ALEMA: 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.
What changed
ALEMA
NACE 52.210, Service activities incidental to land transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.3m+€56,590
Equity
€16.5m
2024 · €15.9m+€613,092
Cash
€875,172
2024 · €204,251+€670,921
Balance sheet total
€20.9m
2024 · €20.3m+€596,423
Largest movements
Assets
- Cash +€670,921
up €670,921 (+328.5%), from €204,251 to €875,172
mainly Net result for the year (+€1.4m) and Depreciation (+€65,440)
Equity and liabilities
- Reserves +€500,000
up €500,000 (+6.7%), from €7.5m to €8.0m
Income statement
- Gross operating margin +€51,904
up €51,904 (+14.9%), from €347,970 to €399,874
- Financial charges -€26,464
down €26,464 (-10.3%), from €257,814 to €231,350
- Taxes +€25,715
up €25,715 (+517.3%), from €4,971 to €30,686
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.
Result 2024
€1.3m
Gross operating margin
+€51,904
Depreciation
+€3,334
Other operating charges
+€563
Financial income
+€40
Financial charges
+€26,464
Taxes
-€25,715
Result 2025
€1.4m
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.
From operations
+€1.5m
Investment
-€14,899
Financing
-€780,053
Cash 2024
€204,251
From operations (derived)
+€1.5m
Net result for the year
+€1.4m
Depreciation
+€65,440
Receivables within one year
+€23,957
Smaller working-capital items
-€729
Tax, wage and social debts
-€8,454
Accrued charges and deferred income
-€7,486
Investment (derived)
-€14,899
Investment in fixed assets (net)
-€14,846
Current investments
-€53
Financing
-€780,053
Contributions, distributions and other
-€780,053
Cash 2025
€875,172
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,346,168 | €20,942,590 | +€596,423 | +2.9% |
| Fixed assets | 21/28 | €20,062,738 | €20,012,144 | -€50,594 | -0.3% |
| Tangible fixed assets | 22/27 | €174,809 | €124,215 | -€50,594 | -28.9% |
| Land and buildings | 22 | €35,940 | €31,466 | -€4,474 | -12.4% |
| Furniture and vehicles | 24 | €138,869 | €92,749 | -€46,120 | -33.2% |
| Financial fixed assets | 28 | €19,887,929 | €19,887,929 | = | 0.0% |
| Current assets | 29/58 | €283,430 | €930,447 | +€647,017 | +228.3% |
| Amounts receivable within one year | 40/41 | €69,147 | €45,190 | -€23,957 | -34.6% |
| Trade receivables | 40 | €53,850 | €44,940 | -€8,910 | -16.5% |
| Other amounts receivable | 41 | €15,297 | €250 | -€15,047 | -98.4% |
| Current investments | 50/53 | €10,032 | €10,085 | +€53 | +0.5% |
| Cash at bank and in hand | 54/58 | €204,251 | €875,172 | +€670,921 | +328.5% |
| Total equity and liabilities | 10/49 | €20,346,168 | €20,942,590 | +€596,423 | +2.9% |
| Equity | 10/15 | €15,919,279 | €16,532,371 | +€613,092 | +3.9% |
| Contributions | 10/11 | €8,402,100 | €8,402,100 | = | 0.0% |
| Reserves | 13 | €7,500,000 | €8,000,000 | +€500,000 | +6.7% |
| Distributable reserves | 133 | €7,500,000 | €8,000,000 | +€500,000 | +6.7% |
| Profit (loss) carried forward | 14 | €17,179 | €130,271 | +€113,092 | +658.3% |
| Amounts payable | 17/49 | €4,426,889 | €4,410,220 | -€16,669 | -0.4% |
| Amounts payable after more than one year | 17 | €3,135,806 | €3,135,806 | = | 0.0% |
| Other amounts payable | 178/9 | €3,135,806 | €3,135,806 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,121,980 | €1,112,797 | -€9,183 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €253,341 | €253,341 | = | 0.0% |
| Trade debts | 44 | €797 | €325 | -€472 | -59.2% |
| Suppliers | 440/4 | €797 | €325 | -€472 | -59.2% |
| Taxes, remuneration and social security | 45 | €320,523 | €312,070 | -€8,454 | -2.6% |
| Taxes | 450/3 | €320,523 | €312,070 | -€8,454 | -2.6% |
| Other amounts payable | 47/48 | €547,319 | €547,061 | -€258 | 0.0% |
| Accrued charges and deferred income | 492/3 | €169,104 | €161,617 | -€7,486 | -4.4% |
| Non-recurring operating income | 76A | €10,000 | €12,596 | +€2,596 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,775 | €65,440 | -€3,334 | -4.8% |
| Other operating charges | 640/8 | €2,690 | €2,127 | -€563 | -20.9% |
| Gross operating margin | 9900 | €347,970 | €399,874 | +€51,904 | +14.9% |
| Operating profit (loss) | 9901 | €276,505 | €332,306 | +€55,801 | +20.2% |
| Financial income | 75/76B | €1,322,835 | €1,322,875 | +€40 | 0.0% |
| Recurring financial income | 75 | €1,322,835 | €1,322,875 | +€40 | 0.0% |
| Financial charges | 65/66B | €257,814 | €231,350 | -€26,464 | -10.3% |
| Recurring financial charges | 65 | €257,814 | €231,350 | -€26,464 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,341,526 | €1,423,831 | +€82,305 | +6.1% |
| Income taxes | 67/77 | €4,971 | €30,686 | +€25,715 | +517.3% |
| Profit (loss) for the period | 9904 | €1,336,556 | €1,393,145 | +€56,590 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,336,556 | €1,393,145 | +€56,590 | +4.2% |
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.