ALEZ: 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.
ALEZ
Largest movements
- Cash +€199,760
up €199,760 (+58.2%), from €343,267 to €543,027
mainly Other debts (+€477,727) and Net result for the year (+€270,436)
- Receivables within one year -€59,617
down €59,617 (-79.6%), from €74,874 to €15,256
- Financial fixed assets +€30,000
up €30,000 (+9.2%), from €327,336 to €357,336
- Deferred charges and accrued income +€14,036
up €14,036 (+8079.3%), from €174 to €14,210
- Other debts +€477,727
up €477,727 (+1286.4%), from €37,138 to €514,865
- Reserves -€190,000
down €190,000 (-32.4%), from €586,231 to €396,231
- Tax, wage and social debts -€111,256
down €111,256 (-83.0%), from €134,059 to €22,803
- Gross operating margin +€26,793
up €26,793 (+7.7%), from €346,055 to €372,847
- Taxes -€14,971
down €14,971 (-14.0%), from €107,192 to €92,221
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 | €761,198 | €938,564 | +€177,366 | +23.3% |
| Fixed assets | 21/28 | €342,884 | €366,071 | +€23,187 | +6.8% |
| Tangible fixed assets | 22/27 | €15,548 | €8,735 | -€6,813 | -43.8% |
| Furniture and vehicles | 24 | €15,548 | €8,735 | -€6,813 | -43.8% |
| Financial fixed assets | 28 | €327,336 | €357,336 | +€30,000 | +9.2% |
| Current assets | 29/58 | €418,314 | €572,493 | +€154,178 | +36.9% |
| Amounts receivable within one year | 40/41 | €74,874 | €15,256 | -€59,617 | -79.6% |
| Trade receivables | 40 | €74,874 | €15,256 | -€59,617 | -79.6% |
| Cash at bank and in hand | 54/58 | €343,267 | €543,027 | +€199,760 | +58.2% |
| Deferred charges and accrued income | 490/1 | €174 | €14,210 | +€14,036 | +8079.3% |
| Total equity and liabilities | 10/49 | €761,198 | €938,564 | +€177,366 | +23.3% |
| Equity | 10/15 | €587,731 | €397,731 | -€190,000 | -32.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €586,231 | €396,231 | -€190,000 | -32.4% |
| Distributable reserves | 133 | €586,231 | €396,231 | -€190,000 | -32.4% |
| Amounts payable | 17/49 | €173,466 | €540,832 | +€367,366 | +211.8% |
| Amounts payable within one year | 42/48 | €171,216 | €538,087 | +€366,871 | +214.3% |
| Trade debts | 44 | €19 | €419 | +€400 | +2102.9% |
| Suppliers | 440/4 | €19 | €419 | +€400 | +2102.9% |
| Taxes, remuneration and social security | 45 | €134,059 | €22,803 | -€111,256 | -83.0% |
| Taxes | 450/3 | €134,059 | €22,803 | -€111,256 | -83.0% |
| Other amounts payable | 47/48 | €37,138 | €514,865 | +€477,727 | +1286.4% |
| Accrued charges and deferred income | 492/3 | €2,251 | €2,745 | +€495 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,348 | €6,813 | -€3,536 | -34.2% |
| Other operating charges | 640/8 | €736 | €572 | -€164 | -22.3% |
| Gross operating margin | 9900 | €346,055 | €372,847 | +€26,793 | +7.7% |
| Operating profit (loss) | 9901 | €334,970 | €365,462 | +€30,493 | +9.1% |
| Financial charges | 65/66B | €2,311 | €2,806 | +€495 | +21.4% |
| Recurring financial charges | 65 | €2,311 | €2,806 | +€495 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €332,659 | €362,657 | +€29,998 | +9.0% |
| Income taxes | 67/77 | €107,192 | €92,221 | -€14,971 | -14.0% |
| Profit (loss) for the period | 9904 | €225,467 | €270,436 | +€44,969 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €225,467 | €270,436 | +€44,969 | +19.9% |
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.