ALIC 1: 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.
ALIC 1
Largest movements
- Financial fixed assets +€7.1m
up €7.1m (+167%), from €4.3m to €11.4m
- Receivables within one year +€339,169
up €339,169 (+192%), from €176,687 to €515,855
of which Other amounts receivable: +€226,099
- Short-term financial debts +€3.8m
new in 2025: €3.8m
- Debts after one year +€2.0m
up €2.0m (+71.6%), from €2.8m to €4.8m
- Reserves +€1.0m
new in 2025: €1.0m
- Current portion of long-term debt +€175,043
up €175,043 (+92.0%), from €190,178 to €365,221
- Other debts +€142,578
up €142,578 (+9.3%), from €1.5m to €1.7m
- Financial income +€1.1m
new in 2025: €1.1m
- Financial charges +€185,484
up €185,484 (+528%), from €35,116 to €220,600
- Gross operating margin +€177,305
up €177,305 (+857%), from €20,679 to €197,984
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 | €4,493,078 | €11,957,330 | +€7.5m | +166% |
| Fixed assets | 21/28 | €4,264,501 | €11,399,263 | +€7.1m | +167% |
| Financial fixed assets | 28 | €4,264,501 | €11,399,263 | +€7.1m | +167% |
| Current assets | 29/58 | €228,578 | €558,067 | +€329,490 | +144% |
| Amounts receivable within one year | 40/41 | €176,687 | €515,855 | +€339,169 | +192% |
| Trade receivables | 40 | €1,337 | €114,406 | +€113,069 | +8,458% |
| Other amounts receivable | 41 | €175,350 | €401,449 | +€226,099 | +129% |
| Cash at bank and in hand | 54/58 | €50,064 | €39,498 | -€10,566 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,827 | €2,714 | +€887 | +48.5% |
| Total equity and liabilities | 10/49 | €4,493,078 | €11,957,330 | +€7.5m | +166% |
| Equity | 10/15 | -€29,597 | €1,152,327 | +€1.2m | |
| Contributions | 10/11 | €5,000 | €125,000 | +€120,000 | +2,400% |
| Reserves | 13 | - | €1,027,327 | +€1.0m | |
| Distributable reserves | 133 | - | €1,027,327 | +€1.0m | |
| Profit (loss) carried forward | 14 | -€34,597 | - | +€34,597 | |
| Amounts payable | 17/49 | €4,522,675 | €10,805,004 | +€6.3m | +139% |
| Amounts payable after more than one year | 17 | €2,792,627 | €4,792,193 | +€2.0m | +71.6% |
| Financial debts | 170/4 | €2,792,627 | €4,792,193 | +€2.0m | +71.6% |
| Amounts payable within one year | 42/48 | €1,726,407 | €5,937,356 | +€4.2m | +244% |
| Current portion of amounts payable after more than one year | 42 | €190,178 | €365,221 | +€175,043 | +92.0% |
| Financial debts | 43 | - | €3,800,000 | +€3.8m | |
| Credit institutions | 430/8 | - | €3,800,000 | +€3.8m | |
| Trade debts | 44 | €2,471 | €70,957 | +€68,486 | +2,772% |
| Suppliers | 440/4 | €2,471 | €70,957 | +€68,486 | +2,772% |
| Taxes, remuneration and social security | 45 | €3,259 | €28,100 | +€24,841 | +762% |
| Taxes | 450/3 | €3,259 | €28,100 | +€24,841 | +762% |
| Other amounts payable | 47/48 | €1,530,500 | €1,673,078 | +€142,578 | +9.3% |
| Accrued charges and deferred income | 492/3 | €3,641 | €75,455 | +€71,814 | +1,972% |
| Other operating charges | 640/8 | €462 | €998 | +€536 | +116% |
| Gross operating margin | 9900 | €20,679 | €197,984 | +€177,305 | +857% |
| Operating profit (loss) | 9901 | €20,217 | €196,986 | +€176,769 | +874% |
| Financial income | 75/76B | - | €1,085,538 | +€1.1m | |
| Recurring financial income | 75 | - | €1,085,538 | +€1.1m | |
| Financial charges | 65/66B | €35,116 | €220,600 | +€185,484 | +528% |
| Recurring financial charges | 65 | €35,116 | €220,600 | +€185,484 | +528% |
| Profit (loss) for the period before taxes | 9903 | -€14,899 | €1,061,924 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€14,899 | €1,061,924 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,899 | €1,061,924 | +€1.1m |
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 20 October 2026 via checked.be.