ALCECO: 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.
ALCECO
Largest movements
- Receivables within one year +€11,666
up €11,666 (+13.6%), from €86,023 to €97,689
of which Trade receivables: +€62,640
- Tangible fixed assets +€1,327
up €1,327 (+108.1%), from €1,227 to €2,554
- Profit (loss) carried forward +€76,510
up €76,510 (+38.9%), from -€196,637 to -€120,127
- Other debts -€69,629
down €69,629 (-35.0%), from €198,966 to €129,337
- Tax, wage and social debts +€3,958
up €3,958 (+288.1%), from €1,374 to €5,332
of which Taxes: +€3,410
- Trade debts +€1,737
up €1,737 (+212.1%), from €819 to €2,556
- Gross operating margin +€44,229
up €44,229 (+131.6%), from €33,598 to €77,827
- Financial income -€3,721
down €3,721 (-97.5%), from €3,815 to €94
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.
Cash bridge derived
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 | €89,329 | €101,808 | +€12,479 | +14.0% |
| Fixed assets | 21/28 | €1,557 | €2,749 | +€1,192 | +76.6% |
| Tangible fixed assets | 22/27 | €1,227 | €2,554 | +€1,327 | +108.1% |
| Plant, machinery and equipment | 23 | €1,227 | €2,554 | +€1,327 | +108.1% |
| Financial fixed assets | 28 | €330 | €195 | -€135 | -40.9% |
| Current assets | 29/58 | €87,772 | €99,059 | +€11,287 | +12.9% |
| Amounts receivable within one year | 40/41 | €86,023 | €97,689 | +€11,666 | +13.6% |
| Trade receivables | 40 | €12,250 | €74,890 | +€62,640 | +511.3% |
| Other amounts receivable | 41 | €73,773 | €22,799 | -€50,974 | -69.1% |
| Cash at bank and in hand | 54/58 | €1,065 | €643 | -€422 | -39.6% |
| Deferred charges and accrued income | 490/1 | €684 | €727 | +€43 | +6.3% |
| Total equity and liabilities | 10/49 | €89,329 | €101,808 | +€12,479 | +14.0% |
| Equity | 10/15 | -€111,927 | -€35,417 | +€76,510 | +68.4% |
| 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 | €66,110 | €66,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,250 | €64,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,637 | -€120,127 | +€76,510 | +38.9% |
| Amounts payable | 17/49 | €201,256 | €137,225 | -€64,031 | -31.8% |
| Amounts payable within one year | 42/48 | €201,159 | €137,225 | -€63,934 | -31.8% |
| Trade debts | 44 | €819 | €2,556 | +€1,737 | +212.1% |
| Suppliers | 440/4 | €819 | €2,556 | +€1,737 | +212.1% |
| Taxes, remuneration and social security | 45 | €1,374 | €5,332 | +€3,958 | +288.1% |
| Taxes | 450/3 | €391 | €3,801 | +€3,410 | +872.1% |
| Remuneration and social security | 454/9 | €983 | €1,531 | +€548 | +55.7% |
| Other amounts payable | 47/48 | €198,966 | €129,337 | -€69,629 | -35.0% |
| Accrued charges and deferred income | 492/3 | €97 | - | -€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173 | €295 | +€122 | +70.5% |
| Other operating charges | 640/8 | €869 | €619 | -€250 | -28.8% |
| Gross operating margin | 9900 | €33,598 | €77,827 | +€44,229 | +131.6% |
| Operating profit (loss) | 9901 | €32,556 | €76,913 | +€44,357 | +136.2% |
| Financial income | 75/76B | €3,815 | €94 | -€3,721 | -97.5% |
| Recurring financial income | 75 | €3,815 | €94 | -€3,721 | -97.5% |
| Financial charges | 65/66B | €637 | €497 | -€140 | -22.0% |
| Recurring financial charges | 65 | €637 | €497 | -€140 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €35,734 | €76,510 | +€40,776 | +114.1% |
| Profit (loss) for the period | 9904 | €35,734 | €76,510 | +€40,776 | +114.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,734 | €76,510 | +€40,776 | +114.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.