Alhobe: 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.
What changed
Alhobe
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · -€882,231+€6.3m
Equity
€10.7m
2024 · €5.4m+€5.3m
Cash
€68,162
2024 · €73,177-€5,015
Balance sheet total
€11.7m
2024 · €5.8m+€5.9m
Largest movements
Assets
- Financial fixed assets +€5.7m
up €5.7m (+99.2%), from €5.7m to €11.4m
- Tangible fixed assets +€171,610
new in 2025: €171,610
Equity and liabilities
- Reserves +€5.3m
up €5.3m (+98.8%), from €5.4m to €10.7m
- Other debts +€566,748
up €566,748 (+125%), from €453,862 to €1.0m
Income statement
- Financial income +€5.5m
up €5.5m (+25,769%), from €21,174 to €5.5m
- Financial charges -€855,206
down €855,206 (-93.5%), from €914,827 to €59,621
of which Non-recurring financial charges: -€839,832
- Turnover +€90,083
up €90,083 (+138%), from €65,167 to €155,250
- Services and other goods +€71,642
up €71,642 (+164%), from €43,560 to €115,202
- Depreciation +€26,817
up €26,817 (+295%), from €9,105 to €35,922
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.
Result 2024
-€882,231
Turnover
+€90,083
Other operating income
+€1,273
Services and other goods
-€71,642
Depreciation
-€26,817
Other operating charges
-€81
Financial income
+€5.5m
Financial charges
+€855,206
Taxes
-€16,057
Result 2025
€5.4m
raises the resultlowers the result
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.
From operations
+€6.0m
Investment
-€5.9m
Financing
-€90,327
Cash 2024
€73,177
From operations (derived)
+€6.0m
Net result for the year
+€5.4m
Depreciation
+€35,922
Receivables within one year
-€31,663
Trade debts
+€314
Tax, wage and social debts
+€16,814
Other debts
+€566,748
Investment (derived)
-€5.9m
Investment in fixed assets (net)
-€5.9m
Financing
-€90,327
Contributions, distributions and other
-€90,327
Cash 2025
€68,162
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,847,084 | €11,746,648 | +€5.9m | +101% |
| Fixed assets | 21/28 | €5,768,396 | €11,641,312 | +€5.9m | +102% |
| Intangible fixed assets | 21 | €68,395 | €117,734 | +€49,339 | +72.1% |
| Tangible fixed assets | 22/27 | - | €171,610 | +€171,610 | |
| Furniture and vehicles | 24 | - | €171,610 | +€171,610 | |
| Financial fixed assets | 28 | €5,700,001 | €11,351,968 | +€5.7m | +99.2% |
| Affiliated companies | 280/1 | €5,700,001 | €11,351,968 | +€5.7m | +99.2% |
| Participating interests | 280 | €5,700,001 | €11,351,968 | +€5.7m | +99.2% |
| Current assets | 29/58 | €78,688 | €105,336 | +€26,648 | +33.9% |
| Amounts receivable within one year | 40/41 | €5,511 | €37,174 | +€31,663 | +575% |
| Trade receivables | 40 | €5,000 | €22,500 | +€17,500 | +350% |
| Other amounts receivable | 41 | €511 | €14,674 | +€14,163 | +2,771% |
| Cash at bank and in hand | 54/58 | €73,177 | €68,162 | -€5,015 | -6.9% |
| Total equity and liabilities | 10/49 | €5,847,084 | €11,746,648 | +€5.9m | +101% |
| Equity | 10/15 | €5,382,358 | €10,698,046 | +€5.3m | +98.8% |
| Contributions | 10/11 | €1,000 | €2,000 | +€1,000 | +100% |
| Reserves | 13 | €5,381,358 | €10,696,046 | +€5.3m | +98.8% |
| Distributable reserves | 133 | €5,381,358 | €10,696,046 | +€5.3m | +98.8% |
| Amounts payable | 17/49 | €464,725 | €1,048,601 | +€583,876 | +126% |
| Amounts payable within one year | 42/48 | €464,725 | €1,048,601 | +€583,876 | +126% |
| Trade debts | 44 | €1,121 | €1,436 | +€314 | +28.0% |
| Suppliers | 440/4 | €1,121 | €1,436 | +€314 | +28.0% |
| Taxes, remuneration and social security | 45 | €9,742 | €26,556 | +€16,814 | +173% |
| Taxes | 450/3 | €9,742 | €26,556 | +€16,814 | +173% |
| Other amounts payable | 47/48 | €453,862 | €1,020,610 | +€566,748 | +125% |
| Operating income | 70/76A | €65,167 | €156,523 | +€91,356 | +140% |
| Turnover | 70 | €65,167 | €155,250 | +€90,083 | +138% |
| Other operating income | 74 | - | €1,273 | +€1,273 | |
| Operating charges | 60/66A | €53,744 | €152,285 | +€98,540 | +183% |
| Services and other goods | 61 | €43,560 | €115,202 | +€71,642 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,105 | €35,922 | +€26,817 | +295% |
| Other operating charges | 640/8 | €1,080 | €1,160 | +€81 | +7.5% |
| Operating profit (loss) | 9901 | €11,422 | €4,238 | -€7,184 | -62.9% |
| Financial income | 75/76B | €21,174 | €5,477,455 | +€5.5m | +25,769% |
| Recurring financial income | 75 | €21,174 | €5,477,455 | +€5.5m | +25,769% |
| Income from financial fixed assets | 750 | - | €5,455,000 | +€5.5m | |
| Income from current assets | 751 | €21,174 | €22,455 | +€1,281 | +6.0% |
| Financial charges | 65/66B | €914,827 | €59,621 | -€855,206 | -93.5% |
| Recurring financial charges | 65 | €37,995 | €22,621 | -€15,374 | -40.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €37,965 | €22,455 | -€15,510 | -40.9% |
| Other financial charges | 652/9 | €30 | €166 | +€136 | +454% |
| Non-recurring financial charges | 66B | €876,832 | €37,000 | -€839,832 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | -€882,231 | €5,422,072 | +€6.3m | |
| Income taxes | 67/77 | - | €16,057 | +€16,057 | |
| Taxes | 670/3 | - | €16,057 | +€16,057 | |
| Profit (loss) for the period | 9904 | -€882,231 | €5,406,015 | +€6.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€882,231 | €5,406,015 | +€6.3m |
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 1 November 2026 via checked.be.