ALAN SACRAMONE: 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 SACRAMONE
Largest movements
- Receivables within one year -€64,931
down €64,931 (-16.2%), from €401,081 to €336,151
of which Trade receivables: -€60,500
- Reserves +€46,814
up €46,814 (+11.2%), from €419,461 to €466,275
- Debts after one year -€40,988
down €40,988 (-37.9%), from €108,266 to €67,278
- Tax, wage and social debts -€40,286
down €40,286 (-53.4%), from €75,498 to €35,213
- Other debts -€20,703
down €20,703 (-35.8%), from €57,909 to €37,207
- Financial income -€106,129
down €106,129 (-100.0%), from €106,131 to €2
of which Financial income: -€106,129
- Taxes -€9,155
down €9,155 (-29.5%), from €31,001 to €21,847
- Financial charges -€2,420
down €2,420 (-38.3%), from €6,324 to €3,904
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.
Derived cash bridge
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 | €706,481 | €651,960 | -€54,520 | -7.7% |
| Fixed assets | 21/28 | €300,000 | €303,744 | +€3,744 | +1.2% |
| Tangible fixed assets | 22/27 | - | €3,744 | +€3,744 | |
| Furniture and vehicles | 24 | - | €3,744 | +€3,744 | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €406,481 | €348,216 | -€58,264 | -14.3% |
| Amounts receivable within one year | 40/41 | €401,081 | €336,151 | -€64,931 | -16.2% |
| Trade receivables | 40 | €60,500 | - | -€60,500 | |
| Other amounts receivable | 41 | €340,581 | €336,151 | -€4,431 | -1.3% |
| Cash at bank and in hand | 54/58 | €5,400 | €12,066 | +€6,666 | +123% |
| Total equity and liabilities | 10/49 | €706,481 | €651,960 | -€54,520 | -7.7% |
| Equity | 10/15 | €424,461 | €471,275 | +€46,814 | +11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €419,461 | €466,275 | +€46,814 | +11.2% |
| Distributable reserves | 133 | €419,461 | €466,275 | +€46,814 | +11.2% |
| Amounts payable | 17/49 | €282,019 | €180,685 | -€101,334 | -35.9% |
| Amounts payable after more than one year | 17 | €108,266 | €67,278 | -€40,988 | -37.9% |
| Financial debts | 170/4 | €108,266 | €67,278 | -€40,988 | -37.9% |
| Amounts payable within one year | 42/48 | €173,754 | €113,407 | -€60,347 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €39,862 | €40,988 | +€1,126 | +2.8% |
| Trade debts | 44 | €484 | - | -€484 | |
| Suppliers | 440/4 | €484 | - | -€484 | |
| Taxes, remuneration and social security | 45 | €75,498 | €35,213 | -€40,286 | -53.4% |
| Taxes | 450/3 | €75,498 | €35,213 | -€40,286 | -53.4% |
| Other amounts payable | 47/48 | €57,909 | €37,207 | -€20,703 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €60 | +€60 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €72,751 | €73,024 | +€272 | +0.4% |
| Operating profit (loss) | 9901 | €72,751 | €72,563 | -€188 | -0.3% |
| Financial income | 75/76B | €106,131 | €2 | -€106,129 | -100.0% |
| Recurring financial income | 75 | €106,131 | €2 | -€106,129 | -100.0% |
| Non-recurring financial income | 76B | - | €2 | +€2 | |
| Financial charges | 65/66B | €6,324 | €3,904 | -€2,420 | -38.3% |
| Recurring financial charges | 65 | €6,324 | €3,904 | -€2,420 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €172,557 | €68,661 | -€103,896 | -60.2% |
| Income taxes | 67/77 | €31,001 | €21,847 | -€9,155 | -29.5% |
| Profit (loss) for the period | 9904 | €141,556 | €46,814 | -€94,742 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €141,556 | €46,814 | -€94,742 | -66.9% |
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 23 October 2026 via checked.be.