ALAN: 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.
ALAN
Largest movements
- Cash +€110,657
up €110,657 (+38.4%), from €288,421 to €399,078
mainly Other debts (+€201,540) and Trade debts (+€105,398)
- Tangible fixed assets +€45,004
up €45,004 (+48.3%), from €93,101 to €138,105
of which Plant, machinery and equipment: +€46,345
- Other debts +€201,540
new in 2025: €201,540
- Profit (loss) carried forward -€177,775
down €177,775 (-74.1%), from €239,932 to €62,156
- Trade debts +€105,398
up €105,398 (+79.8%), from €132,103 to €237,501
- Current portion of long-term debt +€26,883
new in 2025: €26,883
- Tax, wage and social debts +€7,182
up €7,182 (+10.5%), from €68,548 to €75,730
of which Remuneration and social security: +€10,259
- Staff costs +€140,030
up €140,030 (+15.7%), from €891,639 to €1.0m
- Gross operating margin +€82,997
up €82,997 (+7.3%), from €1.1m to €1.2m
- Taxes -€19,893
down €19,893 (-34.4%), from €57,805 to €37,911
- Other operating charges +€17,558
up €17,558 (+104.8%), from €16,749 to €34,307
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 | €461,043 | €624,271 | +€163,228 | +35.4% |
| Fixed assets | 21/28 | €93,101 | €138,105 | +€45,004 | +48.3% |
| Tangible fixed assets | 22/27 | €93,101 | €138,105 | +€45,004 | +48.3% |
| Plant, machinery and equipment | 23 | €86,300 | €132,646 | +€46,345 | +53.7% |
| Furniture and vehicles | 24 | €6,800 | €5,459 | -€1,342 | -19.7% |
| Current assets | 29/58 | €367,942 | €486,166 | +€118,224 | +32.1% |
| Amounts receivable within one year | 40/41 | €79,521 | €82,281 | +€2,760 | +3.5% |
| Trade receivables | 40 | €7,212 | €17,997 | +€10,785 | +149.5% |
| Other amounts receivable | 41 | €72,309 | €64,284 | -€8,025 | -11.1% |
| Cash at bank and in hand | 54/58 | €288,421 | €399,078 | +€110,657 | +38.4% |
| Deferred charges and accrued income | 490/1 | - | €4,807 | +€4,807 | |
| Total equity and liabilities | 10/49 | €461,043 | €624,271 | +€163,228 | +35.4% |
| Equity | 10/15 | €260,392 | €82,616 | -€177,775 | -68.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,932 | €62,156 | -€177,775 | -74.1% |
| Amounts payable | 17/49 | €200,651 | €541,654 | +€341,003 | +169.9% |
| Amounts payable within one year | 42/48 | €200,651 | €541,654 | +€341,003 | +169.9% |
| Current portion of amounts payable after more than one year | 42 | - | €26,883 | +€26,883 | |
| Trade debts | 44 | €132,103 | €237,501 | +€105,398 | +79.8% |
| Suppliers | 440/4 | €132,103 | €237,501 | +€105,398 | +79.8% |
| Taxes, remuneration and social security | 45 | €68,548 | €75,730 | +€7,182 | +10.5% |
| Taxes | 450/3 | €9,666 | €6,589 | -€3,077 | -31.8% |
| Remuneration and social security | 454/9 | €58,882 | €69,141 | +€10,259 | +17.4% |
| Other amounts payable | 47/48 | - | €201,540 | +€201,540 | |
| Remuneration, social security and pensions | 62 | €891,639 | €1,031,669 | +€140,030 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,308 | €32,274 | +€7,965 | +32.8% |
| Other operating charges | 640/8 | €16,749 | €34,307 | +€17,558 | +104.8% |
| Gross operating margin | 9900 | €1,135,046 | €1,218,043 | +€82,997 | +7.3% |
| Operating profit (loss) | 9901 | €202,350 | €119,793 | -€82,556 | -40.8% |
| Financial income | 75/76B | €511 | €259 | -€253 | -49.4% |
| Recurring financial income | 75 | €511 | €259 | -€253 | -49.4% |
| Financial charges | 65/66B | €8,382 | €9,916 | +€1,534 | +18.3% |
| Recurring financial charges | 65 | €8,382 | €9,916 | +€1,534 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €194,479 | €110,136 | -€84,343 | -43.4% |
| Income taxes | 67/77 | €57,805 | €37,911 | -€19,893 | -34.4% |
| Profit (loss) for the period | 9904 | €136,674 | €72,225 | -€64,450 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,674 | €72,225 | -€64,450 | -47.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.