ALC IMMO: 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.
ALC IMMO
Largest movements
- Tangible fixed assets +€102,955
up €102,955 (+15.1%), from €683,073 to €786,028
of which Land and buildings: +€90,509
- Receivables within one year -€11,755
down €11,755 (-10.0%), from €117,165 to €105,410
of which Other amounts receivable: -€11,528
- Debts after one year +€89,301
up €89,301 (+16.3%), from €547,213 to €636,514
of which Financial debts: +€88,001
- Profit (loss) carried forward -€79,874
down €79,874 (-55.4%), from -€144,089 to -€223,964
- Other debts +€63,217
up €63,217 (+25.0%), from €252,893 to €316,110
- Trade debts +€22,616
up €22,616 (+5,808%), from €389 to €23,005
- Financial charges +€7,645
up €7,645 (+28.1%), from €27,212 to €34,857
of which Financial charges: +€7,645
- Gross operating margin +€5,095
up €5,095 (+37.0%), from -€13,787 to -€8,693
- Depreciation -€5,034
down €5,034 (-12.1%), from €41,765 to €36,730
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 | €881,695 | €974,399 | +€92,704 | +10.5% |
| Fixed assets | 21/28 | €763,073 | €866,028 | +€102,955 | +13.5% |
| Tangible fixed assets | 22/27 | €683,073 | €786,028 | +€102,955 | +15.1% |
| Land and buildings | 22 | €618,856 | €709,365 | +€90,509 | +14.6% |
| Plant, machinery and equipment | 23 | €64,217 | €76,663 | +€12,445 | +19.4% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €118,621 | €108,371 | -€10,251 | -8.6% |
| Amounts receivable within one year | 40/41 | €117,165 | €105,410 | -€11,755 | -10.0% |
| Trade receivables | 40 | €226 | - | -€226 | |
| Other amounts receivable | 41 | €116,938 | €105,410 | -€11,528 | -9.9% |
| Cash at bank and in hand | 54/58 | €17 | €1,438 | +€1,421 | +8,425% |
| Deferred charges and accrued income | 490/1 | €1,440 | €1,522 | +€82 | +5.7% |
| Total equity and liabilities | 10/49 | €881,695 | €974,399 | +€92,704 | +10.5% |
| Equity | 10/15 | €54,267 | -€28,230 | -€82,497 | |
| Contributions | 10/11 | €118,149 | €118,149 | = | 0.0% |
| Reserves | 13 | €80,208 | €77,586 | -€2,623 | -3.3% |
| Non-distributable reserves | 130/1 | €658 | €658 | = | 0.0% |
| Reserves not available under the articles | 1311 | €658 | €658 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,551 | €76,928 | -€2,623 | -3.3% |
| Profit (loss) carried forward | 14 | -€144,089 | -€223,964 | -€79,874 | -55.4% |
| Amounts payable | 17/49 | €827,428 | €1,002,628 | +€175,201 | +21.2% |
| Amounts payable after more than one year | 17 | €547,213 | €636,514 | +€89,301 | +16.3% |
| Financial debts | 170/4 | €547,213 | €635,214 | +€88,001 | +16.1% |
| Other amounts payable | 178/9 | - | €1,300 | +€1,300 | |
| Amounts payable within one year | 42/48 | €277,046 | €366,114 | +€89,068 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €23,763 | €26,999 | +€3,236 | +13.6% |
| Trade debts | 44 | €389 | €23,005 | +€22,616 | +5,808% |
| Suppliers | 440/4 | €389 | €23,005 | +€22,616 | +5,808% |
| Other amounts payable | 47/48 | €252,893 | €316,110 | +€63,217 | +25.0% |
| Accrued charges and deferred income | 492/3 | €3,169 | - | -€3,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,765 | €36,730 | -€5,034 | -12.1% |
| Other operating charges | 640/8 | €2,081 | €2,217 | +€136 | +6.5% |
| Gross operating margin | 9900 | -€13,787 | -€8,693 | +€5,095 | +37.0% |
| Operating profit (loss) | 9901 | -€57,633 | -€47,640 | +€9,993 | +17.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €27,212 | €34,857 | +€7,645 | +28.1% |
| Recurring financial charges | 65 | €27,212 | €34,857 | +€7,645 | +28.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€84,846 | -€82,497 | +€2,349 | +2.8% |
| Profit (loss) for the period | 9904 | -€84,846 | -€82,497 | +€2,349 | +2.8% |
| Transfer from tax-exempt reserves | 789 | €2,623 | €2,623 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,223 | -€79,874 | +€2,349 | +2.9% |
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 19 October 2026 via checked.be.