ALEAS: 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.
ALEAS
Largest movements
- Cash -€22,772
down €22,772 (-29.4%), from €77,470 to €54,698
mainly Contributions, distributions and other (-€132,670) and Tax, wage and social debts (-€1,313)
- Tangible fixed assets -€16,123
down €16,123 (-27.1%), from €59,505 to €43,382
of which Furniture and vehicles: -€15,767
- Receivables within one year -€4,136
down €4,136 (-20.2%), from €20,475 to €16,340
of which Other amounts receivable: -€4,136
- Reserves -€71,741
down €71,741 (-100%), from €71,741 to €0
- Other debts +€31,855
up €31,855 (+40.1%), from €79,442 to €111,297
- Gross operating margin -€4,729
down €4,729 (-4.7%), from €100,886 to €96,157
- Financial income +€2,586
up €2,586 (+232%), from €1,115 to €3,702
- Financial charges +€1,869
up €1,869, from -€625 to €1,244
- Staff costs +€1,567
new in 2025: €1,567
- Taxes -€1,053
down €1,053 (-6.0%), from €17,638 to €16,585
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 | €189,570 | €147,682 | -€41,888 | -22.1% |
| Fixed assets | 21/28 | €59,505 | €43,382 | -€16,123 | -27.1% |
| Tangible fixed assets | 22/27 | €59,505 | €43,382 | -€16,123 | -27.1% |
| Land and buildings | 22 | €2,331 | €1,572 | -€759 | -32.6% |
| Plant, machinery and equipment | 23 | €933 | €1,335 | +€402 | +43.1% |
| Furniture and vehicles | 24 | €56,241 | €40,475 | -€15,767 | -28.0% |
| Current assets | 29/58 | €130,064 | €104,300 | -€25,764 | -19.8% |
| Amounts receivable within one year | 40/41 | €20,475 | €16,340 | -€4,136 | -20.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,475 | €16,340 | -€4,136 | -20.2% |
| Current investments | 50/53 | €29,873 | €30,673 | +€800 | +2.7% |
| Cash at bank and in hand | 54/58 | €77,470 | €54,698 | -€22,772 | -29.4% |
| Deferred charges and accrued income | 490/1 | €2,245 | €2,589 | +€344 | +15.3% |
| Total equity and liabilities | 10/49 | €189,570 | €147,682 | -€41,888 | -22.1% |
| Equity | 10/15 | €90,341 | €18,600 | -€71,741 | -79.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,741 | €0 | -€71,741 | -100% |
| Distributable reserves | 133 | €71,741 | €0 | -€71,741 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,228 | €129,082 | +€29,854 | +30.1% |
| Amounts payable within one year | 42/48 | €98,507 | €129,082 | +€30,575 | +31.0% |
| Trade debts | 44 | €6,461 | €6,494 | +€33 | +0.5% |
| Suppliers | 440/4 | €6,461 | €6,494 | +€33 | +0.5% |
| Taxes, remuneration and social security | 45 | €12,603 | €11,291 | -€1,313 | -10.4% |
| Taxes | 450/3 | €12,603 | €11,291 | -€1,313 | -10.4% |
| Other amounts payable | 47/48 | €79,442 | €111,297 | +€31,855 | +40.1% |
| Accrued charges and deferred income | 492/3 | €722 | €0 | -€722 | -100% |
| Remuneration, social security and pensions | 62 | - | €1,567 | +€1,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,659 | €17,372 | -€288 | -1.6% |
| Other operating charges | 640/8 | €2,082 | €2,162 | +€80 | +3.8% |
| Gross operating margin | 9900 | €100,886 | €96,157 | -€4,729 | -4.7% |
| Operating profit (loss) | 9901 | €81,144 | €75,057 | -€6,088 | -7.5% |
| Financial income | 75/76B | €1,115 | €3,702 | +€2,586 | +232% |
| Recurring financial income | 75 | €1,115 | €3,702 | +€2,586 | +232% |
| Financial charges | 65/66B | -€625 | €1,244 | +€1,869 | |
| Recurring financial charges | 65 | -€625 | €1,244 | +€1,869 | |
| Profit (loss) for the period before taxes | 9903 | €82,884 | €77,514 | -€5,370 | -6.5% |
| Income taxes | 67/77 | €17,638 | €16,585 | -€1,053 | -6.0% |
| Profit (loss) for the period | 9904 | €65,246 | €60,929 | -€4,318 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,246 | €60,929 | -€4,318 | -6.6% |
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 14 October 2026 via checked.be.