ALOHA: 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.
ALOHA
Largest movements
- Tangible fixed assets +€74,174
up €74,174 (+10.7%), from €691,110 to €765,284
of which Other tangible fixed assets: +€72,511
- Receivables within one year -€44,705
down €44,705 (-38.4%), from €116,280 to €71,575
of which Trade receivables: -€51,219
- Contributions +€530,000
up €530,000 (+64.8%), from €817,556 to €1.3m
- Profit (loss) carried forward -€384,572
down €384,572 (-78.3%), from -€491,359 to -€875,931
- Trade debts -€175,822
down €175,822 (-79.0%), from €222,447 to €46,625
- Other debts +€68,873
up €68,873 (+22.5%), from €305,920 to €374,793
- Provisions -€16,100
no longer reported in 2025 (was €16,100)
- Gross operating margin -€125,865
down €125,865 (-36.0%), from €349,959 to €224,094
- Depreciation +€84,268
up €84,268 (+191%), from €44,178 to €128,445
- Staff costs -€47,050
down €47,050 (-16.2%), from €289,696 to €242,645
- Other operating charges -€43,794
down €43,794 (-15.2%), from €288,479 to €244,686
- Provisions -€32,200
down €32,200, from €16,100 to -€16,100
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 | €928,746 | €942,171 | +€13,424 | +1.4% |
| Fixed assets | 21/28 | €766,289 | €840,463 | +€74,174 | +9.7% |
| Tangible fixed assets | 22/27 | €691,110 | €765,284 | +€74,174 | +10.7% |
| Plant, machinery and equipment | 23 | €232,900 | €217,552 | -€15,347 | -6.6% |
| Furniture and vehicles | 24 | €11,108 | €28,119 | +€17,011 | +153% |
| Other tangible fixed assets | 26 | €447,102 | €519,613 | +€72,511 | +16.2% |
| Financial fixed assets | 28 | €75,179 | €75,179 | = | 0.0% |
| Current assets | 29/58 | €162,458 | €101,708 | -€60,750 | -37.4% |
| Amounts receivable within one year | 40/41 | €116,280 | €71,575 | -€44,705 | -38.4% |
| Trade receivables | 40 | €52,719 | €1,500 | -€51,219 | -97.2% |
| Other amounts receivable | 41 | €63,560 | €70,075 | +€6,514 | +10.2% |
| Cash at bank and in hand | 54/58 | €39,343 | €30,133 | -€9,210 | -23.4% |
| Deferred charges and accrued income | 490/1 | €6,835 | - | -€6,835 | |
| Total equity and liabilities | 10/49 | €928,746 | €942,171 | +€13,424 | +1.4% |
| Equity | 10/15 | €338,301 | €483,729 | +€145,428 | +43.0% |
| Contributions | 10/11 | €817,556 | €1,347,556 | +€530,000 | +64.8% |
| Capital | 10 | €817,556 | €1,347,556 | +€530,000 | +64.8% |
| Issued capital | 100 | €817,556 | €1,347,556 | +€530,000 | +64.8% |
| Reserves | 13 | €12,104 | €12,104 | = | 0.0% |
| Non-distributable reserves | 130/1 | €648 | €648 | = | 0.0% |
| Legal reserve | 130 | €648 | €648 | = | 0.0% |
| Distributable reserves | 133 | €11,456 | €11,456 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€491,359 | -€875,931 | -€384,572 | -78.3% |
| Provisions and deferred taxes | 16 | €16,100 | - | -€16,100 | |
| Provisions for liabilities and charges | 160/5 | €16,100 | - | -€16,100 | |
| Other liabilities and charges | 164/5 | €16,100 | - | -€16,100 | |
| Amounts payable | 17/49 | €574,345 | €458,442 | -€115,903 | -20.2% |
| Amounts payable within one year | 42/48 | €574,345 | €458,442 | -€115,903 | -20.2% |
| Trade debts | 44 | €222,447 | €46,625 | -€175,822 | -79.0% |
| Suppliers | 440/4 | €222,447 | €46,625 | -€175,822 | -79.0% |
| Taxes, remuneration and social security | 45 | €45,979 | €37,025 | -€8,954 | -19.5% |
| Taxes | 450/3 | €17,915 | €3,167 | -€14,748 | -82.3% |
| Remuneration and social security | 454/9 | €28,064 | €33,858 | +€5,794 | +20.6% |
| Other amounts payable | 47/48 | €305,920 | €374,793 | +€68,873 | +22.5% |
| Non-recurring operating income | 76A | €104,099 | €70,125 | -€33,974 | -32.6% |
| Remuneration, social security and pensions | 62 | €289,696 | €242,645 | -€47,050 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,178 | €128,445 | +€84,268 | +191% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,100 | -€16,100 | -€32,200 | |
| Other operating charges | 640/8 | €288,479 | €244,686 | -€43,794 | -15.2% |
| Non-recurring operating charges | 66A | €40,842 | - | -€40,842 | |
| Gross operating margin | 9900 | €349,959 | €224,094 | -€125,865 | -36.0% |
| Operating profit (loss) | 9901 | -€329,336 | -€375,582 | -€46,246 | -14.0% |
| Financial income | 75/76B | €804 | €2,882 | +€2,078 | +258% |
| Recurring financial income | 75 | €804 | €2,882 | +€2,078 | +258% |
| Financial charges | 65/66B | €6,852 | €11,872 | +€5,020 | +73.3% |
| Recurring financial charges | 65 | €6,852 | €11,872 | +€5,020 | +73.3% |
| Profit (loss) for the period before taxes | 9903 | -€335,384 | -€384,572 | -€49,188 | -14.7% |
| Profit (loss) for the period | 9904 | -€335,384 | -€384,572 | -€49,188 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€335,384 | -€384,572 | -€49,188 | -14.7% |
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 31 October 2026 via checked.be.