Alro FPC: 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.
Alro FPC
Largest movements
- Intangible fixed assets -€526,314
down €526,314 (-36.4%), from €1.4m to €921,049
- Cash +€137,152
up €137,152 (+206%), from €66,454 to €203,606
mainly Depreciation (+€621,226) and Net result for the year (+€360,344)
- Receivables within one year -€76,792
down €76,792 (-33.1%), from €231,935 to €155,143
of which Trade receivables: -€69,770
- Stocks and contracts -€73,336
down €73,336 (-33.7%), from €217,865 to €144,529
- Tangible fixed assets -€70,416
down €70,416 (-30.3%), from €232,721 to €162,305
of which Plant, machinery and equipment: -€69,547
- Debts after one year -€513,958
down €513,958 (-13.4%), from €3.8m to €3.3m
of which Financial debts: -€550,056
- Profit (loss) carried forward +€360,344
up €360,344 (+14.5%), from -€2.5m to -€2.1m
- Other debts -€347,122
down €347,122 (-53.9%), from €643,553 to €296,431
- Trade debts -€109,990
down €109,990 (-56.7%), from €193,822 to €83,832
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Goods and materials -€774,336
no longer reported in 2025 (was €774,336)
of which Purchases: -€658,670
- Financial income +€764,820
up €764,820 (+70,166,937%), from €1 to €764,821
of which Non-recurring financial income: +€764,821
- Services and other goods -€484,940
no longer reported in 2025 (was €484,940)
- Gross operating margin +€435,078
new in 2025: €435,078
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 | €2,196,338 | €1,586,632 | -€609,706 | -27.8% |
| Fixed assets | 21/28 | €1,680,084 | €1,083,354 | -€596,730 | -35.5% |
| Intangible fixed assets | 21 | €1,447,362 | €921,049 | -€526,314 | -36.4% |
| Tangible fixed assets | 22/27 | €232,721 | €162,305 | -€70,416 | -30.3% |
| Land and buildings | 22 | €7,723 | €6,912 | -€810 | -10.5% |
| Plant, machinery and equipment | 23 | €224,794 | €155,247 | -€69,547 | -30.9% |
| Furniture and vehicles | 24 | €204 | €146 | -€58 | -28.6% |
| Current assets | 29/58 | €516,254 | €503,278 | -€12,976 | -2.5% |
| Stocks and contracts in progress | 3 | €217,865 | €144,529 | -€73,336 | -33.7% |
| Stocks | 30/36 | €217,865 | €144,529 | -€73,336 | -33.7% |
| Raw materials and consumables | 30/31 | €217,865 | - | -€217,865 | |
| Amounts receivable within one year | 40/41 | €231,935 | €155,143 | -€76,792 | -33.1% |
| Trade receivables | 40 | €204,986 | €135,216 | -€69,770 | -34.0% |
| Other amounts receivable | 41 | €26,949 | €19,927 | -€7,022 | -26.1% |
| Cash at bank and in hand | 54/58 | €66,454 | €203,606 | +€137,152 | +206% |
| Total equity and liabilities | 10/49 | €2,196,338 | €1,586,632 | -€609,706 | -27.8% |
| Equity | 10/15 | -€2,475,041 | -€2,114,697 | +€360,344 | +14.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | -€2,485,041 | -€2,124,697 | +€360,344 | +14.5% |
| Amounts payable | 17/49 | €4,671,379 | €3,701,329 | -€970,050 | -20.8% |
| Amounts payable after more than one year | 17 | €3,831,795 | €3,317,836 | -€513,958 | -13.4% |
| Financial debts | 170/4 | €3,831,795 | €3,281,738 | -€550,056 | -14.4% |
| Subordinated loans | 170 | €3,831,795 | - | -€3.8m | |
| Trade debts | 175 | - | €35,744 | +€35,744 | |
| Other amounts payable | 178/9 | - | €354 | +€354 | |
| Amounts payable within one year | 42/48 | €837,375 | €380,617 | -€456,757 | -54.5% |
| Trade debts | 44 | €193,822 | €83,832 | -€109,990 | -56.7% |
| Suppliers | 440/4 | €193,822 | €83,832 | -€109,990 | -56.7% |
| Taxes, remuneration and social security | 45 | - | €354 | +€354 | |
| Remuneration and social security | 454/9 | - | €354 | +€354 | |
| Other amounts payable | 47/48 | €643,553 | €296,431 | -€347,122 | -53.9% |
| Accrued charges and deferred income | 492/3 | €2,209 | €2,875 | +€666 | +30.1% |
| Operating income | 70/76A | €1,297,550 | - | -€1.3m | |
| Turnover | 70 | €1,297,550 | - | -€1.3m | |
| Non-recurring operating income | 76A | - | €70,630 | +€70,630 | |
| Operating charges | 60/66A | €1,877,763 | - | -€1.9m | |
| Goods for resale, raw materials and consumables | 60 | €774,336 | - | -€774,336 | |
| Purchases | 600/8 | €658,670 | - | -€658,670 | |
| Change in stocks: decrease (increase) | 609 | €115,666 | - | -€115,666 | |
| Services and other goods | 61 | €484,940 | - | -€484,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618,424 | €621,226 | +€2,801 | +0.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | - | €435,078 | +€435,078 | |
| Operating profit (loss) | 9901 | -€580,213 | -€186,210 | +€394,003 | +67.9% |
| Financial income | 75/76B | €1 | €764,821 | +€764,820 | +70,166,937% |
| Recurring financial income | 75 | €1 | €764,821 | +€764,820 | +70,166,937% |
| Income from current assets | 751 | €1 | - | -€1 | |
| Non-recurring financial income | 76B | - | €764,821 | +€764,821 | |
| Financial charges | 65/66B | €218,931 | €218,267 | -€665 | -0.3% |
| Recurring financial charges | 65 | €218,931 | €218,267 | -€665 | -0.3% |
| Debt charges | 650 | €218,037 | - | -€218,037 | |
| Other financial charges | 652/9 | €894 | - | -€894 | |
| Profit (loss) for the period before taxes | 9903 | -€799,143 | €360,344 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€799,143 | €360,344 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€799,143 | €360,344 | +€1.2m |
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 1 November 2026 via checked.be.