ALIENOR: 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.
ALIENOR
Largest movements
- Cash -€8,293
down €8,293 (-89.8%), from €9,238 to €945
mainly Other debts (-€8,937) and Debts after one year (-€7,225)
- Tangible fixed assets -€7,060
down €7,060 (-8.4%), from €84,257 to €77,196
of which Land and buildings: -€7,060
- Receivables within one year -€1,710
down €1,710 (-29.2%), from €5,863 to €4,153
of which Trade receivables: -€3,241
- Other debts -€8,937
down €8,937 (-33.8%), from €26,403 to €17,466
- Debts after one year -€7,225
down €7,225 (-12.7%), from €56,987 to €49,762
of which Financial debts: -€7,225
- Taxes +€2,625
up €2,625 (+699%), from €375 to €3,000
- Financial charges +€1,537
up €1,537 (+238%), from €646 to €2,183
- Gross operating margin -€1,401
down €1,401 (-9.9%), from €14,086 to €12,685
- Other operating charges -€976
down €976 (-39.2%), from €2,492 to €1,516
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 | €122,195 | €105,167 | -€17,028 | -13.9% |
| Fixed assets | 21/28 | €89,357 | €82,886 | -€6,471 | -7.2% |
| Tangible fixed assets | 22/27 | €84,257 | €77,196 | -€7,060 | -8.4% |
| Land and buildings | 22 | €84,257 | €77,196 | -€7,060 | -8.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,100 | €5,690 | +€590 | +11.6% |
| Current assets | 29/58 | €32,838 | €22,281 | -€10,557 | -32.1% |
| Amounts receivable within one year | 40/41 | €5,863 | €4,153 | -€1,710 | -29.2% |
| Trade receivables | 40 | €5,273 | €2,032 | -€3,241 | -61.5% |
| Other amounts receivable | 41 | €590 | €2,121 | +€1,531 | +260% |
| Current investments | 50/53 | €14,572 | €14,601 | +€29 | +0.2% |
| Cash at bank and in hand | 54/58 | €9,238 | €945 | -€8,293 | -89.8% |
| Deferred charges and accrued income | 490/1 | €3,165 | €2,582 | -€583 | -18.4% |
| Total equity and liabilities | 10/49 | €122,195 | €105,167 | -€17,028 | -13.9% |
| Equity | 10/15 | €28,995 | €27,985 | -€1,010 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,998 | €35,998 | = | 0.0% |
| Distributable reserves | 133 | €35,998 | €35,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,202 | -€14,213 | -€1,010 | -7.7% |
| Amounts payable | 17/49 | €93,199 | €77,181 | -€16,018 | -17.2% |
| Amounts payable after more than one year | 17 | €56,987 | €49,762 | -€7,225 | -12.7% |
| Financial debts | 170/4 | €56,587 | €49,362 | -€7,225 | -12.8% |
| Other amounts payable | 178/9 | €400 | €400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,212 | €27,419 | -€8,792 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €6,890 | €7,225 | +€336 | +4.9% |
| Trade debts | 44 | €1,537 | €2,103 | +€566 | +36.8% |
| Suppliers | 440/4 | €1,537 | €2,103 | +€566 | +36.8% |
| Taxes, remuneration and social security | 45 | €1,382 | €625 | -€757 | -54.7% |
| Taxes | 450/3 | €1,382 | €625 | -€757 | -54.7% |
| Other amounts payable | 47/48 | €26,403 | €17,466 | -€8,937 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,060 | €7,060 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,492 | €1,516 | -€976 | -39.2% |
| Gross operating margin | 9900 | €14,086 | €12,685 | -€1,401 | -9.9% |
| Operating profit (loss) | 9901 | €4,534 | €4,109 | -€425 | -9.4% |
| Financial income | 75/76B | €115 | €63 | -€52 | -44.9% |
| Recurring financial income | 75 | €115 | €63 | -€52 | -44.9% |
| Financial charges | 65/66B | €646 | €2,183 | +€1,537 | +238% |
| Recurring financial charges | 65 | €646 | €2,183 | +€1,537 | +238% |
| Profit (loss) for the period before taxes | 9903 | €4,004 | €1,990 | -€2,014 | -50.3% |
| Income taxes | 67/77 | €375 | €3,000 | +€2,625 | +699% |
| Profit (loss) for the period | 9904 | €3,628 | -€1,010 | -€4,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,628 | -€1,010 | -€4,638 |
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 26 October 2026 via checked.be.