ALASCO: 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.
ALASCO
Largest movements
- Receivables within one year +€40,527
up €40,527 (+215%), from €18,824 to €59,351
of which Other amounts receivable: +€28,582
- Cash +€32,626
up €32,626 (+63.0%), from €51,749 to €84,375
mainly Net result for the year (+€64,530) and Receivables after one year (+€25,000)
- Receivables after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
of which Other amounts receivable: -€25,000
- Current investments -€10,945
down €10,945 (-5.5%), from €200,000 to €189,055
- Reserves +€54,625
up €54,625 (+118%), from €46,335 to €100,960
of which Distributable reserves: +€54,625
- Other debts -€26,970
down €26,970 (-73.1%), from €36,875 to €9,905
- Tax, wage and social debts +€8,275
new in 2025: €8,275
- Trade debts -€7,079
down €7,079 (-78.9%), from €8,969 to €1,889
- Current portion of long-term debt +€5,000
new in 2025: €5,000
- Gross operating margin +€135,851
up €135,851, from -€50,314 to €85,537
- Taxes -€14,602
down €14,602 (-98.3%), from €14,851 to €249
- Financial charges +€11,445
up €11,445 (+5,606%), from €204 to €11,649
- Other operating charges +€11,387
up €11,387 (+2,940%), from €387 to €11,775
- Financial income +€2,877
up €2,877 (+1,020%), from €282 to €3,159
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 | €299,425 | €333,275 | +€33,851 | +11.3% |
| Fixed assets | 21/28 | €1,299 | €493 | -€806 | -62.0% |
| Tangible fixed assets | 22/27 | €1,299 | €493 | -€806 | -62.0% |
| Furniture and vehicles | 24 | €1,299 | €493 | -€806 | -62.0% |
| Current assets | 29/58 | €298,126 | €332,782 | +€34,656 | +11.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100% |
| Trade receivables | 290 | - | €0 | = | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €18,824 | €59,351 | +€40,527 | +215% |
| Trade receivables | 40 | €4,999 | €16,944 | +€11,945 | +239% |
| Other amounts receivable | 41 | €13,824 | €42,407 | +€28,582 | +207% |
| Current investments | 50/53 | €200,000 | €189,055 | -€10,945 | -5.5% |
| Cash at bank and in hand | 54/58 | €51,749 | €84,375 | +€32,626 | +63.0% |
| Deferred charges and accrued income | 490/1 | €2,553 | €0 | -€2,553 | -100% |
| Total equity and liabilities | 10/49 | €299,425 | €333,275 | +€33,851 | +11.3% |
| Equity | 10/15 | €253,581 | €308,206 | +€54,625 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,335 | €100,960 | +€54,625 | +118% |
| 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 | €44,475 | €99,100 | +€54,625 | +123% |
| Profit (loss) carried forward | 14 | €188,646 | €188,646 | = | 0.0% |
| Amounts payable | 17/49 | €45,844 | €25,069 | -€20,775 | -45.3% |
| Amounts payable within one year | 42/48 | €45,844 | €25,069 | -€20,775 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €8,969 | €1,889 | -€7,079 | -78.9% |
| Suppliers | 440/4 | €8,969 | €1,889 | -€7,079 | -78.9% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €8,275 | +€8,275 | |
| Taxes | 450/3 | - | €8,275 | +€8,275 | |
| Other amounts payable | 47/48 | €36,875 | €9,905 | -€26,970 | -73.1% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €493 | -€312 | -38.8% |
| Other operating charges | 640/8 | €387 | €11,775 | +€11,387 | +2,940% |
| Gross operating margin | 9900 | -€50,314 | €85,537 | +€135,851 | |
| Operating profit (loss) | 9901 | -€51,507 | €73,269 | +€124,776 | |
| Financial income | 75/76B | €282 | €3,159 | +€2,877 | +1,020% |
| Recurring financial income | 75 | €282 | €3,159 | +€2,877 | +1,020% |
| Financial charges | 65/66B | €204 | €11,649 | +€11,445 | +5,606% |
| Recurring financial charges | 65 | €204 | €11,649 | +€11,445 | +5,606% |
| Profit (loss) for the period before taxes | 9903 | -€51,429 | €64,779 | +€116,208 | |
| Income taxes | 67/77 | €14,851 | €249 | -€14,602 | -98.3% |
| Profit (loss) for the period | 9904 | -€66,280 | €64,530 | +€130,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,280 | €64,530 | +€130,810 |
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 18 October 2026 via checked.be.