ALLIANCE V: 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.
ALLIANCE V
Largest movements
- Receivables within one year +€21,432
up €21,432 (+25.6%), from €83,827 to €105,259
of which Other amounts receivable: +€20,152
- Tangible fixed assets -€8,208
no longer reported in 2025 (was €8,208)
- Financial fixed assets -€6,000
no longer reported in 2025 (was €6,000)
- Stocks and contracts +€5,097
up €5,097 (+133.2%), from €3,826 to €8,923
- Cash +€2,956
up €2,956 (+15.2%), from €19,404 to €22,360
mainly Trade debts (+€24,533) and Depreciation (+€8,208)
- Trade debts +€24,533
up €24,533 (+73.4%), from €33,433 to €57,965
- Debts after one year -€12,098
down €12,098 (-90.4%), from €13,380 to €1,282
- Profit (loss) carried forward +€6,430
up €6,430 (+63.9%), from -€10,057 to -€3,626
- Tax, wage and social debts -€6,137
down €6,137 (-8.5%), from €71,956 to €65,820
of which Remuneration and social security: -€15,182
- Other debts +€2,549
new in 2025: €2,549
- Turnover +€651,096
new in 2025: €651,096
- Purchases and services +€366,474
new in 2025: €366,474
- Staff costs -€28,170
down €28,170 (-9.6%), from €294,481 to €266,311
- Gross operating margin -€18,545
down €18,545 (-5.8%), from €322,415 to €303,870
- Other operating charges +€12,135
up €12,135 (+634.2%), from €1,913 to €14,048
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 | €121,264 | €136,542 | +€15,277 | +12.6% |
| Fixed assets | 21/28 | €14,208 | - | -€14,208 | |
| Tangible fixed assets | 22/27 | €8,208 | - | -€8,208 | |
| Furniture and vehicles | 24 | €8,208 | - | -€8,208 | |
| Financial fixed assets | 28 | €6,000 | - | -€6,000 | |
| Current assets | 29/58 | €107,057 | €136,542 | +€29,485 | +27.5% |
| Stocks and contracts in progress | 3 | €3,826 | €8,923 | +€5,097 | +133.2% |
| Stocks | 30/36 | €3,826 | €8,923 | +€5,097 | +133.2% |
| Amounts receivable within one year | 40/41 | €83,827 | €105,259 | +€21,432 | +25.6% |
| Trade receivables | 40 | €559 | €1,838 | +€1,279 | +228.9% |
| Other amounts receivable | 41 | €83,268 | €103,421 | +€20,152 | +24.2% |
| Cash at bank and in hand | 54/58 | €19,404 | €22,360 | +€2,956 | +15.2% |
| Total equity and liabilities | 10/49 | €121,264 | €136,542 | +€15,277 | +12.6% |
| Equity | 10/15 | -€10,057 | -€3,626 | +€6,430 | +63.9% |
| Profit (loss) carried forward | 14 | -€10,057 | -€3,626 | +€6,430 | +63.9% |
| Amounts payable | 17/49 | €131,321 | €140,168 | +€8,847 | +6.7% |
| Amounts payable after more than one year | 17 | €13,380 | €1,282 | -€12,098 | -90.4% |
| Financial debts | 170/4 | €13,380 | €1,282 | -€12,098 | -90.4% |
| Amounts payable within one year | 42/48 | €117,941 | €138,887 | +€20,945 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €12,553 | €12,553 | = | 0.0% |
| Trade debts | 44 | €33,433 | €57,965 | +€24,533 | +73.4% |
| Suppliers | 440/4 | €33,433 | €57,965 | +€24,533 | +73.4% |
| Taxes, remuneration and social security | 45 | €71,956 | €65,820 | -€6,137 | -8.5% |
| Taxes | 450/3 | €23,421 | €32,467 | +€9,046 | +38.6% |
| Remuneration and social security | 454/9 | €48,536 | €33,353 | -€15,182 | -31.3% |
| Other amounts payable | 47/48 | - | €2,549 | +€2,549 | |
| Turnover | 70 | - | €651,096 | +€651,096 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €366,474 | +€366,474 | |
| Remuneration, social security and pensions | 62 | €294,481 | €266,311 | -€28,170 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,839 | €8,208 | -€4,631 | -36.1% |
| Other operating charges | 640/8 | €1,913 | €14,048 | +€12,135 | +634.2% |
| Non-recurring operating charges | 66A | €271 | €70 | -€201 | -74.2% |
| Gross operating margin | 9900 | €322,415 | €303,870 | -€18,545 | -5.8% |
| Operating profit (loss) | 9901 | €12,911 | €15,234 | +€2,323 | +18.0% |
| Financial charges | 65/66B | €9,797 | €8,804 | -€994 | -10.1% |
| Recurring financial charges | 65 | €9,797 | €8,804 | -€994 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €3,114 | €6,430 | +€3,317 | +106.5% |
| Profit (loss) for the period | 9904 | €3,114 | €6,430 | +€3,317 | +106.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,114 | €6,430 | +€3,317 | +106.5% |
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 5 October 2026 via checked.be.