ALNAIR: 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.
ALNAIR
Largest movements
- Tangible fixed assets -€11,436
down €11,436 (-6.6%), from €172,266 to €160,831
- Receivables within one year +€2,161
up €2,161 (+181%), from €1,192 to €3,353
- Profit (loss) carried forward -€14,782
down €14,782 (-9.5%), from -€156,208 to -€170,990
- Other debts +€11,380
up €11,380 (+7.1%), from €159,383 to €170,763
- Reserves -€5,434
down €5,434 (-8.6%), from €63,506 to €58,071
of which Tax-exempt reserves: -€5,434
- Provisions -€2,799
down €2,799 (-10.6%), from €26,358 to €23,559
- Turnover +€27,926
new in 2025: €27,926
- Gross operating margin -€10,805
down €10,805, from €661 to -€10,145
- Other operating charges -€4,733
down €4,733 (-82.6%), from €5,729 to €996
- Depreciation -€2,272
down €2,272 (-16.6%), from €13,708 to €11,436
- Financial charges -€296
down €296 (-40.3%), from €734 to €438
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 | €174,765 | €164,850 | -€9,915 | -5.7% |
| Fixed assets | 21/28 | €172,266 | €160,831 | -€11,436 | -6.6% |
| Tangible fixed assets | 22/27 | €172,266 | €160,831 | -€11,436 | -6.6% |
| Land and buildings | 22 | €172,266 | €160,831 | -€11,436 | -6.6% |
| Current assets | 29/58 | €2,499 | €4,019 | +€1,520 | +60.8% |
| Amounts receivable within one year | 40/41 | €1,192 | €3,353 | +€2,161 | +181% |
| Trade receivables | 40 | €1,192 | €3,353 | +€2,161 | +181% |
| Cash at bank and in hand | 54/58 | €1,307 | €666 | -€641 | -49.0% |
| Total equity and liabilities | 10/49 | €174,765 | €164,850 | -€9,915 | -5.7% |
| Equity | 10/15 | -€18,702 | -€38,919 | -€20,216 | -108% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Capital | 10 | €74,000 | €74,000 | = | 0.0% |
| Issued capital | 100 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €63,506 | €58,071 | -€5,434 | -8.6% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,400 | €7,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,188 | €45,754 | -€5,434 | -10.6% |
| Distributable reserves | 133 | €4,918 | €4,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,208 | -€170,990 | -€14,782 | -9.5% |
| Provisions and deferred taxes | 16 | €26,358 | €23,559 | -€2,799 | -10.6% |
| Deferred taxes | 168 | €26,358 | €23,559 | -€2,799 | -10.6% |
| Amounts payable | 17/49 | €167,110 | €180,209 | +€13,100 | +7.8% |
| Amounts payable after more than one year | 17 | €6,537 | €7,813 | +€1,276 | +19.5% |
| Other amounts payable | 178/9 | €6,537 | €7,813 | +€1,276 | +19.5% |
| Amounts payable within one year | 42/48 | €160,572 | €172,396 | +€11,824 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €198 | - | -€198 | |
| Trade debts | 44 | €125 | €1,248 | +€1,123 | +897% |
| Suppliers | 440/4 | €125 | €1,248 | +€1,123 | +897% |
| Taxes, remuneration and social security | 45 | €867 | €386 | -€481 | -55.5% |
| Taxes | 450/3 | €867 | €386 | -€481 | -55.5% |
| Other amounts payable | 47/48 | €159,383 | €170,763 | +€11,380 | +7.1% |
| Turnover | 70 | - | €27,926 | +€27,926 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,708 | €11,436 | -€2,272 | -16.6% |
| Other operating charges | 640/8 | €5,729 | €996 | -€4,733 | -82.6% |
| Gross operating margin | 9900 | €661 | -€10,145 | -€10,805 | |
| Operating profit (loss) | 9901 | -€18,776 | -€22,576 | -€3,800 | -20.2% |
| Financial charges | 65/66B | €734 | €438 | -€296 | -40.3% |
| Recurring financial charges | 65 | €734 | €438 | -€296 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | -€19,510 | -€23,014 | -€3,504 | -18.0% |
| Transfer from deferred taxes | 780 | - | €2,798 | +€2,798 | |
| Profit (loss) for the period | 9904 | -€19,510 | -€20,216 | -€706 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €8,234 | €5,434 | -€2,800 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,276 | -€14,782 | -€3,506 | -31.1% |
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 18 October 2026 via checked.be.