ALESA: 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.
ALESA
Largest movements
- Receivables within one year -€308,342
down €308,342 (-88.0%), from €350,226 to €41,884
of which Trade receivables: -€319,807
- Stocks and contracts -€53,793
down €53,793 (-10.1%), from €534,332 to €480,539
- Cash +€33,919
up €33,919 (+52.9%), from €64,127 to €98,046
mainly Receivables within one year (+€308,342) and Other debts (+€200,162)
- Tangible fixed assets +€22,469
up €22,469 (+14.7%), from €152,987 to €175,456
of which Land and buildings: +€36,602
- Trade debts -€286,880
down €286,880 (-95.0%), from €302,005 to €15,125
- Other debts +€200,162
up €200,162 (+490.4%), from €40,812 to €240,974
- Debts after one year -€166,000
down €166,000 (-34.4%), from €482,145 to €316,145
- Tax, wage and social debts -€70,193
down €70,193 (-96.7%), from €72,593 to €2,400
- Reserves +€23,997
up €23,997 (+13.7%), from €175,778 to €199,775
- Gross operating margin -€211,570
down €211,570 (-77.0%), from €274,676 to €63,106
- Taxes -€58,687
down €58,687 (-81.3%), from €72,159 to €13,472
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 | €1,102,436 | €803,522 | -€298,914 | -27.1% |
| Formation expenses | 20 | €764 | €238 | -€526 | -68.8% |
| Fixed assets | 21/28 | €152,987 | €175,456 | +€22,469 | +14.7% |
| Tangible fixed assets | 22/27 | €152,987 | €175,456 | +€22,469 | +14.7% |
| Land and buildings | 22 | €130,912 | €167,514 | +€36,602 | +28.0% |
| Plant, machinery and equipment | 23 | €640 | €353 | -€287 | -44.8% |
| Furniture and vehicles | 24 | €21,435 | €7,589 | -€13,846 | -64.6% |
| Current assets | 29/58 | €948,685 | €627,828 | -€320,857 | -33.8% |
| Stocks and contracts in progress | 3 | €534,332 | €480,539 | -€53,793 | -10.1% |
| Stocks | 30/36 | €534,332 | €480,539 | -€53,793 | -10.1% |
| Amounts receivable within one year | 40/41 | €350,226 | €41,884 | -€308,342 | -88.0% |
| Trade receivables | 40 | €324,807 | €5,000 | -€319,807 | -98.5% |
| Other amounts receivable | 41 | €25,419 | €36,884 | +€11,465 | +45.1% |
| Cash at bank and in hand | 54/58 | €64,127 | €98,046 | +€33,919 | +52.9% |
| Deferred charges and accrued income | 490/1 | - | €7,359 | +€7,359 | |
| Total equity and liabilities | 10/49 | €1,102,436 | €803,522 | -€298,914 | -27.1% |
| Equity | 10/15 | €204,881 | €228,878 | +€23,997 | +11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €175,778 | €199,775 | +€23,997 | +13.7% |
| Distributable reserves | 133 | €175,778 | €199,775 | +€23,997 | +13.7% |
| Profit (loss) carried forward | 14 | €9,103 | €9,103 | = | 0.0% |
| Amounts payable | 17/49 | €897,555 | €574,644 | -€322,911 | -36.0% |
| Amounts payable after more than one year | 17 | €482,145 | €316,145 | -€166,000 | -34.4% |
| Other amounts payable | 178/9 | €482,145 | €316,145 | -€166,000 | -34.4% |
| Amounts payable within one year | 42/48 | €415,410 | €258,499 | -€156,911 | -37.8% |
| Trade debts | 44 | €302,005 | €15,125 | -€286,880 | -95.0% |
| Suppliers | 440/4 | €302,005 | €15,125 | -€286,880 | -95.0% |
| Taxes, remuneration and social security | 45 | €72,593 | €2,400 | -€70,193 | -96.7% |
| Taxes | 450/3 | €72,593 | €2,400 | -€70,193 | -96.7% |
| Other amounts payable | 47/48 | €40,812 | €240,974 | +€200,162 | +490.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,400 | €20,267 | -€133 | -0.7% |
| Other operating charges | 640/8 | €3,326 | €2,083 | -€1,243 | -37.4% |
| Gross operating margin | 9900 | €274,676 | €63,106 | -€211,570 | -77.0% |
| Operating profit (loss) | 9901 | €250,950 | €40,756 | -€210,194 | -83.8% |
| Financial income | 75/76B | €1,946 | €1,864 | -€82 | -4.2% |
| Recurring financial income | 75 | €1,946 | €1,864 | -€82 | -4.2% |
| Financial charges | 65/66B | €4,959 | €5,151 | +€192 | +3.9% |
| Recurring financial charges | 65 | €4,959 | €5,151 | +€192 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €247,937 | €37,469 | -€210,468 | -84.9% |
| Income taxes | 67/77 | €72,159 | €13,472 | -€58,687 | -81.3% |
| Profit (loss) for the period | 9904 | €175,778 | €23,997 | -€151,781 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,778 | €23,997 | -€151,781 | -86.3% |
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 5 October 2026 via checked.be.