ALCOPAL: 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.
ALCOPAL
Largest movements
- Cash -€15,723
down €15,723 (-25.8%), from €60,925 to €45,203
mainly Net result for the year (-€10,170) and Other debts (-€6,252)
- Stocks and contracts +€3,715
up €3,715 (+241.4%), from €1,539 to €5,255
- Tangible fixed assets -€929
down €929 (-6.1%), from €15,211 to €14,283
of which Land and buildings: -€4,979
- Profit (loss) carried forward -€10,170
down €10,170 (-79.2%), from €12,844 to €2,674
- Other debts -€6,252
down €6,252 (-17.1%), from €36,573 to €30,321
- Short-term financial debts +€3,370
up €3,370 (+223.9%), from €1,505 to €4,875
- Gross operating margin -€25,792
down €25,792 (-43.8%), from €58,848 to €33,056
- Turnover -€19,327
down €19,327 (-29.6%), from €65,201 to €45,875
- Other operating charges -€6,523
down €6,523 (-75.9%), from €8,590 to €2,068
- Depreciation -€4,712
down €4,712 (-43.2%), from €10,898 to €6,186
- Staff costs -€3,805
down €3,805 (-10.0%), from €37,957 to €34,152
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 | €81,138 | €68,466 | -€12,673 | -15.6% |
| Fixed assets | 21/28 | €15,261 | €14,333 | -€929 | -6.1% |
| Tangible fixed assets | 22/27 | €15,211 | €14,283 | -€929 | -6.1% |
| Land and buildings | 22 | €13,290 | €8,311 | -€4,979 | -37.5% |
| Furniture and vehicles | 24 | €1,921 | €5,972 | +€4,051 | +210.8% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €65,877 | €54,133 | -€11,744 | -17.8% |
| Stocks and contracts in progress | 3 | €1,539 | €5,255 | +€3,715 | +241.4% |
| Stocks | 30/36 | €1,539 | €5,255 | +€3,715 | +241.4% |
| Amounts receivable within one year | 40/41 | €2,806 | €3,007 | +€201 | +7.2% |
| Trade receivables | 40 | €2,806 | €3,007 | +€201 | +7.2% |
| Other amounts receivable | 41 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,925 | €45,203 | -€15,723 | -25.8% |
| Deferred charges and accrued income | 490/1 | €606 | €669 | +€62 | +10.3% |
| Total equity and liabilities | 10/49 | €81,138 | €68,466 | -€12,673 | -15.6% |
| Equity | 10/15 | €33,304 | €23,134 | -€10,170 | -30.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,844 | €2,674 | -€10,170 | -79.2% |
| Amounts payable | 17/49 | €47,834 | €45,331 | -€2,503 | -5.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,834 | €45,331 | -€2,503 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €648 | - | -€648 | |
| Financial debts | 43 | €1,505 | €4,875 | +€3,370 | +223.9% |
| Credit institutions | 430/8 | €1,505 | €4,875 | +€3,370 | +223.9% |
| Trade debts | 44 | €3,792 | €4,538 | +€746 | +19.7% |
| Suppliers | 440/4 | €3,792 | €4,538 | +€746 | +19.7% |
| Taxes, remuneration and social security | 45 | €5,315 | €5,597 | +€282 | +5.3% |
| Taxes | 450/3 | €621 | €945 | +€324 | +52.1% |
| Remuneration and social security | 454/9 | €4,694 | €4,652 | -€42 | -0.9% |
| Other amounts payable | 47/48 | €36,573 | €30,321 | -€6,252 | -17.1% |
| Turnover | 70 | €65,201 | €45,875 | -€19,327 | -29.6% |
| Non-recurring operating income | 76A | €6,160 | - | -€6,160 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,514 | €12,819 | +€305 | +2.4% |
| Remuneration, social security and pensions | 62 | €37,957 | €34,152 | -€3,805 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,898 | €6,186 | -€4,712 | -43.2% |
| Other operating charges | 640/8 | €8,590 | €2,068 | -€6,523 | -75.9% |
| Gross operating margin | 9900 | €58,848 | €33,056 | -€25,792 | -43.8% |
| Operating profit (loss) | 9901 | €1,403 | -€9,349 | -€10,753 | |
| Financial charges | 65/66B | €555 | €820 | +€266 | +47.9% |
| Recurring financial charges | 65 | €555 | €820 | +€266 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | €848 | -€10,170 | -€11,018 | |
| Income taxes | 67/77 | €69 | - | -€69 | |
| Profit (loss) for the period | 9904 | €779 | -€10,170 | -€10,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €779 | -€10,170 | -€10,949 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.