ALI STAR: 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 STAR
Largest movements
- Receivables within one year +€13,121
up €13,121 (+140%), from €9,357 to €22,478
of which Trade receivables: +€9,407
- Stocks and contracts +€12,248
up €12,248 (+14.4%), from €85,124 to €97,371
- Tangible fixed assets +€8,736
up €8,736 (+178%), from €4,910 to €13,646
- Cash +€6,578
up €6,578 (+386%), from €1,705 to €8,283
mainly Net result for the year (+€20,958) and Trade debts (+€10,641)
- Financial fixed assets -€2,700
down €2,700 (-44.3%), from €6,100 to €3,400
- Profit (loss) carried forward +€20,958
up €20,958 (+30.0%), from €69,749 to €90,707
- Trade debts +€10,641
up €10,641 (+470%), from €2,263 to €12,904
- Tax, wage and social debts +€8,727
up €8,727 (+48.3%), from €18,055 to €26,782
of which Remuneration and social security: +€8,696
- Debts after one year -€3,090
down €3,090 (-81.9%), from €3,772 to €682
- Turnover -€99,086
down €99,086 (-17.5%), from €564,845 to €465,759
- Purchases and services -€63,459
down €63,459 (-11.2%), from €567,014 to €503,555
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 | €107,310 | €145,179 | +€37,869 | +35.3% |
| Fixed assets | 21/28 | €11,010 | €17,046 | +€6,036 | +54.8% |
| Tangible fixed assets | 22/27 | €4,910 | €13,646 | +€8,736 | +178% |
| Furniture and vehicles | 24 | €4,910 | €13,646 | +€8,736 | +178% |
| Financial fixed assets | 28 | €6,100 | €3,400 | -€2,700 | -44.3% |
| Current assets | 29/58 | €96,300 | €128,133 | +€31,833 | +33.1% |
| Stocks and contracts in progress | 3 | €85,124 | €97,371 | +€12,248 | +14.4% |
| Stocks | 30/36 | €85,124 | €97,371 | +€12,248 | +14.4% |
| Amounts receivable within one year | 40/41 | €9,357 | €22,478 | +€13,121 | +140% |
| Trade receivables | 40 | - | €9,407 | +€9,407 | |
| Other amounts receivable | 41 | €9,357 | €13,071 | +€3,713 | +39.7% |
| Cash at bank and in hand | 54/58 | €1,705 | €8,283 | +€6,578 | +386% |
| Deferred charges and accrued income | 490/1 | €114 | - | -€114 | |
| Total equity and liabilities | 10/49 | €107,310 | €145,179 | +€37,869 | +35.3% |
| Equity | 10/15 | €80,100 | €101,057 | +€20,958 | +26.2% |
| Contributions | 10/11 | €9,358 | €9,358 | = | 0.0% |
| Reserves | 13 | €993 | €993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €993 | €993 | = | 0.0% |
| Reserves not available under the articles | 1311 | €993 | €993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,749 | €90,707 | +€20,958 | +30.0% |
| Amounts payable | 17/49 | €27,210 | €44,122 | +€16,912 | +62.2% |
| Amounts payable after more than one year | 17 | €3,772 | €682 | -€3,090 | -81.9% |
| Financial debts | 170/4 | €3,772 | €682 | -€3,090 | -81.9% |
| Amounts payable within one year | 42/48 | €23,438 | €43,440 | +€20,002 | +85.3% |
| Current portion of amounts payable after more than one year | 42 | €3,090 | €3,090 | = | 0.0% |
| Trade debts | 44 | €2,263 | €12,904 | +€10,641 | +470% |
| Suppliers | 440/4 | €2,263 | €12,904 | +€10,641 | +470% |
| Taxes, remuneration and social security | 45 | €18,055 | €26,782 | +€8,727 | +48.3% |
| Taxes | 450/3 | €14,535 | €14,567 | +€32 | +0.2% |
| Remuneration and social security | 454/9 | €3,520 | €12,215 | +€8,696 | +247% |
| Other amounts payable | 47/48 | €30 | €664 | +€634 | +2,089% |
| Turnover | 70 | €564,845 | €465,759 | -€99,086 | -17.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €567,014 | €503,555 | -€63,459 | -11.2% |
| Remuneration, social security and pensions | 62 | €41,409 | €46,555 | +€5,146 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,623 | €3,238 | -€385 | -10.6% |
| Other operating charges | 640/8 | €3,713 | €7,598 | +€3,886 | +105% |
| Non-recurring operating charges | 66A | - | €2,700 | +€2,700 | |
| Gross operating margin | 9900 | €88,236 | €92,449 | +€4,214 | +4.8% |
| Operating profit (loss) | 9901 | €39,491 | €32,358 | -€7,133 | -18.1% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €1,371 | €649 | -€722 | -52.7% |
| Recurring financial charges | 65 | €1,371 | €649 | -€722 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €38,120 | €31,859 | -€6,261 | -16.4% |
| Income taxes | 67/77 | €11,549 | €10,901 | -€648 | -5.6% |
| Profit (loss) for the period | 9904 | €26,571 | €20,958 | -€5,613 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,571 | €20,958 | -€5,613 | -21.1% |
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 17 October 2026 via checked.be.