ALNOTA: 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.
ALNOTA
Largest movements
- Cash +€512,851
up €512,851 (+118.5%), from €432,884 to €945,735
mainly Current investments (+€300,000) and Net result for the year (+€180,655)
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Tangible fixed assets -€49,728
down €49,728 (-5.6%), from €894,894 to €845,165
of which Land and buildings: -€32,002
- Receivables within one year -€29,832
down €29,832 (-99.4%), from €30,000 to €168
of which Trade receivables: -€30,000
- Reserves +€180,655
up €180,655 (+12.5%), from €1.4m to €1.6m
- Debts after one year -€74,071
down €74,071 (-100.0%), from €74,071 to €0
- Current portion of long-term debt +€58,584
up €58,584 (+378.3%), from €15,487 to €74,071
- Tax, wage and social debts -€19,821
down €19,821 (-38.2%), from €51,953 to €32,132
- Gross operating margin -€45,679
down €45,679 (-12.7%), from €360,786 to €315,108
- Taxes -€15,935
down €15,935 (-16.9%), from €94,410 to €78,475
- Financial income -€4,780
down €4,780 (-54.4%), from €8,787 to €4,007
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 | €1,667,725 | €1,802,526 | +€134,801 | +8.1% |
| Fixed assets | 21/28 | €894,894 | €855,165 | -€39,728 | -4.4% |
| Tangible fixed assets | 22/27 | €894,894 | €845,165 | -€49,728 | -5.6% |
| Land and buildings | 22 | €861,957 | €829,954 | -€32,002 | -3.7% |
| Furniture and vehicles | 24 | €32,937 | €15,211 | -€17,726 | -53.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €772,831 | €947,361 | +€174,529 | +22.6% |
| Amounts receivable within one year | 40/41 | €30,000 | €168 | -€29,832 | -99.4% |
| Trade receivables | 40 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 41 | - | €168 | +€168 | |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €432,884 | €945,735 | +€512,851 | +118.5% |
| Deferred charges and accrued income | 490/1 | €9,947 | €1,457 | -€8,490 | -85.3% |
| Total equity and liabilities | 10/49 | €1,667,725 | €1,802,526 | +€134,801 | +8.1% |
| Equity | 10/15 | €1,474,043 | €1,654,698 | +€180,655 | +12.3% |
| Revaluation surpluses | 12 | €26,131 | €26,131 | = | 0.0% |
| Reserves | 13 | €1,447,912 | €1,628,567 | +€180,655 | +12.5% |
| Distributable reserves | 133 | €1,447,912 | €1,628,567 | +€180,655 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €193,681 | €147,828 | -€45,854 | -23.7% |
| Amounts payable after more than one year | 17 | €74,071 | €0 | -€74,071 | -100.0% |
| Financial debts | 170/4 | €74,071 | €0 | -€74,071 | -100.0% |
| Amounts payable within one year | 42/48 | €115,465 | €145,045 | +€29,581 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €15,487 | €74,071 | +€58,584 | +378.3% |
| Trade debts | 44 | €4,015 | €800 | -€3,215 | -80.1% |
| Suppliers | 440/4 | €4,015 | €800 | -€3,215 | -80.1% |
| Taxes, remuneration and social security | 45 | €51,953 | €32,132 | -€19,821 | -38.2% |
| Taxes | 450/3 | €51,953 | €32,132 | -€19,821 | -38.2% |
| Other amounts payable | 47/48 | €44,010 | €38,042 | -€5,968 | -13.6% |
| Accrued charges and deferred income | 492/3 | €4,146 | €2,783 | -€1,363 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,141 | €49,728 | +€587 | +1.2% |
| Other operating charges | 640/8 | €5,988 | €6,105 | +€117 | +2.0% |
| Gross operating margin | 9900 | €360,786 | €315,108 | -€45,679 | -12.7% |
| Operating profit (loss) | 9901 | €305,657 | €259,274 | -€46,383 | -15.2% |
| Financial income | 75/76B | €8,787 | €4,007 | -€4,780 | -54.4% |
| Recurring financial income | 75 | €8,787 | €4,007 | -€4,780 | -54.4% |
| Financial charges | 65/66B | €5,101 | €4,152 | -€948 | -18.6% |
| Recurring financial charges | 65 | €5,101 | €4,152 | -€948 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €309,344 | €259,129 | -€50,214 | -16.2% |
| Income taxes | 67/77 | €94,410 | €78,475 | -€15,935 | -16.9% |
| Profit (loss) for the period | 9904 | €214,934 | €180,655 | -€34,279 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €214,934 | €180,655 | -€34,279 | -15.9% |
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.