ALCHAMA: 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.
ALCHAMA
Largest movements
- Cash +€51,353
up €51,353 (+33.2%), from €154,621 to €205,974
mainly Net result for the year (+€43,181) and Depreciation (+€42,225)
- Tangible fixed assets -€38,694
down €38,694 (-7.7%), from €505,595 to €466,900
of which Leasing and similar rights: -€38,139
- Current investments +€20,050
up €20,050 (+5.9%), from €341,501 to €361,551
- Profit (loss) carried forward +€43,181
up €43,181 (+33.6%), from €128,348 to €171,529
- Financial income +€13,060
up €13,060 (+111.3%), from €11,735 to €24,794
- Gross operating margin -€5,066
down €5,066 (-4.3%), from €117,503 to €112,437
- Depreciation +€3,521
up €3,521 (+9.1%), from €38,704 to €42,225
- Taxes -€1,520
down €1,520 (-11.7%), from €12,956 to €11,437
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 | €1,042,673 | €1,078,579 | +€35,905 | +3.4% |
| Fixed assets | 21/28 | €505,595 | €466,900 | -€38,694 | -7.7% |
| Tangible fixed assets | 22/27 | €505,595 | €466,900 | -€38,694 | -7.7% |
| Plant, machinery and equipment | 23 | €1,896 | €1,012 | -€884 | -46.6% |
| Furniture and vehicles | 24 | €741 | €1,070 | +€329 | +44.4% |
| Leasing and similar rights | 25 | €502,958 | €464,819 | -€38,139 | -7.6% |
| Current assets | 29/58 | €537,079 | €611,678 | +€74,600 | +13.9% |
| Amounts receivable within one year | 40/41 | €3,227 | €1,083 | -€2,144 | -66.4% |
| Other amounts receivable | 41 | €3,227 | €1,083 | -€2,144 | -66.4% |
| Current investments | 50/53 | €341,501 | €361,551 | +€20,050 | +5.9% |
| Cash at bank and in hand | 54/58 | €154,621 | €205,974 | +€51,353 | +33.2% |
| Deferred charges and accrued income | 490/1 | €37,730 | €43,070 | +€5,340 | +14.2% |
| Total equity and liabilities | 10/49 | €1,042,673 | €1,078,579 | +€35,905 | +3.4% |
| Equity | 10/15 | €571,636 | €614,817 | +€43,181 | +7.6% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Reserves | 13 | €23,289 | €23,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,289 | €21,289 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,348 | €171,529 | +€43,181 | +33.6% |
| Provisions and deferred taxes | 16 | €433,197 | €431,519 | -€1,677 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €433,197 | €431,519 | -€1,677 | -0.4% |
| Major repairs and maintenance | 162 | €54,217 | €54,217 | = | 0.0% |
| Other liabilities and charges | 164/5 | €378,979 | €377,302 | -€1,677 | -0.4% |
| Amounts payable | 17/49 | €37,841 | €32,242 | -€5,598 | -14.8% |
| Amounts payable after more than one year | 17 | €18,280 | €17,692 | -€588 | -3.2% |
| Financial debts | 170/4 | €18,280 | €17,692 | -€588 | -3.2% |
| Amounts payable within one year | 42/48 | €8,670 | €4,180 | -€4,490 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €538 | €588 | +€50 | +9.4% |
| Trade debts | 44 | €2,879 | €3,537 | +€658 | +22.9% |
| Suppliers | 440/4 | €2,879 | €3,537 | +€658 | +22.9% |
| Taxes, remuneration and social security | 45 | €5,254 | €55 | -€5,199 | -98.9% |
| Taxes | 450/3 | €5,254 | €55 | -€5,199 | -98.9% |
| Accrued charges and deferred income | 492/3 | €10,890 | €10,370 | -€520 | -4.8% |
| Non-recurring operating income | 76A | €2,503 | €2,414 | -€89 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,704 | €42,225 | +€3,521 | +9.1% |
| Other operating charges | 640/8 | €4,195 | €4,205 | +€10 | +0.2% |
| Gross operating margin | 9900 | €117,503 | €112,437 | -€5,066 | -4.3% |
| Operating profit (loss) | 9901 | €74,603 | €66,007 | -€8,596 | -11.5% |
| Financial income | 75/76B | €11,735 | €24,794 | +€13,060 | +111.3% |
| Recurring financial income | 75 | €11,735 | €24,794 | +€13,060 | +111.3% |
| Financial charges | 65/66B | €37,004 | €36,183 | -€821 | -2.2% |
| Recurring financial charges | 65 | €32,922 | €31,781 | -€1,142 | -3.5% |
| Non-recurring financial charges | 66B | €4,082 | €4,402 | +€320 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €49,333 | €54,618 | +€5,284 | +10.7% |
| Income taxes | 67/77 | €12,956 | €11,437 | -€1,520 | -11.7% |
| Profit (loss) for the period | 9904 | €36,377 | €43,181 | +€6,804 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,377 | €43,181 | +€6,804 | +18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.