ALIZEPHYR: 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.
ALIZEPHYR
Largest movements
- Receivables within one year +€62,180
up €62,180 (+315.4%), from €19,717 to €81,897
of which Other amounts receivable: +€49,753
- Cash -€18,096
down €18,096 (-74.5%), from €24,305 to €6,209
mainly Receivables within one year (-€62,180) and Tax, wage and social debts (-€11,002)
- Tangible fixed assets -€11,569
down €11,569 (-27.1%), from €42,734 to €31,164
of which Land and buildings: -€8,267
- Debts after one year +€40,000
up €40,000 (+66.7%), from €60,000 to €100,000
- Tax, wage and social debts -€11,002
down €11,002 (-63.2%), from €17,412 to €6,410
of which Taxes: -€15,050
- Other debts +€8,464
new in 2025: €8,464
- Profit (loss) carried forward -€7,146
down €7,146 (-11.9%), from -€60,041 to -€67,187
- Trade debts +€2,462
up €2,462 (+34.1%), from €7,218 to €9,680
- Staff costs +€21,946
new in 2025: €21,946
- Gross operating margin +€18,474
up €18,474 (+153.6%), from €12,028 to €30,502
- Other operating charges +€2,215
up €2,215 (+151.2%), from €1,465 to €3,680
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 | €89,088 | €121,226 | +€32,138 | +36.1% |
| Fixed assets | 21/28 | €43,034 | €31,674 | -€11,359 | -26.4% |
| Tangible fixed assets | 22/27 | €42,734 | €31,164 | -€11,569 | -27.1% |
| Land and buildings | 22 | €35,751 | €27,484 | -€8,267 | -23.1% |
| Furniture and vehicles | 24 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Other tangible fixed assets | 26 | €983 | €681 | -€302 | -30.8% |
| Financial fixed assets | 28 | €300 | €510 | +€210 | +70.0% |
| Current assets | 29/58 | €46,054 | €89,552 | +€43,497 | +94.4% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,717 | €81,897 | +€62,180 | +315.4% |
| Trade receivables | 40 | €8,933 | €21,361 | +€12,428 | +139.1% |
| Other amounts receivable | 41 | €10,783 | €60,536 | +€49,753 | +461.4% |
| Cash at bank and in hand | 54/58 | €24,305 | €6,209 | -€18,096 | -74.5% |
| Deferred charges and accrued income | 490/1 | €1,033 | €446 | -€587 | -56.9% |
| Total equity and liabilities | 10/49 | €89,088 | €121,226 | +€32,138 | +36.1% |
| Equity | 10/15 | -€10,041 | -€17,187 | -€7,146 | -71.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,041 | -€67,187 | -€7,146 | -11.9% |
| Amounts payable | 17/49 | €99,129 | €138,413 | +€39,284 | +39.6% |
| Amounts payable after more than one year | 17 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Other amounts payable | 178/9 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Amounts payable within one year | 42/48 | €24,630 | €24,554 | -€76 | -0.3% |
| Trade debts | 44 | €7,218 | €9,680 | +€2,462 | +34.1% |
| Suppliers | 440/4 | €7,218 | €9,680 | +€2,462 | +34.1% |
| Taxes, remuneration and social security | 45 | €17,412 | €6,410 | -€11,002 | -63.2% |
| Taxes | 450/3 | €17,412 | €2,362 | -€15,050 | -86.4% |
| Remuneration and social security | 454/9 | - | €4,048 | +€4,048 | |
| Other amounts payable | 47/48 | - | €8,464 | +€8,464 | |
| Accrued charges and deferred income | 492/3 | €14,499 | €13,859 | -€640 | -4.4% |
| Remuneration, social security and pensions | 62 | - | €21,946 | +€21,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,569 | €11,569 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,465 | €3,680 | +€2,215 | +151.2% |
| Gross operating margin | 9900 | €12,028 | €30,502 | +€18,474 | +153.6% |
| Operating profit (loss) | 9901 | -€1,006 | -€6,692 | -€5,686 | -565.3% |
| Financial charges | 65/66B | €403 | €454 | +€51 | +12.5% |
| Recurring financial charges | 65 | €403 | €454 | +€51 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,409 | -€7,146 | -€5,737 | -407.2% |
| Profit (loss) for the period | 9904 | -€1,409 | -€7,146 | -€5,737 | -407.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,409 | -€7,146 | -€5,737 | -407.2% |
Source: filed annual accounts (NBB), financial years ended 1 September 2024 and 1 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.