ALPHAR LEGLISE: 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.
ALPHAR LEGLISE
Largest movements
- Cash -€117,040
down €117,040 (-41.1%), from €284,657 to €167,617
mainly Contributions, distributions and other (-€303,503) and Investment in fixed assets (net) (-€206,058)
- Tangible fixed assets +€102,716
up €102,716 (+6.9%), from €1.5m to €1.6m
of which Land and buildings: +€109,564
- Reserves -€224,798
down €224,798 (-15.5%), from €1.5m to €1.2m
of which Distributable reserves: -€224,798
- Other debts +€139,088
up €139,088 (+335%), from €41,468 to €180,556
- Debts after one year +€108,243
up €108,243 (+18.9%), from €572,486 to €680,729
of which Other amounts payable: +€175,314
- Trade debts -€37,210
down €37,210 (-16.2%), from €229,906 to €192,696
- Depreciation +€80,990
up €80,990 (+399%), from €20,321 to €101,311
- Taxes -€22,323
down €22,323 (-40.0%), from €55,811 to €33,489
- Financial charges +€11,985
up €11,985 (+66.4%), from €18,043 to €30,028
- Staff costs +€6,148
up €6,148 (+3.5%), from €173,599 to €179,747
- Gross operating margin -€5,714
down €5,714 (-1.3%), from €430,462 to €424,748
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 | €2,543,094 | €2,529,004 | -€14,090 | -0.6% |
| Fixed assets | 21/28 | €1,513,448 | €1,618,196 | +€104,747 | +6.9% |
| Tangible fixed assets | 22/27 | €1,493,470 | €1,596,186 | +€102,716 | +6.9% |
| Land and buildings | 22 | €1,351,392 | €1,460,956 | +€109,564 | +8.1% |
| Plant, machinery and equipment | 23 | €109,856 | €108,730 | -€1,127 | -1.0% |
| Furniture and vehicles | 24 | €32,222 | €26,501 | -€5,721 | -17.8% |
| Financial fixed assets | 28 | €19,978 | €22,009 | +€2,031 | +10.2% |
| Current assets | 29/58 | €1,029,645 | €910,808 | -€118,837 | -11.5% |
| Stocks and contracts in progress | 3 | €287,398 | €266,722 | -€20,676 | -7.2% |
| Stocks | 30/36 | €287,398 | €266,722 | -€20,676 | -7.2% |
| Amounts receivable within one year | 40/41 | €449,573 | €470,802 | +€21,229 | +4.7% |
| Trade receivables | 40 | €432,459 | €448,401 | +€15,942 | +3.7% |
| Other amounts receivable | 41 | €17,114 | €22,401 | +€5,287 | +30.9% |
| Cash at bank and in hand | 54/58 | €284,657 | €167,617 | -€117,040 | -41.1% |
| Deferred charges and accrued income | 490/1 | €8,017 | €5,667 | -€2,350 | -29.3% |
| Total equity and liabilities | 10/49 | €2,543,094 | €2,529,004 | -€14,090 | -0.6% |
| Equity | 10/15 | €1,522,325 | €1,299,558 | -€222,767 | -14.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €8,153 | €10,185 | +€2,031 | +24.9% |
| Reserves | 13 | €1,452,671 | €1,227,873 | -€224,798 | -15.5% |
| Non-distributable reserves | 130/1 | €9,870 | €9,870 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,465 | €69,465 | = | 0.0% |
| Distributable reserves | 133 | €1,373,336 | €1,148,538 | -€224,798 | -16.4% |
| Amounts payable | 17/49 | €1,020,769 | €1,229,446 | +€208,677 | +20.4% |
| Amounts payable after more than one year | 17 | €572,486 | €680,729 | +€108,243 | +18.9% |
| Financial debts | 170/4 | €572,486 | €505,416 | -€67,070 | -11.7% |
| Other amounts payable | 178/9 | - | €175,314 | +€175,314 | |
| Amounts payable within one year | 42/48 | €448,283 | €548,717 | +€100,434 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €107,470 | €112,103 | +€4,633 | +4.3% |
| Trade debts | 44 | €229,906 | €192,696 | -€37,210 | -16.2% |
| Suppliers | 440/4 | €229,906 | €192,696 | -€37,210 | -16.2% |
| Taxes, remuneration and social security | 45 | €69,439 | €63,362 | -€6,077 | -8.8% |
| Taxes | 450/3 | €33,052 | €28,001 | -€5,051 | -15.3% |
| Remuneration and social security | 454/9 | €36,388 | €35,361 | -€1,026 | -2.8% |
| Other amounts payable | 47/48 | €41,468 | €180,556 | +€139,088 | +335% |
| Remuneration, social security and pensions | 62 | €173,599 | €179,747 | +€6,148 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,321 | €101,311 | +€80,990 | +399% |
| Other operating charges | 640/8 | €2,292 | €2,592 | +€300 | +13.1% |
| Gross operating margin | 9900 | €430,462 | €424,748 | -€5,714 | -1.3% |
| Operating profit (loss) | 9901 | €234,250 | €141,098 | -€93,152 | -39.8% |
| Financial income | 75/76B | €3,323 | €3,155 | -€167 | -5.0% |
| Recurring financial income | 75 | €3,323 | €3,155 | -€167 | -5.0% |
| Financial charges | 65/66B | €18,043 | €30,028 | +€11,985 | +66.4% |
| Recurring financial charges | 65 | €18,043 | €30,028 | +€11,985 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €219,530 | €114,225 | -€105,305 | -48.0% |
| Income taxes | 67/77 | €55,811 | €33,489 | -€22,323 | -40.0% |
| Profit (loss) for the period | 9904 | €163,718 | €80,736 | -€82,982 | -50.7% |
| Transfer from tax-exempt reserves | 789 | €84,200 | - | -€84,200 | |
| Transfer to tax-exempt reserves | 689 | €34,867 | - | -€34,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €213,051 | €80,736 | -€132,315 | -62.1% |
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 24 October 2026 via checked.be.