ALI.H.: 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.H.
Largest movements
- Receivables within one year -€110,990
down €110,990 (-90.9%), from €122,103 to €11,113
of which Trade receivables: -€110,572
- Cash +€64,817
up €64,817 (+88.3%), from €73,393 to €138,210
mainly Receivables within one year (+€110,990) and Depreciation (+€33,908)
- Tangible fixed assets -€33,908
down €33,908 (-35.7%), from €95,011 to €61,103
of which Other tangible fixed assets: -€19,027
- Profit (loss) carried forward -€40,690
down €40,690 (-99.1%), from €41,049 to €359
- Debts after one year -€26,084
down €26,084 (-37.6%), from €69,321 to €43,236
- Trade debts +€14,202
up €14,202 (+40.7%), from €34,900 to €49,102
- Tax, wage and social debts -€13,933
down €13,933 (-26.9%), from €51,753 to €37,820
of which Taxes: -€8,263
- Current portion of long-term debt -€8,056
down €8,056 (-23.4%), from €34,370 to €26,314
- Gross operating margin -€228,827
down €228,827 (-90.9%), from €251,615 to €22,788
- Staff costs -€68,038
down €68,038 (-72.3%), from €94,121 to €26,082
- Taxes -€20,493
down €20,493 (-99.3%), from €20,637 to €145
- Financial charges -€13,283
down €13,283 (-81.4%), from €16,328 to €3,045
of which Non-recurring financial charges: -€9,856
- Depreciation -€5,605
down €5,605 (-14.2%), from €39,513 to €33,908
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 | €394,215 | €317,206 | -€77,009 | -19.5% |
| Fixed assets | 21/28 | €109,006 | €75,098 | -€33,908 | -31.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €95,011 | €61,103 | -€33,908 | -35.7% |
| Plant, machinery and equipment | 23 | €1,592 | €159 | -€1,433 | -90.0% |
| Furniture and vehicles | 24 | €33,886 | €24,819 | -€9,067 | -26.8% |
| Leasing and similar rights | 25 | €7,706 | €3,325 | -€4,381 | -56.9% |
| Other tangible fixed assets | 26 | €51,827 | €32,799 | -€19,027 | -36.7% |
| Financial fixed assets | 28 | €13,995 | €13,995 | = | 0.0% |
| Current assets | 29/58 | €285,209 | €242,107 | -€43,102 | -15.1% |
| Stocks and contracts in progress | 3 | €89,713 | €92,784 | +€3,072 | +3.4% |
| Stocks | 30/36 | €89,713 | €92,784 | +€3,072 | +3.4% |
| Amounts receivable within one year | 40/41 | €122,103 | €11,113 | -€110,990 | -90.9% |
| Trade receivables | 40 | €110,572 | - | -€110,572 | |
| Other amounts receivable | 41 | €11,532 | €11,113 | -€418 | -3.6% |
| Cash at bank and in hand | 54/58 | €73,393 | €138,210 | +€64,817 | +88.3% |
| Total equity and liabilities | 10/49 | €394,215 | €317,206 | -€77,009 | -19.5% |
| Equity | 10/15 | €197,572 | €154,433 | -€43,138 | -21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €134,304 | €134,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €132,444 | €132,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,049 | €359 | -€40,690 | -99.1% |
| Investment grants | 15 | €3,619 | €1,170 | -€2,448 | -67.7% |
| Amounts payable | 17/49 | €196,643 | €162,772 | -€33,871 | -17.2% |
| Amounts payable after more than one year | 17 | €69,321 | €43,236 | -€26,084 | -37.6% |
| Financial debts | 170/4 | €69,321 | €43,236 | -€26,084 | -37.6% |
| Amounts payable within one year | 42/48 | €127,323 | €119,536 | -€7,787 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €34,370 | €26,314 | -€8,056 | -23.4% |
| Trade debts | 44 | €34,900 | €49,102 | +€14,202 | +40.7% |
| Suppliers | 440/4 | €34,900 | €49,102 | +€14,202 | +40.7% |
| Advances received on contracts in progress | 46 | €6,300 | €6,300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €51,753 | €37,820 | -€13,933 | -26.9% |
| Taxes | 450/3 | €30,703 | €22,440 | -€8,263 | -26.9% |
| Remuneration and social security | 454/9 | €21,049 | €15,380 | -€5,670 | -26.9% |
| Remuneration, social security and pensions | 62 | €94,121 | €26,082 | -€68,038 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,513 | €33,908 | -€5,605 | -14.2% |
| Other operating charges | 640/8 | €5,341 | €3,326 | -€2,016 | -37.7% |
| Gross operating margin | 9900 | €251,615 | €22,788 | -€228,827 | -90.9% |
| Operating profit (loss) | 9901 | €112,641 | -€40,528 | -€153,169 | |
| Financial income | 75/76B | €2,454 | €3,027 | +€573 | +23.4% |
| Recurring financial income | 75 | €2,454 | €3,027 | +€573 | +23.4% |
| Financial charges | 65/66B | €16,328 | €3,045 | -€13,283 | -81.4% |
| Recurring financial charges | 65 | €6,472 | €3,045 | -€3,427 | -53.0% |
| Non-recurring financial charges | 66B | €9,856 | - | -€9,856 | |
| Profit (loss) for the period before taxes | 9903 | €98,767 | -€40,545 | -€139,312 | |
| Income taxes | 67/77 | €20,637 | €145 | -€20,493 | -99.3% |
| Profit (loss) for the period | 9904 | €78,130 | -€40,690 | -€118,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,130 | -€40,690 | -€118,820 |
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 16 October 2026 via checked.be.