HM ALI BABA: 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.
HM ALI BABA
Largest movements
- Receivables within one year +€55,681
up €55,681 (+958%), from €5,814 to €61,494
of which Trade receivables: +€57,141
- Tangible fixed assets +€5,401
up €5,401 (+12.2%), from €44,092 to €49,493
of which Furniture and vehicles: +€5,789
- Stocks and contracts -€1,479
down €1,479 (-7.8%), from €19,058 to €17,579
- Other debts +€40,677
up €40,677 (+534%), from €7,623 to €48,300
- Advances received +€20,879
new in 2025: €20,879
- Tax, wage and social debts +€19,176
up €19,176 (+246%), from €7,788 to €26,964
of which Remuneration and social security: +€18,561
- Profit (loss) carried forward -€16,884
down €16,884 (-286%), from -€5,898 to -€22,783
- Trade debts -€5,367
down €5,367 (-10.2%), from €52,529 to €47,162
- Gross operating margin -€28,351
down €28,351 (-63.6%), from €44,574 to €16,222
- Staff costs -€24,115
down €24,115 (-77.0%), from €31,305 to €7,190
- Other operating charges +€5,917
up €5,917 (+88.9%), from €6,658 to €12,575
- Depreciation +€3,456
up €3,456 (+30.8%), from €11,216 to €14,672
- Financial charges -€2,485
no longer reported in 2025 (was €2,485)
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 | €71,281 | €129,761 | +€58,481 | +82.0% |
| Fixed assets | 21/28 | €44,092 | €49,493 | +€5,401 | +12.2% |
| Tangible fixed assets | 22/27 | €44,092 | €49,493 | +€5,401 | +12.2% |
| Plant, machinery and equipment | 23 | €18,072 | €17,684 | -€388 | -2.1% |
| Furniture and vehicles | 24 | €26,020 | €31,810 | +€5,789 | +22.2% |
| Current assets | 29/58 | €27,188 | €80,268 | +€53,080 | +195% |
| Stocks and contracts in progress | 3 | €19,058 | €17,579 | -€1,479 | -7.8% |
| Stocks | 30/36 | €19,058 | €17,579 | -€1,479 | -7.8% |
| Amounts receivable within one year | 40/41 | €5,814 | €61,494 | +€55,681 | +958% |
| Trade receivables | 40 | - | €57,141 | +€57,141 | |
| Other amounts receivable | 41 | €5,814 | €4,353 | -€1,461 | -25.1% |
| Cash at bank and in hand | 54/58 | €2,317 | €1,194 | -€1,122 | -48.4% |
| Total equity and liabilities | 10/49 | €71,281 | €129,761 | +€58,481 | +82.0% |
| Equity | 10/15 | €3,341 | -€13,543 | -€16,884 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,239 | €4,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €239 | €239 | = | 0.0% |
| Reserves not available under the articles | 1311 | €239 | €239 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,898 | -€22,783 | -€16,884 | -286% |
| Amounts payable | 17/49 | €67,939 | €143,305 | +€75,365 | +111% |
| Amounts payable within one year | 42/48 | €67,939 | €143,305 | +€75,365 | +111% |
| Trade debts | 44 | €52,529 | €47,162 | -€5,367 | -10.2% |
| Suppliers | 440/4 | €52,529 | €47,162 | -€5,367 | -10.2% |
| Advances received on contracts in progress | 46 | - | €20,879 | +€20,879 | |
| Taxes, remuneration and social security | 45 | €7,788 | €26,964 | +€19,176 | +246% |
| Taxes | 450/3 | €3,095 | €3,710 | +€615 | +19.9% |
| Remuneration and social security | 454/9 | €4,693 | €23,254 | +€18,561 | +396% |
| Other amounts payable | 47/48 | €7,623 | €48,300 | +€40,677 | +534% |
| Remuneration, social security and pensions | 62 | €31,305 | €7,190 | -€24,115 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,216 | €14,672 | +€3,456 | +30.8% |
| Other operating charges | 640/8 | €6,658 | €12,575 | +€5,917 | +88.9% |
| Gross operating margin | 9900 | €44,574 | €16,222 | -€28,351 | -63.6% |
| Operating profit (loss) | 9901 | -€4,606 | -€18,215 | -€13,609 | -295% |
| Financial income | 75/76B | €0 | €1,331 | +€1,331 | +6,655,000% |
| Recurring financial income | 75 | €0 | €1,331 | +€1,331 | +6,655,000% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,485 | - | -€2,485 | |
| Recurring financial charges | 65 | €2,485 | - | -€2,485 | |
| Profit (loss) for the period before taxes | 9903 | -€7,091 | -€16,884 | -€9,794 | -138% |
| Income taxes | 67/77 | -€645 | - | +€645 | |
| Profit (loss) for the period | 9904 | -€6,446 | -€16,884 | -€10,439 | -162% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,446 | -€16,884 | -€10,439 | -162% |
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 17 October 2026 via checked.be.