ALNUS: 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.
ALNUS
Largest movements
- Cash +€98,295
up €98,295 (+118%), from €83,598 to €181,893
mainly Current investments (+€76,093) and Net result for the year (+€47,205)
- Current investments -€76,093
down €76,093 (-44.7%), from €170,368 to €94,275
- Tangible fixed assets +€25,885
up €25,885 (+10.0%), from €257,653 to €283,538
of which Furniture and vehicles: +€33,190
- Reserves +€47,205
up €47,205 (+22.5%), from €209,939 to €257,145
- Other debts +€27,892
up €27,892 (+19.1%), from €145,694 to €173,586
- Debts after one year -€18,113
down €18,113 (-16.0%), from €113,010 to €94,897
- Gross operating margin +€22,779
up €22,779 (+32.9%), from €69,275 to €92,054
- Taxes +€4,328
up €4,328 (+29.5%), from €14,679 to €19,007
- Depreciation +€2,012
up €2,012 (+18.4%), from €10,915 to €12,927
- Financial charges +€1,219
up €1,219 (+9.6%), from €12,765 to €13,984
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 | €533,269 | €586,357 | +€53,087 | +10.0% |
| Fixed assets | 21/28 | €257,653 | €283,538 | +€25,885 | +10.0% |
| Tangible fixed assets | 22/27 | €257,653 | €283,538 | +€25,885 | +10.0% |
| Land and buildings | 22 | €230,995 | €225,471 | -€5,524 | -2.4% |
| Plant, machinery and equipment | 23 | - | €1,611 | +€1,611 | |
| Furniture and vehicles | 24 | €7,333 | €40,523 | +€33,190 | +453% |
| Other tangible fixed assets | 26 | €19,325 | €15,934 | -€3,391 | -17.5% |
| Current assets | 29/58 | €275,616 | €302,818 | +€27,202 | +9.9% |
| Amounts receivable within one year | 40/41 | €18,288 | €23,635 | +€5,348 | +29.2% |
| Trade receivables | 40 | €16,547 | €23,394 | +€6,848 | +41.4% |
| Other amounts receivable | 41 | €1,741 | €241 | -€1,500 | -86.2% |
| Current investments | 50/53 | €170,368 | €94,275 | -€76,093 | -44.7% |
| Cash at bank and in hand | 54/58 | €83,598 | €181,893 | +€98,295 | +118% |
| Deferred charges and accrued income | 490/1 | €3,363 | €3,015 | -€348 | -10.3% |
| Total equity and liabilities | 10/49 | €533,269 | €586,357 | +€53,087 | +10.0% |
| Equity | 10/15 | €228,539 | €275,745 | +€47,205 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,939 | €257,145 | +€47,205 | +22.5% |
| Distributable reserves | 133 | €209,939 | €257,145 | +€47,205 | +22.5% |
| Amounts payable | 17/49 | €304,730 | €310,612 | +€5,882 | +1.9% |
| Amounts payable after more than one year | 17 | €113,010 | €94,897 | -€18,113 | -16.0% |
| Financial debts | 170/4 | €113,010 | €94,897 | -€18,113 | -16.0% |
| Amounts payable within one year | 42/48 | €181,485 | €204,481 | +€22,996 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €19,309 | €19,610 | +€301 | +1.6% |
| Trade debts | 44 | €4,286 | €4,036 | -€250 | -5.8% |
| Suppliers | 440/4 | €4,286 | €4,036 | -€250 | -5.8% |
| Taxes, remuneration and social security | 45 | €12,197 | €7,250 | -€4,947 | -40.6% |
| Taxes | 450/3 | €12,197 | €7,250 | -€4,947 | -40.6% |
| Other amounts payable | 47/48 | €145,694 | €173,586 | +€27,892 | +19.1% |
| Accrued charges and deferred income | 492/3 | €10,236 | €11,234 | +€999 | +9.8% |
| Non-recurring operating income | 76A | - | €5,372 | +€5,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,915 | €12,927 | +€2,012 | +18.4% |
| Other operating charges | 640/8 | €2,812 | €3,007 | +€195 | +6.9% |
| Gross operating margin | 9900 | €69,275 | €92,054 | +€22,779 | +32.9% |
| Operating profit (loss) | 9901 | €55,548 | €76,121 | +€20,573 | +37.0% |
| Financial income | 75/76B | €4,774 | €4,076 | -€698 | -14.6% |
| Recurring financial income | 75 | €4,774 | €4,076 | -€698 | -14.6% |
| Financial charges | 65/66B | €12,765 | €13,984 | +€1,219 | +9.6% |
| Recurring financial charges | 65 | €12,765 | €13,984 | +€1,219 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €47,557 | €66,212 | +€18,655 | +39.2% |
| Income taxes | 67/77 | €14,679 | €19,007 | +€4,328 | +29.5% |
| Profit (loss) for the period | 9904 | €32,878 | €47,205 | +€14,327 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,878 | €47,205 | +€14,327 | +43.6% |
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 16 October 2026 via checked.be.