ALCHEMY & CO: 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.
What changed
ALCHEMY & CO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.3m+€933,606
Equity
€21,941
2024 · €349,797-€327,855
Cash
€554,903
2024 · €183,958+€370,945
Balance sheet total
€6.7m
2024 · €6.0m+€637,668
Largest movements
Assets
- Cash +€370,945
up €370,945 (+202%), from €183,958 to €554,903
mainly Net result for the year (+€2.2m) and Depreciation (+€1.2m)
- Current investments +€200,000
new in 2025: €200,000
Equity and liabilities
- Other debts +€431,744
up €431,744 (+21.3%), from €2.0m to €2.5m
- Profit (loss) carried forward -€327,855
down €327,855 (-94.7%), from €346,072 to €18,216
- Debts after one year +€315,041
up €315,041 (+9.3%), from €3.4m to €3.7m
- Tax, wage and social debts +€99,643
up €99,643 (+117%), from €85,272 to €184,915
of which Taxes: +€99,012
Income statement
- Gross operating margin +€2.4m
up €2.4m (+132%), from €1.8m to €4.3m
- Depreciation +€1.2m
up €1.2m (+8,466%), from €13,855 to €1.2m
- Taxes +€317,709
up €317,709 (+73.6%), from €431,681 to €749,390
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.
Result 2024
€1.3m
Gross operating margin
+€2.4m
Staff costs
-€29,177
Depreciation
-€1.2m
Other operating charges
-€1,190
Financial income
+€7,173
Financial charges
-€138
Taxes
-€317,709
Result 2025
€2.2m
raises the resultlowers the result
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.
From operations
+€4.0m
Investment
-€1.4m
Financing
-€2.2m
Cash 2024
€183,958
From operations (derived)
+€4.0m
Net result for the year
+€2.2m
Depreciation
+€1.2m
Receivables within one year
-€17,795
Deferred charges and accrued income
-€559
Trade debts
+€58,887
Tax, wage and social debts
+€99,643
Other debts
+€431,744
Accrued charges and deferred income
+€27,297
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.2m
Current investments
-€200,000
Financing
-€2.2m
Debts after one year
+€315,041
Current portion of long-term debt
+€23,581
Short-term financial debts
+€9,330
Contributions, distributions and other
-€2.6m
Cash 2025
€554,903
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,015,123 | €6,652,790 | +€637,668 | +10.6% |
| Fixed assets | 21/28 | €5,823,445 | €5,871,814 | +€48,369 | +0.8% |
| Tangible fixed assets | 22/27 | €5,823,445 | €5,871,814 | +€48,369 | +0.8% |
| Plant, machinery and equipment | 23 | - | €24,891 | +€24,891 | |
| Furniture and vehicles | 24 | €55,493 | €61,374 | +€5,881 | +10.6% |
| Other tangible fixed assets | 26 | €960 | €5,785,550 | +€5.8m | +602,561% |
| Assets under construction and advance payments | 27 | €5,766,992 | - | -€5.8m | |
| Current assets | 29/58 | €191,677 | €780,976 | +€589,299 | +307% |
| Amounts receivable within one year | 40/41 | €2,815 | €20,610 | +€17,795 | +632% |
| Other amounts receivable | 41 | €2,815 | €20,610 | +€17,795 | +632% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €183,958 | €554,903 | +€370,945 | +202% |
| Deferred charges and accrued income | 490/1 | €4,904 | €5,463 | +€559 | +11.4% |
| Total equity and liabilities | 10/49 | €6,015,123 | €6,652,790 | +€637,668 | +10.6% |
| Equity | 10/15 | €349,797 | €21,941 | -€327,855 | -93.7% |
| Reserves | 13 | €3,725 | €3,725 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,725 | €3,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €346,072 | €18,216 | -€327,855 | -94.7% |
| Amounts payable | 17/49 | €5,665,326 | €6,630,849 | +€965,523 | +17.0% |
| Amounts payable after more than one year | 17 | €3,382,934 | €3,697,975 | +€315,041 | +9.3% |
| Financial debts | 170/4 | €3,382,934 | €3,697,975 | +€315,041 | +9.3% |
| Amounts payable within one year | 42/48 | €2,282,392 | €2,905,577 | +€623,185 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €158,035 | €181,616 | +€23,581 | +14.9% |
| Financial debts | 43 | - | €9,330 | +€9,330 | |
| Credit institutions | 430/8 | - | €9,330 | +€9,330 | |
| Trade debts | 44 | €9,795 | €68,682 | +€58,887 | +601% |
| Suppliers | 440/4 | €9,795 | €68,682 | +€58,887 | +601% |
| Taxes, remuneration and social security | 45 | €85,272 | €184,915 | +€99,643 | +117% |
| Taxes | 450/3 | €79,557 | €178,569 | +€99,012 | +124% |
| Remuneration and social security | 454/9 | €5,715 | €6,346 | +€631 | +11.0% |
| Other amounts payable | 47/48 | €2,029,290 | €2,461,034 | +€431,744 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €27,297 | +€27,297 | |
| Non-recurring operating income | 76A | €25,187 | €3,840 | -€21,347 | -84.8% |
| Remuneration, social security and pensions | 62 | €16,364 | €45,541 | +€29,177 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,855 | €1,186,866 | +€1.2m | +8,466% |
| Other operating charges | 640/8 | €1,424 | €2,615 | +€1,190 | +83.6% |
| Gross operating margin | 9900 | €1,849,880 | €4,297,538 | +€2.4m | +132% |
| Operating profit (loss) | 9901 | €1,818,236 | €3,062,516 | +€1.2m | +68.4% |
| Financial income | 75/76B | €230 | €7,404 | +€7,173 | +3,113% |
| Recurring financial income | 75 | €230 | €7,404 | +€7,173 | +3,113% |
| Financial charges | 65/66B | €78,247 | €78,385 | +€138 | +0.2% |
| Recurring financial charges | 65 | €78,247 | €78,385 | +€138 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,740,220 | €2,991,535 | +€1.3m | +71.9% |
| Income taxes | 67/77 | €431,681 | €749,390 | +€317,709 | +73.6% |
| Profit (loss) for the period | 9904 | €1,308,539 | €2,242,145 | +€933,606 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,308,539 | €2,242,145 | +€933,606 | +71.3% |
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.