ALLIANCE BUSINESS: what changed
ALLIANCE BUSINESS
Largest movements
- Cash +€39,827
up €39,827 (+288%), from €13,811 to €53,638
mainly Depreciation (+€48,710) and Net result for the year (+€40,741)
- Intangible fixed assets -€21,149
down €21,149 (-14.7%), from €143,654 to €122,505
- Tangible fixed assets +€8,666
up €8,666 (+6.1%), from €141,934 to €150,600
of which Furniture and vehicles: +€18,875
- Profit (loss) carried forward +€29,431
up €29,431 (+23.6%), from €124,471 to €153,902
- Reserves -€14,190
no longer reported in 2025 (was €14,190)
- Debts after one year -€12,784
down €12,784 (-13.1%), from €97,868 to €85,084
- Tax, wage and social debts +€11,019
up €11,019 (+75.8%), from €14,539 to €25,558
of which Remuneration and social security: +€6,238
- Other debts +€8,544
up €8,544 (+49.5%), from €17,268 to €25,812
- Gross operating margin +€53,866
up €53,866 (+30.7%), from €175,361 to €229,227
- Depreciation +€15,867
up €15,867 (+48.3%), from €32,844 to €48,710
- Staff costs +€7,202
up €7,202 (+6.7%), from €107,606 to €114,808
- Taxes +€7,108
up €7,108 (+84.9%), from €8,375 to €15,483
- Financial charges +€4,432
up €4,432 (+221%), from €2,004 to €6,436
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,906 | €355,693 | +€28,787 | +8.8% |
| Fixed assets | 21/28 | €286,043 | €273,561 | -€12,483 | -4.4% |
| Intangible fixed assets | 21 | €143,654 | €122,505 | -€21,149 | -14.7% |
| Tangible fixed assets | 22/27 | €141,934 | €150,600 | +€8,666 | +6.1% |
| Land and buildings | 22 | €100,155 | €93,234 | -€6,921 | -6.9% |
| Plant, machinery and equipment | 23 | €15,218 | €11,985 | -€3,233 | -21.2% |
| Furniture and vehicles | 24 | €22,778 | €41,653 | +€18,875 | +82.9% |
| Other tangible fixed assets | 26 | €3,782 | €3,728 | -€54 | -1.4% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €40,863 | €82,132 | +€41,270 | +101% |
| Amounts receivable within one year | 40/41 | €27,052 | €26,346 | -€706 | -2.6% |
| Trade receivables | 40 | €27,052 | €26,346 | -€706 | -2.6% |
| Cash at bank and in hand | 54/58 | €13,811 | €53,638 | +€39,827 | +288% |
| Deferred charges and accrued income | 490/1 | - | €2,148 | +€2,148 | |
| Total equity and liabilities | 10/49 | €326,906 | €355,693 | +€28,787 | +8.8% |
| Equity | 10/15 | €159,121 | €174,362 | +€15,241 | +9.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €14,190 | - | -€14,190 | |
| Distributable reserves | 133 | €14,190 | - | -€14,190 | |
| Profit (loss) carried forward | 14 | €124,471 | €153,902 | +€29,431 | +23.6% |
| Amounts payable | 17/49 | €167,785 | €181,331 | +€13,546 | +8.1% |
| Amounts payable after more than one year | 17 | €97,868 | €85,084 | -€12,784 | -13.1% |
| Financial debts | 170/4 | €97,868 | €85,084 | -€12,784 | -13.1% |
| Amounts payable within one year | 42/48 | €69,917 | €96,248 | +€26,330 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €29,998 | €36,182 | +€6,184 | +20.6% |
| Trade debts | 44 | €8,112 | €8,696 | +€583 | +7.2% |
| Suppliers | 440/4 | €8,112 | €8,696 | +€583 | +7.2% |
| Taxes, remuneration and social security | 45 | €14,539 | €25,558 | +€11,019 | +75.8% |
| Taxes | 450/3 | €2,700 | €7,481 | +€4,781 | +177% |
| Remuneration and social security | 454/9 | €11,839 | €18,077 | +€6,238 | +52.7% |
| Other amounts payable | 47/48 | €17,268 | €25,812 | +€8,544 | +49.5% |
| Non-recurring operating income | 76A | - | €1,036 | +€1,036 | |
| Remuneration, social security and pensions | 62 | €107,606 | €114,808 | +€7,202 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,844 | €48,710 | +€15,867 | +48.3% |
| Other operating charges | 640/8 | €3,516 | €3,055 | -€461 | -13.1% |
| Non-recurring operating charges | 66A | €1,036 | - | -€1,036 | |
| Gross operating margin | 9900 | €175,361 | €229,227 | +€53,866 | +30.7% |
| Operating profit (loss) | 9901 | €30,359 | €62,653 | +€32,294 | +106% |
| Financial income | 75/76B | €20 | €6 | -€14 | -69.9% |
| Recurring financial income | 75 | €20 | €6 | -€14 | -69.9% |
| Financial charges | 65/66B | €2,004 | €6,436 | +€4,432 | +221% |
| Recurring financial charges | 65 | €2,004 | €6,436 | +€4,432 | +221% |
| Profit (loss) for the period before taxes | 9903 | €28,375 | €56,224 | +€27,848 | +98.1% |
| Income taxes | 67/77 | €8,375 | €15,483 | +€7,108 | +84.9% |
| Profit (loss) for the period | 9904 | €20,001 | €40,741 | +€20,740 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €20,001 | €40,741 | +€20,740 | +104% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.