ALCOVIL: 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
ALCOVIL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €2.6m+€80,134
Equity
€26.1m
2024 · €26.4m-€364,804
Cash
€3.3m
2024 · €8.6m-€5.3m
Balance sheet total
€30.4m
2024 · €36.2m-€5.8m
Largest movements
Assets
- Cash -€5.3m
down €5.3m (-62.0%), from €8.6m to €3.3m
mainly Other debts (-€5.6m) and Contributions, distributions and other (-€3.0m)
- Tangible fixed assets -€919,778
down €919,778 (-3.4%), from €27.2m to €26.3m
of which Land and buildings: -€919,712
Equity and liabilities
- Other debts -€5.6m
down €5.6m (-64.9%), from €8.6m to €3.0m
- Accrued charges and deferred income +€769,668
new in 2025: €769,668
- Trade debts -€655,898
down €655,898 (-65.9%), from €995,048 to €339,151
- Profit (loss) carried forward -€496,564
down €496,564 (-33.2%), from €1.5m to €1.0m
Income statement
- Turnover -€6.9m
no longer reported in 2025 (was €6.9m)
- Gross operating margin +€6.7m
new in 2025: €6.7m
- Services and other goods -€3.0m
no longer reported in 2025 (was €3.0m)
- Other operating income -€2.5m
no longer reported in 2025 (was €2.5m)
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
€2.6m
Turnover
-€6.9m
Other operating income
-€2.5m
Services and other goods
+€3.0m
Depreciation
-€61,724
Other operating charges
-€59,115
Other operating items
+€6.7m
Financial income
-€28,771
Financial charges
-€589
Taxes
-€24,761
Result 2025
€2.6m
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
-€1.3m
Investment
-€1.0m
Financing
-€3.0m
Cash 2024
€8.6m
From operations (derived)
-€1.3m
Net result for the year
+€2.6m
Depreciation
+€1.9m
Receivables within one year
-€266,776
Deferred charges and accrued income
-€164,410
Trade debts
-€655,898
Tax, wage and social debts
+€35,811
Other debts
-€5.6m
Accrued charges and deferred income
+€769,668
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€3.0m
Contributions, distributions and other
-€3.0m
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,223,088 | €30,394,431 | -€5.8m | -16.1% |
| Fixed assets | 21/28 | €27,226,547 | €26,306,769 | -€919,778 | -3.4% |
| Tangible fixed assets | 22/27 | €27,226,547 | €26,306,769 | -€919,778 | -3.4% |
| Land and buildings | 22 | €27,226,481 | €26,306,769 | -€919,712 | -3.4% |
| Plant, machinery and equipment | 23 | €66 | €0 | -€66 | -100% |
| Current assets | 29/58 | €8,996,541 | €4,087,661 | -€4.9m | -54.6% |
| Amounts receivable within one year | 40/41 | €383,327 | €650,104 | +€266,776 | +69.6% |
| Trade receivables | 40 | €352,407 | €576,132 | +€223,725 | +63.5% |
| Other amounts receivable | 41 | €30,921 | €73,971 | +€43,051 | +139% |
| Cash at bank and in hand | 54/58 | €8,613,213 | €3,273,148 | -€5.3m | -62.0% |
| Deferred charges and accrued income | 490/1 | - | €164,410 | +€164,410 | |
| Total equity and liabilities | 10/49 | €36,223,088 | €30,394,431 | -€5.8m | -16.1% |
| Equity | 10/15 | €26,443,223 | €26,078,419 | -€364,804 | -1.4% |
| Contributions | 10/11 | €20,930,542 | €20,930,542 | = | 0.0% |
| Capital | 10 | €20,930,542 | €20,930,542 | = | 0.0% |
| Issued capital | 100 | €20,930,542 | €20,930,542 | = | 0.0% |
| Reserves | 13 | €4,015,914 | €4,147,674 | +€131,760 | +3.3% |
| Non-distributable reserves | 130/1 | €1,049,487 | €1,181,246 | +€131,760 | +12.6% |
| Legal reserve | 130 | €550,290 | €682,050 | +€131,760 | +23.9% |
| Other | 1319 | €499,197 | €499,197 | = | 0.0% |
| Distributable reserves | 133 | €2,966,428 | €2,966,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,496,767 | €1,000,203 | -€496,564 | -33.2% |
| Amounts payable | 17/49 | €9,779,864 | €4,316,012 | -€5.5m | -55.9% |
| Amounts payable within one year | 42/48 | €9,779,864 | €3,546,343 | -€6.2m | -63.7% |
| Trade debts | 44 | €995,048 | €339,151 | -€655,898 | -65.9% |
| Suppliers | 440/4 | €995,048 | €339,151 | -€655,898 | -65.9% |
| Taxes, remuneration and social security | 45 | €140,493 | €176,304 | +€35,811 | +25.5% |
| Taxes | 450/3 | €140,493 | €176,304 | +€35,811 | +25.5% |
| Other amounts payable | 47/48 | €8,644,323 | €3,030,889 | -€5.6m | -64.9% |
| Accrued charges and deferred income | 492/3 | - | €769,668 | +€769,668 | |
| Operating income | 70/76A | €9,447,151 | - | -€9.4m | |
| Turnover | 70 | €6,927,637 | - | -€6.9m | |
| Other operating income | 74 | €2,519,514 | - | -€2.5m | |
| Operating charges | 60/66A | €6,066,655 | - | -€6.1m | |
| Services and other goods | 61 | €2,977,712 | - | -€3.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,880,140 | €1,941,864 | +€61,724 | +3.3% |
| Other operating charges | 640/8 | €1,208,803 | €1,267,918 | +€59,115 | +4.9% |
| Gross operating margin | 9900 | - | €6,724,532 | +€6.7m | |
| Operating profit (loss) | 9901 | €3,380,496 | €3,514,751 | +€134,254 | +4.0% |
| Financial income | 75/76B | €28,771 | €0 | -€28,771 | -100.0% |
| Recurring financial income | 75 | €28,771 | €0 | -€28,771 | -100.0% |
| Income from current assets | 751 | €28,756 | - | -€28,756 | |
| Other financial income | 752/9 | €15 | - | -€15 | |
| Financial charges | 65/66B | €248 | €836 | +€589 | +238% |
| Recurring financial charges | 65 | €248 | €836 | +€589 | +238% |
| Other financial charges | 652/9 | €248 | - | -€248 | |
| Profit (loss) for the period before taxes | 9903 | €3,409,020 | €3,513,914 | +€104,895 | +3.1% |
| Income taxes | 67/77 | €853,958 | €878,718 | +€24,761 | +2.9% |
| Taxes | 670/3 | €853,958 | - | -€853,958 | |
| Profit (loss) for the period | 9904 | €2,555,062 | €2,635,196 | +€80,134 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,555,062 | €2,635,196 | +€80,134 | +3.1% |
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 23 October 2026 via checked.be.