ALSY: 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.
ALSY
Largest movements
- Cash -€49,621
down €49,621 (-55.6%), from €89,309 to €39,687
mainly Net result for the year (-€280,543) and Deferred charges and accrued income (-€12,650)
- Tangible fixed assets -€18,562
down €18,562 (-31.6%), from €58,801 to €40,239
of which Plant, machinery and equipment: -€12,934
- Deferred charges and accrued income +€12,650
up €12,650 (+39.6%), from €31,928 to €44,578
- Receivables within one year +€4,528
up €4,528 (+24.0%), from €18,851 to €23,379
of which Trade receivables: +€10,538
- Profit (loss) carried forward -€280,543
down €280,543 (-59.8%), from -€468,800 to -€749,343
- Trade debts +€126,543
up €126,543 (+55.9%), from €226,368 to €352,911
- Other debts +€98,833
up €98,833 (+47566.1%), from €208 to €99,041
- Tax, wage and social debts +€17,025
up €17,025 (+11.4%), from €149,008 to €166,033
of which Remuneration and social security: +€19,571
- Current portion of long-term debt -€6,301
down €6,301 (-100.0%), from €6,301 to €0
- Gross operating margin -€175,489
down €175,489 (-14.4%), from €1.2m to €1.0m
- Depreciation -€54,840
down €54,840 (-65.1%), from €84,282 to €29,441
- Staff costs -€24,085
down €24,085 (-1.9%), from €1.3m to €1.2m
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 | €241,483 | €191,069 | -€50,414 | -20.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €75,660 | €57,098 | -€18,562 | -24.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €58,801 | €40,239 | -€18,562 | -31.6% |
| Plant, machinery and equipment | 23 | €20,847 | €7,913 | -€12,934 | -62.0% |
| Furniture and vehicles | 24 | €37,954 | €32,326 | -€5,628 | -14.8% |
| Financial fixed assets | 28 | €16,859 | €16,859 | = | 0.0% |
| Current assets | 29/58 | €165,823 | €133,971 | -€31,852 | -19.2% |
| Stocks and contracts in progress | 3 | €25,736 | €26,328 | +€591 | +2.3% |
| Stocks | 30/36 | €25,736 | €26,328 | +€591 | +2.3% |
| Amounts receivable within one year | 40/41 | €18,851 | €23,379 | +€4,528 | +24.0% |
| Trade receivables | 40 | €0 | €10,538 | +€10,538 | |
| Other amounts receivable | 41 | €18,851 | €12,840 | -€6,010 | -31.9% |
| Cash at bank and in hand | 54/58 | €89,309 | €39,687 | -€49,621 | -55.6% |
| Deferred charges and accrued income | 490/1 | €31,928 | €44,578 | +€12,650 | +39.6% |
| Total equity and liabilities | 10/49 | €241,483 | €191,069 | -€50,414 | -20.9% |
| Equity | 10/15 | -€146,373 | -€426,916 | -€280,543 | -191.7% |
| Contributions | 10/11 | €305,828 | €305,828 | = | 0.0% |
| Reserves | 13 | €16,599 | €16,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €16,599 | €16,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€468,800 | -€749,343 | -€280,543 | -59.8% |
| Amounts payable | 17/49 | €387,856 | €617,985 | +€230,129 | +59.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €381,885 | €617,985 | +€236,099 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €6,301 | €0 | -€6,301 | -100.0% |
| Trade debts | 44 | €226,368 | €352,911 | +€126,543 | +55.9% |
| Suppliers | 440/4 | €226,368 | €352,911 | +€126,543 | +55.9% |
| Taxes, remuneration and social security | 45 | €149,008 | €166,033 | +€17,025 | +11.4% |
| Taxes | 450/3 | €6,176 | €3,630 | -€2,546 | -41.2% |
| Remuneration and social security | 454/9 | €142,832 | €162,403 | +€19,571 | +13.7% |
| Other amounts payable | 47/48 | €208 | €99,041 | +€98,833 | +47566.1% |
| Accrued charges and deferred income | 492/3 | €5,970 | €0 | -€5,970 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,270,079 | €1,245,994 | -€24,085 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,282 | €29,441 | -€54,840 | -65.1% |
| Other operating charges | 640/8 | €22,609 | €26,215 | +€3,606 | +16.0% |
| Gross operating margin | 9900 | €1,221,944 | €1,046,455 | -€175,489 | -14.4% |
| Operating profit (loss) | 9901 | -€155,025 | -€255,196 | -€100,170 | -64.6% |
| Financial income | 75/76B | €8 | €5 | -€3 | -33.4% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -33.4% |
| Financial charges | 65/66B | €14,245 | €24,918 | +€10,673 | +74.9% |
| Recurring financial charges | 65 | €14,245 | €24,918 | +€10,673 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | -€169,263 | -€280,109 | -€110,846 | -65.5% |
| Income taxes | 67/77 | €578 | €434 | -€143 | -24.8% |
| Profit (loss) for the period | 9904 | -€169,841 | -€280,543 | -€110,702 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€169,841 | -€280,543 | -€110,702 | -65.2% |
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.