ALI BABA PALACE: 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 PALACE
Largest movements
- Tangible fixed assets +€39,469
up €39,469 (+529%), from €7,459 to €46,927
of which Furniture and vehicles: +€31,984
- Cash -€10,218
down €10,218 (-71.7%), from €14,257 to €4,039
mainly Investment in fixed assets (net) (-€48,781) and Other debts (-€8,501)
- Financial fixed assets +€2,600
new in 2024: €2,600
- Receivables within one year +€1,643
new in 2024: €1,643
- Profit (loss) carried forward +€23,434
up €23,434, from -€13,318 to €10,116
- Trade debts +€16,417
up €16,417 (+563%), from €2,914 to €19,331
- Other debts -€8,501
down €8,501 (-94.0%), from €9,046 to €545
- Tax, wage and social debts +€2,143
up €2,143 (+27.7%), from €7,739 to €9,882
- Gross operating margin +€145,273
up €145,273 (+521%), from €27,873 to €173,145
- Staff costs +€114,726
up €114,726 (+559%), from €20,513 to €135,238
- Depreciation +€6,459
up €6,459 (+2,545%), from €254 to €6,712
- Taxes +€4,664
up €4,664 (+328%), from €1,421 to €6,085
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,466 | €58,959 | +€33,494 | +132% |
| Fixed assets | 21/28 | €7,459 | €49,527 | +€42,069 | +564% |
| Tangible fixed assets | 22/27 | €7,459 | €46,927 | +€39,469 | +529% |
| Plant, machinery and equipment | 23 | €7,459 | €14,943 | +€7,484 | +100% |
| Furniture and vehicles | 24 | - | €31,984 | +€31,984 | |
| Financial fixed assets | 28 | - | €2,600 | +€2,600 | |
| Current assets | 29/58 | €18,007 | €9,432 | -€8,575 | -47.6% |
| Stocks and contracts in progress | 3 | €3,750 | €3,750 | = | 0.0% |
| Stocks | 30/36 | €3,750 | €3,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €1,643 | +€1,643 | |
| Trade receivables | 40 | - | €1,643 | +€1,643 | |
| Cash at bank and in hand | 54/58 | €14,257 | €4,039 | -€10,218 | -71.7% |
| Total equity and liabilities | 10/49 | €25,466 | €58,959 | +€33,494 | +132% |
| Equity | 10/15 | €5,767 | €29,201 | +€23,434 | +406% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €485 | €485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €485 | €485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €485 | €485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,318 | €10,116 | +€23,434 | |
| Amounts payable | 17/49 | €19,699 | €29,759 | +€10,060 | +51.1% |
| Amounts payable within one year | 42/48 | €19,699 | €29,759 | +€10,060 | +51.1% |
| Trade debts | 44 | €2,914 | €19,331 | +€16,417 | +563% |
| Suppliers | 440/4 | €2,914 | €19,331 | +€16,417 | +563% |
| Taxes, remuneration and social security | 45 | €7,739 | €9,882 | +€2,143 | +27.7% |
| Taxes | 450/3 | €7,739 | €9,882 | +€2,143 | +27.7% |
| Other amounts payable | 47/48 | €9,046 | €545 | -€8,501 | -94.0% |
| Remuneration, social security and pensions | 62 | €20,513 | €135,238 | +€114,726 | +559% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €6,712 | +€6,459 | +2,545% |
| Other operating charges | 640/8 | - | €1,232 | +€1,232 | |
| Gross operating margin | 9900 | €27,873 | €173,145 | +€145,273 | +521% |
| Operating profit (loss) | 9901 | €7,106 | €29,962 | +€22,856 | +322% |
| Financial charges | 65/66B | - | €443 | +€443 | |
| Recurring financial charges | 65 | - | €443 | +€443 | |
| Profit (loss) for the period before taxes | 9903 | €7,106 | €29,519 | +€22,412 | +315% |
| Income taxes | 67/77 | €1,421 | €6,085 | +€4,664 | +328% |
| Profit (loss) for the period | 9904 | €5,685 | €23,434 | +€17,749 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €5,685 | €23,434 | +€17,749 | +312% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.