ALCEDICA: what changed
ALCEDICA
Largest movements
- Deferred charges and accrued income +€16,643
up €16,643 (+603%), from €2,759 to €19,402
- Cash -€15,210
down €15,210 (-60.0%), from €25,347 to €10,138
mainly Trade debts (-€49,016) and Deferred charges and accrued income (-€16,643)
- Tangible fixed assets -€10,704
down €10,704 (-30.9%), from €34,679 to €23,975
of which Furniture and vehicles: -€10,704
- Receivables within one year -€8,104
down €8,104 (-13.0%), from €62,304 to €54,200
of which Other amounts receivable: -€26,578
- Trade debts -€49,016
down €49,016 (-42.0%), from €116,585 to €67,570
- Debts after one year +€23,903
up €23,903 (+2,664%), from €897 to €24,800
- Current portion of long-term debt -€9,575
down €9,575 (-91.4%), from €10,474 to €899
- Tax, wage and social debts +€8,736
up €8,736 (+16.2%), from €54,057 to €62,793
of which Taxes: +€7,536
- Other debts +€5,978
new in 2025: €5,978
- Staff costs -€53,496
down €53,496 (-35.5%), from €150,534 to €97,037
- Gross operating margin -€50,263
down €50,263 (-32.8%), from €153,082 to €102,819
- Depreciation -€18,659
no longer reported in 2025 (was €18,659)
- Other operating charges -€2,698
down €2,698 (-54.3%), from €4,968 to €2,270
- Financial income -€2,002
down €2,002 (-42.9%), from €4,664 to €2,662
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,323 | €153,487 | -€16,835 | -9.9% |
| Fixed assets | 21/28 | €34,679 | €24,938 | -€9,740 | -28.1% |
| Tangible fixed assets | 22/27 | €34,679 | €23,975 | -€10,704 | -30.9% |
| Plant, machinery and equipment | 23 | €23,975 | €23,975 | = | 0.0% |
| Furniture and vehicles | 24 | €10,704 | - | -€10,704 | |
| Financial fixed assets | 28 | - | €963 | +€963 | |
| Current assets | 29/58 | €135,644 | €128,549 | -€7,095 | -5.2% |
| Stocks and contracts in progress | 3 | €45,233 | €44,809 | -€424 | -0.9% |
| Stocks | 30/36 | €45,233 | €44,809 | -€424 | -0.9% |
| Amounts receivable within one year | 40/41 | €62,304 | €54,200 | -€8,104 | -13.0% |
| Trade receivables | 40 | - | €18,474 | +€18,474 | |
| Other amounts receivable | 41 | €62,304 | €35,727 | -€26,578 | -42.7% |
| Cash at bank and in hand | 54/58 | €25,347 | €10,138 | -€15,210 | -60.0% |
| Deferred charges and accrued income | 490/1 | €2,759 | €19,402 | +€16,643 | +603% |
| Total equity and liabilities | 10/49 | €170,323 | €153,487 | -€16,835 | -9.9% |
| Equity | 10/15 | -€11,692 | -€8,552 | +€3,140 | +26.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,692 | -€30,552 | +€3,140 | +9.3% |
| Amounts payable | 17/49 | €182,014 | €162,039 | -€19,975 | -11.0% |
| Amounts payable after more than one year | 17 | €897 | €24,800 | +€23,903 | +2,664% |
| Financial debts | 170/4 | €897 | €24,800 | +€23,903 | +2,664% |
| Amounts payable within one year | 42/48 | €181,117 | €137,239 | -€43,878 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €10,474 | €899 | -€9,575 | -91.4% |
| Trade debts | 44 | €116,585 | €67,570 | -€49,016 | -42.0% |
| Suppliers | 440/4 | €116,585 | €67,570 | -€49,016 | -42.0% |
| Taxes, remuneration and social security | 45 | €54,057 | €62,793 | +€8,736 | +16.2% |
| Taxes | 450/3 | €54,057 | €61,593 | +€7,536 | +13.9% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | - | €5,978 | +€5,978 | |
| Non-recurring operating income | 76A | - | €1,467 | +€1,467 | |
| Remuneration, social security and pensions | 62 | €150,534 | €97,037 | -€53,496 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,659 | - | -€18,659 | |
| Other operating charges | 640/8 | €4,968 | €2,270 | -€2,698 | -54.3% |
| Gross operating margin | 9900 | €153,082 | €102,819 | -€50,263 | -32.8% |
| Operating profit (loss) | 9901 | -€21,080 | €3,512 | +€24,592 | |
| Financial income | 75/76B | €4,664 | €2,662 | -€2,002 | -42.9% |
| Recurring financial income | 75 | €4,664 | €2,662 | -€2,002 | -42.9% |
| Financial charges | 65/66B | €4,517 | €2,761 | -€1,756 | -38.9% |
| Recurring financial charges | 65 | €4,517 | €2,761 | -€1,756 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,933 | €3,412 | +€24,346 | |
| Income taxes | 67/77 | €298 | €273 | -€25 | -8.4% |
| Profit (loss) for the period | 9904 | -€21,231 | €3,140 | +€24,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,231 | €3,140 | +€24,371 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.