ALCARA: 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.
ALCARA
Largest movements
- Current investments +€50,184
up €50,184 (+17.9%), from €280,176 to €330,360
- Tangible fixed assets -€40,370
down €40,370 (-6.0%), from €675,727 to €635,357
of which Furniture and vehicles: -€22,616
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€63,722
up €63,722, from -€12,097 to €51,625
- Taxes -€2,826
down €2,826, from €2,000 to -€826
- Financial income -€2,755
down €2,755 (-41.0%), from €6,717 to €3,962
- Other operating charges -€1,632
down €1,632 (-15.6%), from €10,495 to €8,863
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 | €1,845,647 | €1,852,724 | +€7,077 | +0.4% |
| Fixed assets | 21/28 | €675,727 | €635,357 | -€40,370 | -6.0% |
| Tangible fixed assets | 22/27 | €675,727 | €635,357 | -€40,370 | -6.0% |
| Land and buildings | 22 | €612,411 | €597,653 | -€14,758 | -2.4% |
| Plant, machinery and equipment | 23 | €6,587 | €3,590 | -€2,997 | -45.5% |
| Furniture and vehicles | 24 | €56,729 | €34,113 | -€22,616 | -39.9% |
| Current assets | 29/58 | €1,169,920 | €1,217,367 | +€47,447 | +4.1% |
| Amounts receivable within one year | 40/41 | €876,849 | €865,164 | -€11,685 | -1.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €876,849 | €865,164 | -€11,685 | -1.3% |
| Current investments | 50/53 | €280,176 | €330,360 | +€50,184 | +17.9% |
| Cash at bank and in hand | 54/58 | €12,895 | €21,844 | +€8,948 | +69.4% |
| Total equity and liabilities | 10/49 | €1,845,647 | €1,852,724 | +€7,077 | +0.4% |
| Equity | 10/15 | €451,950 | €460,461 | +€8,511 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €515,300 | €509,482 | -€5,818 | -1.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,545 | €168,727 | -€5,818 | -3.3% |
| Distributable reserves | 133 | €334,555 | €334,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,351 | -€111,021 | +€14,329 | +11.4% |
| Provisions and deferred taxes | 16 | €54,636 | €53,182 | -€1,455 | -2.7% |
| Provisions for liabilities and charges | 160/5 | €11,000 | €11,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €11,000 | €11,000 | = | 0.0% |
| Deferred taxes | 168 | €43,636 | €42,182 | -€1,455 | -3.3% |
| Amounts payable | 17/49 | €1,339,061 | €1,339,082 | +€21 | 0.0% |
| Amounts payable within one year | 42/48 | €1,339,061 | €1,339,082 | +€21 | 0.0% |
| Trade debts | 44 | €1,669 | €1,316 | -€353 | -21.1% |
| Suppliers | 440/4 | €1,669 | €1,316 | -€353 | -21.1% |
| Other amounts payable | 47/48 | €1,337,392 | €1,337,765 | +€373 | 0.0% |
| Non-recurring operating income | 76A | - | €50,377 | +€50,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,810 | €40,370 | -€440 | -1.1% |
| Other operating charges | 640/8 | €10,495 | €8,863 | -€1,632 | -15.6% |
| Gross operating margin | 9900 | -€12,097 | €51,625 | +€63,722 | |
| Operating profit (loss) | 9901 | -€63,403 | €2,391 | +€65,794 | |
| Financial income | 75/76B | €6,717 | €3,962 | -€2,755 | -41.0% |
| Recurring financial income | 75 | €6,717 | €3,962 | -€2,755 | -41.0% |
| Financial charges | 65/66B | €66 | €124 | +€58 | +87.7% |
| Recurring financial charges | 65 | €66 | €124 | +€58 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | -€56,752 | €6,230 | +€62,982 | |
| Transfer from deferred taxes | 780 | €1,455 | €1,455 | = | 0.0% |
| Income taxes | 67/77 | €2,000 | -€826 | -€2,826 | |
| Profit (loss) for the period | 9904 | -€57,297 | €8,511 | +€65,808 | |
| Transfer from tax-exempt reserves | 789 | €5,818 | €5,818 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,479 | €14,329 | +€65,808 |
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 4 October 2026 via checked.be.