ALCA: 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.
ALCA
Largest movements
- Tangible fixed assets +€1,256
up €1,256 (+1.3%), from €94,306 to €95,562
of which Plant, machinery and equipment: +€1,256
- Other debts +€8,460
up €8,460 (+25.1%), from €33,760 to €42,220
- Reserves -€6,899
down €6,899 (-16.3%), from €42,412 to €35,513
- Gross operating margin -€1,451
down €1,451 (-87.4%), from -€1,661 to -€3,113
- Depreciation +€136
new in 2026: €136
- Other operating charges +€57
up €57 (+1.7%), from €3,413 to €3,470
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,772 | €96,334 | +€1,562 | +1.6% |
| Fixed assets | 21/28 | €94,380 | €95,636 | +€1,256 | +1.3% |
| Tangible fixed assets | 22/27 | €94,306 | €95,562 | +€1,256 | +1.3% |
| Land and buildings | 22 | €94,306 | €94,306 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,256 | +€1,256 | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €392 | €698 | +€306 | +78.1% |
| Cash at bank and in hand | 54/58 | €392 | €698 | +€306 | +78.1% |
| Total equity and liabilities | 10/49 | €94,772 | €96,334 | +€1,562 | +1.6% |
| Equity | 10/15 | €61,012 | €54,113 | -€6,899 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,412 | €35,513 | -€6,899 | -16.3% |
| Distributable reserves | 133 | €42,412 | €35,513 | -€6,899 | -16.3% |
| Amounts payable | 17/49 | €33,760 | €42,220 | +€8,460 | +25.1% |
| Amounts payable within one year | 42/48 | €33,760 | €42,220 | +€8,460 | +25.1% |
| Other amounts payable | 47/48 | €33,760 | €42,220 | +€8,460 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €136 | +€136 | |
| Other operating charges | 640/8 | €3,413 | €3,470 | +€57 | +1.7% |
| Gross operating margin | 9900 | -€1,661 | -€3,113 | -€1,451 | -87.4% |
| Operating profit (loss) | 9901 | -€5,074 | -€6,719 | -€1,644 | -32.4% |
| Financial charges | 65/66B | €158 | €180 | +€23 | +14.3% |
| Recurring financial charges | 65 | €158 | €180 | +€23 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,232 | -€6,899 | -€1,667 | -31.9% |
| Profit (loss) for the period | 9904 | -€5,232 | -€6,899 | -€1,667 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,232 | -€6,899 | -€1,667 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.