ALE MANAGEMENT: 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.
ALE MANAGEMENT
Largest movements
- Tangible fixed assets +€19,737
up €19,737 (+283.1%), from €6,972 to €26,710
of which Furniture and vehicles: +€19,689
- Cash -€4,424
down €4,424 (-68.9%), from €6,417 to €1,993
mainly Investment in fixed assets (net) (-€24,139) and Tax, wage and social debts (-€3,388)
- Receivables within one year -€990
down €990 (-21.7%), from €4,566 to €3,576
of which Trade receivables: -€2,066
- Other debts +€14,439
up €14,439 (+1892.1%), from €763 to €15,202
- Tax, wage and social debts -€3,388
down €3,388 (-70.6%), from €4,800 to €1,413
- Profit (loss) carried forward +€2,521
up €2,521 (+30.1%), from €8,374 to €10,895
- Accrued charges and deferred income +€412
new in 2025: €412
- Trade debts +€340
up €340 (+2007.8%), from €17 to €357
- Depreciation +€3,169
up €3,169 (+257.0%), from €1,233 to €4,402
- Gross operating margin +€2,204
up €2,204 (+28.1%), from €7,847 to €10,052
- Taxes -€464
down €464 (-35.8%), from €1,293 to €830
- Financial charges -€251
down €251 (-18.6%), from €1,353 to €1,102
- Other operating charges +€120
up €120 (+11.2%), from €1,078 to €1,198
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 | €17,955 | €32,279 | +€14,324 | +79.8% |
| Fixed assets | 21/28 | €6,972 | €26,710 | +€19,737 | +283.1% |
| Tangible fixed assets | 22/27 | €6,972 | €26,710 | +€19,737 | +283.1% |
| Plant, machinery and equipment | 23 | - | €1,114 | +€1,114 | |
| Furniture and vehicles | 24 | - | €19,689 | +€19,689 | |
| Other tangible fixed assets | 26 | €6,972 | €5,907 | -€1,066 | -15.3% |
| Current assets | 29/58 | €10,983 | €5,569 | -€5,414 | -49.3% |
| Amounts receivable within one year | 40/41 | €4,566 | €3,576 | -€990 | -21.7% |
| Trade receivables | 40 | €4,566 | €2,500 | -€2,066 | -45.2% |
| Other amounts receivable | 41 | - | €1,076 | +€1,076 | |
| Cash at bank and in hand | 54/58 | €6,417 | €1,993 | -€4,424 | -68.9% |
| Total equity and liabilities | 10/49 | €17,955 | €32,279 | +€14,324 | +79.8% |
| Equity | 10/15 | €12,374 | €14,895 | +€2,521 | +20.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,374 | €10,895 | +€2,521 | +30.1% |
| Amounts payable | 17/49 | €5,581 | €17,384 | +€11,803 | +211.5% |
| Amounts payable within one year | 42/48 | €5,581 | €16,971 | +€11,391 | +204.1% |
| Trade debts | 44 | €17 | €357 | +€340 | +2007.8% |
| Suppliers | 440/4 | €17 | €357 | +€340 | +2007.8% |
| Taxes, remuneration and social security | 45 | €4,800 | €1,413 | -€3,388 | -70.6% |
| Taxes | 450/3 | €4,800 | €1,413 | -€3,388 | -70.6% |
| Other amounts payable | 47/48 | €763 | €15,202 | +€14,439 | +1892.1% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,233 | €4,402 | +€3,169 | +257.0% |
| Other operating charges | 640/8 | €1,078 | €1,198 | +€120 | +11.2% |
| Gross operating margin | 9900 | €7,847 | €10,052 | +€2,204 | +28.1% |
| Operating profit (loss) | 9901 | €5,537 | €4,452 | -€1,085 | -19.6% |
| Financial charges | 65/66B | €1,353 | €1,102 | -€251 | -18.6% |
| Recurring financial charges | 65 | €1,353 | €1,102 | -€251 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €4,184 | €3,351 | -€834 | -19.9% |
| Income taxes | 67/77 | €1,293 | €830 | -€464 | -35.8% |
| Profit (loss) for the period | 9904 | €2,891 | €2,521 | -€370 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,891 | €2,521 | -€370 | -12.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.