ALHIERS: 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.
ALHIERS
Largest movements
- Receivables within one year +€14,789
up €14,789 (+7.0%), from €212,259 to €227,048
of which Trade receivables: +€7,419
- Profit (loss) carried forward +€12,746
up €12,746 (+8.3%), from -€153,514 to -€140,768
- Other debts +€3,523
up €3,523 (+1.0%), from €342,228 to €345,751
- Trade debts -€3,341
down €3,341 (-39.7%), from €8,415 to €5,074
- Financial charges -€34,258
down €34,258 (-99.7%), from €34,370 to €112
of which Non-recurring financial charges: -€34,260
- Gross operating margin +€10,191
up €10,191, from -€1,445 to €8,746
- Other operating charges -€7,319
down €7,319 (-64.1%), from €11,412 to €4,093
- Depreciation -€204
down €204 (-29.8%), from €683 to €479
- Financial income +€161
up €161 (+1.9%), from €8,523 to €8,684
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 | €241,129 | €254,850 | +€13,721 | +5.7% |
| Fixed assets | 21/28 | €27,879 | €27,400 | -€479 | -1.7% |
| Tangible fixed assets | 22/27 | €479 | €0 | -€479 | -100% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €479 | €0 | -€479 | -100% |
| Financial fixed assets | 28 | €27,400 | €27,400 | = | 0.0% |
| Current assets | 29/58 | €213,250 | €227,450 | +€14,200 | +6.7% |
| Amounts receivable within one year | 40/41 | €212,259 | €227,048 | +€14,789 | +7.0% |
| Trade receivables | 40 | €55,399 | €62,819 | +€7,419 | +13.4% |
| Other amounts receivable | 41 | €156,860 | €164,229 | +€7,369 | +4.7% |
| Cash at bank and in hand | 54/58 | €708 | €129 | -€578 | -81.8% |
| Deferred charges and accrued income | 490/1 | €283 | €273 | -€11 | -3.7% |
| Total equity and liabilities | 10/49 | €241,129 | €254,850 | +€13,721 | +5.7% |
| Equity | 10/15 | -€109,514 | -€96,768 | +€12,746 | +11.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,514 | -€140,768 | +€12,746 | +8.3% |
| Amounts payable | 17/49 | €350,643 | €351,618 | +€975 | +0.3% |
| Amounts payable within one year | 42/48 | €350,643 | €351,467 | +€825 | +0.2% |
| Trade debts | 44 | €8,415 | €5,074 | -€3,341 | -39.7% |
| Suppliers | 440/4 | €8,415 | €5,074 | -€3,341 | -39.7% |
| Taxes, remuneration and social security | 45 | €0 | €643 | +€643 | |
| Taxes | 450/3 | €0 | €643 | +€643 | |
| Other amounts payable | 47/48 | €342,228 | €345,751 | +€3,523 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €479 | -€204 | -29.8% |
| Other operating charges | 640/8 | €11,412 | €4,093 | -€7,319 | -64.1% |
| Gross operating margin | 9900 | -€1,445 | €8,746 | +€10,191 | |
| Operating profit (loss) | 9901 | -€13,540 | €4,174 | +€17,714 | |
| Financial income | 75/76B | €8,523 | €8,684 | +€161 | +1.9% |
| Recurring financial income | 75 | €8,523 | €8,684 | +€161 | +1.9% |
| Financial charges | 65/66B | €34,370 | €112 | -€34,258 | -99.7% |
| Recurring financial charges | 65 | €110 | €112 | +€2 | +1.6% |
| Non-recurring financial charges | 66B | €34,260 | €0 | -€34,260 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€39,387 | €12,746 | +€52,133 | |
| Profit (loss) for the period | 9904 | -€39,387 | €12,746 | +€52,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,387 | €12,746 | +€52,133 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.