ALCYCO: 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.
ALCYCO
Largest movements
- Tangible fixed assets -€45,707
down €45,707 (-6.9%), from €658,589 to €612,882
of which Plant, machinery and equipment: -€40,467
- Other debts -€980,331
down €980,331 (-96.2%), from €1.0m to €39,001
- Debts after one year +€971,382
new in 2025: €971,382
- Profit (loss) carried forward -€53,581
down €53,581 (-5.9%), from €915,657 to €862,076
- Gross operating margin +€9,449
up €9,449 (+76.8%), from €12,311 to €21,760
- Other operating charges +€1,355
up €1,355 (+37.7%), from €3,590 to €4,944
- Depreciation -€337
down €337 (-0.5%), from €70,095 to €69,758
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 | €1,944,566 | €1,880,867 | -€63,699 | -3.3% |
| Fixed assets | 21/28 | €1,904,004 | €1,858,297 | -€45,707 | -2.4% |
| Tangible fixed assets | 22/27 | €658,589 | €612,882 | -€45,707 | -6.9% |
| Land and buildings | 22 | €334,072 | €305,773 | -€28,299 | -8.5% |
| Plant, machinery and equipment | 23 | €298,199 | €257,732 | -€40,467 | -13.6% |
| Furniture and vehicles | 24 | €19,879 | €19,432 | -€447 | -2.2% |
| Other tangible fixed assets | 26 | €6,438 | €5,893 | -€545 | -8.5% |
| Assets under construction and advance payments | 27 | - | €24,051 | +€24,051 | |
| Financial fixed assets | 28 | €1,245,416 | €1,245,416 | = | 0.0% |
| Current assets | 29/58 | €40,562 | €22,570 | -€17,992 | -44.4% |
| Amounts receivable within one year | 40/41 | - | €805 | +€805 | |
| Other amounts receivable | 41 | - | €805 | +€805 | |
| Cash at bank and in hand | 54/58 | €40,497 | €21,765 | -€18,732 | -46.3% |
| Deferred charges and accrued income | 490/1 | €65 | - | -€65 | |
| Total equity and liabilities | 10/49 | €1,944,566 | €1,880,867 | -€63,699 | -3.3% |
| Equity | 10/15 | €923,716 | €870,135 | -€53,581 | -5.8% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €915,657 | €862,076 | -€53,581 | -5.9% |
| Amounts payable | 17/49 | €1,020,850 | €1,010,732 | -€10,118 | -1.0% |
| Amounts payable after more than one year | 17 | - | €971,382 | +€971,382 | |
| Other amounts payable | 178/9 | - | €971,382 | +€971,382 | |
| Amounts payable within one year | 42/48 | €1,020,850 | €39,350 | -€981,501 | -96.1% |
| Trade debts | 44 | €1,518 | €349 | -€1,170 | -77.0% |
| Suppliers | 440/4 | €1,518 | €349 | -€1,170 | -77.0% |
| Other amounts payable | 47/48 | €1,019,332 | €39,001 | -€980,331 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,095 | €69,758 | -€337 | -0.5% |
| Other operating charges | 640/8 | €3,590 | €4,944 | +€1,355 | +37.7% |
| Gross operating margin | 9900 | €12,311 | €21,760 | +€9,449 | +76.8% |
| Operating profit (loss) | 9901 | -€61,374 | -€52,943 | +€8,431 | +13.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €679 | €638 | -€41 | -6.0% |
| Recurring financial charges | 65 | €679 | €638 | -€41 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€62,052 | -€53,581 | +€8,472 | +13.7% |
| Profit (loss) for the period | 9904 | -€62,052 | -€53,581 | +€8,472 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,052 | -€53,581 | +€8,472 | +13.7% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.