Aluditi: 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.
Aluditi
Largest movements
- Cash -€95,313
down €95,313 (-31.3%), from €304,444 to €209,131
mainly Contributions, distributions and other (-€103,000) and Debts after one year (-€81,895)
- Receivables after one year +€60,950
new in 2025: €60,950
- Receivables within one year +€54,219
up €54,219 (+25.3%), from €214,613 to €268,831
of which Other amounts receivable: +€44,857
- Tangible fixed assets -€40,825
down €40,825 (-2.4%), from €1.7m to €1.7m
of which Land and buildings: -€50,558
- Debts after one year -€81,895
down €81,895 (-6.1%), from €1.3m to €1.3m
- Other debts +€56,730
up €56,730 (+361%), from €15,720 to €72,450
- Profit (loss) carried forward -€50,932
down €50,932 (-55.1%), from €92,420 to €41,488
- Reserves +€50,250
up €50,250 (+7.8%), from €647,594 to €697,844
of which Tax-exempt reserves: +€50,250
- Gross operating margin +€58,073
up €58,073 (+35.8%), from €162,146 to €220,218
- Taxes +€19,189
up €19,189 (+99.6%), from €19,274 to €38,464
- Depreciation +€3,067
up €3,067 (+5.3%), from €58,167 to €61,234
- Financial charges -€2,615
down €2,615 (-10.9%), from €23,929 to €21,314
- Financial income +€2,398
up €2,398 (+37.3%), from €6,436 to €8,833
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 | €2,312,313 | €2,296,513 | -€15,800 | -0.7% |
| Fixed assets | 21/28 | €1,726,012 | €1,685,186 | -€40,825 | -2.4% |
| Tangible fixed assets | 22/27 | €1,726,012 | €1,685,186 | -€40,825 | -2.4% |
| Land and buildings | 22 | €1,691,843 | €1,641,285 | -€50,558 | -3.0% |
| Plant, machinery and equipment | 23 | €1,849 | €907 | -€942 | -51.0% |
| Furniture and vehicles | 24 | €32,320 | €42,994 | +€10,675 | +33.0% |
| Current assets | 29/58 | €586,301 | €611,327 | +€25,026 | +4.3% |
| Amounts receivable after more than one year | 29 | - | €60,950 | +€60,950 | |
| Trade receivables | 290 | - | €60,950 | +€60,950 | |
| Amounts receivable within one year | 40/41 | €214,613 | €268,831 | +€54,219 | +25.3% |
| Trade receivables | 40 | €52,275 | €61,636 | +€9,362 | +17.9% |
| Other amounts receivable | 41 | €162,338 | €207,195 | +€44,857 | +27.6% |
| Current investments | 50/53 | €56,905 | €56,905 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €304,444 | €209,131 | -€95,313 | -31.3% |
| Deferred charges and accrued income | 490/1 | €10,340 | €15,510 | +€5,170 | +50.0% |
| Total equity and liabilities | 10/49 | €2,312,313 | €2,296,513 | -€15,800 | -0.7% |
| Equity | 10/15 | €840,013 | €839,331 | -€682 | -0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €647,594 | €697,844 | +€50,250 | +7.8% |
| Tax-exempt reserves | 132 | - | €50,250 | +€50,250 | |
| Distributable reserves | 133 | €647,594 | €647,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,420 | €41,488 | -€50,932 | -55.1% |
| Amounts payable | 17/49 | €1,472,299 | €1,457,182 | -€15,118 | -1.0% |
| Amounts payable after more than one year | 17 | €1,345,771 | €1,263,876 | -€81,895 | -6.1% |
| Financial debts | 170/4 | €1,345,771 | €1,263,876 | -€81,895 | -6.1% |
| Amounts payable within one year | 42/48 | €115,330 | €175,051 | +€59,720 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €80,507 | €84,132 | +€3,625 | +4.5% |
| Trade debts | 44 | €12,936 | €14,791 | +€1,855 | +14.3% |
| Suppliers | 440/4 | €12,936 | €14,791 | +€1,855 | +14.3% |
| Taxes, remuneration and social security | 45 | €6,167 | €3,678 | -€2,489 | -40.4% |
| Taxes | 450/3 | €6,167 | €1,356 | -€4,811 | -78.0% |
| Remuneration and social security | 454/9 | - | €2,322 | +€2,322 | |
| Other amounts payable | 47/48 | €15,720 | €72,450 | +€56,730 | +361% |
| Accrued charges and deferred income | 492/3 | €11,198 | €18,255 | +€7,057 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,167 | €61,234 | +€3,067 | +5.3% |
| Other operating charges | 640/8 | €7,307 | €5,723 | -€1,585 | -21.7% |
| Gross operating margin | 9900 | €162,146 | €220,218 | +€58,073 | +35.8% |
| Operating profit (loss) | 9901 | €96,671 | €153,262 | +€56,591 | +58.5% |
| Financial income | 75/76B | €6,436 | €8,833 | +€2,398 | +37.3% |
| Recurring financial income | 75 | €6,436 | €8,833 | +€2,398 | +37.3% |
| Financial charges | 65/66B | €23,929 | €21,314 | -€2,615 | -10.9% |
| Recurring financial charges | 65 | €23,929 | €21,314 | -€2,615 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €79,178 | €140,782 | +€61,604 | +77.8% |
| Income taxes | 67/77 | €19,274 | €38,464 | +€19,189 | +99.6% |
| Profit (loss) for the period | 9904 | €59,903 | €102,318 | +€42,414 | +70.8% |
| Transfer to tax-exempt reserves | 689 | - | €50,250 | +€50,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,903 | €52,068 | -€7,836 | -13.1% |
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 29 October 2026 via checked.be.