ALEPY: 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.
What changed
ALEPY
NACE 55.203, Holiday cottages, homes and apartments
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,477
2024 · €19,918-€8,441
Equity
€973,028
2024 · €961,551+€11,477
Cash
€44,034
2024 · €26,298+€17,737
Balance sheet total
€1.6m
2024 · €1.6m-€3,897
Largest movements
Assets
- Cash +€17,737
up €17,737 (+67.4%), from €26,298 to €44,034
mainly Depreciation (+€71,655) and Other debts (+€19,106)
Equity and liabilities
- Debts after one year -€36,494
down €36,494 (-9.1%), from €402,178 to €365,684
- Profit (loss) carried forward +€22,407
up €22,407 (+25.9%), from €86,437 to €108,844
- Other debts +€19,106
up €19,106 (+17.3%), from €110,290 to €129,396
Income statement
- Taxes +€4,107
new in 2025: €4,107
- Depreciation +€3,655
up €3,655 (+5.4%), from €68,000 to €71,655
- Other operating charges +€2,057
up €2,057 (+23.3%), from €8,839 to €10,896
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.
Result 2024
€19,918
Gross operating margin
+€616
Depreciation
-€3,655
Other operating charges
-€2,057
Financial income
+€3
Financial charges
+€759
Taxes
-€4,107
Result 2025
€11,477
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.
From operations
+€110,980
Investment
-€57,467
Financing
-€35,777
Cash 2024
€26,298
From operations (derived)
+€110,980
Net result for the year
+€11,477
Depreciation
+€71,655
Receivables within one year
+€7,445
Provisions
-€3,644
Trade debts
+€849
Tax, wage and social debts
+€4,092
Other debts
+€19,106
Investment (derived)
-€57,467
Investment in fixed assets (net)
-€57,467
Financing
-€35,777
Debts after one year
-€36,494
Current portion of long-term debt
+€717
Cash 2025
€44,034
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,642,527 | €1,638,629 | -€3,897 | -0.2% |
| Fixed assets | 21/28 | €1,601,013 | €1,586,825 | -€14,188 | -0.9% |
| Tangible fixed assets | 22/27 | €1,601,013 | €1,586,825 | -€14,188 | -0.9% |
| Land and buildings | 22 | €1,591,628 | €1,575,742 | -€15,885 | -1.0% |
| Plant, machinery and equipment | 23 | €9,386 | €11,082 | +€1,697 | +18.1% |
| Current assets | 29/58 | €41,513 | €51,804 | +€10,291 | +24.8% |
| Amounts receivable within one year | 40/41 | €15,216 | €7,770 | -€7,445 | -48.9% |
| Trade receivables | 40 | €2,033 | €3,342 | +€1,309 | +64.4% |
| Other amounts receivable | 41 | €13,183 | €4,428 | -€8,755 | -66.4% |
| Cash at bank and in hand | 54/58 | €26,298 | €44,034 | +€17,737 | +67.4% |
| Total equity and liabilities | 10/49 | €1,642,527 | €1,638,629 | -€3,897 | -0.2% |
| Equity | 10/15 | €961,551 | €973,028 | +€11,477 | +1.2% |
| Contributions | 10/11 | €345,062 | €345,062 | = | 0.0% |
| Reserves | 13 | €530,052 | €519,121 | -€10,931 | -2.1% |
| Non-distributable reserves | 130/1 | €34,506 | €34,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,506 | €34,506 | = | 0.0% |
| Tax-exempt reserves | 132 | €395,545 | €384,615 | -€10,931 | -2.8% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,437 | €108,844 | +€22,407 | +25.9% |
| Provisions and deferred taxes | 16 | €131,848 | €128,205 | -€3,644 | -2.8% |
| Deferred taxes | 168 | €131,848 | €128,205 | -€3,644 | -2.8% |
| Amounts payable | 17/49 | €549,127 | €537,397 | -€11,731 | -2.1% |
| Amounts payable after more than one year | 17 | €402,178 | €365,684 | -€36,494 | -9.1% |
| Financial debts | 170/4 | €402,178 | €365,684 | -€36,494 | -9.1% |
| Amounts payable within one year | 42/48 | €146,949 | €171,713 | +€24,763 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €35,777 | €36,494 | +€717 | +2.0% |
| Trade debts | 44 | €883 | €1,731 | +€849 | +96.2% |
| Suppliers | 440/4 | €883 | €1,731 | +€849 | +96.2% |
| Taxes, remuneration and social security | 45 | - | €4,092 | +€4,092 | |
| Taxes | 450/3 | - | €4,092 | +€4,092 | |
| Other amounts payable | 47/48 | €110,290 | €129,396 | +€19,106 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,000 | €71,655 | +€3,655 | +5.4% |
| Other operating charges | 640/8 | €8,839 | €10,896 | +€2,057 | +23.3% |
| Gross operating margin | 9900 | €102,693 | €103,310 | +€616 | +0.6% |
| Operating profit (loss) | 9901 | €25,854 | €20,759 | -€5,095 | -19.7% |
| Financial income | 75/76B | €48 | €51 | +€3 | +5.4% |
| Recurring financial income | 75 | €48 | €51 | +€3 | +5.4% |
| Financial charges | 65/66B | €9,628 | €8,870 | -€759 | -7.9% |
| Recurring financial charges | 65 | €9,526 | €8,806 | -€720 | -7.6% |
| Non-recurring financial charges | 66B | €103 | €64 | -€39 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €16,274 | €11,940 | -€4,334 | -26.6% |
| Transfer from deferred taxes | 780 | €3,644 | €3,644 | = | 0.0% |
| Income taxes | 67/77 | - | €4,107 | +€4,107 | |
| Profit (loss) for the period | 9904 | €19,918 | €11,477 | -€8,441 | -42.4% |
| Transfer from tax-exempt reserves | 789 | €10,931 | €10,931 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,848 | €22,407 | -€8,441 | -27.4% |
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 2 October 2026 via checked.be.