ALYCHLO: 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.
What changed
ALYCHLO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€32.9m
2024 · €40.2m-€7.3m
Equity
€965.2m
2024 · €932.3m+€32.9m
Cash
€17.4m
2024 · €14.9m+€2.6m
Balance sheet total
€1.20bn
2024 · €1.17bn+€28.2m
Largest movements
Assets
- Financial fixed assets +€21.9m
up €21.9m (+2.1%), from €1.06bn to €1.08bn
of which Other financial fixed assets: +€66.8m
Equity and liabilities
- Reserves +€32.9m
up €32.9m (+5.5%), from €601.5m to €634.4m
of which Distributable reserves: +€32.9m
Income statement
- Financial income -€19.7m
down €19.7m (-22.6%), from €87.1m to €67.3m
of which Financial income: -€14.2m
- Financial charges -€15.8m
down €15.8m (-43.1%), from €36.6m to €20.8m
of which Financial charges: -€17.3m
- Services and other goods +€1.7m
up €1.7m (+13.9%), from €12.5m to €14.3m
- Taxes -€1.2m
down €1.2m (-92.5%), from €1.3m to €96,311
of which Taxes: -€1.8m
- Write-downs -€273,905
down €273,905 (-82.0%), from €333,905 to €60,000
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.
Result 2024
€40.2m
Turnover
+€189,630
Other operating income
+€53,352
Services and other goods
-€1.7m
Staff costs
+€28,908
Depreciation
-€53,814
Write-downs
+€273,905
Other operating charges
-€171,651
Other operating items
-€3.1m
Financial income
-€19.7m
Financial charges
+€15.8m
Taxes
+€1.2m
Result 2025
€32.9m
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.
From operations
+€27.4m
Investment
-€18.8m
Financing
-€6.0m
Cash 2024
€14.9m
From operations (derived)
+€27.4m
Net result for the year
+€32.9m
Depreciation
+€123,293
Receivables after one year
+€17,629
Receivables within one year
-€3.5m
Deferred charges and accrued income
-€3.4m
Trade debts
-€1.8m
Tax, wage and social debts
+€117,336
Advances received
-€340,331
Other debts
+€1.5m
Accrued charges and deferred income
+€1.8m
Investment (derived)
-€18.8m
Investment in fixed assets (net)
-€25.3m
Current investments
+€6.4m
Financing
-€6.0m
Short-term financial debts
-€6.0m
Cash 2025
€17.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,168,564,318 | €1,196,742,913 | +€28.2m | +2.4% |
| Fixed assets | 21/28 | €1,095,286,647 | €1,120,416,651 | +€25.1m | +2.3% |
| Tangible fixed assets | 22/27 | €35,386,401 | €38,617,059 | +€3.2m | +9.1% |
| Land and buildings | 22 | €597,742 | €442,761 | -€154,981 | -25.9% |
| Plant, machinery and equipment | 23 | €17,105 | €26,102 | +€8,997 | +52.6% |
| Furniture and vehicles | 24 | €32,455 | €54,583 | +€22,128 | +68.2% |
| Other tangible fixed assets | 26 | €34,739,100 | €38,093,613 | +€3.4m | +9.7% |
| Financial fixed assets | 28 | €1,059,900,246 | €1,081,799,592 | +€21.9m | +2.1% |
| Affiliated companies | 280/1 | €627,569,062 | €678,892,462 | +€51.3m | +8.2% |
| Participating interests | 280 | €446,762,888 | €492,990,367 | +€46.2m | +10.3% |
| Amounts receivable | 281 | €180,806,174 | €185,902,096 | +€5.1m | +2.8% |
| Companies linked by participating interests | 282/3 | €337,506,357 | €241,307,569 | -€96.2m | -28.5% |
| Participating interests | 282 | €337,506,357 | €241,307,569 | -€96.2m | -28.5% |
| Other financial fixed assets | 284/8 | €94,824,827 | €161,599,561 | +€66.8m | +70.4% |
| Shares | 284 | €94,824,602 | €161,599,336 | +€66.8m | +70.4% |
| Amounts receivable and cash guarantees | 285/8 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €73,277,671 | €76,326,262 | +€3.0m | +4.2% |
| Amounts receivable after more than one year | 29 | €46,515 | €28,886 | -€17,629 | -37.9% |
| Other amounts receivable | 291 | €46,515 | €28,886 | -€17,629 | -37.9% |
| Stocks and contracts in progress | 3 | €58,290 | €58,290 | = | 0.0% |
| Stocks | 30/36 | €58,290 | €58,290 | = | 0.0% |
| Goods purchased for resale | 34 | €58,290 | €58,290 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,611,793 | €11,134,928 | +€3.5m | +46.3% |
| Trade receivables | 40 | €4,142,420 | €2,540,657 | -€1.6m | -38.7% |
| Other amounts receivable | 41 | €3,469,374 | €8,594,271 | +€5.1m | +147.7% |
| Current investments | 50/53 | €45,565,167 | €39,123,406 | -€6.4m | -14.1% |
| Other investments | 51/53 | €45,565,167 | €39,123,406 | -€6.4m | -14.1% |
| Cash at bank and in hand | 54/58 | €14,871,794 | €17,423,494 | +€2.6m | +17.2% |
| Deferred charges and accrued income | 490/1 | €5,124,111 | €8,557,258 | +€3.4m | +67.0% |
| Total equity and liabilities | 10/49 | €1,168,564,318 | €1,196,742,913 | +€28.2m | +2.4% |
| Equity | 10/15 | €932,322,100 | €965,212,581 | +€32.9m | +3.5% |
| Contributions | 10/11 | €330,850,109 | €330,850,109 | = | 0.0% |
| Capital | 10 | €330,850,109 | €330,850,109 | = | 0.0% |
| Issued capital | 100 | €330,850,109 | €330,850,109 | = | 0.0% |
| Reserves | 13 | €601,471,991 | €634,362,472 | +€32.9m | +5.5% |
| Non-distributable reserves | 130/1 | €33,085,011 | €33,085,011 | = | 0.0% |
| Legal reserve | 130 | €33,085,011 | €33,085,011 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,815 | €22,815 | = | 0.0% |
| Distributable reserves | 133 | €568,364,165 | €601,254,647 | +€32.9m | +5.8% |
| Amounts payable | 17/49 | €236,242,218 | €231,530,332 | -€4.7m | -2.0% |
| Amounts payable within one year | 42/48 | €236,131,449 | €229,608,688 | -€6.5m | -2.8% |
| Financial debts | 43 | €223,800,000 | €217,800,000 | -€6.0m | -2.7% |
| Credit institutions | 430/8 | €223,800,000 | €217,800,000 | -€6.0m | -2.7% |
| Trade debts | 44 | €5,001,652 | €3,203,330 | -€1.8m | -36.0% |
| Suppliers | 440/4 | €5,001,652 | €3,203,330 | -€1.8m | -36.0% |
| Advances received on contracts in progress | 46 | €364,159 | €23,828 | -€340,331 | -93.5% |
| Taxes, remuneration and social security | 45 | €112,887 | €230,223 | +€117,336 | +103.9% |
| Taxes | 450/3 | €76,610 | €186,836 | +€110,226 | +143.9% |
| Remuneration and social security | 454/9 | €36,277 | €43,387 | +€7,109 | +19.6% |
| Other amounts payable | 47/48 | €6,852,751 | €8,351,306 | +€1.5m | +21.9% |
| Accrued charges and deferred income | 492/3 | €110,769 | €1,921,644 | +€1.8m | +1634.8% |
| Operating income | 70/76A | €6,027,758 | €2,263,369 | -€3.8m | -62.5% |
| Turnover | 70 | €1,831,450 | €2,021,080 | +€189,630 | +10.4% |
| Other operating income | 74 | €75,137 | €128,490 | +€53,352 | +71.0% |
| Non-recurring operating income | 76A | €4,121,171 | €113,800 | -€4.0m | -97.2% |
| Operating charges | 60/66A | €15,004,918 | €15,787,560 | +€782,642 | +5.2% |
| Purchases | 600/8 | €58,290 | - | -€58,290 | |
| Change in stocks: decrease (increase) | 609 | -€58,290 | - | +€58,290 | |
| Services and other goods | 61 | €12,541,274 | €14,279,830 | +€1.7m | +13.9% |
| Remuneration, social security and pensions | 62 | €503,925 | €475,017 | -€28,908 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,479 | €123,293 | +€53,814 | +77.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €333,905 | €60,000 | -€273,905 | -82.0% |
| Other operating charges | 640/8 | €556,892 | €728,544 | +€171,651 | +30.8% |
| Non-recurring operating charges | 66A | €999,443 | €120,877 | -€878,566 | -87.9% |
| Operating profit (loss) | 9901 | -€8,977,160 | -€13,524,191 | -€4.5m | -50.7% |
| Financial income | 75/76B | €87,057,553 | €67,340,527 | -€19.7m | -22.6% |
| Recurring financial income | 75 | €77,156,581 | €62,952,465 | -€14.2m | -18.4% |
| Income from financial fixed assets | 750 | €60,698,613 | €18,255,026 | -€42.4m | -69.9% |
| Income from current assets | 751 | €1,789,028 | €1,546,455 | -€242,572 | -13.6% |
| Other financial income | 752/9 | €14,668,941 | €43,150,985 | +€28.5m | +194.2% |
| Non-recurring financial income | 76B | €9,900,972 | €4,388,062 | -€5.5m | -55.7% |
| Financial charges | 65/66B | €36,612,795 | €20,829,544 | -€15.8m | -43.1% |
| Recurring financial charges | 65 | €27,536,249 | €10,259,110 | -€17.3m | -62.7% |
| Debt charges | 650 | €8,705,152 | €7,329,550 | -€1.4m | -15.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€51,330,939 | €7,337,890 | +€58.7m | |
| Other financial charges | 652/9 | €70,162,036 | -€4,408,331 | -€74.6m | |
| Non-recurring financial charges | 66B | €9,076,546 | €10,570,434 | +€1.5m | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €41,467,599 | €32,986,792 | -€8.5m | -20.5% |
| Income taxes | 67/77 | €1,279,639 | €96,311 | -€1.2m | -92.5% |
| Taxes | 670/3 | €1,851,222 | €96,311 | -€1.8m | -94.8% |
| Tax adjustments and reversals of tax provisions | 77 | €571,583 | - | -€571,583 | |
| Profit (loss) for the period | 9904 | €40,187,960 | €32,890,481 | -€7.3m | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,187,960 | €32,890,481 | -€7.3m | -18.2% |
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.