ALS LOUISE: 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.
ALS LOUISE
Largest movements
- Receivables within one year -€51,477
down €51,477 (-31.1%), from €165,396 to €113,919
- Tangible fixed assets -€43,141
down €43,141 (-1.1%), from €3.8m to €3.7m
- Profit (loss) carried forward -€263,910
down €263,910 (-71.0%), from -€371,579 to -€635,489
- Other debts +€144,319
up €144,319 (+3.4%), from €4.3m to €4.4m
- Financial charges -€96,307
down €96,307 (-39.4%), from €244,516 to €148,209
- Gross operating margin +€33,022
up €33,022, from -€15,675 to €17,347
- Other operating charges +€30,466
up €30,466 (+133.4%), from €22,841 to €53,307
- Depreciation +€1,089
up €1,089 (+1.3%), from €81,663 to €82,752
- Financial income -€238
down €238 (-7.3%), from €3,249 to €3,011
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 | €3,942,293 | €3,861,259 | -€81,034 | -2.1% |
| Fixed assets | 21/28 | €3,757,607 | €3,714,466 | -€43,141 | -1.1% |
| Tangible fixed assets | 22/27 | €3,757,607 | €3,714,466 | -€43,141 | -1.1% |
| Land and buildings | 22 | €3,757,607 | €3,714,466 | -€43,141 | -1.1% |
| Current assets | 29/58 | €184,686 | €146,793 | -€37,893 | -20.5% |
| Amounts receivable within one year | 40/41 | €165,396 | €113,919 | -€51,477 | -31.1% |
| Other amounts receivable | 41 | €165,396 | €113,919 | -€51,477 | -31.1% |
| Cash at bank and in hand | 54/58 | €13,495 | €5,474 | -€8,020 | -59.4% |
| Deferred charges and accrued income | 490/1 | €5,795 | €27,400 | +€21,605 | +372.8% |
| Total equity and liabilities | 10/49 | €3,942,293 | €3,861,259 | -€81,034 | -2.1% |
| Equity | 10/15 | -€311,579 | -€575,489 | -€263,910 | -84.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,579 | -€635,489 | -€263,910 | -71.0% |
| Amounts payable | 17/49 | €4,253,872 | €4,436,748 | +€182,876 | +4.3% |
| Amounts payable after more than one year | 17 | - | €17,500 | +€17,500 | |
| Financial debts | 170/4 | - | €17,500 | +€17,500 | |
| Amounts payable within one year | 42/48 | €4,253,872 | €4,418,373 | +€164,501 | +3.9% |
| Trade debts | 44 | €2,135 | €18,790 | +€16,655 | +779.9% |
| Suppliers | 440/4 | €2,135 | €18,790 | +€16,655 | +779.9% |
| Taxes, remuneration and social security | 45 | - | €3,528 | +€3,528 | |
| Taxes | 450/3 | - | €3,528 | +€3,528 | |
| Other amounts payable | 47/48 | €4,251,737 | €4,396,056 | +€144,319 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €875 | +€875 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,663 | €82,752 | +€1,089 | +1.3% |
| Other operating charges | 640/8 | €22,841 | €53,307 | +€30,466 | +133.4% |
| Gross operating margin | 9900 | -€15,675 | €17,347 | +€33,022 | |
| Operating profit (loss) | 9901 | -€120,179 | -€118,712 | +€1,467 | +1.2% |
| Financial income | 75/76B | €3,249 | €3,011 | -€238 | -7.3% |
| Recurring financial income | 75 | €3,249 | €3,011 | -€238 | -7.3% |
| Financial charges | 65/66B | €244,516 | €148,209 | -€96,307 | -39.4% |
| Recurring financial charges | 65 | €244,516 | €148,209 | -€96,307 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€361,445 | -€263,910 | +€97,535 | +27.0% |
| Profit (loss) for the period | 9904 | -€361,445 | -€263,910 | +€97,535 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€361,445 | -€263,910 | +€97,535 | +27.0% |
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 11 October 2026 via checked.be.