ALCOR SECURITIES: 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.
What changed
ALCOR SECURITIES
NACE 46.646, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,155
2024 · -€32,237+€59,392
Equity
€686,518
2024 · €659,364+€27,155
Cash
€152,499
2024 · €148,927+€3,572
Balance sheet total
€1.3m
2024 · €1.3m+€35,556
Largest movements
Assets
- Financial fixed assets +€24,500
up €24,500 (+2.2%), from €1.1m to €1.1m
of which Affiliated companies: +€24,500
Equity and liabilities
- Profit (loss) carried forward +€27,155
up €27,155 (+59.5%), from -€45,636 to -€18,482
- Accrued charges and deferred income +€18,905
up €18,905 (+451%), from €4,190 to €23,095
Income statement
- Turnover +€64,300
new in 2025: €64,300
- Financial charges +€5,283
up €5,283 (+198%), from €2,673 to €7,956
- Taxes -€2,431
down €2,431, from €27 to -€2,405
- Services and other goods +€1,242
up €1,242 (+4.2%), from €29,538 to €30,780
- Other operating charges +€968
new in 2025: €968
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.
Result 2024
-€32,237
Turnover
+€64,300
Services and other goods
-€1,242
Other operating charges
-€968
Financial income
+€152
Financial charges
-€5,283
Taxes
+€2,431
Result 2025
€27,155
raises the resultlowers the result
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.
From operations
+€31,096
Investment
-€24,500
Financing
-€3,024
Cash 2024
€148,927
From operations (derived)
+€31,096
Net result for the year
+€27,155
Receivables within one year
-€7,484
Trade debts
-€7,401
Tax, wage and social debts
-€78
Accrued charges and deferred income
+€18,905
Investment (derived)
-€24,500
Investment in fixed assets (net)
-€24,500
Financing
-€3,024
Debts after one year
-€3,024
Cash 2025
€152,499
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,306,288 | €1,341,844 | +€35,556 | +2.7% |
| Fixed assets | 21/28 | €1,117,184 | €1,141,684 | +€24,500 | +2.2% |
| Financial fixed assets | 28 | €1,117,184 | €1,141,684 | +€24,500 | +2.2% |
| Affiliated companies | 280/1 | €1,116,629 | €1,141,129 | +€24,500 | +2.2% |
| Participating interests | 280 | €1,116,629 | €1,141,129 | +€24,500 | +2.2% |
| Other financial fixed assets | 284/8 | €555 | €555 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €189,104 | €200,160 | +€11,056 | +5.8% |
| Amounts receivable within one year | 40/41 | €40,177 | €47,661 | +€7,484 | +18.6% |
| Trade receivables | 40 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 41 | €177 | €7,661 | +€7,484 | +4,228% |
| Cash at bank and in hand | 54/58 | €148,927 | €152,499 | +€3,572 | +2.4% |
| Total equity and liabilities | 10/49 | €1,306,288 | €1,341,844 | +€35,556 | +2.7% |
| Equity | 10/15 | €659,364 | €686,518 | +€27,155 | +4.1% |
| Contributions | 10/11 | €705,000 | €705,000 | = | 0.0% |
| Capital | 10 | €705,000 | €705,000 | = | 0.0% |
| Issued capital | 100 | €705,000 | €705,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,636 | -€18,482 | +€27,155 | +59.5% |
| Amounts payable | 17/49 | €646,924 | €655,326 | +€8,402 | +1.3% |
| Amounts payable after more than one year | 17 | €594,417 | €591,394 | -€3,024 | -0.5% |
| Other amounts payable | 178/9 | €594,417 | €591,394 | -€3,024 | -0.5% |
| Amounts payable within one year | 42/48 | €48,317 | €40,837 | -€7,479 | -15.5% |
| Trade debts | 44 | €7,673 | €272 | -€7,401 | -96.5% |
| Suppliers | 440/4 | €7,673 | €272 | -€7,401 | -96.5% |
| Taxes, remuneration and social security | 45 | €78 | - | -€78 | |
| Taxes | 450/3 | €78 | - | -€78 | |
| Other amounts payable | 47/48 | €40,565 | €40,565 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,190 | €23,095 | +€18,905 | +451% |
| Operating income | 70/76A | - | €64,300 | +€64,300 | |
| Turnover | 70 | - | €64,300 | +€64,300 | |
| Operating charges | 60/66A | €29,538 | €31,747 | +€2,209 | +7.5% |
| Services and other goods | 61 | €29,538 | €30,780 | +€1,242 | +4.2% |
| Other operating charges | 640/8 | - | €968 | +€968 | |
| Operating profit (loss) | 9901 | -€29,538 | €32,553 | +€62,091 | |
| Financial income | 75/76B | - | €152 | +€152 | |
| Recurring financial income | 75 | - | €152 | +€152 | |
| Income from current assets | 751 | - | €152 | +€152 | |
| Financial charges | 65/66B | €2,673 | €7,956 | +€5,283 | +198% |
| Recurring financial charges | 65 | €2,673 | €7,956 | +€5,283 | +198% |
| Other financial charges | 652/9 | €2,673 | €7,956 | +€5,283 | +198% |
| Profit (loss) for the period before taxes | 9903 | -€32,211 | €24,750 | +€56,961 | |
| Income taxes | 67/77 | €27 | -€2,405 | -€2,431 | |
| Taxes | 670/3 | €27 | - | -€27 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,405 | +€2,405 | |
| Profit (loss) for the period | 9904 | -€32,237 | €27,155 | +€59,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,237 | €27,155 | +€59,392 |
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 18 October 2026 via checked.be.