ALCHEMY PARTNERS: 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.
ALCHEMY PARTNERS
Largest movements
- Cash +€257,847
up €257,847 (+858%), from €30,048 to €287,896
mainly Current investments (+€249,388) and Receivables within one year (+€68,930)
- Current investments -€249,388
down €249,388 (-23.2%), from €1.1m to €825,826
- Receivables within one year -€68,930
down €68,930 (-64.7%), from €106,506 to €37,576
of which Other amounts receivable: -€71,095
- Deferred charges and accrued income +€43,536
up €43,536 (+58.2%), from €74,838 to €118,374
- Reserves -€20,277
down €20,277 (-1.5%), from €1.4m to €1.4m
of which Tax-exempt reserves: -€39,995
- Gross operating margin -€374,544
down €374,544, from €325,875 to -€48,669
- Taxes -€119,357
down €119,357 (-98.1%), from €121,668 to €2,311
- Financial income +€22,990
up €22,990 (+88.6%), from €25,948 to €48,938
- Financial charges +€4,385
up €4,385 (+218%), from €2,015 to €6,399
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 | €1,421,752 | €1,393,650 | -€28,102 | -2.0% |
| Fixed assets | 21/28 | €135,145 | €123,978 | -€11,167 | -8.3% |
| Tangible fixed assets | 22/27 | €35,145 | €23,978 | -€11,167 | -31.8% |
| Plant, machinery and equipment | 23 | €17,034 | €13,020 | -€4,015 | -23.6% |
| Furniture and vehicles | 24 | €18,111 | €10,958 | -€7,153 | -39.5% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €1,286,607 | €1,269,673 | -€16,934 | -1.3% |
| Amounts receivable within one year | 40/41 | €106,506 | €37,576 | -€68,930 | -64.7% |
| Trade receivables | 40 | €0 | €2,165 | +€2,165 | |
| Other amounts receivable | 41 | €106,506 | €35,411 | -€71,095 | -66.8% |
| Current investments | 50/53 | €1,075,214 | €825,826 | -€249,388 | -23.2% |
| Cash at bank and in hand | 54/58 | €30,048 | €287,896 | +€257,847 | +858% |
| Deferred charges and accrued income | 490/1 | €74,838 | €118,374 | +€43,536 | +58.2% |
| Total equity and liabilities | 10/49 | €1,421,752 | €1,393,650 | -€28,102 | -2.0% |
| Equity | 10/15 | €1,401,814 | €1,381,537 | -€20,277 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,395,614 | €1,375,337 | -€20,277 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €40,333 | €338 | -€39,995 | -99.2% |
| Distributable reserves | 133 | €1,355,281 | €1,374,999 | +€19,718 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,938 | €12,113 | -€7,824 | -39.2% |
| Amounts payable within one year | 42/48 | €18,822 | €11,471 | -€7,351 | -39.1% |
| Trade debts | 44 | €8,212 | €2,412 | -€5,800 | -70.6% |
| Suppliers | 440/4 | €8,212 | €2,412 | -€5,800 | -70.6% |
| Taxes, remuneration and social security | 45 | €3,141 | €391 | -€2,751 | -87.6% |
| Taxes | 450/3 | €3,141 | €391 | -€2,751 | -87.6% |
| Other amounts payable | 47/48 | €7,468 | €8,668 | +€1,200 | +16.1% |
| Accrued charges and deferred income | 492/3 | €1,116 | €642 | -€474 | -42.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,521 | €11,167 | +€646 | +6.1% |
| Other operating charges | 640/8 | €573 | €669 | +€95 | +16.6% |
| Gross operating margin | 9900 | €325,875 | -€48,669 | -€374,544 | |
| Operating profit (loss) | 9901 | €314,780 | -€60,505 | -€375,285 | |
| Financial income | 75/76B | €25,948 | €48,938 | +€22,990 | +88.6% |
| Recurring financial income | 75 | €25,948 | €48,938 | +€22,990 | +88.6% |
| Financial charges | 65/66B | €2,015 | €6,399 | +€4,385 | +218% |
| Recurring financial charges | 65 | €2,015 | €6,399 | +€4,385 | +218% |
| Profit (loss) for the period before taxes | 9903 | €338,713 | -€17,967 | -€356,680 | |
| Income taxes | 67/77 | €121,668 | €2,311 | -€119,357 | -98.1% |
| Profit (loss) for the period | 9904 | €217,045 | -€20,277 | -€237,323 | |
| Transfer from tax-exempt reserves | 789 | €73,372 | €39,995 | -€33,377 | -45.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €290,417 | €19,718 | -€270,700 | -93.2% |
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 17 October 2026 via checked.be.