ALSET: what changed
Two fiscal 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.
ALSET
Largest movements
- Tangible fixed assets -€33,881
down €33,881 (-7.7%), from €440,138 to €406,257
of which Land and buildings: -€18,207
- Cash +€20,889
up €20,889 (+51.8%), from €40,289 to €61,179
mainly Net result for the year (+€41,550) and Depreciation (+€33,881)
- Receivables within one year -€12,753
no longer reported in 2025 (was €12,753)
- Other debts -€49,100
down €49,100 (-69.0%), from €71,144 to €22,044
- Reserves +€41,550
up €41,550 (+50.7%), from €82,014 to €123,565
- Debts after one year -€17,987
down €17,987 (-5.2%), from €342,724 to €324,737
- Gross operating margin -€3,605
down €3,605 (-3.7%), from €97,600 to €93,995
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 | €543,333 | €517,566 | -€25,768 | -4.7% |
| Fixed assets | 21/28 | €440,138 | €406,257 | -€33,881 | -7.7% |
| Tangible fixed assets | 22/27 | €440,138 | €406,257 | -€33,881 | -7.7% |
| Land and buildings | 22 | €389,484 | €371,277 | -€18,207 | -4.7% |
| Plant, machinery and equipment | 23 | €1,303 | €891 | -€411 | -31.6% |
| Furniture and vehicles | 24 | €49,351 | €34,088 | -€15,263 | -30.9% |
| Current assets | 29/58 | €103,196 | €111,309 | +€8,113 | +7.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,753 | - | -€12,753 | |
| Trade receivables | 40 | €12,753 | - | -€12,753 | |
| Cash at bank and in hand | 54/58 | €40,289 | €61,179 | +€20,889 | +51.8% |
| Deferred charges and accrued income | 490/1 | €153 | €130 | -€23 | -14.7% |
| Total equity and liabilities | 10/49 | €543,333 | €517,566 | -€25,768 | -4.7% |
| Equity | 10/15 | €100,614 | €142,165 | +€41,550 | +41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,014 | €123,565 | +€41,550 | +50.7% |
| Distributable reserves | 133 | €82,014 | €123,565 | +€41,550 | +50.7% |
| Amounts payable | 17/49 | €442,719 | €375,401 | -€67,318 | -15.2% |
| Amounts payable after more than one year | 17 | €342,724 | €324,737 | -€17,987 | -5.2% |
| Financial debts | 170/4 | €342,724 | €324,737 | -€17,987 | -5.2% |
| Amounts payable within one year | 42/48 | €99,495 | €50,491 | -€49,004 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €17,572 | €17,987 | +€415 | +2.4% |
| Trade debts | 44 | €929 | €397 | -€531 | -57.2% |
| Suppliers | 440/4 | €929 | €397 | -€531 | -57.2% |
| Taxes, remuneration and social security | 45 | €9,851 | €10,063 | +€212 | +2.2% |
| Taxes | 450/3 | €9,851 | €10,063 | +€212 | +2.2% |
| Other amounts payable | 47/48 | €71,144 | €22,044 | -€49,100 | -69.0% |
| Accrued charges and deferred income | 492/3 | €500 | €173 | -€327 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,735 | €33,881 | +€146 | +0.4% |
| Other operating charges | 640/8 | €956 | €544 | -€413 | -43.1% |
| Gross operating margin | 9900 | €97,600 | €93,995 | -€3,605 | -3.7% |
| Operating profit (loss) | 9901 | €62,909 | €59,570 | -€3,338 | -5.3% |
| Financial income | 75/76B | €5,975 | €6,515 | +€540 | +9.0% |
| Recurring financial income | 75 | €5,975 | €6,515 | +€540 | +9.0% |
| Financial charges | 65/66B | €9,854 | €8,994 | -€860 | -8.7% |
| Recurring financial charges | 65 | €9,854 | €8,994 | -€860 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €59,030 | €57,091 | -€1,938 | -3.3% |
| Income taxes | 67/77 | €16,001 | €15,541 | -€460 | -2.9% |
| Profit (loss) for the period | 9904 | €43,028 | €41,550 | -€1,478 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,028 | €41,550 | -€1,478 | -3.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.