ALENA: 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.
ALENA
Largest movements
- Cash -€8,231
down €8,231 (-33.0%), from €24,940 to €16,710
mainly Contributions, distributions and other (-€21,296) and Investment in fixed assets (net) (-€9,805)
- Deferred charges and accrued income +€1,806
up €1,806 (+128%), from €1,415 to €3,221
- Tangible fixed assets -€862
down €862 (-3.0%), from €28,975 to €28,113
of which Plant, machinery and equipment: -€6,668
- Reserves -€9,994
down €9,994 (-21.1%), from €47,426 to €37,432
of which Distributable reserves: -€9,994
- Trade debts +€8,166
up €8,166 (+414%), from €1,972 to €10,138
- Profit (loss) carried forward -€6,271
down €6,271 (-100%), from €6,271 to €0
- Tax, wage and social debts +€1,276
up €1,276 (+39.0%), from €3,270 to €4,546
of which Remuneration and social security: +€1,503
- Other debts -€774
down €774 (-64.5%), from €1,200 to €426
- Staff costs -€1,860
down €1,860 (-5.2%), from €36,015 to €34,155
- Gross operating margin -€768
down €768 (-1.5%), from €52,913 to €52,145
- Depreciation +€664
up €664 (+6.6%), from €10,003 to €10,667
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 | €75,041 | €67,416 | -€7,625 | -10.2% |
| Fixed assets | 21/28 | €43,975 | €43,113 | -€862 | -2.0% |
| Tangible fixed assets | 22/27 | €28,975 | €28,113 | -€862 | -3.0% |
| Land and buildings | 22 | €5,811 | €11,399 | +€5,589 | +96.2% |
| Plant, machinery and equipment | 23 | €21,608 | €14,940 | -€6,668 | -30.9% |
| Furniture and vehicles | 24 | €1,556 | €1,773 | +€217 | +13.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €31,066 | €24,303 | -€6,763 | -21.8% |
| Stocks and contracts in progress | 3 | €822 | €1,025 | +€204 | +24.8% |
| Stocks | 30/36 | €822 | €1,025 | +€204 | +24.8% |
| Amounts receivable within one year | 40/41 | €3,889 | €3,347 | -€542 | -13.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,889 | €3,347 | -€542 | -13.9% |
| Cash at bank and in hand | 54/58 | €24,940 | €16,710 | -€8,231 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,415 | €3,221 | +€1,806 | +128% |
| Total equity and liabilities | 10/49 | €75,041 | €67,416 | -€7,625 | -10.2% |
| Equity | 10/15 | €68,571 | €52,305 | -€16,265 | -23.7% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €47,426 | €37,432 | -€9,994 | -21.1% |
| Tax-exempt reserves | 132 | €12,462 | €12,462 | = | 0.0% |
| Distributable reserves | 133 | €34,964 | €24,970 | -€9,994 | -28.6% |
| Profit (loss) carried forward | 14 | €6,271 | €0 | -€6,271 | -100% |
| Amounts payable | 17/49 | €6,470 | €15,110 | +€8,640 | +134% |
| Amounts payable within one year | 42/48 | €6,442 | €15,110 | +€8,668 | +135% |
| Trade debts | 44 | €1,972 | €10,138 | +€8,166 | +414% |
| Suppliers | 440/4 | €1,972 | €10,138 | +€8,166 | +414% |
| Taxes, remuneration and social security | 45 | €3,270 | €4,546 | +€1,276 | +39.0% |
| Taxes | 450/3 | €629 | €402 | -€227 | -36.1% |
| Remuneration and social security | 454/9 | €2,641 | €4,144 | +€1,503 | +56.9% |
| Other amounts payable | 47/48 | €1,200 | €426 | -€774 | -64.5% |
| Accrued charges and deferred income | 492/3 | €28 | €0 | -€28 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €36,015 | €34,155 | -€1,860 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,003 | €10,667 | +€664 | +6.6% |
| Other operating charges | 640/8 | €758 | €716 | -€42 | -5.5% |
| Gross operating margin | 9900 | €52,913 | €52,145 | -€768 | -1.5% |
| Operating profit (loss) | 9901 | €6,137 | €6,606 | +€469 | +7.6% |
| Financial income | 75/76B | €210 | €1 | -€209 | -99.6% |
| Recurring financial income | 75 | €210 | €1 | -€209 | -99.6% |
| Financial charges | 65/66B | €1,179 | €923 | -€256 | -21.7% |
| Recurring financial charges | 65 | €1,179 | €923 | -€256 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €5,168 | €5,684 | +€516 | +10.0% |
| Income taxes | 67/77 | €629 | €653 | +€24 | +3.8% |
| Profit (loss) for the period | 9904 | €4,539 | €5,031 | +€492 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,539 | €5,031 | +€492 | +10.8% |
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 17 October 2026 via checked.be.