ALERA: 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.
ALERA
Largest movements
- Cash +€46,581
up €46,581 (+34.6%), from €134,462 to €181,043
mainly Depreciation (+€34,738) and Receivables within one year (+€29,445)
- Receivables within one year -€29,445
down €29,445 (-21.3%), from €138,370 to €108,925
of which Trade receivables: -€57,506
- Tangible fixed assets -€11,023
down €11,023 (-5.4%), from €205,332 to €194,309
of which Furniture and vehicles: -€25,212
- Reserves +€11,820
up €11,820 (+2.1%), from €553,855 to €565,675
- Gross operating margin -€109,947
down €109,947 (-68.6%), from €160,269 to €50,321
- Taxes -€37,171
down €37,171 (-85.6%), from €43,443 to €6,271
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 | €649,068 | €655,024 | +€5,956 | +0.9% |
| Fixed assets | 21/28 | €205,332 | €194,309 | -€11,023 | -5.4% |
| Tangible fixed assets | 22/27 | €205,332 | €194,309 | -€11,023 | -5.4% |
| Land and buildings | 22 | €161,420 | €152,552 | -€8,869 | -5.5% |
| Plant, machinery and equipment | 23 | - | €23,058 | +€23,058 | |
| Furniture and vehicles | 24 | €43,911 | €18,699 | -€25,212 | -57.4% |
| Current assets | 29/58 | €443,736 | €460,715 | +€16,979 | +3.8% |
| Amounts receivable within one year | 40/41 | €138,370 | €108,925 | -€29,445 | -21.3% |
| Trade receivables | 40 | €86,074 | €28,568 | -€57,506 | -66.8% |
| Other amounts receivable | 41 | €52,296 | €80,357 | +€28,061 | +53.7% |
| Current investments | 50/53 | €170,000 | €170,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €134,462 | €181,043 | +€46,581 | +34.6% |
| Deferred charges and accrued income | 490/1 | €904 | €747 | -€157 | -17.3% |
| Total equity and liabilities | 10/49 | €649,068 | €655,024 | +€5,956 | +0.9% |
| Equity | 10/15 | €555,855 | €567,675 | +€11,820 | +2.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €553,855 | €565,675 | +€11,820 | +2.1% |
| Distributable reserves | 133 | €553,855 | €565,675 | +€11,820 | +2.1% |
| Amounts payable | 17/49 | €93,213 | €87,349 | -€5,864 | -6.3% |
| Amounts payable within one year | 42/48 | €93,136 | €87,349 | -€5,787 | -6.2% |
| Trade debts | 44 | €39 | - | -€39 | |
| Suppliers | 440/4 | €39 | - | -€39 | |
| Other amounts payable | 47/48 | €93,097 | €87,349 | -€5,748 | -6.2% |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,801 | €34,738 | -€1,062 | -3.0% |
| Other operating charges | 640/8 | €900 | €753 | -€147 | -16.3% |
| Gross operating margin | 9900 | €160,269 | €50,321 | -€109,947 | -68.6% |
| Operating profit (loss) | 9901 | €123,568 | €14,830 | -€108,738 | -88.0% |
| Financial income | 75/76B | €5,198 | €4,177 | -€1,020 | -19.6% |
| Recurring financial income | 75 | €5,198 | €4,177 | -€1,020 | -19.6% |
| Financial charges | 65/66B | €755 | €915 | +€161 | +21.3% |
| Recurring financial charges | 65 | €755 | €915 | +€161 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €128,011 | €18,091 | -€109,919 | -85.9% |
| Income taxes | 67/77 | €43,443 | €6,271 | -€37,171 | -85.6% |
| Profit (loss) for the period | 9904 | €84,568 | €11,820 | -€72,748 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,568 | €11,820 | -€72,748 | -86.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.