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
- Stocks and contracts -€34,420
down €34,420 (-14.0%), from €245,939 to €211,519
- Tangible fixed assets -€6,271
down €6,271 (-36.4%), from €17,245 to €10,974
of which Land and buildings: -€5,931
- Trade debts -€22,453
down €22,453 (-45.3%), from €49,528 to €27,076
- Profit (loss) carried forward -€20,017
down €20,017, from €19,471 to -€545
- Other debts +€16,270
up €16,270 (+13.1%), from €124,026 to €140,296
- Current portion of long-term debt -€10,477
down €10,477 (-92.2%), from €11,360 to €882
- Short-term financial debts -€3,998
down €3,998 (-17.1%), from €23,326 to €19,329
- Gross operating margin -€29,436
down €29,436, from €18,649 to -€10,787
- Taxes -€2,053
down €2,053, from €2,000 to -€53
- Other operating charges +€454
up €454 (+64.3%), from €707 to €1,161
- Financial charges -€254
down €254 (-12.1%), from €2,105 to €1,851
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 | €267,577 | €225,493 | -€42,085 | -15.7% |
| Fixed assets | 21/28 | €20,245 | €13,974 | -€6,271 | -31.0% |
| Tangible fixed assets | 22/27 | €17,245 | €10,974 | -€6,271 | -36.4% |
| Land and buildings | 22 | €16,310 | €10,379 | -€5,931 | -36.4% |
| Plant, machinery and equipment | 23 | €935 | €595 | -€340 | -36.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €247,333 | €211,519 | -€35,814 | -14.5% |
| Stocks and contracts in progress | 3 | €245,939 | €211,519 | -€34,420 | -14.0% |
| Stocks | 30/36 | €245,939 | €211,519 | -€34,420 | -14.0% |
| Cash at bank and in hand | 54/58 | €1,394 | - | -€1,394 | |
| Total equity and liabilities | 10/49 | €267,577 | €225,493 | -€42,085 | -15.7% |
| Equity | 10/15 | €45,588 | €25,571 | -€20,017 | -43.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,566 | €7,566 | = | 0.0% |
| Distributable reserves | 133 | €7,566 | €7,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,471 | -€545 | -€20,017 | |
| Amounts payable | 17/49 | €221,990 | €199,922 | -€22,068 | -9.9% |
| Amounts payable within one year | 42/48 | €221,990 | €199,922 | -€22,068 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €11,360 | €882 | -€10,477 | -92.2% |
| Financial debts | 43 | €23,326 | €19,329 | -€3,998 | -17.1% |
| Credit institutions | 430/8 | €23,326 | €19,329 | -€3,998 | -17.1% |
| Trade debts | 44 | €49,528 | €27,076 | -€22,453 | -45.3% |
| Suppliers | 440/4 | €49,528 | €27,076 | -€22,453 | -45.3% |
| Taxes, remuneration and social security | 45 | €13,750 | €12,340 | -€1,410 | -10.3% |
| Taxes | 450/3 | €13,750 | €12,340 | -€1,410 | -10.3% |
| Other amounts payable | 47/48 | €124,026 | €140,296 | +€16,270 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,271 | €6,271 | = | 0.0% |
| Other operating charges | 640/8 | €707 | €1,161 | +€454 | +64.3% |
| Gross operating margin | 9900 | €18,649 | -€10,787 | -€29,436 | |
| Operating profit (loss) | 9901 | €11,671 | -€18,219 | -€29,890 | |
| Financial charges | 65/66B | €2,105 | €1,851 | -€254 | -12.1% |
| Recurring financial charges | 65 | €2,105 | €1,851 | -€254 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €9,566 | -€20,070 | -€29,636 | |
| Income taxes | 67/77 | €2,000 | -€53 | -€2,053 | |
| Profit (loss) for the period | 9904 | €7,566 | -€20,017 | -€27,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,566 | -€20,017 | -€27,583 |
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 11 October 2026 via checked.be.