Alcotra Holding: 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
Alcotra Holding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€480,317
2024 · €874,720-€394,403
Equity
€48.8m
2024 · €68.3m-€19.5m
Cash
€16,156
2024 · €1.1m-€1.0m
Balance sheet total
€69.1m
2024 · €68.4m+€690,836
Largest movements
Assets
- Receivables within one year +€2.6m
up €2.6m (+12.6%), from €20.5m to €23.1m
- Cash -€1.0m
down €1.0m (-98.5%), from €1.1m to €16,156
mainly Contributions, distributions and other (-€20.0m) and Receivables within one year (-€2.6m)
- Financial fixed assets -€1.0m
down €1.0m (-2.1%), from €46.8m to €45.8m
Equity and liabilities
- Other debts +€20.1m
new in 2025: €20.1m
- Profit (loss) carried forward -€19.5m
down €19.5m (-52.1%), from €37.5m to €18.0m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€874,720
Other operating charges
-€31
Other operating items
-€1,143
Financial income
-€479,623
Financial charges
+€149,890
Taxes
-€63,496
Result 2025
€480,317
raises the resultlowers the resultnot broken down further in the accounts
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
+€18.0m
Investment
+€1.0m
Financing
-€20.0m
Cash 2024
€1.1m
From operations (derived)
+€18.0m
Net result for the year
+€480,317
Receivables within one year
-€2.6m
Deferred charges and accrued income
-€144,060
Smaller working-capital items
+€29
Tax, wage and social debts
+€79,143
Other debts
+€20.1m
Investment (derived)
+€1.0m
Investment in fixed assets (net)
+€1.0m
Financing
-€20.0m
Contributions, distributions and other
-€20.0m
Cash 2025
€16,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,409,746 | €69,100,582 | +€690,836 | +1.0% |
| Fixed assets | 21/28 | €46,836,959 | €45,836,959 | -€1.0m | -2.1% |
| Financial fixed assets | 28 | €46,836,959 | €45,836,959 | -€1.0m | -2.1% |
| Affiliated companies | 280/1 | €46,836,959 | €45,836,959 | -€1.0m | -2.1% |
| Participating interests | 280 | €46,836,959 | €45,836,959 | -€1.0m | -2.1% |
| Current assets | 29/58 | €21,572,787 | €23,263,623 | +€1.7m | +7.8% |
| Amounts receivable within one year | 40/41 | €20,519,761 | €23,103,398 | +€2.6m | +12.6% |
| Other amounts receivable | 41 | €20,519,761 | €23,103,398 | +€2.6m | +12.6% |
| Cash at bank and in hand | 54/58 | €1,053,018 | €16,156 | -€1.0m | -98.5% |
| Deferred charges and accrued income | 490/1 | €8 | €144,069 | +€144,060 | +1,744,073% |
| Total equity and liabilities | 10/49 | €68,409,746 | €69,100,582 | +€690,836 | +1.0% |
| Equity | 10/15 | €68,288,299 | €48,768,616 | -€19.5m | -28.6% |
| Contributions | 10/11 | €28,000,000 | €28,000,000 | = | 0.0% |
| Capital | 10 | €28,000,000 | €28,000,000 | = | 0.0% |
| Issued capital | 100 | €28,000,000 | €28,000,000 | = | 0.0% |
| Reserves | 13 | €2,800,000 | €2,800,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,800,000 | €2,800,000 | = | 0.0% |
| Legal reserve | 130 | €2,800,000 | €2,800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,488,299 | €17,968,616 | -€19.5m | -52.1% |
| Amounts payable | 17/49 | €121,447 | €20,331,966 | +€20.2m | +16,641% |
| Amounts payable within one year | 42/48 | €121,444 | €20,331,966 | +€20.2m | +16,642% |
| Trade debts | 44 | €8,192 | €8,224 | +€32 | +0.4% |
| Suppliers | 440/4 | €8,192 | €8,224 | +€32 | +0.4% |
| Taxes, remuneration and social security | 45 | €113,252 | €192,395 | +€79,143 | +69.9% |
| Taxes | 450/3 | €113,252 | €192,395 | +€79,143 | +69.9% |
| Other amounts payable | 47/48 | - | €20,131,347 | +€20.1m | |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Operating charges | 60/66A | €9,836 | €11,010 | +€1,174 | +11.9% |
| Services and other goods | 61 | €8,869 | €10,012 | +€1,143 | +12.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€9,836 | -€11,010 | -€1,174 | -11.9% |
| Financial income | 75/76B | €2,166,433 | €1,686,810 | -€479,623 | -22.1% |
| Recurring financial income | 75 | €2,166,433 | €1,686,810 | -€479,623 | -22.1% |
| Income from financial fixed assets | 750 | €1,370,617 | €951,249 | -€419,368 | -30.6% |
| Income from current assets | 751 | €794,318 | €735,561 | -€58,757 | -7.4% |
| Other financial income | 752/9 | €1,498 | - | -€1,498 | |
| Financial charges | 65/66B | €1,151,754 | €1,001,864 | -€149,890 | -13.0% |
| Recurring financial charges | 65 | €1,754 | €1,864 | +€110 | +6.3% |
| Other financial charges | 652/9 | €1,754 | €1,864 | +€110 | +6.3% |
| Non-recurring financial charges | 66B | €1,150,000 | €1,000,000 | -€150,000 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €1,004,843 | €673,936 | -€330,906 | -32.9% |
| Income taxes | 67/77 | €130,123 | €193,619 | +€63,496 | +48.8% |
| Taxes | 670/3 | €130,123 | €193,619 | +€63,496 | +48.8% |
| Profit (loss) for the period | 9904 | €874,720 | €480,317 | -€394,403 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €874,720 | €480,317 | -€394,403 | -45.1% |
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.