ALIDES BOULEVARD: 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.
ALIDES BOULEVARD
Largest movements
- Stocks and contracts -€211,759
down €211,759 (-13.7%), from €1.5m to €1.3m
- Deferred charges and accrued income -€55,501
down €55,501 (-100%), from €55,501 to €0
- Short-term financial debts +€606,250
up €606,250 (+102%), from €592,000 to €1.2m
- Profit (loss) carried forward -€578,187
down €578,187 (-82.7%), from €698,953 to €120,765
- Reserves -€264,482
down €264,482 (-83.7%), from €315,889 to €51,407
- Contributions -€16,611
down €16,611 (-83.7%), from €19,840 to €3,229
- Gross operating margin -€14,943
down €14,943 (-18.2%), from €82,013 to €67,070
- Financial charges +€10,048
up €10,048 (+1,519%), from €661 to €10,710
of which Non-recurring financial charges: +€10,500
- Other operating charges +€4,284
up €4,284 (+12.0%), from €35,766 to €40,050
- Taxes +€2,497
new in 2025: €2,497
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 | €1,655,304 | €1,386,785 | -€268,518 | -16.2% |
| Current assets | 29/58 | €1,655,304 | €1,386,785 | -€268,518 | -16.2% |
| Stocks and contracts in progress | 3 | €1,548,909 | €1,337,151 | -€211,759 | -13.7% |
| Contracts in progress | 37 | €1,548,909 | €1,337,151 | -€211,759 | -13.7% |
| Amounts receivable within one year | 40/41 | €9,345 | €8,076 | -€1,269 | -13.6% |
| Trade receivables | 40 | €9,241 | €512 | -€8,729 | -94.5% |
| Other amounts receivable | 41 | €103 | €7,564 | +€7,461 | +7,233% |
| Cash at bank and in hand | 54/58 | €41,549 | €41,559 | +€10 | 0.0% |
| Deferred charges and accrued income | 490/1 | €55,501 | €0 | -€55,501 | -100% |
| Total equity and liabilities | 10/49 | €1,655,304 | €1,386,785 | -€268,518 | -16.2% |
| Equity | 10/15 | €1,034,681 | €175,401 | -€859,281 | -83.0% |
| Contributions | 10/11 | €19,840 | €3,229 | -€16,611 | -83.7% |
| Reserves | 13 | €315,889 | €51,407 | -€264,482 | -83.7% |
| Distributable reserves | 133 | €315,889 | €51,407 | -€264,482 | -83.7% |
| Profit (loss) carried forward | 14 | €698,953 | €120,765 | -€578,187 | -82.7% |
| Amounts payable | 17/49 | €620,622 | €1,211,385 | +€590,762 | +95.2% |
| Amounts payable after more than one year | 17 | €2,850 | - | -€2,850 | |
| Other amounts payable | 178/9 | €2,850 | - | -€2,850 | |
| Amounts payable within one year | 42/48 | €617,766 | €1,211,385 | +€593,619 | +96.1% |
| Financial debts | 43 | €592,000 | €1,198,250 | +€606,250 | +102% |
| Other loans | 439 | €592,000 | €1,198,250 | +€606,250 | +102% |
| Trade debts | 44 | €24,292 | €10,769 | -€13,523 | -55.7% |
| Suppliers | 440/4 | €24,292 | €10,769 | -€13,523 | -55.7% |
| Taxes, remuneration and social security | 45 | €1,474 | €2,366 | +€892 | +60.5% |
| Taxes | 450/3 | €1,474 | €2,366 | +€892 | +60.5% |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Other operating charges | 640/8 | €35,766 | €40,050 | +€4,284 | +12.0% |
| Gross operating margin | 9900 | €82,013 | €67,070 | -€14,943 | -18.2% |
| Operating profit (loss) | 9901 | €46,247 | €27,020 | -€19,227 | -41.6% |
| Financial income | 75/76B | €219 | €220 | +€1 | +0.4% |
| Recurring financial income | 75 | €219 | €220 | +€1 | +0.4% |
| Financial charges | 65/66B | €661 | €10,710 | +€10,048 | +1,519% |
| Recurring financial charges | 65 | €661 | €210 | -€452 | -68.3% |
| Non-recurring financial charges | 66B | - | €10,500 | +€10,500 | |
| Profit (loss) for the period before taxes | 9903 | €45,805 | €16,530 | -€29,275 | -63.9% |
| Income taxes | 67/77 | - | €2,497 | +€2,497 | |
| Profit (loss) for the period | 9904 | €45,805 | €14,033 | -€31,772 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,805 | €14,033 | -€31,772 | -69.4% |
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 18 October 2026 via checked.be.