ALI BABA: 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.
ALI BABA
Largest movements
- Tangible fixed assets -€15,618
down €15,618 (-22.4%), from €69,781 to €54,163
of which Furniture and vehicles: -€14,935
- Cash +€7,186
up €7,186 (+27.9%), from €25,783 to €32,969
mainly Depreciation (+€15,975) and Tax, wage and social debts (+€2,509)
- Receivables within one year +€2,823
up €2,823 (+7.3%), from €38,746 to €41,568
of which Other amounts receivable: +€4,323
- Debts after one year -€10,484
down €10,484 (-29.8%), from €35,239 to €24,754
- Tax, wage and social debts +€2,509
up €2,509 (+1,938%), from €129 to €2,639
of which Remuneration and social security: +€1,898
- Purchases and services -€192,531
no longer reported in 2025 (was €192,531)
- Depreciation +€10,204
up €10,204 (+177%), from €5,772 to €15,975
- Gross operating margin -€6,288
down €6,288 (-19.8%), from €31,698 to €25,410
- Staff costs -€4,308
down €4,308 (-53.4%), from €8,065 to €3,757
- Taxes +€970
up €970 (+159%), from €611 to €1,580
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 | €146,175 | €138,258 | -€7,917 | -5.4% |
| Fixed assets | 21/28 | €71,328 | €55,353 | -€15,975 | -22.4% |
| Intangible fixed assets | 21 | €1,547 | €1,190 | -€357 | -23.1% |
| Tangible fixed assets | 22/27 | €69,781 | €54,163 | -€15,618 | -22.4% |
| Plant, machinery and equipment | 23 | €3,177 | €2,494 | -€684 | -21.5% |
| Furniture and vehicles | 24 | €66,604 | €51,669 | -€14,935 | -22.4% |
| Current assets | 29/58 | €74,847 | €82,905 | +€8,058 | +10.8% |
| Stocks and contracts in progress | 3 | €8,330 | €7,652 | -€678 | -8.1% |
| Stocks | 30/36 | €8,330 | €7,652 | -€678 | -8.1% |
| Amounts receivable within one year | 40/41 | €38,746 | €41,568 | +€2,823 | +7.3% |
| Trade receivables | 40 | €1,500 | - | -€1,500 | |
| Other amounts receivable | 41 | €37,246 | €41,568 | +€4,323 | +11.6% |
| Cash at bank and in hand | 54/58 | €25,783 | €32,969 | +€7,186 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,988 | €716 | -€1,273 | -64.0% |
| Total equity and liabilities | 10/49 | €146,175 | €138,258 | -€7,917 | -5.4% |
| Equity | 10/15 | €96,252 | €97,341 | +€1,089 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,028 | €2,028 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168 | €168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,824 | €82,913 | +€1,089 | +1.3% |
| Amounts payable | 17/49 | €49,923 | €40,917 | -€9,006 | -18.0% |
| Amounts payable after more than one year | 17 | €35,239 | €24,754 | -€10,484 | -29.8% |
| Financial debts | 170/4 | €35,239 | €24,754 | -€10,484 | -29.8% |
| Amounts payable within one year | 42/48 | €14,684 | €16,163 | +€1,479 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €10,090 | €10,484 | +€395 | +3.9% |
| Trade debts | 44 | €4,465 | €3,040 | -€1,425 | -31.9% |
| Suppliers | 440/4 | €4,465 | €3,040 | -€1,425 | -31.9% |
| Taxes, remuneration and social security | 45 | €129 | €2,639 | +€2,509 | +1,938% |
| Taxes | 450/3 | €113 | €724 | +€611 | +540% |
| Remuneration and social security | 454/9 | €16 | €1,914 | +€1,898 | +11,666% |
| Goods, raw materials, services and sundry goods | 60/61 | €192,531 | - | -€192,531 | |
| Remuneration, social security and pensions | 62 | €8,065 | €3,757 | -€4,308 | -53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,772 | €15,975 | +€10,204 | +177% |
| Other operating charges | 640/8 | €1,745 | €1,282 | -€462 | -26.5% |
| Non-recurring operating charges | 66A | €12,755 | - | -€12,755 | |
| Gross operating margin | 9900 | €31,698 | €25,410 | -€6,288 | -19.8% |
| Operating profit (loss) | 9901 | €3,362 | €4,395 | +€1,033 | +30.7% |
| Financial income | 75/76B | €27 | €1 | -€26 | -96.8% |
| Recurring financial income | 75 | €27 | €1 | -€26 | -96.8% |
| Financial charges | 65/66B | €1,846 | €1,726 | -€120 | -6.5% |
| Recurring financial charges | 65 | €588 | €1,726 | +€1,138 | +193% |
| Non-recurring financial charges | 66B | €1,258 | - | -€1,258 | |
| Profit (loss) for the period before taxes | 9903 | €1,542 | €2,669 | +€1,127 | +73.1% |
| Income taxes | 67/77 | €611 | €1,580 | +€970 | +159% |
| Profit (loss) for the period | 9904 | €932 | €1,089 | +€157 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €932 | €1,089 | +€157 | +16.9% |
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 22 October 2026 via checked.be.