ALRESAN: 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.
ALRESAN
Largest movements
- Stocks and contracts -€499,582
down €499,582 (-38.1%), from €1.3m to €811,007
- Cash -€337,632
down €337,632 (-88.1%), from €383,105 to €45,473
mainly Short-term financial debts (-€600,000) and Investment in fixed assets (net) (-€120,629)
- Tangible fixed assets +€50,363
up €50,363 (+4.6%), from €1.1m to €1.1m
of which Land and buildings: +€50,077
- Short-term financial debts -€600,000
no longer reported in 2024 (was €600,000)
- Reserves -€100,000
down €100,000 (-6.9%), from €1.5m to €1.4m
of which Distributable reserves: -€100,000
- Debts after one year -€97,290
down €97,290 (-21.7%), from €449,200 to €351,909
- Gross operating margin -€122,115
down €122,115 (-66.2%), from €184,516 to €62,401
- Financial charges +€41,693
up €41,693 (+134%), from €31,068 to €72,760
- Other operating charges -€24,058
down €24,058 (-63.6%), from €37,818 to €13,759
- Depreciation +€7,757
up €7,757 (+12.4%), from €62,509 to €70,266
- Taxes -€6,495
down €6,495 (-38.9%), from €16,684 to €10,188
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,859,792 | €2,038,318 | -€821,475 | -28.7% |
| Fixed assets | 21/28 | €1,086,077 | €1,136,440 | +€50,363 | +4.6% |
| Tangible fixed assets | 22/27 | €1,084,577 | €1,134,940 | +€50,363 | +4.6% |
| Land and buildings | 22 | €1,073,517 | €1,123,594 | +€50,077 | +4.7% |
| Plant, machinery and equipment | 23 | €562 | €78 | -€484 | -86.1% |
| Furniture and vehicles | 24 | €10,498 | €11,267 | +€769 | +7.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,773,715 | €901,878 | -€871,837 | -49.2% |
| Stocks and contracts in progress | 3 | €1,310,590 | €811,007 | -€499,582 | -38.1% |
| Stocks | 30/36 | €1,310,590 | €811,007 | -€499,582 | -38.1% |
| Amounts receivable within one year | 40/41 | €58,020 | €45,397 | -€12,623 | -21.8% |
| Trade receivables | 40 | €30,257 | €164 | -€30,093 | -99.5% |
| Other amounts receivable | 41 | €27,764 | €45,233 | +€17,469 | +62.9% |
| Cash at bank and in hand | 54/58 | €383,105 | €45,473 | -€337,632 | -88.1% |
| Deferred charges and accrued income | 490/1 | €22,000 | - | -€22,000 | |
| Total equity and liabilities | 10/49 | €2,859,792 | €2,038,318 | -€821,475 | -28.7% |
| Equity | 10/15 | €1,485,292 | €1,381,000 | -€104,292 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,457,360 | €1,357,360 | -€100,000 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,455,500 | €1,355,500 | -€100,000 | -6.9% |
| Profit (loss) carried forward | 14 | €9,332 | €5,040 | -€4,292 | -46.0% |
| Amounts payable | 17/49 | €1,374,500 | €657,318 | -€717,183 | -52.2% |
| Amounts payable after more than one year | 17 | €449,200 | €351,909 | -€97,290 | -21.7% |
| Financial debts | 170/4 | €449,200 | €351,909 | -€97,290 | -21.7% |
| Amounts payable within one year | 42/48 | €925,301 | €305,408 | -€619,893 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €92,422 | €96,087 | +€3,665 | +4.0% |
| Financial debts | 43 | €600,000 | - | -€600,000 | |
| Credit institutions | 430/8 | €600,000 | - | -€600,000 | |
| Trade debts | 44 | €2,314 | €436 | -€1,878 | -81.2% |
| Suppliers | 440/4 | €2,314 | €436 | -€1,878 | -81.2% |
| Taxes, remuneration and social security | 45 | €5,430 | €480 | -€4,950 | -91.2% |
| Taxes | 450/3 | €5,430 | €480 | -€4,950 | -91.2% |
| Other amounts payable | 47/48 | €225,135 | €208,405 | -€16,730 | -7.4% |
| Non-recurring operating income | 76A | €38,715 | - | -€38,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,509 | €70,266 | +€7,757 | +12.4% |
| Other operating charges | 640/8 | €37,818 | €13,759 | -€24,058 | -63.6% |
| Non-recurring operating charges | 66A | €58 | - | -€58 | |
| Gross operating margin | 9900 | €184,516 | €62,401 | -€122,115 | -66.2% |
| Operating profit (loss) | 9901 | €84,131 | -€21,624 | -€105,755 | |
| Financial income | 75/76B | €2,897 | €281 | -€2,616 | -90.3% |
| Recurring financial income | 75 | €2,897 | €281 | -€2,616 | -90.3% |
| Financial charges | 65/66B | €31,068 | €72,760 | +€41,693 | +134% |
| Recurring financial charges | 65 | €31,068 | €72,760 | +€41,693 | +134% |
| Profit (loss) for the period before taxes | 9903 | €55,960 | -€94,103 | -€150,064 | |
| Income taxes | 67/77 | €16,684 | €10,188 | -€6,495 | -38.9% |
| Profit (loss) for the period | 9904 | €39,277 | -€104,292 | -€143,569 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,277 | -€104,292 | -€143,569 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.