ALCOM ELECTRONICS: 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
ALCOM ELECTRONICS
NACE 46.643, Wholesale of electrical equipment, including installation materials
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€475,976
2024 · €1.1m-€616,588
Equity
€3.9m
2024 · €6.2m-€2.3m
Cash
€1.6m
2024 · €1.4m+€199,115
Balance sheet total
€5.5m
2024 · €7.8m-€2.3m
Largest movements
Assets
- Current investments -€2.8m
no longer reported in 2025 (was €2.8m)
- Receivables within one year +€286,921
up €286,921 (+9.4%), from €3.0m to €3.3m
of which Trade receivables: +€229,306
- Cash +€199,115
up €199,115 (+14.0%), from €1.4m to €1.6m
mainly Current investments (+€2.8m) and Net result for the year (+€475,976)
Equity and liabilities
- Reserves -€2.3m
down €2.3m (-37.9%), from €6.1m to €3.8m
of which Distributable reserves: -€2.3m
- Trade debts +€132,140
up €132,140 (+12.9%), from €1.0m to €1.2m
Income statement
- Turnover -€323,585
down €323,585 (-2.0%), from €16.5m to €16.2m
- Financial charges +€280,620
up €280,620 (+89.9%), from €312,208 to €592,828
- Taxes -€212,097
down €212,097 (-55.0%), from €385,705 to €173,608
of which Taxes: -€212,106
- Services and other goods +€205,379
up €205,379 (+18.1%), from €1.1m to €1.3m
- Goods and materials -€179,819
down €179,819 (-1.4%), from €12.8m to €12.7m
of which Change in stocks: decrease (increase): -€104,975
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
€1.1m
Turnover
-€323,585
Other operating income
-€10,092
Goods and materials
+€179,819
Services and other goods
-€205,379
Staff costs
-€27,110
Depreciation
+€10,074
Other operating charges
+€531
Other operating items
-€10,719
Financial income
-€161,604
Financial charges
-€280,620
Taxes
+€212,097
Result 2025
€475,976
raises the resultlowers the resultnot broken down further in the accounts
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
+€215,429
Investment
+€2.8m
Financing
-€2.8m
Cash 2024
€1.4m
From operations (derived)
+€215,429
Net result for the year
+€475,976
Depreciation
+€40,294
Stocks and contracts
-€75,525
Receivables within one year
-€286,921
Smaller working-capital items
+€4,062
Trade debts
+€132,140
Advances received
-€47,665
Other debts
-€37,684
Accrued charges and deferred income
+€10,752
Investment (derived)
+€2.8m
Investment in fixed assets (net)
-€16,314
Current investments
+€2.8m
Financing
-€2.8m
Contributions, distributions and other
-€2.8m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,780,191 | €5,511,276 | -€2.3m | -29.2% |
| Fixed assets | 21/28 | €307,770 | €283,790 | -€23,980 | -7.8% |
| Intangible fixed assets | 21 | €3,114 | - | -€3,114 | |
| Tangible fixed assets | 22/27 | €304,656 | €283,790 | -€20,866 | -6.8% |
| Plant, machinery and equipment | 23 | €53,265 | €42,316 | -€10,949 | -20.6% |
| Furniture and vehicles | 24 | €24,654 | €22,024 | -€2,630 | -10.7% |
| Other tangible fixed assets | 26 | €226,737 | €219,450 | -€7,287 | -3.2% |
| Current assets | 29/58 | €7,472,421 | €5,227,486 | -€2.2m | -30.0% |
| Stocks and contracts in progress | 3 | €188,458 | €263,983 | +€75,525 | +40.1% |
| Stocks | 30/36 | €188,458 | €263,983 | +€75,525 | +40.1% |
| Goods purchased for resale | 34 | €188,458 | €263,983 | +€75,525 | +40.1% |
| Amounts receivable within one year | 40/41 | €3,038,828 | €3,325,749 | +€286,921 | +9.4% |
| Trade receivables | 40 | €3,038,828 | €3,268,134 | +€229,306 | +7.5% |
| Other amounts receivable | 41 | - | €57,615 | +€57,615 | |
| Current investments | 50/53 | €2,800,000 | - | -€2.8m | |
| Other investments | 51/53 | €2,800,000 | - | -€2.8m | |
| Cash at bank and in hand | 54/58 | €1,419,178 | €1,618,293 | +€199,115 | +14.0% |
| Deferred charges and accrued income | 490/1 | €25,957 | €19,461 | -€6,496 | -25.0% |
| Total equity and liabilities | 10/49 | €7,780,191 | €5,511,276 | -€2.3m | -29.2% |
| Equity | 10/15 | €6,188,976 | €3,864,952 | -€2.3m | -37.6% |
| 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 | €6,127,003 | €3,802,979 | -€2.3m | -37.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €6,120,806 | €3,796,782 | -€2.3m | -38.0% |
| Amounts payable | 17/49 | €1,591,215 | €1,646,324 | +€55,109 | +3.5% |
| Amounts payable within one year | 42/48 | €1,563,381 | €1,607,738 | +€44,357 | +2.8% |
| Trade debts | 44 | €1,028,274 | €1,160,414 | +€132,140 | +12.9% |
| Suppliers | 440/4 | €1,028,274 | €1,160,414 | +€132,140 | +12.9% |
| Advances received on contracts in progress | 46 | €72,859 | €25,194 | -€47,665 | -65.4% |
| Taxes, remuneration and social security | 45 | €424,564 | €422,130 | -€2,434 | -0.6% |
| Taxes | 450/3 | €241,511 | €238,651 | -€2,860 | -1.2% |
| Remuneration and social security | 454/9 | €183,053 | €183,479 | +€426 | +0.2% |
| Other amounts payable | 47/48 | €37,684 | - | -€37,684 | |
| Accrued charges and deferred income | 492/3 | €27,834 | €38,586 | +€10,752 | +38.6% |
| Operating income | 70/76A | €16,786,070 | €16,441,674 | -€344,396 | -2.1% |
| Turnover | 70 | €16,512,624 | €16,189,039 | -€323,585 | -2.0% |
| Other operating income | 74 | €262,717 | €252,625 | -€10,092 | -3.8% |
| Non-recurring operating income | 76A | €10,729 | €10 | -€10,719 | -99.9% |
| Operating charges | 60/66A | €15,513,079 | €15,555,144 | +€42,065 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €12,835,583 | €12,655,764 | -€179,819 | -1.4% |
| Purchases | 600/8 | €12,806,133 | €12,731,289 | -€74,844 | -0.6% |
| Change in stocks: decrease (increase) | 609 | €29,450 | -€75,525 | -€104,975 | |
| Services and other goods | 61 | €1,132,130 | €1,337,509 | +€205,379 | +18.1% |
| Remuneration, social security and pensions | 62 | €1,476,600 | €1,503,710 | +€27,110 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,368 | €40,294 | -€10,074 | -20.0% |
| Other operating charges | 640/8 | €18,398 | €17,867 | -€531 | -2.9% |
| Operating profit (loss) | 9901 | €1,272,991 | €886,530 | -€386,461 | -30.4% |
| Financial income | 75/76B | €517,486 | €355,882 | -€161,604 | -31.2% |
| Recurring financial income | 75 | €517,486 | €355,882 | -€161,604 | -31.2% |
| Income from current assets | 751 | €126,109 | €62,479 | -€63,630 | -50.5% |
| Other financial income | 752/9 | €391,377 | €293,403 | -€97,974 | -25.0% |
| Financial charges | 65/66B | €312,208 | €592,828 | +€280,620 | +89.9% |
| Recurring financial charges | 65 | €312,208 | €592,828 | +€280,620 | +89.9% |
| Debt charges | 650 | €41,375 | €42,699 | +€1,324 | +3.2% |
| Other financial charges | 652/9 | €270,833 | €550,129 | +€279,296 | +103% |
| Profit (loss) for the period before taxes | 9903 | €1,478,269 | €649,584 | -€828,685 | -56.1% |
| Income taxes | 67/77 | €385,705 | €173,608 | -€212,097 | -55.0% |
| Taxes | 670/3 | €385,714 | €173,608 | -€212,106 | -55.0% |
| Tax adjustments and reversals of tax provisions | 77 | €9 | - | -€9 | |
| Profit (loss) for the period | 9904 | €1,092,564 | €475,976 | -€616,588 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,092,564 | €475,976 | -€616,588 | -56.4% |
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 15 October 2026 via checked.be.