ALCO: 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.
ALCO
Largest movements
- Cash -€240,342
down €240,342 (-84.5%), from €284,457 to €44,115
mainly Receivables within one year (-€238,361) and Net result for the year (-€14,423)
- Receivables within one year +€238,361
up €238,361 (+133.5%), from €178,498 to €416,858
of which Other amounts receivable: +€402,036
- Profit (loss) carried forward -€14,423
down €14,423 (-31.7%), from -€45,509 to -€59,932
- Trade debts +€14,369
up €14,369 (+1002.2%), from €1,434 to €15,803
- Gross operating margin -€17,754
down €17,754, from €6,987 to -€10,766
- Other operating charges -€10,204
down €10,204 (-62.0%), from €16,467 to €6,263
- Financial income +€2,036
new in 2025: €2,036
- Provisions -€751
new in 2025: -€751
- Financial charges -€389
down €389 (-68.3%), from €570 to €181
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 | €1,002,955 | €1,000,974 | -€1,981 | -0.2% |
| Fixed assets | 21/28 | €540,000 | €540,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €540,000 | €540,000 | = | 0.0% |
| Land and buildings | 22 | €540,000 | €540,000 | = | 0.0% |
| Current assets | 29/58 | €462,955 | €460,974 | -€1,981 | -0.4% |
| Amounts receivable within one year | 40/41 | €178,498 | €416,858 | +€238,361 | +133.5% |
| Trade receivables | 40 | €178,498 | €14,822 | -€163,676 | -91.7% |
| Other amounts receivable | 41 | - | €402,036 | +€402,036 | |
| Cash at bank and in hand | 54/58 | €284,457 | €44,115 | -€240,342 | -84.5% |
| Total equity and liabilities | 10/49 | €1,002,955 | €1,000,974 | -€1,981 | -0.2% |
| Equity | 10/15 | €998,591 | €984,168 | -€14,423 | -1.4% |
| Contributions | 10/11 | €561,479 | €561,479 | = | 0.0% |
| Reserves | 13 | €482,621 | €482,621 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,148 | €56,148 | = | 0.0% |
| Reserves not available under the articles | 1311 | €56,148 | €56,148 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €399,473 | €399,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,509 | -€59,932 | -€14,423 | -31.7% |
| Provisions and deferred taxes | 16 | €751 | - | -€751 | |
| Provisions for liabilities and charges | 160/5 | €751 | - | -€751 | |
| Other liabilities and charges | 164/5 | €751 | - | -€751 | |
| Amounts payable | 17/49 | €3,613 | €16,805 | +€13,193 | +365.2% |
| Amounts payable within one year | 42/48 | €3,570 | €15,803 | +€12,233 | +342.6% |
| Trade debts | 44 | €1,434 | €15,803 | +€14,369 | +1002.2% |
| Suppliers | 440/4 | €1,434 | €15,803 | +€14,369 | +1002.2% |
| Other amounts payable | 47/48 | €2,136 | - | -€2,136 | |
| Accrued charges and deferred income | 492/3 | €43 | €1,002 | +€959 | +2243.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€751 | -€751 | |
| Other operating charges | 640/8 | €16,467 | €6,263 | -€10,204 | -62.0% |
| Gross operating margin | 9900 | €6,987 | -€10,766 | -€17,754 | |
| Operating profit (loss) | 9901 | -€9,480 | -€16,279 | -€6,799 | -71.7% |
| Financial income | 75/76B | - | €2,036 | +€2,036 | |
| Recurring financial income | 75 | - | €2,036 | +€2,036 | |
| Financial charges | 65/66B | €570 | €181 | -€389 | -68.3% |
| Recurring financial charges | 65 | €570 | €181 | -€389 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,049 | -€14,423 | -€4,373 | -43.5% |
| Profit (loss) for the period | 9904 | -€10,049 | -€14,423 | -€4,373 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,049 | -€14,423 | -€4,373 | -43.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.