ALCORTA: 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.
ALCORTA
Largest movements
- Stocks and contracts +€37,161
up €37,161 (+269.0%), from €13,813 to €50,974
of which Stocks: +€22,875
- Cash -€23,791
down €23,791 (-57.5%), from €41,403 to €17,612
mainly Stocks and contracts (-€37,161) and Net result for the year (-€28,766)
- Tangible fixed assets -€11,944
down €11,944 (-14.1%), from €84,808 to €72,864
of which Furniture and vehicles: -€9,049
- Receivables within one year -€7,143
down €7,143 (-11.2%), from €63,525 to €56,382
of which Trade receivables: -€6,708
- Profit (loss) carried forward -€28,766
down €28,766 (-35.2%), from -€81,833 to -€110,599
- Trade debts +€14,639
up €14,639 (+30.0%), from €48,769 to €63,408
- Short-term financial debts +€10,000
new in 2025: €10,000
- Turnover -€515,546
no longer reported in 2025 (was €515,546)
- Purchases and services -€244,252
no longer reported in 2025 (was €244,252)
- Gross operating margin -€42,743
down €42,743 (-15.8%), from €271,294 to €228,551
- Staff costs +€17,422
up €17,422 (+7.9%), from €219,199 to €236,621
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 | €209,379 | €205,252 | -€4,127 | -2.0% |
| Fixed assets | 21/28 | €90,638 | €80,284 | -€10,354 | -11.4% |
| Tangible fixed assets | 22/27 | €84,808 | €72,864 | -€11,944 | -14.1% |
| Land and buildings | 22 | €71,756 | €69,154 | -€2,602 | -3.6% |
| Plant, machinery and equipment | 23 | €4,003 | €3,710 | -€293 | -7.3% |
| Furniture and vehicles | 24 | €9,049 | - | -€9,049 | |
| Financial fixed assets | 28 | €5,830 | €7,420 | +€1,590 | +27.3% |
| Current assets | 29/58 | €118,741 | €124,968 | +€6,227 | +5.2% |
| Stocks and contracts in progress | 3 | €13,813 | €50,974 | +€37,161 | +269.0% |
| Stocks | 30/36 | €13,813 | €36,688 | +€22,875 | +165.6% |
| Contracts in progress | 37 | - | €14,286 | +€14,286 | |
| Amounts receivable within one year | 40/41 | €63,525 | €56,382 | -€7,143 | -11.2% |
| Trade receivables | 40 | €61,220 | €54,512 | -€6,708 | -11.0% |
| Other amounts receivable | 41 | €2,305 | €1,870 | -€435 | -18.9% |
| Cash at bank and in hand | 54/58 | €41,403 | €17,612 | -€23,791 | -57.5% |
| Total equity and liabilities | 10/49 | €209,379 | €205,252 | -€4,127 | -2.0% |
| Equity | 10/15 | €160,610 | €131,844 | -€28,766 | -17.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €142,443 | €142,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €132,443 | €132,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,833 | -€110,599 | -€28,766 | -35.2% |
| Amounts payable | 17/49 | €48,769 | €73,408 | +€24,639 | +50.5% |
| Amounts payable within one year | 42/48 | €48,769 | €73,408 | +€24,639 | +50.5% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €48,769 | €63,408 | +€14,639 | +30.0% |
| Suppliers | 440/4 | €48,769 | €63,408 | +€14,639 | +30.0% |
| Turnover | 70 | €515,546 | - | -€515,546 | |
| Goods, raw materials, services and sundry goods | 60/61 | €244,252 | - | -€244,252 | |
| Remuneration, social security and pensions | 62 | €219,199 | €236,621 | +€17,422 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,932 | €14,066 | -€4,866 | -25.7% |
| Other operating charges | 640/8 | €4,656 | €5,001 | +€345 | +7.4% |
| Non-recurring operating charges | 66A | €332 | €244 | -€88 | -26.5% |
| Gross operating margin | 9900 | €271,294 | €228,551 | -€42,743 | -15.8% |
| Operating profit (loss) | 9901 | €28,175 | -€27,381 | -€55,556 | |
| Financial income | 75/76B | €201 | €289 | +€88 | +43.8% |
| Recurring financial income | 75 | €201 | €289 | +€88 | +43.8% |
| Financial charges | 65/66B | €1,844 | €1,658 | -€186 | -10.1% |
| Recurring financial charges | 65 | €1,844 | €1,658 | -€186 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €26,532 | -€28,750 | -€55,282 | |
| Income taxes | 67/77 | €26 | €16 | -€10 | -38.5% |
| Profit (loss) for the period | 9904 | €26,506 | -€28,766 | -€55,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,506 | -€28,766 | -€55,272 |
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 10 October 2026 via checked.be.