ALEOR: what changed
Two fiscal 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.
ALEOR
Largest movements
- Tangible fixed assets -€10,298
down €10,298 (-3.3%), from €307,527 to €297,229
of which Land and buildings: -€9,795
- Cash -€8,075
down €8,075 (-94.4%), from €8,554 to €479
mainly Debts after one year (-€17,404) and Deferred charges and accrued income (-€557)
- Debts after one year -€17,404
down €17,404 (-8.9%), from €195,222 to €177,819
of which Financial debts: -€17,404
- Gross operating margin -€7,422
down €7,422 (-35.5%), from €20,920 to €13,498
- Other operating charges -€1,493
down €1,493 (-65.6%), from €2,276 to €783
- Taxes -€1,048
down €1,048 (-100.0%), from €1,048 to €0
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 | €318,440 | €300,882 | -€17,558 | -5.5% |
| Fixed assets | 21/28 | €307,527 | €297,229 | -€10,298 | -3.3% |
| Tangible fixed assets | 22/27 | €307,527 | €297,229 | -€10,298 | -3.3% |
| Land and buildings | 22 | €306,685 | €296,890 | -€9,795 | -3.2% |
| Plant, machinery and equipment | 23 | €370 | €221 | -€149 | -40.3% |
| Furniture and vehicles | 24 | €472 | €118 | -€354 | -75.0% |
| Current assets | 29/58 | €10,913 | €3,653 | -€7,260 | -66.5% |
| Amounts receivable within one year | 40/41 | €55 | €313 | +€258 | +470.1% |
| Other amounts receivable | 41 | €55 | €313 | +€258 | +470.1% |
| Cash at bank and in hand | 54/58 | €8,554 | €479 | -€8,075 | -94.4% |
| Deferred charges and accrued income | 490/1 | €2,304 | €2,862 | +€557 | +24.2% |
| Total equity and liabilities | 10/49 | €318,440 | €300,882 | -€17,558 | -5.5% |
| Equity | 10/15 | €29,012 | €28,533 | -€480 | -1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,012 | €8,533 | -€480 | -5.3% |
| Distributable reserves | 133 | €9,012 | €8,533 | -€480 | -5.3% |
| Amounts payable | 17/49 | €289,428 | €272,350 | -€17,078 | -5.9% |
| Amounts payable after more than one year | 17 | €195,222 | €177,819 | -€17,404 | -8.9% |
| Financial debts | 170/4 | €193,122 | €175,719 | -€17,404 | -9.0% |
| Other amounts payable | 178/9 | €2,100 | €2,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,206 | €94,531 | +€325 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €17,174 | €17,404 | +€229 | +1.3% |
| Trade debts | 44 | €0 | €123 | +€123 | |
| Suppliers | 440/4 | €0 | €123 | +€123 | |
| Taxes, remuneration and social security | 45 | €1,533 | €1,386 | -€146 | -9.6% |
| Taxes | 450/3 | €1,533 | €1,386 | -€146 | -9.6% |
| Other amounts payable | 47/48 | €75,499 | €75,618 | +€119 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,298 | €10,298 | = | 0.0% |
| Other operating charges | 640/8 | €2,276 | €783 | -€1,493 | -65.6% |
| Gross operating margin | 9900 | €20,920 | €13,498 | -€7,422 | -35.5% |
| Operating profit (loss) | 9901 | €8,347 | €2,417 | -€5,929 | -71.0% |
| Financial charges | 65/66B | €3,104 | €2,897 | -€207 | -6.7% |
| Recurring financial charges | 65 | €3,104 | €2,897 | -€207 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €5,242 | -€480 | -€5,722 | |
| Income taxes | 67/77 | €1,048 | €0 | -€1,048 | -100.0% |
| Profit (loss) for the period | 9904 | €4,194 | -€480 | -€4,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,194 | -€480 | -€4,673 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.