ALCOTRA: 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.
ALCOTRA
Largest movements
- Receivables within one year +€267,462
up €267,462 (+53.0%), from €504,447 to €771,909
of which Other amounts receivable: +€267,391
- Profit (loss) carried forward +€215,253
up €215,253 (+54.8%), from -€392,547 to -€177,294
- Other debts +€47,418
up €47,418 (+43.8%), from €108,360 to €155,778
- Gross operating margin +€209,973
up €209,973, from -€3,886 to €206,087
- Write-downs -€3,310
no longer reported in 2025 (was €3,310)
- Financial income +€3,255
up €3,255 (+21.9%), from €14,880 to €18,135
- Financial charges +€2,191
up €2,191 (+42.4%), from €5,171 to €7,362
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 | €903,373 | €1,170,434 | +€267,061 | +29.6% |
| Fixed assets | 21/28 | €398,925 | €398,461 | -€464 | -0.1% |
| Tangible fixed assets | 22/27 | €1,505 | €1,041 | -€464 | -30.8% |
| Furniture and vehicles | 24 | €1,505 | €1,041 | -€464 | -30.8% |
| Financial fixed assets | 28 | €397,420 | €397,420 | = | 0.0% |
| Current assets | 29/58 | €504,448 | €771,973 | +€267,525 | +53.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €504,447 | €771,909 | +€267,462 | +53.0% |
| Trade receivables | 40 | - | €71 | +€71 | |
| Other amounts receivable | 41 | €504,447 | €771,838 | +€267,391 | +53.0% |
| Cash at bank and in hand | 54/58 | €1 | €64 | +€63 | +8188.3% |
| Total equity and liabilities | 10/49 | €903,373 | €1,170,434 | +€267,061 | +29.6% |
| Equity | 10/15 | €774,777 | €990,030 | +€215,253 | +27.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,105,324 | €1,105,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €222 | €222 | = | 0.0% |
| Distributable reserves | 133 | €1,098,902 | €1,098,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€392,547 | -€177,294 | +€215,253 | +54.8% |
| Amounts payable | 17/49 | €128,596 | €180,404 | +€51,808 | +40.3% |
| Amounts payable within one year | 42/48 | €128,596 | €180,404 | +€51,808 | +40.3% |
| Financial debts | 43 | €15,423 | €17,818 | +€2,396 | +15.5% |
| Credit institutions | 430/8 | €15,423 | €17,818 | +€2,396 | +15.5% |
| Trade debts | 44 | €4,719 | €6,713 | +€1,994 | +42.3% |
| Suppliers | 440/4 | €4,719 | €6,713 | +€1,994 | +42.3% |
| Taxes, remuneration and social security | 45 | €94 | €94 | = | 0.0% |
| Taxes | 450/3 | €94 | €94 | = | 0.0% |
| Other amounts payable | 47/48 | €108,360 | €155,778 | +€47,418 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €464 | -€17 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,310 | - | -€3,310 | |
| Other operating charges | 640/8 | €1,118 | €1,143 | +€25 | +2.2% |
| Gross operating margin | 9900 | -€3,886 | €206,087 | +€209,973 | |
| Operating profit (loss) | 9901 | -€8,794 | €204,480 | +€213,275 | |
| Financial income | 75/76B | €14,880 | €18,135 | +€3,255 | +21.9% |
| Recurring financial income | 75 | €14,880 | €18,135 | +€3,255 | +21.9% |
| Financial charges | 65/66B | €5,171 | €7,362 | +€2,191 | +42.4% |
| Recurring financial charges | 65 | €5,171 | €7,362 | +€2,191 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €915 | €215,253 | +€214,338 | +23429.1% |
| Profit (loss) for the period | 9904 | €915 | €215,253 | +€214,338 | +23429.1% |
| Profit (loss) for the period to be appropriated | 9905 | €915 | €215,253 | +€214,338 | +23429.1% |
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 1 October 2026 via checked.be.