ALAN HOUSE: 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.
ALAN HOUSE
Largest movements
- Receivables within one year +€158,316
up €158,316 (+90.9%), from €174,099 to €332,415
- Cash -€27,897
down €27,897 (-68.6%), from €40,692 to €12,795
mainly Receivables within one year (-€158,316) and Tax, wage and social debts (-€4,500)
- Reserves +€134,000
up €134,000 (+41.6%), from €322,000 to €456,000
- Gross operating margin +€57,511
up €57,511 (+40.2%), from €142,992 to €200,502
- Depreciation -€30,174
no longer reported in 2025 (was €30,174)
- Taxes +€23,529
up €23,529 (+72.6%), from €32,417 to €55,946
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 | €486,874 | €617,292 | +€130,418 | +26.8% |
| Fixed assets | 21/28 | €272,083 | €272,083 | = | 0.0% |
| Tangible fixed assets | 22/27 | €272,083 | €272,083 | = | 0.0% |
| Land and buildings | 22 | €272,083 | €272,083 | = | 0.0% |
| Current assets | 29/58 | €214,791 | €345,210 | +€130,418 | +60.7% |
| Amounts receivable within one year | 40/41 | €174,099 | €332,415 | +€158,316 | +90.9% |
| Other amounts receivable | 41 | €174,099 | €332,415 | +€158,316 | +90.9% |
| Cash at bank and in hand | 54/58 | €40,692 | €12,795 | -€27,897 | -68.6% |
| Total equity and liabilities | 10/49 | €486,874 | €617,292 | +€130,418 | +26.8% |
| Equity | 10/15 | €343,897 | €477,914 | +€134,017 | +39.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €322,000 | €456,000 | +€134,000 | +41.6% |
| Distributable reserves | 133 | €322,000 | €456,000 | +€134,000 | +41.6% |
| Profit (loss) carried forward | 14 | €1,897 | €1,914 | +€17 | +0.9% |
| Amounts payable | 17/49 | €142,977 | €139,378 | -€3,599 | -2.5% |
| Amounts payable after more than one year | 17 | €122,454 | €122,454 | = | 0.0% |
| Other amounts payable | 178/9 | €122,454 | €122,454 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,523 | €16,924 | -€3,599 | -17.5% |
| Trade debts | 44 | €3,451 | - | -€3,451 | |
| Suppliers | 440/4 | €3,451 | - | -€3,451 | |
| Taxes, remuneration and social security | 45 | €4,500 | - | -€4,500 | |
| Taxes | 450/3 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €12,572 | €16,924 | +€4,352 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,174 | - | -€30,174 | |
| Other operating charges | 640/8 | €1,779 | €1,632 | -€148 | -8.3% |
| Gross operating margin | 9900 | €142,992 | €200,502 | +€57,511 | +40.2% |
| Operating profit (loss) | 9901 | €111,039 | €198,871 | +€87,832 | +79.1% |
| Financial income | 75/76B | €1,559 | - | -€1,559 | |
| Recurring financial income | 75 | €1,559 | - | -€1,559 | |
| Financial charges | 65/66B | €10,071 | €8,908 | -€1,163 | -11.5% |
| Recurring financial charges | 65 | €10,071 | €8,908 | -€1,163 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €102,527 | €189,962 | +€87,436 | +85.3% |
| Income taxes | 67/77 | €32,417 | €55,946 | +€23,529 | +72.6% |
| Profit (loss) for the period | 9904 | €70,110 | €134,017 | +€63,907 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,110 | €134,017 | +€63,907 | +91.2% |
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 11 October 2026 via checked.be.