ALZEE: 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.
ALZEE
Largest movements
- Tangible fixed assets -€49,958
down €49,958 (-11.9%), from €419,437 to €369,479
- Cash +€26,492
up €26,492 (+13.4%), from €197,574 to €224,066
mainly Depreciation (+€49,958) and Net result for the year (+€1,081)
- Other debts -€9,746
down €9,746 (-5.5%), from €176,688 to €166,942
- Provisions -€9,492
down €9,492 (-4.8%), from €198,324 to €188,832
- Other operating charges +€6,099
up €6,099 (+46.2%), from €13,215 to €19,314
- Depreciation -€4,605
down €4,605 (-8.4%), from €54,563 to €49,958
- Gross operating margin -€931
down €931 (-1.3%), from €71,585 to €70,654
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 | €620,935 | €598,500 | -€22,435 | -3.6% |
| Fixed assets | 21/28 | €419,747 | €369,789 | -€49,958 | -11.9% |
| Tangible fixed assets | 22/27 | €419,437 | €369,479 | -€49,958 | -11.9% |
| Land and buildings | 22 | €419,437 | €369,479 | -€49,958 | -11.9% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €201,188 | €228,711 | +€27,523 | +13.7% |
| Amounts receivable within one year | 40/41 | €3,124 | €4,645 | +€1,521 | +48.7% |
| Trade receivables | 40 | €3,124 | €4,645 | +€1,521 | +48.7% |
| Cash at bank and in hand | 54/58 | €197,574 | €224,066 | +€26,492 | +13.4% |
| Deferred charges and accrued income | 490/1 | €490 | - | -€490 | |
| Total equity and liabilities | 10/49 | €620,935 | €598,500 | -€22,435 | -3.6% |
| Equity | 10/15 | €207,467 | €208,548 | +€1,081 | +0.5% |
| Contributions | 10/11 | €347,051 | €347,051 | = | 0.0% |
| Capital | 10 | €347,051 | €347,051 | = | 0.0% |
| Issued capital | 100 | €347,051 | €347,051 | = | 0.0% |
| Reserves | 13 | €4,264 | €4,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,264 | €4,264 | = | 0.0% |
| Legal reserve | 130 | €4,264 | €4,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,848 | -€142,767 | +€1,081 | +0.8% |
| Provisions and deferred taxes | 16 | €198,324 | €188,832 | -€9,492 | -4.8% |
| Deferred taxes | 168 | €198,324 | €188,832 | -€9,492 | -4.8% |
| Amounts payable | 17/49 | €215,144 | €201,120 | -€14,024 | -6.5% |
| Amounts payable after more than one year | 17 | €24,157 | €24,157 | = | 0.0% |
| Financial debts | 170/4 | €24,157 | €24,157 | = | 0.0% |
| Amounts payable within one year | 42/48 | €190,987 | €176,963 | -€14,024 | -7.3% |
| Trade debts | 44 | €14,299 | €10,021 | -€4,278 | -29.9% |
| Suppliers | 440/4 | €14,299 | €10,021 | -€4,278 | -29.9% |
| Other amounts payable | 47/48 | €176,688 | €166,942 | -€9,746 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,563 | €49,958 | -€4,605 | -8.4% |
| Other operating charges | 640/8 | €13,215 | €19,314 | +€6,099 | +46.2% |
| Gross operating margin | 9900 | €71,585 | €70,654 | -€931 | -1.3% |
| Operating profit (loss) | 9901 | €3,807 | €1,382 | -€2,425 | -63.7% |
| Financial charges | 65/66B | €311 | €301 | -€10 | -3.2% |
| Recurring financial charges | 65 | €311 | €301 | -€10 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €3,496 | €1,081 | -€2,415 | -69.1% |
| Profit (loss) for the period | 9904 | €3,496 | €1,081 | -€2,415 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,496 | €1,081 | -€2,415 | -69.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.