ALENO: 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.
ALENO
Largest movements
- Cash -€36,370
down €36,370 (-49.0%), from €74,201 to €37,831
mainly Other debts (-€59,000) and Receivables within one year (-€23,118)
- Receivables within one year +€23,118
up €23,118 (+60.9%), from €37,931 to €61,048
of which Trade receivables: +€21,796
- Tangible fixed assets +€5,931
up €5,931 (+103%), from €5,750 to €11,681
of which Furniture and vehicles: +€7,054
- Other debts -€59,000
no longer reported in 2025 (was €59,000)
- Profit (loss) carried forward +€49,322
up €49,322 (+197%), from €25,099 to €74,421
- Tax, wage and social debts +€1,488
up €1,488 (+5.4%), from €27,713 to €29,201
of which Remuneration and social security: +€6,130
- Gross operating margin -€25,011
down €25,011 (-26.4%), from €94,641 to €69,630
- Taxes -€5,470
down €5,470 (-28.3%), from €19,315 to €13,845
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 | €118,131 | €110,811 | -€7,321 | -6.2% |
| Fixed assets | 21/28 | €6,000 | €11,931 | +€5,931 | +98.9% |
| Tangible fixed assets | 22/27 | €5,750 | €11,681 | +€5,931 | +103% |
| Plant, machinery and equipment | 23 | €3,308 | €2,185 | -€1,123 | -33.9% |
| Furniture and vehicles | 24 | €2,442 | €9,496 | +€7,054 | +289% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €112,131 | €98,880 | -€13,252 | -11.8% |
| Amounts receivable within one year | 40/41 | €37,931 | €61,048 | +€23,118 | +60.9% |
| Trade receivables | 40 | €36,792 | €58,588 | +€21,796 | +59.2% |
| Other amounts receivable | 41 | €1,138 | €2,460 | +€1,322 | +116% |
| Cash at bank and in hand | 54/58 | €74,201 | €37,831 | -€36,370 | -49.0% |
| Total equity and liabilities | 10/49 | €118,131 | €110,811 | -€7,321 | -6.2% |
| Equity | 10/15 | €30,716 | €80,818 | +€50,102 | +163% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €618 | €1,398 | +€780 | +126% |
| Distributable reserves | 133 | €618 | €1,398 | +€780 | +126% |
| Profit (loss) carried forward | 14 | €25,099 | €74,421 | +€49,322 | +197% |
| Amounts payable | 17/49 | €87,415 | €29,993 | -€57,423 | -65.7% |
| Amounts payable within one year | 42/48 | €87,415 | €29,993 | -€57,423 | -65.7% |
| Trade debts | 44 | €702 | €792 | +€90 | +12.7% |
| Suppliers | 440/4 | €702 | €792 | +€90 | +12.7% |
| Taxes, remuneration and social security | 45 | €27,713 | €29,201 | +€1,488 | +5.4% |
| Taxes | 450/3 | €27,691 | €23,049 | -€4,642 | -16.8% |
| Remuneration and social security | 454/9 | €22 | €6,152 | +€6,130 | +28,119% |
| Other amounts payable | 47/48 | €59,000 | - | -€59,000 | |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €3,591 | -€559 | -13.5% |
| Other operating charges | 640/8 | €2,379 | €1,982 | -€396 | -16.7% |
| Gross operating margin | 9900 | €94,641 | €69,630 | -€25,011 | -26.4% |
| Operating profit (loss) | 9901 | €88,112 | €63,917 | -€24,195 | -27.5% |
| Financial income | 75/76B | €874 | €245 | -€629 | -72.0% |
| Recurring financial income | 75 | €874 | €245 | -€629 | -72.0% |
| Financial charges | 65/66B | €224 | €215 | -€9 | -4.1% |
| Recurring financial charges | 65 | €224 | €215 | -€9 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €88,762 | €63,947 | -€24,815 | -28.0% |
| Income taxes | 67/77 | €19,315 | €13,845 | -€5,470 | -28.3% |
| Profit (loss) for the period | 9904 | €69,447 | €50,102 | -€19,345 | -27.9% |
| Transfer to tax-exempt reserves | 689 | - | €780 | +€780 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,447 | €49,322 | -€20,125 | -29.0% |
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.