ALCAMAGRI: 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.
ALCAMAGRI
Largest movements
- Tangible fixed assets +€604,302
up €604,302 (+80.8%), from €747,885 to €1.4m
of which Land and buildings: +€353,958
- Cash -€57,866
down €57,866 (-25.7%), from €225,315 to €167,449
mainly Investment in fixed assets (net) (-€710,207) and Trade debts (-€342,449)
- Receivables within one year -€54,366
down €54,366 (-61.6%), from €88,291 to €33,925
of which Other amounts receivable: -€66,630
- Stocks and contracts -€22,751
down €22,751 (-41.6%), from €54,751 to €32,000
- Debts after one year +€629,665
up €629,665 (+127%), from €494,163 to €1.1m
- Trade debts -€342,449
no longer reported in 2025 (was €342,449)
- Other debts +€184,678
up €184,678 (+6,031%), from €3,062 to €187,740
- Depreciation +€89,868
up €89,868 (+560%), from €16,037 to €105,905
- Gross operating margin +€86,893
up €86,893 (+183%), from €47,358 to €134,251
- Purchases and services +€60,477
up €60,477 (+36.6%), from €165,450 to €225,927
- Financial charges +€18,773
up €18,773 (+93.5%), from €20,087 to €38,860
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 | €1,125,994 | €1,585,561 | +€459,567 | +40.8% |
| Fixed assets | 21/28 | €747,885 | €1,352,187 | +€604,302 | +80.8% |
| Tangible fixed assets | 22/27 | €747,885 | €1,352,187 | +€604,302 | +80.8% |
| Land and buildings | 22 | €361,250 | €715,208 | +€353,958 | +98.0% |
| Plant, machinery and equipment | 23 | €361,842 | €584,099 | +€222,257 | +61.4% |
| Furniture and vehicles | 24 | €24,793 | €52,880 | +€28,087 | +113% |
| Current assets | 29/58 | €378,109 | €233,374 | -€144,735 | -38.3% |
| Stocks and contracts in progress | 3 | €54,751 | €32,000 | -€22,751 | -41.6% |
| Stocks | 30/36 | €54,751 | €32,000 | -€22,751 | -41.6% |
| Amounts receivable within one year | 40/41 | €88,291 | €33,925 | -€54,366 | -61.6% |
| Trade receivables | 40 | €11,992 | €24,256 | +€12,264 | +102% |
| Other amounts receivable | 41 | €76,299 | €9,669 | -€66,630 | -87.3% |
| Cash at bank and in hand | 54/58 | €225,315 | €167,449 | -€57,866 | -25.7% |
| Deferred charges and accrued income | 490/1 | €9,752 | - | -€9,752 | |
| Total equity and liabilities | 10/49 | €1,125,994 | €1,585,561 | +€459,567 | +40.8% |
| Equity | 10/15 | €286,320 | €273,993 | -€12,327 | -4.3% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,320 | €23,993 | -€12,327 | -33.9% |
| Amounts payable | 17/49 | €839,674 | €1,311,568 | +€471,894 | +56.2% |
| Amounts payable after more than one year | 17 | €494,163 | €1,123,828 | +€629,665 | +127% |
| Financial debts | 170/4 | €494,163 | €1,123,828 | +€629,665 | +127% |
| Amounts payable within one year | 42/48 | €345,511 | €187,740 | -€157,771 | -45.7% |
| Trade debts | 44 | €342,449 | - | -€342,449 | |
| Suppliers | 440/4 | €342,449 | - | -€342,449 | |
| Other amounts payable | 47/48 | €3,062 | €187,740 | +€184,678 | +6,031% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,450 | €225,927 | +€60,477 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,037 | €105,905 | +€89,868 | +560% |
| Other operating charges | 640/8 | €1,000 | €787 | -€213 | -21.3% |
| Gross operating margin | 9900 | €47,358 | €134,251 | +€86,893 | +183% |
| Operating profit (loss) | 9901 | €30,321 | €27,559 | -€2,762 | -9.1% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €20,087 | €38,860 | +€18,773 | +93.5% |
| Recurring financial charges | 65 | €20,087 | €38,860 | +€18,773 | +93.5% |
| Profit (loss) for the period before taxes | 9903 | €10,234 | -€11,238 | -€21,472 | |
| Income taxes | 67/77 | €21 | - | -€21 | |
| Profit (loss) for the period | 9904 | €10,213 | -€11,238 | -€21,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,213 | -€11,238 | -€21,451 |
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 21 October 2026 via checked.be.