PREMIUM ALLIANCE: 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.
PREMIUM ALLIANCE
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+76.3%), from €2.5m to €4.4m
- Cash +€1.8m
up €1.8m (+134%), from €1.3m to €3.1m
mainly Short-term financial debts (+€2.8m) and Stocks and contracts (+€1.5m)
- Stocks and contracts -€1.5m
down €1.5m (-12.6%), from €11.6m to €10.2m
- Tangible fixed assets +€1.4m
up €1.4m (+44.5%), from €3.2m to €4.7m
of which Land and buildings: +€1.5m
- Receivables within one year +€343,957
up €343,957 (+364%), from €94,572 to €438,530
of which Other amounts receivable: +€353,000
- Short-term financial debts +€2.8m
up €2.8m (+36.0%), from €7.8m to €10.6m
- Contributions +€1.5m
up €1.5m (+100%), from €1.5m to €3.0m
- Debts after one year -€944,155
down €944,155 (-100%), from €944,155 to €0
- Other debts +€638,552
up €638,552 (+23.3%), from €2.7m to €3.4m
- Financial income +€1.5m
up €1.5m, from €0 to €1.5m
- Gross operating margin -€1.2m
down €1.2m (-55.2%), from €2.1m to €953,917
- Financial charges +€311,627
up €311,627 (+34.9%), from €891,761 to €1.2m
of which Non-recurring financial charges: +€490,147
- Depreciation +€281,817
up €281,817 (+142%), from €198,571 to €480,388
- Taxes -€207,539
down €207,539 (-89.6%), from €231,707 to €24,168
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 | €18,814,686 | €22,811,840 | +€4.0m | +21.2% |
| Fixed assets | 21/28 | €5,724,116 | €9,059,757 | +€3.3m | +58.3% |
| Tangible fixed assets | 22/27 | €3,242,094 | €4,683,696 | +€1.4m | +44.5% |
| Land and buildings | 22 | €3,092,110 | €4,584,682 | +€1.5m | +48.3% |
| Furniture and vehicles | 24 | €94,745 | €49,841 | -€44,904 | -47.4% |
| Other tangible fixed assets | 26 | €55,239 | €49,173 | -€6,066 | -11.0% |
| Financial fixed assets | 28 | €2,482,023 | €4,376,061 | +€1.9m | +76.3% |
| Current assets | 29/58 | €13,090,570 | €13,752,083 | +€661,513 | +5.1% |
| Stocks and contracts in progress | 3 | €11,636,605 | €10,168,387 | -€1.5m | -12.6% |
| Stocks | 30/36 | €11,636,605 | €10,168,387 | -€1.5m | -12.6% |
| Amounts receivable within one year | 40/41 | €94,572 | €438,530 | +€343,957 | +364% |
| Trade receivables | 40 | €57,572 | €48,530 | -€9,043 | -15.7% |
| Other amounts receivable | 41 | €37,000 | €390,000 | +€353,000 | +954% |
| Cash at bank and in hand | 54/58 | €1,327,128 | €3,109,358 | +€1.8m | +134% |
| Deferred charges and accrued income | 490/1 | €32,265 | €35,807 | +€3,543 | +11.0% |
| Total equity and liabilities | 10/49 | €18,814,686 | €22,811,840 | +€4.0m | +21.2% |
| Equity | 10/15 | €6,907,418 | €8,641,820 | +€1.7m | +25.1% |
| Contributions | 10/11 | €1,500,000 | €3,000,000 | +€1.5m | +100% |
| Capital | 10 | €1,500,000 | €3,000,000 | +€1.5m | +100% |
| Issued capital | 100 | €1,500,000 | €3,000,000 | +€1.5m | +100% |
| Reserves | 13 | €2,323,510 | €2,369,491 | +€45,981 | +2.0% |
| Non-distributable reserves | 130/1 | €150,000 | €172,193 | +€22,193 | +14.8% |
| Legal reserve | 130 | €150,000 | €172,193 | +€22,193 | +14.8% |
| Tax-exempt reserves | 132 | €148,922 | €142,341 | -€6,581 | -4.4% |
| Distributable reserves | 133 | €2,024,588 | €2,054,957 | +€30,369 | +1.5% |
| Profit (loss) carried forward | 14 | €3,083,908 | €3,272,328 | +€188,420 | +6.1% |
| Provisions and deferred taxes | 16 | €66,230 | €63,265 | -€2,965 | -4.5% |
| Deferred taxes | 168 | €66,230 | €63,265 | -€2,965 | -4.5% |
| Amounts payable | 17/49 | €11,841,038 | €14,106,755 | +€2.3m | +19.1% |
| Amounts payable after more than one year | 17 | €944,155 | €0 | -€944,155 | -100% |
| Financial debts | 170/4 | €944,155 | €0 | -€944,155 | -100% |
| Amounts payable within one year | 42/48 | €10,847,795 | €14,074,295 | +€3.2m | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €143,336 | €0 | -€143,336 | -100% |
| Financial debts | 43 | €7,787,000 | €10,591,924 | +€2.8m | +36.0% |
| Credit institutions | 430/8 | €7,787,000 | €10,591,924 | +€2.8m | +36.0% |
| Trade debts | 44 | €63,706 | €57,641 | -€6,065 | -9.5% |
| Suppliers | 440/4 | €63,706 | €57,641 | -€6,065 | -9.5% |
| Taxes, remuneration and social security | 45 | €117,174 | €49,599 | -€67,575 | -57.7% |
| Taxes | 450/3 | €96,931 | €31,922 | -€65,009 | -67.1% |
| Remuneration and social security | 454/9 | €20,243 | €17,677 | -€2,567 | -12.7% |
| Other amounts payable | 47/48 | €2,736,579 | €3,375,131 | +€638,552 | +23.3% |
| Accrued charges and deferred income | 492/3 | €49,088 | €32,460 | -€16,628 | -33.9% |
| Remuneration, social security and pensions | 62 | €198,803 | €177,129 | -€21,674 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,571 | €480,388 | +€281,817 | +142% |
| Other operating charges | 640/8 | €67,971 | €86,611 | +€18,640 | +27.4% |
| Gross operating margin | 9900 | €2,127,939 | €953,917 | -€1.2m | -55.2% |
| Operating profit (loss) | 9901 | €1,662,594 | €209,790 | -€1.5m | -87.4% |
| Financial income | 75/76B | €0 | €1,452,084 | +€1.5m | |
| Recurring financial income | 75 | €0 | €1,452,084 | +€1.5m | |
| Financial charges | 65/66B | €891,761 | €1,203,388 | +€311,627 | +34.9% |
| Recurring financial charges | 65 | €891,761 | €713,241 | -€178,520 | -20.0% |
| Non-recurring financial charges | 66B | - | €490,147 | +€490,147 | |
| Profit (loss) for the period before taxes | 9903 | €770,833 | €458,486 | -€312,347 | -40.5% |
| Transfer from deferred taxes | 780 | €2,965 | €2,965 | +€0 | 0.0% |
| Income taxes | 67/77 | €231,707 | €24,168 | -€207,539 | -89.6% |
| Profit (loss) for the period | 9904 | €542,090 | €437,282 | -€104,808 | -19.3% |
| Transfer from tax-exempt reserves | 789 | €6,581 | €6,581 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €548,672 | €443,864 | -€104,808 | -19.1% |
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 22 October 2026 via checked.be.