ALCHEMISTE: 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.
ALCHEMISTE
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€25,872
down €25,872 (-71.0%), from €36,458 to €10,586
mainly Current investments (-€50,000) and Tax, wage and social debts (-€5,786)
- Receivables within one year -€1,497
down €1,497 (-12.4%), from €12,053 to €10,556
- Reserves +€26,587
up €26,587 (+78.2%), from €34,020 to €60,607
- Tax, wage and social debts -€5,786
down €5,786 (-36.1%), from €16,009 to €10,224
- Other debts +€1,549
up €1,549 (+131.9%), from €1,174 to €2,723
- Gross operating margin -€9,050
down €9,050 (-20.0%), from €45,192 to €36,142
- Taxes -€1,962
down €1,962 (-19.9%), from €9,847 to €7,884
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 | €51,297 | €73,555 | +€22,258 | +43.4% |
| Fixed assets | 21/28 | €2,787 | €2,167 | -€620 | -22.2% |
| Tangible fixed assets | 22/27 | €2,787 | €2,167 | -€620 | -22.2% |
| Furniture and vehicles | 24 | €2,787 | €2,167 | -€620 | -22.2% |
| Current assets | 29/58 | €48,510 | €71,388 | +€22,878 | +47.2% |
| Amounts receivable within one year | 40/41 | €12,053 | €10,556 | -€1,497 | -12.4% |
| Trade receivables | 40 | €12,053 | €10,556 | -€1,497 | -12.4% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €36,458 | €10,586 | -€25,872 | -71.0% |
| Deferred charges and accrued income | 490/1 | - | €246 | +€246 | |
| Total equity and liabilities | 10/49 | €51,297 | €73,555 | +€22,258 | +43.4% |
| Equity | 10/15 | €34,021 | €60,608 | +€26,587 | +78.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €34,020 | €60,607 | +€26,587 | +78.2% |
| Distributable reserves | 133 | €34,020 | €60,607 | +€26,587 | +78.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,276 | €12,946 | -€4,329 | -25.1% |
| Amounts payable within one year | 42/48 | €17,276 | €12,946 | -€4,329 | -25.1% |
| Trade debts | 44 | €93 | €0 | -€93 | -100.0% |
| Suppliers | 440/4 | €93 | €0 | -€93 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,009 | €10,224 | -€5,786 | -36.1% |
| Taxes | 450/3 | €16,009 | €10,224 | -€5,786 | -36.1% |
| Other amounts payable | 47/48 | €1,174 | €2,723 | +€1,549 | +131.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €620 | +€307 | +97.8% |
| Other operating charges | 640/8 | €900 | €520 | -€381 | -42.3% |
| Gross operating margin | 9900 | €45,192 | €36,142 | -€9,050 | -20.0% |
| Operating profit (loss) | 9901 | €43,978 | €35,002 | -€8,976 | -20.4% |
| Financial income | 75/76B | - | €376 | +€376 | |
| Recurring financial income | 75 | - | €376 | +€376 | |
| Financial charges | 65/66B | €111 | €73 | -€38 | -34.6% |
| Recurring financial charges | 65 | €111 | €73 | -€38 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €43,867 | €35,305 | -€8,562 | -19.5% |
| Income taxes | 67/77 | €9,847 | €7,884 | -€1,962 | -19.9% |
| Profit (loss) for the period | 9904 | €34,020 | €27,420 | -€6,599 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,020 | €27,420 | -€6,599 | -19.4% |
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.