ALCADON: 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.
What changed
ALCADON
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14,268
2024 · €149,803-€164,071
Equity
-€100,128
2024 · -€85,860-€14,268
Cash
€15,215
2024 · €247,833-€232,618
Balance sheet total
€3.3m
2024 · €2.9m+€350,321
Largest movements
Assets
- Receivables within one year +€998,757
up €998,757 (+70.3%), from €1.4m to €2.4m
of which Other amounts receivable: +€555,974
- Stocks and contracts -€443,306
down €443,306 (-40.3%), from €1.1m to €657,146
- Cash -€232,618
down €232,618 (-93.9%), from €247,833 to €15,215
mainly Receivables within one year (-€998,757) and Trade debts (-€687,862)
- Financial fixed assets +€64,250
new in 2025: €64,250
Equity and liabilities
- Debts after one year +€871,546
up €871,546 (+82.9%), from €1.1m to €1.9m
- Trade debts -€687,862
down €687,862 (-42.3%), from €1.6m to €939,529
- Accrued charges and deferred income +€157,662
up €157,662 (+215%), from €73,264 to €230,926
Income statement
- Gross operating margin -€366,907
down €366,907 (-31.4%), from €1.2m to €800,406
- Write-downs -€193,019
down €193,019, from €48,813 to -€144,205
- Financial income +€22,245
up €22,245 (+244%), from €9,124 to €31,369
- Financial charges +€17,789
up €17,789 (+20.7%), from €86,055 to €103,844
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.
Result 2024
€149,803
Gross operating margin
-€366,907
Staff costs
+€7,549
Depreciation
-€2,739
Write-downs
+€193,019
Provisions
+€938
Other operating charges
+€822
Financial income
+€22,245
Financial charges
-€17,789
Taxes
-€1,208
Result 2025
-€14,268
raises the resultlowers the result
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.
From operations
-€1.0m
Investment
-€74,785
Financing
+€871,336
Cash 2024
€247,833
From operations (derived)
-€1.0m
Net result for the year
-€14,268
Depreciation
+€45,669
Stocks and contracts
+€443,306
Receivables within one year
-€998,757
Deferred charges and accrued income
+€1,628
Provisions
+€4,963
Trade debts
-€687,862
Tax, wage and social debts
+€24,446
Other debts
-€5,957
Accrued charges and deferred income
+€157,662
Investment (derived)
-€74,785
Investment in fixed assets (net)
-€74,785
Financing
+€871,336
Debts after one year
+€871,546
Short-term financial debts
-€210
Cash 2025
€15,215
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,922,632 | €3,272,953 | +€350,321 | +12.0% |
| Fixed assets | 21/28 | €113,911 | €143,027 | +€29,116 | +25.6% |
| Intangible fixed assets | 21 | €59,227 | €34,360 | -€24,867 | -42.0% |
| Tangible fixed assets | 22/27 | €54,684 | €44,417 | -€10,267 | -18.8% |
| Plant, machinery and equipment | 23 | €27,636 | €25,641 | -€1,996 | -7.2% |
| Furniture and vehicles | 24 | €27,048 | €18,776 | -€8,272 | -30.6% |
| Financial fixed assets | 28 | - | €64,250 | +€64,250 | |
| Current assets | 29/58 | €2,808,721 | €3,129,926 | +€321,205 | +11.4% |
| Stocks and contracts in progress | 3 | €1,100,452 | €657,146 | -€443,306 | -40.3% |
| Stocks | 30/36 | €1,100,452 | €657,146 | -€443,306 | -40.3% |
| Amounts receivable within one year | 40/41 | €1,421,484 | €2,420,241 | +€998,757 | +70.3% |
| Trade receivables | 40 | €1,271,384 | €1,714,167 | +€442,783 | +34.8% |
| Other amounts receivable | 41 | €150,100 | €706,074 | +€555,974 | +370% |
| Cash at bank and in hand | 54/58 | €247,833 | €15,215 | -€232,618 | -93.9% |
| Deferred charges and accrued income | 490/1 | €38,952 | €37,324 | -€1,628 | -4.2% |
| Total equity and liabilities | 10/49 | €2,922,632 | €3,272,953 | +€350,321 | +12.0% |
| Equity | 10/15 | -€85,860 | -€100,128 | -€14,268 | -16.6% |
| Contributions | 10/11 | €566,250 | €566,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€652,110 | -€666,378 | -€14,268 | -2.2% |
| Provisions and deferred taxes | 16 | €21,035 | €25,998 | +€4,963 | +23.6% |
| Provisions for liabilities and charges | 160/5 | €21,035 | €25,998 | +€4,963 | +23.6% |
| Pensions and similar obligations | 160 | €21,035 | €25,998 | +€4,963 | +23.6% |
| Amounts payable | 17/49 | €2,987,457 | €3,347,082 | +€359,625 | +12.0% |
| Amounts payable after more than one year | 17 | €1,051,051 | €1,922,597 | +€871,546 | +82.9% |
| Other amounts payable | 178/9 | €1,051,051 | €1,922,597 | +€871,546 | +82.9% |
| Amounts payable within one year | 42/48 | €1,863,142 | €1,193,559 | -€669,583 | -35.9% |
| Financial debts | 43 | €210 | €0 | -€210 | -100% |
| Credit institutions | 430/8 | €210 | €0 | -€210 | -100% |
| Trade debts | 44 | €1,627,391 | €939,529 | -€687,862 | -42.3% |
| Suppliers | 440/4 | €1,627,391 | €939,529 | -€687,862 | -42.3% |
| Taxes, remuneration and social security | 45 | €185,452 | €209,898 | +€24,446 | +13.2% |
| Taxes | 450/3 | €77,891 | €111,625 | +€33,734 | +43.3% |
| Remuneration and social security | 454/9 | €107,561 | €98,273 | -€9,288 | -8.6% |
| Other amounts payable | 47/48 | €50,088 | €44,132 | -€5,957 | -11.9% |
| Accrued charges and deferred income | 492/3 | €73,264 | €230,926 | +€157,662 | +215% |
| Remuneration, social security and pensions | 62 | €836,621 | €829,072 | -€7,549 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,930 | €45,669 | +€2,739 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,813 | -€144,205 | -€193,019 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,901 | €4,963 | -€938 | -15.9% |
| Other operating charges | 640/8 | €5,190 | €4,368 | -€822 | -15.8% |
| Gross operating margin | 9900 | €1,167,314 | €800,406 | -€366,907 | -31.4% |
| Operating profit (loss) | 9901 | €227,859 | €60,540 | -€167,319 | -73.4% |
| Financial income | 75/76B | €9,124 | €31,369 | +€22,245 | +244% |
| Recurring financial income | 75 | €9,124 | €31,369 | +€22,245 | +244% |
| Financial charges | 65/66B | €86,055 | €103,844 | +€17,789 | +20.7% |
| Recurring financial charges | 65 | €86,055 | €103,844 | +€17,789 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €150,928 | -€11,934 | -€162,863 | |
| Income taxes | 67/77 | €1,126 | €2,333 | +€1,208 | +107% |
| Profit (loss) for the period | 9904 | €149,803 | -€14,268 | -€164,071 | |
| Profit (loss) for the period to be appropriated | 9905 | €149,803 | -€14,268 | -€164,071 |
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.