ALIREC: 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.
ALIREC
Largest movements
- Financial fixed assets +€4.3m
up €4.3m (+9.7%), from €43.8m to €48.1m
- Contributions +€4.6m
up €4.6m (+10.3%), from €44.4m to €49.0m
- Purchases and services -€298,951
no longer reported in 2025 (was €298,951)
- Gross operating margin -€54,580
down €54,580 (-18.3%), from -€298,951 to -€353,531
- Depreciation +€5,391
up €5,391 (+818.4%), from €659 to €6,050
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 | €43,938,398 | €48,548,420 | +€4.6m | +10.5% |
| Fixed assets | 21/28 | €43,872,033 | €48,115,983 | +€4.2m | +9.7% |
| Intangible fixed assets | 21 | €29,591 | €23,541 | -€6,050 | -20.4% |
| Financial fixed assets | 28 | €43,842,441 | €48,092,441 | +€4.3m | +9.7% |
| Current assets | 29/58 | €66,366 | €432,438 | +€366,072 | +551.6% |
| Amounts receivable within one year | 40/41 | €0 | €110 | +€110 | |
| Trade receivables | 40 | - | €110 | +€110 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €65,539 | €429,636 | +€364,097 | +555.5% |
| Deferred charges and accrued income | 490/1 | €826 | €2,692 | +€1,865 | +225.7% |
| Total equity and liabilities | 10/49 | €43,938,398 | €48,548,420 | +€4.6m | +10.5% |
| Equity | 10/15 | €43,833,074 | €48,052,628 | +€4.2m | +9.6% |
| Contributions | 10/11 | €44,435,865 | €49,017,330 | +€4.6m | +10.3% |
| Profit (loss) carried forward | 14 | -€602,791 | -€964,702 | -€361,910 | -60.0% |
| Amounts payable | 17/49 | €105,325 | €495,792 | +€390,467 | +370.7% |
| Amounts payable within one year | 42/48 | €105,325 | €495,792 | +€390,467 | +370.7% |
| Trade debts | 44 | €54,996 | €45,400 | -€9,597 | -17.4% |
| Suppliers | 440/4 | €54,996 | €45,400 | -€9,597 | -17.4% |
| Taxes, remuneration and social security | 45 | €344 | €501 | +€157 | +45.8% |
| Taxes | 450/3 | €344 | €501 | +€157 | +45.8% |
| Other amounts payable | 47/48 | €49,985 | €449,891 | +€399,906 | +800.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €298,951 | - | -€298,951 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €6,050 | +€5,391 | +818.4% |
| Other operating charges | 640/8 | €1,394 | €1,276 | -€117 | -8.4% |
| Gross operating margin | 9900 | -€298,951 | -€353,531 | -€54,580 | -18.3% |
| Operating profit (loss) | 9901 | -€301,003 | -€360,857 | -€59,855 | -19.9% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €256 | €562 | +€306 | +119.2% |
| Recurring financial charges | 65 | €256 | €562 | +€306 | +119.2% |
| Profit (loss) for the period before taxes | 9903 | -€301,259 | -€361,409 | -€60,150 | -20.0% |
| Income taxes | 67/77 | €1,844 | €501 | -€1,343 | -72.8% |
| Profit (loss) for the period | 9904 | -€303,103 | -€361,910 | -€58,807 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€303,103 | -€361,910 | -€58,807 | -19.4% |
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 5 October 2026 via checked.be.