ALKA: 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.
ALKA
Largest movements
- Tangible fixed assets -€60,802
down €60,802 (-28.2%), from €215,992 to €155,190
of which Other tangible fixed assets: -€51,526
- Cash -€18,084
down €18,084 (-32.9%), from €54,993 to €36,909
mainly Debts after one year (-€50,187) and Other debts (-€25,036)
- Stocks and contracts +€16,469
up €16,469 (+10.5%), from €157,324 to €173,793
- Deferred charges and accrued income -€6,627
down €6,627 (-44.5%), from €14,906 to €8,279
- Debts after one year -€50,187
down €50,187 (-50.5%), from €99,377 to €49,190
of which Trade debts: -€40,077
- Other debts -€25,036
down €25,036 (-53.6%), from €46,681 to €21,645
- Reserves +€11,442
up €11,442 (+4.5%), from €255,335 to €266,777
- Trade debts -€7,803
down €7,803 (-20.7%), from €37,620 to €29,817
- Gross operating margin -€49,603
down €49,603 (-13.1%), from €377,473 to €327,869
- Other operating charges +€29,942
up €29,942 (+932%), from €3,214 to €33,156
- Taxes -€13,744
down €13,744 (-71.1%), from €19,323 to €5,579
- Staff costs -€5,034
down €5,034 (-2.4%), from €210,188 to €205,154
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 | €518,826 | €450,793 | -€68,033 | -13.1% |
| Fixed assets | 21/28 | €216,882 | €156,110 | -€60,772 | -28.0% |
| Tangible fixed assets | 22/27 | €215,992 | €155,190 | -€60,802 | -28.2% |
| Plant, machinery and equipment | 23 | €23,658 | €14,382 | -€9,276 | -39.2% |
| Other tangible fixed assets | 26 | €192,334 | €140,807 | -€51,526 | -26.8% |
| Financial fixed assets | 28 | €891 | €921 | +€30 | +3.4% |
| Current assets | 29/58 | €301,943 | €294,683 | -€7,260 | -2.4% |
| Stocks and contracts in progress | 3 | €157,324 | €173,793 | +€16,469 | +10.5% |
| Stocks | 30/36 | €157,324 | €173,793 | +€16,469 | +10.5% |
| Amounts receivable within one year | 40/41 | €74,674 | €75,626 | +€952 | +1.3% |
| Trade receivables | 40 | €66,257 | €59,905 | -€6,352 | -9.6% |
| Other amounts receivable | 41 | €8,417 | €15,721 | +€7,304 | +86.8% |
| Current investments | 50/53 | €46 | €76 | +€30 | +65.4% |
| Cash at bank and in hand | 54/58 | €54,993 | €36,909 | -€18,084 | -32.9% |
| Deferred charges and accrued income | 490/1 | €14,906 | €8,279 | -€6,627 | -44.5% |
| Total equity and liabilities | 10/49 | €518,826 | €450,793 | -€68,033 | -13.1% |
| Equity | 10/15 | €305,335 | €316,777 | +€11,442 | +3.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €255,335 | €266,777 | +€11,442 | +4.5% |
| Distributable reserves | 133 | €255,335 | €266,777 | +€11,442 | +4.5% |
| Amounts payable | 17/49 | €213,491 | €134,016 | -€79,475 | -37.2% |
| Amounts payable after more than one year | 17 | €99,377 | €49,190 | -€50,187 | -50.5% |
| Financial debts | 170/4 | €27,983 | €17,873 | -€10,110 | -36.1% |
| Trade debts | 175 | €71,394 | €31,317 | -€40,077 | -56.1% |
| Amounts payable within one year | 42/48 | €114,113 | €84,826 | -€29,287 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €10,110 | +€286 | +2.9% |
| Trade debts | 44 | €37,620 | €29,817 | -€7,803 | -20.7% |
| Suppliers | 440/4 | €37,620 | €29,817 | -€7,803 | -20.7% |
| Taxes, remuneration and social security | 45 | €19,988 | €23,253 | +€3,265 | +16.3% |
| Taxes | 450/3 | - | €340 | +€340 | |
| Remuneration and social security | 454/9 | €19,988 | €22,913 | +€2,925 | +14.6% |
| Other amounts payable | 47/48 | €46,681 | €21,645 | -€25,036 | -53.6% |
| Remuneration, social security and pensions | 62 | €210,188 | €205,154 | -€5,034 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,850 | €66,359 | +€1,509 | +2.3% |
| Other operating charges | 640/8 | €3,214 | €33,156 | +€29,942 | +932% |
| Gross operating margin | 9900 | €377,473 | €327,869 | -€49,603 | -13.1% |
| Operating profit (loss) | 9901 | €99,220 | €23,200 | -€76,020 | -76.6% |
| Financial income | 75/76B | €6,073 | €4,006 | -€2,067 | -34.0% |
| Recurring financial income | 75 | €6,073 | €4,006 | -€2,067 | -34.0% |
| Financial charges | 65/66B | €10,003 | €10,184 | +€182 | +1.8% |
| Recurring financial charges | 65 | €10,003 | €10,184 | +€182 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €95,290 | €17,021 | -€78,269 | -82.1% |
| Income taxes | 67/77 | €19,323 | €5,579 | -€13,744 | -71.1% |
| Profit (loss) for the period | 9904 | €75,967 | €11,442 | -€64,525 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,967 | €11,442 | -€64,525 | -84.9% |
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 15 October 2026 via checked.be.