ALSY BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year -€25,414
down €25,414 (-33.6%), from €75,670 to €50,256
of which Trade receivables: -€16,794
- Deferred charges and accrued income +€13,469
new in 2025: €13,469
- Cash -€7,916
down €7,916 (-80.0%), from €9,901 to €1,985
mainly Tax, wage and social debts (-€29,092) and Net result for the year (-€14,855)
- Tax, wage and social debts -€29,092
down €29,092 (-95.7%), from €30,386 to €1,294
- Profit (loss) carried forward -€23,482
no longer reported in 2025 (was €23,482)
- Trade debts +€19,295
up €19,295 (+506%), from €3,812 to €23,107
- Other debts +€13,705
up €13,705 (+293%), from €4,675 to €18,381
- Other operating charges +€17,478
up €17,478 (+8,915%), from €196 to €17,674
- Gross operating margin +€6,325
up €6,325 (+132%), from €4,795 to €11,120
- Taxes -€1,563
down €1,563 (-60.1%), from €2,601 to €1,038
- Financial charges +€951
up €951 (+16.7%), from €5,696 to €6,648
- Depreciation -€246
down €246 (-9.5%), from €2,593 to €2,347
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 | €92,159 | €72,586 | -€19,573 | -21.2% |
| Fixed assets | 21/28 | €6,589 | €6,876 | +€287 | +4.4% |
| Tangible fixed assets | 22/27 | €6,589 | €6,876 | +€287 | +4.4% |
| Furniture and vehicles | 24 | €5,431 | €6,104 | +€673 | +12.4% |
| Other tangible fixed assets | 26 | €1,158 | €772 | -€386 | -33.4% |
| Current assets | 29/58 | €85,571 | €65,710 | -€19,860 | -23.2% |
| Amounts receivable within one year | 40/41 | €75,670 | €50,256 | -€25,414 | -33.6% |
| Trade receivables | 40 | €49,072 | €32,278 | -€16,794 | -34.2% |
| Other amounts receivable | 41 | €26,598 | €17,978 | -€8,620 | -32.4% |
| Cash at bank and in hand | 54/58 | €9,901 | €1,985 | -€7,916 | -80.0% |
| Deferred charges and accrued income | 490/1 | - | €13,469 | +€13,469 | |
| Total equity and liabilities | 10/49 | €92,159 | €72,586 | -€19,573 | -21.2% |
| Equity | 10/15 | €53,286 | €29,804 | -€23,482 | -44.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,804 | €26,804 | = | 0.0% |
| Distributable reserves | 133 | €26,804 | €26,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,482 | - | -€23,482 | |
| Amounts payable | 17/49 | €38,873 | €42,782 | +€3,909 | +10.1% |
| Amounts payable within one year | 42/48 | €38,873 | €42,782 | +€3,909 | +10.1% |
| Trade debts | 44 | €3,812 | €23,107 | +€19,295 | +506% |
| Suppliers | 440/4 | €3,812 | €23,107 | +€19,295 | +506% |
| Taxes, remuneration and social security | 45 | €30,386 | €1,294 | -€29,092 | -95.7% |
| Taxes | 450/3 | €30,386 | €1,294 | -€29,092 | -95.7% |
| Other amounts payable | 47/48 | €4,675 | €18,381 | +€13,705 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | €2,347 | -€246 | -9.5% |
| Other operating charges | 640/8 | €196 | €17,674 | +€17,478 | +8,915% |
| Gross operating margin | 9900 | €4,795 | €11,120 | +€6,325 | +132% |
| Operating profit (loss) | 9901 | €2,006 | -€8,901 | -€10,907 | |
| Financial income | 75/76B | €1,918 | €1,732 | -€186 | -9.7% |
| Recurring financial income | 75 | €1,918 | €1,732 | -€186 | -9.7% |
| Financial charges | 65/66B | €5,696 | €6,648 | +€951 | +16.7% |
| Recurring financial charges | 65 | €5,696 | €6,648 | +€951 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,773 | -€13,817 | -€12,045 | -679% |
| Income taxes | 67/77 | €2,601 | €1,038 | -€1,563 | -60.1% |
| Profit (loss) for the period | 9904 | -€4,374 | -€14,855 | -€10,481 | -240% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,374 | -€14,855 | -€10,481 | -240% |
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 31 October 2026 via checked.be.