ALCHAS: 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.
ALCHAS
Largest movements
- Cash +€37,493
up €37,493 (+65.5%), from €57,206 to €94,698
mainly Other debts (+€91,238) and Receivables within one year (+€29,084)
- Receivables within one year -€29,084
down €29,084 (-99.1%), from €29,362 to €278
of which Trade receivables: -€29,362
- Tangible fixed assets -€11,303
down €11,303 (-22.6%), from €49,966 to €38,664
- Other debts +€91,238
up €91,238 (+125.3%), from €72,816 to €164,054
- Reserves -€61,600
down €61,600 (-27.9%), from €220,570 to €158,970
- Profit (loss) carried forward -€28,670
down €28,670 (-96.3%), from €29,775 to €1,105
- Debts after one year -€5,415
down €5,415 (-40.0%), from €13,538 to €8,123
- Gross operating margin +€5,019
up €5,019 (+10.7%), from €46,756 to €51,774
- Depreciation +€4,756
up €4,756 (+72.6%), from €6,547 to €11,303
- Financial charges +€2,818
up €2,818 (+74.3%), from €3,794 to €6,612
- Taxes -€838
down €838 (-10.3%), from €8,130 to €7,292
- Financial income +€644
up €644 (+51.2%), from €1,256 to €1,900
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 | €379,307 | €375,817 | -€3,490 | -0.9% |
| Fixed assets | 21/28 | €49,966 | €38,664 | -€11,303 | -22.6% |
| Tangible fixed assets | 22/27 | €49,966 | €38,664 | -€11,303 | -22.6% |
| Furniture and vehicles | 24 | €49,966 | €38,664 | -€11,303 | -22.6% |
| Current assets | 29/58 | €329,341 | €337,153 | +€7,812 | +2.4% |
| Amounts receivable within one year | 40/41 | €29,362 | €278 | -€29,084 | -99.1% |
| Trade receivables | 40 | €29,362 | - | -€29,362 | |
| Other amounts receivable | 41 | - | €278 | +€278 | |
| Current investments | 50/53 | €239,968 | €240,797 | +€829 | +0.3% |
| Cash at bank and in hand | 54/58 | €57,206 | €94,698 | +€37,493 | +65.5% |
| Deferred charges and accrued income | 490/1 | €2,806 | €1,379 | -€1,426 | -50.8% |
| Total equity and liabilities | 10/49 | €379,307 | €375,817 | -€3,490 | -0.9% |
| Equity | 10/15 | €268,945 | €178,675 | -€90,270 | -33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,570 | €158,970 | -€61,600 | -27.9% |
| Distributable reserves | 133 | €220,570 | €158,970 | -€61,600 | -27.9% |
| Profit (loss) carried forward | 14 | €29,775 | €1,105 | -€28,670 | -96.3% |
| Amounts payable | 17/49 | €110,362 | €197,142 | +€86,780 | +78.6% |
| Amounts payable after more than one year | 17 | €13,538 | €8,123 | -€5,415 | -40.0% |
| Financial debts | 170/4 | €13,538 | €8,123 | -€5,415 | -40.0% |
| Amounts payable within one year | 42/48 | €93,173 | €183,607 | +€90,434 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €5,415 | €5,415 | = | 0.0% |
| Trade debts | 44 | €1,714 | €1,503 | -€211 | -12.3% |
| Suppliers | 440/4 | €1,714 | €1,503 | -€211 | -12.3% |
| Taxes, remuneration and social security | 45 | €13,228 | €12,634 | -€593 | -4.5% |
| Taxes | 450/3 | €13,228 | €12,634 | -€593 | -4.5% |
| Other amounts payable | 47/48 | €72,816 | €164,054 | +€91,238 | +125.3% |
| Accrued charges and deferred income | 492/3 | €3,651 | €5,413 | +€1,762 | +48.2% |
| Non-recurring operating income | 76A | €7,305 | - | -€7,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,547 | €11,303 | +€4,756 | +72.6% |
| Other operating charges | 640/8 | €282 | €535 | +€253 | +89.7% |
| Non-recurring operating charges | 66A | €216 | €103 | -€113 | -52.2% |
| Gross operating margin | 9900 | €46,756 | €51,774 | +€5,019 | +10.7% |
| Operating profit (loss) | 9901 | €39,710 | €39,833 | +€123 | +0.3% |
| Financial income | 75/76B | €1,256 | €1,900 | +€644 | +51.2% |
| Recurring financial income | 75 | €1,256 | €1,900 | +€644 | +51.2% |
| Financial charges | 65/66B | €3,794 | €6,612 | +€2,818 | +74.3% |
| Recurring financial charges | 65 | €3,794 | €6,612 | +€2,818 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €37,173 | €35,121 | -€2,052 | -5.5% |
| Income taxes | 67/77 | €8,130 | €7,292 | -€838 | -10.3% |
| Profit (loss) for the period | 9904 | €29,043 | €27,830 | -€1,214 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,043 | €27,830 | -€1,214 | -4.2% |
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 7 October 2026 via checked.be.