AliénorEU: 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.
AliénorEU
Largest movements
- Receivables within one year +€371,666
up €371,666 (+189%), from €196,676 to €568,341
of which Trade receivables: +€194,364
- Cash +€145,950
up €145,950 (+56.9%), from €256,375 to €402,325
mainly Net result for the year (+€247,622) and Accrued charges and deferred income (+€167,348)
- Tangible fixed assets -€49,498
down €49,498 (-5.1%), from €966,449 to €916,951
of which Land and buildings: -€36,062
- Current investments -€45,803
down €45,803 (-100%), from €45,803 to €0
- Accrued charges and deferred income +€167,348
up €167,348 (+139%), from €120,608 to €287,956
- Current portion of long-term debt +€114,301
up €114,301 (+63.6%), from €179,787 to €294,088
- Other debts +€105,675
up €105,675 (+232%), from €45,542 to €151,217
- Reserves +€97,622
up €97,622 (+60.5%), from €161,447 to €259,069
- Debts after one year -€80,720
down €80,720 (-12.4%), from €651,623 to €570,904
of which Financial debts: -€80,720
- Provisions -€90,932
down €90,932, from €53,376 to -€37,556
- Staff costs +€83,035
up €83,035 (+19.0%), from €438,024 to €521,059
- Financial charges +€66,767
up €66,767 (+65.8%), from €101,408 to €168,174
- Taxes -€31,815
down €31,815 (-27.2%), from €117,078 to €85,264
- Gross operating margin +€17,202
up €17,202 (+1.6%), from €1.1m to €1.1m
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 | €1,470,621 | €1,907,597 | +€436,976 | +29.7% |
| Fixed assets | 21/28 | €966,449 | €916,951 | -€49,498 | -5.1% |
| Tangible fixed assets | 22/27 | €966,449 | €916,951 | -€49,498 | -5.1% |
| Land and buildings | 22 | €852,856 | €816,794 | -€36,062 | -4.2% |
| Plant, machinery and equipment | 23 | €81,482 | €70,934 | -€10,549 | -12.9% |
| Furniture and vehicles | 24 | €32,110 | €29,224 | -€2,886 | -9.0% |
| Current assets | 29/58 | €504,172 | €990,646 | +€486,474 | +96.5% |
| Amounts receivable within one year | 40/41 | €196,676 | €568,341 | +€371,666 | +189% |
| Trade receivables | 40 | €194,368 | €388,732 | +€194,364 | +100.0% |
| Other amounts receivable | 41 | €2,308 | €179,610 | +€177,302 | +7,683% |
| Current investments | 50/53 | €45,803 | €0 | -€45,803 | -100% |
| Cash at bank and in hand | 54/58 | €256,375 | €402,325 | +€145,950 | +56.9% |
| Deferred charges and accrued income | 490/1 | €5,318 | €19,980 | +€14,662 | +276% |
| Total equity and liabilities | 10/49 | €1,470,621 | €1,907,597 | +€436,976 | +29.7% |
| Equity | 10/15 | €181,907 | €279,529 | +€97,622 | +53.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €161,447 | €259,069 | +€97,622 | +60.5% |
| Distributable reserves | 133 | €161,447 | €259,069 | +€97,622 | +60.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €155,201 | €117,645 | -€37,556 | -24.2% |
| Provisions for liabilities and charges | 160/5 | €155,201 | €117,645 | -€37,556 | -24.2% |
| Other liabilities and charges | 164/5 | €155,201 | €117,645 | -€37,556 | -24.2% |
| Amounts payable | 17/49 | €1,133,513 | €1,510,423 | +€376,910 | +33.3% |
| Amounts payable after more than one year | 17 | €651,623 | €570,904 | -€80,720 | -12.4% |
| Financial debts | 170/4 | €651,494 | €570,775 | -€80,720 | -12.4% |
| Other amounts payable | 178/9 | €129 | €129 | = | 0.0% |
| Amounts payable within one year | 42/48 | €361,281 | €651,563 | +€290,282 | +80.3% |
| Current portion of amounts payable after more than one year | 42 | €179,787 | €294,088 | +€114,301 | +63.6% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €23,168 | €79,929 | +€56,761 | +245% |
| Suppliers | 440/4 | €23,168 | €79,929 | +€56,761 | +245% |
| Taxes, remuneration and social security | 45 | €112,783 | €126,273 | +€13,489 | +12.0% |
| Taxes | 450/3 | €69,782 | €76,257 | +€6,475 | +9.3% |
| Remuneration and social security | 454/9 | €43,002 | €50,016 | +€7,014 | +16.3% |
| Other amounts payable | 47/48 | €45,542 | €151,217 | +€105,675 | +232% |
| Accrued charges and deferred income | 492/3 | €120,608 | €287,956 | +€167,348 | +139% |
| Remuneration, social security and pensions | 62 | €438,024 | €521,059 | +€83,035 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,774 | €70,846 | -€7,928 | -10.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €53,376 | -€37,556 | -€90,932 | |
| Other operating charges | 640/8 | €21,301 | €23,416 | +€2,115 | +9.9% |
| Gross operating margin | 9900 | €1,060,132 | €1,077,335 | +€17,202 | +1.6% |
| Operating profit (loss) | 9901 | €468,657 | €499,570 | +€30,913 | +6.6% |
| Financial income | 75/76B | €464 | €1,490 | +€1,026 | +221% |
| Recurring financial income | 75 | €464 | €1,490 | +€1,026 | +221% |
| Financial charges | 65/66B | €101,408 | €168,174 | +€66,767 | +65.8% |
| Recurring financial charges | 65 | €101,408 | €168,174 | +€66,767 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | €367,713 | €332,886 | -€34,828 | -9.5% |
| Income taxes | 67/77 | €117,078 | €85,264 | -€31,815 | -27.2% |
| Profit (loss) for the period | 9904 | €250,635 | €247,622 | -€3,013 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €250,635 | €247,622 | -€3,013 | -1.2% |
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.