Alouette: 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.
Alouette
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-3.3%), from €45.1m to €43.6m
of which Land and buildings: -€1.5m
- Receivables after one year +€1.3m
up €1.3m (+33.9%), from €3.7m to €5.0m
- Current investments +€830,000
up €830,000, from €0 to €830,000
- Cash -€666,634
down €666,634 (-37.9%), from €1.8m to €1.1m
mainly Debts after one year (-€2.0m) and Receivables after one year (-€1.3m)
- Deferred charges and accrued income -€538,515
down €538,515 (-26.8%), from €2.0m to €1.5m
- Debts after one year -€2.0m
down €2.0m (-4.0%), from €50.3m to €48.3m
- Profit (loss) carried forward +€971,627
up €971,627 (+34.1%), from -€2.9m to -€1.9m
- Taxes +€491,877
up €491,877 (+4553.1%), from €10,803 to €502,680
- Financial charges -€250,562
down €250,562 (-14.6%), from €1.7m to €1.5m
- Gross operating margin +€50,564
up €50,564 (+1.2%), from €4.1m to €4.2m
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 | €53,365,886 | €52,530,366 | -€835,520 | -1.6% |
| Fixed assets | 21/28 | €45,073,886 | €43,560,183 | -€1.5m | -3.4% |
| Intangible fixed assets | 21 | €9,087 | €4,129 | -€4,958 | -54.6% |
| Tangible fixed assets | 22/27 | €45,064,799 | €43,556,054 | -€1.5m | -3.3% |
| Land and buildings | 22 | €45,034,035 | €43,537,189 | -€1.5m | -3.3% |
| Plant, machinery and equipment | 23 | €30,764 | €18,866 | -€11,898 | -38.7% |
| Current assets | 29/58 | €8,292,000 | €8,970,183 | +€678,183 | +8.2% |
| Amounts receivable after more than one year | 29 | €3,704,764 | €4,960,256 | +€1.3m | +33.9% |
| Other amounts receivable | 291 | €3,704,764 | €4,960,256 | +€1.3m | +33.9% |
| Amounts receivable within one year | 40/41 | €815,532 | €613,373 | -€202,160 | -24.8% |
| Trade receivables | 40 | €815,532 | €613,373 | -€202,160 | -24.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | €830,000 | +€830,000 | |
| Cash at bank and in hand | 54/58 | €1,759,068 | €1,092,434 | -€666,634 | -37.9% |
| Deferred charges and accrued income | 490/1 | €2,012,636 | €1,474,121 | -€538,515 | -26.8% |
| Total equity and liabilities | 10/49 | €53,365,886 | €52,530,366 | -€835,520 | -1.6% |
| Equity | 10/15 | €345,225 | €1,306,618 | +€961,393 | +278.5% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Capital | 10 | €3,000,000 | €3,000,000 | = | 0.0% |
| Issued capital | 100 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,852,540 | -€1,880,913 | +€971,627 | +34.1% |
| Investment grants | 15 | €197,765 | €187,530 | -€10,234 | -5.2% |
| Amounts payable | 17/49 | €53,020,662 | €51,223,749 | -€1.8m | -3.4% |
| Amounts payable after more than one year | 17 | €50,260,000 | €48,260,000 | -€2.0m | -4.0% |
| Financial debts | 170/4 | €50,260,000 | €48,260,000 | -€2.0m | -4.0% |
| Amounts payable within one year | 42/48 | €2,153,042 | €2,315,983 | +€162,941 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €1,800,000 | €2,000,000 | +€200,000 | +11.1% |
| Trade debts | 44 | €230,240 | €161,298 | -€68,942 | -29.9% |
| Suppliers | 440/4 | €230,240 | €161,298 | -€68,942 | -29.9% |
| Taxes, remuneration and social security | 45 | €122,802 | €154,685 | +€31,882 | +26.0% |
| Taxes | 450/3 | €122,802 | €154,685 | +€31,882 | +26.0% |
| Accrued charges and deferred income | 492/3 | €607,619 | €647,766 | +€40,146 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,513,745 | €1,513,703 | -€42 | 0.0% |
| Other operating charges | 640/8 | €1,071 | €1,105 | +€34 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,132,999 | €4,183,563 | +€50,564 | +1.2% |
| Operating profit (loss) | 9901 | €2,618,183 | €2,668,756 | +€50,572 | +1.9% |
| Financial income | 75/76B | €252,461 | €277,064 | +€24,604 | +9.7% |
| Recurring financial income | 75 | €252,461 | €277,064 | +€24,604 | +9.7% |
| Financial charges | 65/66B | €1,722,075 | €1,471,513 | -€250,562 | -14.6% |
| Recurring financial charges | 65 | €1,722,075 | €1,471,513 | -€250,562 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €1,148,569 | €1,474,308 | +€325,738 | +28.4% |
| Income taxes | 67/77 | €10,803 | €502,680 | +€491,877 | +4553.1% |
| Profit (loss) for the period | 9904 | €1,137,766 | €971,627 | -€166,138 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,137,766 | €971,627 | -€166,138 | -14.6% |
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 12 October 2026 via checked.be.