ALJU PROJECTS: 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.
ALJU PROJECTS
Largest movements
- Tangible fixed assets -€12,700
down €12,700 (-24.1%), from €52,758 to €40,058
- Receivables within one year +€10,606
up €10,606 (+94.2%), from €11,258 to €21,864
of which Trade receivables: +€10,523
- Cash -€9,395
down €9,395 (-12.4%), from €76,004 to €66,609
mainly Other debts (-€49,025) and Receivables within one year (-€10,606)
- Other debts -€49,025
down €49,025 (-48.5%), from €101,064 to €52,039
- Reserves +€31,185
up €31,185 (+129.3%), from €24,123 to €55,308
- Tax, wage and social debts +€6,396
up €6,396 (+55.9%), from €11,440 to €17,837
- Gross operating margin +€9,599
up €9,599 (+20.7%), from €46,326 to €55,924
- Taxes +€2,229
up €2,229 (+34.4%), from €6,488 to €8,718
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 | €142,573 | €130,548 | -€12,024 | -8.4% |
| Formation expenses | 20 | €545 | €0 | -€545 | -100.0% |
| Fixed assets | 21/28 | €53,758 | €41,058 | -€12,700 | -23.6% |
| Tangible fixed assets | 22/27 | €52,758 | €40,058 | -€12,700 | -24.1% |
| Furniture and vehicles | 24 | €52,758 | €40,058 | -€12,700 | -24.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €88,270 | €89,491 | +€1,221 | +1.4% |
| Amounts receivable within one year | 40/41 | €11,258 | €21,864 | +€10,606 | +94.2% |
| Trade receivables | 40 | €11,258 | €21,780 | +€10,523 | +93.5% |
| Other amounts receivable | 41 | - | €84 | +€84 | |
| Cash at bank and in hand | 54/58 | €76,004 | €66,609 | -€9,395 | -12.4% |
| Deferred charges and accrued income | 490/1 | €1,008 | €1,018 | +€10 | +1.0% |
| Total equity and liabilities | 10/49 | €142,573 | €130,548 | -€12,024 | -8.4% |
| Equity | 10/15 | €29,123 | €60,308 | +€31,185 | +107.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,123 | €55,308 | +€31,185 | +129.3% |
| Distributable reserves | 133 | €24,123 | €55,308 | +€31,185 | +129.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,450 | €70,241 | -€43,209 | -38.1% |
| Amounts payable within one year | 42/48 | €113,450 | €70,241 | -€43,209 | -38.1% |
| Trade debts | 44 | €946 | €365 | -€581 | -61.4% |
| Suppliers | 440/4 | €946 | €365 | -€581 | -61.4% |
| Taxes, remuneration and social security | 45 | €11,440 | €17,837 | +€6,396 | +55.9% |
| Taxes | 450/3 | €11,440 | €17,837 | +€6,396 | +55.9% |
| Other amounts payable | 47/48 | €101,064 | €52,039 | -€49,025 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,314 | €13,245 | -€69 | -0.5% |
| Other operating charges | 640/8 | €602 | €837 | +€235 | +39.0% |
| Gross operating margin | 9900 | €46,326 | €55,924 | +€9,599 | +20.7% |
| Operating profit (loss) | 9901 | €32,409 | €41,842 | +€9,433 | +29.1% |
| Financial charges | 65/66B | €80 | €273 | +€193 | +242.0% |
| Recurring financial charges | 65 | €80 | €273 | +€193 | +242.0% |
| Profit (loss) for the period before taxes | 9903 | €32,329 | €41,569 | +€9,239 | +28.6% |
| Income taxes | 67/77 | €6,488 | €8,718 | +€2,229 | +34.4% |
| Profit (loss) for the period | 9904 | €25,841 | €32,851 | +€7,010 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,841 | €32,851 | +€7,010 | +27.1% |
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 8 October 2026 via checked.be.