ALC STUDIO: 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 STUDIO
Largest movements
- Tangible fixed assets +€52,339
up €52,339 (+22.9%), from €228,206 to €280,544
of which Furniture and vehicles: +€56,355
- Deferred charges and accrued income +€10,796
up €10,796 (+1,533%), from €704 to €11,500
- Cash -€6,878
down €6,878 (-97.5%), from €7,053 to €175
mainly Investment in fixed assets (net) (-€65,947) and Deferred charges and accrued income (-€10,796)
- Receivables within one year -€6,809
down €6,809 (-19.4%), from €35,065 to €28,256
of which Trade receivables: -€6,763
- Reserves +€17,701
up €17,701 (+11.8%), from €150,323 to €168,023
of which Distributable reserves: +€17,701
- Tax, wage and social debts +€14,332
up €14,332 (+120%), from €11,984 to €26,316
of which Taxes: +€14,016
- Current portion of long-term debt +€9,993
up €9,993 (+79.5%), from €12,567 to €22,560
- Debts after one year +€7,440
up €7,440 (+5.6%), from €133,328 to €140,768
- Gross operating margin +€6,804
up €6,804 (+15.2%), from €44,671 to €51,475
- Depreciation +€2,518
up €2,518 (+22.7%), from €11,091 to €13,609
- Staff costs +€2,443
new in 2025: €2,443
- Financial income -€1,591
down €1,591 (-93.1%), from €1,709 to €118
- Taxes +€1,466
up €1,466 (+15.8%), from €9,270 to €10,736
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 | €329,055 | €378,502 | +€49,448 | +15.0% |
| Fixed assets | 21/28 | €228,606 | €280,944 | +€52,339 | +22.9% |
| Tangible fixed assets | 22/27 | €228,206 | €280,544 | +€52,339 | +22.9% |
| Land and buildings | 22 | €214,829 | €210,812 | -€4,017 | -1.9% |
| Furniture and vehicles | 24 | €13,377 | €69,732 | +€56,355 | +421% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €100,449 | €97,558 | -€2,891 | -2.9% |
| Amounts receivable after more than one year | 29 | €57,627 | €57,627 | = | 0.0% |
| Trade receivables | 290 | €57,627 | €57,627 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,065 | €28,256 | -€6,809 | -19.4% |
| Trade receivables | 40 | €27,973 | €21,210 | -€6,763 | -24.2% |
| Other amounts receivable | 41 | €7,092 | €7,046 | -€46 | -0.7% |
| Cash at bank and in hand | 54/58 | €7,053 | €175 | -€6,878 | -97.5% |
| Deferred charges and accrued income | 490/1 | €704 | €11,500 | +€10,796 | +1,533% |
| Total equity and liabilities | 10/49 | €329,055 | €378,502 | +€49,448 | +15.0% |
| Equity | 10/15 | €162,723 | €180,423 | +€17,701 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €150,323 | €168,023 | +€17,701 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,463 | €166,163 | +€17,701 | +11.9% |
| Amounts payable | 17/49 | €166,332 | €198,079 | +€31,747 | +19.1% |
| Amounts payable after more than one year | 17 | €133,328 | €140,768 | +€7,440 | +5.6% |
| Financial debts | 170/4 | €133,328 | €140,768 | +€7,440 | +5.6% |
| Amounts payable within one year | 42/48 | €33,004 | €56,898 | +€23,893 | +72.4% |
| Current portion of amounts payable after more than one year | 42 | €12,567 | €22,560 | +€9,993 | +79.5% |
| Trade debts | 44 | €8,454 | €8,022 | -€432 | -5.1% |
| Suppliers | 440/4 | €8,454 | €8,022 | -€432 | -5.1% |
| Taxes, remuneration and social security | 45 | €11,984 | €26,316 | +€14,332 | +120% |
| Taxes | 450/3 | €11,984 | €26,000 | +€14,016 | +117% |
| Remuneration and social security | 454/9 | - | €316 | +€316 | |
| Accrued charges and deferred income | 492/3 | - | €413 | +€413 | |
| Non-recurring operating income | 76A | - | €34 | +€34 | |
| Remuneration, social security and pensions | 62 | - | €2,443 | +€2,443 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,091 | €13,609 | +€2,518 | +22.7% |
| Other operating charges | 640/8 | €2,858 | €3,051 | +€192 | +6.7% |
| Gross operating margin | 9900 | €44,671 | €51,475 | +€6,804 | +15.2% |
| Operating profit (loss) | 9901 | €30,722 | €32,373 | +€1,651 | +5.4% |
| Financial income | 75/76B | €1,709 | €118 | -€1,591 | -93.1% |
| Recurring financial income | 75 | €1,709 | €118 | -€1,591 | -93.1% |
| Financial charges | 65/66B | €3,918 | €4,054 | +€136 | +3.5% |
| Recurring financial charges | 65 | €3,918 | €4,054 | +€136 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €28,513 | €28,437 | -€76 | -0.3% |
| Income taxes | 67/77 | €9,270 | €10,736 | +€1,466 | +15.8% |
| Profit (loss) for the period | 9904 | €19,243 | €17,701 | -€1,542 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,243 | €17,701 | -€1,542 | -8.0% |
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 14 October 2026 via checked.be.