Alshain: 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.
Alshain
Largest movements
- Receivables within one year +€57,893
up €57,893 (+134%), from €43,294 to €101,187
of which Trade receivables: +€54,830
- Cash -€49,979
down €49,979 (-44.2%), from €113,000 to €63,021
mainly Contributions, distributions and other (-€90,106) and Receivables within one year (-€57,893)
- Tangible fixed assets -€11,522
down €11,522 (-42.5%), from €27,100 to €15,578
- Reserves -€45,000
down €45,000 (-90.3%), from €49,843 to €4,843
- Other debts +€44,512
up €44,512 (+42.3%), from €105,169 to €149,682
- Tax, wage and social debts -€3,129
down €3,129 (-32.8%), from €9,551 to €6,421
of which Taxes: -€3,143
No income-statement line moved by more than 1% of the activity.
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 | €183,394 | €179,786 | -€3,608 | -2.0% |
| Fixed assets | 21/28 | €27,100 | €15,578 | -€11,522 | -42.5% |
| Tangible fixed assets | 22/27 | €27,100 | €15,578 | -€11,522 | -42.5% |
| Furniture and vehicles | 24 | €27,100 | €15,578 | -€11,522 | -42.5% |
| Current assets | 29/58 | €156,294 | €164,208 | +€7,914 | +5.1% |
| Amounts receivable within one year | 40/41 | €43,294 | €101,187 | +€57,893 | +134% |
| Trade receivables | 40 | €40,263 | €95,093 | +€54,830 | +136% |
| Other amounts receivable | 41 | €3,031 | €6,094 | +€3,063 | +101% |
| Cash at bank and in hand | 54/58 | €113,000 | €63,021 | -€49,979 | -44.2% |
| Total equity and liabilities | 10/49 | €183,394 | €179,786 | -€3,608 | -2.0% |
| Equity | 10/15 | €68,443 | €23,443 | -€45,000 | -65.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,843 | €4,843 | -€45,000 | -90.3% |
| Distributable reserves | 133 | €49,843 | €4,843 | -€45,000 | -90.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,951 | €156,343 | +€41,392 | +36.0% |
| Amounts payable within one year | 42/48 | €114,951 | €156,343 | +€41,392 | +36.0% |
| Trade debts | 44 | €232 | €241 | +€9 | +3.9% |
| Suppliers | 440/4 | €232 | €241 | +€9 | +3.9% |
| Taxes, remuneration and social security | 45 | €9,551 | €6,421 | -€3,129 | -32.8% |
| Taxes | 450/3 | €6,984 | €3,841 | -€3,143 | -45.0% |
| Remuneration and social security | 454/9 | €2,567 | €2,580 | +€13 | +0.5% |
| Other amounts payable | 47/48 | €105,169 | €149,682 | +€44,512 | +42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,522 | €11,522 | = | 0.0% |
| Other operating charges | 640/8 | €561 | €528 | -€34 | -6.0% |
| Gross operating margin | 9900 | €73,215 | €73,109 | -€106 | -0.1% |
| Operating profit (loss) | 9901 | €61,132 | €61,060 | -€72 | -0.1% |
| Financial charges | 65/66B | €3,895 | €4,017 | +€122 | +3.1% |
| Recurring financial charges | 65 | €3,895 | €4,017 | +€122 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €57,237 | €57,043 | -€194 | -0.3% |
| Income taxes | 67/77 | €11,969 | €11,937 | -€31 | -0.3% |
| Profit (loss) for the period | 9904 | €45,268 | €45,106 | -€163 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,268 | €45,106 | -€163 | -0.4% |
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 26 October 2026 via checked.be.