ALCIS MANAGEMENT: 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.
ALCIS MANAGEMENT
Largest movements
- Tangible fixed assets -€39,806
down €39,806 (-12.1%), from €328,204 to €288,398
of which Plant, machinery and equipment: -€38,387
- Cash +€18,646
up €18,646 (+43.4%), from €42,987 to €61,633
mainly Depreciation (+€44,181) and Receivables within one year (+€13,518)
- Receivables within one year -€13,518
down €13,518 (-13.2%), from €102,711 to €89,193
of which Trade receivables: -€9,596
- Stocks and contracts -€7,944
down €7,944 (-12.3%), from €64,535 to €56,591
- Debts after one year -€46,665
down €46,665 (-23.1%), from €202,345 to €155,680
- Profit (loss) carried forward -€9,252
down €9,252 (-11.1%), from -€83,084 to -€92,336
- Trade debts +€6,482
up €6,482 (+3.7%), from €174,549 to €181,031
- Turnover +€102,194
up €102,194 (+5.5%), from €1.8m to €1.9m
- Purchases and services +€84,703
up €84,703 (+5.2%), from €1.6m to €1.7m
- Gross operating margin +€30,419
up €30,419 (+11.6%), from €261,552 to €291,972
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 | €551,733 | €507,620 | -€44,114 | -8.0% |
| Formation expenses | 20 | €5,323 | €4,673 | -€650 | -12.2% |
| Fixed assets | 21/28 | €328,204 | €288,398 | -€39,806 | -12.1% |
| Tangible fixed assets | 22/27 | €328,204 | €288,398 | -€39,806 | -12.1% |
| Plant, machinery and equipment | 23 | €323,714 | €285,328 | -€38,387 | -11.9% |
| Furniture and vehicles | 24 | €4,490 | €3,070 | -€1,420 | -31.6% |
| Current assets | 29/58 | €218,206 | €214,549 | -€3,657 | -1.7% |
| Stocks and contracts in progress | 3 | €64,535 | €56,591 | -€7,944 | -12.3% |
| Stocks | 30/36 | €64,535 | €56,591 | -€7,944 | -12.3% |
| Amounts receivable within one year | 40/41 | €102,711 | €89,193 | -€13,518 | -13.2% |
| Trade receivables | 40 | €26,216 | €16,620 | -€9,596 | -36.6% |
| Other amounts receivable | 41 | €76,496 | €72,574 | -€3,922 | -5.1% |
| Cash at bank and in hand | 54/58 | €42,987 | €61,633 | +€18,646 | +43.4% |
| Deferred charges and accrued income | 490/1 | €7,973 | €7,133 | -€841 | -10.5% |
| Total equity and liabilities | 10/49 | €551,733 | €507,620 | -€44,114 | -8.0% |
| Equity | 10/15 | €104,678 | €95,426 | -€9,252 | -8.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €37,762 | €37,762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,639 | €2,639 | = | 0.0% |
| Legal reserve | 130 | €2,639 | €2,639 | = | 0.0% |
| Distributable reserves | 133 | €35,123 | €35,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,084 | -€92,336 | -€9,252 | -11.1% |
| Amounts payable | 17/49 | €447,056 | €412,194 | -€34,862 | -7.8% |
| Amounts payable after more than one year | 17 | €202,345 | €155,680 | -€46,665 | -23.1% |
| Financial debts | 170/4 | €202,345 | €155,680 | -€46,665 | -23.1% |
| Amounts payable within one year | 42/48 | €238,979 | €251,957 | +€12,978 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €44,910 | €46,665 | +€1,755 | +3.9% |
| Trade debts | 44 | €174,549 | €181,031 | +€6,482 | +3.7% |
| Suppliers | 440/4 | €174,549 | €181,031 | +€6,482 | +3.7% |
| Taxes, remuneration and social security | 45 | €19,520 | €24,261 | +€4,741 | +24.3% |
| Remuneration and social security | 454/9 | €19,520 | €24,261 | +€4,741 | +24.3% |
| Accrued charges and deferred income | 492/3 | €5,732 | €4,557 | -€1,175 | -20.5% |
| Turnover | 70 | €1,846,414 | €1,948,608 | +€102,194 | +5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,620,494 | €1,705,197 | +€84,703 | +5.2% |
| Remuneration, social security and pensions | 62 | €195,061 | €210,673 | +€15,612 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,206 | €44,181 | +€1,976 | +4.7% |
| Other operating charges | 640/8 | €10,454 | €10,665 | +€210 | +2.0% |
| Gross operating margin | 9900 | €261,552 | €291,972 | +€30,419 | +11.6% |
| Operating profit (loss) | 9901 | €13,831 | €26,452 | +€12,621 | +91.3% |
| Financial income | 75/76B | €1,441 | €2,602 | +€1,161 | +80.5% |
| Recurring financial income | 75 | €1,441 | €2,602 | +€1,161 | +80.5% |
| Financial charges | 65/66B | €21,476 | €20,404 | -€1,072 | -5.0% |
| Recurring financial charges | 65 | €21,476 | €20,404 | -€1,072 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,203 | €8,650 | +€14,854 | |
| Income taxes | 67/77 | - | €17,902 | +€17,902 | |
| Profit (loss) for the period | 9904 | -€6,203 | -€9,252 | -€3,048 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,203 | -€9,252 | -€3,048 | -49.1% |
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 20 October 2026 via checked.be.