ALCANTARA: 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.
ALCANTARA
Largest movements
- Receivables within one year +€129,621
up €129,621 (+48.7%), from €265,915 to €395,536
of which Other amounts receivable: +€98,484
- Cash -€60,248
down €60,248 (-12.2%), from €492,621 to €432,373
mainly Receivables within one year (-€129,621) and Investment in fixed assets (net) (-€109,657)
- Tangible fixed assets -€17,980
down €17,980 (-2.9%), from €630,860 to €612,880
of which Plant, machinery and equipment: -€41,765
- Debts after one year -€98,409
down €98,409 (-33.6%), from €293,026 to €194,617
- Trade debts +€75,933
up €75,933 (+305.2%), from €24,880 to €100,813
- Profit (loss) carried forward +€73,799
up €73,799 (+9.7%), from €759,585 to €833,384
- Gross operating margin -€149,664
down €149,664 (-19.6%), from €762,890 to €613,226
- Staff costs +€114,693
up €114,693 (+47.2%), from €242,827 to €357,521
- Taxes -€72,707
down €72,707 (-75.5%), from €96,298 to €23,592
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 | €1,457,406 | €1,509,197 | +€51,792 | +3.6% |
| Fixed assets | 21/28 | €630,915 | €612,935 | -€17,980 | -2.8% |
| Tangible fixed assets | 22/27 | €630,860 | €612,880 | -€17,980 | -2.9% |
| Land and buildings | 22 | €351,310 | €357,890 | +€6,580 | +1.9% |
| Plant, machinery and equipment | 23 | €245,857 | €204,092 | -€41,765 | -17.0% |
| Furniture and vehicles | 24 | €33,694 | €50,898 | +€17,204 | +51.1% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €826,490 | €896,262 | +€69,772 | +8.4% |
| Amounts receivable after more than one year | 29 | €59,193 | €55,561 | -€3,633 | -6.1% |
| Other amounts receivable | 291 | €59,193 | €55,561 | -€3,633 | -6.1% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €265,915 | €395,536 | +€129,621 | +48.7% |
| Trade receivables | 40 | €29,831 | €60,968 | +€31,137 | +104.4% |
| Other amounts receivable | 41 | €236,084 | €334,568 | +€98,484 | +41.7% |
| Cash at bank and in hand | 54/58 | €492,621 | €432,373 | -€60,248 | -12.2% |
| Deferred charges and accrued income | 490/1 | €4,761 | €8,793 | +€4,031 | +84.7% |
| Total equity and liabilities | 10/49 | €1,457,406 | €1,509,197 | +€51,792 | +3.6% |
| Equity | 10/15 | €942,474 | €1,016,273 | +€73,799 | +7.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | - | -€62,500 | |
| Issued capital | 100 | €62,500 | - | -€62,500 | |
| Reserves | 13 | €120,389 | €120,389 | = | 0.0% |
| Non-distributable reserves | 130/1 | €71,889 | €71,889 | = | 0.0% |
| Reserves not available under the articles | 1311 | €71,889 | €71,889 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,500 | €48,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €759,585 | €833,384 | +€73,799 | +9.7% |
| Provisions and deferred taxes | 16 | €21,200 | €21,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,200 | €21,200 | = | 0.0% |
| Other liabilities and charges | 164/5 | €21,200 | €21,200 | = | 0.0% |
| Amounts payable | 17/49 | €493,731 | €471,724 | -€22,007 | -4.5% |
| Amounts payable after more than one year | 17 | €293,026 | €194,617 | -€98,409 | -33.6% |
| Financial debts | 170/4 | €293,026 | €194,617 | -€98,409 | -33.6% |
| Amounts payable within one year | 42/48 | €200,706 | €277,107 | +€76,402 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €99,467 | €98,409 | -€1,058 | -1.1% |
| Trade debts | 44 | €24,880 | €100,813 | +€75,933 | +305.2% |
| Suppliers | 440/4 | €24,880 | €100,813 | +€75,933 | +305.2% |
| Advances received on contracts in progress | 46 | - | €2,836 | +€2,836 | |
| Taxes, remuneration and social security | 45 | €76,359 | €75,049 | -€1,310 | -1.7% |
| Taxes | 450/3 | €62,269 | €60,801 | -€1,468 | -2.4% |
| Remuneration and social security | 454/9 | €14,090 | €14,248 | +€159 | +1.1% |
| Remuneration, social security and pensions | 62 | €242,827 | €357,521 | +€114,693 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,356 | €127,637 | +€4,280 | +3.5% |
| Other operating charges | 640/8 | €14,433 | €14,753 | +€320 | +2.2% |
| Non-recurring operating charges | 66A | €2,546 | €400 | -€2,146 | -84.3% |
| Gross operating margin | 9900 | €762,890 | €613,226 | -€149,664 | -19.6% |
| Operating profit (loss) | 9901 | €379,727 | €112,915 | -€266,812 | -70.3% |
| Financial income | 75/76B | €1,869 | €1,975 | +€107 | +5.7% |
| Recurring financial income | 75 | €1,869 | €1,975 | +€107 | +5.7% |
| Financial charges | 65/66B | €18,115 | €17,500 | -€615 | -3.4% |
| Recurring financial charges | 65 | €18,115 | €17,500 | -€615 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €363,481 | €97,391 | -€266,090 | -73.2% |
| Income taxes | 67/77 | €96,298 | €23,592 | -€72,707 | -75.5% |
| Profit (loss) for the period | 9904 | €267,183 | €73,799 | -€193,384 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €267,183 | €73,799 | -€193,384 | -72.4% |
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 7 October 2026 via checked.be.