ALSCO: 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.
ALSCO
Largest movements
- Tangible fixed assets -€119,108
down €119,108 (-12.3%), from €970,882 to €851,774
- Financial fixed assets -€49,959
down €49,959 (-90.4%), from €55,294 to €5,335
- Receivables within one year +€34,416
up €34,416 (+18.2%), from €188,640 to €223,056
of which Other amounts receivable: +€45,938
- Cash +€21,799
up €21,799 (+5.3%), from €413,805 to €435,604
mainly Depreciation (+€142,751) and Net result for the year (+€122,472)
- Reserves +€122,472
up €122,472 (+18.0%), from €680,758 to €803,231
- Debts after one year -€86,165
down €86,165 (-16.7%), from €514,552 to €428,386
- Trade debts -€73,572
down €73,572 (-83.7%), from €87,873 to €14,301
- Other debts -€50,444
down €50,444 (-93.8%), from €53,754 to €3,310
- Current portion of long-term debt -€39,000
down €39,000 (-27.4%), from €142,356 to €103,356
- Gross operating margin +€60,131
up €60,131 (+15.0%), from €399,630 to €459,762
- Financial charges +€50,118
up €50,118 (+282%), from €17,802 to €67,919
of which Non-recurring financial charges: +€49,959
- Depreciation -€9,573
down €9,573 (-6.3%), from €152,323 to €142,751
- Other operating charges +€7,225
up €7,225 (+49.1%), from €14,706 to €21,931
- Taxes +€6,208
up €6,208 (+12.0%), from €51,666 to €57,874
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.
Derived cash bridge
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 | €1,636,300 | €1,521,480 | -€114,820 | -7.0% |
| Fixed assets | 21/28 | €1,026,176 | €857,109 | -€169,067 | -16.5% |
| Tangible fixed assets | 22/27 | €970,882 | €851,774 | -€119,108 | -12.3% |
| Land and buildings | 22 | €829,633 | €776,791 | -€52,841 | -6.4% |
| Plant, machinery and equipment | 23 | €53,891 | €5,971 | -€47,920 | -88.9% |
| Furniture and vehicles | 24 | €14,188 | €44,149 | +€29,960 | +211% |
| Other tangible fixed assets | 26 | €73,170 | €24,863 | -€48,307 | -66.0% |
| Financial fixed assets | 28 | €55,294 | €5,335 | -€49,959 | -90.4% |
| Current assets | 29/58 | €610,124 | €664,371 | +€54,247 | +8.9% |
| Amounts receivable within one year | 40/41 | €188,640 | €223,056 | +€34,416 | +18.2% |
| Trade receivables | 40 | €121,826 | €110,304 | -€11,522 | -9.5% |
| Other amounts receivable | 41 | €66,814 | €112,752 | +€45,938 | +68.8% |
| Cash at bank and in hand | 54/58 | €413,805 | €435,604 | +€21,799 | +5.3% |
| Deferred charges and accrued income | 490/1 | €7,679 | €5,711 | -€1,969 | -25.6% |
| Total equity and liabilities | 10/49 | €1,636,300 | €1,521,480 | -€114,820 | -7.0% |
| Equity | 10/15 | €763,958 | €886,431 | +€122,472 | +16.0% |
| Contributions | 10/11 | €83,200 | €83,200 | = | 0.0% |
| Reserves | 13 | €680,758 | €803,231 | +€122,472 | +18.0% |
| Distributable reserves | 133 | €680,758 | €803,231 | +€122,472 | +18.0% |
| Amounts payable | 17/49 | €872,342 | €635,049 | -€237,293 | -27.2% |
| Amounts payable after more than one year | 17 | €514,552 | €428,386 | -€86,165 | -16.7% |
| Financial debts | 170/4 | €514,552 | €428,386 | -€86,165 | -16.7% |
| Amounts payable within one year | 42/48 | €304,513 | €153,196 | -€151,318 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €142,356 | €103,356 | -€39,000 | -27.4% |
| Trade debts | 44 | €87,873 | €14,301 | -€73,572 | -83.7% |
| Suppliers | 440/4 | €87,873 | €14,301 | -€73,572 | -83.7% |
| Taxes, remuneration and social security | 45 | €20,531 | €32,229 | +€11,699 | +57.0% |
| Taxes | 450/3 | €17,262 | €29,222 | +€11,960 | +69.3% |
| Remuneration and social security | 454/9 | €3,269 | €3,007 | -€261 | -8.0% |
| Other amounts payable | 47/48 | €53,754 | €3,310 | -€50,444 | -93.8% |
| Accrued charges and deferred income | 492/3 | €53,277 | €53,467 | +€190 | +0.4% |
| Remuneration, social security and pensions | 62 | €48,112 | €50,059 | +€1,946 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,323 | €142,751 | -€9,573 | -6.3% |
| Other operating charges | 640/8 | €14,706 | €21,931 | +€7,225 | +49.1% |
| Gross operating margin | 9900 | €399,630 | €459,762 | +€60,131 | +15.0% |
| Operating profit (loss) | 9901 | €184,489 | €245,022 | +€60,533 | +32.8% |
| Financial income | 75/76B | €2,629 | €3,244 | +€615 | +23.4% |
| Recurring financial income | 75 | €2,629 | €3,244 | +€615 | +23.4% |
| Financial charges | 65/66B | €17,802 | €67,919 | +€50,118 | +282% |
| Recurring financial charges | 65 | €17,802 | €17,960 | +€159 | +0.9% |
| Non-recurring financial charges | 66B | - | €49,959 | +€49,959 | |
| Profit (loss) for the period before taxes | 9903 | €169,315 | €180,346 | +€11,031 | +6.5% |
| Income taxes | 67/77 | €51,666 | €57,874 | +€6,208 | +12.0% |
| Profit (loss) for the period | 9904 | €117,650 | €122,472 | +€4,822 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,650 | €122,472 | +€4,822 | +4.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.