ALEO: what changed
Two fiscal 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.
ALEO
Largest movements
- Cash -€41,337
down €41,337 (-63.1%), from €65,511 to €24,174
mainly Other debts (-€51,303) and Receivables within one year (-€14,429)
- Receivables within one year +€14,429
up €14,429 (+172.4%), from €8,369 to €22,798
of which Trade receivables: +€11,662
- Tangible fixed assets +€12,657
up €12,657, from €0 to €12,657
- Deferred charges and accrued income +€1,561
up €1,561 (+144.4%), from €1,081 to €2,642
- Other debts -€51,303
down €51,303 (-99.6%), from €51,524 to €221
- Reserves +€27,000
up €27,000 (+245.2%), from €11,010 to €38,010
- Trade debts +€12,158
up €12,158 (+176200.6%), from €7 to €12,165
- Tax, wage and social debts -€1,387
down €1,387 (-26.6%), from €5,205 to €3,818
- Profit (loss) carried forward +€841
up €841 (+49.0%), from €1,716 to €2,557
- Gross operating margin +€31,940
up €31,940 (+344.0%), from €9,285 to €41,226
- Taxes +€8,777
up €8,777 (+338.5%), from €2,593 to €11,370
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.
Cash bridge derived
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 | €75,961 | €63,271 | -€12,691 | -16.7% |
| Fixed assets | 21/28 | €1,000 | €13,657 | +€12,657 | +1265.7% |
| Tangible fixed assets | 22/27 | €0 | €12,657 | +€12,657 | |
| Furniture and vehicles | 24 | - | €12,657 | +€12,657 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €74,961 | €49,614 | -€25,347 | -33.8% |
| Amounts receivable within one year | 40/41 | €8,369 | €22,798 | +€14,429 | +172.4% |
| Trade receivables | 40 | €7,521 | €19,183 | +€11,662 | +155.1% |
| Other amounts receivable | 41 | €848 | €3,615 | +€2,767 | +326.3% |
| Cash at bank and in hand | 54/58 | €65,511 | €24,174 | -€41,337 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,081 | €2,642 | +€1,561 | +144.4% |
| Total equity and liabilities | 10/49 | €75,961 | €63,271 | -€12,691 | -16.7% |
| Equity | 10/15 | €19,226 | €47,067 | +€27,841 | +144.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €11,010 | €38,010 | +€27,000 | +245.2% |
| Distributable reserves | 133 | €11,010 | €38,010 | +€27,000 | +245.2% |
| Profit (loss) carried forward | 14 | €1,716 | €2,557 | +€841 | +49.0% |
| Amounts payable | 17/49 | €56,735 | €16,204 | -€40,531 | -71.4% |
| Amounts payable within one year | 42/48 | €56,735 | €16,204 | -€40,531 | -71.4% |
| Trade debts | 44 | €7 | €12,165 | +€12,158 | +176200.6% |
| Suppliers | 440/4 | €7 | €12,165 | +€12,158 | +176200.6% |
| Taxes, remuneration and social security | 45 | €5,205 | €3,818 | -€1,387 | -26.6% |
| Taxes | 450/3 | €5,205 | €3,818 | -€1,387 | -26.6% |
| Other amounts payable | 47/48 | €51,524 | €221 | -€51,303 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €306 | -€346 | -53.1% |
| Other operating charges | 640/8 | €1,301 | €1,585 | +€284 | +21.8% |
| Gross operating margin | 9900 | €9,285 | €41,226 | +€31,940 | +344.0% |
| Operating profit (loss) | 9901 | €7,332 | €39,335 | +€32,003 | +436.5% |
| Financial income | 75/76B | €2 | €3 | +€1 | +25.4% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +25.4% |
| Financial charges | 65/66B | €126 | €127 | +€1 | +0.5% |
| Recurring financial charges | 65 | €126 | €127 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €7,208 | €39,211 | +€32,003 | +444.0% |
| Income taxes | 67/77 | €2,593 | €11,370 | +€8,777 | +338.5% |
| Profit (loss) for the period | 9904 | €4,615 | €27,841 | +€23,226 | +503.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,615 | €27,841 | +€23,226 | +503.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.