Alcamara: what changed
Two fiscal 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.
Alcamara
Largest movements
- Tangible fixed assets -€16,949
down €16,949 (-4.5%), from €377,637 to €360,688
of which Land and buildings: -€14,468
- Debts after one year -€21,705
down €21,705 (-16.4%), from €132,000 to €110,295
- Accrued charges and deferred income +€3,848
up €3,848 (+24.3%), from €15,851 to €19,699
- Gross operating margin -€2,898
down €2,898 (-9.0%), from €32,079 to €29,181
- Financial charges -€626
down €626 (-13.8%), from €4,534 to €3,908
- Taxes -€531
down €531 (-37.3%), from €1,423 to €892
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 | €384,176 | €370,177 | -€13,998 | -3.6% |
| Fixed assets | 21/28 | €377,637 | €360,688 | -€16,949 | -4.5% |
| Tangible fixed assets | 22/27 | €377,637 | €360,688 | -€16,949 | -4.5% |
| Land and buildings | 22 | €329,276 | €314,809 | -€14,468 | -4.4% |
| Plant, machinery and equipment | 23 | €48,361 | €45,880 | -€2,481 | -5.1% |
| Current assets | 29/58 | €6,539 | €9,489 | +€2,950 | +45.1% |
| Amounts receivable within one year | 40/41 | €977 | €3,085 | +€2,108 | +215.7% |
| Other amounts receivable | 41 | €977 | €3,085 | +€2,108 | +215.7% |
| Cash at bank and in hand | 54/58 | €5,562 | €5,813 | +€251 | +4.5% |
| Deferred charges and accrued income | 490/1 | - | €592 | +€592 | |
| Total equity and liabilities | 10/49 | €384,176 | €370,177 | -€13,998 | -3.6% |
| Equity | 10/15 | €236,282 | €238,958 | +€2,676 | +1.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,309 | €176,985 | +€2,676 | +1.5% |
| Amounts payable | 17/49 | €147,894 | €131,219 | -€16,675 | -11.3% |
| Amounts payable after more than one year | 17 | €132,000 | €110,295 | -€21,705 | -16.4% |
| Financial debts | 170/4 | €132,000 | €110,295 | -€21,705 | -16.4% |
| Amounts payable within one year | 42/48 | €43 | €1,225 | +€1,182 | +2756.2% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Other amounts payable | 47/48 | €43 | €1,195 | +€1,152 | +2686.2% |
| Accrued charges and deferred income | 492/3 | €15,851 | €19,699 | +€3,848 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,949 | €16,949 | = | 0.0% |
| Other operating charges | 640/8 | €4,742 | €4,756 | +€13 | +0.3% |
| Gross operating margin | 9900 | €32,079 | €29,181 | -€2,898 | -9.0% |
| Operating profit (loss) | 9901 | €10,388 | €7,477 | -€2,912 | -28.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,534 | €3,908 | -€626 | -13.8% |
| Recurring financial charges | 65 | €4,534 | €3,908 | -€626 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €5,854 | €3,568 | -€2,286 | -39.0% |
| Income taxes | 67/77 | €1,423 | €892 | -€531 | -37.3% |
| Profit (loss) for the period | 9904 | €4,431 | €2,676 | -€1,755 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,431 | €2,676 | -€1,755 | -39.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.