ALC: 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.
ALC
Largest movements
- Tangible fixed assets +€302,322
up €302,322 (+54.2%), from €557,349 to €859,671
- Stocks and contracts -€152,000
down €152,000 (-14.3%), from €1.1m to €910,000
- Receivables within one year +€37,046
up €37,046 (+12.8%), from €290,404 to €327,450
of which Other amounts receivable: +€94,705
- Other debts +€140,364
up €140,364 (+15.2%), from €923,831 to €1.1m
- Current portion of long-term debt +€54,394
up €54,394 (+89.3%), from €60,932 to €115,326
- Depreciation +€234,163
up €234,163 (+594.0%), from €39,421 to €273,584
- Gross operating margin +€229,894
up €229,894 (+208.7%), from €110,141 to €340,035
- Other operating charges -€21,964
down €21,964 (-66.1%), from €33,250 to €11,286
- Financial charges +€14,117
up €14,117 (+42.5%), from €33,184 to €47,301
- Taxes +€4,532
up €4,532 (+239.1%), from €1,895 to €6,427
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,913,491 | €2,104,170 | +€190,679 | +10.0% |
| Fixed assets | 21/28 | €557,349 | €859,671 | +€302,322 | +54.2% |
| Tangible fixed assets | 22/27 | €557,349 | €859,671 | +€302,322 | +54.2% |
| Land and buildings | 22 | €557,349 | €859,671 | +€302,322 | +54.2% |
| Current assets | 29/58 | €1,356,141 | €1,244,499 | -€111,643 | -8.2% |
| Stocks and contracts in progress | 3 | €1,062,000 | €910,000 | -€152,000 | -14.3% |
| Stocks | 30/36 | €1,062,000 | €910,000 | -€152,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €290,404 | €327,450 | +€37,046 | +12.8% |
| Trade receivables | 40 | €174,731 | €117,072 | -€57,659 | -33.0% |
| Other amounts receivable | 41 | €115,674 | €210,379 | +€94,705 | +81.9% |
| Cash at bank and in hand | 54/58 | €3,737 | €7,048 | +€3,311 | +88.6% |
| Total equity and liabilities | 10/49 | €1,913,491 | €2,104,170 | +€190,679 | +10.0% |
| Equity | 10/15 | €87,436 | €88,873 | +€1,437 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,836 | €70,273 | +€1,437 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €66,976 | €68,413 | +€1,437 | +2.1% |
| Amounts payable | 17/49 | €1,826,055 | €2,015,297 | +€189,242 | +10.4% |
| Amounts payable after more than one year | 17 | €841,282 | €835,766 | -€5,516 | -0.7% |
| Financial debts | 170/4 | €841,282 | €835,766 | -€5,516 | -0.7% |
| Amounts payable within one year | 42/48 | €984,773 | €1,179,531 | +€194,758 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €60,932 | €115,326 | +€54,394 | +89.3% |
| Taxes, remuneration and social security | 45 | €10 | €10 | = | 0.0% |
| Taxes | 450/3 | €10 | €10 | = | 0.0% |
| Other amounts payable | 47/48 | €923,831 | €1,064,195 | +€140,364 | +15.2% |
| Non-recurring operating income | 76A | - | €438,969 | +€438,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,421 | €273,584 | +€234,163 | +594.0% |
| Other operating charges | 640/8 | €33,250 | €11,286 | -€21,964 | -66.1% |
| Gross operating margin | 9900 | €110,141 | €340,035 | +€229,894 | +208.7% |
| Operating profit (loss) | 9901 | €37,470 | €55,166 | +€17,695 | +47.2% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €33,184 | €47,301 | +€14,117 | +42.5% |
| Recurring financial charges | 65 | €33,184 | €47,301 | +€14,117 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €4,296 | €7,864 | +€3,569 | +83.1% |
| Income taxes | 67/77 | €1,895 | €6,427 | +€4,532 | +239.1% |
| Profit (loss) for the period | 9904 | €2,400 | €1,437 | -€963 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,400 | €1,437 | -€963 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.