ALNARECA: 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.
ALNARECA
Largest movements
- Cash -€6,295
down €6,295 (-45.0%), from €14,003 to €7,708
mainly Trade debts (-€7,422) and Deferred charges and accrued income (-€1,590)
- Deferred charges and accrued income +€1,590
up €1,590 (+171.7%), from €926 to €2,516
- Tangible fixed assets -€1,567
down €1,567 (-24.5%), from €6,404 to €4,837
of which Plant, machinery and equipment: -€1,475
- Receivables within one year -€1,202
down €1,202 (-25.5%), from €4,708 to €3,506
of which Other amounts receivable: -€3,812
- Financial fixed assets -€360
down €360 (-54.5%), from €660 to €300
- Trade debts -€7,422
down €7,422 (-88.1%), from €8,427 to €1,005
- Other debts -€777
down €777 (-44.2%), from €1,756 to €979
- Tax, wage and social debts +€652
up €652 (+34.6%), from €1,887 to €2,539
of which Taxes: +€1,058
- Gross operating margin +€4,549
up €4,549, from -€817 to €3,732
- Financial charges -€213
down €213 (-55.8%), from €382 to €169
- Financial income -€102
no longer reported in 2025 (was €102)
- Depreciation -€99
down €99 (-3.8%), from €2,612 to €2,513
- Taxes -€79
down €79 (-25.5%), from €310 to €231
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 | €27,687 | €19,927 | -€7,760 | -28.0% |
| Fixed assets | 21/28 | €7,064 | €5,137 | -€1,927 | -27.3% |
| Tangible fixed assets | 22/27 | €6,404 | €4,837 | -€1,567 | -24.5% |
| Plant, machinery and equipment | 23 | €5,981 | €4,506 | -€1,475 | -24.7% |
| Furniture and vehicles | 24 | €423 | €331 | -€92 | -21.7% |
| Financial fixed assets | 28 | €660 | €300 | -€360 | -54.5% |
| Current assets | 29/58 | €20,623 | €14,790 | -€5,833 | -28.3% |
| Stocks and contracts in progress | 3 | €986 | €1,060 | +€74 | +7.5% |
| Stocks | 30/36 | €986 | €1,060 | +€74 | +7.5% |
| Amounts receivable within one year | 40/41 | €4,708 | €3,506 | -€1,202 | -25.5% |
| Trade receivables | 40 | €896 | €3,506 | +€2,610 | +291.3% |
| Other amounts receivable | 41 | €3,812 | - | -€3,812 | |
| Cash at bank and in hand | 54/58 | €14,003 | €7,708 | -€6,295 | -45.0% |
| Deferred charges and accrued income | 490/1 | €926 | €2,516 | +€1,590 | +171.7% |
| Total equity and liabilities | 10/49 | €27,687 | €19,927 | -€7,760 | -28.0% |
| Equity | 10/15 | €15,617 | €15,404 | -€213 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,986 | €21,986 | = | 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% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €8,126 | €8,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,969 | -€25,182 | -€213 | -0.9% |
| Amounts payable | 17/49 | €12,070 | €4,523 | -€7,547 | -62.5% |
| Amounts payable within one year | 42/48 | €12,070 | €4,523 | -€7,547 | -62.5% |
| Trade debts | 44 | €8,427 | €1,005 | -€7,422 | -88.1% |
| Suppliers | 440/4 | €8,427 | €1,005 | -€7,422 | -88.1% |
| Taxes, remuneration and social security | 45 | €1,887 | €2,539 | +€652 | +34.6% |
| Taxes | 450/3 | €310 | €1,368 | +€1,058 | +341.3% |
| Remuneration and social security | 454/9 | €1,577 | €1,171 | -€406 | -25.7% |
| Other amounts payable | 47/48 | €1,756 | €979 | -€777 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,612 | €2,513 | -€99 | -3.8% |
| Other operating charges | 640/8 | €1,005 | €1,032 | +€27 | +2.7% |
| Gross operating margin | 9900 | -€817 | €3,732 | +€4,549 | |
| Operating profit (loss) | 9901 | -€4,434 | €187 | +€4,621 | |
| Financial income | 75/76B | €102 | - | -€102 | |
| Recurring financial income | 75 | €102 | - | -€102 | |
| Financial charges | 65/66B | €382 | €169 | -€213 | -55.8% |
| Recurring financial charges | 65 | €382 | €169 | -€213 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,714 | €18 | +€4,732 | |
| Income taxes | 67/77 | €310 | €231 | -€79 | -25.5% |
| Profit (loss) for the period | 9904 | -€5,024 | -€213 | +€4,811 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,024 | -€213 | +€4,811 | +95.8% |
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 8 October 2026 via checked.be.