ALSACO: 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.
ALSACO
Largest movements
- Receivables within one year -€31,504
down €31,504 (-10.5%), from €299,440 to €267,936
of which Trade receivables: -€94,317
- Cash +€8,414
up €8,414 (+34.5%), from €24,384 to €32,798
mainly Receivables within one year (+€31,504) and Short-term financial debts (+€25,123)
- Other debts -€34,150
down €34,150 (-76.5%), from €44,650 to €10,500
- Short-term financial debts +€25,123
up €25,123 (+26.2%), from €95,805 to €120,928
- Trade debts -€11,649
down €11,649 (-8.2%), from €141,889 to €130,239
- Current portion of long-term debt -€7,581
down €7,581 (-65.5%), from €11,581 to €4,000
- Tax, wage and social debts +€4,449
up €4,449 (+8.6%), from €51,999 to €56,448
of which Taxes: +€11,433
- Staff costs -€35,802
down €35,802 (-15.8%), from €226,994 to €191,192
- Gross operating margin -€26,010
down €26,010 (-10.8%), from €240,855 to €214,845
- Depreciation -€3,625
down €3,625 (-37.4%), from €9,702 to €6,078
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 | €349,447 | €326,028 | -€23,419 | -6.7% |
| Fixed assets | 21/28 | €25,406 | €25,076 | -€330 | -1.3% |
| Intangible fixed assets | 21 | €8,684 | €5,361 | -€3,323 | -38.3% |
| Tangible fixed assets | 22/27 | €16,722 | €19,716 | +€2,993 | +17.9% |
| Land and buildings | 22 | €4,168 | €3,672 | -€495 | -11.9% |
| Furniture and vehicles | 24 | €12,554 | €16,043 | +€3,489 | +27.8% |
| Current assets | 29/58 | €324,041 | €300,952 | -€23,090 | -7.1% |
| Amounts receivable within one year | 40/41 | €299,440 | €267,936 | -€31,504 | -10.5% |
| Trade receivables | 40 | €183,620 | €89,303 | -€94,317 | -51.4% |
| Other amounts receivable | 41 | €115,820 | €178,633 | +€62,813 | +54.2% |
| Cash at bank and in hand | 54/58 | €24,384 | €32,798 | +€8,414 | +34.5% |
| Deferred charges and accrued income | 490/1 | €217 | €217 | = | 0.0% |
| Total equity and liabilities | 10/49 | €349,447 | €326,028 | -€23,419 | -6.7% |
| Equity | 10/15 | €3,523 | €3,912 | +€389 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 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 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,937 | -€35,548 | +€389 | +1.1% |
| Amounts payable | 17/49 | €345,924 | €322,116 | -€23,808 | -6.9% |
| Amounts payable within one year | 42/48 | €345,924 | €322,116 | -€23,808 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €11,581 | €4,000 | -€7,581 | -65.5% |
| Financial debts | 43 | €95,805 | €120,928 | +€25,123 | +26.2% |
| Credit institutions | 430/8 | €95,805 | €120,928 | +€25,123 | +26.2% |
| Trade debts | 44 | €141,889 | €130,239 | -€11,649 | -8.2% |
| Suppliers | 440/4 | €141,889 | €130,239 | -€11,649 | -8.2% |
| Taxes, remuneration and social security | 45 | €51,999 | €56,448 | +€4,449 | +8.6% |
| Taxes | 450/3 | €16,738 | €28,171 | +€11,433 | +68.3% |
| Remuneration and social security | 454/9 | €35,261 | €28,278 | -€6,983 | -19.8% |
| Other amounts payable | 47/48 | €44,650 | €10,500 | -€34,150 | -76.5% |
| Remuneration, social security and pensions | 62 | €226,994 | €191,192 | -€35,802 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,702 | €6,078 | -€3,625 | -37.4% |
| Other operating charges | 640/8 | €1,489 | €1,858 | +€369 | +24.8% |
| Gross operating margin | 9900 | €240,855 | €214,845 | -€26,010 | -10.8% |
| Operating profit (loss) | 9901 | €2,669 | €15,718 | +€13,049 | +488.9% |
| Financial income | 75/76B | €1,745 | €20 | -€1,725 | -98.8% |
| Recurring financial income | 75 | €1,745 | €20 | -€1,725 | -98.8% |
| Financial charges | 65/66B | €10,820 | €10,587 | -€233 | -2.2% |
| Recurring financial charges | 65 | €10,820 | €10,587 | -€233 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,405 | €5,152 | +€11,557 | |
| Income taxes | 67/77 | €3,199 | €4,763 | +€1,563 | +48.9% |
| Profit (loss) for the period | 9904 | -€9,605 | €389 | +€9,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,605 | €389 | +€9,994 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.