ALERED: 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.
ALERED
Largest movements
- Cash +€139,050
up €139,050 (+203.8%), from €68,232 to €207,282
mainly Net result for the year (+€100,445) and Current investments (+€30,000)
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tangible fixed assets +€27,250
up €27,250 (+401.1%), from €6,795 to €34,044
- Intangible fixed assets -€20,000
down €20,000 (-11.8%), from €170,027 to €150,027
- Deferred charges and accrued income +€6,148
up €6,148 (+268.8%), from €2,287 to €8,435
- Profit (loss) carried forward +€100,445
up €100,445 (+75.0%), from €133,976 to €234,421
- Current portion of long-term debt +€9,706
new in 2025: €9,706
- Tax, wage and social debts +€9,164
up €9,164 (+34.8%), from €26,365 to €35,528
- Gross operating margin +€20,409
up €20,409 (+14.6%), from €140,189 to €160,598
- Taxes +€4,056
up €4,056 (+16.2%), from €25,115 to €29,171
- Depreciation +€3,386
up €3,386 (+15.0%), from €22,500 to €25,886
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 | €280,921 | €399,788 | +€118,868 | +42.3% |
| Fixed assets | 21/28 | €176,822 | €184,072 | +€7,250 | +4.1% |
| Intangible fixed assets | 21 | €170,027 | €150,027 | -€20,000 | -11.8% |
| Tangible fixed assets | 22/27 | €6,795 | €34,044 | +€27,250 | +401.1% |
| Furniture and vehicles | 24 | €6,795 | €34,044 | +€27,250 | +401.1% |
| Current assets | 29/58 | €104,099 | €215,717 | +€111,618 | +107.2% |
| Amounts receivable within one year | 40/41 | €3,580 | €0 | -€3,580 | -100.0% |
| Trade receivables | 40 | €3,580 | €0 | -€3,580 | -100.0% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €68,232 | €207,282 | +€139,050 | +203.8% |
| Deferred charges and accrued income | 490/1 | €2,287 | €8,435 | +€6,148 | +268.8% |
| Total equity and liabilities | 10/49 | €280,921 | €399,788 | +€118,868 | +42.3% |
| Equity | 10/15 | €137,476 | €237,921 | +€100,445 | +73.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,976 | €234,421 | +€100,445 | +75.0% |
| Amounts payable | 17/49 | €143,445 | €161,868 | +€18,423 | +12.8% |
| Amounts payable after more than one year | 17 | €115,325 | €116,036 | +€711 | +0.6% |
| Financial debts | 170/4 | - | €23,931 | +€23,931 | |
| Other amounts payable | 178/9 | €115,325 | €92,105 | -€23,220 | -20.1% |
| Amounts payable within one year | 42/48 | €28,120 | €45,832 | +€17,712 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,706 | +€9,706 | |
| Trade debts | 44 | €1,755 | €597 | -€1,158 | -66.0% |
| Suppliers | 440/4 | €1,755 | €597 | -€1,158 | -66.0% |
| Taxes, remuneration and social security | 45 | €26,365 | €35,528 | +€9,164 | +34.8% |
| Taxes | 450/3 | €26,365 | €35,528 | +€9,164 | +34.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,500 | €25,886 | +€3,386 | +15.0% |
| Other operating charges | 640/8 | €860 | €1,297 | +€437 | +50.8% |
| Non-recurring operating charges | 66A | - | €3,545 | +€3,545 | |
| Gross operating margin | 9900 | €140,189 | €160,598 | +€20,409 | +14.6% |
| Operating profit (loss) | 9901 | €116,828 | €129,871 | +€13,042 | +11.2% |
| Financial income | 75/76B | €0 | €752 | +€752 | |
| Recurring financial income | 75 | €0 | €752 | +€752 | |
| Financial charges | 65/66B | €69 | €1,007 | +€938 | +1358.8% |
| Recurring financial charges | 65 | €69 | €1,007 | +€938 | +1358.8% |
| Profit (loss) for the period before taxes | 9903 | €116,759 | €129,616 | +€12,856 | +11.0% |
| Income taxes | 67/77 | €25,115 | €29,171 | +€4,056 | +16.2% |
| Profit (loss) for the period | 9904 | €91,645 | €100,445 | +€8,800 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,645 | €100,445 | +€8,800 | +9.6% |
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 29 September 2026 via checked.be.