ALREC GROUP: 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.
ALREC GROUP
Largest movements
- Receivables within one year +€346,524
up €346,524 (+3,510%), from €9,873 to €356,396
of which Trade receivables: +€325,318
- Cash +€105,003
up €105,003 (+255%), from €41,255 to €146,258
mainly Trade debts (+€376,416) and Net result for the year (+€112,468)
- Stocks and contracts +€76,005
up €76,005 (+35.2%), from €215,972 to €291,978
- Deferred charges and accrued income -€24,568
down €24,568 (-75.6%), from €32,512 to €7,944
- Tangible fixed assets -€23,292
down €23,292 (-11.4%), from €204,498 to €181,205
of which Furniture and vehicles: -€19,687
- Trade debts +€376,416
up €376,416 (+301%), from €125,247 to €501,663
- Profit (loss) carried forward +€112,468
up €112,468 (+42.2%), from €266,635 to €379,103
- Other debts -€11,200
no longer reported in 2024 (was €11,200)
- Depreciation -€16,473
down €16,473 (-38.4%), from €42,852 to €26,379
- Gross operating margin +€10,557
up €10,557 (+4.5%), from €234,112 to €244,669
- Staff costs +€9,837
up €9,837 (+18.1%), from €54,241 to €64,078
- Taxes +€7,194
up €7,194 (+25.9%), from €27,800 to €34,994
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,798 | €985,469 | +€479,671 | +94.8% |
| Fixed assets | 21/28 | €206,185 | €182,893 | -€23,292 | -11.3% |
| Tangible fixed assets | 22/27 | €204,498 | €181,205 | -€23,292 | -11.4% |
| Land and buildings | 22 | €156,553 | €152,364 | -€4,189 | -2.7% |
| Plant, machinery and equipment | 23 | €1,532 | €2,115 | +€584 | +38.1% |
| Furniture and vehicles | 24 | €46,413 | €26,726 | -€19,687 | -42.4% |
| Financial fixed assets | 28 | €1,688 | €1,688 | = | 0.0% |
| Current assets | 29/58 | €299,612 | €802,576 | +€502,964 | +168% |
| Stocks and contracts in progress | 3 | €215,972 | €291,978 | +€76,005 | +35.2% |
| Stocks | 30/36 | €215,972 | €291,978 | +€76,005 | +35.2% |
| Amounts receivable within one year | 40/41 | €9,873 | €356,396 | +€346,524 | +3,510% |
| Trade receivables | 40 | €4,769 | €330,087 | +€325,318 | +6,821% |
| Other amounts receivable | 41 | €5,103 | €26,309 | +€21,206 | +416% |
| Cash at bank and in hand | 54/58 | €41,255 | €146,258 | +€105,003 | +255% |
| Deferred charges and accrued income | 490/1 | €32,512 | €7,944 | -€24,568 | -75.6% |
| Total equity and liabilities | 10/49 | €505,798 | €985,469 | +€479,671 | +94.8% |
| Equity | 10/15 | €276,635 | €389,103 | +€112,468 | +40.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,635 | €379,103 | +€112,468 | +42.2% |
| Amounts payable | 17/49 | €229,162 | €596,366 | +€367,203 | +160% |
| Amounts payable within one year | 42/48 | €228,778 | €596,366 | +€367,588 | +161% |
| Trade debts | 44 | €125,247 | €501,663 | +€376,416 | +301% |
| Suppliers | 440/4 | €125,247 | €501,663 | +€376,416 | +301% |
| Taxes, remuneration and social security | 45 | €92,331 | €94,703 | +€2,372 | +2.6% |
| Taxes | 450/3 | €79,934 | €79,013 | -€920 | -1.2% |
| Remuneration and social security | 454/9 | €12,397 | €15,689 | +€3,292 | +26.6% |
| Other amounts payable | 47/48 | €11,200 | - | -€11,200 | |
| Accrued charges and deferred income | 492/3 | €384 | - | -€384 | |
| Remuneration, social security and pensions | 62 | €54,241 | €64,078 | +€9,837 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,852 | €26,379 | -€16,473 | -38.4% |
| Other operating charges | 640/8 | €4,997 | €4,854 | -€143 | -2.9% |
| Gross operating margin | 9900 | €234,112 | €244,669 | +€10,557 | +4.5% |
| Operating profit (loss) | 9901 | €132,022 | €149,358 | +€17,336 | +13.1% |
| Financial income | 75/76B | - | €251 | +€251 | |
| Recurring financial income | 75 | - | €251 | +€251 | |
| Financial charges | 65/66B | €1,011 | €2,147 | +€1,137 | +112% |
| Recurring financial charges | 65 | €1,011 | €2,147 | +€1,137 | +112% |
| Profit (loss) for the period before taxes | 9903 | €131,012 | €147,462 | +€16,450 | +12.6% |
| Income taxes | 67/77 | €27,800 | €34,994 | +€7,194 | +25.9% |
| Profit (loss) for the period | 9904 | €103,212 | €112,468 | +€9,256 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,212 | €112,468 | +€9,256 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.