ALCEMA: 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.
ALCEMA
Largest movements
- Receivables within one year +€53,840
up €53,840 (+47.4%), from €113,669 to €167,509
of which Other amounts receivable: +€49,456
- Cash -€23,330
down €23,330 (-63.3%), from €36,878 to €13,548
mainly Contributions, distributions and other (-€85,673) and Receivables within one year (-€53,840)
- Tangible fixed assets -€10,193
down €10,193 (-13.1%), from €77,652 to €67,459
of which Leasing and similar rights: -€9,498
- Other debts +€27,650
up €27,650 (+23.7%), from €116,496 to €144,146
- Tax, wage and social debts -€12,341
down €12,341 (-51.0%), from €24,188 to €11,847
of which Taxes: -€12,683
- Debts after one year -€11,199
down €11,199 (-29.5%), from €37,973 to €26,774
- Accrued charges and deferred income +€5,988
up €5,988 (+60.6%), from €9,889 to €15,877
- Advances received +€5,369
up €5,369 (+428.3%), from €1,253 to €6,622
- Gross operating margin -€45,185
down €45,185 (-20.7%), from €218,743 to €173,558
- Taxes -€12,644
down €12,644 (-34.4%), from €36,772 to €24,127
- Financial income +€2,797
up €2,797 (+46.9%), from €5,961 to €8,758
- Depreciation -€2,198
down €2,198 (-8.1%), from €27,052 to €24,854
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 | €237,734 | €258,433 | +€20,699 | +8.7% |
| Fixed assets | 21/28 | €77,652 | €67,459 | -€10,193 | -13.1% |
| Tangible fixed assets | 22/27 | €77,652 | €67,459 | -€10,193 | -13.1% |
| Land and buildings | 22 | €5,179 | €3,092 | -€2,087 | -40.3% |
| Plant, machinery and equipment | 23 | €8,140 | €13,945 | +€5,805 | +71.3% |
| Furniture and vehicles | 24 | €21,190 | €16,776 | -€4,414 | -20.8% |
| Leasing and similar rights | 25 | €43,143 | €33,645 | -€9,498 | -22.0% |
| Current assets | 29/58 | €160,082 | €190,974 | +€30,892 | +19.3% |
| Amounts receivable within one year | 40/41 | €113,669 | €167,509 | +€53,840 | +47.4% |
| Trade receivables | 40 | €9,279 | €13,663 | +€4,384 | +47.2% |
| Other amounts receivable | 41 | €104,390 | €153,846 | +€49,456 | +47.4% |
| Cash at bank and in hand | 54/58 | €36,878 | €13,548 | -€23,330 | -63.3% |
| Deferred charges and accrued income | 490/1 | €9,535 | €9,918 | +€382 | +4.0% |
| Total equity and liabilities | 10/49 | €237,734 | €258,433 | +€20,699 | +8.7% |
| Equity | 10/15 | €12,400 | €12,400 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Amounts payable | 17/49 | €225,334 | €246,033 | +€20,699 | +9.2% |
| Amounts payable after more than one year | 17 | €37,973 | €26,774 | -€11,199 | -29.5% |
| Financial debts | 170/4 | €37,973 | €26,774 | -€11,199 | -29.5% |
| Amounts payable within one year | 42/48 | €177,473 | €203,382 | +€25,910 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €17,575 | €17,527 | -€48 | -0.3% |
| Trade debts | 44 | €17,961 | €23,241 | +€5,279 | +29.4% |
| Suppliers | 440/4 | €17,961 | €23,241 | +€5,279 | +29.4% |
| Advances received on contracts in progress | 46 | €1,253 | €6,622 | +€5,369 | +428.3% |
| Taxes, remuneration and social security | 45 | €24,188 | €11,847 | -€12,341 | -51.0% |
| Taxes | 450/3 | €18,754 | €6,072 | -€12,683 | -67.6% |
| Remuneration and social security | 454/9 | €5,433 | €5,775 | +€342 | +6.3% |
| Other amounts payable | 47/48 | €116,496 | €144,146 | +€27,650 | +23.7% |
| Accrued charges and deferred income | 492/3 | €9,889 | €15,877 | +€5,988 | +60.6% |
| Remuneration, social security and pensions | 62 | €35,808 | €37,702 | +€1,894 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,052 | €24,854 | -€2,198 | -8.1% |
| Other operating charges | 640/8 | €5,108 | €4,815 | -€292 | -5.7% |
| Gross operating margin | 9900 | €218,743 | €173,558 | -€45,185 | -20.7% |
| Operating profit (loss) | 9901 | €150,775 | €106,186 | -€44,589 | -29.6% |
| Financial income | 75/76B | €5,961 | €8,758 | +€2,797 | +46.9% |
| Recurring financial income | 75 | €5,961 | €8,758 | +€2,797 | +46.9% |
| Financial charges | 65/66B | €3,469 | €5,143 | +€1,674 | +48.3% |
| Recurring financial charges | 65 | €3,469 | €5,143 | +€1,674 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €153,267 | €109,801 | -€43,467 | -28.4% |
| Income taxes | 67/77 | €36,772 | €24,127 | -€12,644 | -34.4% |
| Profit (loss) for the period | 9904 | €116,496 | €85,673 | -€30,822 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €116,496 | €85,673 | -€30,822 | -26.5% |
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 8 October 2026 via checked.be.