Alaska Brussel: 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.
Alaska Brussel
Largest movements
- Cash -€29,481
down €29,481 (-12.3%), from €240,508 to €211,027
mainly Other debts (-€40,918) and Contributions, distributions and other (-€36,413)
- Receivables within one year +€18,317
up €18,317 (+9.8%), from €187,791 to €206,108
of which Trade receivables: +€38,909
- Other debts -€40,918
down €40,918 (-41.9%), from €97,704 to €56,787
- Reserves +€34,462
up €34,462 (+32.2%), from €107,022 to €141,484
of which Distributable reserves: +€36,322
- Trade debts +€22,894
up €22,894 (+14.4%), from €158,726 to €181,620
- Debts after one year -€13,942
down €13,942 (-53.2%), from €26,191 to €12,250
- Tax, wage and social debts -€9,532
down €9,532 (-18.0%), from €53,002 to €43,470
of which Remuneration and social security: -€9,317
- Gross operating margin +€32,873
up €32,873 (+10.7%), from €307,308 to €340,181
- Taxes +€9,981
up €9,981 (+54.6%), from €18,291 to €28,273
- Staff costs -€5,826
down €5,826 (-2.6%), from €224,383 to €218,557
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 | €488,975 | €481,994 | -€6,981 | -1.4% |
| Fixed assets | 21/28 | €43,687 | €43,537 | -€150 | -0.3% |
| Tangible fixed assets | 22/27 | €43,572 | €43,537 | -€35 | -0.1% |
| Plant, machinery and equipment | 23 | €1,797 | €16,669 | +€14,872 | +828% |
| Furniture and vehicles | 24 | €41,276 | €26,443 | -€14,832 | -35.9% |
| Other tangible fixed assets | 26 | €500 | €425 | -€75 | -15.0% |
| Financial fixed assets | 28 | €115 | €0 | -€115 | -100% |
| Current assets | 29/58 | €445,288 | €438,457 | -€6,831 | -1.5% |
| Amounts receivable within one year | 40/41 | €187,791 | €206,108 | +€18,317 | +9.8% |
| Trade receivables | 40 | €166,808 | €205,717 | +€38,909 | +23.3% |
| Other amounts receivable | 41 | €20,983 | €391 | -€20,592 | -98.1% |
| Cash at bank and in hand | 54/58 | €240,508 | €211,027 | -€29,481 | -12.3% |
| Deferred charges and accrued income | 490/1 | €16,989 | €21,322 | +€4,333 | +25.5% |
| Total equity and liabilities | 10/49 | €488,975 | €481,994 | -€6,981 | -1.4% |
| Equity | 10/15 | €125,622 | €160,084 | +€34,462 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,022 | €141,484 | +€34,462 | +32.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €105,162 | €141,484 | +€36,322 | +34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €363,353 | €321,910 | -€41,443 | -11.4% |
| Amounts payable after more than one year | 17 | €26,191 | €12,250 | -€13,942 | -53.2% |
| Financial debts | 170/4 | €26,191 | €12,250 | -€13,942 | -53.2% |
| Amounts payable within one year | 42/48 | €334,421 | €309,661 | -€24,761 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €13,435 | €13,942 | +€507 | +3.8% |
| Financial debts | 43 | €6,251 | €8,411 | +€2,161 | +34.6% |
| Credit institutions | 430/8 | €6,251 | €8,411 | +€2,161 | +34.6% |
| Trade debts | 44 | €158,726 | €181,620 | +€22,894 | +14.4% |
| Suppliers | 440/4 | €158,726 | €181,620 | +€22,894 | +14.4% |
| Advances received on contracts in progress | 46 | €5,303 | €5,430 | +€128 | +2.4% |
| Taxes, remuneration and social security | 45 | €53,002 | €43,470 | -€9,532 | -18.0% |
| Taxes | 450/3 | €22,026 | €21,811 | -€215 | -1.0% |
| Remuneration and social security | 454/9 | €30,977 | €21,660 | -€9,317 | -30.1% |
| Other amounts payable | 47/48 | €97,704 | €56,787 | -€40,918 | -41.9% |
| Accrued charges and deferred income | 492/3 | €2,741 | €0 | -€2,741 | -100% |
| Non-recurring operating income | 76A | - | €2,348 | +€2,348 | |
| Remuneration, social security and pensions | 62 | €224,383 | €218,557 | -€5,826 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,586 | €17,315 | +€730 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €877 | €1,395 | +€518 | +59.1% |
| Non-recurring operating charges | 66A | €3,579 | €0 | -€3,579 | -100% |
| Gross operating margin | 9900 | €307,308 | €340,181 | +€32,873 | +10.7% |
| Operating profit (loss) | 9901 | €61,883 | €102,914 | +€41,031 | +66.3% |
| Financial income | 75/76B | €98 | €69 | -€29 | -29.5% |
| Recurring financial income | 75 | €98 | €69 | -€29 | -29.5% |
| Financial charges | 65/66B | €4,936 | €3,836 | -€1,100 | -22.3% |
| Recurring financial charges | 65 | €4,936 | €3,836 | -€1,100 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €57,045 | €99,147 | +€42,102 | +73.8% |
| Income taxes | 67/77 | €18,291 | €28,273 | +€9,981 | +54.6% |
| Profit (loss) for the period | 9904 | €38,754 | €70,874 | +€32,120 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,754 | €70,874 | +€32,120 | +82.9% |
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 24 October 2026 via checked.be.