ALRO Belgium: 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.
ALRO Belgium
Largest movements
- Cash -€272
no longer reported in 2025 (was €272)
mainly Net result for the year (-€1,704) and Receivables within one year (-€244)
- Receivables within one year +€244
up €244 (+19.6%), from €1,244 to €1,488
of which Other amounts receivable: +€244
- Current investments +€227
new in 2025: €227
- Other debts +€1,903
up €1,903 (+180%), from €1,056 to €2,959
- Profit (loss) carried forward -€1,704
down €1,704 (-1.4%), from -€119,091 to -€120,795
- Gross operating margin -€1,187
down €1,187 (-251%), from -€472 to -€1,659
- Other operating charges -€45
no longer reported in 2025 (was €45)
- Financial charges +€45
new in 2025: €45
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 | €5,729 | €5,928 | +€199 | +3.5% |
| Current assets | 29/58 | €5,729 | €5,928 | +€199 | +3.5% |
| Stocks and contracts in progress | 3 | €4,212 | €4,212 | = | 0.0% |
| Stocks | 30/36 | €4,212 | €4,212 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,244 | €1,488 | +€244 | +19.6% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €244 | €488 | +€244 | +99.8% |
| Current investments | 50/53 | - | €227 | +€227 | |
| Cash at bank and in hand | 54/58 | €272 | - | -€272 | |
| Total equity and liabilities | 10/49 | €5,729 | €5,928 | +€199 | +3.5% |
| Equity | 10/15 | -€100,328 | -€102,032 | -€1,704 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164 | €164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €164 | €164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €164 | €164 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,091 | -€120,795 | -€1,704 | -1.4% |
| Amounts payable | 17/49 | €106,056 | €107,959 | +€1,903 | +1.8% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Other amounts payable | 178/9 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,056 | €2,959 | +€1,903 | +180% |
| Other amounts payable | 47/48 | €1,056 | €2,959 | +€1,903 | +180% |
| Other operating charges | 640/8 | €45 | - | -€45 | |
| Gross operating margin | 9900 | -€472 | -€1,659 | -€1,187 | -251% |
| Operating profit (loss) | 9901 | -€517 | -€1,659 | -€1,142 | -221% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | -€517 | -€1,704 | -€1,187 | -229% |
| Profit (loss) for the period | 9904 | -€517 | -€1,704 | -€1,187 | -229% |
| Profit (loss) for the period to be appropriated | 9905 | -€517 | -€1,704 | -€1,187 | -229% |
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 21 October 2026 via checked.be.