Alcedo IP: 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.
Alcedo IP
Largest movements
- Receivables within one year -€41,087
down €41,087 (-98.2%), from €41,837 to €750
of which Other amounts receivable: -€25,192
- Cash +€21,111
up €21,111 (+10.3%), from €205,547 to €226,657
mainly Other debts (+€119,695) and Net result for the year (+€72,350)
- Other debts +€119,695
new in 2025: €119,695
- Reserves -€115,400
down €115,400 (-61.5%), from €187,750 to €72,350
- Tax, wage and social debts -€28,586
down €28,586 (-48.4%), from €59,042 to €30,456
- Trade debts +€3,892
up €3,892 (+579%), from €672 to €4,564
- Gross operating margin -€4,819
down €4,819 (-4.9%), from €97,397 to €92,578
- Taxes -€1,123
down €1,123 (-5.5%), from €20,347 to €19,225
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 | €253,042 | €232,144 | -€20,898 | -8.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,599 | €1,698 | -€901 | -34.7% |
| Tangible fixed assets | 22/27 | €2,599 | €1,698 | -€901 | -34.7% |
| Furniture and vehicles | 24 | €2,599 | €1,698 | -€901 | -34.7% |
| Current assets | 29/58 | €250,443 | €230,446 | -€19,997 | -8.0% |
| Amounts receivable within one year | 40/41 | €41,837 | €750 | -€41,087 | -98.2% |
| Trade receivables | 40 | €15,895 | €0 | -€15,895 | -100% |
| Other amounts receivable | 41 | €25,942 | €750 | -€25,192 | -97.1% |
| Cash at bank and in hand | 54/58 | €205,547 | €226,657 | +€21,111 | +10.3% |
| Deferred charges and accrued income | 490/1 | €3,060 | €3,039 | -€21 | -0.7% |
| Total equity and liabilities | 10/49 | €253,042 | €232,144 | -€20,898 | -8.3% |
| Equity | 10/15 | €192,828 | €77,429 | -€115,400 | -59.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €187,750 | €72,350 | -€115,400 | -61.5% |
| Distributable reserves | 133 | €187,750 | €72,350 | -€115,400 | -61.5% |
| Profit (loss) carried forward | 14 | €78 | €79 | +€0 | +0.5% |
| Amounts payable | 17/49 | €60,214 | €154,715 | +€94,501 | +157% |
| Amounts payable within one year | 42/48 | €59,714 | €154,715 | +€95,001 | +159% |
| Trade debts | 44 | €672 | €4,564 | +€3,892 | +579% |
| Suppliers | 440/4 | €672 | €4,564 | +€3,892 | +579% |
| Taxes, remuneration and social security | 45 | €59,042 | €30,456 | -€28,586 | -48.4% |
| Taxes | 450/3 | €59,042 | €30,456 | -€28,586 | -48.4% |
| Other amounts payable | 47/48 | - | €119,695 | +€119,695 | |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €920 | €901 | -€19 | -2.0% |
| Other operating charges | 640/8 | €493 | €656 | +€162 | +32.9% |
| Gross operating margin | 9900 | €97,397 | €92,578 | -€4,819 | -4.9% |
| Operating profit (loss) | 9901 | €95,984 | €91,022 | -€4,962 | -5.2% |
| Financial income | 75/76B | €617 | €723 | +€106 | +17.2% |
| Recurring financial income | 75 | €617 | €723 | +€106 | +17.2% |
| Financial charges | 65/66B | €142 | €170 | +€28 | +19.8% |
| Recurring financial charges | 65 | €142 | €170 | +€28 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €96,459 | €91,575 | -€4,884 | -5.1% |
| Income taxes | 67/77 | €20,347 | €19,225 | -€1,123 | -5.5% |
| Profit (loss) for the period | 9904 | €76,112 | €72,350 | -€3,761 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,112 | €72,350 | -€3,761 | -4.9% |
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 15 October 2026 via checked.be.