ALACASA: 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.
ALACASA
Largest movements
- Tangible fixed assets +€218,710
up €218,710 (+38.9%), from €562,453 to €781,163
of which Land and buildings: +€194,130
- Receivables within one year +€146,607
up €146,607 (+2559.0%), from €5,729 to €152,336
of which Other amounts receivable: +€147,918
- Cash -€115,461
down €115,461 (-97.0%), from €118,987 to €3,526
mainly Investment in fixed assets (net) (-€249,823) and Receivables within one year (-€146,607)
- Debts after one year +€170,955
up €170,955 (+49.0%), from €349,165 to €520,119
- Other debts +€97,864
up €97,864 (+33.3%), from €294,308 to €392,172
- Trade debts -€19,171
down €19,171 (-79.1%), from €24,242 to €5,070
- Gross operating margin -€52,785
down €52,785 (-49.8%), from €106,051 to €53,266
- Purchases and services -€33,537
no longer reported in 2025 (was €33,537)
- Depreciation +€9,830
up €9,830 (+46.2%), from €21,283 to €31,113
- Financial income -€7,500
down €7,500 (-89.0%), from €8,426 to €926
- Other operating charges -€3,414
down €3,414 (-23.6%), from €14,460 to €11,046
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 | €695,380 | €946,526 | +€251,146 | +36.1% |
| Fixed assets | 21/28 | €562,453 | €781,163 | +€218,710 | +38.9% |
| Tangible fixed assets | 22/27 | €562,453 | €781,163 | +€218,710 | +38.9% |
| Land and buildings | 22 | €556,643 | €750,773 | +€194,130 | +34.9% |
| Plant, machinery and equipment | 23 | €1,866 | €1,451 | -€414 | -22.2% |
| Furniture and vehicles | 24 | €3,945 | €6,331 | +€2,386 | +60.5% |
| Other tangible fixed assets | 26 | - | €22,608 | +€22,608 | |
| Current assets | 29/58 | €132,927 | €165,363 | +€32,436 | +24.4% |
| Stocks and contracts in progress | 3 | €8,212 | €8,762 | +€550 | +6.7% |
| Stocks | 30/36 | €8,212 | €8,762 | +€550 | +6.7% |
| Amounts receivable within one year | 40/41 | €5,729 | €152,336 | +€146,607 | +2559.0% |
| Trade receivables | 40 | €5,653 | €4,343 | -€1,310 | -23.2% |
| Other amounts receivable | 41 | €76 | €147,993 | +€147,918 | +195296.6% |
| Cash at bank and in hand | 54/58 | €118,987 | €3,526 | -€115,461 | -97.0% |
| Deferred charges and accrued income | 490/1 | - | €739 | +€739 | |
| Total equity and liabilities | 10/49 | €695,380 | €946,526 | +€251,146 | +36.1% |
| Equity | 10/15 | €11,334 | €4,208 | -€7,127 | -62.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,334 | €208 | -€7,127 | -97.2% |
| Amounts payable | 17/49 | €684,046 | €942,318 | +€258,272 | +37.8% |
| Amounts payable after more than one year | 17 | €349,165 | €520,119 | +€170,955 | +49.0% |
| Financial debts | 170/4 | €349,165 | €520,119 | +€170,955 | +49.0% |
| Amounts payable within one year | 42/48 | €334,881 | €422,199 | +€87,318 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €16,158 | €23,542 | +€7,385 | +45.7% |
| Trade debts | 44 | €24,242 | €5,070 | -€19,171 | -79.1% |
| Suppliers | 440/4 | €24,242 | €5,070 | -€19,171 | -79.1% |
| Taxes, remuneration and social security | 45 | €174 | €1,415 | +€1,241 | +713.2% |
| Taxes | 450/3 | €174 | €1,415 | +€1,241 | +713.2% |
| Other amounts payable | 47/48 | €294,308 | €392,172 | +€97,864 | +33.3% |
| Non-recurring operating income | 76A | - | €18 | +€18 | |
| Goods, raw materials, services and sundry goods | 60/61 | €33,537 | - | -€33,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,283 | €31,113 | +€9,830 | +46.2% |
| Other operating charges | 640/8 | €14,460 | €11,046 | -€3,414 | -23.6% |
| Gross operating margin | 9900 | €106,051 | €53,266 | -€52,785 | -49.8% |
| Operating profit (loss) | 9901 | €70,309 | €11,108 | -€59,201 | -84.2% |
| Financial income | 75/76B | €8,426 | €926 | -€7,500 | -89.0% |
| Recurring financial income | 75 | €8,426 | €926 | -€7,500 | -89.0% |
| Financial charges | 65/66B | €16,919 | €19,161 | +€2,242 | +13.3% |
| Recurring financial charges | 65 | €16,919 | €19,161 | +€2,242 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €61,816 | -€7,127 | -€68,943 | |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | €61,642 | -€7,127 | -€68,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,642 | -€7,127 | -€68,769 |
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 6 October 2026 via checked.be.