ALEPH 8: 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.
ALEPH 8
Largest movements
- Cash +€58,515
up €58,515 (+127096.7%), from €46 to €58,561
mainly Net result for the year (+€30,489) and Receivables within one year (+€20,749)
- Receivables within one year -€20,749
down €20,749 (-48.9%), from €42,404 to €21,655
of which Trade receivables: -€16,970
- Tangible fixed assets -€10,381
down €10,381 (-4.8%), from €214,599 to €204,218
of which Land and buildings: -€9,856
- Deferred charges and accrued income -€7,202
no longer reported in 2025 (was €7,202)
- Reserves +€30,489
up €30,489 (+14.8%), from €206,501 to €236,990
of which Distributable reserves: +€34,643
- Trade debts -€14,430
down €14,430 (-85.3%), from €16,912 to €2,481
- Tax, wage and social debts +€11,949
up €11,949 (+97.2%), from €12,290 to €24,238
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Taxes +€21,367
up €21,367 (+399.4%), from €5,350 to €26,717
- Depreciation -€20,347
down €20,347 (-59.8%), from €34,028 to €13,681
- Gross operating margin -€3,855
down €3,855 (-5.2%), from €73,911 to €70,056
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 | €264,251 | €284,434 | +€20,184 | +7.6% |
| Fixed assets | 21/28 | €214,599 | €204,218 | -€10,381 | -4.8% |
| Tangible fixed assets | 22/27 | €214,599 | €204,218 | -€10,381 | -4.8% |
| Land and buildings | 22 | €211,400 | €201,544 | -€9,856 | -4.7% |
| Furniture and vehicles | 24 | €3,199 | €2,674 | -€525 | -16.4% |
| Current assets | 29/58 | €49,651 | €80,216 | +€30,565 | +61.6% |
| Amounts receivable within one year | 40/41 | €42,404 | €21,655 | -€20,749 | -48.9% |
| Trade receivables | 40 | €27,424 | €10,454 | -€16,970 | -61.9% |
| Other amounts receivable | 41 | €14,980 | €11,200 | -€3,779 | -25.2% |
| Cash at bank and in hand | 54/58 | €46 | €58,561 | +€58,515 | +127096.7% |
| Deferred charges and accrued income | 490/1 | €7,202 | - | -€7,202 | |
| Total equity and liabilities | 10/49 | €264,251 | €284,434 | +€20,184 | +7.6% |
| Equity | 10/15 | €212,701 | €236,990 | +€24,289 | +11.4% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €206,501 | €236,990 | +€30,489 | +14.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,891 | €79,736 | -€4,155 | -5.0% |
| Distributable reserves | 133 | €120,750 | €155,393 | +€34,643 | +28.7% |
| Provisions and deferred taxes | 16 | €22,110 | €20,725 | -€1,385 | -6.3% |
| Deferred taxes | 168 | €22,110 | €20,725 | -€1,385 | -6.3% |
| Amounts payable | 17/49 | €29,440 | €26,720 | -€2,720 | -9.2% |
| Amounts payable within one year | 42/48 | €29,440 | €26,720 | -€2,720 | -9.2% |
| Financial debts | 43 | €238 | - | -€238 | |
| Credit institutions | 430/8 | €238 | - | -€238 | |
| Trade debts | 44 | €16,912 | €2,481 | -€14,430 | -85.3% |
| Suppliers | 440/4 | €16,912 | €2,481 | -€14,430 | -85.3% |
| Taxes, remuneration and social security | 45 | €12,290 | €24,238 | +€11,949 | +97.2% |
| Taxes | 450/3 | €12,290 | €24,238 | +€11,949 | +97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,028 | €13,681 | -€20,347 | -59.8% |
| Other operating charges | 640/8 | €1,318 | €1,213 | -€105 | -8.0% |
| Gross operating margin | 9900 | €73,911 | €70,056 | -€3,855 | -5.2% |
| Operating profit (loss) | 9901 | €38,565 | €55,162 | +€16,597 | +43.0% |
| Financial income | 75/76B | €1,225 | €886 | -€338 | -27.6% |
| Recurring financial income | 75 | €1,225 | €886 | -€338 | -27.6% |
| Financial charges | 65/66B | €133 | €228 | +€95 | +71.5% |
| Recurring financial charges | 65 | €133 | €228 | +€95 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €39,656 | €55,820 | +€16,164 | +40.8% |
| Transfer from deferred taxes | 780 | €663 | €1,385 | +€721 | +108.7% |
| Income taxes | 67/77 | €5,350 | €26,717 | +€21,367 | +399.4% |
| Profit (loss) for the period | 9904 | €34,970 | €30,489 | -€4,481 | -12.8% |
| Transfer from tax-exempt reserves | 789 | €1,580 | €4,155 | +€2,575 | +163.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,549 | €34,643 | -€1,906 | -5.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.