible fixed assets -€19,732
down €19,732 (-18.1%), from €109,103 to €89,370
of which Furniture and vehicles: -€10,909
- Receivables within one year +€7,294
up €7,294 (+62.1%), from €11,753 to €19,046
of which Other amounts receivable: +€5,228
- Reserves +€86,299
up €86,299 (+50.3%), from €171,440 to €257,739
of which Distributable reserves: +€88,159
- Tax, wage and social debts +€24,652
up €24,652 (+71.2%), from €34,639 to €59,292
of which Taxes: +€18,579
- Debts after one year -€3,752
down €3,752 (-46.4%), from €8,084 to €4,332
- Gross operating margin +€119,243
up €119,243 (+27.9%), from €426,898 to €546,142
- Staff costs +€57,447
up €57,447 (+17.1%), from €334,982 to €392,429
- Taxes +€18,389
up €18,389 (+91.1%), from €20,190 to €38,579
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,436 | €344,063 | +€101,626 | +41.9% |
| Fixed assets | 21/28 | €109,463 | €89,730 | -€19,732 | -18.0% |
| Tangible fixed assets | 22/27 | €109,103 | €89,370 | -€19,732 | -18.1% |
| Plant, machinery and equipment | 23 | €4,214 | €3,719 | -€495 | -11.8% |
| Furniture and vehicles | 24 | €27,485 | €16,576 | -€10,909 | -39.7% |
| Other tangible fixed assets | 26 | €77,404 | €69,076 | -€8,329 | -10.8% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €132,974 | €254,333 | +€121,359 | +91.3% |
| Amounts receivable within one year | 40/41 | €11,753 | €19,046 | +€7,294 | +62.1% |
| Trade receivables | 40 | €11,753 | €13,818 | +€2,066 | +17.6% |
| Other amounts receivable | 41 | - | €5,228 | +€5,228 | |
| Cash at bank and in hand | 54/58 | €117,071 | €233,579 | +€116,508 | +99.5% |
| Deferred charges and accrued income | 490/1 | €4,150 | €1,708 | -€2,442 | -58.9% |
| Total equity and liabilities | 10/49 | €242,436 | €344,063 | +€101,626 | +41.9% |
| Equity | 10/15 | €183,840 | €270,139 | +€86,299 | +46.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €171,440 | €257,739 | +€86,299 | +50.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €169,580 | €257,739 | +€88,159 | +52.0% |
| Amounts payable | 17/49 | €58,596 | €73,924 | +€15,327 | +26.2% |
| Amounts payable after more than one year | 17 | €8,084 | €4,332 | -€3,752 | -46.4% |
| Other amounts payable | 178/9 | €8,084 | €4,332 | -€3,752 | -46.4% |
| Amounts payable within one year | 42/48 | €50,512 | €69,592 | +€19,080 | +37.8% |
| Trade debts | 44 | €12,936 | €10,300 | -€2,636 | -20.4% |
| Suppliers | 440/4 | €12,936 | €10,300 | -€2,636 | -20.4% |
| Taxes, remuneration and social security | 45 | €34,639 | €59,292 | +€24,652 | +71.2% |
| Taxes | 450/3 | €190 | €18,770 | +€18,579 | +9764.7% |
| Remuneration and social security | 454/9 | €34,449 | €40,522 | +€6,073 | +17.6% |
| Other amounts payable | 47/48 | €2,936 | - | -€2,936 | |
| Remuneration, social security and pensions | 62 | €334,982 | €392,429 | +€57,447 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,379 | €18,619 | +€3,240 | +21.1% |
| Other operating charges | 640/8 | €4,181 | €4,547 | +€367 | +8.8% |
| Gross operating margin | 9900 | €426,898 | €546,142 | +€119,243 | +27.9% |
| Operating profit (loss) | 9901 | €72,357 | €130,547 | +€58,190 | +80.4% |
| Financial income | 75/76B | €50 | €6 | -€44 | -88.9% |
| Recurring financial income | 75 | €50 | €6 | -€44 | -88.9% |
| Financial charges | 65/66B | €3,196 | €5,674 | +€2,478 | +77.5% |
| Recurring financial charges | 65 | €3,196 | €5,674 | +€2,478 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €69,211 | €124,878 | +€55,668 | +80.4% |
| Income taxes | 67/77 | €20,190 | €38,579 | +€18,389 | +91.1% |
| Profit (loss) for the period | 9904 | €49,020 | €86,299 | +€37,279 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,020 | €86,299 | +€37,279 | +76.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.