ALCES: 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.
ALCES
Largest movements
- Current investments +€112,310
new in 2025: €112,310
- Cash +€78,965
up €78,965 (+111%), from €71,255 to €150,220
mainly Debts after one year (+€100,000) and Net result for the year (+€51,175)
- Deferred charges and accrued income -€42,092
down €42,092 (-61.8%), from €68,146 to €26,054
- Receivables within one year +€17,111
up €17,111 (+129%), from €13,310 to €30,421
of which Other amounts receivable: +€15,725
- Debts after one year +€100,000
new in 2025: €100,000
- Profit (loss) carried forward +€51,175
new in 2025: €51,175
- Tax, wage and social debts +€14,232
up €14,232 (+39.2%), from €36,324 to €50,556
- Gross operating margin -€42,990
down €42,990 (-36.4%), from €118,241 to €75,251
- Taxes -€5,520
down €5,520 (-22.2%), from €24,814 to €19,294
- Financial charges +€1,349
up €1,349 (+32.9%), from €4,101 to €5,450
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 | €152,712 | €319,006 | +€166,294 | +109% |
| Current assets | 29/58 | €152,712 | €319,006 | +€166,294 | +109% |
| Amounts receivable within one year | 40/41 | €13,310 | €30,421 | +€17,111 | +129% |
| Trade receivables | 40 | €13,310 | €14,697 | +€1,387 | +10.4% |
| Other amounts receivable | 41 | - | €15,725 | +€15,725 | |
| Current investments | 50/53 | - | €112,310 | +€112,310 | |
| Cash at bank and in hand | 54/58 | €71,255 | €150,220 | +€78,965 | +111% |
| Deferred charges and accrued income | 490/1 | €68,146 | €26,054 | -€42,092 | -61.8% |
| Total equity and liabilities | 10/49 | €152,712 | €319,006 | +€166,294 | +109% |
| Equity | 10/15 | €113,864 | €165,039 | +€51,175 | +44.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,864 | €108,864 | = | 0.0% |
| Distributable reserves | 133 | €108,864 | €108,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €51,175 | +€51,175 | |
| Amounts payable | 17/49 | €38,848 | €153,967 | +€115,120 | +296% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €38,752 | €52,093 | +€13,341 | +34.4% |
| Trade debts | 44 | €2,052 | €1,538 | -€514 | -25.1% |
| Suppliers | 440/4 | €2,052 | €1,538 | -€514 | -25.1% |
| Taxes, remuneration and social security | 45 | €36,324 | €50,556 | +€14,232 | +39.2% |
| Taxes | 450/3 | €36,324 | €50,556 | +€14,232 | +39.2% |
| Other amounts payable | 47/48 | €376 | - | -€376 | |
| Accrued charges and deferred income | 492/3 | €95 | €1,874 | +€1,779 | +1,863% |
| Other operating charges | 640/8 | €251 | €345 | +€93 | +37.1% |
| Gross operating margin | 9900 | €118,241 | €75,251 | -€42,990 | -36.4% |
| Operating profit (loss) | 9901 | €117,990 | €74,907 | -€43,083 | -36.5% |
| Financial income | 75/76B | €515 | €1,011 | +€496 | +96.3% |
| Recurring financial income | 75 | €515 | €1,011 | +€496 | +96.3% |
| Financial charges | 65/66B | €4,101 | €5,450 | +€1,349 | +32.9% |
| Recurring financial charges | 65 | €4,101 | €5,450 | +€1,349 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €114,405 | €70,468 | -€43,936 | -38.4% |
| Income taxes | 67/77 | €24,814 | €19,294 | -€5,520 | -22.2% |
| Profit (loss) for the period | 9904 | €89,591 | €51,175 | -€38,416 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,591 | €51,175 | -€38,416 | -42.9% |
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 16 October 2026 via checked.be.