ALERION: 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.
ALERION
Largest movements
- Cash +€51,218
up €51,218 (+37.1%), from €137,956 to €189,174
mainly Net result for the year (+€65,187) and Depreciation (+€25,941)
- Tangible fixed assets -€25,777
down €25,777 (-5.4%), from €478,959 to €453,182
of which Leasing and similar rights: -€21,044
- Current investments +€18,000
up €18,000 (+20.3%), from €88,500 to €106,500
- Reserves +€45,311
up €45,311 (+16.3%), from €277,779 to €323,090
of which Distributable reserves: +€45,311
- Debts after one year -€33,619
down €33,619 (-8.9%), from €378,924 to €345,306
- Tax, wage and social debts +€24,174
up €24,174 (+95.5%), from €25,306 to €49,480
of which Taxes: +€23,770
- Other debts +€18,882
new in 2025: €18,882
- Trade debts -€12,901
down €12,901 (-81.4%), from €15,853 to €2,952
- Gross operating margin +€9,678
up €9,678 (+7.7%), from €125,937 to €135,615
- Taxes +€6,466
up €6,466 (+22.1%), from €29,237 to €35,703
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 | €740,930 | €783,328 | +€42,397 | +5.7% |
| Fixed assets | 21/28 | €478,959 | €453,182 | -€25,777 | -5.4% |
| Tangible fixed assets | 22/27 | €478,959 | €453,182 | -€25,777 | -5.4% |
| Land and buildings | 22 | €5,848 | €2,924 | -€2,924 | -50.0% |
| Plant, machinery and equipment | 23 | €799 | €481 | -€318 | -39.8% |
| Furniture and vehicles | 24 | €4,703 | €3,264 | -€1,439 | -30.6% |
| Leasing and similar rights | 25 | €450,867 | €429,822 | -€21,044 | -4.7% |
| Other tangible fixed assets | 26 | €16,742 | €16,690 | -€52 | -0.3% |
| Current assets | 29/58 | €261,971 | €330,146 | +€68,175 | +26.0% |
| Amounts receivable within one year | 40/41 | €34,382 | €32,239 | -€2,143 | -6.2% |
| Trade receivables | 40 | €34,360 | €32,217 | -€2,143 | -6.2% |
| Other amounts receivable | 41 | €21 | €21 | = | 0.0% |
| Current investments | 50/53 | €88,500 | €106,500 | +€18,000 | +20.3% |
| Cash at bank and in hand | 54/58 | €137,956 | €189,174 | +€51,218 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,134 | €2,234 | +€1,100 | +97.0% |
| Total equity and liabilities | 10/49 | €740,930 | €783,328 | +€42,397 | +5.7% |
| Equity | 10/15 | €287,779 | €333,090 | +€45,311 | +15.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €277,779 | €323,090 | +€45,311 | +16.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €275,779 | €321,090 | +€45,311 | +16.4% |
| Amounts payable | 17/49 | €453,151 | €450,238 | -€2,914 | -0.6% |
| Amounts payable after more than one year | 17 | €378,924 | €345,306 | -€33,619 | -8.9% |
| Financial debts | 170/4 | €378,924 | €345,306 | -€33,619 | -8.9% |
| Amounts payable within one year | 42/48 | €74,227 | €104,932 | +€30,705 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €33,069 | €33,619 | +€550 | +1.7% |
| Trade debts | 44 | €15,853 | €2,952 | -€12,901 | -81.4% |
| Suppliers | 440/4 | €15,853 | €2,952 | -€12,901 | -81.4% |
| Taxes, remuneration and social security | 45 | €25,306 | €49,480 | +€24,174 | +95.5% |
| Taxes | 450/3 | €21,918 | €45,688 | +€23,770 | +108.5% |
| Remuneration and social security | 454/9 | €3,388 | €3,792 | +€404 | +11.9% |
| Other amounts payable | 47/48 | - | €18,882 | +€18,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,286 | €25,941 | -€345 | -1.3% |
| Other operating charges | 640/8 | €2,971 | €2,026 | -€945 | -31.8% |
| Gross operating margin | 9900 | €125,937 | €135,615 | +€9,678 | +7.7% |
| Operating profit (loss) | 9901 | €96,680 | €107,648 | +€10,968 | +11.3% |
| Financial income | 75/76B | €54 | - | -€54 | |
| Recurring financial income | 75 | €54 | - | -€54 | |
| Financial charges | 65/66B | €7,143 | €6,758 | -€386 | -5.4% |
| Recurring financial charges | 65 | €7,143 | €6,758 | -€386 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €89,591 | €100,890 | +€11,300 | +12.6% |
| Income taxes | 67/77 | €29,237 | €35,703 | +€6,466 | +22.1% |
| Profit (loss) for the period | 9904 | €60,353 | €65,187 | +€4,834 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,353 | €65,187 | +€4,834 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.