ALAUDA: what changed
ALAUDA
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+53.6%), from €2.7m to €4.2m
of which Assets under construction and advance payments: +€1.4m
- Receivables within one year -€738,648
down €738,648 (-97.8%), from €755,641 to €16,993
of which Other amounts receivable: -€732,550
- Cash -€160,137
down €160,137 (-22.4%), from €715,554 to €555,417
mainly Investment in fixed assets (net) (-€1.6m) and Current portion of long-term debt (-€550,658)
- Financial fixed assets +€129,420
up €129,420 (+16.8%), from €769,330 to €898,750
- Debts after one year +€1.5m
up €1.5m (+49.2%), from €3.1m to €4.6m
of which Financial debts: +€1.5m
- Current portion of long-term debt -€550,658
down €550,658 (-82.3%), from €669,079 to €118,421
- Other debts -€299,973
down €299,973 (-41.7%), from €719,917 to €419,944
- Trade debts +€74,125
up €74,125 (+2,338%), from €3,170 to €77,295
- Profit (loss) carried forward -€60,372
down €60,372 (-15.9%), from -€379,468 to -€439,840
- Financial charges +€87,983
up €87,983 (+394%), from €22,312 to €110,295
- Gross operating margin -€46,605
down €46,605 (-33.1%), from €140,624 to €94,019
- Depreciation +€4,178
up €4,178 (+11.5%), from €36,452 to €40,630
- Other operating charges -€3,775
down €3,775 (-63.3%), from €5,961 to €2,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,947,779 | €5,629,800 | +€682,022 | +13.8% |
| Fixed assets | 21/28 | €3,470,884 | €5,049,561 | +€1.6m | +45.5% |
| Tangible fixed assets | 22/27 | €2,701,554 | €4,150,811 | +€1.4m | +53.6% |
| Land and buildings | 22 | €1,056,416 | €1,053,178 | -€3,238 | -0.3% |
| Plant, machinery and equipment | 23 | €487 | €152 | -€335 | -68.9% |
| Furniture and vehicles | 24 | €95,146 | €115,074 | +€19,928 | +20.9% |
| Assets under construction and advance payments | 27 | €1,549,506 | €2,982,408 | +€1.4m | +92.5% |
| Financial fixed assets | 28 | €769,330 | €898,750 | +€129,420 | +16.8% |
| Current assets | 29/58 | €1,476,895 | €580,239 | -€896,655 | -60.7% |
| Amounts receivable within one year | 40/41 | €755,641 | €16,993 | -€738,648 | -97.8% |
| Trade receivables | 40 | €21,465 | €15,367 | -€6,098 | -28.4% |
| Other amounts receivable | 41 | €734,176 | €1,626 | -€732,550 | -99.8% |
| Cash at bank and in hand | 54/58 | €715,554 | €555,417 | -€160,137 | -22.4% |
| Deferred charges and accrued income | 490/1 | €5,699 | €7,829 | +€2,130 | +37.4% |
| Total equity and liabilities | 10/49 | €4,947,779 | €5,629,800 | +€682,022 | +13.8% |
| Equity | 10/15 | €490,532 | €430,160 | -€60,372 | -12.3% |
| Contributions | 10/11 | €870,000 | €870,000 | = | 0.0% |
| Capital | 10 | €870,000 | €870,000 | = | 0.0% |
| Issued capital | 100 | €870,000 | €870,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,468 | -€439,840 | -€60,372 | -15.9% |
| Amounts payable | 17/49 | €4,457,246 | €5,199,640 | +€742,394 | +16.7% |
| Amounts payable after more than one year | 17 | €3,050,921 | €4,553,464 | +€1.5m | +49.2% |
| Financial debts | 170/4 | €2,180,921 | €3,683,464 | +€1.5m | +68.9% |
| Other amounts payable | 178/9 | €870,000 | €870,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,401,253 | €620,341 | -€780,913 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €669,079 | €118,421 | -€550,658 | -82.3% |
| Trade debts | 44 | €3,170 | €77,295 | +€74,125 | +2,338% |
| Suppliers | 440/4 | €3,170 | €77,295 | +€74,125 | +2,338% |
| Taxes, remuneration and social security | 45 | €9,087 | €4,680 | -€4,407 | -48.5% |
| Taxes | 450/3 | €9,087 | €4,680 | -€4,407 | -48.5% |
| Other amounts payable | 47/48 | €719,917 | €419,944 | -€299,973 | -41.7% |
| Accrued charges and deferred income | 492/3 | €5,072 | €25,836 | +€20,764 | +409% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,452 | €40,630 | +€4,178 | +11.5% |
| Other operating charges | 640/8 | €5,961 | €2,186 | -€3,775 | -63.3% |
| Gross operating margin | 9900 | €140,624 | €94,019 | -€46,605 | -33.1% |
| Operating profit (loss) | 9901 | €98,211 | €51,204 | -€47,007 | -47.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €22,312 | €110,295 | +€87,983 | +394% |
| Recurring financial charges | 65 | €22,312 | €110,295 | +€87,983 | +394% |
| Profit (loss) for the period before taxes | 9903 | €75,898 | -€59,091 | -€134,990 | |
| Income taxes | 67/77 | €1,056 | €1,281 | +€225 | +21.3% |
| Profit (loss) for the period | 9904 | €74,842 | -€60,372 | -€135,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,842 | -€60,372 | -€135,214 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.