ALEPHDUE: 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.
ALEPHDUE
Largest movements
- Cash -€12,684
down €12,684 (-14.3%), from €88,981 to €76,297
mainly Net result for the year (-€27,116) and Debts after one year (-€5,978)
- Tangible fixed assets -€10,371
down €10,371 (-30.3%), from €34,270 to €23,899
- Receivables within one year -€5,762
down €5,762 (-87.9%), from €6,556 to €794
- Profit (loss) carried forward -€27,116
down €27,116 (-1,346%), from -€2,014 to -€29,130
- Debts after one year -€5,978
down €5,978 (-38.8%), from €15,417 to €9,439
- Other debts +€3,809
up €3,809 (+125%), from €3,051 to €6,860
- Gross operating margin -€28,782
down €28,782, from €14,126 to -€14,656
- Taxes -€3,199
down €3,199 (-91.6%), from €3,491 to €292
- Depreciation -€445
down €445 (-4.1%), from €10,816 to €10,371
- Financial charges -€294
down €294 (-25.1%), from €1,170 to €876
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 | €132,911 | €104,099 | -€28,812 | -21.7% |
| Fixed assets | 21/28 | €34,270 | €23,899 | -€10,371 | -30.3% |
| Tangible fixed assets | 22/27 | €34,270 | €23,899 | -€10,371 | -30.3% |
| Furniture and vehicles | 24 | €34,270 | €23,899 | -€10,371 | -30.3% |
| Current assets | 29/58 | €98,641 | €80,201 | -€18,440 | -18.7% |
| Amounts receivable within one year | 40/41 | €6,556 | €794 | -€5,762 | -87.9% |
| Other amounts receivable | 41 | €6,556 | €794 | -€5,762 | -87.9% |
| Cash at bank and in hand | 54/58 | €88,981 | €76,297 | -€12,684 | -14.3% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,110 | +€6 | +0.2% |
| Total equity and liabilities | 10/49 | €132,911 | €104,099 | -€28,812 | -21.7% |
| Equity | 10/15 | €108,646 | €81,530 | -€27,116 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,060 | €92,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,200 | €90,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,014 | -€29,130 | -€27,116 | -1,346% |
| Amounts payable | 17/49 | €24,265 | €22,569 | -€1,696 | -7.0% |
| Amounts payable after more than one year | 17 | €15,417 | €9,439 | -€5,978 | -38.8% |
| Financial debts | 170/4 | €15,417 | €9,439 | -€5,978 | -38.8% |
| Amounts payable within one year | 42/48 | €8,848 | €13,130 | +€4,282 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €5,737 | €5,978 | +€241 | +4.2% |
| Trade debts | 44 | €60 | €0 | -€60 | -100% |
| Suppliers | 440/4 | €60 | €0 | -€60 | -100% |
| Taxes, remuneration and social security | 45 | - | €292 | +€292 | |
| Taxes | 450/3 | - | €292 | +€292 | |
| Other amounts payable | 47/48 | €3,051 | €6,860 | +€3,809 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,816 | €10,371 | -€445 | -4.1% |
| Other operating charges | 640/8 | €888 | €921 | +€33 | +3.7% |
| Gross operating margin | 9900 | €14,126 | -€14,656 | -€28,782 | |
| Operating profit (loss) | 9901 | €2,422 | -€25,947 | -€28,369 | |
| Financial charges | 65/66B | €1,170 | €876 | -€294 | -25.1% |
| Recurring financial charges | 65 | €1,170 | €876 | -€294 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €1,252 | -€26,824 | -€28,076 | |
| Income taxes | 67/77 | €3,491 | €292 | -€3,199 | -91.6% |
| Profit (loss) for the period | 9904 | -€2,239 | -€27,116 | -€24,877 | -1,111% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,239 | -€27,116 | -€24,877 | -1,111% |
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 26 October 2026 via checked.be.