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
- Tangible fixed assets -€12,085
down €12,085 (-16.3%), from €74,300 to €62,215
of which Other tangible fixed assets: -€6,870
- Receivables within one year -€6,384
down €6,384 (-8.1%), from €78,911 to €72,528
of which Other amounts receivable: -€8,337
- Advances received -€9,378
down €9,378 (-55.8%), from €16,820 to €7,441
- Debts after one year -€4,060
down €4,060 (-52.9%), from €7,680 to €3,621
- Gross operating margin -€9,860
down €9,860 (-37.9%), from €26,042 to €16,182
- Write-downs -€2,250
down €2,250 (-100.0%), from €2,250 to €0
- Other operating charges -€1,006
down €1,006 (-43.2%), from €2,329 to €1,323
- Financial charges -€728
down €728 (-9.5%), from €7,629 to €6,901
- Financial income -€503
down €503 (-17.3%), from €2,906 to €2,403
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 | €303,794 | €286,270 | -€17,524 | -5.8% |
| Fixed assets | 21/28 | €224,300 | €212,215 | -€12,085 | -5.4% |
| Tangible fixed assets | 22/27 | €74,300 | €62,215 | -€12,085 | -16.3% |
| Land and buildings | 22 | €27,750 | €23,125 | -€4,625 | -16.7% |
| Plant, machinery and equipment | 23 | €1,843 | €952 | -€892 | -48.4% |
| Furniture and vehicles | 24 | €1,679 | €1,981 | +€302 | +18.0% |
| Other tangible fixed assets | 26 | €43,027 | €36,158 | -€6,870 | -16.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €79,495 | €74,055 | -€5,440 | -6.8% |
| Amounts receivable within one year | 40/41 | €78,911 | €72,528 | -€6,384 | -8.1% |
| Trade receivables | 40 | €769 | €2,723 | +€1,954 | +254.0% |
| Other amounts receivable | 41 | €78,142 | €69,805 | -€8,337 | -10.7% |
| Cash at bank and in hand | 54/58 | €534 | €1,527 | +€994 | +186.2% |
| Deferred charges and accrued income | 490/1 | €50 | €0 | -€50 | -100.0% |
| Total equity and liabilities | 10/49 | €303,794 | €286,270 | -€17,524 | -5.8% |
| Equity | 10/15 | €99,990 | €97,250 | -€2,741 | -2.7% |
| Contributions | 10/11 | €14,037 | €14,037 | = | 0.0% |
| Reserves | 13 | €85,953 | €83,213 | -€2,741 | -3.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €85,953 | €83,213 | -€2,741 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €203,804 | €189,020 | -€14,784 | -7.3% |
| Amounts payable after more than one year | 17 | €7,680 | €3,621 | -€4,060 | -52.9% |
| Financial debts | 170/4 | €7,680 | €3,621 | -€4,060 | -52.9% |
| Amounts payable within one year | 42/48 | €195,690 | €185,399 | -€10,290 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €3,999 | €4,060 | +€60 | +1.5% |
| Financial debts | 43 | €11,617 | €11,128 | -€489 | -4.2% |
| Credit institutions | 430/8 | €11,617 | €11,128 | -€489 | -4.2% |
| Trade debts | 44 | €11,016 | €10,095 | -€921 | -8.4% |
| Suppliers | 440/4 | €11,016 | €10,095 | -€921 | -8.4% |
| Advances received on contracts in progress | 46 | €16,820 | €7,441 | -€9,378 | -55.8% |
| Taxes, remuneration and social security | 45 | €14,455 | €16,006 | +€1,552 | +10.7% |
| Taxes | 450/3 | €14,455 | €16,006 | +€1,552 | +10.7% |
| Other amounts payable | 47/48 | €137,783 | €136,669 | -€1,114 | -0.8% |
| Accrued charges and deferred income | 492/3 | €434 | €0 | -€434 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,780 | €12,961 | +€181 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,250 | €0 | -€2,250 | -100.0% |
| Other operating charges | 640/8 | €2,329 | €1,323 | -€1,006 | -43.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €26,042 | €16,182 | -€9,860 | -37.9% |
| Operating profit (loss) | 9901 | €8,684 | €1,898 | -€6,786 | -78.1% |
| Financial income | 75/76B | €2,906 | €2,403 | -€503 | -17.3% |
| Recurring financial income | 75 | €2,906 | €2,403 | -€503 | -17.3% |
| Financial charges | 65/66B | €7,629 | €6,901 | -€728 | -9.5% |
| Recurring financial charges | 65 | €7,629 | €6,901 | -€728 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €3,961 | -€2,600 | -€6,560 | |
| Income taxes | 67/77 | €480 | €141 | -€339 | -70.6% |
| Profit (loss) for the period | 9904 | €3,481 | -€2,741 | -€6,222 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,481 | -€2,741 | -€6,222 |
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 30 September 2026 via checked.be.