ALCOTRANS: 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.
ALCOTRANS
Largest movements
- Tangible fixed assets +€45,854
up €45,854 (+11.6%), from €395,064 to €440,918
of which Furniture and vehicles: +€151,820
- Cash +€27,761
up €27,761 (+131.1%), from €21,182 to €48,943
mainly Depreciation (+€100,115) and Current portion of long-term debt (+€38,055)
- Stocks and contracts -€11,295
down €11,295 (-68.5%), from €16,490 to €5,195
- Current portion of long-term debt +€38,055
up €38,055 (+44.3%), from €85,924 to €123,979
- Debts after one year -€17,196
down €17,196 (-10.5%), from €164,263 to €147,067
- Profit (loss) carried forward +€12,964
up €12,964 (+15.8%), from -€82,244 to -€69,280
- Tax, wage and social debts +€11,518
up €11,518 (+85.3%), from €13,496 to €25,013
of which Taxes: +€12,229
- Other debts +€10,376
up €10,376 (+5.4%), from €191,690 to €202,066
- Depreciation -€29,396
down €29,396 (-22.7%), from €129,511 to €100,115
- Other operating charges -€3,377
down €3,377 (-32.7%), from €10,322 to €6,945
- Gross operating margin -€2,027
down €2,027 (-1.3%), from €157,947 to €155,920
- Financial charges +€1,623
up €1,623 (+18.7%), from €8,694 to €10,317
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 | €514,935 | €576,339 | +€61,404 | +11.9% |
| Fixed assets | 21/28 | €396,219 | €442,073 | +€45,854 | +11.6% |
| Tangible fixed assets | 22/27 | €395,064 | €440,918 | +€45,854 | +11.6% |
| Land and buildings | 22 | €61,691 | €69,597 | +€7,905 | +12.8% |
| Plant, machinery and equipment | 23 | €14,311 | €10,878 | -€3,433 | -24.0% |
| Furniture and vehicles | 24 | €167,232 | €319,052 | +€151,820 | +90.8% |
| Leasing and similar rights | 25 | €151,830 | €41,391 | -€110,438 | -72.7% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €118,716 | €134,266 | +€15,550 | +13.1% |
| Stocks and contracts in progress | 3 | €16,490 | €5,195 | -€11,295 | -68.5% |
| Stocks | 30/36 | €16,490 | €5,195 | -€11,295 | -68.5% |
| Amounts receivable within one year | 40/41 | €60,572 | €63,287 | +€2,715 | +4.5% |
| Trade receivables | 40 | €58,885 | €61,145 | +€2,260 | +3.8% |
| Other amounts receivable | 41 | €1,687 | €2,143 | +€456 | +27.0% |
| Cash at bank and in hand | 54/58 | €21,182 | €48,943 | +€27,761 | +131.1% |
| Deferred charges and accrued income | 490/1 | €20,472 | €16,840 | -€3,632 | -17.7% |
| Total equity and liabilities | 10/49 | €514,935 | €576,339 | +€61,404 | +11.9% |
| Equity | 10/15 | €49,949 | €62,912 | +€12,964 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,592 | €113,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,456 | €4,456 | = | 0.0% |
| Distributable reserves | 133 | €109,136 | €109,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,244 | -€69,280 | +€12,964 | +15.8% |
| Amounts payable | 17/49 | €464,987 | €513,427 | +€48,440 | +10.4% |
| Amounts payable after more than one year | 17 | €164,263 | €147,067 | -€17,196 | -10.5% |
| Financial debts | 170/4 | €164,263 | €147,067 | -€17,196 | -10.5% |
| Amounts payable within one year | 42/48 | €300,724 | €366,360 | +€65,636 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €85,924 | €123,979 | +€38,055 | +44.3% |
| Trade debts | 44 | €6,527 | €12,616 | +€6,089 | +93.3% |
| Suppliers | 440/4 | €6,527 | €12,616 | +€6,089 | +93.3% |
| Advances received on contracts in progress | 46 | €3,088 | €2,685 | -€403 | -13.0% |
| Taxes, remuneration and social security | 45 | €13,496 | €25,013 | +€11,518 | +85.3% |
| Taxes | 450/3 | €12,784 | €25,013 | +€12,229 | +95.7% |
| Remuneration and social security | 454/9 | €712 | - | -€712 | |
| Other amounts payable | 47/48 | €191,690 | €202,066 | +€10,376 | +5.4% |
| Non-recurring operating income | 76A | - | €45,542 | +€45,542 | |
| Remuneration, social security and pensions | 62 | €839 | €72 | -€767 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,511 | €100,115 | -€29,396 | -22.7% |
| Other operating charges | 640/8 | €10,322 | €6,945 | -€3,377 | -32.7% |
| Non-recurring operating charges | 66A | - | €25,713 | +€25,713 | |
| Gross operating margin | 9900 | €157,947 | €155,920 | -€2,027 | -1.3% |
| Operating profit (loss) | 9901 | €17,275 | €23,075 | +€5,799 | +33.6% |
| Financial income | 75/76B | €25 | €257 | +€233 | +948.8% |
| Recurring financial income | 75 | €25 | €257 | +€233 | +948.8% |
| Financial charges | 65/66B | €8,694 | €10,317 | +€1,623 | +18.7% |
| Recurring financial charges | 65 | €8,694 | €10,317 | +€1,623 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €8,606 | €13,015 | +€4,409 | +51.2% |
| Income taxes | 67/77 | €213 | €52 | -€161 | -75.7% |
| Profit (loss) for the period | 9904 | €8,393 | €12,964 | +€4,570 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,393 | €12,964 | +€4,570 | +54.5% |
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 5 October 2026 via checked.be.