ALCÔVE: 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.
ALCÔVE
Largest movements
- Receivables within one year -€25,990
down €25,990 (-50.7%), from €51,257 to €25,266
of which Other amounts receivable: -€28,517
- Cash +€11,954
up €11,954 (+13.1%), from €91,258 to €103,212
mainly Net result for the year (+€173,863) and Receivables within one year (+€25,990)
- Tangible fixed assets -€3,194
down €3,194 (-31.5%), from €10,136 to €6,942
of which Furniture and vehicles: -€3,050
- Profit (loss) carried forward -€41,137
down €41,137 (-38.9%), from €105,869 to €64,732
- Other debts +€14,140
new in 2025: €14,140
- Tax, wage and social debts +€6,860
up €6,860 (+44.9%), from €15,282 to €22,142
- Trade debts +€4,247
up €4,247 (+67.7%), from €6,275 to €10,522
- Debts after one year -€2,072
down €2,072 (-51.4%), from €4,032 to €1,960
- Gross operating margin +€17,071
up €17,071 (+7.7%), from €220,714 to €237,785
- Taxes +€4,436
up €4,436 (+8.7%), from €51,129 to €55,565
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 | €153,921 | €136,028 | -€17,893 | -11.6% |
| Fixed assets | 21/28 | €10,136 | €6,942 | -€3,194 | -31.5% |
| Tangible fixed assets | 22/27 | €10,136 | €6,942 | -€3,194 | -31.5% |
| Furniture and vehicles | 24 | €9,207 | €6,157 | -€3,050 | -33.1% |
| Other tangible fixed assets | 26 | €928 | €784 | -€144 | -15.5% |
| Current assets | 29/58 | €143,785 | €129,087 | -€14,699 | -10.2% |
| Amounts receivable within one year | 40/41 | €51,257 | €25,266 | -€25,990 | -50.7% |
| Trade receivables | 40 | €18,872 | €21,399 | +€2,527 | +13.4% |
| Other amounts receivable | 41 | €32,385 | €3,867 | -€28,517 | -88.1% |
| Cash at bank and in hand | 54/58 | €91,258 | €103,212 | +€11,954 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,270 | €608 | -€662 | -52.1% |
| Total equity and liabilities | 10/49 | €153,921 | €136,028 | -€17,893 | -11.6% |
| Equity | 10/15 | €126,329 | €85,192 | -€41,137 | -32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,869 | €64,732 | -€41,137 | -38.9% |
| Amounts payable | 17/49 | €27,592 | €50,836 | +€23,244 | +84.2% |
| Amounts payable after more than one year | 17 | €4,032 | €1,960 | -€2,072 | -51.4% |
| Financial debts | 170/4 | €4,032 | €1,960 | -€2,072 | -51.4% |
| Amounts payable within one year | 42/48 | €23,561 | €48,876 | +€25,315 | +107% |
| Current portion of amounts payable after more than one year | 42 | €2,003 | €2,072 | +€68 | +3.4% |
| Trade debts | 44 | €6,275 | €10,522 | +€4,247 | +67.7% |
| Suppliers | 440/4 | €6,275 | €10,522 | +€4,247 | +67.7% |
| Taxes, remuneration and social security | 45 | €15,282 | €22,142 | +€6,860 | +44.9% |
| Taxes | 450/3 | €15,282 | €22,142 | +€6,860 | +44.9% |
| Other amounts payable | 47/48 | - | €14,140 | +€14,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,327 | €6,014 | -€313 | -4.9% |
| Other operating charges | 640/8 | €866 | €864 | -€2 | -0.2% |
| Gross operating margin | 9900 | €220,714 | €237,785 | +€17,071 | +7.7% |
| Operating profit (loss) | 9901 | €213,522 | €230,907 | +€17,385 | +8.1% |
| Financial income | 75/76B | €1,923 | €9 | -€1,914 | -99.5% |
| Recurring financial income | 75 | €1,923 | €9 | -€1,914 | -99.5% |
| Financial charges | 65/66B | €1,602 | €1,487 | -€115 | -7.2% |
| Recurring financial charges | 65 | €1,602 | €1,487 | -€115 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €213,842 | €229,429 | +€15,586 | +7.3% |
| Income taxes | 67/77 | €51,129 | €55,565 | +€4,436 | +8.7% |
| Profit (loss) for the period | 9904 | €162,713 | €173,863 | +€11,150 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,713 | €173,863 | +€11,150 | +6.9% |
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 21 October 2026 via checked.be.