ALEA I: 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.
ALEA I
Largest movements
- Cash -€36,989
down €36,989 (-79.4%), from €46,567 to €9,579
mainly Net result for the year (-€114,430) and Receivables within one year (-€28,196)
- Receivables within one year +€28,196
up €28,196 (+319.2%), from €8,833 to €37,029
of which Trade receivables: +€25,400
- Tangible fixed assets +€2,015
up €2,015 (+18.5%), from €10,910 to €12,926
of which Assets under construction and advance payments: +€8,275
- Reserves -€114,430
down €114,430 (-86.2%), from €132,679 to €18,249
- Other debts +€101,311
up €101,311 (+2212.3%), from €4,579 to €105,890
- Accrued charges and deferred income +€4,425
up €4,425, from €0 to €4,425
- Tax, wage and social debts +€3,655
up €3,655 (+55.6%), from €6,573 to €10,228
of which Remuneration and social security: +€2,488
- Gross operating margin -€109,492
down €109,492, from €20,503 to -€88,989
- Staff costs +€12,644
new in 2025: €12,644
- Taxes -€6,126
down €6,126 (-93.0%), from €6,587 to €461
- Financial charges +€3,670
up €3,670 (+441.5%), from €831 to €4,501
- Financial income +€2,739
up €2,739 (+1712.8%), from €160 to €2,899
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 | €165,764 | €159,902 | -€5,862 | -3.5% |
| Fixed assets | 21/28 | €73,996 | €75,555 | +€1,559 | +2.1% |
| Intangible fixed assets | 21 | €686 | €229 | -€457 | -66.6% |
| Tangible fixed assets | 22/27 | €10,910 | €12,926 | +€2,015 | +18.5% |
| Land and buildings | 22 | €998 | €871 | -€127 | -12.7% |
| Furniture and vehicles | 24 | €4,095 | €3,780 | -€315 | -7.7% |
| Leasing and similar rights | 25 | €5,818 | €0 | -€5,818 | -100.0% |
| Assets under construction and advance payments | 27 | - | €8,275 | +€8,275 | |
| Financial fixed assets | 28 | €62,400 | €62,400 | = | 0.0% |
| Current assets | 29/58 | €91,768 | €84,347 | -€7,420 | -8.1% |
| Amounts receivable within one year | 40/41 | €8,833 | €37,029 | +€28,196 | +319.2% |
| Trade receivables | 40 | €8,580 | €33,980 | +€25,400 | +296.0% |
| Other amounts receivable | 41 | €253 | €3,049 | +€2,796 | +1107.4% |
| Current investments | 50/53 | €33,850 | €33,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,567 | €9,579 | -€36,989 | -79.4% |
| Deferred charges and accrued income | 490/1 | €2,517 | €3,889 | +€1,372 | +54.5% |
| Total equity and liabilities | 10/49 | €165,764 | €159,902 | -€5,862 | -3.5% |
| Equity | 10/15 | €151,279 | €36,849 | -€114,430 | -75.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,679 | €18,249 | -€114,430 | -86.2% |
| Distributable reserves | 133 | €132,679 | €18,249 | -€114,430 | -86.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,485 | €123,053 | +€108,569 | +749.5% |
| Amounts payable within one year | 42/48 | €14,485 | €118,628 | +€104,144 | +719.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,332 | €2,510 | -€822 | -24.7% |
| Suppliers | 440/4 | €3,332 | €2,510 | -€822 | -24.7% |
| Taxes, remuneration and social security | 45 | €6,573 | €10,228 | +€3,655 | +55.6% |
| Taxes | 450/3 | €6,573 | €7,740 | +€1,167 | +17.8% |
| Remuneration and social security | 454/9 | - | €2,488 | +€2,488 | |
| Other amounts payable | 47/48 | €4,579 | €105,890 | +€101,311 | +2212.3% |
| Accrued charges and deferred income | 492/3 | €0 | €4,425 | +€4,425 | |
| Remuneration, social security and pensions | 62 | - | €12,644 | +€12,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,613 | €7,995 | -€1,618 | -16.8% |
| Other operating charges | 640/8 | €2,506 | €2,739 | +€233 | +9.3% |
| Gross operating margin | 9900 | €20,503 | -€88,989 | -€109,492 | |
| Operating profit (loss) | 9901 | €8,384 | -€112,367 | -€120,751 | |
| Financial income | 75/76B | €160 | €2,899 | +€2,739 | +1712.8% |
| Recurring financial income | 75 | €160 | €2,899 | +€2,739 | +1712.8% |
| Financial charges | 65/66B | €831 | €4,501 | +€3,670 | +441.5% |
| Recurring financial charges | 65 | €831 | €4,501 | +€3,670 | +441.5% |
| Profit (loss) for the period before taxes | 9903 | €7,713 | -€113,969 | -€121,681 | |
| Income taxes | 67/77 | €6,587 | €461 | -€6,126 | -93.0% |
| Profit (loss) for the period | 9904 | €1,125 | -€114,430 | -€115,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,125 | -€114,430 | -€115,556 |
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 12 October 2026 via checked.be.