ALCOTEC: 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.
ALCOTEC
Largest movements
- Cash +€45,148
up €45,148 (+1,348%), from €3,349 to €48,497
mainly Tax, wage and social debts (+€31,841) and Net result for the year (+€23,112)
- Receivables within one year +€41,406
up €41,406 (+44.4%), from €93,211 to €134,617
of which Trade receivables: +€30,668
- Tangible fixed assets -€15,020
down €15,020 (-6.6%), from €227,110 to €212,090
of which Land and buildings: -€13,411
- Stocks and contracts -€5,904
down €5,904 (-39.3%), from €15,017 to €9,113
- Tax, wage and social debts +€31,841
up €31,841 (+161%), from €19,732 to €51,573
of which Taxes: +€28,310
- Reserves +€20,149
up €20,149 (+52.7%), from €38,224 to €58,372
- Short-term financial debts +€17,278
up €17,278 (+28.7%), from €60,301 to €77,579
- Debts after one year -€12,474
down €12,474 (-7.1%), from €176,392 to €163,917
- Trade debts +€8,760
up €8,760 (+33.1%), from €26,437 to €35,197
- Gross operating margin +€70,679
up €70,679 (+188%), from €37,496 to €108,175
- Staff costs +€30,010
up €30,010 (+291%), from €10,314 to €40,325
- Taxes +€11,710
up €11,710 (+1,161%), from €1,009 to €12,719
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 | €340,228 | €406,113 | +€65,885 | +19.4% |
| Fixed assets | 21/28 | €227,150 | €212,130 | -€15,020 | -6.6% |
| Tangible fixed assets | 22/27 | €227,110 | €212,090 | -€15,020 | -6.6% |
| Land and buildings | 22 | €211,150 | €197,739 | -€13,411 | -6.4% |
| Plant, machinery and equipment | 23 | €7,396 | €4,731 | -€2,665 | -36.0% |
| Furniture and vehicles | 24 | €5,038 | €7,269 | +€2,232 | +44.3% |
| Other tangible fixed assets | 26 | €3,525 | €2,350 | -€1,175 | -33.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €113,078 | €193,983 | +€80,905 | +71.5% |
| Stocks and contracts in progress | 3 | €15,017 | €9,113 | -€5,904 | -39.3% |
| Stocks | 30/36 | €15,017 | €9,113 | -€5,904 | -39.3% |
| Amounts receivable within one year | 40/41 | €93,211 | €134,617 | +€41,406 | +44.4% |
| Trade receivables | 40 | €70,623 | €101,290 | +€30,668 | +43.4% |
| Other amounts receivable | 41 | €22,589 | €33,327 | +€10,739 | +47.5% |
| Cash at bank and in hand | 54/58 | €3,349 | €48,497 | +€45,148 | +1,348% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,756 | +€254 | +16.9% |
| Total equity and liabilities | 10/49 | €340,228 | €406,113 | +€65,885 | +19.4% |
| Equity | 10/15 | €42,260 | €65,372 | +€23,112 | +54.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €38,224 | €58,372 | +€20,149 | +52.7% |
| Distributable reserves | 133 | €38,224 | €58,372 | +€20,149 | +52.7% |
| Profit (loss) carried forward | 14 | -€2,963 | - | +€2,963 | |
| Amounts payable | 17/49 | €297,967 | €340,740 | +€42,773 | +14.4% |
| Amounts payable after more than one year | 17 | €176,392 | €163,917 | -€12,474 | -7.1% |
| Financial debts | 170/4 | €176,392 | €163,917 | -€12,474 | -7.1% |
| Amounts payable within one year | 42/48 | €118,588 | €176,823 | +€58,235 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €12,118 | €12,474 | +€356 | +2.9% |
| Financial debts | 43 | €60,301 | €77,579 | +€17,278 | +28.7% |
| Credit institutions | 430/8 | €60,301 | €77,579 | +€17,278 | +28.7% |
| Trade debts | 44 | €26,437 | €35,197 | +€8,760 | +33.1% |
| Suppliers | 440/4 | €26,437 | €35,197 | +€8,760 | +33.1% |
| Taxes, remuneration and social security | 45 | €19,732 | €51,573 | +€31,841 | +161% |
| Taxes | 450/3 | €17,381 | €45,690 | +€28,310 | +163% |
| Remuneration and social security | 454/9 | €2,351 | €5,883 | +€3,531 | +150% |
| Accrued charges and deferred income | 492/3 | €2,988 | - | -€2,988 | |
| Remuneration, social security and pensions | 62 | €10,314 | €40,325 | +€30,010 | +291% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,024 | €19,174 | +€151 | +0.8% |
| Other operating charges | 640/8 | €2,099 | €2,292 | +€193 | +9.2% |
| Non-recurring operating charges | 66A | €296 | - | -€296 | |
| Gross operating margin | 9900 | €37,496 | €108,175 | +€70,679 | +188% |
| Operating profit (loss) | 9901 | €5,763 | €46,384 | +€40,621 | +705% |
| Financial income | 75/76B | €5 | €0 | -€5 | -99.8% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.8% |
| Financial charges | 65/66B | €11,308 | €10,553 | -€755 | -6.7% |
| Recurring financial charges | 65 | €11,308 | €10,553 | -€755 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,540 | €35,831 | +€41,371 | |
| Income taxes | 67/77 | €1,009 | €12,719 | +€11,710 | +1,161% |
| Profit (loss) for the period | 9904 | -€6,549 | €23,112 | +€29,661 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,549 | €23,112 | +€29,661 |
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 17 October 2026 via checked.be.