ALIGOR: what changed
Two fiscal 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.
ALIGOR
Largest movements
- Cash -€9,045
down €9,045 (-18.2%), from €49,697 to €40,652
mainly Other debts (-€10,451) and Net result for the year (-€8,644)
- Tangible fixed assets -€7,121
down €7,121 (-7.5%), from €95,385 to €88,264
- Other debts -€10,451
down €10,451 (-36.0%), from €29,065 to €18,614
- Profit (loss) carried forward -€8,644
down €8,644 (-15.3%), from -€56,346 to -€64,990
- Trade debts +€1,707
up €1,707 (+91.0%), from €1,876 to €3,583
- Depreciation -€3,977
down €3,977 (-38.9%), from €10,233 to €6,255
- Purchases and services +€2,056
up €2,056 (+16.9%), from €12,133 to €14,189
- Gross operating margin +€1,078
up €1,078, from -€978 to €100
- Other operating charges +€151
up €151 (+7.2%), from €2,088 to €2,239
- Taxes -€37
down €37 (-49.5%), from €74 to €37
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.
Cash bridge derived
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 | €146,502 | €129,078 | -€17,424 | -11.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €95,625 | €88,264 | -€7,361 | -7.7% |
| Tangible fixed assets | 22/27 | €95,385 | €88,264 | -€7,121 | -7.5% |
| Land and buildings | 22 | €91,116 | €88,264 | -€2,852 | -3.1% |
| Plant, machinery and equipment | 23 | €2,480 | - | -€2,480 | |
| Furniture and vehicles | 24 | €1,790 | - | -€1,790 | |
| Financial fixed assets | 28 | €240 | - | -€240 | |
| Current assets | 29/58 | €50,877 | €40,814 | -€10,063 | -19.8% |
| Amounts receivable within one year | 40/41 | €215 | €41 | -€175 | -81.0% |
| Other amounts receivable | 41 | €215 | €41 | -€175 | -81.0% |
| Cash at bank and in hand | 54/58 | €49,697 | €40,652 | -€9,045 | -18.2% |
| Deferred charges and accrued income | 490/1 | €964 | €121 | -€843 | -87.4% |
| Total equity and liabilities | 10/49 | €146,502 | €129,078 | -€17,424 | -11.9% |
| Equity | 10/15 | €115,488 | €106,844 | -€8,644 | -7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,634 | €165,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €163,759 | €163,759 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,346 | -€64,990 | -€8,644 | -15.3% |
| Amounts payable | 17/49 | €31,015 | €22,235 | -€8,780 | -28.3% |
| Amounts payable within one year | 42/48 | €31,015 | €22,235 | -€8,780 | -28.3% |
| Trade debts | 44 | €1,876 | €3,583 | +€1,707 | +91.0% |
| Suppliers | 440/4 | €1,876 | €3,583 | +€1,707 | +91.0% |
| Taxes, remuneration and social security | 45 | €74 | €37 | -€37 | -49.5% |
| Taxes | 450/3 | €74 | €37 | -€37 | -49.5% |
| Other amounts payable | 47/48 | €29,065 | €18,614 | -€10,451 | -36.0% |
| Non-recurring operating income | 76A | €207 | - | -€207 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,133 | €14,189 | +€2,056 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,233 | €6,255 | -€3,977 | -38.9% |
| Other operating charges | 640/8 | €2,088 | €2,239 | +€151 | +7.2% |
| Gross operating margin | 9900 | -€978 | €100 | +€1,078 | |
| Operating profit (loss) | 9901 | -€13,298 | -€8,394 | +€4,904 | +36.9% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €185 | €212 | +€28 | +15.0% |
| Recurring financial charges | 65 | €185 | €212 | +€28 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,466 | -€8,607 | +€4,860 | +36.1% |
| Income taxes | 67/77 | €74 | €37 | -€37 | -49.5% |
| Profit (loss) for the period | 9904 | -€13,540 | -€8,644 | +€4,896 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,540 | -€8,644 | +€4,896 | +36.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.