ALOCA: 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.
ALOCA
Largest movements
- Receivables within one year -€1.8m
down €1.8m (-43.9%), from €4.1m to €2.3m
of which Trade receivables: -€1.6m
- Cash +€1.3m
up €1.3m (+339.0%), from €384,725 to €1.7m
mainly Receivables within one year (+€1.8m) and Net result for the year (+€570,895)
- Tangible fixed assets -€69,347
down €69,347 (-7.9%), from €882,873 to €813,526
of which Land and buildings: -€71,458
- Advances received -€459,287
no longer reported in 2025 (was €459,287)
- Reserves +€370,000
up €370,000 (+14.6%), from €2.5m to €2.9m
of which Distributable reserves: +€370,000
- Trade debts -€268,222
down €268,222 (-18.4%), from €1.5m to €1.2m
- Other debts -€144,574
down €144,574 (-40.8%), from €353,994 to €209,420
- Debts after one year -€101,642
down €101,642 (-16.5%), from €616,310 to €514,668
- Staff costs +€73,578
up €73,578 (+5.5%), from €1.3m to €1.4m
- Gross operating margin +€49,309
up €49,309 (+2.3%), from €2.2m to €2.2m
- Financial income +€32,091
up €32,091 (+314929.2%), from €10 to €32,101
of which Non-recurring financial income: +€28,020
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 | €5,650,242 | €5,080,360 | -€569,881 | -10.1% |
| Fixed assets | 21/28 | €884,629 | €815,282 | -€69,347 | -7.8% |
| Tangible fixed assets | 22/27 | €882,873 | €813,526 | -€69,347 | -7.9% |
| Land and buildings | 22 | €882,873 | €811,415 | -€71,458 | -8.1% |
| Furniture and vehicles | 24 | - | €2,111 | +€2,111 | |
| Financial fixed assets | 28 | €1,756 | €1,756 | = | 0.0% |
| Current assets | 29/58 | €4,765,612 | €4,265,078 | -€500,534 | -10.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €95,000 | -€5,000 | -5.0% |
| Other amounts receivable | 291 | €100,000 | €95,000 | -€5,000 | -5.0% |
| Stocks and contracts in progress | 3 | €198,816 | €160,000 | -€38,816 | -19.5% |
| Stocks | 30/36 | €160,000 | €160,000 | = | 0.0% |
| Contracts in progress | 37 | €38,816 | - | -€38,816 | |
| Amounts receivable within one year | 40/41 | €4,051,474 | €2,273,449 | -€1.8m | -43.9% |
| Trade receivables | 40 | €3,248,789 | €1,672,833 | -€1.6m | -48.5% |
| Other amounts receivable | 41 | €802,684 | €600,616 | -€202,069 | -25.2% |
| Cash at bank and in hand | 54/58 | €384,725 | €1,689,068 | +€1.3m | +339.0% |
| Deferred charges and accrued income | 490/1 | €30,598 | €47,562 | +€16,964 | +55.4% |
| Total equity and liabilities | 10/49 | €5,650,242 | €5,080,360 | -€569,881 | -10.1% |
| Equity | 10/15 | €2,598,562 | €2,969,457 | +€370,895 | +14.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,536,860 | €2,906,860 | +€370,000 | +14.6% |
| Non-distributable reserves | 130/1 | €46,860 | €46,860 | = | 0.0% |
| Legal reserve | 130 | €46,860 | €46,860 | = | 0.0% |
| Distributable reserves | 133 | €2,490,000 | €2,860,000 | +€370,000 | +14.9% |
| Profit (loss) carried forward | 14 | €202 | €1,097 | +€895 | +443.3% |
| Amounts payable | 17/49 | €3,051,680 | €2,110,904 | -€940,776 | -30.8% |
| Amounts payable after more than one year | 17 | €616,310 | €514,668 | -€101,642 | -16.5% |
| Financial debts | 170/4 | €616,310 | €514,668 | -€101,642 | -16.5% |
| Amounts payable within one year | 42/48 | €2,435,369 | €1,595,885 | -€839,484 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €101,702 | €101,672 | -€30 | 0.0% |
| Trade debts | 44 | €1,457,733 | €1,189,511 | -€268,222 | -18.4% |
| Suppliers | 440/4 | €1,457,733 | €1,189,511 | -€268,222 | -18.4% |
| Advances received on contracts in progress | 46 | €459,287 | - | -€459,287 | |
| Taxes, remuneration and social security | 45 | €62,653 | €95,282 | +€32,628 | +52.1% |
| Taxes | 450/3 | €40,213 | €40,571 | +€359 | +0.9% |
| Remuneration and social security | 454/9 | €22,441 | €54,710 | +€32,270 | +143.8% |
| Other amounts payable | 47/48 | €353,994 | €209,420 | -€144,574 | -40.8% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Non-recurring operating income | 76A | €18,563 | €28,836 | +€10,274 | +55.3% |
| Remuneration, social security and pensions | 62 | €1,344,010 | €1,417,588 | +€73,578 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,386 | €87,695 | -€690 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,594 | +€3,594 | |
| Other operating charges | 640/8 | €18,273 | €15,055 | -€3,218 | -17.6% |
| Non-recurring operating charges | 66A | €8,411 | - | -€8,411 | |
| Gross operating margin | 9900 | €2,163,211 | €2,212,519 | +€49,309 | +2.3% |
| Operating profit (loss) | 9901 | €704,131 | €688,587 | -€15,544 | -2.2% |
| Financial income | 75/76B | €10 | €32,101 | +€32,091 | +314929.2% |
| Recurring financial income | 75 | €10 | €4,082 | +€4,072 | +39958.7% |
| Non-recurring financial income | 76B | - | €28,020 | +€28,020 | |
| Financial charges | 65/66B | €14,759 | €19,028 | +€4,269 | +28.9% |
| Recurring financial charges | 65 | €14,759 | €18,752 | +€3,993 | +27.1% |
| Non-recurring financial charges | 66B | - | €276 | +€276 | |
| Profit (loss) for the period before taxes | 9903 | €689,382 | €701,660 | +€12,278 | +1.8% |
| Income taxes | 67/77 | €140,214 | €130,765 | -€9,449 | -6.7% |
| Profit (loss) for the period | 9904 | €549,168 | €570,895 | +€21,727 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €549,168 | €570,895 | +€21,727 | +4.0% |
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 4 October 2026 via checked.be.