ALSYS: 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.
ALSYS
Largest movements
- Financial fixed assets -€1.6m
down €1.6m (-88.3%), from €1.8m to €215,000
- Tangible fixed assets -€26,125
down €26,125 (-10.2%), from €256,986 to €230,862
of which Land and buildings: -€13,574
- Profit (loss) carried forward -€1.6m
down €1.6m, from €1.0m to -€582,140
- Other debts -€27,000
down €27,000 (-43.6%), from €61,875 to €34,875
- Financial charges +€1.5m
up €1.5m (+1249.8%), from €120,418 to €1.6m
of which Non-recurring financial charges: +€1.5m
- Write-downs -€134,851
no longer reported in 2025 (was €134,851)
- Gross operating margin +€9,966
up €9,966 (+32.0%), from €31,140 to €41,106
- Depreciation +€4,833
up €4,833 (+22.7%), from €21,292 to €26,125
- Other operating charges +€2,199
up €2,199 (+19.5%), from €11,294 to €13,493
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 | €2,111,200 | €467,000 | -€1.6m | -77.9% |
| Fixed assets | 21/28 | €2,096,925 | €445,862 | -€1.7m | -78.7% |
| Tangible fixed assets | 22/27 | €256,986 | €230,862 | -€26,125 | -10.2% |
| Land and buildings | 22 | €244,435 | €230,862 | -€13,574 | -5.6% |
| Plant, machinery and equipment | 23 | €12,444 | - | -€12,444 | |
| Furniture and vehicles | 24 | €107 | - | -€107 | |
| Financial fixed assets | 28 | €1,839,939 | €215,000 | -€1.6m | -88.3% |
| Current assets | 29/58 | €14,275 | €21,138 | +€6,863 | +48.1% |
| Amounts receivable within one year | 40/41 | €646 | €12,535 | +€11,888 | +1839.5% |
| Other amounts receivable | 41 | €646 | €12,535 | +€11,888 | +1839.5% |
| Cash at bank and in hand | 54/58 | €11,688 | €6,607 | -€5,082 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,940 | €1,997 | +€57 | +2.9% |
| Total equity and liabilities | 10/49 | €2,111,200 | €467,000 | -€1.6m | -77.9% |
| Equity | 10/15 | €2,045,631 | €421,916 | -€1.6m | -79.4% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Capital | 10 | €325,000 | €325,000 | = | 0.0% |
| Issued capital | 100 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €679,056 | €679,056 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,500 | €32,500 | = | 0.0% |
| Legal reserve | 130 | €32,500 | €32,500 | = | 0.0% |
| Distributable reserves | 133 | €646,556 | €646,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,041,575 | -€582,140 | -€1.6m | |
| Amounts payable | 17/49 | €65,569 | €45,084 | -€20,485 | -31.2% |
| Amounts payable within one year | 42/48 | €65,569 | €45,084 | -€20,485 | -31.2% |
| Trade debts | 44 | €3,694 | €10,209 | +€6,515 | +176.3% |
| Suppliers | 440/4 | €3,694 | €10,209 | +€6,515 | +176.3% |
| Other amounts payable | 47/48 | €61,875 | €34,875 | -€27,000 | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,292 | €26,125 | +€4,833 | +22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €134,851 | - | -€134,851 | |
| Other operating charges | 640/8 | €11,294 | €13,493 | +€2,199 | +19.5% |
| Gross operating margin | 9900 | €31,140 | €41,106 | +€9,966 | +32.0% |
| Operating profit (loss) | 9901 | -€136,297 | €1,487 | +€137,784 | |
| Financial income | 75/76B | €18 | €187 | +€169 | +959.4% |
| Recurring financial income | 75 | €18 | €187 | +€169 | +959.4% |
| Financial charges | 65/66B | €120,418 | €1,625,389 | +€1.5m | +1249.8% |
| Recurring financial charges | 65 | €418 | €450 | +€32 | +7.7% |
| Non-recurring financial charges | 66B | €120,000 | €1,624,939 | +€1.5m | +1254.1% |
| Profit (loss) for the period before taxes | 9903 | -€256,698 | -€1,623,715 | -€1.4m | -532.5% |
| Profit (loss) for the period | 9904 | -€256,698 | -€1,623,715 | -€1.4m | -532.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€256,698 | -€1,623,715 | -€1.4m | -532.5% |
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 8 October 2026 via checked.be.