ALCODA EXPERIENCE: 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 EXPERIENCE
Largest movements
- Receivables within one year -€7,122
down €7,122 (-81.7%), from €8,717 to €1,596
of which Trade receivables: -€6,904
- Tangible fixed assets -€5,882
down €5,882 (-24.3%), from €24,168 to €18,286
of which Furniture and vehicles: -€4,237
- Other debts -€16,177
no longer reported in 2025 (was €16,177)
- Profit (loss) carried forward +€5,507
up €5,507 (+10.0%), from €55,112 to €60,619
- Debts after one year -€4,483
no longer reported in 2025 (was €4,483)
- Gross operating margin -€14,264
down €14,264 (-43.8%), from €32,592 to €18,328
- Other operating charges -€4,766
down €4,766 (-83.1%), from €5,738 to €972
- Taxes -€3,636
down €3,636 (-54.9%), from €6,625 to €2,989
- Depreciation +€592
up €592 (+7.4%), from €7,976 to €8,569
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 | €136,362 | €122,531 | -€13,831 | -10.1% |
| Fixed assets | 21/28 | €24,168 | €18,286 | -€5,882 | -24.3% |
| Tangible fixed assets | 22/27 | €24,168 | €18,286 | -€5,882 | -24.3% |
| Furniture and vehicles | 24 | €11,195 | €6,957 | -€4,237 | -37.9% |
| Other tangible fixed assets | 26 | €12,973 | €11,329 | -€1,644 | -12.7% |
| Current assets | 29/58 | €112,194 | €104,245 | -€7,949 | -7.1% |
| Amounts receivable within one year | 40/41 | €8,717 | €1,596 | -€7,122 | -81.7% |
| Trade receivables | 40 | €6,904 | - | -€6,904 | |
| Other amounts receivable | 41 | €1,814 | €1,596 | -€218 | -12.0% |
| Cash at bank and in hand | 54/58 | €103,411 | €102,392 | -€1,019 | -1.0% |
| Deferred charges and accrued income | 490/1 | €66 | €257 | +€192 | +290.8% |
| Total equity and liabilities | 10/49 | €136,362 | €122,531 | -€13,831 | -10.1% |
| Equity | 10/15 | €105,112 | €110,619 | +€5,507 | +5.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,112 | €60,619 | +€5,507 | +10.0% |
| Amounts payable | 17/49 | €31,250 | €11,913 | -€19,338 | -61.9% |
| Amounts payable after more than one year | 17 | €4,483 | - | -€4,483 | |
| Financial debts | 170/4 | €4,483 | - | -€4,483 | |
| Amounts payable within one year | 42/48 | €26,767 | €11,913 | -€14,855 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €5,317 | €4,483 | -€834 | -15.7% |
| Trade debts | 44 | €2,126 | €3,308 | +€1,183 | +55.6% |
| Suppliers | 440/4 | €2,126 | €3,308 | +€1,183 | +55.6% |
| Taxes, remuneration and social security | 45 | €3,148 | €4,121 | +€974 | +30.9% |
| Taxes | 450/3 | €3,148 | €4,121 | +€974 | +30.9% |
| Other amounts payable | 47/48 | €16,177 | - | -€16,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,976 | €8,569 | +€592 | +7.4% |
| Other operating charges | 640/8 | €5,738 | €972 | -€4,766 | -83.1% |
| Gross operating margin | 9900 | €32,592 | €18,328 | -€14,264 | -43.8% |
| Operating profit (loss) | 9901 | €18,878 | €8,787 | -€10,091 | -53.5% |
| Financial income | 75/76B | €67 | €91 | +€24 | +35.3% |
| Recurring financial income | 75 | €67 | €91 | +€24 | +35.3% |
| Financial charges | 65/66B | €276 | €382 | +€106 | +38.4% |
| Recurring financial charges | 65 | €276 | €382 | +€106 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €18,669 | €8,495 | -€10,173 | -54.5% |
| Income taxes | 67/77 | €6,625 | €2,989 | -€3,636 | -54.9% |
| Profit (loss) for the period | 9904 | €12,044 | €5,507 | -€6,537 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,044 | €5,507 | -€6,537 | -54.3% |
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 11 October 2026 via checked.be.