Alias: 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.
Alias
Largest movements
- Cash +€68,606
up €68,606 (+50.9%), from €134,655 to €203,261
mainly Debts within one year (+€87,074) and Depreciation (+€4,825)
- Receivables within one year +€10,345
up €10,345 (+8.6%), from €120,833 to €131,178
of which Other amounts receivable: +€11,613
- Deferred charges and accrued income +€7,032
up €7,032 (+8.1%), from €86,504 to €93,536
- Debts within one year +€87,074
up €87,074 (+33.3%), from €261,197 to €348,271
of which Short-term financial debts: +€100,000
- Gross operating margin +€24,676
up €24,676 (+2.8%), from €885,045 to €909,720
- Staff costs +€21,242
up €21,242 (+2.4%), from €882,073 to €903,315
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 | €360,995 | €444,251 | +€83,257 | +23.1% |
| Fixed assets | 21/28 | €19,002 | €16,275 | -€2,727 | -14.4% |
| Tangible fixed assets | 22/27 | €18,478 | €15,451 | -€3,027 | -16.4% |
| Furniture and vehicles | 24 | €7,373 | €6,202 | -€1,170 | -15.9% |
| Other tangible fixed assets | 26 | €11,106 | €9,249 | -€1,857 | -16.7% |
| Financial fixed assets | 28 | €524 | €824 | +€300 | +57.3% |
| Current assets | 29/58 | €341,992 | €427,976 | +€85,984 | +25.1% |
| Amounts receivable within one year | 40/41 | €120,833 | €131,178 | +€10,345 | +8.6% |
| Trade receivables | 40 | €3,077 | €1,809 | -€1,268 | -41.2% |
| Other amounts receivable | 41 | €117,756 | €129,369 | +€11,613 | +9.9% |
| Cash at bank and in hand | 54/58 | €134,655 | €203,261 | +€68,606 | +50.9% |
| Deferred charges and accrued income | 490/1 | €86,504 | €93,536 | +€7,032 | +8.1% |
| Total equity and liabilities | 10/49 | €360,995 | €444,251 | +€83,257 | +23.1% |
| Equity | 10/15 | €76,161 | €76,285 | +€124 | +0.2% |
| Reserves | 13 | €48,640 | €48,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,043 | €12,194 | +€3,151 | +34.8% |
| Investment grants | 15 | €18,478 | €15,451 | -€3,027 | -16.4% |
| Amounts payable | 17/49 | €284,834 | €367,966 | +€83,132 | +29.2% |
| Amounts payable within one year | 42/48 | €261,197 | €348,271 | +€87,074 | +33.3% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €43,497 | €63,528 | +€20,031 | +46.1% |
| Suppliers | 440/4 | €43,497 | €63,528 | +€20,031 | +46.1% |
| Taxes, remuneration and social security | 45 | €113,412 | €118,488 | +€5,076 | +4.5% |
| Taxes | 450/3 | €9,197 | €6,831 | -€2,366 | -25.7% |
| Remuneration and social security | 454/9 | €104,216 | €111,657 | +€7,442 | +7.1% |
| Accrued charges and deferred income | 492/3 | €23,637 | €19,695 | -€3,941 | -16.7% |
| Remuneration, social security and pensions | 62 | €882,073 | €903,315 | +€21,242 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,794 | €4,825 | +€2,031 | +72.7% |
| Other operating charges | 640/8 | €203 | €571 | +€368 | +182% |
| Non-recurring operating charges | 66A | - | €1,375 | +€1,375 | |
| Gross operating margin | 9900 | €885,045 | €909,720 | +€24,676 | +2.8% |
| Operating profit (loss) | 9901 | -€25 | -€366 | -€341 | -1,377% |
| Financial income | 75/76B | €2,809 | €4,836 | +€2,027 | +72.2% |
| Recurring financial income | 75 | €2,809 | €4,836 | +€2,027 | +72.2% |
| Financial charges | 65/66B | €2,396 | €1,320 | -€1,076 | -44.9% |
| Recurring financial charges | 65 | €2,396 | €1,320 | -€1,076 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €388 | €3,151 | +€2,763 | +711% |
| Profit (loss) for the period | 9904 | €388 | €3,151 | +€2,763 | +711% |
| Profit (loss) for the period to be appropriated | 9905 | €388 | €3,151 | +€2,763 | +711% |
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 13 October 2026 via checked.be.