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
- Receivables within one year -€183,456
down €183,456 (-56.2%), from €326,487 to €143,031
of which Trade receivables: -€187,626
- Cash +€122,683
up €122,683 (+45.0%), from €272,359 to €395,042
mainly Receivables within one year (+€183,456) and Net result for the year (+€157,269)
- Tax, wage and social debts -€92,673
down €92,673 (-63.1%), from €146,954 to €54,281
of which Taxes: -€79,574
- Current portion of long-term debt +€17,005
up €17,005 (+47.3%), from €35,984 to €52,989
- Other debts +€9,651
up €9,651 (+3.7%), from €258,051 to €267,702
- Staff costs +€64,662
up €64,662 (+25.2%), from €256,987 to €321,649
- Taxes -€31,099
down €31,099 (-35.6%), from €87,290 to €56,190
- Gross operating margin -€30,751
down €30,751 (-5.1%), from €601,562 to €570,810
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 | €675,038 | €611,294 | -€63,744 | -9.4% |
| Fixed assets | 21/28 | €71,892 | €68,143 | -€3,749 | -5.2% |
| Tangible fixed assets | 22/27 | €71,892 | €68,143 | -€3,749 | -5.2% |
| Plant, machinery and equipment | 23 | €2,382 | €1,431 | -€951 | -39.9% |
| Furniture and vehicles | 24 | €69,510 | €66,712 | -€2,797 | -4.0% |
| Current assets | 29/58 | €603,146 | €543,151 | -€59,995 | -9.9% |
| Amounts receivable within one year | 40/41 | €326,487 | €143,031 | -€183,456 | -56.2% |
| Trade receivables | 40 | €326,487 | €138,861 | -€187,626 | -57.5% |
| Other amounts receivable | 41 | - | €4,170 | +€4,170 | |
| Cash at bank and in hand | 54/58 | €272,359 | €395,042 | +€122,683 | +45.0% |
| Deferred charges and accrued income | 490/1 | €4,300 | €5,078 | +€777 | +18.1% |
| Total equity and liabilities | 10/49 | €675,038 | €611,294 | -€63,744 | -9.4% |
| Equity | 10/15 | €182,489 | €182,758 | +€269 | +0.1% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €169,522 | €169,522 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,662 | €20,662 | = | 0.0% |
| Distributable reserves | 133 | €148,860 | €148,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €767 | €1,036 | +€269 | +35.1% |
| Amounts payable | 17/49 | €492,549 | €428,536 | -€64,013 | -13.0% |
| Amounts payable after more than one year | 17 | €43,150 | €43,424 | +€274 | +0.6% |
| Financial debts | 170/4 | €43,150 | €43,424 | +€274 | +0.6% |
| Amounts payable within one year | 42/48 | €449,399 | €385,112 | -€64,287 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €35,984 | €52,989 | +€17,005 | +47.3% |
| Trade debts | 44 | €8,411 | €10,140 | +€1,729 | +20.6% |
| Suppliers | 440/4 | €8,411 | €10,140 | +€1,729 | +20.6% |
| Taxes, remuneration and social security | 45 | €146,954 | €54,281 | -€92,673 | -63.1% |
| Taxes | 450/3 | €118,674 | €39,100 | -€79,574 | -67.1% |
| Remuneration and social security | 454/9 | €28,280 | €15,181 | -€13,099 | -46.3% |
| Other amounts payable | 47/48 | €258,051 | €267,702 | +€9,651 | +3.7% |
| Remuneration, social security and pensions | 62 | €256,987 | €321,649 | +€64,662 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,538 | €31,889 | +€5,351 | +20.2% |
| Other operating charges | 640/8 | €3,261 | €3,065 | -€196 | -6.0% |
| Gross operating margin | 9900 | €601,562 | €570,810 | -€30,751 | -5.1% |
| Operating profit (loss) | 9901 | €314,775 | €214,207 | -€100,568 | -31.9% |
| Financial income | 75/76B | €1,149 | €1,477 | +€328 | +28.5% |
| Recurring financial income | 75 | €1,149 | €1,477 | +€328 | +28.5% |
| Financial charges | 65/66B | €2,422 | €2,224 | -€197 | -8.2% |
| Recurring financial charges | 65 | €2,422 | €2,224 | -€197 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €313,503 | €213,460 | -€100,043 | -31.9% |
| Income taxes | 67/77 | €87,290 | €56,190 | -€31,099 | -35.6% |
| Profit (loss) for the period | 9904 | €226,213 | €157,269 | -€68,944 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €226,213 | €157,269 | -€68,944 | -30.5% |
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.