ALIZEE INTERNATIONAL: 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.
ALIZEE INTERNATIONAL
Largest movements
- Current investments +€28.2m
up €28.2m (+57.4%), from €49.1m to €77.3m
- Cash -€3.4m
down €3.4m (-64.9%), from €5.2m to €1.8m
mainly Current investments (-€28.2m) and Contributions, distributions and other (-€6.0m)
- Financial fixed assets -€917,239
down €917,239 (-19.2%), from €4.8m to €3.8m
- Profit (loss) carried forward +€22.3m
up €22.3m (+168%), from €13.3m to €35.6m
- Other debts +€5.3m
up €5.3m (+35.7%), from €14.8m to €20.1m
- Contributions -€4.1m
down €4.1m (-13.6%), from €30.3m to €26.2m
- Financial income +€18.0m
up €18.0m (+231%), from €7.8m to €25.8m
of which Non-recurring financial income: +€22.9m
- Financial charges +€1.1m
up €1.1m (+197%), from €582,153 to €1.7m
- Taxes -€746,722
down €746,722 (-89.7%), from €832,353 to €85,630
- Gross operating margin -€346,124
down €346,124 (-567%), from -€61,073 to -€407,197
- Other operating charges -€8,216
down €8,216 (-7.2%), from €114,228 to €106,012
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 | €59,255,502 | €83,671,594 | +€24.4m | +41.2% |
| Fixed assets | 21/28 | €4,766,282 | €3,987,288 | -€778,994 | -16.3% |
| Tangible fixed assets | 22/27 | - | €138,245 | +€138,245 | |
| Other tangible fixed assets | 26 | - | €138,245 | +€138,245 | |
| Financial fixed assets | 28 | €4,766,282 | €3,849,043 | -€917,239 | -19.2% |
| Current assets | 29/58 | €54,489,220 | €79,684,306 | +€25.2m | +46.2% |
| Amounts receivable within one year | 40/41 | €85,989 | €429,681 | +€343,692 | +400% |
| Trade receivables | 40 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 41 | €85,989 | €329,681 | +€243,692 | +283% |
| Current investments | 50/53 | €49,108,286 | €77,310,777 | +€28.2m | +57.4% |
| Cash at bank and in hand | 54/58 | €5,181,902 | €1,820,291 | -€3.4m | -64.9% |
| Deferred charges and accrued income | 490/1 | €113,043 | €123,556 | +€10,514 | +9.3% |
| Total equity and liabilities | 10/49 | €59,255,502 | €83,671,594 | +€24.4m | +41.2% |
| Equity | 10/15 | €44,248,792 | €61,760,028 | +€17.5m | +39.6% |
| Contributions | 10/11 | €30,296,100 | €26,188,020 | -€4.1m | -13.6% |
| Reserves | 13 | €657,549 | - | -€657,549 | |
| Non-distributable reserves | 130/1 | €657,549 | - | -€657,549 | |
| Reserves not available under the articles | 1311 | €657,549 | - | -€657,549 | |
| Profit (loss) carried forward | 14 | €13,295,143 | €35,572,008 | +€22.3m | +168% |
| Amounts payable | 17/49 | €15,006,711 | €21,911,566 | +€6.9m | +46.0% |
| Amounts payable after more than one year | 17 | - | €669,921 | +€669,921 | |
| Other amounts payable | 178/9 | - | €669,921 | +€669,921 | |
| Amounts payable within one year | 42/48 | €15,006,711 | €20,718,404 | +€5.7m | +38.1% |
| Trade debts | 44 | - | €102,305 | +€102,305 | |
| Suppliers | 440/4 | - | €102,305 | +€102,305 | |
| Taxes, remuneration and social security | 45 | €231,696 | €565,819 | +€334,124 | +144% |
| Taxes | 450/3 | €231,696 | €530,819 | +€299,124 | +129% |
| Remuneration and social security | 454/9 | - | €35,000 | +€35,000 | |
| Other amounts payable | 47/48 | €14,775,015 | €20,050,279 | +€5.3m | +35.7% |
| Accrued charges and deferred income | 492/3 | €0 | €523,241 | +€523,241 | |
| Other operating charges | 640/8 | €114,228 | €106,012 | -€8,216 | -7.2% |
| Non-recurring operating charges | 66A | €99,478 | - | -€99,478 | |
| Gross operating margin | 9900 | -€61,073 | -€407,197 | -€346,124 | -567% |
| Operating profit (loss) | 9901 | -€274,779 | -€513,209 | -€238,430 | -86.8% |
| Financial income | 75/76B | €7,801,942 | €25,841,379 | +€18.0m | +231% |
| Recurring financial income | 75 | €7,801,942 | €2,958,892 | -€4.8m | -62.1% |
| Non-recurring financial income | 76B | - | €22,882,487 | +€22.9m | |
| Financial charges | 65/66B | €582,153 | €1,731,271 | +€1.1m | +197% |
| Recurring financial charges | 65 | €582,153 | €1,731,271 | +€1.1m | +197% |
| Profit (loss) for the period before taxes | 9903 | €6,945,010 | €23,596,899 | +€16.7m | +240% |
| Income taxes | 67/77 | €832,353 | €85,630 | -€746,722 | -89.7% |
| Profit (loss) for the period | 9904 | €6,112,657 | €23,511,269 | +€17.4m | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €6,112,657 | €23,511,269 | +€17.4m | +285% |
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 29 October 2026 via checked.be.