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 -€245,818
down €245,818 (-16.2%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€220,668
- Cash +€164,810
up €164,810 (+487.0%), from €33,845 to €198,655
mainly Net result for the year (+€370,139) and Other debts (+€359,976)
- Trade debts -€370,371
down €370,371 (-60.6%), from €611,032 to €240,661
- Other debts +€359,976
up €359,976 (+224.7%), from €160,224 to €520,200
- Tax, wage and social debts -€45,603
down €45,603 (-48.4%), from €94,298 to €48,695
of which Taxes: -€62,419
- Debts after one year -€43,468
down €43,468 (-8.3%), from €520,797 to €477,329
- Current portion of long-term debt +€30,741
up €30,741 (+22.9%), from €134,011 to €164,752
- Gross operating margin +€463,198
up €463,198 (+55.3%), from €837,762 to €1.3m
- Staff costs +€170,216
up €170,216 (+51.0%), from €333,462 to €503,678
- Depreciation +€98,128
up €98,128 (+39.8%), from €246,771 to €344,899
- Taxes -€54,303
down €54,303 (-97.3%), from €55,788 to €1,485
- Other operating charges +€31,571
up €31,571 (+199.8%), from €15,799 to €47,370
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 | €1,782,727 | €1,714,002 | -€68,724 | -3.9% |
| Fixed assets | 21/28 | €1,514,620 | €1,268,802 | -€245,818 | -16.2% |
| Tangible fixed assets | 22/27 | €1,514,620 | €1,268,802 | -€245,818 | -16.2% |
| Land and buildings | 22 | €2,812 | €4,637 | +€1,825 | +64.9% |
| Plant, machinery and equipment | 23 | €1,284,269 | €1,063,601 | -€220,668 | -17.2% |
| Furniture and vehicles | 24 | €36,159 | €54,810 | +€18,651 | +51.6% |
| Leasing and similar rights | 25 | €191,379 | €145,754 | -€45,625 | -23.8% |
| Current assets | 29/58 | €268,107 | €445,200 | +€177,093 | +66.1% |
| Amounts receivable within one year | 40/41 | €231,894 | €237,247 | +€5,353 | +2.3% |
| Trade receivables | 40 | €221,170 | €202,626 | -€18,544 | -8.4% |
| Other amounts receivable | 41 | €10,724 | €34,621 | +€23,897 | +222.8% |
| Cash at bank and in hand | 54/58 | €33,845 | €198,655 | +€164,810 | +487.0% |
| Deferred charges and accrued income | 490/1 | €2,368 | €9,299 | +€6,931 | +292.7% |
| Total equity and liabilities | 10/49 | €1,782,727 | €1,714,002 | -€68,724 | -3.9% |
| Equity | 10/15 | €262,365 | €262,365 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,765 | €243,765 | = | 0.0% |
| Distributable reserves | 133 | €243,765 | €243,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,520,361 | €1,451,637 | -€68,724 | -4.5% |
| Amounts payable after more than one year | 17 | €520,797 | €477,329 | -€43,468 | -8.3% |
| Financial debts | 170/4 | €520,797 | €477,329 | -€43,468 | -8.3% |
| Amounts payable within one year | 42/48 | €999,564 | €974,308 | -€25,256 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €134,011 | €164,752 | +€30,741 | +22.9% |
| Trade debts | 44 | €611,032 | €240,661 | -€370,371 | -60.6% |
| Suppliers | 440/4 | €611,032 | €240,661 | -€370,371 | -60.6% |
| Taxes, remuneration and social security | 45 | €94,298 | €48,695 | -€45,603 | -48.4% |
| Taxes | 450/3 | €63,904 | €1,485 | -€62,419 | -97.7% |
| Remuneration and social security | 454/9 | €30,394 | €47,210 | +€16,816 | +55.3% |
| Other amounts payable | 47/48 | €160,224 | €520,200 | +€359,976 | +224.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €333,462 | €503,678 | +€170,216 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,771 | €344,899 | +€98,128 | +39.8% |
| Other operating charges | 640/8 | €15,799 | €47,370 | +€31,571 | +199.8% |
| Non-recurring operating charges | 66A | €0 | €3,699 | +€3,699 | |
| Gross operating margin | 9900 | €837,762 | €1,300,959 | +€463,198 | +55.3% |
| Operating profit (loss) | 9901 | €241,730 | €401,313 | +€159,584 | +66.0% |
| Financial income | 75/76B | €364 | €534 | +€170 | +46.8% |
| Recurring financial income | 75 | €364 | €534 | +€170 | +46.8% |
| Financial charges | 65/66B | €26,081 | €30,223 | +€4,142 | +15.9% |
| Recurring financial charges | 65 | €26,081 | €30,223 | +€4,142 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €216,012 | €371,624 | +€155,612 | +72.0% |
| Income taxes | 67/77 | €55,788 | €1,485 | -€54,303 | -97.3% |
| Profit (loss) for the period | 9904 | €160,224 | €370,139 | +€209,915 | +131.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,224 | €370,139 | +€209,915 | +131.0% |
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 5 October 2026 via checked.be.