ALHEECO: 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.
ALHEECO
Largest movements
- Tangible fixed assets +€44,753
up €44,753 (+632%), from €7,076 to €51,829
of which Furniture and vehicles: +€28,338
- Cash +€5,326
up €5,326 (+39.2%), from €13,599 to €18,925
mainly Other debts (+€68,748) and Depreciation (+€5,506)
- Receivables within one year -€3,109
down €3,109 (-75.2%), from €4,134 to €1,025
of which Trade receivables: -€4,130
- Stocks and contracts +€2,500
new in 2026: €2,500
- Other debts +€68,748
up €68,748 (+614%), from €11,204 to €79,952
- Profit (loss) carried forward -€18,218
down €18,218 (-1,539%), from -€1,184 to -€19,402
- Tax, wage and social debts -€1,756
no longer reported in 2026 (was €1,756)
- Gross operating margin -€14,046
down €14,046, from €2,755 to -€11,291
- Depreciation +€3,366
up €3,366 (+157%), from €2,139 to €5,506
From the 2025 result to the 2026 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,809 | €74,279 | +€49,469 | +199% |
| Fixed assets | 21/28 | €7,076 | €51,829 | +€44,753 | +632% |
| Tangible fixed assets | 22/27 | €7,076 | €51,829 | +€44,753 | +632% |
| Plant, machinery and equipment | 23 | €2,411 | €18,826 | +€16,415 | +681% |
| Furniture and vehicles | 24 | €4,665 | €33,003 | +€28,338 | +607% |
| Current assets | 29/58 | €17,733 | €22,450 | +€4,717 | +26.6% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €4,134 | €1,025 | -€3,109 | -75.2% |
| Trade receivables | 40 | €4,134 | €4 | -€4,130 | -99.9% |
| Other amounts receivable | 41 | - | €1,021 | +€1,021 | |
| Cash at bank and in hand | 54/58 | €13,599 | €18,925 | +€5,326 | +39.2% |
| Total equity and liabilities | 10/49 | €24,809 | €74,279 | +€49,469 | +199% |
| Equity | 10/15 | €3,816 | -€14,402 | -€18,218 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,184 | -€19,402 | -€18,218 | -1,539% |
| Amounts payable | 17/49 | €20,993 | €88,681 | +€67,687 | +322% |
| Amounts payable within one year | 42/48 | €16,793 | €84,481 | +€67,687 | +403% |
| Trade debts | 44 | €3,833 | €4,528 | +€695 | +18.1% |
| Suppliers | 440/4 | €3,833 | €4,528 | +€695 | +18.1% |
| Taxes, remuneration and social security | 45 | €1,756 | - | -€1,756 | |
| Taxes | 450/3 | €1,756 | - | -€1,756 | |
| Other amounts payable | 47/48 | €11,204 | €79,952 | +€68,748 | +614% |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,200 | = | 0.0% |
| Non-recurring operating income | 76A | €904 | - | -€904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,139 | €5,506 | +€3,366 | +157% |
| Other operating charges | 640/8 | €462 | €526 | +€64 | +13.7% |
| Non-recurring operating charges | 66A | - | €828 | +€828 | |
| Gross operating margin | 9900 | €2,755 | -€11,291 | -€14,046 | |
| Operating profit (loss) | 9901 | €154 | -€18,150 | -€18,304 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €95 | €68 | -€27 | -28.6% |
| Recurring financial charges | 65 | €95 | €68 | -€27 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €59 | -€18,218 | -€18,277 | |
| Profit (loss) for the period | 9904 | €59 | -€18,218 | -€18,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €59 | -€18,218 | -€18,277 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.