ALI SAN: what changed
Two fiscal 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 SAN
Largest movements
- Receivables within one year +€25,567
up €25,567 (+12.8%), from €199,933 to €225,500
of which Trade receivables: +€56,817
- Tangible fixed assets -€11,777
down €11,777 (-25.3%), from €46,568 to €34,791
of which Leasing and similar rights: -€11,204
- Cash -€4,581
down €4,581 (-4.3%), from €105,556 to €100,975
mainly Receivables within one year (-€25,567) and Debts after one year (-€12,408)
- Profit (loss) carried forward +€14,803
up €14,803 (+7.1%), from €207,470 to €222,274
- Debts after one year -€12,408
down €12,408 (-32.7%), from €37,945 to €25,537
- Tax, wage and social debts +€11,695
up €11,695 (+199.7%), from €5,856 to €17,551
of which Remuneration and social security: +€9,687
- Trade debts -€3,640
down €3,640 (-9.4%), from €38,884 to €35,245
- Gross operating margin +€7,018
up €7,018 (+23.6%), from €29,676 to €36,694
- Depreciation -€2,593
down €2,593 (-18.0%), from €14,370 to €11,777
- Financial income -€2,493
down €2,493 (-76.6%), from €3,253 to €760
- Financial charges -€1,475
down €1,475 (-26.2%), from €5,641 to €4,166
- Taxes +€1,182
up €1,182 (+35.3%), from €3,345 to €4,527
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.
Cash bridge derived
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 | €352,856 | €362,066 | +€9,210 | +2.6% |
| Fixed assets | 21/28 | €47,368 | €35,591 | -€11,777 | -24.9% |
| Tangible fixed assets | 22/27 | €46,568 | €34,791 | -€11,777 | -25.3% |
| Furniture and vehicles | 24 | €1,065 | €491 | -€573 | -53.8% |
| Leasing and similar rights | 25 | €45,503 | €34,299 | -€11,204 | -24.6% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €305,488 | €326,475 | +€20,987 | +6.9% |
| Amounts receivable within one year | 40/41 | €199,933 | €225,500 | +€25,567 | +12.8% |
| Trade receivables | 40 | €133,864 | €190,681 | +€56,817 | +42.4% |
| Other amounts receivable | 41 | €66,069 | €34,819 | -€31,250 | -47.3% |
| Cash at bank and in hand | 54/58 | €105,556 | €100,975 | -€4,581 | -4.3% |
| Total equity and liabilities | 10/49 | €352,856 | €362,066 | +€9,210 | +2.6% |
| Equity | 10/15 | €258,730 | €273,534 | +€14,803 | +5.7% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €33,860 | €33,860 | = | 0.0% |
| Distributable reserves | 133 | €33,860 | €33,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,470 | €222,274 | +€14,803 | +7.1% |
| Amounts payable | 17/49 | €94,126 | €88,532 | -€5,594 | -5.9% |
| Amounts payable after more than one year | 17 | €37,945 | €25,537 | -€12,408 | -32.7% |
| Financial debts | 170/4 | €37,945 | €25,537 | -€12,408 | -32.7% |
| Amounts payable within one year | 42/48 | €56,181 | €62,995 | +€6,814 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €11,441 | €10,200 | -€1,241 | -10.8% |
| Trade debts | 44 | €38,884 | €35,245 | -€3,640 | -9.4% |
| Suppliers | 440/4 | €38,884 | €35,245 | -€3,640 | -9.4% |
| Taxes, remuneration and social security | 45 | €5,856 | €17,551 | +€11,695 | +199.7% |
| Taxes | 450/3 | €5,856 | €7,864 | +€2,008 | +34.3% |
| Remuneration and social security | 454/9 | - | €9,687 | +€9,687 | |
| Remuneration, social security and pensions | 62 | €184 | €188 | +€4 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,370 | €11,777 | -€2,593 | -18.0% |
| Other operating charges | 640/8 | €2,653 | €1,993 | -€660 | -24.9% |
| Gross operating margin | 9900 | €29,676 | €36,694 | +€7,018 | +23.6% |
| Operating profit (loss) | 9901 | €12,469 | €22,736 | +€10,267 | +82.3% |
| Financial income | 75/76B | €3,253 | €760 | -€2,493 | -76.6% |
| Recurring financial income | 75 | €3,253 | €760 | -€2,493 | -76.6% |
| Financial charges | 65/66B | €5,641 | €4,166 | -€1,475 | -26.2% |
| Recurring financial charges | 65 | €5,641 | €4,166 | -€1,475 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €10,080 | €19,330 | +€9,250 | +91.8% |
| Income taxes | 67/77 | €3,345 | €4,527 | +€1,182 | +35.3% |
| Profit (loss) for the period | 9904 | €6,735 | €14,803 | +€8,068 | +119.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,735 | €14,803 | +€8,068 | +119.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.