ALCAGENIE: 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.
ALCAGENIE
Largest movements
- Tangible fixed assets +€63,353
up €63,353 (+193%), from €32,853 to €96,206
of which Furniture and vehicles: +€63,424
- Cash +€33,200
up €33,200 (+54.7%), from €60,643 to €93,843
mainly Net result for the year (+€38,616) and Debts after one year (+€35,010)
- Receivables within one year -€12,937
down €12,937 (-39.0%), from €33,203 to €20,266
of which Other amounts receivable: -€9,562
- Deferred charges and accrued income +€2,624
up €2,624, from €0 to €2,624
- Profit (loss) carried forward +€38,616
new in 2025: €38,616
- Debts after one year +€35,010
new in 2025: €35,010
- Current portion of long-term debt +€12,787
new in 2025: €12,787
- Other debts +€7,023
new in 2025: €7,023
- Tax, wage and social debts -€3,760
down €3,760 (-8.4%), from €44,859 to €41,099
of which Remuneration and social security: -€2,000
- Gross operating margin +€17,242
up €17,242 (+29.7%), from €58,063 to €75,305
- Depreciation +€9,435
up €9,435 (+462%), from €2,043 to €11,479
- Other operating charges +€7,629
new in 2025: €7,629
- Taxes -€1,988
down €1,988 (-11.6%), from €17,110 to €15,123
- Financial charges +€1,091
up €1,091 (+69.7%), from €1,566 to €2,656
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 | €126,699 | €212,939 | +€86,240 | +68.1% |
| Fixed assets | 21/28 | €32,853 | €96,206 | +€63,353 | +193% |
| Tangible fixed assets | 22/27 | €32,853 | €96,206 | +€63,353 | +193% |
| Furniture and vehicles | 24 | - | €63,424 | +€63,424 | |
| Other tangible fixed assets | 26 | €32,853 | €32,782 | -€71 | -0.2% |
| Current assets | 29/58 | €93,846 | €116,734 | +€22,888 | +24.4% |
| Amounts receivable within one year | 40/41 | €33,203 | €20,266 | -€12,937 | -39.0% |
| Trade receivables | 40 | €23,641 | €20,266 | -€3,375 | -14.3% |
| Other amounts receivable | 41 | €9,562 | €0 | -€9,562 | -100% |
| Cash at bank and in hand | 54/58 | €60,643 | €93,843 | +€33,200 | +54.7% |
| Deferred charges and accrued income | 490/1 | €0 | €2,624 | +€2,624 | |
| Total equity and liabilities | 10/49 | €126,699 | €212,939 | +€86,240 | +68.1% |
| Equity | 10/15 | €73,159 | €111,775 | +€38,616 | +52.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,159 | €70,159 | = | 0.0% |
| Distributable reserves | 133 | €70,159 | €70,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €38,616 | +€38,616 | |
| Amounts payable | 17/49 | €53,540 | €101,165 | +€47,624 | +89.0% |
| Amounts payable after more than one year | 17 | - | €35,010 | +€35,010 | |
| Financial debts | 170/4 | - | €35,010 | +€35,010 | |
| Amounts payable within one year | 42/48 | €53,027 | €66,155 | +€13,128 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,787 | +€12,787 | |
| Trade debts | 44 | €8,168 | €5,245 | -€2,923 | -35.8% |
| Suppliers | 440/4 | €8,168 | €5,245 | -€2,923 | -35.8% |
| Taxes, remuneration and social security | 45 | €44,859 | €41,099 | -€3,760 | -8.4% |
| Taxes | 450/3 | €42,859 | €41,099 | -€1,760 | -4.1% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | - | €7,023 | +€7,023 | |
| Accrued charges and deferred income | 492/3 | €514 | €0 | -€514 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €11,479 | +€9,435 | +462% |
| Other operating charges | 640/8 | - | €7,629 | +€7,629 | |
| Gross operating margin | 9900 | €58,063 | €75,305 | +€17,242 | +29.7% |
| Operating profit (loss) | 9901 | €56,020 | €56,197 | +€178 | +0.3% |
| Financial income | 75/76B | €318 | €198 | -€120 | -37.7% |
| Recurring financial income | 75 | €318 | €198 | -€120 | -37.7% |
| Financial charges | 65/66B | €1,566 | €2,656 | +€1,091 | +69.7% |
| Recurring financial charges | 65 | €1,566 | €2,656 | +€1,091 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €54,772 | €53,739 | -€1,033 | -1.9% |
| Income taxes | 67/77 | €17,110 | €15,123 | -€1,988 | -11.6% |
| Profit (loss) for the period | 9904 | €37,661 | €38,616 | +€955 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,661 | €38,616 | +€955 | +2.5% |
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 31 October 2026 via checked.be.