ALISTAR GROUP: 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.
What changed
ALISTAR GROUP
financial year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€254,818
31-12-2024 · -€1.2m+€1.5m
Equity
€51.7m
31-12-2024 · €47.5m+€4.3m
Cash
€1.3m
31-12-2024 · €118,832+€1.1m
Balance sheet total
€85.8m
31-12-2024 · €79.9m+€5.8m
Largest movements
Assets
- Financial fixed assets +€5.4m
up €5.4m (+6.9%), from €78.5m to €83.9m
- Cash +€1.1m
up €1.1m (+960.2%), from €118,832 to €1.3m
mainly Contributions, distributions and other (+€4.0m) and Other debts (+€2.0m)
Equity and liabilities
- Contributions +€4.0m
up €4.0m (+8.0%), from €50.1m to €54.1m
- Other debts +€2.0m
up €2.0m (+30.4%), from €6.7m to €8.7m
Income statement
- Financial income +€2.7m
up €2.7m (+338.8%), from €794,715 to €3.5m
- Financial charges +€1.2m
up €1.2m (+84.9%), from €1.4m to €2.5m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€1.2m
Other operating income
+€678,575
Services and other goods
-€438,138
Depreciation
-€22,405
Other operating charges
-€216,360
Other operating items
-€91,150
Financial income
+€2.7m
Financial charges
-€1.2m
Result 31-12-2025
€254,818
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.4m
Investment
-€5.4m
Financing
+€3.2m
Cash 31-12-2024
€118,832
From operations (derived)
+€3.4m
Net result for the year
+€254,818
Depreciation
+€32,288
Receivables within one year
+€742,308
Deferred charges and accrued income
-€16,686
Trade debts
+€29,969
Other debts
+€2.0m
Accrued charges and deferred income
+€301,187
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€3.2m
Debts after one year
-€634,785
Current portion of long-term debt
-€158,380
Contributions, distributions and other
+€4.0m
Cash 31-12-2025
€1.3m
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,934,777 | €85,766,411 | +€5.8m | +7.3% |
| Fixed assets | 21/28 | €78,639,887 | €84,056,098 | +€5.4m | +6.9% |
| Intangible fixed assets | 21 | €124,058 | €118,253 | -€5,805 | -4.7% |
| Tangible fixed assets | 22/27 | - | €38,989 | +€38,989 | |
| Furniture and vehicles | 24 | - | €38,989 | +€38,989 | |
| Financial fixed assets | 28 | €78,515,829 | €83,898,857 | +€5.4m | +6.9% |
| Affiliated companies | 280/1 | €78,515,829 | €83,898,857 | +€5.4m | +6.9% |
| Participating interests | 280 | €57,105,000 | €57,105,000 | = | 0.0% |
| Amounts receivable | 281 | €21,410,829 | €26,793,857 | +€5.4m | +25.1% |
| Current assets | 29/58 | €1,294,890 | €1,710,313 | +€415,423 | +32.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,174,424 | €432,115 | -€742,308 | -63.2% |
| Trade receivables | 40 | €341,989 | €411,208 | +€69,219 | +20.2% |
| Other amounts receivable | 41 | €832,435 | €20,907 | -€811,528 | -97.5% |
| Cash at bank and in hand | 54/58 | €118,832 | €1,259,877 | +€1.1m | +960.2% |
| Deferred charges and accrued income | 490/1 | €1,635 | €18,321 | +€16,686 | +1020.8% |
| Total equity and liabilities | 10/49 | €79,934,777 | €85,766,411 | +€5.8m | +7.3% |
| Equity | 10/15 | €47,453,153 | €51,707,971 | +€4.3m | +9.0% |
| Contributions | 10/11 | €50,102,534 | €54,102,534 | +€4.0m | +8.0% |
| Profit (loss) carried forward | 14 | -€2,649,381 | -€2,394,563 | +€254,818 | +9.6% |
| Amounts payable | 17/49 | €32,481,625 | €34,058,441 | +€1.6m | +4.9% |
| Amounts payable after more than one year | 17 | €23,283,629 | €22,648,844 | -€634,785 | -2.7% |
| Financial debts | 170/4 | €23,283,629 | €22,648,844 | -€634,785 | -2.7% |
| Credit institutions | 173 | €19,973,016 | €19,180,735 | -€792,281 | -4.0% |
| Other loans | 174 | €3,310,613 | €3,468,109 | +€157,496 | +4.8% |
| Amounts payable within one year | 42/48 | €8,998,328 | €10,908,742 | +€1.9m | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €1,901,323 | €1,742,942 | -€158,380 | -8.3% |
| Trade debts | 44 | €398,587 | €428,557 | +€29,969 | +7.5% |
| Suppliers | 440/4 | €398,587 | €428,557 | +€29,969 | +7.5% |
| Other amounts payable | 47/48 | €6,698,418 | €8,737,243 | +€2.0m | +30.4% |
| Accrued charges and deferred income | 492/3 | €199,668 | €500,855 | +€301,187 | +150.8% |
| Operating income | 70/76A | €1,228,821 | €1,907,396 | +€678,575 | +55.2% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €1,228,821 | €1,907,396 | +€678,575 | +55.2% |
| Operating charges | 60/66A | €1,866,506 | €2,634,559 | +€768,053 | +41.1% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €1,839,125 | €2,277,263 | +€438,138 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,883 | €32,288 | +€22,405 | +226.7% |
| Other operating charges | 640/8 | €832 | €217,192 | +€216,360 | +26005.7% |
| Non-recurring operating charges | 66A | €16,667 | €107,817 | +€91,150 | +546.9% |
| Operating profit (loss) | 9901 | -€637,685 | -€727,164 | -€89,478 | -14.0% |
| Financial income | 75/76B | €794,715 | €3,487,579 | +€2.7m | +338.8% |
| Recurring financial income | 75 | €794,715 | €3,487,579 | +€2.7m | +338.8% |
| Income from financial fixed assets | 750 | - | €3,480,654 | +€3.5m | |
| Income from current assets | 751 | €794,715 | €6,732 | -€787,984 | -99.2% |
| Other financial income | 752/9 | €0 | €193 | +€193 | |
| Financial charges | 65/66B | €1,355,212 | €2,505,597 | +€1.2m | +84.9% |
| Recurring financial charges | 65 | €1,355,212 | €2,505,597 | +€1.2m | +84.9% |
| Debt charges | 650 | €1,305,170 | €1,977,026 | +€671,855 | +51.5% |
| Other financial charges | 652/9 | €50,042 | €528,572 | +€478,529 | +956.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,198,182 | €254,818 | +€1.5m | |
| Profit (loss) for the period | 9904 | -€1,198,182 | €254,818 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,198,182 | €254,818 | +€1.5m |
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 11 October 2026 via checked.be.