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.
Alka
Largest movements
- Stocks and contracts -€25,497
down €25,497 (-11.0%), from €231,381 to €205,884
- Tangible fixed assets +€18,053
up €18,053 (+99.6%), from €18,129 to €36,182
of which Plant, machinery and equipment: +€18,562
- Receivables within one year -€4,151
down €4,151 (-12.5%), from €33,076 to €28,926
of which Other amounts receivable: -€3,707
- Debts after one year -€30,548
down €30,548 (-17.6%), from €173,848 to €143,300
- Trade debts +€21,787
up €21,787 (+36.3%), from €60,054 to €81,841
- Reserves -€15,254
down €15,254 (-95.6%), from €15,950 to €696
- Tax, wage and social debts +€15,245
up €15,245 (+113.4%), from €13,444 to €28,689
of which Taxes: +€15,245
- Gross operating margin +€3,307
up €3,307 (+71.8%), from -€4,603 to -€1,296
- Write-downs +€3,084
up €3,084 (+69.7%), from -€4,426 to -€1,342
- Depreciation -€1,230
down €1,230 (-19.0%), from €6,466 to €5,236
- Financial charges +€608
up €608 (+15.3%), from €3,973 to €4,581
- Other operating charges +€207
up €207 (+3.9%), from €5,277 to €5,483
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.
Cash bridge derived
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 | €294,011 | €284,114 | -€9,896 | -3.4% |
| Formation expenses | 20 | €1,829 | €1,450 | -€379 | -20.7% |
| Fixed assets | 21/28 | €18,129 | €36,182 | +€18,053 | +99.6% |
| Tangible fixed assets | 22/27 | €18,129 | €36,182 | +€18,053 | +99.6% |
| Plant, machinery and equipment | 23 | €17,338 | €35,900 | +€18,562 | +107.1% |
| Furniture and vehicles | 24 | €791 | €282 | -€509 | -64.3% |
| Current assets | 29/58 | €274,053 | €246,482 | -€27,570 | -10.1% |
| Stocks and contracts in progress | 3 | €231,381 | €205,884 | -€25,497 | -11.0% |
| Stocks | 30/36 | €231,381 | €205,884 | -€25,497 | -11.0% |
| Amounts receivable within one year | 40/41 | €33,076 | €28,926 | -€4,151 | -12.5% |
| Trade receivables | 40 | €25,285 | €24,841 | -€444 | -1.8% |
| Other amounts receivable | 41 | €7,791 | €4,084 | -€3,707 | -47.6% |
| Cash at bank and in hand | 54/58 | €8,535 | €10,592 | +€2,057 | +24.1% |
| Deferred charges and accrued income | 490/1 | €1,060 | €1,080 | +€20 | +1.9% |
| Total equity and liabilities | 10/49 | €294,011 | €284,114 | -€9,896 | -3.4% |
| Equity | 10/15 | €20,950 | €5,696 | -€15,254 | -72.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,950 | €696 | -€15,254 | -95.6% |
| Distributable reserves | 133 | €15,950 | €696 | -€15,254 | -95.6% |
| Amounts payable | 17/49 | €273,061 | €278,418 | +€5,357 | +2.0% |
| Amounts payable after more than one year | 17 | €173,848 | €143,300 | -€30,548 | -17.6% |
| Financial debts | 170/4 | €173,848 | €143,300 | -€30,548 | -17.6% |
| Amounts payable within one year | 42/48 | €99,213 | €132,832 | +€33,619 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €11,298 | €10,548 | -€751 | -6.6% |
| Financial debts | 43 | €3,381 | €673 | -€2,708 | -80.1% |
| Credit institutions | 430/8 | €3,381 | €673 | -€2,708 | -80.1% |
| Trade debts | 44 | €60,054 | €81,841 | +€21,787 | +36.3% |
| Suppliers | 440/4 | €60,054 | €81,841 | +€21,787 | +36.3% |
| Taxes, remuneration and social security | 45 | €13,444 | €28,689 | +€15,245 | +113.4% |
| Taxes | 450/3 | €10,394 | €25,639 | +€15,245 | +146.7% |
| Remuneration and social security | 454/9 | €3,050 | €3,050 | = | 0.0% |
| Other amounts payable | 47/48 | €11,036 | €11,082 | +€46 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €2,286 | +€2,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,466 | €5,236 | -€1,230 | -19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,426 | -€1,342 | +€3,084 | +69.7% |
| Other operating charges | 640/8 | €5,277 | €5,483 | +€207 | +3.9% |
| Gross operating margin | 9900 | -€4,603 | -€1,296 | +€3,307 | +71.8% |
| Operating profit (loss) | 9901 | -€11,919 | -€10,673 | +€1,246 | +10.5% |
| Financial charges | 65/66B | €3,973 | €4,581 | +€608 | +15.3% |
| Recurring financial charges | 65 | €3,973 | €4,581 | +€608 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,892 | -€15,254 | +€638 | +4.0% |
| Profit (loss) for the period | 9904 | -€15,892 | -€15,254 | +€638 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,892 | -€15,254 | +€638 | +4.0% |
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 5 October 2026 via checked.be.