ALZATA: 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.
ALZATA
Largest movements
- Tangible fixed assets +€131,972
up €131,972 (+32.9%), from €401,277 to €533,249
of which Other tangible fixed assets: +€152,346
- Cash -€33,046
down €33,046 (-23.0%), from €143,431 to €110,385
mainly Investment in fixed assets (net) (-€174,816) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€8,380
down €8,380 (-16.1%), from €52,069 to €43,689
of which Trade receivables: -€17,036
- Profit (loss) carried forward +€74,484
up €74,484 (+32.6%), from €228,354 to €302,838
- Other debts +€49,822
up €49,822 (+27,990%), from €178 to €50,000
- Tax, wage and social debts -€29,042
down €29,042 (-79.6%), from €36,486 to €7,444
- Debts after one year -€11,931
no longer reported in 2025 (was €11,931)
- Trade debts +€7,659
up €7,659 (+742%), from €1,032 to €8,691
- Depreciation +€11,211
up €11,211 (+35.4%), from €31,633 to €42,844
- Taxes -€10,710
down €10,710 (-22.6%), from €47,383 to €36,673
- Gross operating margin -€3,174
down €3,174 (-1.5%), from €209,869 to €206,695
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 | €597,857 | €688,404 | +€90,547 | +15.1% |
| Fixed assets | 21/28 | €401,377 | €533,349 | +€131,972 | +32.9% |
| Tangible fixed assets | 22/27 | €401,277 | €533,249 | +€131,972 | +32.9% |
| Land and buildings | 22 | €138,580 | €132,862 | -€5,718 | -4.1% |
| Furniture and vehicles | 24 | €46,455 | €31,799 | -€14,656 | -31.5% |
| Other tangible fixed assets | 26 | €216,242 | €368,588 | +€152,346 | +70.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €196,480 | €155,055 | -€41,425 | -21.1% |
| Amounts receivable within one year | 40/41 | €52,069 | €43,689 | -€8,380 | -16.1% |
| Trade receivables | 40 | €52,069 | €35,033 | -€17,036 | -32.7% |
| Other amounts receivable | 41 | - | €8,656 | +€8,656 | |
| Cash at bank and in hand | 54/58 | €143,431 | €110,385 | -€33,046 | -23.0% |
| Deferred charges and accrued income | 490/1 | €980 | €981 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €597,857 | €688,404 | +€90,547 | +15.1% |
| Equity | 10/15 | €535,854 | €610,338 | +€74,484 | +13.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €300,000 | €300,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,354 | €302,838 | +€74,484 | +32.6% |
| Amounts payable | 17/49 | €62,003 | €78,066 | +€16,063 | +25.9% |
| Amounts payable after more than one year | 17 | €11,931 | - | -€11,931 | |
| Financial debts | 170/4 | €11,931 | - | -€11,931 | |
| Amounts payable within one year | 42/48 | €50,072 | €78,066 | +€27,994 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €12,376 | €11,931 | -€445 | -3.6% |
| Trade debts | 44 | €1,032 | €8,691 | +€7,659 | +742% |
| Suppliers | 440/4 | €1,032 | €8,691 | +€7,659 | +742% |
| Taxes, remuneration and social security | 45 | €36,486 | €7,444 | -€29,042 | -79.6% |
| Taxes | 450/3 | €36,486 | €7,444 | -€29,042 | -79.6% |
| Other amounts payable | 47/48 | €178 | €50,000 | +€49,822 | +27,990% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,633 | €42,844 | +€11,211 | +35.4% |
| Other operating charges | 640/8 | €1,797 | €1,432 | -€365 | -20.3% |
| Gross operating margin | 9900 | €209,869 | €206,695 | -€3,174 | -1.5% |
| Operating profit (loss) | 9901 | €176,439 | €162,419 | -€14,020 | -7.9% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €1,759 | €1,273 | -€486 | -27.6% |
| Recurring financial charges | 65 | €1,759 | €1,273 | -€486 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €174,680 | €161,157 | -€13,523 | -7.7% |
| Income taxes | 67/77 | €47,383 | €36,673 | -€10,710 | -22.6% |
| Profit (loss) for the period | 9904 | €127,297 | €124,484 | -€2,813 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €127,297 | €124,484 | -€2,813 | -2.2% |
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 19 October 2026 via checked.be.