ALESCOM: 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.
ALESCOM
Largest movements
- Receivables within one year +€148,486
up €148,486 (+366.6%), from €40,504 to €188,991
- Cash -€40,102
no longer reported in 2025 (was €40,102)
mainly Receivables within one year (-€148,486) and Investment in fixed assets (net) (-€13,083)
- Tangible fixed assets +€12,409
up €12,409 (+153.5%), from €8,085 to €20,494
of which Other tangible fixed assets: +€14,889
- Stocks and contracts -€6,597
down €6,597 (-19.6%), from €33,708 to €27,111
- Reserves +€45,000
up €45,000 (+115.4%), from €39,000 to €84,000
- Tax, wage and social debts +€25,979
up €25,979 (+110.0%), from €23,621 to €49,600
of which Taxes: +€24,547
- Trade debts +€25,435
up €25,435 (+92.6%), from €27,459 to €52,894
- Short-term financial debts +€13,630
new in 2025: €13,630
- Profit (loss) carried forward +€2,920
up €2,920 (+14.1%), from €20,738 to €23,658
- Staff costs -€27,670
no longer reported in 2025 (was €27,670)
- Gross operating margin +€15,172
up €15,172 (+28.1%), from €53,959 to €69,131
- Taxes +€11,669
up €11,669 (+156.2%), from €7,470 to €19,139
- Depreciation -€1,981
down €1,981 (-74.6%), from €2,656 to €674
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 | €125,175 | €238,122 | +€112,947 | +90.2% |
| Fixed assets | 21/28 | €8,085 | €20,494 | +€12,409 | +153.5% |
| Tangible fixed assets | 22/27 | €8,085 | €20,494 | +€12,409 | +153.5% |
| Plant, machinery and equipment | 23 | - | €3,375 | +€3,375 | |
| Furniture and vehicles | 24 | €8,085 | €2,230 | -€5,855 | -72.4% |
| Other tangible fixed assets | 26 | - | €14,889 | +€14,889 | |
| Current assets | 29/58 | €117,090 | €217,628 | +€100,538 | +85.9% |
| Stocks and contracts in progress | 3 | €33,708 | €27,111 | -€6,597 | -19.6% |
| Stocks | 30/36 | €33,708 | €27,111 | -€6,597 | -19.6% |
| Amounts receivable within one year | 40/41 | €40,504 | €188,991 | +€148,486 | +366.6% |
| Trade receivables | 40 | €40,504 | €188,991 | +€148,486 | +366.6% |
| Cash at bank and in hand | 54/58 | €40,102 | - | -€40,102 | |
| Deferred charges and accrued income | 490/1 | €2,775 | €1,527 | -€1,248 | -45.0% |
| Total equity and liabilities | 10/49 | €125,175 | €238,122 | +€112,947 | +90.2% |
| Equity | 10/15 | €73,998 | €121,918 | +€47,920 | +64.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €39,000 | €84,000 | +€45,000 | +115.4% |
| Distributable reserves | 133 | €39,000 | €84,000 | +€45,000 | +115.4% |
| Profit (loss) carried forward | 14 | €20,738 | €23,658 | +€2,920 | +14.1% |
| Amounts payable | 17/49 | €51,177 | €116,204 | +€65,027 | +127.1% |
| Amounts payable within one year | 42/48 | €51,177 | €116,204 | +€65,027 | +127.1% |
| Financial debts | 43 | - | €13,630 | +€13,630 | |
| Credit institutions | 430/8 | - | €13,630 | +€13,630 | |
| Trade debts | 44 | €27,459 | €52,894 | +€25,435 | +92.6% |
| Suppliers | 440/4 | €27,459 | €52,894 | +€25,435 | +92.6% |
| Taxes, remuneration and social security | 45 | €23,621 | €49,600 | +€25,979 | +110.0% |
| Taxes | 450/3 | €23,621 | €48,168 | +€24,547 | +103.9% |
| Remuneration and social security | 454/9 | - | €1,433 | +€1,433 | |
| Other amounts payable | 47/48 | €97 | €80 | -€17 | -18.0% |
| Remuneration, social security and pensions | 62 | €27,670 | - | -€27,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,656 | €674 | -€1,981 | -74.6% |
| Other operating charges | 640/8 | €549 | €911 | +€363 | +66.1% |
| Gross operating margin | 9900 | €53,959 | €69,131 | +€15,172 | +28.1% |
| Operating profit (loss) | 9901 | €23,084 | €67,545 | +€44,461 | +192.6% |
| Financial income | 75/76B | €360 | €148 | -€212 | -58.9% |
| Recurring financial income | 75 | €360 | €148 | -€212 | -58.9% |
| Financial charges | 65/66B | €1,316 | €633 | -€683 | -51.9% |
| Recurring financial charges | 65 | €1,316 | €633 | -€683 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €22,127 | €67,059 | +€44,932 | +203.1% |
| Income taxes | 67/77 | €7,470 | €19,139 | +€11,669 | +156.2% |
| Profit (loss) for the period | 9904 | €14,658 | €47,920 | +€33,263 | +226.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,658 | €47,920 | +€33,263 | +226.9% |
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 1 October 2026 via checked.be.