ALNETUM: 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.
ALNETUM
Largest movements
- Tangible fixed assets -€345,209
down €345,209 (-11.2%), from €3.1m to €2.7m
of which Land and buildings: -€231,758
- Receivables within one year -€67,420
down €67,420 (-30.8%), from €218,923 to €151,504
of which Trade receivables: -€67,420
- Profit (loss) carried forward -€542,983
down €542,983 (-46.5%), from -€1.2m to -€1.7m
- Current portion of long-term debt +€80,606
up €80,606 (+555.2%), from €14,519 to €95,125
- Debts after one year +€43,206
up €43,206 (+1.6%), from €2.6m to €2.7m
- Financial charges +€235,520
up €235,520 (+8533.7%), from €2,760 to €238,279
- Depreciation -€23,836
down €23,836 (-5.3%), from €451,327 to €427,491
- Gross operating margin +€22,461
up €22,461 (+20.4%), from €110,092 to €132,552
- Other operating charges +€9,765
new in 2025: €9,765
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 | €3,316,820 | €2,903,614 | -€413,206 | -12.5% |
| Fixed assets | 21/28 | €3,085,967 | €2,740,759 | -€345,209 | -11.2% |
| Tangible fixed assets | 22/27 | €3,085,967 | €2,740,759 | -€345,209 | -11.2% |
| Land and buildings | 22 | €1,786,208 | €1,554,450 | -€231,758 | -13.0% |
| Plant, machinery and equipment | 23 | €96,023 | €95,946 | -€77 | -0.1% |
| Furniture and vehicles | 24 | €29,567 | €19,747 | -€9,820 | -33.2% |
| Other tangible fixed assets | 26 | €1,174,169 | €1,070,615 | -€103,554 | -8.8% |
| Current assets | 29/58 | €230,853 | €162,855 | -€67,998 | -29.5% |
| Amounts receivable within one year | 40/41 | €218,923 | €151,504 | -€67,420 | -30.8% |
| Trade receivables | 40 | €67,420 | - | -€67,420 | |
| Other amounts receivable | 41 | €151,504 | €151,504 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,929 | €9,492 | -€2,438 | -20.4% |
| Deferred charges and accrued income | 490/1 | - | €1,859 | +€1,859 | |
| Total equity and liabilities | 10/49 | €3,316,820 | €2,903,614 | -€413,206 | -12.5% |
| Equity | 10/15 | €617,992 | €75,010 | -€542,983 | -87.9% |
| Contributions | 10/11 | €1,784,833 | €1,784,833 | = | 0.0% |
| Capital | 10 | €1,784,833 | €1,784,833 | = | 0.0% |
| Issued capital | 100 | €1,784,833 | €1,784,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,166,841 | -€1,709,824 | -€542,983 | -46.5% |
| Amounts payable | 17/49 | €2,698,828 | €2,828,604 | +€129,776 | +4.8% |
| Amounts payable after more than one year | 17 | €2,633,934 | €2,677,140 | +€43,206 | +1.6% |
| Financial debts | 170/4 | €2,633,934 | €2,677,140 | +€43,206 | +1.6% |
| Amounts payable within one year | 42/48 | €62,894 | €151,464 | +€88,571 | +140.8% |
| Current portion of amounts payable after more than one year | 42 | €14,519 | €95,125 | +€80,606 | +555.2% |
| Trade debts | 44 | - | €8,605 | +€8,605 | |
| Suppliers | 440/4 | - | €8,605 | +€8,605 | |
| Other amounts payable | 47/48 | €48,375 | €47,734 | -€641 | -1.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451,327 | €427,491 | -€23,836 | -5.3% |
| Other operating charges | 640/8 | - | €9,765 | +€9,765 | |
| Gross operating margin | 9900 | €110,092 | €132,552 | +€22,461 | +20.4% |
| Operating profit (loss) | 9901 | -€341,236 | -€304,704 | +€36,532 | +10.7% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €2,760 | €238,279 | +€235,520 | +8533.7% |
| Recurring financial charges | 65 | €2,760 | €238,279 | +€235,520 | +8533.7% |
| Profit (loss) for the period before taxes | 9903 | -€343,983 | -€542,983 | -€199,000 | -57.9% |
| Profit (loss) for the period | 9904 | -€343,983 | -€542,983 | -€199,000 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€343,983 | -€542,983 | -€199,000 | -57.9% |
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 4 October 2026 via checked.be.