ALIZE PROTEA: 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.
ALIZE PROTEA
Largest movements
- Tangible fixed assets +€27,522
up €27,522 (+394.5%), from €6,976 to €34,499
- Receivables within one year +€7,583
up €7,583 (+1085.6%), from €699 to €8,282
of which Trade receivables: +€5,030
- Deferred charges and accrued income +€2,069
up €2,069 (+152.2%), from €1,360 to €3,429
- Stocks and contracts +€1,908
up €1,908 (+6.6%), from €28,851 to €30,758
- Cash -€1,112
down €1,112 (-10.6%), from €10,512 to €9,400
mainly Investment in fixed assets (net) (-€28,641) and Receivables within one year (-€7,583)
- Debts after one year +€12,552
new in 2025: €12,552
- Other debts +€12,526
up €12,526 (+264.1%), from €4,743 to €17,269
- Trade debts +€12,397
up €12,397 (+152.4%), from €8,135 to €20,532
- Current portion of long-term debt +€3,836
new in 2025: €3,836
- Accrued charges and deferred income -€2,768
no longer reported in 2025 (was €2,768)
- Gross operating margin -€30,050
down €30,050 (-70.5%), from €42,594 to €12,544
- Staff costs -€11,582
down €11,582 (-52.5%), from €22,059 to €10,476
- Financial income +€6,208
up €6,208 (+30684.6%), from €20 to €6,228
- Depreciation -€3,910
down €3,910 (-77.8%), from €5,028 to €1,118
- Financial charges -€2,541
down €2,541 (-68.8%), from €3,691 to €1,150
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 | €48,397 | €86,368 | +€37,970 | +78.5% |
| Fixed assets | 21/28 | €6,976 | €34,499 | +€27,522 | +394.5% |
| Tangible fixed assets | 22/27 | €6,976 | €34,499 | +€27,522 | +394.5% |
| Furniture and vehicles | 24 | €6,976 | €34,499 | +€27,522 | +394.5% |
| Current assets | 29/58 | €41,421 | €51,869 | +€10,448 | +25.2% |
| Stocks and contracts in progress | 3 | €28,851 | €30,758 | +€1,908 | +6.6% |
| Stocks | 30/36 | €28,851 | €30,758 | +€1,908 | +6.6% |
| Amounts receivable within one year | 40/41 | €699 | €8,282 | +€7,583 | +1085.6% |
| Trade receivables | 40 | €699 | €5,729 | +€5,030 | +720.1% |
| Other amounts receivable | 41 | - | €2,553 | +€2,553 | |
| Cash at bank and in hand | 54/58 | €10,512 | €9,400 | -€1,112 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,360 | €3,429 | +€2,069 | +152.2% |
| Total equity and liabilities | 10/49 | €48,397 | €86,368 | +€37,970 | +78.5% |
| Equity | 10/15 | €22,036 | €23,717 | +€1,681 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,036 | €3,717 | +€1,681 | +82.6% |
| Amounts payable | 17/49 | €26,361 | €62,650 | +€36,289 | +137.7% |
| Amounts payable after more than one year | 17 | - | €12,552 | +€12,552 | |
| Financial debts | 170/4 | - | €12,552 | +€12,552 | |
| Amounts payable within one year | 42/48 | €23,593 | €50,098 | +€26,505 | +112.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,836 | +€3,836 | |
| Trade debts | 44 | €8,135 | €20,532 | +€12,397 | +152.4% |
| Suppliers | 440/4 | €8,135 | €20,532 | +€12,397 | +152.4% |
| Taxes, remuneration and social security | 45 | €10,715 | €8,461 | -€2,254 | -21.0% |
| Taxes | 450/3 | €5,320 | €5,219 | -€101 | -1.9% |
| Remuneration and social security | 454/9 | €5,396 | €3,243 | -€2,153 | -39.9% |
| Other amounts payable | 47/48 | €4,743 | €17,269 | +€12,526 | +264.1% |
| Accrued charges and deferred income | 492/3 | €2,768 | - | -€2,768 | |
| Remuneration, social security and pensions | 62 | €22,059 | €10,476 | -€11,582 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,028 | €1,118 | -€3,910 | -77.8% |
| Other operating charges | 640/8 | €1,403 | €3,280 | +€1,877 | +133.8% |
| Gross operating margin | 9900 | €42,594 | €12,544 | -€30,050 | -70.5% |
| Operating profit (loss) | 9901 | €14,105 | -€2,330 | -€16,435 | |
| Financial income | 75/76B | €20 | €6,228 | +€6,208 | +30684.6% |
| Recurring financial income | 75 | €20 | €6,228 | +€6,208 | +30684.6% |
| Financial charges | 65/66B | €3,691 | €1,150 | -€2,541 | -68.8% |
| Recurring financial charges | 65 | €3,691 | €1,150 | -€2,541 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €10,434 | €2,748 | -€7,687 | -73.7% |
| Income taxes | 67/77 | €2,638 | €1,066 | -€1,572 | -59.6% |
| Profit (loss) for the period | 9904 | €7,797 | €1,681 | -€6,115 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,797 | €1,681 | -€6,115 | -78.4% |
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 29 September 2026 via checked.be.