S.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.
S.ALLIANCE
Largest movements
- Receivables within one year +€21,901
up €21,901 (+752%), from €2,911 to €24,812
of which Trade receivables: +€21,666
- Cash -€1,628
down €1,628 (-10.2%), from €15,929 to €14,301
mainly Receivables within one year (-€21,901) and Tax, wage and social debts (-€3,133)
- Accrued charges and deferred income +€17,900
new in 2025: €17,900
- Other debts +€4,611
up €4,611 (+85.1%), from €5,420 to €10,031
- Tax, wage and social debts -€3,133
down €3,133 (-47.3%), from €6,626 to €3,493
of which Remuneration and social security: -€3,700
- Profit (loss) carried forward +€2,147
up €2,147 (+126%), from €1,703 to €3,850
- Trade debts -€1,431
down €1,431 (-82.5%), from €1,735 to €304
- Gross operating margin +€859
up €859 (+36.9%), from €2,324 to €3,183
- Depreciation -€655
down €655 (-78.7%), from €833 to €178
- Taxes +€291
up €291 (+106%), from €276 to €567
- Other operating charges +€121
new in 2025: €121
- Financial charges +€58
up €58 (+51.7%), from €112 to €170
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 | €20,483 | €40,578 | +€20,095 | +98.1% |
| Fixed assets | 21/28 | €1,643 | €1,466 | -€178 | -10.8% |
| Tangible fixed assets | 22/27 | €1,643 | €1,466 | -€178 | -10.8% |
| Plant, machinery and equipment | 23 | €418 | €391 | -€26 | -6.3% |
| Furniture and vehicles | 24 | €1,225 | €1,074 | -€151 | -12.3% |
| Current assets | 29/58 | €18,840 | €39,112 | +€20,273 | +108% |
| Amounts receivable within one year | 40/41 | €2,911 | €24,812 | +€21,901 | +752% |
| Trade receivables | 40 | €1,234 | €22,900 | +€21,666 | +1,756% |
| Other amounts receivable | 41 | €1,677 | €1,912 | +€235 | +14.0% |
| Cash at bank and in hand | 54/58 | €15,929 | €14,301 | -€1,628 | -10.2% |
| Total equity and liabilities | 10/49 | €20,483 | €40,578 | +€20,095 | +98.1% |
| Equity | 10/15 | €6,703 | €8,850 | +€2,147 | +32.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,703 | €3,850 | +€2,147 | +126% |
| Amounts payable | 17/49 | €13,781 | €31,728 | +€17,947 | +130% |
| Amounts payable within one year | 42/48 | €13,781 | €13,828 | +€47 | +0.3% |
| Trade debts | 44 | €1,735 | €304 | -€1,431 | -82.5% |
| Suppliers | 440/4 | €1,735 | €304 | -€1,431 | -82.5% |
| Taxes, remuneration and social security | 45 | €6,626 | €3,493 | -€3,133 | -47.3% |
| Taxes | 450/3 | €276 | €843 | +€567 | +206% |
| Remuneration and social security | 454/9 | €6,350 | €2,650 | -€3,700 | -58.3% |
| Other amounts payable | 47/48 | €5,420 | €10,031 | +€4,611 | +85.1% |
| Accrued charges and deferred income | 492/3 | - | €17,900 | +€17,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €178 | -€655 | -78.7% |
| Other operating charges | 640/8 | - | €121 | +€121 | |
| Gross operating margin | 9900 | €2,324 | €3,183 | +€859 | +36.9% |
| Operating profit (loss) | 9901 | €1,492 | €2,885 | +€1,393 | +93.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +170% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +170% |
| Financial charges | 65/66B | €112 | €170 | +€58 | +51.7% |
| Recurring financial charges | 65 | €112 | €170 | +€58 | +51.7% |
| Profit (loss) for the period before taxes | 9903 | €1,380 | €2,715 | +€1,335 | +96.7% |
| Income taxes | 67/77 | €276 | €567 | +€291 | +106% |
| Profit (loss) for the period | 9904 | €1,104 | €2,147 | +€1,044 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,104 | €2,147 | +€1,044 | +94.6% |
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 27 October 2026 via checked.be.