ALKAM: 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.
ALKAM
Largest movements
- Tangible fixed assets +€59,797
up €59,797 (+32.5%), from €183,725 to €243,522
of which Plant, machinery and equipment: +€59,818
- Receivables within one year -€46,224
down €46,224 (-51.8%), from €89,209 to €42,985
of which Trade receivables: -€57,028
- Intangible fixed assets -€40,000
down €40,000 (-24.5%), from €163,068 to €123,068
- Other debts +€75,742
up €75,742 (+96560.0%), from €78 to €75,820
- Reserves -€37,874
down €37,874 (-15.4%), from €246,210 to €208,336
of which Distributable reserves: -€37,874
- Debts after one year -€34,244
down €34,244 (-29.4%), from €116,463 to €82,219
- Trade debts -€18,960
down €18,960 (-19.6%), from €96,979 to €78,020
- Current portion of long-term debt -€18,381
down €18,381 (-34.9%), from €52,625 to €34,244
- Staff costs +€61,763
up €61,763 (+35.2%), from €175,685 to €237,449
- Gross operating margin +€24,853
up €24,853 (+6.6%), from €378,596 to €403,449
- Taxes -€10,937
down €10,937 (-44.9%), from €24,384 to €13,446
- Depreciation +€9,442
up €9,442 (+9.6%), from €98,279 to €107,722
- Financial charges -€6,139
down €6,139 (-42.1%), from €14,598 to €8,458
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 | €593,209 | €566,060 | -€27,149 | -4.6% |
| Fixed assets | 21/28 | €346,794 | €366,591 | +€19,797 | +5.7% |
| Intangible fixed assets | 21 | €163,068 | €123,068 | -€40,000 | -24.5% |
| Tangible fixed assets | 22/27 | €183,725 | €243,522 | +€59,797 | +32.5% |
| Land and buildings | 22 | €0 | €2,924 | +€2,924 | |
| Plant, machinery and equipment | 23 | €169,386 | €229,204 | +€59,818 | +35.3% |
| Furniture and vehicles | 24 | €14,340 | €11,395 | -€2,945 | -20.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €246,415 | €199,469 | -€46,946 | -19.1% |
| Stocks and contracts in progress | 3 | €8,970 | €8,880 | -€90 | -1.0% |
| Stocks | 30/36 | €8,970 | €8,880 | -€90 | -1.0% |
| Amounts receivable within one year | 40/41 | €89,209 | €42,985 | -€46,224 | -51.8% |
| Trade receivables | 40 | €88,455 | €31,427 | -€57,028 | -64.5% |
| Other amounts receivable | 41 | €754 | €11,558 | +€10,804 | +1433.7% |
| Cash at bank and in hand | 54/58 | €144,577 | €144,527 | -€51 | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,659 | €3,078 | -€582 | -15.9% |
| Total equity and liabilities | 10/49 | €593,209 | €566,060 | -€27,149 | -4.6% |
| Equity | 10/15 | €321,550 | €283,676 | -€37,874 | -11.8% |
| Contributions | 10/11 | €75,340 | €75,340 | = | 0.0% |
| Reserves | 13 | €246,210 | €208,336 | -€37,874 | -15.4% |
| Tax-exempt reserves | 132 | €15,471 | €15,471 | = | 0.0% |
| Distributable reserves | 133 | €230,739 | €192,865 | -€37,874 | -16.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €271,659 | €282,384 | +€10,725 | +3.9% |
| Amounts payable after more than one year | 17 | €116,463 | €82,219 | -€34,244 | -29.4% |
| Financial debts | 170/4 | €116,463 | €82,219 | -€34,244 | -29.4% |
| Amounts payable within one year | 42/48 | €155,196 | €200,164 | +€44,969 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €52,625 | €34,244 | -€18,381 | -34.9% |
| Trade debts | 44 | €96,979 | €78,020 | -€18,960 | -19.6% |
| Suppliers | 440/4 | €96,979 | €78,020 | -€18,960 | -19.6% |
| Taxes, remuneration and social security | 45 | €5,513 | €12,081 | +€6,568 | +119.1% |
| Taxes | 450/3 | €5,513 | €12,081 | +€6,568 | +119.1% |
| Other amounts payable | 47/48 | €78 | €75,820 | +€75,742 | +96560.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €175,685 | €237,449 | +€61,763 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,279 | €107,722 | +€9,442 | +9.6% |
| Other operating charges | 640/8 | €2,565 | €2,261 | -€304 | -11.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €378,596 | €403,449 | +€24,853 | +6.6% |
| Operating profit (loss) | 9901 | €102,066 | €56,017 | -€46,049 | -45.1% |
| Financial income | 75/76B | €12 | €13 | +€1 | +6.7% |
| Recurring financial income | 75 | €12 | €13 | +€1 | +6.7% |
| Financial charges | 65/66B | €14,598 | €8,458 | -€6,139 | -42.1% |
| Recurring financial charges | 65 | €14,598 | €8,458 | -€6,139 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €87,481 | €47,572 | -€39,909 | -45.6% |
| Income taxes | 67/77 | €24,384 | €13,446 | -€10,937 | -44.9% |
| Profit (loss) for the period | 9904 | €63,097 | €34,126 | -€28,971 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,097 | €34,126 | -€28,971 | -45.9% |
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 10 October 2026 via checked.be.