Alhegelu: 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.
Alhegelu
Largest movements
- Receivables within one year +€411,163
up €411,163 (+112%), from €367,258 to €778,422
of which Trade receivables: +€555,384
- Tangible fixed assets -€31,802
down €31,802 (-20.3%), from €156,577 to €124,775
- Cash -€16,225
down €16,225 (-79.0%), from €20,546 to €4,321
mainly Receivables within one year (-€411,163) and Debts after one year (-€26,224)
- Profit (loss) carried forward +€316,382
up €316,382 (+95.1%), from €332,785 to €649,167
- Tax, wage and social debts +€46,427
up €46,427 (+76.6%), from €60,592 to €107,019
of which Taxes: +€48,845
- Debts after one year -€26,224
down €26,224 (-23.0%), from €113,845 to €87,620
- Other debts +€25,681
up €25,681, from €0 to €25,681
- Gross operating margin +€205,827
up €205,827 (+82.3%), from €250,014 to €455,841
- Taxes +€49,845
up €49,845 (+87.2%), from €57,174 to €107,019
- Depreciation +€29,369
up €29,369 (+1,207%), from €2,433 to €31,802
- Financial charges +€5,021
up €5,021 (+2,912%), from €172 to €5,194
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
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 | €544,381 | €909,518 | +€365,136 | +67.1% |
| Fixed assets | 21/28 | €156,577 | €126,775 | -€29,802 | -19.0% |
| Tangible fixed assets | 22/27 | €156,577 | €124,775 | -€31,802 | -20.3% |
| Furniture and vehicles | 24 | €156,577 | €124,775 | -€31,802 | -20.3% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €387,804 | €782,742 | +€394,938 | +102% |
| Amounts receivable within one year | 40/41 | €367,258 | €778,422 | +€411,163 | +112% |
| Trade receivables | 40 | €125,309 | €680,693 | +€555,384 | +443% |
| Other amounts receivable | 41 | €241,950 | €97,728 | -€144,221 | -59.6% |
| Cash at bank and in hand | 54/58 | €20,546 | €4,321 | -€16,225 | -79.0% |
| Total equity and liabilities | 10/49 | €544,381 | €909,518 | +€365,136 | +67.1% |
| Equity | 10/15 | €342,785 | €659,167 | +€316,382 | +92.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,785 | €649,167 | +€316,382 | +95.1% |
| Amounts payable | 17/49 | €201,596 | €250,350 | +€48,754 | +24.2% |
| Amounts payable after more than one year | 17 | €113,845 | €87,620 | -€26,224 | -23.0% |
| Financial debts | 170/4 | €113,845 | €87,620 | -€26,224 | -23.0% |
| Amounts payable within one year | 42/48 | €87,751 | €162,730 | +€74,978 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | €23,155 | €26,224 | +€3,069 | +13.3% |
| Trade debts | 44 | €4,004 | €3,806 | -€198 | -4.9% |
| Suppliers | 440/4 | €4,004 | €3,806 | -€198 | -4.9% |
| Taxes, remuneration and social security | 45 | €60,592 | €107,019 | +€46,427 | +76.6% |
| Taxes | 450/3 | €58,174 | €107,019 | +€48,845 | +84.0% |
| Remuneration and social security | 454/9 | €2,418 | €0 | -€2,418 | -100% |
| Other amounts payable | 47/48 | €0 | €25,681 | +€25,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €31,802 | +€29,369 | +1,207% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +152% |
| Gross operating margin | 9900 | €250,014 | €455,841 | +€205,827 | +82.3% |
| Operating profit (loss) | 9901 | €247,197 | €423,071 | +€175,875 | +71.1% |
| Financial income | 75/76B | €1,671 | €5,523 | +€3,852 | +231% |
| Recurring financial income | 75 | €1,671 | €5,523 | +€3,852 | +231% |
| Financial charges | 65/66B | €172 | €5,194 | +€5,021 | +2,912% |
| Recurring financial charges | 65 | €172 | €5,194 | +€5,021 | +2,912% |
| Profit (loss) for the period before taxes | 9903 | €248,695 | €423,401 | +€174,706 | +70.2% |
| Income taxes | 67/77 | €57,174 | €107,019 | +€49,845 | +87.2% |
| Profit (loss) for the period | 9904 | €191,521 | €316,382 | +€124,861 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,521 | €316,382 | +€124,861 | +65.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.