ALCIROS: what changed
ALCIROS
Largest movements
- Cash +€29,163
up €29,163 (+37.5%), from €77,744 to €106,908
mainly Net result for the year (+€90,876) and Depreciation (+€8,711)
- Tangible fixed assets -€8,711
down €8,711 (-20.0%), from €43,522 to €34,810
of which Plant, machinery and equipment: -€5,614
- Receivables within one year -€3,841
down €3,841 (-9.7%), from €39,738 to €35,898
of which Trade receivables: -€5,357
- Other debts -€70,355
down €70,355 (-45.0%), from €156,315 to €85,960
- Profit (loss) carried forward +€50,279
up €50,279, from -€50,279 to €0
- Reserves +€40,597
new in 2025: €40,597
- Trade debts -€3,490
down €3,490 (-82.8%), from €4,214 to €724
- Gross operating margin +€56,983
up €56,983 (+71.8%), from €79,399 to €136,382
- Taxes +€31,074
up €31,074 (+7,329%), from €424 to €31,498
- Financial charges +€2,960
up €2,960 (+129%), from €2,288 to €5,248
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,729 | €177,616 | +€15,886 | +9.8% |
| Fixed assets | 21/28 | €43,522 | €34,810 | -€8,711 | -20.0% |
| Tangible fixed assets | 22/27 | €43,522 | €34,810 | -€8,711 | -20.0% |
| Plant, machinery and equipment | 23 | €19,549 | €13,935 | -€5,614 | -28.7% |
| Furniture and vehicles | 24 | €1,129 | €888 | -€241 | -21.4% |
| Other tangible fixed assets | 26 | €22,843 | €19,987 | -€2,856 | -12.5% |
| Current assets | 29/58 | €118,208 | €142,806 | +€24,598 | +20.8% |
| Amounts receivable within one year | 40/41 | €39,738 | €35,898 | -€3,841 | -9.7% |
| Trade receivables | 40 | €39,738 | €34,381 | -€5,357 | -13.5% |
| Other amounts receivable | 41 | €0 | €1,516 | +€1,516 | |
| Cash at bank and in hand | 54/58 | €77,744 | €106,908 | +€29,163 | +37.5% |
| Deferred charges and accrued income | 490/1 | €725 | €0 | -€725 | -100% |
| Total equity and liabilities | 10/49 | €161,729 | €177,616 | +€15,886 | +9.8% |
| Equity | 10/15 | -€279 | €90,597 | +€90,876 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €40,597 | +€40,597 | |
| Distributable reserves | 133 | - | €40,597 | +€40,597 | |
| Profit (loss) carried forward | 14 | -€50,279 | €0 | +€50,279 | |
| Amounts payable | 17/49 | €162,008 | €87,019 | -€74,989 | -46.3% |
| Amounts payable within one year | 42/48 | €162,008 | €87,019 | -€74,989 | -46.3% |
| Trade debts | 44 | €4,214 | €724 | -€3,490 | -82.8% |
| Suppliers | 440/4 | €4,214 | €724 | -€3,490 | -82.8% |
| Taxes, remuneration and social security | 45 | €1,480 | €335 | -€1,144 | -77.4% |
| Taxes | 450/3 | €1,480 | €335 | -€1,144 | -77.4% |
| Other amounts payable | 47/48 | €156,315 | €85,960 | -€70,355 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,983 | €8,711 | +€728 | +9.1% |
| Other operating charges | 640/8 | €1,522 | €1,972 | +€450 | +29.6% |
| Non-recurring operating charges | 66A | €6,497 | €0 | -€6,497 | -100% |
| Gross operating margin | 9900 | €79,399 | €136,382 | +€56,983 | +71.8% |
| Operating profit (loss) | 9901 | €63,397 | €125,699 | +€62,302 | +98.3% |
| Financial income | 75/76B | €1,144 | €1,923 | +€779 | +68.1% |
| Recurring financial income | 75 | €1,144 | €1,923 | +€779 | +68.1% |
| Financial charges | 65/66B | €2,288 | €5,248 | +€2,960 | +129% |
| Recurring financial charges | 65 | €2,288 | €5,248 | +€2,960 | +129% |
| Profit (loss) for the period before taxes | 9903 | €62,253 | €122,374 | +€60,121 | +96.6% |
| Income taxes | 67/77 | €424 | €31,498 | +€31,074 | +7,329% |
| Profit (loss) for the period | 9904 | €61,829 | €90,876 | +€29,047 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,829 | €90,876 | +€29,047 | +47.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.