ALLIANCE: 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.
ALLIANCE
Largest movements
- Tangible fixed assets -€59,904
down €59,904 (-6.9%), from €868,923 to €809,019
of which Land and buildings: -€59,191
- Receivables within one year -€29,959
down €29,959 (-24.9%), from €120,365 to €90,406
of which Other amounts receivable: -€41,454
- Current portion of long-term debt -€139,394
down €139,394 (-18.2%), from €766,667 to €627,273
- Other debts +€54,370
up €54,370, from €0 to €54,370
- Gross operating margin -€30,696
down €30,696 (-22.0%), from €139,283 to €108,587
- Financial charges -€18,267
down €18,267 (-32.9%), from €55,589 to €37,322
- Taxes -€3,680
down €3,680 (-88.0%), from €4,180 to €500
- Depreciation +€1,540
up €1,540 (+2.6%), from €58,364 to €59,904
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 | €997,413 | €909,826 | -€87,587 | -8.8% |
| Fixed assets | 21/28 | €868,923 | €809,019 | -€59,904 | -6.9% |
| Tangible fixed assets | 22/27 | €868,923 | €809,019 | -€59,904 | -6.9% |
| Land and buildings | 22 | €864,646 | €805,455 | -€59,191 | -6.8% |
| Furniture and vehicles | 24 | €4,277 | €3,565 | -€713 | -16.7% |
| Current assets | 29/58 | €128,489 | €100,807 | -€27,683 | -21.5% |
| Amounts receivable within one year | 40/41 | €120,365 | €90,406 | -€29,959 | -24.9% |
| Trade receivables | 40 | €78,911 | €90,406 | +€11,495 | +14.6% |
| Other amounts receivable | 41 | €41,454 | €0 | -€41,454 | -100% |
| Cash at bank and in hand | 54/58 | €5,300 | €7,495 | +€2,196 | +41.4% |
| Deferred charges and accrued income | 490/1 | €2,825 | €2,905 | +€81 | +2.9% |
| Total equity and liabilities | 10/49 | €997,413 | €909,826 | -€87,587 | -8.8% |
| Equity | 10/15 | €97,688 | €98,858 | +€1,171 | +1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,488 | €30,658 | +€1,171 | +4.0% |
| Amounts payable | 17/49 | €899,725 | €810,968 | -€88,757 | -9.9% |
| Amounts payable within one year | 42/48 | €848,189 | €760,388 | -€87,801 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €766,667 | €627,273 | -€139,394 | -18.2% |
| Trade debts | 44 | €68,217 | €66,688 | -€1,529 | -2.2% |
| Suppliers | 440/4 | €68,217 | €66,688 | -€1,529 | -2.2% |
| Taxes, remuneration and social security | 45 | €13,305 | €12,058 | -€1,248 | -9.4% |
| Taxes | 450/3 | €13,305 | €12,058 | -€1,248 | -9.4% |
| Other amounts payable | 47/48 | €0 | €54,370 | +€54,370 | |
| Accrued charges and deferred income | 492/3 | €51,535 | €50,580 | -€956 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,364 | €59,904 | +€1,540 | +2.6% |
| Other operating charges | 640/8 | €9,992 | €9,691 | -€301 | -3.0% |
| Gross operating margin | 9900 | €139,283 | €108,587 | -€30,696 | -22.0% |
| Operating profit (loss) | 9901 | €70,926 | €38,992 | -€31,934 | -45.0% |
| Financial charges | 65/66B | €55,589 | €37,322 | -€18,267 | -32.9% |
| Recurring financial charges | 65 | €55,589 | €37,322 | -€18,267 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €15,338 | €1,671 | -€13,667 | -89.1% |
| Income taxes | 67/77 | €4,180 | €500 | -€3,680 | -88.0% |
| Profit (loss) for the period | 9904 | €11,158 | €1,171 | -€9,988 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,158 | €1,171 | -€9,988 | -89.5% |
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 15 October 2026 via checked.be.