ALENTUM: 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.
ALENTUM
Largest movements
- Cash -€1.5m
down €1.5m (-87.6%), from €1.7m to €215,486
mainly Receivables after one year (-€900,000) and Contributions, distributions and other (-€835,300)
- Receivables after one year +€900,000
new in 2025: €900,000
- Current investments +€631,377
up €631,377 (+242.2%), from €260,738 to €892,114
- Tangible fixed assets +€128,617
up €128,617 (+5.9%), from €2.2m to €2.3m
of which Land and buildings: +€96,819
- Other debts +€853,367
up €853,367 (+1024.1%), from €83,333 to €936,700
- Reserves -€700,015
down €700,015 (-25.1%), from €2.8m to €2.1m
of which Distributable reserves: -€693,040
- Debts after one year -€131,452
down €131,452 (-10.4%), from €1.3m to €1.1m
- Revaluation surpluses +€101,400
up €101,400 (+20.1%), from €503,914 to €605,314
- Gross operating margin +€48,012
up €48,012 (+17.5%), from €275,013 to €323,025
- Financial income +€37,363
up €37,363 (+78.8%), from €47,395 to €84,758
- Taxes +€13,416
up €13,416 (+17.2%), from €77,899 to €91,315
- Depreciation -€13,311
down €13,311 (-49.4%), from €26,944 to €13,633
- Financial charges +€12,368
up €12,368 (+63.7%), from €19,413 to €31,780
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,037,925 | €5,185,356 | +€147,431 | +2.9% |
| Fixed assets | 21/28 | €2,982,045 | €3,110,663 | +€128,617 | +4.3% |
| Tangible fixed assets | 22/27 | €2,175,201 | €2,303,818 | +€128,617 | +5.9% |
| Land and buildings | 22 | €2,152,070 | €2,248,889 | +€96,819 | +4.5% |
| Furniture and vehicles | 24 | €23,131 | €54,930 | +€31,799 | +137.5% |
| Financial fixed assets | 28 | €806,844 | €806,844 | = | 0.0% |
| Current assets | 29/58 | €2,055,880 | €2,074,694 | +€18,814 | +0.9% |
| Amounts receivable after more than one year | 29 | - | €900,000 | +€900,000 | |
| Other amounts receivable | 291 | - | €900,000 | +€900,000 | |
| Amounts receivable within one year | 40/41 | €20,752 | €31,937 | +€11,186 | +53.9% |
| Trade receivables | 40 | €20,752 | €20,752 | = | 0.0% |
| Other amounts receivable | 41 | - | €11,186 | +€11,186 | |
| Current investments | 50/53 | €260,738 | €892,114 | +€631,377 | +242.2% |
| Cash at bank and in hand | 54/58 | €1,735,771 | €215,486 | -€1.5m | -87.6% |
| Deferred charges and accrued income | 490/1 | €38,619 | €35,156 | -€3,463 | -9.0% |
| Total equity and liabilities | 10/49 | €5,037,925 | €5,185,356 | +€147,431 | +2.9% |
| Equity | 10/15 | €3,506,816 | €2,908,202 | -€598,614 | -17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €503,914 | €605,314 | +€101,400 | +20.1% |
| Reserves | 13 | €2,793,656 | €2,093,641 | -€700,015 | -25.1% |
| Tax-exempt reserves | 132 | €25,440 | €18,465 | -€6,975 | -27.4% |
| Distributable reserves | 133 | €2,768,216 | €2,075,176 | -€693,040 | -25.0% |
| Profit (loss) carried forward | 14 | €184,246 | €184,247 | +€1 | 0.0% |
| Provisions and deferred taxes | 16 | €13,100 | €9,508 | -€3,592 | -27.4% |
| Deferred taxes | 168 | €13,100 | €9,508 | -€3,592 | -27.4% |
| Amounts payable | 17/49 | €1,518,009 | €2,267,646 | +€749,637 | +49.4% |
| Amounts payable after more than one year | 17 | €1,268,330 | €1,136,878 | -€131,452 | -10.4% |
| Financial debts | 170/4 | €1,268,330 | €1,136,878 | -€131,452 | -10.4% |
| Amounts payable within one year | 42/48 | €246,835 | €1,114,041 | +€867,205 | +351.3% |
| Current portion of amounts payable after more than one year | 42 | €129,956 | €131,452 | +€1,497 | +1.2% |
| Trade debts | 44 | €25,697 | €25,405 | -€292 | -1.1% |
| Suppliers | 440/4 | €25,697 | €25,405 | -€292 | -1.1% |
| Taxes, remuneration and social security | 45 | €7,850 | €20,483 | +€12,633 | +160.9% |
| Taxes | 450/3 | €7,850 | €16,483 | +€8,633 | +110.0% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €83,333 | €936,700 | +€853,367 | +1024.1% |
| Accrued charges and deferred income | 492/3 | €2,844 | €16,728 | +€13,884 | +488.2% |
| Non-recurring operating income | 76A | - | €55,000 | +€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,944 | €13,633 | -€13,311 | -49.4% |
| Other operating charges | 640/8 | €31,994 | €30,556 | -€1,438 | -4.5% |
| Non-recurring operating charges | 66A | - | €7,405 | +€7,405 | |
| Gross operating margin | 9900 | €275,013 | €323,025 | +€48,012 | +17.5% |
| Operating profit (loss) | 9901 | €216,074 | €271,431 | +€55,357 | +25.6% |
| Financial income | 75/76B | €47,395 | €84,758 | +€37,363 | +78.8% |
| Recurring financial income | 75 | €47,395 | €84,758 | +€37,363 | +78.8% |
| Financial charges | 65/66B | €19,413 | €31,780 | +€12,368 | +63.7% |
| Recurring financial charges | 65 | €19,413 | €31,780 | +€12,368 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €244,057 | €324,409 | +€80,352 | +32.9% |
| Transfer from deferred taxes | 780 | €3,592 | €3,592 | = | 0.0% |
| Income taxes | 67/77 | €77,899 | €91,315 | +€13,416 | +17.2% |
| Profit (loss) for the period | 9904 | €169,750 | €236,686 | +€66,936 | +39.4% |
| Transfer from tax-exempt reserves | 789 | €6,975 | €6,975 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,725 | €243,661 | +€66,936 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.