ALPROJECT: 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.
ALPROJECT
Largest movements
- Receivables within one year +€109,467
up €109,467 (+54.2%), from €202,048 to €311,515
of which Other amounts receivable: +€118,035
- Cash -€66,812
down €66,812 (-50.7%), from €131,677 to €64,865
mainly Receivables within one year (-€109,467) and Investment in fixed assets (net) (-€68,809)
- Tangible fixed assets +€26,033
up €26,033 (+21.3%), from €122,415 to €148,448
of which Furniture and vehicles: +€24,735
- Reserves +€63,900
up €63,900 (+19.6%), from €326,513 to €390,413
of which Distributable reserves: +€63,900
- Tax, wage and social debts -€39,053
down €39,053 (-43.7%), from €89,347 to €50,294
- Debts after one year +€38,505
new in 2025: €38,505
- Current portion of long-term debt +€10,513
new in 2025: €10,513
- Trade debts -€6,300
down €6,300 (-34.3%), from €18,344 to €12,043
- Depreciation +€18,524
up €18,524 (+76.4%), from €24,253 to €42,777
- Financial income +€5,440
up €5,440 (+63.6%), from €8,553 to €13,992
- Financial charges -€4,156
down €4,156 (-76.8%), from €5,413 to €1,257
of which Non-recurring financial charges: -€4,407
- Taxes -€2,506
down €2,506 (-6.7%), from €37,644 to €35,138
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 | €457,264 | €524,829 | +€67,565 | +14.8% |
| Fixed assets | 21/28 | €122,415 | €148,448 | +€26,033 | +21.3% |
| Tangible fixed assets | 22/27 | €122,415 | €148,448 | +€26,033 | +21.3% |
| Land and buildings | 22 | €20,230 | €21,535 | +€1,306 | +6.5% |
| Plant, machinery and equipment | 23 | €8 | - | -€8 | |
| Furniture and vehicles | 24 | €102,178 | €126,913 | +€24,735 | +24.2% |
| Current assets | 29/58 | €334,848 | €376,380 | +€41,532 | +12.4% |
| Amounts receivable within one year | 40/41 | €202,048 | €311,515 | +€109,467 | +54.2% |
| Trade receivables | 40 | €12,942 | €4,374 | -€8,568 | -66.2% |
| Other amounts receivable | 41 | €189,107 | €307,142 | +€118,035 | +62.4% |
| Cash at bank and in hand | 54/58 | €131,677 | €64,865 | -€66,812 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,123 | - | -€1,123 | |
| Total equity and liabilities | 10/49 | €457,264 | €524,829 | +€67,565 | +14.8% |
| Equity | 10/15 | €349,573 | €413,473 | +€63,900 | +18.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €326,513 | €390,413 | +€63,900 | +19.6% |
| Non-distributable reserves | 130/1 | €272 | €272 | = | 0.0% |
| Other | 1319 | €272 | €272 | = | 0.0% |
| Distributable reserves | 133 | €326,242 | €390,142 | +€63,900 | +19.6% |
| Profit (loss) carried forward | 14 | €4,510 | €4,510 | = | 0.0% |
| Amounts payable | 17/49 | €107,691 | €111,355 | +€3,665 | +3.4% |
| Amounts payable after more than one year | 17 | - | €38,505 | +€38,505 | |
| Financial debts | 170/4 | - | €38,505 | +€38,505 | |
| Amounts payable within one year | 42/48 | €107,691 | €72,850 | -€34,840 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,513 | +€10,513 | |
| Trade debts | 44 | €18,344 | €12,043 | -€6,300 | -34.3% |
| Suppliers | 440/4 | €18,344 | €12,043 | -€6,300 | -34.3% |
| Taxes, remuneration and social security | 45 | €89,347 | €50,294 | -€39,053 | -43.7% |
| Taxes | 450/3 | €89,347 | €50,294 | -€39,053 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,253 | €42,777 | +€18,524 | +76.4% |
| Other operating charges | 640/8 | €6,763 | €6,323 | -€440 | -6.5% |
| Gross operating margin | 9900 | €134,159 | €135,402 | +€1,243 | +0.9% |
| Operating profit (loss) | 9901 | €103,143 | €86,303 | -€16,841 | -16.3% |
| Financial income | 75/76B | €8,553 | €13,992 | +€5,440 | +63.6% |
| Recurring financial income | 75 | €8,553 | €13,992 | +€5,440 | +63.6% |
| Financial charges | 65/66B | €5,413 | €1,257 | -€4,156 | -76.8% |
| Recurring financial charges | 65 | €1,006 | €1,257 | +€251 | +25.0% |
| Non-recurring financial charges | 66B | €4,407 | - | -€4,407 | |
| Profit (loss) for the period before taxes | 9903 | €106,283 | €99,038 | -€7,245 | -6.8% |
| Income taxes | 67/77 | €37,644 | €35,138 | -€2,506 | -6.7% |
| Profit (loss) for the period | 9904 | €68,639 | €63,900 | -€4,739 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €68,639 | €63,900 | -€4,739 | -6.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.