ALEN: 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.
What changed
ALEN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€371,278
2024 · -€1.1m+€728,145
Equity
€10.8m
2024 · €11.2m-€371,278
Cash
€48,933
2024 · €35,637+€13,296
Balance sheet total
€20.2m
2024 · €20.9m-€649,681
Largest movements
Assets
- Receivables after one year -€849,346
down €849,346 (-24.7%), from €3.4m to €2.6m
- Receivables within one year +€498,717
up €498,717 (+32.0%), from €1.6m to €2.1m
of which Other amounts receivable: +€568,576
- Tangible fixed assets -€306,421
down €306,421 (-8.1%), from €3.8m to €3.5m
of which Land and buildings: -€293,178
Equity and liabilities
- Debts after one year -€714,654
down €714,654 (-16.4%), from €4.4m to €3.6m
of which Financial debts: -€711,854
- Other debts +€449,601
up €449,601 (+10.7%), from €4.2m to €4.7m
- Profit (loss) carried forward -€371,278
down €371,278 (-4.6%), from -€8.1m to -€8.5m
Income statement
- Other operating charges -€447,648
down €447,648 (-81.2%), from €551,527 to €103,879
- Turnover -€215,292
down €215,292 (-30.7%), from €700,745 to €485,453
- Services and other goods +€137,258
up €137,258 (+44.0%), from €312,171 to €449,429
- Financial charges +€44,121
up €44,121 (+14.5%), from €303,298 to €347,418
of which Financial charges: +€43,836
- Depreciation -€43,648
down €43,648 (-23.7%), from €184,042 to €140,394
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
-€1.1m
Turnover
-€215,292
Other operating income
-€28,540
Services and other goods
-€137,258
Depreciation
+€43,648
Other operating charges
+€447,648
Other operating items
+€641,376
Financial income
+€24,400
Financial charges
-€44,121
Taxes
-€3,717
Result 2025
-€371,278
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€591,346
Investment
+€166,027
Financing
-€744,077
Cash 2024
€35,637
From operations (derived)
+€591,346
Net result for the year
-€371,278
Depreciation
+€140,394
Receivables after one year
+€849,346
Receivables within one year
-€498,717
Deferred charges and accrued income
+€5,927
Trade debts
-€120,579
Tax, wage and social debts
+€6,847
Other debts
+€449,601
Accrued charges and deferred income
+€129,806
Investment (derived)
+€166,027
Investment in fixed assets (net)
+€166,027
Financing
-€744,077
Debts after one year
-€714,654
Current portion of long-term debt
-€29,423
Cash 2025
€48,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,878,402 | €20,228,722 | -€649,681 | -3.1% |
| Fixed assets | 21/28 | €15,838,778 | €15,532,357 | -€306,421 | -1.9% |
| Tangible fixed assets | 22/27 | €3,797,025 | €3,490,604 | -€306,421 | -8.1% |
| Land and buildings | 22 | €3,726,608 | €3,433,430 | -€293,178 | -7.9% |
| Plant, machinery and equipment | 23 | €24,688 | €24,609 | -€79 | -0.3% |
| Furniture and vehicles | 24 | €45,729 | €32,564 | -€13,164 | -28.8% |
| Financial fixed assets | 28 | €12,041,754 | €12,041,754 | = | 0.0% |
| Affiliated companies | 280/1 | €11,364,472 | €11,364,472 | = | 0.0% |
| Participating interests | 280 | €11,364,472 | €11,364,472 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €673,082 | €673,082 | = | 0.0% |
| Participating interests | 282 | €219,189 | €219,189 | = | 0.0% |
| Amounts receivable | 283 | €453,893 | €453,893 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,200 | €4,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €5,039,624 | €4,696,364 | -€343,260 | -6.8% |
| Amounts receivable after more than one year | 29 | €3,438,000 | €2,588,654 | -€849,346 | -24.7% |
| Other amounts receivable | 291 | €3,438,000 | €2,588,654 | -€849,346 | -24.7% |
| Amounts receivable within one year | 40/41 | €1,560,060 | €2,058,777 | +€498,717 | +32.0% |
| Trade receivables | 40 | €93,409 | €23,551 | -€69,859 | -74.8% |
| Other amounts receivable | 41 | €1,466,651 | €2,035,227 | +€568,576 | +38.8% |
| Cash at bank and in hand | 54/58 | €35,637 | €48,933 | +€13,296 | +37.3% |
| Deferred charges and accrued income | 490/1 | €5,927 | - | -€5,927 | |
| Total equity and liabilities | 10/49 | €20,878,402 | €20,228,722 | -€649,681 | -3.1% |
| Equity | 10/15 | €11,190,424 | €10,819,146 | -€371,278 | -3.3% |
| Contributions | 10/11 | €16,388,600 | €16,388,600 | = | 0.0% |
| Capital | 10 | €16,388,600 | €16,388,600 | = | 0.0% |
| Issued capital | 100 | €16,388,600 | €16,388,600 | = | 0.0% |
| Reserves | 13 | €2,921,183 | €2,921,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,938,860 | €1,938,860 | = | 0.0% |
| Legal reserve | 130 | €1,938,860 | €1,938,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €963,573 | €963,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,119,359 | -€8,490,636 | -€371,278 | -4.6% |
| Amounts payable | 17/49 | €9,687,978 | €9,409,575 | -€278,403 | -2.9% |
| Amounts payable after more than one year | 17 | €4,358,355 | €3,643,701 | -€714,654 | -16.4% |
| Financial debts | 170/4 | €4,355,555 | €3,643,701 | -€711,854 | -16.3% |
| Credit institutions | 173 | €4,355,555 | €3,643,701 | -€711,854 | -16.3% |
| Other amounts payable | 178/9 | €2,800 | - | -€2,800 | |
| Amounts payable within one year | 42/48 | €4,903,570 | €5,210,015 | +€306,446 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €466,667 | €437,244 | -€29,423 | -6.3% |
| Trade debts | 44 | €182,563 | €61,984 | -€120,579 | -66.0% |
| Suppliers | 440/4 | €182,563 | €61,984 | -€120,579 | -66.0% |
| Taxes, remuneration and social security | 45 | €34,516 | €41,363 | +€6,847 | +19.8% |
| Taxes | 450/3 | €34,516 | €41,363 | +€6,847 | +19.8% |
| Other amounts payable | 47/48 | €4,219,824 | €4,669,424 | +€449,601 | +10.7% |
| Accrued charges and deferred income | 492/3 | €426,053 | €555,859 | +€129,806 | +30.5% |
| Operating income | 70/76A | €879,439 | €774,691 | -€104,749 | -11.9% |
| Turnover | 70 | €700,745 | €485,453 | -€215,292 | -30.7% |
| Other operating income | 74 | €178,004 | €149,464 | -€28,540 | -16.0% |
| Non-recurring operating income | 76A | €691 | €139,773 | +€139,083 | +20,133% |
| Operating charges | 60/66A | €1,901,355 | €1,045,024 | -€856,331 | -45.0% |
| Services and other goods | 61 | €312,171 | €449,429 | +€137,258 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,042 | €140,394 | -€43,648 | -23.7% |
| Other operating charges | 640/8 | €551,527 | €103,879 | -€447,648 | -81.2% |
| Non-recurring operating charges | 66A | €853,614 | €351,321 | -€502,293 | -58.8% |
| Operating profit (loss) | 9901 | -€1,021,916 | -€270,333 | +€751,583 | +73.5% |
| Financial income | 75/76B | €229,604 | €254,004 | +€24,400 | +10.6% |
| Recurring financial income | 75 | €229,604 | €254,004 | +€24,400 | +10.6% |
| Income from current assets | 751 | €229,584 | €254,004 | +€24,419 | +10.6% |
| Other financial income | 752/9 | €19 | - | -€19 | |
| Financial charges | 65/66B | €303,298 | €347,418 | +€44,121 | +14.5% |
| Recurring financial charges | 65 | €303,298 | €347,134 | +€43,836 | +14.5% |
| Debt charges | 650 | €303,288 | €346,982 | +€43,695 | +14.4% |
| Other financial charges | 652/9 | €10 | €151 | +€141 | +1,413% |
| Non-recurring financial charges | 66B | - | €285 | +€285 | |
| Profit (loss) for the period before taxes | 9903 | -€1,095,610 | -€363,748 | +€731,862 | +66.8% |
| Income taxes | 67/77 | €3,813 | €7,530 | +€3,717 | +97.5% |
| Taxes | 670/3 | €3,813 | €7,530 | +€3,717 | +97.5% |
| Profit (loss) for the period | 9904 | -€1,099,423 | -€371,278 | +€728,145 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,099,423 | -€371,278 | +€728,145 | +66.2% |
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 19 October 2026 via checked.be.