ALEMA & CIE: what changed
ALEMA & CIE
Largest movements
- Tangible fixed assets -€30,775
down €30,775 (-10.5%), from €294,124 to €263,349
of which Land and buildings: -€30,000
- Receivables within one year -€26,298
down €26,298 (-14.4%), from €182,257 to €155,959
of which Other amounts receivable: -€42,916
- Cash +€9,030
up €9,030 (+10.7%), from €84,406 to €93,436
mainly Depreciation (+€44,121) and Net result for the year (+€29,128)
- Debts after one year -€33,838
down €33,838 (-54.8%), from €61,800 to €27,961
- Trade debts +€28,299
up €28,299 (+72.7%), from €38,932 to €67,232
- Current portion of long-term debt -€26,279
down €26,279 (-42.3%), from €62,080 to €35,801
- Reserves -€17,800
down €17,800 (-12.6%), from €141,096 to €123,296
of which Distributable reserves: -€17,800
- Tax, wage and social debts +€9,327
up €9,327 (+16.1%), from €57,809 to €67,136
of which Remuneration and social security: +€10,033
- Gross operating margin +€44,241
up €44,241 (+26.9%), from €164,177 to €208,418
- Staff costs +€28,424
up €28,424 (+33.6%), from €84,623 to €113,048
- Depreciation +€6,032
up €6,032 (+15.8%), from €38,089 to €44,121
- Financial charges -€4,667
down €4,667 (-43.2%), from €10,796 to €6,129
- Taxes +€3,702
up €3,702 (+27.2%), from €13,600 to €17,302
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €572,138 | €523,620 | -€48,518 | -8.5% |
| Fixed assets | 21/28 | €294,135 | €263,360 | -€30,775 | -10.5% |
| Tangible fixed assets | 22/27 | €294,124 | €263,349 | -€30,775 | -10.5% |
| Land and buildings | 22 | €260,000 | €230,000 | -€30,000 | -11.5% |
| Plant, machinery and equipment | 23 | €4,590 | €6,370 | +€1,780 | +38.8% |
| Furniture and vehicles | 24 | €13,303 | €7,817 | -€5,486 | -41.2% |
| Other tangible fixed assets | 26 | €16,230 | €19,162 | +€2,931 | +18.1% |
| Financial fixed assets | 28 | €11 | €11 | = | 0.0% |
| Current assets | 29/58 | €278,003 | €260,260 | -€17,743 | -6.4% |
| Stocks and contracts in progress | 3 | €8,579 | €9,972 | +€1,392 | +16.2% |
| Stocks | 30/36 | €8,579 | €9,972 | +€1,392 | +16.2% |
| Amounts receivable within one year | 40/41 | €182,257 | €155,959 | -€26,298 | -14.4% |
| Trade receivables | 40 | €6,138 | €22,755 | +€16,617 | +271% |
| Other amounts receivable | 41 | €176,120 | €133,204 | -€42,916 | -24.4% |
| Cash at bank and in hand | 54/58 | €84,406 | €93,436 | +€9,030 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,760 | €894 | -€1,867 | -67.6% |
| Total equity and liabilities | 10/49 | €572,138 | €523,620 | -€48,518 | -8.5% |
| Equity | 10/15 | €342,368 | €324,695 | -€17,672 | -5.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €141,096 | €123,296 | -€17,800 | -12.6% |
| Non-distributable reserves | 130/1 | €11,396 | €11,396 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,396 | €11,396 | = | 0.0% |
| Distributable reserves | 133 | €129,700 | €111,900 | -€17,800 | -13.7% |
| Profit (loss) carried forward | 14 | €1,271 | €1,399 | +€128 | +10.0% |
| Amounts payable | 17/49 | €229,770 | €198,925 | -€30,845 | -13.4% |
| Amounts payable after more than one year | 17 | €61,800 | €27,961 | -€33,838 | -54.8% |
| Financial debts | 170/4 | €61,800 | €27,961 | -€33,838 | -54.8% |
| Amounts payable within one year | 42/48 | €158,822 | €170,169 | +€11,347 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €62,080 | €35,801 | -€26,279 | -42.3% |
| Trade debts | 44 | €38,932 | €67,232 | +€28,299 | +72.7% |
| Suppliers | 440/4 | €38,932 | €67,232 | +€28,299 | +72.7% |
| Taxes, remuneration and social security | 45 | €57,809 | €67,136 | +€9,327 | +16.1% |
| Taxes | 450/3 | €46,173 | €45,467 | -€706 | -1.5% |
| Remuneration and social security | 454/9 | €11,637 | €21,670 | +€10,033 | +86.2% |
| Accrued charges and deferred income | 492/3 | €9,149 | €795 | -€8,354 | -91.3% |
| Remuneration, social security and pensions | 62 | €84,623 | €113,048 | +€28,424 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,089 | €44,121 | +€6,032 | +15.8% |
| Other operating charges | 640/8 | €6,328 | €6,249 | -€79 | -1.2% |
| Gross operating margin | 9900 | €164,177 | €208,418 | +€44,241 | +26.9% |
| Operating profit (loss) | 9901 | €35,136 | €45,000 | +€9,864 | +28.1% |
| Financial income | 75/76B | €9,796 | €7,559 | -€2,237 | -22.8% |
| Recurring financial income | 75 | €9,796 | €7,559 | -€2,237 | -22.8% |
| Financial charges | 65/66B | €10,796 | €6,129 | -€4,667 | -43.2% |
| Recurring financial charges | 65 | €10,796 | €6,129 | -€4,667 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €34,136 | €46,429 | +€12,294 | +36.0% |
| Income taxes | 67/77 | €13,600 | €17,302 | +€3,702 | +27.2% |
| Profit (loss) for the period | 9904 | €20,536 | €29,128 | +€8,592 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,536 | €29,128 | +€8,592 | +41.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.