ALCODA: what changed
Two financial 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.
ALCODA
Largest movements
- Tangible fixed assets -€28,217
down €28,217 (-11.6%), from €242,897 to €214,680
- Cash +€21,974
up €21,974 (+62.7%), from €35,037 to €57,011
mainly Depreciation (+€28,217) and Net result for the year (+€9,626)
- Debts after one year -€12,743
down €12,743 (-7.0%), from €181,500 to €168,757
- Profit (loss) carried forward +€9,626
up €9,626 (+527%), from €1,826 to €11,452
- Gross operating margin +€12,954
up €12,954 (+41.4%), from €31,288 to €44,242
- Depreciation -€2,226
down €2,226 (-7.3%), from €30,443 to €28,217
- Financial charges +€1,017
up €1,017 (+35.7%), from €2,848 to €3,865
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.
Derived cash bridge
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 | €302,924 | €296,747 | -€6,177 | -2.0% |
| Fixed assets | 21/28 | €242,897 | €214,680 | -€28,217 | -11.6% |
| Tangible fixed assets | 22/27 | €242,897 | €214,680 | -€28,217 | -11.6% |
| Land and buildings | 22 | €242,897 | €214,680 | -€28,217 | -11.6% |
| Current assets | 29/58 | €60,027 | €82,067 | +€22,040 | +36.7% |
| Amounts receivable within one year | 40/41 | €23,551 | €23,551 | = | 0.0% |
| Trade receivables | 40 | €23,067 | €23,067 | = | 0.0% |
| Other amounts receivable | 41 | €484 | €484 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,037 | €57,011 | +€21,974 | +62.7% |
| Deferred charges and accrued income | 490/1 | €1,439 | €1,505 | +€66 | +4.6% |
| Total equity and liabilities | 10/49 | €302,924 | €296,747 | -€6,177 | -2.0% |
| Equity | 10/15 | €78,140 | €85,746 | +€7,607 | +9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,826 | €11,452 | +€9,626 | +527% |
| Investment grants | 15 | €8,113 | €6,094 | -€2,019 | -24.9% |
| Amounts payable | 17/49 | €224,785 | €211,001 | -€13,784 | -6.1% |
| Amounts payable after more than one year | 17 | €181,500 | €168,757 | -€12,743 | -7.0% |
| Financial debts | 170/4 | €181,500 | €168,757 | -€12,743 | -7.0% |
| Amounts payable within one year | 42/48 | €43,284 | €42,244 | -€1,040 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €14,258 | €13,281 | -€977 | -6.9% |
| Trade debts | 44 | €5,119 | €5,056 | -€63 | -1.2% |
| Suppliers | 440/4 | €5,119 | €5,056 | -€63 | -1.2% |
| Other amounts payable | 47/48 | €23,907 | €23,907 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,443 | €28,217 | -€2,226 | -7.3% |
| Other operating charges | 640/8 | €4,423 | €4,554 | +€131 | +3.0% |
| Gross operating margin | 9900 | €31,288 | €44,242 | +€12,954 | +41.4% |
| Operating profit (loss) | 9901 | -€3,578 | €11,471 | +€15,049 | |
| Financial income | 75/76B | €2,019 | €2,019 | = | 0.0% |
| Recurring financial income | 75 | €2,019 | €2,019 | = | 0.0% |
| Financial charges | 65/66B | €2,848 | €3,865 | +€1,017 | +35.7% |
| Recurring financial charges | 65 | €2,848 | €3,865 | +€1,017 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,407 | €9,626 | +€14,032 | |
| Profit (loss) for the period | 9904 | -€4,407 | €9,626 | +€14,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,407 | €9,626 | +€14,032 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.