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
- Cash -€72,487
down €72,487 (-28.0%), from €258,558 to €186,071
mainly Tax, wage and social debts (-€51,710) and Investment in fixed assets (net) (-€24,441)
- Receivables within one year +€18,910
up €18,910 (+12.4%), from €152,328 to €171,238
of which Trade receivables: +€25,901
- Stocks and contracts +€8,327
up €8,327 (+39.7%), from €21,000 to €29,327
- Tax, wage and social debts -€51,710
down €51,710 (-50.1%), from €103,287 to €51,577
of which Remuneration and social security: -€30,438
- Other debts -€22,126
no longer reported in 2025 (was €22,126)
- Trade debts +€15,635
up €15,635 (+69.5%), from €22,506 to €38,142
- Reserves +€11,619
up €11,619 (+5.8%), from €201,442 to €213,061
of which Distributable reserves: +€11,619
- Gross operating margin -€80,948
down €80,948 (-40.4%), from €200,423 to €119,475
- Taxes -€32,540
down €32,540 (-86.7%), from €37,547 to €5,007
- Staff costs +€6,075
up €6,075 (+11.1%), from €54,495 to €60,570
- Depreciation +€3,005
up €3,005 (+14.6%), from €20,633 to €23,639
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 | €512,353 | €465,771 | -€46,582 | -9.1% |
| Fixed assets | 21/28 | €71,305 | €72,107 | +€802 | +1.1% |
| Tangible fixed assets | 22/27 | €71,305 | €72,107 | +€802 | +1.1% |
| Land and buildings | 22 | €29,083 | €22,899 | -€6,184 | -21.3% |
| Plant, machinery and equipment | 23 | €18,867 | €32,520 | +€13,653 | +72.4% |
| Furniture and vehicles | 24 | €23,355 | €16,688 | -€6,667 | -28.5% |
| Current assets | 29/58 | €441,048 | €393,664 | -€47,384 | -10.7% |
| Stocks and contracts in progress | 3 | €21,000 | €29,327 | +€8,327 | +39.7% |
| Stocks | 30/36 | €21,000 | €29,327 | +€8,327 | +39.7% |
| Amounts receivable within one year | 40/41 | €152,328 | €171,238 | +€18,910 | +12.4% |
| Trade receivables | 40 | €47,892 | €73,793 | +€25,901 | +54.1% |
| Other amounts receivable | 41 | €104,436 | €97,445 | -€6,991 | -6.7% |
| Cash at bank and in hand | 54/58 | €258,558 | €186,071 | -€72,487 | -28.0% |
| Deferred charges and accrued income | 490/1 | €9,162 | €7,028 | -€2,134 | -23.3% |
| Total equity and liabilities | 10/49 | €512,353 | €465,771 | -€46,582 | -9.1% |
| Equity | 10/15 | €364,433 | €376,052 | +€11,619 | +3.2% |
| Reserves | 13 | €201,442 | €213,061 | +€11,619 | +5.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €199,442 | €211,061 | +€11,619 | +5.8% |
| Profit (loss) carried forward | 14 | €162,991 | €162,991 | = | 0.0% |
| Amounts payable | 17/49 | €147,920 | €89,719 | -€58,201 | -39.3% |
| Amounts payable within one year | 42/48 | €147,920 | €89,719 | -€58,201 | -39.3% |
| Trade debts | 44 | €22,506 | €38,142 | +€15,635 | +69.5% |
| Suppliers | 440/4 | €22,506 | €38,142 | +€15,635 | +69.5% |
| Taxes, remuneration and social security | 45 | €103,287 | €51,577 | -€51,710 | -50.1% |
| Taxes | 450/3 | €65,605 | €44,333 | -€21,272 | -32.4% |
| Remuneration and social security | 454/9 | €37,682 | €7,244 | -€30,438 | -80.8% |
| Other amounts payable | 47/48 | €22,126 | - | -€22,126 | |
| Remuneration, social security and pensions | 62 | €54,495 | €60,570 | +€6,075 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,633 | €23,639 | +€3,005 | +14.6% |
| Other operating charges | 640/8 | €5,676 | €7,162 | +€1,486 | +26.2% |
| Gross operating margin | 9900 | €200,423 | €119,475 | -€80,948 | -40.4% |
| Operating profit (loss) | 9901 | €119,618 | €28,105 | -€91,514 | -76.5% |
| Financial income | 75/76B | €4,484 | €5,266 | +€781 | +17.4% |
| Recurring financial income | 75 | €4,484 | €5,266 | +€781 | +17.4% |
| Financial charges | 65/66B | €17,114 | €16,744 | -€369 | -2.2% |
| Recurring financial charges | 65 | €17,114 | €16,744 | -€369 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €106,989 | €16,626 | -€90,363 | -84.5% |
| Income taxes | 67/77 | €37,547 | €5,007 | -€32,540 | -86.7% |
| Profit (loss) for the period | 9904 | €69,442 | €11,619 | -€57,823 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,442 | €11,619 | -€57,823 | -83.3% |
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 19 October 2026 via checked.be.