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Alka: 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.

What changed

Alka

BE 0448.056.262
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€50,659
2024 · €11,587-€62,247
Equity
-€169,372
2024 · -€118,713-€50,659
Cash
€67,849
2024 · €68,141-€292
Balance sheet total
€94,290
2024 · €142,277-€47,987

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€36,361

    down €36,361 (-76.3%), from €47,627 to €11,266

    of which Trade receivables: -€35,998

  • Tangible fixed assets -€11,215

    down €11,215 (-44.4%), from €25,253 to €14,038

    of which Plant, machinery and equipment: -€9,544

Equity and liabilities
  • Profit (loss) carried forward -€50,659

    down €50,659 (-28.0%), from -€181,042 to -€231,702

  • Other debts +€1,950

    up €1,950 (+0.8%), from €258,190 to €260,140

  • Tax, wage and social debts +€1,698

    up €1,698 (+866.9%), from €196 to €1,893

    of which Remuneration and social security: +€1,893

Income statement
  • Gross operating margin -€80,125

    down €80,125, from €59,020 to -€21,105

  • Depreciation -€17,295

    down €17,295 (-60.7%), from €28,510 to €11,215

  • Staff costs -€663

    down €663 (-23.9%), from €2,771 to €2,108

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €11,587
Gross operating margin -€80,125
Staff costs +€663
Depreciation +€17,295
Other operating charges -€148
Financial charges +€69
Result 2025 -€50,659

Cash bridge derived

cash 2024 to 2025

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.

From operations -€292
Investment €0
Financing €0
Cash 2024 €68,141
Net result for the year -€50,659
Depreciation +€11,215
Receivables within one year +€36,361
Deferred charges and accrued income +€119
Trade debts -€975
Tax, wage and social debts +€1,698
Other debts +€1,950
Cash 2025 €67,849
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €142,277 €94,290 -€47,987 -33.7%
Fixed assets 21/28 €25,599 €14,384 -€11,215 -43.8%
Tangible fixed assets 22/27 €25,253 €14,038 -€11,215 -44.4%
Land and buildings 22 €3,342 €1,671 -€1,671 -50.0%
Plant, machinery and equipment 23 €21,911 €12,367 -€9,544 -43.6%
Financial fixed assets 28 €346 €346 = 0.0%
Current assets 29/58 €116,678 €79,906 -€36,772 -31.5%
Amounts receivable within one year 40/41 €47,627 €11,266 -€36,361 -76.3%
Trade receivables 40 €46,225 €10,227 -€35,998 -77.9%
Other amounts receivable 41 €1,402 €1,038 -€364 -25.9%
Cash at bank and in hand 54/58 €68,141 €67,849 -€292 -0.4%
Deferred charges and accrued income 490/1 €910 €792 -€119 -13.0%
Total equity and liabilities 10/49 €142,277 €94,290 -€47,987 -33.7%
Equity 10/15 -€118,713 -€169,372 -€50,659 -42.7%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €37,329 €37,329 = 0.0%
Distributable reserves 133 €37,329 €37,329 = 0.0%
Profit (loss) carried forward 14 -€181,042 -€231,702 -€50,659 -28.0%
Amounts payable 17/49 €260,990 €263,662 +€2,672 +1.0%
Amounts payable within one year 42/48 €260,990 €263,662 +€2,672 +1.0%
Trade debts 44 €2,604 €1,629 -€975 -37.5%
Suppliers 440/4 €2,604 €1,629 -€975 -37.5%
Taxes, remuneration and social security 45 €196 €1,893 +€1,698 +866.9%
Taxes 450/3 €196 - -€196
Remuneration and social security 454/9 - €1,893 +€1,893
Other amounts payable 47/48 €258,190 €260,140 +€1,950 +0.8%
Remuneration, social security and pensions 62 €2,771 €2,108 -€663 -23.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €28,510 €11,215 -€17,295 -60.7%
Other operating charges 640/8 €15,955 €16,103 +€148 +0.9%
Gross operating margin 9900 €59,020 -€21,105 -€80,125
Operating profit (loss) 9901 €11,784 -€50,531 -€62,315
Financial charges 65/66B €197 €128 -€69 -34.8%
Recurring financial charges 65 €197 €128 -€69 -34.8%
Profit (loss) for the period before taxes 9903 €11,587 -€50,659 -€62,247
Profit (loss) for the period 9904 €11,587 -€50,659 -€62,247
Profit (loss) for the period to be appropriated 9905 €11,587 -€50,659 -€62,247

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 30 September 2026 via checked.be.