Alenifin: 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.
Alenifin
Largest movements
- Tangible fixed assets +€256,890
up €256,890 (+215%), from €119,669 to €376,559
of which Land and buildings: +€186,443
- Current investments +€100,308
up €100,308 (+251%), from €40,000 to €140,308
- Cash -€9,608
down €9,608 (-67.9%), from €14,153 to €4,545
mainly Investment in fixed assets (net) (-€317,850) and Current investments (-€100,308)
- Other debts +€102,834
new in 2025: €102,834
- Reserves +€102,406
up €102,406 (+84.8%), from €120,783 to €223,189
- Debts after one year +€77,074
up €77,074 (+453%), from €17,000 to €94,074
of which Financial debts: +€77,074
- Current portion of long-term debt +€35,000
new in 2025: €35,000
- Tax, wage and social debts +€28,634
up €28,634 (+61.7%), from €46,442 to €75,076
- Gross operating margin +€48,579
up €48,579 (+30.3%), from €160,552 to €209,130
- Depreciation +€48,469
up €48,469 (+388%), from €12,490 to €60,960
- Other operating charges +€12,189
up €12,189 (+1,604%), from €760 to €12,949
- Financial charges +€5,849
up €5,849 (+609%), from €961 to €6,811
- Financial income +€3,524
up €3,524 (+1,228%), from €287 to €3,811
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 | €198,669 | €550,754 | +€352,085 | +177% |
| Fixed assets | 21/28 | €119,669 | €376,559 | +€256,890 | +215% |
| Tangible fixed assets | 22/27 | €119,669 | €376,559 | +€256,890 | +215% |
| Land and buildings | 22 | - | €186,443 | +€186,443 | |
| Plant, machinery and equipment | 23 | €26,536 | €26,689 | +€153 | +0.6% |
| Furniture and vehicles | 24 | €93,133 | €80,685 | -€12,448 | -13.4% |
| Assets under construction and advance payments | 27 | - | €82,742 | +€82,742 | |
| Current assets | 29/58 | €79,000 | €174,195 | +€95,194 | +120% |
| Amounts receivable within one year | 40/41 | €20,813 | €25,253 | +€4,441 | +21.3% |
| Trade receivables | 40 | €20,813 | €24,830 | +€4,018 | +19.3% |
| Other amounts receivable | 41 | - | €423 | +€423 | |
| Current investments | 50/53 | €40,000 | €140,308 | +€100,308 | +251% |
| Cash at bank and in hand | 54/58 | €14,153 | €4,545 | -€9,608 | -67.9% |
| Deferred charges and accrued income | 490/1 | €4,034 | €4,088 | +€54 | +1.3% |
| Total equity and liabilities | 10/49 | €198,669 | €550,754 | +€352,085 | +177% |
| Equity | 10/15 | €130,783 | €233,189 | +€102,406 | +78.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €120,783 | €223,189 | +€102,406 | +84.8% |
| Distributable reserves | 133 | €120,783 | €223,189 | +€102,406 | +84.8% |
| Amounts payable | 17/49 | €67,886 | €317,565 | +€249,679 | +368% |
| Amounts payable after more than one year | 17 | €17,000 | €94,074 | +€77,074 | +453% |
| Financial debts | 170/4 | - | €77,074 | +€77,074 | |
| Other amounts payable | 178/9 | €17,000 | €17,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,886 | €220,882 | +€169,996 | +334% |
| Current portion of amounts payable after more than one year | 42 | - | €35,000 | +€35,000 | |
| Trade debts | 44 | €4,444 | €7,972 | +€3,528 | +79.4% |
| Suppliers | 440/4 | €4,444 | €7,972 | +€3,528 | +79.4% |
| Taxes, remuneration and social security | 45 | €46,442 | €75,076 | +€28,634 | +61.7% |
| Taxes | 450/3 | €46,442 | €75,076 | +€28,634 | +61.7% |
| Other amounts payable | 47/48 | - | €102,834 | +€102,834 | |
| Accrued charges and deferred income | 492/3 | - | €2,609 | +€2,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,490 | €60,960 | +€48,469 | +388% |
| Other operating charges | 640/8 | €760 | €12,949 | +€12,189 | +1,604% |
| Gross operating margin | 9900 | €160,552 | €209,130 | +€48,579 | +30.3% |
| Operating profit (loss) | 9901 | €147,302 | €135,221 | -€12,080 | -8.2% |
| Financial income | 75/76B | €287 | €3,811 | +€3,524 | +1,228% |
| Recurring financial income | 75 | €287 | €3,811 | +€3,524 | +1,228% |
| Financial charges | 65/66B | €961 | €6,811 | +€5,849 | +609% |
| Recurring financial charges | 65 | €961 | €6,811 | +€5,849 | +609% |
| Profit (loss) for the period before taxes | 9903 | €146,628 | €132,222 | -€14,405 | -9.8% |
| Income taxes | 67/77 | €31,241 | €28,151 | -€3,090 | -9.9% |
| Profit (loss) for the period | 9904 | €115,387 | €104,072 | -€11,315 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,387 | €104,072 | -€11,315 | -9.8% |
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 19 October 2026 via checked.be.