ALIYAH: 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.
ALIYAH
Largest movements
- Receivables within one year -€20,125
down €20,125 (-98.7%), from €20,388 to €263
of which Trade receivables: -€13,016
- Deferred charges and accrued income -€7,023
no longer reported in 2025 (was €7,023)
- Tangible fixed assets -€6,766
down €6,766 (-33.8%), from €20,046 to €13,280
- Cash -€2,927
down €2,927 (-52.7%), from €5,556 to €2,630
mainly Trade debts (-€62,718) and Other debts (-€23,871)
- Stocks and contracts +€810
new in 2025: €810
- Trade debts -€62,718
no longer reported in 2025 (was €62,718)
- Profit (loss) carried forward +€54,517
up €54,517 (+94.9%), from -€57,452 to -€2,935
- Other debts -€23,871
down €23,871 (-69.4%), from €34,377 to €10,506
- Tax, wage and social debts -€3,958
down €3,958 (-23.0%), from €17,220 to €13,262
of which Taxes: -€3,924
- Gross operating margin +€64,590
up €64,590 (+955%), from €6,765 to €71,355
- Other operating charges -€15,821
down €15,821 (-80.4%), from €19,683 to €3,862
- Financial charges -€15,618
down €15,618 (-91.2%), from €17,117 to €1,499
- Taxes +€4,789
up €4,789, from €0 to €4,789
- Financial income -€3,713
down €3,713 (-97.9%), from €3,791 to €78
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 | €68,812 | €32,783 | -€36,030 | -52.4% |
| Fixed assets | 21/28 | €35,846 | €29,080 | -€6,766 | -18.9% |
| Tangible fixed assets | 22/27 | €20,046 | €13,280 | -€6,766 | -33.8% |
| Plant, machinery and equipment | 23 | €5,777 | €2,415 | -€3,362 | -58.2% |
| Furniture and vehicles | 24 | €4,021 | €2,267 | -€1,754 | -43.6% |
| Other tangible fixed assets | 26 | €10,247 | €8,598 | -€1,649 | -16.1% |
| Financial fixed assets | 28 | €15,800 | €15,800 | = | 0.0% |
| Current assets | 29/58 | €32,967 | €3,703 | -€29,264 | -88.8% |
| Stocks and contracts in progress | 3 | - | €810 | +€810 | |
| Stocks | 30/36 | - | €810 | +€810 | |
| Amounts receivable within one year | 40/41 | €20,388 | €263 | -€20,125 | -98.7% |
| Trade receivables | 40 | €13,279 | €263 | -€13,016 | -98.0% |
| Other amounts receivable | 41 | €7,109 | - | -€7,109 | |
| Cash at bank and in hand | 54/58 | €5,556 | €2,630 | -€2,927 | -52.7% |
| Deferred charges and accrued income | 490/1 | €7,023 | - | -€7,023 | |
| Total equity and liabilities | 10/49 | €68,812 | €32,783 | -€36,030 | -52.4% |
| Equity | 10/15 | -€45,502 | €9,015 | +€54,517 | |
| Contributions | 10/11 | €11,950 | €11,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,452 | -€2,935 | +€54,517 | +94.9% |
| Amounts payable | 17/49 | €114,314 | €23,768 | -€90,546 | -79.2% |
| Amounts payable within one year | 42/48 | €114,314 | €23,768 | -€90,546 | -79.2% |
| Trade debts | 44 | €62,718 | - | -€62,718 | |
| Suppliers | 440/4 | €62,718 | - | -€62,718 | |
| Taxes, remuneration and social security | 45 | €17,220 | €13,262 | -€3,958 | -23.0% |
| Taxes | 450/3 | €17,186 | €13,262 | -€3,924 | -22.8% |
| Remuneration and social security | 454/9 | €35 | - | -€35 | |
| Other amounts payable | 47/48 | €34,377 | €10,506 | -€23,871 | -69.4% |
| Remuneration, social security and pensions | 62 | €494 | - | -€494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,994 | €6,766 | +€771 | +12.9% |
| Other operating charges | 640/8 | €19,683 | €3,862 | -€15,821 | -80.4% |
| Gross operating margin | 9900 | €6,765 | €71,355 | +€64,590 | +955% |
| Operating profit (loss) | 9901 | -€19,406 | €60,727 | +€80,133 | |
| Financial income | 75/76B | €3,791 | €78 | -€3,713 | -97.9% |
| Recurring financial income | 75 | €3,791 | €78 | -€3,713 | -97.9% |
| Financial charges | 65/66B | €17,117 | €1,499 | -€15,618 | -91.2% |
| Recurring financial charges | 65 | €17,117 | €1,499 | -€15,618 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,733 | €59,306 | +€92,039 | |
| Income taxes | 67/77 | €0 | €4,789 | +€4,789 | |
| Profit (loss) for the period | 9904 | -€32,733 | €54,517 | +€87,249 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,733 | €54,517 | +€87,249 |
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 15 October 2026 via checked.be.