Alcor UMa: 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.
Alcor UMa
Largest movements
- Receivables within one year +€288,964
up €288,964 (+483%), from €59,859 to €348,823
of which Trade receivables: +€288,750
- Reserves +€889,069
up €889,069 (+27.2%), from €3.3m to €4.2m
- Debts after one year -€565,612
down €565,612 (-33.7%), from €1.7m to €1.1m
of which Financial debts: -€1.7m
- Financial income -€262,500
down €262,500 (-24.0%), from €1.1m to €831,250
- Financial charges -€64,107
down €64,107 (-48.3%), from €132,745 to €68,638
- Gross operating margin -€33,202
down €33,202 (-18.4%), from €180,723 to €147,522
- Taxes +€16,641
up €16,641 (+629%), from €2,645 to €19,286
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 | €5,039,136 | €5,346,135 | +€306,999 | +6.1% |
| Fixed assets | 21/28 | €4,834,624 | €4,834,029 | -€595 | 0.0% |
| Tangible fixed assets | 22/27 | €1,555 | €960 | -€595 | -38.3% |
| Furniture and vehicles | 24 | €1,555 | €960 | -€595 | -38.3% |
| Financial fixed assets | 28 | €4,833,069 | €4,833,069 | = | 0.0% |
| Current assets | 29/58 | €204,512 | €512,106 | +€307,594 | +150% |
| Amounts receivable within one year | 40/41 | €59,859 | €348,823 | +€288,964 | +483% |
| Trade receivables | 40 | €59,359 | €348,109 | +€288,750 | +486% |
| Other amounts receivable | 41 | €500 | €714 | +€214 | +42.7% |
| Cash at bank and in hand | 54/58 | €144,653 | €163,283 | +€18,631 | +12.9% |
| Total equity and liabilities | 10/49 | €5,039,136 | €5,346,135 | +€306,999 | +6.1% |
| Equity | 10/15 | €3,324,511 | €4,213,580 | +€889,069 | +26.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €3,274,511 | €4,163,580 | +€889,069 | +27.2% |
| Distributable reserves | 133 | €3,274,511 | €4,163,580 | +€889,069 | +27.2% |
| Amounts payable | 17/49 | €1,714,625 | €1,132,554 | -€582,070 | -33.9% |
| Amounts payable after more than one year | 17 | €1,677,993 | €1,112,381 | -€565,612 | -33.7% |
| Financial debts | 170/4 | €1,677,993 | - | -€1.7m | |
| Other amounts payable | 178/9 | - | €1,112,381 | +€1.1m | |
| Amounts payable within one year | 42/48 | €36,632 | €20,174 | -€16,458 | -44.9% |
| Trade debts | 44 | €0 | €1,879 | +€1,879 | |
| Suppliers | 440/4 | €0 | €1,879 | +€1,879 | |
| Taxes, remuneration and social security | 45 | €36,632 | €18,295 | -€18,337 | -50.1% |
| Taxes | 450/3 | €36,632 | €18,295 | -€18,337 | -50.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €595 | +€315 | +112% |
| Other operating charges | 640/8 | €1,086 | €1,183 | +€97 | +8.9% |
| Gross operating margin | 9900 | €180,723 | €147,522 | -€33,202 | -18.4% |
| Operating profit (loss) | 9901 | €179,357 | €145,744 | -€33,613 | -18.7% |
| Financial income | 75/76B | €1,093,750 | €831,250 | -€262,500 | -24.0% |
| Recurring financial income | 75 | €1,093,750 | €831,250 | -€262,500 | -24.0% |
| Financial charges | 65/66B | €132,745 | €68,638 | -€64,107 | -48.3% |
| Recurring financial charges | 65 | €132,745 | €68,638 | -€64,107 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €1,140,362 | €908,356 | -€232,006 | -20.3% |
| Income taxes | 67/77 | €2,645 | €19,286 | +€16,641 | +629% |
| Profit (loss) for the period | 9904 | €1,137,717 | €889,069 | -€248,647 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,137,717 | €889,069 | -€248,647 | -21.9% |
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 25 October 2026 via checked.be.