ALCOM: 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.
ALCOM
Largest movements
- Tangible fixed assets -€328,260
down €328,260 (-14.8%), from €2.2m to €1.9m
of which Plant, machinery and equipment: -€307,992
- Stocks and contracts +€150,250
up €150,250 (+48.1%), from €312,600 to €462,850
- Receivables within one year -€124,804
down €124,804 (-16.2%), from €771,831 to €647,027
of which Trade receivables: -€123,304
- Reserves -€355,885
down €355,885 (-14.4%), from €2.5m to €2.1m
of which Distributable reserves: -€355,885
- Other debts -€85,138
down €85,138 (-4.6%), from €1.8m to €1.8m
- Gross operating margin -€220,562
down €220,562 (-13.9%), from €1.6m to €1.4m
- Staff costs -€123,469
down €123,469 (-10.5%), from €1.2m to €1.1m
- Depreciation +€80,590
up €80,590 (+18.4%), from €436,828 to €517,418
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 | €5,479,522 | €5,113,609 | -€365,914 | -6.7% |
| Fixed assets | 21/28 | €2,229,881 | €1,903,121 | -€326,760 | -14.7% |
| Tangible fixed assets | 22/27 | €2,218,531 | €1,890,271 | -€328,260 | -14.8% |
| Land and buildings | 22 | €156,337 | €138,105 | -€18,231 | -11.7% |
| Plant, machinery and equipment | 23 | €2,039,744 | €1,731,753 | -€307,992 | -15.1% |
| Furniture and vehicles | 24 | €22,450 | €20,413 | -€2,037 | -9.1% |
| Financial fixed assets | 28 | €11,350 | €12,850 | +€1,500 | +13.2% |
| Current assets | 29/58 | €3,249,641 | €3,210,488 | -€39,153 | -1.2% |
| Stocks and contracts in progress | 3 | €312,600 | €462,850 | +€150,250 | +48.1% |
| Stocks | 30/36 | €312,600 | €462,850 | +€150,250 | +48.1% |
| Amounts receivable within one year | 40/41 | €771,831 | €647,027 | -€124,804 | -16.2% |
| Trade receivables | 40 | €770,331 | €647,027 | -€123,304 | -16.0% |
| Other amounts receivable | 41 | €1,500 | - | -€1,500 | |
| Current investments | 50/53 | €1,248,786 | €1,220,196 | -€28,590 | -2.3% |
| Cash at bank and in hand | 54/58 | €916,424 | €880,414 | -€36,010 | -3.9% |
| Total equity and liabilities | 10/49 | €5,479,522 | €5,113,609 | -€365,914 | -6.7% |
| Equity | 10/15 | €2,536,929 | €2,181,045 | -€355,885 | -14.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,474,956 | €2,119,071 | -€355,885 | -14.4% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €2,462,561 | €2,106,677 | -€355,885 | -14.5% |
| Amounts payable | 17/49 | €2,942,593 | €2,932,564 | -€10,029 | -0.3% |
| Amounts payable within one year | 42/48 | €2,942,593 | €2,932,564 | -€10,029 | -0.3% |
| Trade debts | 44 | €871,515 | €903,030 | +€31,515 | +3.6% |
| Suppliers | 440/4 | €871,515 | €903,030 | +€31,515 | +3.6% |
| Taxes, remuneration and social security | 45 | €225,768 | €269,363 | +€43,595 | +19.3% |
| Taxes | 450/3 | €55,729 | €81,496 | +€25,767 | +46.2% |
| Remuneration and social security | 454/9 | €170,040 | €187,868 | +€17,828 | +10.5% |
| Other amounts payable | 47/48 | €1,845,309 | €1,760,171 | -€85,138 | -4.6% |
| Non-recurring operating income | 76A | €783 | €1,810 | +€1,027 | +131.1% |
| Remuneration, social security and pensions | 62 | €1,179,139 | €1,055,670 | -€123,469 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436,828 | €517,418 | +€80,590 | +18.4% |
| Other operating charges | 640/8 | €81,272 | €75,491 | -€5,780 | -7.1% |
| Gross operating margin | 9900 | €1,586,715 | €1,366,153 | -€220,562 | -13.9% |
| Operating profit (loss) | 9901 | -€110,524 | -€282,426 | -€171,902 | -155.5% |
| Financial income | 75/76B | €55,145 | €42,349 | -€12,796 | -23.2% |
| Recurring financial income | 75 | €55,145 | €42,349 | -€12,796 | -23.2% |
| Financial charges | 65/66B | €131,234 | €115,807 | -€15,427 | -11.8% |
| Recurring financial charges | 65 | €131,234 | €115,807 | -€15,427 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€186,614 | -€355,885 | -€169,271 | -90.7% |
| Profit (loss) for the period | 9904 | -€186,614 | -€355,885 | -€169,271 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,614 | -€355,885 | -€169,271 | -90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.