ALEPPO: 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.
ALEPPO
Largest movements
- Stocks and contracts -€15,950
down €15,950 (-50.3%), from €31,734 to €15,784
- Receivables within one year +€12,115
up €12,115 (+30.9%), from €39,191 to €51,306
of which Trade receivables: +€9,274
- Cash +€10,521
up €10,521 (+111.2%), from €9,465 to €19,987
mainly Stocks and contracts (+€15,950) and Net result for the year (+€7,112)
- Tangible fixed assets -€4,973
down €4,973 (-24.6%), from €20,183 to €15,210
of which Leasing and similar rights: -€3,665
- Profit (loss) carried forward +€7,112
up €7,112 (+16.3%), from €43,634 to €50,746
- Tax, wage and social debts -€6,280
down €6,280 (-51.9%), from €12,107 to €5,826
of which Taxes: -€3,388
- Debts after one year -€5,842
down €5,842 (-41.5%), from €14,074 to €8,233
- Trade debts +€4,815
up €4,815 (+36.2%), from €13,311 to €18,127
- Current portion of long-term debt +€3,343
new in 2025: €3,343
- Purchases and services +€24,131
up €24,131 (+5.6%), from €428,452 to €452,583
- Staff costs -€9,425
down €9,425 (-27.8%), from €33,930 to €24,504
- Gross operating margin -€7,045
down €7,045 (-13.3%), from €53,029 to €45,985
- Taxes +€4,173
up €4,173 (+2973.9%), from €140 to €4,313
- Other operating charges +€2,852
up €2,852 (+356.8%), from €800 to €3,652
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 | €102,073 | €103,787 | +€1,714 | +1.7% |
| Fixed assets | 21/28 | €21,683 | €16,710 | -€4,973 | -22.9% |
| Tangible fixed assets | 22/27 | €20,183 | €15,210 | -€4,973 | -24.6% |
| Plant, machinery and equipment | 23 | €758 | - | -€758 | |
| Furniture and vehicles | 24 | €1,100 | €550 | -€550 | -50.0% |
| Leasing and similar rights | 25 | €18,325 | €14,660 | -€3,665 | -20.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €80,390 | €87,077 | +€6,686 | +8.3% |
| Stocks and contracts in progress | 3 | €31,734 | €15,784 | -€15,950 | -50.3% |
| Stocks | 30/36 | €31,734 | €15,784 | -€15,950 | -50.3% |
| Amounts receivable within one year | 40/41 | €39,191 | €51,306 | +€12,115 | +30.9% |
| Trade receivables | 40 | €39,191 | €48,465 | +€9,274 | +23.7% |
| Other amounts receivable | 41 | - | €2,841 | +€2,841 | |
| Cash at bank and in hand | 54/58 | €9,465 | €19,987 | +€10,521 | +111.2% |
| Total equity and liabilities | 10/49 | €102,073 | €103,787 | +€1,714 | +1.7% |
| Equity | 10/15 | €43,635 | €50,747 | +€7,112 | +16.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,634 | €50,746 | +€7,112 | +16.3% |
| Amounts payable | 17/49 | €58,437 | €53,039 | -€5,398 | -9.2% |
| Amounts payable after more than one year | 17 | €14,074 | €8,233 | -€5,842 | -41.5% |
| Financial debts | 170/4 | €14,074 | €8,233 | -€5,842 | -41.5% |
| Amounts payable within one year | 42/48 | €44,363 | €44,807 | +€444 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,343 | +€3,343 | |
| Trade debts | 44 | €13,311 | €18,127 | +€4,815 | +36.2% |
| Suppliers | 440/4 | €13,311 | €18,127 | +€4,815 | +36.2% |
| Advances received on contracts in progress | 46 | €2,211 | - | -€2,211 | |
| Taxes, remuneration and social security | 45 | €12,107 | €5,826 | -€6,280 | -51.9% |
| Taxes | 450/3 | €4,266 | €878 | -€3,388 | -79.4% |
| Remuneration and social security | 454/9 | €7,841 | €4,949 | -€2,892 | -36.9% |
| Other amounts payable | 47/48 | €16,734 | €17,510 | +€777 | +4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €428,452 | €452,583 | +€24,131 | +5.6% |
| Remuneration, social security and pensions | 62 | €33,930 | €24,504 | -€9,425 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,215 | €4,973 | +€758 | +18.0% |
| Other operating charges | 640/8 | €800 | €3,652 | +€2,852 | +356.8% |
| Gross operating margin | 9900 | €53,029 | €45,985 | -€7,045 | -13.3% |
| Operating profit (loss) | 9901 | €14,085 | €12,856 | -€1,229 | -8.7% |
| Financial income | 75/76B | €0 | €18 | +€18 | +25614.3% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +25614.3% |
| Financial charges | 65/66B | €162 | €1,449 | +€1,287 | +794.6% |
| Recurring financial charges | 65 | €162 | €1,449 | +€1,287 | +794.6% |
| Profit (loss) for the period before taxes | 9903 | €13,923 | €11,425 | -€2,498 | -17.9% |
| Income taxes | 67/77 | €140 | €4,313 | +€4,173 | +2973.9% |
| Profit (loss) for the period | 9904 | €13,783 | €7,112 | -€6,671 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,783 | €7,112 | -€6,671 | -48.4% |
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 11 October 2026 via checked.be.