ALCREX: 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.
ALCREX
Largest movements
- Receivables after one year +€49,291
up €49,291 (+85.0%), from €58,013 to €107,304
- Tangible fixed assets -€46,468
down €46,468 (-53.4%), from €87,072 to €40,604
of which Land and buildings: -€33,281
- Cash +€12,144
up €12,144 (+20.6%), from €58,841 to €70,985
mainly Investment in fixed assets (net) (+€33,662) and Net result for the year (+€32,151)
- Receivables within one year -€2,816
down €2,816 (-25.3%), from €11,117 to €8,301
- Reserves +€32,151
up €32,151 (+17.3%), from €186,038 to €218,188
of which Distributable reserves: +€32,151
- Other debts -€12,626
no longer reported in 2025 (was €12,626)
- Tax, wage and social debts -€4,776
down €4,776 (-86.3%), from €5,532 to €756
- Gross operating margin -€9,248
down €9,248 (-11.7%), from €79,269 to €70,021
- Depreciation -€8,989
down €8,989 (-41.2%), from €21,796 to €12,806
- Financial income -€4,971
down €4,971 (-68.0%), from €7,309 to €2,338
- Taxes +€3,713
up €3,713 (+21.4%), from €17,385 to €21,098
- Financial charges -€1,174
down €1,174 (-23.2%), from €5,063 to €3,890
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 | €216,827 | €230,719 | +€13,892 | +6.4% |
| Fixed assets | 21/28 | €87,322 | €40,854 | -€46,468 | -53.2% |
| Tangible fixed assets | 22/27 | €87,072 | €40,604 | -€46,468 | -53.4% |
| Land and buildings | 22 | €33,281 | - | -€33,281 | |
| Plant, machinery and equipment | 23 | €5,537 | €7,954 | +€2,418 | +43.7% |
| Furniture and vehicles | 24 | €42,353 | €32,650 | -€9,703 | -22.9% |
| Other tangible fixed assets | 26 | €5,902 | - | -€5,902 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €129,504 | €189,865 | +€60,360 | +46.6% |
| Amounts receivable after more than one year | 29 | €58,013 | €107,304 | +€49,291 | +85.0% |
| Other amounts receivable | 291 | €58,013 | €107,304 | +€49,291 | +85.0% |
| Amounts receivable within one year | 40/41 | €11,117 | €8,301 | -€2,816 | -25.3% |
| Trade receivables | 40 | €11,117 | €8,301 | -€2,816 | -25.3% |
| Cash at bank and in hand | 54/58 | €58,841 | €70,985 | +€12,144 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,534 | €3,275 | +€1,741 | +113% |
| Total equity and liabilities | 10/49 | €216,827 | €230,719 | +€13,892 | +6.4% |
| Equity | 10/15 | €192,238 | €224,388 | +€32,151 | +16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,038 | €218,188 | +€32,151 | +17.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €184,178 | €216,329 | +€32,151 | +17.5% |
| Amounts payable | 17/49 | €24,589 | €6,331 | -€18,258 | -74.3% |
| Amounts payable within one year | 42/48 | €24,299 | €6,031 | -€18,268 | -75.2% |
| Trade debts | 44 | €6,140 | €5,275 | -€866 | -14.1% |
| Suppliers | 440/4 | €6,140 | €5,275 | -€866 | -14.1% |
| Taxes, remuneration and social security | 45 | €5,532 | €756 | -€4,776 | -86.3% |
| Taxes | 450/3 | €5,532 | €756 | -€4,776 | -86.3% |
| Other amounts payable | 47/48 | €12,626 | - | -€12,626 | |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Non-recurring operating income | 76A | €2,066 | €16,426 | +€14,360 | +695% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,796 | €12,806 | -€8,989 | -41.2% |
| Other operating charges | 640/8 | €2,871 | €2,414 | -€457 | -15.9% |
| Gross operating margin | 9900 | €79,269 | €70,021 | -€9,248 | -11.7% |
| Operating profit (loss) | 9901 | €54,603 | €54,801 | +€198 | +0.4% |
| Financial income | 75/76B | €7,309 | €2,338 | -€4,971 | -68.0% |
| Recurring financial income | 75 | €7,309 | €2,338 | -€4,971 | -68.0% |
| Financial charges | 65/66B | €5,063 | €3,890 | -€1,174 | -23.2% |
| Recurring financial charges | 65 | €5,063 | €3,890 | -€1,174 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €56,848 | €53,249 | -€3,599 | -6.3% |
| Income taxes | 67/77 | €17,385 | €21,098 | +€3,713 | +21.4% |
| Profit (loss) for the period | 9904 | €39,462 | €32,151 | -€7,312 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,462 | €32,151 | -€7,312 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.