ALARJI: 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.
ALARJI
Largest movements
- Tangible fixed assets -€33,111
down €33,111 (-22.1%), from €150,081 to €116,970
of which Plant, machinery and equipment: -€26,630
- Receivables within one year +€12,200
up €12,200 (+21.9%), from €55,587 to €67,787
- Cash +€4,773
up €4,773 (+270.1%), from €1,767 to €6,541
mainly Depreciation (+€43,086) and Net result for the year (+€17,861)
- Intangible fixed assets -€4,287
down €4,287 (-66.8%), from €6,422 to €2,135
- Debts after one year -€41,960
down €41,960 (-94.4%), from €44,451 to €2,491
- Profit (loss) carried forward +€17,861
up €17,861 (+19.2%), from -€93,268 to -€75,407
- Trade debts +€9,810
up €9,810 (+13.9%), from €70,785 to €80,595
- Other debts +€7,426
up €7,426 (+19.6%), from €37,896 to €45,322
- Tax, wage and social debts -€6,500
down €6,500 (-6.6%), from €99,023 to €92,522
of which Remuneration and social security: -€26,839
- Gross operating margin +€37,519
up €37,519 (+13.1%), from €286,109 to €323,628
- Taxes -€5,215
no longer reported in 2025 (was €5,215)
- Depreciation +€4,462
up €4,462 (+11.6%), from €38,623 to €43,086
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 | €241,519 | €223,092 | -€18,427 | -7.6% |
| Fixed assets | 21/28 | €175,252 | €137,854 | -€37,398 | -21.3% |
| Intangible fixed assets | 21 | €6,422 | €2,135 | -€4,287 | -66.8% |
| Tangible fixed assets | 22/27 | €150,081 | €116,970 | -€33,111 | -22.1% |
| Plant, machinery and equipment | 23 | €128,046 | €101,416 | -€26,630 | -20.8% |
| Furniture and vehicles | 24 | €22,035 | €15,554 | -€6,481 | -29.4% |
| Financial fixed assets | 28 | €18,750 | €18,750 | = | 0.0% |
| Current assets | 29/58 | €66,267 | €85,238 | +€18,970 | +28.6% |
| Stocks and contracts in progress | 3 | €8,026 | €8,633 | +€606 | +7.6% |
| Stocks | 30/36 | €8,026 | €8,633 | +€606 | +7.6% |
| Amounts receivable within one year | 40/41 | €55,587 | €67,787 | +€12,200 | +21.9% |
| Trade receivables | 40 | €55,587 | €67,787 | +€12,200 | +21.9% |
| Cash at bank and in hand | 54/58 | €1,767 | €6,541 | +€4,773 | +270.1% |
| Deferred charges and accrued income | 490/1 | €886 | €2,277 | +€1,390 | +156.8% |
| Total equity and liabilities | 10/49 | €241,519 | €223,092 | -€18,427 | -7.6% |
| Equity | 10/15 | -€63,268 | -€45,407 | +€17,861 | +28.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,268 | -€75,407 | +€17,861 | +19.2% |
| Amounts payable | 17/49 | €304,787 | €268,499 | -€36,288 | -11.9% |
| Amounts payable after more than one year | 17 | €44,451 | €2,491 | -€41,960 | -94.4% |
| Financial debts | 170/4 | €44,451 | €2,491 | -€41,960 | -94.4% |
| Amounts payable within one year | 42/48 | €260,336 | €266,007 | +€5,672 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €52,158 | €47,568 | -€4,590 | -8.8% |
| Financial debts | 43 | €474 | - | -€474 | |
| Credit institutions | 430/8 | €474 | - | -€474 | |
| Trade debts | 44 | €70,785 | €80,595 | +€9,810 | +13.9% |
| Suppliers | 440/4 | €70,785 | €80,595 | +€9,810 | +13.9% |
| Taxes, remuneration and social security | 45 | €99,023 | €92,522 | -€6,500 | -6.6% |
| Taxes | 450/3 | €27,086 | €47,425 | +€20,339 | +75.1% |
| Remuneration and social security | 454/9 | €71,937 | €45,097 | -€26,839 | -37.3% |
| Other amounts payable | 47/48 | €37,896 | €45,322 | +€7,426 | +19.6% |
| Remuneration, social security and pensions | 62 | €246,529 | €249,167 | +€2,638 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,623 | €43,086 | +€4,462 | +11.6% |
| Other operating charges | 640/8 | €5,327 | €8,102 | +€2,775 | +52.1% |
| Gross operating margin | 9900 | €286,109 | €323,628 | +€37,519 | +13.1% |
| Operating profit (loss) | 9901 | -€4,370 | €23,274 | +€27,644 | |
| Financial income | 75/76B | €4 | €3 | -€1 | -28.9% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -28.9% |
| Financial charges | 65/66B | €6,032 | €5,416 | -€616 | -10.2% |
| Recurring financial charges | 65 | €6,032 | €5,416 | -€616 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,398 | €17,861 | +€28,259 | |
| Income taxes | 67/77 | €5,215 | - | -€5,215 | |
| Profit (loss) for the period | 9904 | -€15,613 | €17,861 | +€33,474 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,613 | €17,861 | +€33,474 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.