ALECAM: 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.
ALECAM
Largest movements
- Tangible fixed assets +€31,346
up €31,346 (+30.0%), from €104,588 to €135,934
of which Land and buildings: +€27,017
- Receivables within one year +€11,665
up €11,665 (+45.1%), from €25,839 to €37,504
of which Other amounts receivable: +€9,865
- Cash +€3,842
up €3,842 (+83.7%), from €4,592 to €8,435
mainly Debts after one year (+€28,132) and Depreciation (+€15,444)
- Debts after one year +€28,132
up €28,132 (+37.0%), from €75,939 to €104,071
- Tax, wage and social debts +€8,142
up €8,142 (+144.5%), from €5,635 to €13,777
of which Taxes: +€6,730
- Current portion of long-term debt +€5,887
up €5,887 (+64.2%), from €9,164 to €15,051
- Profit (loss) carried forward -€4,739
down €4,739 (-30.8%), from €15,391 to €10,652
- Trade debts +€4,697
up €4,697 (+33.0%), from €14,237 to €18,934
- Depreciation +€6,926
up €6,926 (+81.3%), from €8,518 to €15,444
- Staff costs -€6,650
down €6,650 (-11.5%), from €57,864 to €51,215
- Financial charges +€4,093
up €4,093 (+127.3%), from €3,214 to €7,307
- Financial income +€732
up €732 (+195.9%), from €373 to €1,105
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 | €135,366 | €181,957 | +€46,591 | +34.4% |
| Fixed assets | 21/28 | €104,588 | €135,934 | +€31,346 | +30.0% |
| Tangible fixed assets | 22/27 | €104,588 | €135,934 | +€31,346 | +30.0% |
| Land and buildings | 22 | €96,336 | €123,352 | +€27,017 | +28.0% |
| Plant, machinery and equipment | 23 | €5,747 | €2,504 | -€3,243 | -56.4% |
| Furniture and vehicles | 24 | €2,505 | €10,078 | +€7,573 | +302.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €30,778 | €46,023 | +€15,245 | +49.5% |
| Amounts receivable within one year | 40/41 | €25,839 | €37,504 | +€11,665 | +45.1% |
| Trade receivables | 40 | €17,791 | €19,592 | +€1,801 | +10.1% |
| Other amounts receivable | 41 | €8,048 | €17,912 | +€9,865 | +122.6% |
| Cash at bank and in hand | 54/58 | €4,592 | €8,435 | +€3,842 | +83.7% |
| Deferred charges and accrued income | 490/1 | €347 | €84 | -€263 | -75.7% |
| Total equity and liabilities | 10/49 | €135,366 | €181,957 | +€46,591 | +34.4% |
| Equity | 10/15 | €20,391 | €15,652 | -€4,739 | -23.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,391 | €10,652 | -€4,739 | -30.8% |
| Amounts payable | 17/49 | €114,975 | €166,305 | +€51,330 | +44.6% |
| Amounts payable after more than one year | 17 | €75,939 | €104,071 | +€28,132 | +37.0% |
| Financial debts | 170/4 | €75,939 | €104,071 | +€28,132 | +37.0% |
| Amounts payable within one year | 42/48 | €39,036 | €62,234 | +€23,198 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €9,164 | €15,051 | +€5,887 | +64.2% |
| Financial debts | 43 | €10,000 | €14,471 | +€4,472 | +44.7% |
| Credit institutions | 430/8 | €10,000 | €14,471 | +€4,472 | +44.7% |
| Trade debts | 44 | €14,237 | €18,934 | +€4,697 | +33.0% |
| Suppliers | 440/4 | €14,237 | €18,934 | +€4,697 | +33.0% |
| Taxes, remuneration and social security | 45 | €5,635 | €13,777 | +€8,142 | +144.5% |
| Taxes | 450/3 | €281 | €7,011 | +€6,730 | +2394.4% |
| Remuneration and social security | 454/9 | €5,354 | €6,766 | +€1,412 | +26.4% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €57,864 | €51,215 | -€6,650 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,518 | €15,444 | +€6,926 | +81.3% |
| Other operating charges | 640/8 | €1,678 | €994 | -€683 | -40.7% |
| Gross operating margin | 9900 | €69,191 | €69,116 | -€76 | -0.1% |
| Operating profit (loss) | 9901 | €1,132 | €1,463 | +€332 | +29.3% |
| Financial income | 75/76B | €373 | €1,105 | +€732 | +195.9% |
| Recurring financial income | 75 | €373 | €1,105 | +€732 | +195.9% |
| Financial charges | 65/66B | €3,214 | €7,307 | +€4,093 | +127.3% |
| Recurring financial charges | 65 | €3,214 | €7,307 | +€4,093 | +127.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,709 | -€4,739 | -€3,030 | -177.2% |
| Profit (loss) for the period | 9904 | -€1,709 | -€4,739 | -€3,030 | -177.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,709 | -€4,739 | -€3,030 | -177.2% |
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 4 October 2026 via checked.be.