ALN HOLDING: 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.
ALN HOLDING
Largest movements
- Financial fixed assets +€616,667
up €616,667 (+19.5%), from €3.2m to €3.8m
- Tangible fixed assets +€257,088
up €257,088 (+9,185%), from €2,799 to €259,887
of which Land and buildings: +€256,448
- Formation expenses +€78,612
new in 2025: €78,612
- Cash +€47,832
up €47,832 (+51.0%), from €93,747 to €141,579
mainly Debts after one year (+€402,620) and Other debts (+€360,340)
- Debts after one year +€402,620
up €402,620 (+16.7%), from €2.4m to €2.8m
of which Financial debts: +€498,620
- Other debts +€360,340
up €360,340 (+113%), from €318,000 to €678,340
- Current portion of long-term debt +€112,171
up €112,171 (+85.5%), from €131,233 to €243,404
- Reserves +€65,952
up €65,952 (+9.1%), from €722,062 to €788,014
- Financial income +€79,379
up €79,379 (+31.4%), from €252,999 to €332,378
- Depreciation +€52,082
up €52,082 (+5,720%), from €911 to €52,992
- Gross operating margin -€30,969
down €30,969 (-148%), from -€20,978 to -€51,947
- Financial charges +€14,537
up €14,537 (+31.4%), from €46,253 to €60,789
- Other operating charges -€3,125
no longer reported in 2025 (was €3,125)
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 | €3,602,350 | €4,575,768 | +€973,418 | +27.0% |
| Formation expenses | 20 | - | €78,612 | +€78,612 | |
| Fixed assets | 21/28 | €3,170,303 | €4,044,058 | +€873,754 | +27.6% |
| Tangible fixed assets | 22/27 | €2,799 | €259,887 | +€257,088 | +9,185% |
| Land and buildings | 22 | - | €256,448 | +€256,448 | |
| Furniture and vehicles | 24 | €2,799 | €3,439 | +€639 | +22.8% |
| Financial fixed assets | 28 | €3,167,504 | €3,784,171 | +€616,667 | +19.5% |
| Current assets | 29/58 | €432,047 | €453,098 | +€21,052 | +4.9% |
| Amounts receivable after more than one year | 29 | €210,000 | €238,668 | +€28,668 | +13.7% |
| Trade receivables | 290 | €210,000 | - | -€210,000 | |
| Other amounts receivable | 291 | - | €238,668 | +€238,668 | |
| Amounts receivable within one year | 40/41 | €110,479 | €72,851 | -€37,628 | -34.1% |
| Trade receivables | 40 | €31,273 | €7,747 | -€23,526 | -75.2% |
| Other amounts receivable | 41 | €79,206 | €65,104 | -€14,102 | -17.8% |
| Cash at bank and in hand | 54/58 | €93,747 | €141,579 | +€47,832 | +51.0% |
| Deferred charges and accrued income | 490/1 | €17,820 | - | -€17,820 | |
| Total equity and liabilities | 10/49 | €3,602,350 | €4,575,768 | +€973,418 | +27.0% |
| Equity | 10/15 | €727,062 | €793,014 | +€65,952 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €722,062 | €788,014 | +€65,952 | +9.1% |
| Distributable reserves | 133 | €722,062 | €788,014 | +€65,952 | +9.1% |
| Amounts payable | 17/49 | €2,875,289 | €3,782,754 | +€907,466 | +31.6% |
| Amounts payable after more than one year | 17 | €2,410,740 | €2,813,360 | +€402,620 | +16.7% |
| Financial debts | 170/4 | €732,740 | €1,231,360 | +€498,620 | +68.0% |
| Other amounts payable | 178/9 | €1,678,000 | €1,582,000 | -€96,000 | -5.7% |
| Amounts payable within one year | 42/48 | €464,548 | €964,472 | +€499,923 | +108% |
| Current portion of amounts payable after more than one year | 42 | €131,233 | €243,404 | +€112,171 | +85.5% |
| Trade debts | 44 | €12,738 | €10,099 | -€2,639 | -20.7% |
| Suppliers | 440/4 | €12,738 | €10,099 | -€2,639 | -20.7% |
| Taxes, remuneration and social security | 45 | €2,577 | €32,628 | +€30,051 | +1,166% |
| Taxes | 450/3 | €2,577 | €32,628 | +€30,051 | +1,166% |
| Other amounts payable | 47/48 | €318,000 | €678,340 | +€360,340 | +113% |
| Accrued charges and deferred income | 492/3 | - | €4,923 | +€4,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €52,992 | +€52,082 | +5,720% |
| Other operating charges | 640/8 | €3,125 | - | -€3,125 | |
| Gross operating margin | 9900 | -€20,978 | -€51,947 | -€30,969 | -148% |
| Operating profit (loss) | 9901 | -€25,013 | -€104,939 | -€79,926 | -320% |
| Financial income | 75/76B | €252,999 | €332,378 | +€79,379 | +31.4% |
| Recurring financial income | 75 | €252,999 | €332,378 | +€79,379 | +31.4% |
| Financial charges | 65/66B | €46,253 | €60,789 | +€14,537 | +31.4% |
| Recurring financial charges | 65 | €46,253 | €60,789 | +€14,537 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €181,733 | €166,650 | -€15,084 | -8.3% |
| Income taxes | 67/77 | €491 | €698 | +€207 | +42.2% |
| Profit (loss) for the period | 9904 | €181,243 | €165,952 | -€15,291 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €181,243 | €165,952 | -€15,291 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.