ALEM: 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.
ALEM
Largest movements
- Cash +€62,242
up €62,242 (+49.1%), from €126,824 to €189,066
mainly Net result for the year (+€30,004) and Stocks and contracts (+€20,522)
- Stocks and contracts -€20,522
no longer reported in 2023 (was €20,522)
- Tangible fixed assets -€5,761
down €5,761 (-72.6%), from €7,940 to €2,180
of which Furniture and vehicles: -€6,037
- Receivables within one year -€2,791
down €2,791 (-23.0%), from €12,133 to €9,342
- Profit (loss) carried forward +€30,004
up €30,004 (+49.5%), from €60,675 to €90,679
- Tax, wage and social debts +€10,991
up €10,991 (+185%), from €5,955 to €16,946
of which Taxes: +€10,991
- Debts after one year -€3,574
no longer reported in 2023 (was €3,574)
- Current portion of long-term debt -€2,553
down €2,553 (-45.5%), from €5,616 to €3,063
- Purchases and services -€93,242
down €93,242 (-8.5%), from €1.1m to €1.0m
- Turnover -€60,016
down €60,016 (-5.4%), from €1.1m to €1.1m
- Gross operating margin +€33,226
up €33,226 (+171%), from €19,475 to €52,702
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,128 | €204,296 | +€33,168 | +19.4% |
| Fixed assets | 21/28 | €9,115 | €3,355 | -€5,761 | -63.2% |
| Tangible fixed assets | 22/27 | €7,940 | €2,180 | -€5,761 | -72.6% |
| Plant, machinery and equipment | 23 | €1,059 | €1,336 | +€277 | +26.1% |
| Furniture and vehicles | 24 | €6,881 | €844 | -€6,037 | -87.7% |
| Financial fixed assets | 28 | €1,175 | €1,175 | = | 0.0% |
| Current assets | 29/58 | €162,013 | €200,941 | +€38,929 | +24.0% |
| Stocks and contracts in progress | 3 | €20,522 | - | -€20,522 | |
| Stocks | 30/36 | €20,522 | - | -€20,522 | |
| Amounts receivable within one year | 40/41 | €12,133 | €9,342 | -€2,791 | -23.0% |
| Other amounts receivable | 41 | €12,133 | €9,342 | -€2,791 | -23.0% |
| Cash at bank and in hand | 54/58 | €126,824 | €189,066 | +€62,242 | +49.1% |
| Deferred charges and accrued income | 490/1 | €2,533 | €2,533 | = | 0.0% |
| Total equity and liabilities | 10/49 | €171,128 | €204,296 | +€33,168 | +19.4% |
| Equity | 10/15 | €145,484 | €175,488 | +€30,004 | +20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,209 | €66,209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €64,349 | €64,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,675 | €90,679 | +€30,004 | +49.5% |
| Amounts payable | 17/49 | €25,644 | €28,808 | +€3,164 | +12.3% |
| Amounts payable after more than one year | 17 | €3,574 | - | -€3,574 | |
| Financial debts | 170/4 | €3,574 | - | -€3,574 | |
| Amounts payable within one year | 42/48 | €22,071 | €28,808 | +€6,737 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €5,616 | €3,063 | -€2,553 | -45.5% |
| Trade debts | 44 | €10,500 | €8,799 | -€1,701 | -16.2% |
| Suppliers | 440/4 | €10,500 | €8,799 | -€1,701 | -16.2% |
| Taxes, remuneration and social security | 45 | €5,955 | €16,946 | +€10,991 | +185% |
| Taxes | 450/3 | €3,985 | €14,976 | +€10,991 | +276% |
| Remuneration and social security | 454/9 | €1,970 | €1,970 | = | 0.0% |
| Turnover | 70 | €1,113,137 | €1,053,121 | -€60,016 | -5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,093,661 | €1,000,420 | -€93,242 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,803 | €9,347 | +€543 | +6.2% |
| Other operating charges | 640/8 | €1,575 | €1,642 | +€67 | +4.3% |
| Gross operating margin | 9900 | €19,475 | €52,702 | +€33,226 | +171% |
| Operating profit (loss) | 9901 | €9,097 | €41,713 | +€32,616 | +359% |
| Financial income | 75/76B | €635 | €383 | -€251 | -39.6% |
| Recurring financial income | 75 | €635 | €383 | -€251 | -39.6% |
| Financial charges | 65/66B | €264 | €723 | +€459 | +174% |
| Recurring financial charges | 65 | €264 | €723 | +€459 | +174% |
| Profit (loss) for the period before taxes | 9903 | €9,468 | €41,373 | +€31,905 | +337% |
| Income taxes | 67/77 | €3,137 | €11,368 | +€8,232 | +262% |
| Profit (loss) for the period | 9904 | €6,331 | €30,004 | +€23,673 | +374% |
| Profit (loss) for the period to be appropriated | 9905 | €6,331 | €30,004 | +€23,673 | +374% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.