ALLIANCE 2.0: 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 2.0
Largest movements
- Receivables within one year +€24,010
up €24,010 (+34.8%), from €69,065 to €93,074
of which Other amounts receivable: +€22,911
- Tangible fixed assets -€13,783
down €13,783 (-33.0%), from €41,763 to €27,980
of which Furniture and vehicles: -€11,793
- Deferred charges and accrued income +€1,523
new in 2025: €1,523
- Other debts +€14,190
new in 2025: €14,190
- Profit (loss) carried forward +€12,059
up €12,059 (+4.8%), from -€249,899 to -€237,839
- Debts after one year -€11,997
down €11,997 (-53.9%), from €22,278 to €10,281
- Tax, wage and social debts -€5,807
down €5,807 (-99.3%), from €5,846 to €39
of which Remuneration and social security: -€3,739
- Short-term financial debts +€2,762
up €2,762 (+447%), from €618 to €3,380
- Staff costs -€215,210
down €215,210 (-99.6%), from €215,985 to €775
- Gross operating margin -€38,139
down €38,139 (-39.3%), from €96,961 to €58,822
- Other operating charges +€11,531
up €11,531 (+62.3%), from €18,507 to €30,038
- Financial charges -€7,870
down €7,870 (-78.4%), from €10,038 to €2,167
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,228 | €125,977 | +€11,750 | +10.3% |
| Fixed assets | 21/28 | €45,163 | €31,380 | -€13,783 | -30.5% |
| Tangible fixed assets | 22/27 | €41,763 | €27,980 | -€13,783 | -33.0% |
| Land and buildings | 22 | €15,941 | €13,951 | -€1,990 | -12.5% |
| Furniture and vehicles | 24 | €25,822 | €14,029 | -€11,793 | -45.7% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €69,065 | €94,597 | +€25,532 | +37.0% |
| Amounts receivable within one year | 40/41 | €69,065 | €93,074 | +€24,010 | +34.8% |
| Trade receivables | 40 | €13,012 | €14,110 | +€1,098 | +8.4% |
| Other amounts receivable | 41 | €56,053 | €78,964 | +€22,911 | +40.9% |
| Deferred charges and accrued income | 490/1 | - | €1,523 | +€1,523 | |
| Total equity and liabilities | 10/49 | €114,228 | €125,977 | +€11,750 | +10.3% |
| Equity | 10/15 | -€218,899 | -€206,839 | +€12,059 | +5.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€249,899 | -€237,839 | +€12,059 | +4.8% |
| Amounts payable | 17/49 | €333,126 | €332,816 | -€310 | -0.1% |
| Amounts payable after more than one year | 17 | €22,278 | €10,281 | -€11,997 | -53.9% |
| Financial debts | 170/4 | €22,278 | €10,281 | -€11,997 | -53.9% |
| Amounts payable within one year | 42/48 | €310,848 | €322,505 | +€11,657 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €11,072 | €11,997 | +€925 | +8.4% |
| Financial debts | 43 | €618 | €3,380 | +€2,762 | +447% |
| Credit institutions | 430/8 | €618 | €3,380 | +€2,762 | +447% |
| Trade debts | 44 | €293,312 | €292,899 | -€413 | -0.1% |
| Suppliers | 440/4 | €293,312 | €292,899 | -€413 | -0.1% |
| Taxes, remuneration and social security | 45 | €5,846 | €39 | -€5,807 | -99.3% |
| Taxes | 450/3 | €2,107 | €39 | -€2,068 | -98.2% |
| Remuneration and social security | 454/9 | €3,739 | - | -€3,739 | |
| Other amounts payable | 47/48 | - | €14,190 | +€14,190 | |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Remuneration, social security and pensions | 62 | €215,985 | €775 | -€215,210 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,226 | €13,783 | -€443 | -3.1% |
| Other operating charges | 640/8 | €18,507 | €30,038 | +€11,531 | +62.3% |
| Gross operating margin | 9900 | €96,961 | €58,822 | -€38,139 | -39.3% |
| Operating profit (loss) | 9901 | -€151,757 | €14,227 | +€165,984 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €10,038 | €2,167 | -€7,870 | -78.4% |
| Recurring financial charges | 65 | €10,038 | €2,167 | -€7,870 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | -€161,787 | €12,059 | +€173,846 | |
| Profit (loss) for the period | 9904 | -€161,787 | €12,059 | +€173,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€161,787 | €12,059 | +€173,846 |
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 27 October 2026 via checked.be.