ALAZ: 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.
ALAZ
Largest movements
- Tangible fixed assets -€6,039
down €6,039 (-11.7%), from €51,504 to €45,465
of which Plant, machinery and equipment: -€3,881
- Cash -€1,156
down €1,156 (-12.6%), from €9,187 to €8,031
mainly Net result for the year (-€23,547)
- Profit (loss) carried forward -€23,547
down €23,547 (-67.5%), from €34,880 to €11,333
- Trade debts +€8,691
up €8,691 (+39.6%), from €21,938 to €30,629
- Tax, wage and social debts +€7,545
up €7,545 (+38.0%), from €19,860 to €27,405
of which Remuneration and social security: +€21,000
- Gross operating margin -€52,754
down €52,754, from €41,413 to -€11,341
- Depreciation +€3,803
up €3,803 (+170%), from €2,236 to €6,039
- Taxes -€3,631
down €3,631 (-94.3%), from €3,851 to €220
- Other operating charges -€787
down €787 (-35.0%), from €2,251 to €1,464
- Staff costs -€479
new in 2025: -€479
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 | €79,978 | €72,667 | -€7,310 | -9.1% |
| Fixed assets | 21/28 | €51,504 | €45,465 | -€6,039 | -11.7% |
| Tangible fixed assets | 22/27 | €51,504 | €45,465 | -€6,039 | -11.7% |
| Land and buildings | 22 | €11,274 | €10,066 | -€1,208 | -10.7% |
| Plant, machinery and equipment | 23 | €37,842 | €33,961 | -€3,881 | -10.3% |
| Furniture and vehicles | 24 | €2,388 | €1,439 | -€950 | -39.8% |
| Current assets | 29/58 | €28,474 | €27,202 | -€1,272 | -4.5% |
| Stocks and contracts in progress | 3 | €16,433 | €16,433 | = | 0.0% |
| Stocks | 30/36 | €16,433 | €16,433 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,240 | €1,220 | -€19 | -1.5% |
| Other amounts receivable | 41 | €1,240 | €1,220 | -€19 | -1.5% |
| Cash at bank and in hand | 54/58 | €9,187 | €8,031 | -€1,156 | -12.6% |
| Deferred charges and accrued income | 490/1 | €1,614 | €1,517 | -€97 | -6.0% |
| Total equity and liabilities | 10/49 | €79,978 | €72,667 | -€7,310 | -9.1% |
| Equity | 10/15 | €38,180 | €14,633 | -€23,547 | -61.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,880 | €11,333 | -€23,547 | -67.5% |
| Amounts payable | 17/49 | €41,798 | €58,034 | +€16,236 | +38.8% |
| Amounts payable within one year | 42/48 | €41,798 | €58,034 | +€16,236 | +38.8% |
| Trade debts | 44 | €21,938 | €30,629 | +€8,691 | +39.6% |
| Suppliers | 440/4 | €21,938 | €30,629 | +€8,691 | +39.6% |
| Taxes, remuneration and social security | 45 | €19,860 | €27,405 | +€7,545 | +38.0% |
| Taxes | 450/3 | €19,860 | €6,405 | -€13,455 | -67.7% |
| Remuneration and social security | 454/9 | - | €21,000 | +€21,000 | |
| Remuneration, social security and pensions | 62 | - | -€479 | -€479 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,236 | €6,039 | +€3,803 | +170% |
| Other operating charges | 640/8 | €2,251 | €1,464 | -€787 | -35.0% |
| Non-recurring operating charges | 66A | €5,188 | - | -€5,188 | |
| Gross operating margin | 9900 | €41,413 | -€11,341 | -€52,754 | |
| Operating profit (loss) | 9901 | €31,739 | -€18,364 | -€50,103 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,146 | €4,963 | -€183 | -3.6% |
| Recurring financial charges | 65 | €5,146 | €4,963 | -€183 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €26,594 | -€23,327 | -€49,921 | |
| Income taxes | 67/77 | €3,851 | €220 | -€3,631 | -94.3% |
| Profit (loss) for the period | 9904 | €22,743 | -€23,547 | -€46,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,743 | -€23,547 | -€46,289 |
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 26 October 2026 via checked.be.