ALERIMMO: 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.
ALERIMMO
Largest movements
- Stocks and contracts +€363,418
up €363,418 (+14.6%), from €2.5m to €2.9m
- Tangible fixed assets +€273,202
up €273,202 (+12.7%), from €2.2m to €2.4m
of which Land and buildings: +€273,202
- Other debts +€1.0m
up €1.0m (+28.2%), from €3.6m to €4.6m
- Trade debts -€158,676
down €158,676 (-98.3%), from €161,357 to €2,681
- Debts after one year -€145,282
down €145,282 (-21.6%), from €672,140 to €526,858
of which Financial debts: -€145,282
- Gross operating margin +€8,311
up €8,311 (+30.8%), from €26,975 to €35,286
- Financial charges -€4,464
down €4,464 (-13.8%), from €32,440 to €27,977
of which Financial charges: -€4,807
- Other operating charges -€3,319
down €3,319 (-33.5%), from €9,912 to €6,592
- Depreciation +€1,789
up €1,789 (+3.6%), from €49,984 to €51,773
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 | €4,697,094 | €5,354,918 | +€657,824 | +14.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,151,575 | €2,424,434 | +€272,858 | +12.7% |
| Tangible fixed assets | 22/27 | €2,150,881 | €2,424,084 | +€273,202 | +12.7% |
| Land and buildings | 22 | €2,150,881 | €2,424,084 | +€273,202 | +12.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €694 | €350 | -€344 | -49.6% |
| Current assets | 29/58 | €2,545,518 | €2,930,484 | +€384,966 | +15.1% |
| Stocks and contracts in progress | 3 | €2,495,256 | €2,858,674 | +€363,418 | +14.6% |
| Stocks | 30/36 | €2,495,256 | €2,858,674 | +€363,418 | +14.6% |
| Amounts receivable within one year | 40/41 | - | €2,307 | +€2,307 | |
| Trade receivables | 40 | - | €2,307 | +€2,307 | |
| Cash at bank and in hand | 54/58 | €49,172 | €64,839 | +€15,667 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,091 | €4,665 | +€3,574 | +327.7% |
| Total equity and liabilities | 10/49 | €4,697,094 | €5,354,918 | +€657,824 | +14.0% |
| Equity | 10/15 | €124,352 | €73,542 | -€50,810 | -40.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €62,352 | €11,542 | -€50,810 | -81.5% |
| Non-distributable reserves | 130/1 | €332 | €332 | = | 0.0% |
| Legal reserve | 130 | €332 | €332 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,028 | €8,450 | -€578 | -6.4% |
| Distributable reserves | 133 | €52,992 | €2,760 | -€50,232 | -94.8% |
| Provisions and deferred taxes | 16 | €3,009 | €2,817 | -€193 | -6.4% |
| Deferred taxes | 168 | €3,009 | €2,817 | -€193 | -6.4% |
| Amounts payable | 17/49 | €4,569,733 | €5,278,559 | +€708,827 | +15.5% |
| Amounts payable after more than one year | 17 | €672,140 | €526,858 | -€145,282 | -21.6% |
| Financial debts | 170/4 | €668,760 | €523,478 | -€145,282 | -21.7% |
| Other amounts payable | 178/9 | €3,380 | €3,380 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,895,236 | €4,744,426 | +€849,190 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €149,434 | €154,548 | +€5,113 | +3.4% |
| Trade debts | 44 | €161,357 | €2,681 | -€158,676 | -98.3% |
| Suppliers | 440/4 | €161,357 | €2,681 | -€158,676 | -98.3% |
| Taxes, remuneration and social security | 45 | €7,745 | €453 | -€7,292 | -94.2% |
| Taxes | 450/3 | €7,745 | €453 | -€7,292 | -94.2% |
| Other amounts payable | 47/48 | €3,576,700 | €4,586,745 | +€1.0m | +28.2% |
| Accrued charges and deferred income | 492/3 | €2,356 | €7,275 | +€4,919 | +208.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,984 | €51,773 | +€1,789 | +3.6% |
| Other operating charges | 640/8 | €9,912 | €6,592 | -€3,319 | -33.5% |
| Gross operating margin | 9900 | €26,975 | €35,286 | +€8,311 | +30.8% |
| Operating profit (loss) | 9901 | -€32,920 | -€23,079 | +€9,841 | +29.9% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €32,440 | €27,977 | -€4,464 | -13.8% |
| Recurring financial charges | 65 | €32,440 | €27,634 | -€4,807 | -14.8% |
| Non-recurring financial charges | 66B | - | €343 | +€343 | |
| Profit (loss) for the period before taxes | 9903 | -€65,360 | -€51,002 | +€14,358 | +22.0% |
| Transfer from deferred taxes | 780 | €193 | €193 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€65,168 | -€50,810 | +€14,358 | +22.0% |
| Transfer from tax-exempt reserves | 789 | €578 | €578 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,590 | -€50,232 | +€14,358 | +22.2% |
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 9 October 2026 via checked.be.