ALCALO: 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.
ALCALO
Largest movements
- Cash +€115,047
up €115,047 (+194%), from €59,375 to €174,421
mainly Other debts (+€281,439) and Investment in fixed assets (net) (+€102,896)
- Financial fixed assets -€106,357
no longer reported in 2025 (was €106,357)
- Tangible fixed assets -€43,983
down €43,983 (-29.2%), from €150,394 to €106,411
of which Furniture and vehicles: -€37,326
- Receivables within one year -€10,165
down €10,165 (-15.6%), from €65,145 to €54,981
of which Trade receivables: -€10,416
- Other debts +€281,439
up €281,439 (+1,584%), from €17,772 to €299,211
- Reserves -€257,167
down €257,167 (-97.2%), from €264,452 to €7,284
- Trade debts -€46,450
down €46,450 (-83.3%), from €55,756 to €9,306
- Tax, wage and social debts -€23,560
down €23,560 (-60.1%), from €39,204 to €15,644
of which Taxes: -€22,673
- Financial charges +€106,155
up €106,155 (+6,288%), from €1,688 to €107,843
- Gross operating margin -€53,833
down €53,833 (-20.9%), from €257,568 to €203,736
- Taxes -€22,071
down €22,071 (-42.1%), from €52,431 to €30,360
- Staff costs -€20,438
down €20,438, from €19,551 to -€887
- Depreciation +€6,955
up €6,955 (+17.2%), from €40,488 to €47,443
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 | €381,284 | €337,032 | -€44,252 | -11.6% |
| Fixed assets | 21/28 | €256,751 | €106,411 | -€150,340 | -58.6% |
| Tangible fixed assets | 22/27 | €150,394 | €106,411 | -€43,983 | -29.2% |
| Plant, machinery and equipment | 23 | €9,976 | €3,319 | -€6,657 | -66.7% |
| Furniture and vehicles | 24 | €140,418 | €103,092 | -€37,326 | -26.6% |
| Financial fixed assets | 28 | €106,357 | - | -€106,357 | |
| Current assets | 29/58 | €124,533 | €230,621 | +€106,088 | +85.2% |
| Amounts receivable within one year | 40/41 | €65,145 | €54,981 | -€10,165 | -15.6% |
| Trade receivables | 40 | €65,145 | €54,729 | -€10,416 | -16.0% |
| Other amounts receivable | 41 | - | €251 | +€251 | |
| Cash at bank and in hand | 54/58 | €59,375 | €174,421 | +€115,047 | +194% |
| Deferred charges and accrued income | 490/1 | €13 | €1,219 | +€1,206 | +9,495% |
| Total equity and liabilities | 10/49 | €381,284 | €337,032 | -€44,252 | -11.6% |
| Equity | 10/15 | €266,952 | €9,784 | -€257,167 | -96.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €264,452 | €7,284 | -€257,167 | -97.2% |
| Distributable reserves | 133 | €264,452 | €7,284 | -€257,167 | -97.2% |
| Amounts payable | 17/49 | €114,332 | €327,247 | +€212,916 | +186% |
| Amounts payable within one year | 42/48 | €112,732 | €324,161 | +€211,429 | +188% |
| Trade debts | 44 | €55,756 | €9,306 | -€46,450 | -83.3% |
| Suppliers | 440/4 | €55,756 | €9,306 | -€46,450 | -83.3% |
| Taxes, remuneration and social security | 45 | €39,204 | €15,644 | -€23,560 | -60.1% |
| Taxes | 450/3 | €38,317 | €15,644 | -€22,673 | -59.2% |
| Remuneration and social security | 454/9 | €887 | - | -€887 | |
| Other amounts payable | 47/48 | €17,772 | €299,211 | +€281,439 | +1,584% |
| Accrued charges and deferred income | 492/3 | €1,600 | €3,086 | +€1,486 | +92.9% |
| Remuneration, social security and pensions | 62 | €19,551 | -€887 | -€20,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,488 | €47,443 | +€6,955 | +17.2% |
| Other operating charges | 640/8 | €1,635 | €1,143 | -€492 | -30.1% |
| Gross operating margin | 9900 | €257,568 | €203,736 | -€53,833 | -20.9% |
| Operating profit (loss) | 9901 | €195,894 | €156,036 | -€39,858 | -20.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,688 | €107,843 | +€106,155 | +6,288% |
| Recurring financial charges | 65 | €1,688 | €107,843 | +€106,155 | +6,288% |
| Profit (loss) for the period before taxes | 9903 | €194,206 | €48,193 | -€146,013 | -75.2% |
| Income taxes | 67/77 | €52,431 | €30,360 | -€22,071 | -42.1% |
| Profit (loss) for the period | 9904 | €141,774 | €17,833 | -€123,942 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €141,774 | €17,833 | -€123,942 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.