ALERBO: 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.
ALERBO
Largest movements
- Receivables within one year -€148,898
down €148,898 (-64.8%), from €229,628 to €80,730
of which Trade receivables: -€164,159
- Tangible fixed assets -€95,233
down €95,233 (-46.6%), from €204,432 to €109,199
of which Leasing and similar rights: -€90,897
- Deferred charges and accrued income +€30,035
up €30,035 (+307.8%), from €9,757 to €39,793
- Stocks and contracts +€8,761
up €8,761 (+4.4%), from €200,000 to €208,761
- Other debts -€88,034
down €88,034 (-37.6%), from €234,146 to €146,111
- Tax, wage and social debts -€77,603
down €77,603 (-74.9%), from €103,583 to €25,980
of which Taxes: -€41,982
- Current portion of long-term debt -€71,642
down €71,642 (-70.1%), from €102,231 to €30,589
- Debts after one year -€30,589
down €30,589 (-100.0%), from €30,589 to €0
- Reserves +€29,932
up €29,932 (+514.0%), from €5,824 to €35,755
- Gross operating margin -€120,287
down €120,287 (-11.3%), from €1.1m to €947,382
- Staff costs -€53,069
down €53,069 (-7.9%), from €670,930 to €617,861
- Taxes -€12,307
down €12,307 (-18.4%), from €67,036 to €54,728
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 | €686,068 | €476,353 | -€209,715 | -30.6% |
| Fixed assets | 21/28 | €204,432 | €109,199 | -€95,233 | -46.6% |
| Tangible fixed assets | 22/27 | €204,432 | €109,199 | -€95,233 | -46.6% |
| Plant, machinery and equipment | 23 | €8,840 | €4,503 | -€4,337 | -49.1% |
| Leasing and similar rights | 25 | €195,593 | €104,696 | -€90,897 | -46.5% |
| Current assets | 29/58 | €481,636 | €367,154 | -€114,482 | -23.8% |
| Stocks and contracts in progress | 3 | €200,000 | €208,761 | +€8,761 | +4.4% |
| Contracts in progress | 37 | €200,000 | €208,761 | +€8,761 | +4.4% |
| Amounts receivable within one year | 40/41 | €229,628 | €80,730 | -€148,898 | -64.8% |
| Trade receivables | 40 | €210,476 | €46,317 | -€164,159 | -78.0% |
| Other amounts receivable | 41 | €19,152 | €34,413 | +€15,261 | +79.7% |
| Cash at bank and in hand | 54/58 | €42,250 | €37,870 | -€4,380 | -10.4% |
| Deferred charges and accrued income | 490/1 | €9,757 | €39,793 | +€30,035 | +307.8% |
| Total equity and liabilities | 10/49 | €686,068 | €476,353 | -€209,715 | -30.6% |
| Equity | 10/15 | €60,147 | €85,755 | +€25,609 | +42.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,824 | €35,755 | +€29,932 | +514.0% |
| Distributable reserves | 133 | €5,824 | €35,755 | +€29,932 | +514.0% |
| Profit (loss) carried forward | 14 | €4,323 | €0 | -€4,323 | -100.0% |
| Amounts payable | 17/49 | €625,921 | €390,597 | -€235,324 | -37.6% |
| Amounts payable after more than one year | 17 | €30,589 | €0 | -€30,589 | -100.0% |
| Financial debts | 170/4 | €30,589 | €0 | -€30,589 | -100.0% |
| Amounts payable within one year | 42/48 | €595,332 | €390,597 | -€204,735 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €102,231 | €30,589 | -€71,642 | -70.1% |
| Financial debts | 43 | €120,927 | €142,825 | +€21,898 | +18.1% |
| Credit institutions | 430/8 | €120,927 | €142,825 | +€21,898 | +18.1% |
| Trade debts | 44 | €34,445 | €45,092 | +€10,647 | +30.9% |
| Suppliers | 440/4 | €34,445 | €45,092 | +€10,647 | +30.9% |
| Taxes, remuneration and social security | 45 | €103,583 | €25,980 | -€77,603 | -74.9% |
| Taxes | 450/3 | €42,036 | €54 | -€41,982 | -99.9% |
| Remuneration and social security | 454/9 | €61,548 | €25,927 | -€35,621 | -57.9% |
| Other amounts payable | 47/48 | €234,146 | €146,111 | -€88,034 | -37.6% |
| Non-recurring operating income | 76A | €9,388 | €1,115 | -€8,273 | -88.1% |
| Remuneration, social security and pensions | 62 | €670,930 | €617,861 | -€53,069 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,500 | €95,233 | -€266 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,694 | +€5,694 | |
| Other operating charges | 640/8 | €10,785 | €10,298 | -€487 | -4.5% |
| Gross operating margin | 9900 | €1,067,669 | €947,382 | -€120,287 | -11.3% |
| Operating profit (loss) | 9901 | €290,454 | €218,296 | -€72,159 | -24.8% |
| Financial income | 75/76B | €93 | €556 | +€463 | +499.2% |
| Recurring financial income | 75 | €93 | €556 | +€463 | +499.2% |
| Financial charges | 65/66B | €15,287 | €13,515 | -€1,772 | -11.6% |
| Recurring financial charges | 65 | €15,287 | €13,515 | -€1,772 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €275,260 | €205,337 | -€69,923 | -25.4% |
| Income taxes | 67/77 | €67,036 | €54,728 | -€12,307 | -18.4% |
| Profit (loss) for the period | 9904 | €208,225 | €150,609 | -€57,616 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €208,225 | €150,609 | -€57,616 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.