ALJ IMMO: 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
ALJ IMMO
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,152
2024 · -€4,006-€146
Equity
€769,333
2024 · €954,462-€185,128
Cash
€24,420
2024 · €39,571-€15,151
Balance sheet total
€2.4m
2024 · €2.5m-€100,905
Largest movements
Assets
- Tangible fixed assets -€61,269
down €61,269 (-4.6%), from €1.3m to €1.3m
- Current investments -€37,952
down €37,952 (-5.2%), from €723,196 to €685,244
Equity and liabilities
- Reserves -€185,128
down €185,128 (-21.2%), from €871,462 to €686,333
of which Distributable reserves: -€144,270
- Other debts +€180,977
new in 2025: €180,977
- Debts after one year -€62,978
down €62,978 (-8.0%), from €789,955 to €726,977
- Short-term financial debts -€27,500
down €27,500 (-6.3%), from €433,333 to €405,833
Income statement
- Financial charges +€23,433
up €23,433 (+128%), from €18,376 to €41,809
- Financial income -€20,736
down €20,736 (-29.7%), from €69,849 to €49,113
- Taxes +€13,142
up €13,142 (+1,262%), from €1,041 to €14,183
- Write-downs -€8,867
no longer reported in 2025 (was €8,867)
- Other operating charges +€2,860
up €2,860 (+35.3%), from €8,109 to €10,969
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.
Result 2024
-€4,006
Gross operating margin
+€2,552
Depreciation
-€182
Write-downs
+€8,867
Other operating charges
-€2,860
Other operating items
+€48,788
Financial income
-€20,736
Financial charges
-€23,433
Taxes
-€13,142
Result 2025
-€4,152
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€219,349
Investment
+€34,214
Financing
-€268,713
Cash 2024
€39,571
From operations (derived)
+€219,349
Net result for the year
-€4,152
Depreciation
+€65,008
Receivables within one year
-€13,455
Smaller working-capital items
-€295
Provisions
-€13,620
Tax, wage and social debts
+€3,142
Other debts
+€180,977
Accrued charges and deferred income
+€1,743
Investment (derived)
+€34,214
Investment in fixed assets (net)
-€3,739
Current investments
+€37,952
Financing
-€268,713
Debts after one year
-€62,978
Current portion of long-term debt
+€2,741
Short-term financial debts
-€27,500
Contributions, distributions and other
-€180,977
Cash 2025
€24,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,498,520 | €2,397,615 | -€100,905 | -4.0% |
| Fixed assets | 21/28 | €1,319,718 | €1,258,449 | -€61,269 | -4.6% |
| Tangible fixed assets | 22/27 | €1,319,718 | €1,258,449 | -€61,269 | -4.6% |
| Land and buildings | 22 | €1,319,718 | €1,258,449 | -€61,269 | -4.6% |
| Current assets | 29/58 | €1,178,802 | €1,139,166 | -€39,636 | -3.4% |
| Amounts receivable within one year | 40/41 | €415,624 | €429,078 | +€13,455 | +3.2% |
| Trade receivables | 40 | €6,840 | €13,263 | +€6,423 | +93.9% |
| Other amounts receivable | 41 | €408,784 | €415,815 | +€7,032 | +1.7% |
| Current investments | 50/53 | €723,196 | €685,244 | -€37,952 | -5.2% |
| Cash at bank and in hand | 54/58 | €39,571 | €24,420 | -€15,151 | -38.3% |
| Deferred charges and accrued income | 490/1 | €412 | €424 | +€12 | +3.0% |
| Total equity and liabilities | 10/49 | €2,498,520 | €2,397,615 | -€100,905 | -4.0% |
| Equity | 10/15 | €954,462 | €769,333 | -€185,128 | -19.4% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Capital | 10 | €83,000 | €83,000 | = | 0.0% |
| Issued capital | 100 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €871,462 | €686,333 | -€185,128 | -21.2% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Legal reserve | 130 | €8,300 | €8,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €718,892 | €678,033 | -€40,859 | -5.7% |
| Distributable reserves | 133 | €144,270 | - | -€144,270 | |
| Provisions and deferred taxes | 16 | €239,631 | €226,011 | -€13,620 | -5.7% |
| Deferred taxes | 168 | €239,631 | €226,011 | -€13,620 | -5.7% |
| Amounts payable | 17/49 | €1,304,428 | €1,402,270 | +€97,843 | +7.5% |
| Amounts payable after more than one year | 17 | €789,955 | €726,977 | -€62,978 | -8.0% |
| Financial debts | 170/4 | €789,955 | €726,977 | -€62,978 | -8.0% |
| Amounts payable within one year | 42/48 | €507,732 | €666,809 | +€159,077 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €62,978 | €65,719 | +€2,741 | +4.4% |
| Financial debts | 43 | €433,333 | €405,833 | -€27,500 | -6.3% |
| Credit institutions | 430/8 | €433,333 | €405,833 | -€27,500 | -6.3% |
| Trade debts | 44 | €10,379 | €10,096 | -€283 | -2.7% |
| Suppliers | 440/4 | €10,379 | €10,096 | -€283 | -2.7% |
| Taxes, remuneration and social security | 45 | €1,041 | €4,183 | +€3,142 | +302% |
| Taxes | 450/3 | €1,041 | €4,183 | +€3,142 | +302% |
| Other amounts payable | 47/48 | - | €180,977 | +€180,977 | |
| Accrued charges and deferred income | 492/3 | €6,741 | €8,484 | +€1,743 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,826 | €65,008 | +€182 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,867 | - | -€8,867 | |
| Other operating charges | 640/8 | €8,109 | €10,969 | +€2,860 | +35.3% |
| Non-recurring operating charges | 66A | €48,788 | - | -€48,788 | |
| Gross operating margin | 9900 | €62,533 | €65,086 | +€2,552 | +4.1% |
| Operating profit (loss) | 9901 | -€68,057 | -€10,892 | +€57,166 | +84.0% |
| Financial income | 75/76B | €69,849 | €49,113 | -€20,736 | -29.7% |
| Recurring financial income | 75 | €69,849 | €49,113 | -€20,736 | -29.7% |
| Financial charges | 65/66B | €18,376 | €41,809 | +€23,433 | +128% |
| Recurring financial charges | 65 | €18,376 | €41,809 | +€23,433 | +128% |
| Profit (loss) for the period before taxes | 9903 | -€16,584 | -€3,588 | +€12,996 | +78.4% |
| Transfer from deferred taxes | 780 | €13,620 | €13,620 | +€0 | 0.0% |
| Income taxes | 67/77 | €1,041 | €14,183 | +€13,142 | +1,262% |
| Profit (loss) for the period | 9904 | -€4,006 | -€4,152 | -€146 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €40,859 | €40,859 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,853 | €36,707 | -€146 | -0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.