ALSEMBERG CHALLENGE THREE: 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.
ALSEMBERG CHALLENGE THREE
Largest movements
- Stocks and contracts -€79,824
no longer reported in 2025 (was €79,824)
- Intangible fixed assets -€32,720
no longer reported in 2025 (was €32,720)
- Cash -€22,982
down €22,982 (-39.0%), from €58,897 to €35,915
mainly Trade debts (-€236,742) and Tax, wage and social debts (-€11,108)
- Tangible fixed assets -€21,433
no longer reported in 2025 (was €21,433)
of which Furniture and vehicles: -€13,346
- Receivables within one year -€21,312
down €21,312 (-76.9%), from €27,711 to €6,399
- Trade debts -€236,742
down €236,742 (-86.6%), from €273,295 to €36,553
- Profit (loss) carried forward +€66,418
up €66,418 (+40.1%), from -€165,536 to -€99,119
- Tax, wage and social debts -€11,108
down €11,108 (-29.7%), from €37,454 to €26,346
of which Remuneration and social security: -€18,304
- Gross operating margin +€115,096
up €115,096 (+30.5%), from €377,023 to €492,119
- Depreciation -€16,681
no longer reported in 2025 (was €16,681)
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 | €225,213 | €43,780 | -€181,433 | -80.6% |
| Fixed assets | 21/28 | €54,153 | - | -€54,153 | |
| Intangible fixed assets | 21 | €32,720 | - | -€32,720 | |
| Tangible fixed assets | 22/27 | €21,433 | - | -€21,433 | |
| Plant, machinery and equipment | 23 | €1,200 | - | -€1,200 | |
| Furniture and vehicles | 24 | €13,346 | - | -€13,346 | |
| Other tangible fixed assets | 26 | €6,887 | - | -€6,887 | |
| Current assets | 29/58 | €171,060 | €43,780 | -€127,280 | -74.4% |
| Stocks and contracts in progress | 3 | €79,824 | - | -€79,824 | |
| Stocks | 30/36 | €79,824 | - | -€79,824 | |
| Amounts receivable within one year | 40/41 | €27,711 | €6,399 | -€21,312 | -76.9% |
| Other amounts receivable | 41 | €27,711 | €6,399 | -€21,312 | -76.9% |
| Cash at bank and in hand | 54/58 | €58,897 | €35,915 | -€22,982 | -39.0% |
| Deferred charges and accrued income | 490/1 | €4,627 | €1,466 | -€3,161 | -68.3% |
| Total equity and liabilities | 10/49 | €225,213 | €43,780 | -€181,433 | -80.6% |
| Equity | 10/15 | -€85,536 | -€19,119 | +€66,418 | +77.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,536 | -€99,119 | +€66,418 | +40.1% |
| Amounts payable | 17/49 | €310,749 | €62,899 | -€247,851 | -79.8% |
| Amounts payable within one year | 42/48 | €310,749 | €62,899 | -€247,851 | -79.8% |
| Trade debts | 44 | €273,295 | €36,553 | -€236,742 | -86.6% |
| Suppliers | 440/4 | €273,295 | €36,553 | -€236,742 | -86.6% |
| Taxes, remuneration and social security | 45 | €37,454 | €26,346 | -€11,108 | -29.7% |
| Taxes | 450/3 | - | €7,195 | +€7,195 | |
| Remuneration and social security | 454/9 | €37,454 | €19,151 | -€18,304 | -48.9% |
| Non-recurring operating income | 76A | - | €152,653 | +€152,653 | |
| Remuneration, social security and pensions | 62 | €396,898 | €394,348 | -€2,550 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,681 | - | -€16,681 | |
| Other operating charges | 640/8 | €7,113 | €10,569 | +€3,456 | +48.6% |
| Gross operating margin | 9900 | €377,023 | €492,119 | +€115,096 | +30.5% |
| Operating profit (loss) | 9901 | -€43,669 | €87,201 | +€130,870 | |
| Financial income | 75/76B | €23 | €8 | -€15 | -63.1% |
| Recurring financial income | 75 | €23 | €8 | -€15 | -63.1% |
| Financial charges | 65/66B | €20,939 | €16,317 | -€4,622 | -22.1% |
| Recurring financial charges | 65 | €20,939 | €16,317 | -€4,622 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,585 | €70,893 | +€135,478 | |
| Income taxes | 67/77 | - | €4,475 | +€4,475 | |
| Profit (loss) for the period | 9904 | -€64,585 | €66,418 | +€131,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,585 | €66,418 | +€131,003 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.