Alstad: 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.
Alstad
Largest movements
- Cash +€343,050
up €343,050 (+931%), from €36,842 to €379,892
mainly Net result for the year (+€317,690) and Receivables within one year (+€170,196)
- Receivables within one year -€170,196
down €170,196 (-68.6%), from €248,204 to €78,007
of which Trade receivables: -€165,890
- Reserves +€317,690
up €317,690 (+34.6%), from €919,110 to €1.2m
- Debts after one year -€285,714
down €285,714 (-25.6%), from €1.1m to €828,571
- Current portion of long-term debt +€142,857
new in 2025: €142,857
- Financial income +€55,000
up €55,000 (+30.6%), from €180,000 to €235,000
- Financial charges -€6,100
down €6,100 (-16.4%), from €37,307 to €31,207
- Gross operating margin -€1,956
down €1,956 (-1.4%), from €144,705 to €142,749
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 | €2,085,045 | €2,257,899 | +€172,854 | +8.3% |
| Fixed assets | 21/28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,800,000 | €1,800,000 | = | 0.0% |
| Current assets | 29/58 | €285,045 | €457,899 | +€172,854 | +60.6% |
| Amounts receivable within one year | 40/41 | €248,204 | €78,007 | -€170,196 | -68.6% |
| Trade receivables | 40 | €239,274 | €73,385 | -€165,890 | -69.3% |
| Other amounts receivable | 41 | €8,929 | €4,622 | -€4,307 | -48.2% |
| Cash at bank and in hand | 54/58 | €36,842 | €379,892 | +€343,050 | +931% |
| Total equity and liabilities | 10/49 | €2,085,045 | €2,257,899 | +€172,854 | +8.3% |
| Equity | 10/15 | €929,110 | €1,246,800 | +€317,690 | +34.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €919,110 | €1,236,800 | +€317,690 | +34.6% |
| Distributable reserves | 133 | €919,110 | €1,236,800 | +€317,690 | +34.6% |
| Amounts payable | 17/49 | €1,155,936 | €1,011,099 | -€144,837 | -12.5% |
| Amounts payable after more than one year | 17 | €1,114,286 | €828,571 | -€285,714 | -25.6% |
| Financial debts | 170/4 | €1,114,286 | €828,571 | -€285,714 | -25.6% |
| Amounts payable within one year | 42/48 | €41,650 | €182,528 | +€140,878 | +338% |
| Current portion of amounts payable after more than one year | 42 | - | €142,857 | +€142,857 | |
| Financial debts | 43 | €27,446 | €27,447 | +€1 | 0.0% |
| Credit institutions | 430/8 | €27,446 | €27,447 | +€1 | 0.0% |
| Trade debts | 44 | €474 | €906 | +€433 | +91.4% |
| Suppliers | 440/4 | €474 | €906 | +€433 | +91.4% |
| Taxes, remuneration and social security | 45 | €13,730 | €11,318 | -€2,413 | -17.6% |
| Taxes | 450/3 | €9,253 | €9,243 | -€9 | -0.1% |
| Remuneration and social security | 454/9 | €4,478 | €2,074 | -€2,404 | -53.7% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €144,705 | €142,749 | -€1,956 | -1.4% |
| Operating profit (loss) | 9901 | €144,705 | €142,629 | -€2,076 | -1.4% |
| Financial income | 75/76B | €180,000 | €235,000 | +€55,000 | +30.6% |
| Recurring financial income | 75 | €180,000 | €235,000 | +€55,000 | +30.6% |
| Financial charges | 65/66B | €37,307 | €31,207 | -€6,100 | -16.4% |
| Recurring financial charges | 65 | €37,307 | €31,207 | -€6,100 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €287,398 | €346,423 | +€59,025 | +20.5% |
| Income taxes | 67/77 | €27,561 | €28,732 | +€1,171 | +4.2% |
| Profit (loss) for the period | 9904 | €259,837 | €317,690 | +€57,853 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €259,837 | €317,690 | +€57,853 | +22.3% |
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.