ALETAN: 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.
ALETAN
Largest movements
- Cash +€146,089
up €146,089 (+69.5%), from €210,241 to €356,330
- Receivables within one year +€19,856
up €19,856 (+49.5%), from €40,144 to €60,000
of which Other amounts receivable: +€19,856
- Other debts +€204,528
up €204,528 (+94.5%), from €216,318 to €420,846
- Reserves -€37,221
down €37,221 (-59.8%), from €62,221 to €25,000
- Profit (loss) carried forward -€30,131
down €30,131 (-100%), from €30,131 to €0
- Debts after one year +€19,484
up €19,484 (+3.9%), from €503,340 to €522,823
of which Other amounts payable: +€19,484
- Gross operating margin +€66,186
up €66,186 (+88.6%), from €74,718 to €140,904
- Financial charges +€16,014
up €16,014 (+194%), from €8,243 to €24,257
- Depreciation +€5,094
up €5,094 (+57.7%), from €8,827 to €13,921
- Other operating charges +€1,687
up €1,687 (+12.3%), from €13,685 to €15,372
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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,069,675 | €1,223,830 | +€154,155 | +14.4% |
| Fixed assets | 21/28 | €819,289 | €807,500 | -€11,789 | -1.4% |
| Tangible fixed assets | 22/27 | €819,289 | €807,500 | -€11,789 | -1.4% |
| Land and buildings | 22 | €802,905 | €798,982 | -€3,923 | -0.5% |
| Furniture and vehicles | 24 | €16,384 | €8,518 | -€7,866 | -48.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €250,385 | €416,330 | +€165,945 | +66.3% |
| Amounts receivable within one year | 40/41 | €40,144 | €60,000 | +€19,856 | +49.5% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | €144 | €20,000 | +€19,856 | +13,786% |
| Cash at bank and in hand | 54/58 | €210,241 | €356,330 | +€146,089 | +69.5% |
| Total equity and liabilities | 10/49 | €1,069,675 | €1,223,830 | +€154,155 | +14.4% |
| Equity | 10/15 | €334,187 | €266,835 | -€67,352 | -20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €223,235 | €223,235 | = | 0.0% |
| Reserves | 13 | €62,221 | €25,000 | -€37,221 | -59.8% |
| Distributable reserves | 133 | €62,221 | €25,000 | -€37,221 | -59.8% |
| Profit (loss) carried forward | 14 | €30,131 | €0 | -€30,131 | -100% |
| Amounts payable | 17/49 | €735,487 | €956,995 | +€221,507 | +30.1% |
| Amounts payable after more than one year | 17 | €503,340 | €522,823 | +€19,484 | +3.9% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €503,340 | €522,823 | +€19,484 | +3.9% |
| Amounts payable within one year | 42/48 | €232,148 | €434,171 | +€202,024 | +87.0% |
| Trade debts | 44 | €3,171 | €7,608 | +€4,438 | +140% |
| Suppliers | 440/4 | €3,171 | €7,608 | +€4,438 | +140% |
| Taxes, remuneration and social security | 45 | €12,659 | €5,717 | -€6,942 | -54.8% |
| Taxes | 450/3 | €12,659 | €5,717 | -€6,942 | -54.8% |
| Other amounts payable | 47/48 | €216,318 | €420,846 | +€204,528 | +94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,827 | €13,921 | +€5,094 | +57.7% |
| Other operating charges | 640/8 | €13,685 | €15,372 | +€1,687 | +12.3% |
| Gross operating margin | 9900 | €74,718 | €140,904 | +€66,186 | +88.6% |
| Operating profit (loss) | 9901 | €52,207 | €111,611 | +€59,405 | +114% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,243 | €24,257 | +€16,014 | +194% |
| Recurring financial charges | 65 | €8,243 | €24,257 | +€16,014 | +194% |
| Profit (loss) for the period before taxes | 9903 | €43,963 | €87,354 | +€43,391 | +98.7% |
| Income taxes | 67/77 | €13,832 | €13,063 | -€769 | -5.6% |
| Profit (loss) for the period | 9904 | €30,131 | €74,291 | +€44,160 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €30,131 | €74,291 | +€44,160 | +147% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.