ALCODEVOS: 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.
ALCODEVOS
Largest movements
- Cash +€254,435
up €254,435 (+303%), from €84,101 to €338,537
mainly Net result for the year (+€495,266) and Depreciation (+€128,224)
- Tangible fixed assets -€128,224
down €128,224 (-3.1%), from €4.1m to €4.0m
of which Land and buildings: -€106,996
- Receivables within one year -€50,180
down €50,180 (-9.7%), from €515,477 to €465,296
of which Other amounts receivable: -€376,011
- Reserves +€412,500
up €412,500 (+35.8%), from €1.2m to €1.6m
of which Distributable reserves: +€412,500
- Debts after one year -€309,046
down €309,046 (-10.1%), from €3.1m to €2.7m
of which Financial debts: -€309,046
- Other debts +€81,055
up €81,055 (+85.8%), from €94,438 to €175,493
- Tax, wage and social debts -€52,251
down €52,251 (-33.7%), from €155,124 to €102,873
of which Taxes: -€51,767
- Profit (loss) carried forward -€52,234
down €52,234 (-69.9%), from €74,677 to €22,443
- Gross operating margin +€22,245
up €22,245 (+2.2%), from €995,145 to €1.0m
- Taxes -€13,799
down €13,799 (-6.4%), from €214,459 to €200,659
- Staff costs +€13,593
up €13,593 (+12.7%), from €107,057 to €120,651
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 | €4,876,579 | €4,972,464 | +€95,885 | +2.0% |
| Fixed assets | 21/28 | €4,273,770 | €4,145,546 | -€128,224 | -3.0% |
| Tangible fixed assets | 22/27 | €4,085,896 | €3,957,672 | -€128,224 | -3.1% |
| Land and buildings | 22 | €4,014,716 | €3,907,720 | -€106,996 | -2.7% |
| Furniture and vehicles | 24 | €71,180 | €49,952 | -€21,228 | -29.8% |
| Financial fixed assets | 28 | €187,875 | €187,875 | = | 0.0% |
| Current assets | 29/58 | €602,809 | €826,917 | +€224,109 | +37.2% |
| Amounts receivable within one year | 40/41 | €515,477 | €465,296 | -€50,180 | -9.7% |
| Trade receivables | 40 | €131,477 | €457,308 | +€325,831 | +248% |
| Other amounts receivable | 41 | €384,000 | €7,989 | -€376,011 | -97.9% |
| Cash at bank and in hand | 54/58 | €84,101 | €338,537 | +€254,435 | +303% |
| Deferred charges and accrued income | 490/1 | €3,231 | €23,084 | +€19,854 | +615% |
| Total equity and liabilities | 10/49 | €4,876,579 | €4,972,464 | +€95,885 | +2.0% |
| Equity | 10/15 | €1,251,877 | €1,612,143 | +€360,266 | +28.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,152,200 | €1,564,700 | +€412,500 | +35.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,152,200 | €1,564,700 | +€412,500 | +35.8% |
| Profit (loss) carried forward | 14 | €74,677 | €22,443 | -€52,234 | -69.9% |
| Amounts payable | 17/49 | €3,624,702 | €3,360,321 | -€264,381 | -7.3% |
| Amounts payable after more than one year | 17 | €3,050,841 | €2,741,795 | -€309,046 | -10.1% |
| Financial debts | 170/4 | €3,044,091 | €2,735,045 | -€309,046 | -10.2% |
| Other amounts payable | 178/9 | €6,750 | €6,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €556,938 | €598,034 | +€41,095 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €304,684 | €309,046 | +€4,362 | +1.4% |
| Trade debts | 44 | €2,693 | €10,622 | +€7,929 | +294% |
| Suppliers | 440/4 | €2,693 | €10,622 | +€7,929 | +294% |
| Taxes, remuneration and social security | 45 | €155,124 | €102,873 | -€52,251 | -33.7% |
| Taxes | 450/3 | €140,197 | €88,430 | -€51,767 | -36.9% |
| Remuneration and social security | 454/9 | €14,927 | €14,443 | -€484 | -3.2% |
| Other amounts payable | 47/48 | €94,438 | €175,493 | +€81,055 | +85.8% |
| Accrued charges and deferred income | 492/3 | €16,922 | €20,492 | +€3,570 | +21.1% |
| Remuneration, social security and pensions | 62 | €107,057 | €120,651 | +€13,593 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,555 | €128,224 | -€2,331 | -1.8% |
| Other operating charges | 640/8 | €19,078 | €19,771 | +€693 | +3.6% |
| Gross operating margin | 9900 | €995,145 | €1,017,390 | +€22,245 | +2.2% |
| Operating profit (loss) | 9901 | €738,455 | €748,744 | +€10,290 | +1.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €53,628 | €52,819 | -€809 | -1.5% |
| Recurring financial charges | 65 | €53,628 | €52,819 | -€809 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €684,827 | €695,925 | +€11,098 | +1.6% |
| Income taxes | 67/77 | €214,459 | €200,659 | -€13,799 | -6.4% |
| Profit (loss) for the period | 9904 | €470,368 | €495,266 | +€24,897 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €470,368 | €495,266 | +€24,897 | +5.3% |
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 22 October 2026 via checked.be.