ALEM: 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.
ALEM
Largest movements
- Deferred charges and accrued income +€15,000
new in 2025: €15,000
- Receivables within one year -€2,064
no longer reported in 2025 (was €2,064)
- Cash -€1,518
no longer reported in 2025 (was €1,518)
mainly Deferred charges and accrued income (-€15,000) and Tax, wage and social debts (-€198)
- Profit (loss) carried forward +€9,123
up €9,123 (+59.4%), from -€15,356 to -€6,233
- Other debts +€2,633
new in 2025: €2,633
- Tax, wage and social debts -€198
no longer reported in 2025 (was €198)
- Gross operating margin +€6,054
up €6,054 (+161.3%), from €3,753 to €9,807
- Depreciation -€331
no longer reported in 2025 (was €331)
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 | €3,582 | €15,000 | +€11,418 | +318.7% |
| Current assets | 29/58 | €3,582 | €15,000 | +€11,418 | +318.7% |
| Amounts receivable within one year | 40/41 | €2,064 | - | -€2,064 | |
| Other amounts receivable | 41 | €2,064 | - | -€2,064 | |
| Cash at bank and in hand | 54/58 | €1,518 | - | -€1,518 | |
| Deferred charges and accrued income | 490/1 | - | €15,000 | +€15,000 | |
| Total equity and liabilities | 10/49 | €3,582 | €15,000 | +€11,418 | +318.7% |
| Equity | 10/15 | €3,244 | €12,367 | +€9,123 | +281.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,356 | -€6,233 | +€9,123 | +59.4% |
| Amounts payable | 17/49 | €338 | €2,633 | +€2,295 | +678.2% |
| Amounts payable within one year | 42/48 | €338 | €2,633 | +€2,295 | +678.2% |
| Trade debts | 44 | €141 | - | -€141 | |
| Suppliers | 440/4 | €141 | - | -€141 | |
| Taxes, remuneration and social security | 45 | €198 | - | -€198 | |
| Taxes | 450/3 | €198 | - | -€198 | |
| Other amounts payable | 47/48 | - | €2,633 | +€2,633 | |
| Non-recurring operating income | 76A | €6,729 | - | -€6,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | - | -€331 | |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €3,753 | €9,807 | +€6,054 | +161.3% |
| Operating profit (loss) | 9901 | €2,897 | €9,276 | +€6,378 | +220.2% |
| Financial charges | 65/66B | €249 | €153 | -€96 | -38.7% |
| Recurring financial charges | 65 | €249 | €153 | -€96 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €2,648 | €9,123 | +€6,475 | +244.5% |
| Income taxes | 67/77 | €32 | - | -€32 | |
| Profit (loss) for the period | 9904 | €2,616 | €9,123 | +€6,507 | +248.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,616 | €9,123 | +€6,507 | +248.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.