ALEARIS: 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.
ALEARIS
Largest movements
- Cash +€216,732
up €216,732 (+248%), from €87,411 to €304,143
mainly Net result for the year (+€117,526) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Intangible fixed assets -€13,000
down €13,000 (-28.6%), from €45,500 to €32,500
- Reserves +€117,000
up €117,000 (+47.2%), from €247,875 to €364,875
of which Distributable reserves: +€117,000
- Debts after one year -€18,365
down €18,365 (-34.6%), from €53,100 to €34,735
of which Financial debts: -€21,466
- Tax, wage and social debts +€5,961
up €5,961 (+76.3%), from €7,810 to €13,770
- Gross operating margin +€47,219
up €47,219 (+32.3%), from €146,091 to €193,310
- Taxes +€23,553
up €23,553 (+73.3%), from €32,145 to €55,698
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.
Derived cash bridge
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 | €349,324 | €455,446 | +€106,122 | +30.4% |
| Fixed assets | 21/28 | €146,767 | €131,843 | -€14,924 | -10.2% |
| Intangible fixed assets | 21 | €45,500 | €32,500 | -€13,000 | -28.6% |
| Tangible fixed assets | 22/27 | €25,622 | €23,698 | -€1,924 | -7.5% |
| Plant, machinery and equipment | 23 | €24,846 | €23,157 | -€1,689 | -6.8% |
| Furniture and vehicles | 24 | €776 | €541 | -€235 | -30.3% |
| Financial fixed assets | 28 | €75,645 | €75,645 | = | 0.0% |
| Current assets | 29/58 | €202,556 | €323,603 | +€121,046 | +59.8% |
| Amounts receivable within one year | 40/41 | €15,146 | €19,460 | +€4,314 | +28.5% |
| Trade receivables | 40 | €15,125 | €16,362 | +€1,237 | +8.2% |
| Other amounts receivable | 41 | €21 | €3,098 | +€3,077 | +14,886% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €87,411 | €304,143 | +€216,732 | +248% |
| Total equity and liabilities | 10/49 | €349,324 | €455,446 | +€106,122 | +30.4% |
| Equity | 10/15 | €267,148 | €384,674 | +€117,526 | +44.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €247,875 | €364,875 | +€117,000 | +47.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,515 | €8,515 | = | 0.0% |
| Distributable reserves | 133 | €237,500 | €354,500 | +€117,000 | +49.3% |
| Profit (loss) carried forward | 14 | €13,074 | €13,600 | +€526 | +4.0% |
| Amounts payable | 17/49 | €82,176 | €70,772 | -€11,404 | -13.9% |
| Amounts payable after more than one year | 17 | €53,100 | €34,735 | -€18,365 | -34.6% |
| Financial debts | 170/4 | €49,826 | €28,360 | -€21,466 | -43.1% |
| Other amounts payable | 178/9 | €3,274 | €6,375 | +€3,102 | +94.7% |
| Amounts payable within one year | 42/48 | €29,076 | €36,037 | +€6,961 | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €20,438 | €21,466 | +€1,028 | +5.0% |
| Trade debts | 44 | €28 | - | -€28 | |
| Suppliers | 440/4 | €28 | - | -€28 | |
| Taxes, remuneration and social security | 45 | €7,810 | €13,770 | +€5,961 | +76.3% |
| Taxes | 450/3 | €7,810 | €13,770 | +€5,961 | +76.3% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Non-recurring operating income | 76A | €3,176 | - | -€3,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,028 | €14,924 | -€104 | -0.7% |
| Other operating charges | 640/8 | €1,750 | €2,059 | +€309 | +17.7% |
| Gross operating margin | 9900 | €146,091 | €193,310 | +€47,219 | +32.3% |
| Operating profit (loss) | 9901 | €129,313 | €176,327 | +€47,014 | +36.4% |
| Financial income | 75/76B | - | €477 | +€477 | |
| Recurring financial income | 75 | - | €477 | +€477 | |
| Financial charges | 65/66B | €4,360 | €3,580 | -€780 | -17.9% |
| Recurring financial charges | 65 | €4,360 | €3,580 | -€780 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €124,953 | €173,224 | +€48,271 | +38.6% |
| Income taxes | 67/77 | €32,145 | €55,698 | +€23,553 | +73.3% |
| Profit (loss) for the period | 9904 | €92,808 | €117,526 | +€24,719 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,808 | €117,526 | +€24,719 | +26.6% |
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 15 October 2026 via checked.be.