ALAREL: 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.
ALAREL
Largest movements
- Financial fixed assets -€936,956
no longer reported in 2025 (was €936,956)
- Current investments +€936,956
new in 2025: €936,956
- Cash +€21,705
up €21,705 (+542.4%), from €4,002 to €25,707
mainly Investment in fixed assets (net) (+€936,956) and Net result for the year (+€221,083)
- Reserves +€221,083
up €221,083 (+470.4%), from €47,000 to €268,083
- Other debts -€158,225
down €158,225 (-32.6%), from €485,493 to €327,267
- Debts after one year -€47,000
down €47,000 (-13.3%), from €352,500 to €305,500
- Financial income +€180,000
new in 2025: €180,000
- Gross operating margin +€20,034
up €20,034 (+45.2%), from €44,304 to €64,338
- Taxes +€2,699
up €2,699 (+33.4%), from €8,077 to €10,776
- Financial charges -€1,520
down €1,520 (-11.7%), from €13,000 to €11,480
- Other operating charges +€998
new in 2025: €998
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 | €942,881 | €965,809 | +€22,928 | +2.4% |
| Fixed assets | 21/28 | €936,956 | - | -€936,956 | |
| Financial fixed assets | 28 | €936,956 | - | -€936,956 | |
| Current assets | 29/58 | €5,924 | €965,809 | +€959,884 | +16202.3% |
| Amounts receivable within one year | 40/41 | €1,923 | €3,145 | +€1,223 | +63.6% |
| Other amounts receivable | 41 | €1,923 | €3,145 | +€1,223 | +63.6% |
| Current investments | 50/53 | - | €936,956 | +€936,956 | |
| Cash at bank and in hand | 54/58 | €4,002 | €25,707 | +€21,705 | +542.4% |
| Total equity and liabilities | 10/49 | €942,881 | €965,809 | +€22,928 | +2.4% |
| Equity | 10/15 | €57,415 | €278,498 | +€221,083 | +385.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €47,000 | €268,083 | +€221,083 | +470.4% |
| Distributable reserves | 133 | €47,000 | €268,083 | +€221,083 | +470.4% |
| Profit (loss) carried forward | 14 | €415 | €415 | = | 0.0% |
| Amounts payable | 17/49 | €885,466 | €687,311 | -€198,155 | -22.4% |
| Amounts payable after more than one year | 17 | €352,500 | €305,500 | -€47,000 | -13.3% |
| Financial debts | 170/4 | €352,500 | €305,500 | -€47,000 | -13.3% |
| Amounts payable within one year | 42/48 | €532,966 | €381,811 | -€151,155 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €47,000 | €47,000 | = | 0.0% |
| Trade debts | 44 | €47 | €964 | +€916 | +1934.8% |
| Suppliers | 440/4 | €47 | €964 | +€916 | +1934.8% |
| Taxes, remuneration and social security | 45 | €426 | €6,580 | +€6,154 | +1444.2% |
| Taxes | 450/3 | €426 | €6,580 | +€6,154 | +1444.2% |
| Other amounts payable | 47/48 | €485,493 | €327,267 | -€158,225 | -32.6% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | €44,304 | €64,338 | +€20,034 | +45.2% |
| Operating profit (loss) | 9901 | €44,304 | €63,339 | +€19,036 | +43.0% |
| Financial income | 75/76B | - | €180,000 | +€180,000 | |
| Recurring financial income | 75 | - | €180,000 | +€180,000 | |
| Financial charges | 65/66B | €13,000 | €11,480 | -€1,520 | -11.7% |
| Recurring financial charges | 65 | €13,000 | €11,480 | -€1,520 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €31,304 | €231,859 | +€200,555 | +640.7% |
| Income taxes | 67/77 | €8,077 | €10,776 | +€2,699 | +33.4% |
| Profit (loss) for the period | 9904 | €23,227 | €221,083 | +€197,857 | +851.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,227 | €221,083 | +€197,857 | +851.8% |
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 10 October 2026 via checked.be.