ALKAR: 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.
ALKAR
Largest movements
- Receivables within one year +€109,772
up €109,772 (+80.1%), from €137,010 to €246,781
of which Trade receivables: +€140,971
- Current investments -€53,675
down €53,675 (-35.3%), from €152,234 to €98,559
- Stocks and contracts -€44,113
down €44,113 (-44.8%), from €98,547 to €54,433
- Cash +€14,612
up €14,612 (+5.3%), from €273,742 to €288,354
mainly Net result for the year (+€102,963) and Current investments (+€53,675)
- Other debts -€72,562
down €72,562 (-85.0%), from €85,336 to €12,774
- Reserves +€46,460
up €46,460 (+9.7%), from €480,250 to €526,710
of which Distributable reserves: +€46,460
- Tax, wage and social debts +€30,926
up €30,926 (+210.6%), from €14,687 to €45,613
of which Taxes: +€27,831
- Trade debts +€21,113
up €21,113 (+14.9%), from €141,509 to €162,622
- Gross operating margin +€143,757
up €143,757 (+28.5%), from €504,337 to €648,094
- Staff costs +€28,882
up €28,882 (+6.8%), from €421,834 to €450,715
- Taxes +€28,456
up €28,456 (+195.9%), from €14,528 to €42,984
- Depreciation +€14,300
up €14,300 (+43.8%), from €32,656 to €46,956
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 | €820,116 | €843,975 | +€23,859 | +2.9% |
| Fixed assets | 21/28 | €141,900 | €139,391 | -€2,509 | -1.8% |
| Tangible fixed assets | 22/27 | €141,659 | €139,150 | -€2,509 | -1.8% |
| Land and buildings | 22 | €46,281 | €37,230 | -€9,051 | -19.6% |
| Plant, machinery and equipment | 23 | €8,806 | €2,088 | -€6,717 | -76.3% |
| Furniture and vehicles | 24 | €86,572 | €99,831 | +€13,259 | +15.3% |
| Financial fixed assets | 28 | €241 | €241 | = | 0.0% |
| Current assets | 29/58 | €678,216 | €704,584 | +€26,368 | +3.9% |
| Stocks and contracts in progress | 3 | €98,547 | €54,433 | -€44,113 | -44.8% |
| Contracts in progress | 37 | €98,547 | €54,433 | -€44,113 | -44.8% |
| Amounts receivable within one year | 40/41 | €137,010 | €246,781 | +€109,772 | +80.1% |
| Trade receivables | 40 | €87,389 | €228,360 | +€140,971 | +161.3% |
| Other amounts receivable | 41 | €49,620 | €18,421 | -€31,199 | -62.9% |
| Current investments | 50/53 | €152,234 | €98,559 | -€53,675 | -35.3% |
| Cash at bank and in hand | 54/58 | €273,742 | €288,354 | +€14,612 | +5.3% |
| Deferred charges and accrued income | 490/1 | €16,684 | €16,456 | -€228 | -1.4% |
| Total equity and liabilities | 10/49 | €820,116 | €843,975 | +€23,859 | +2.9% |
| Equity | 10/15 | €489,622 | €536,085 | +€46,463 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €480,250 | €526,710 | +€46,460 | +9.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €478,391 | €524,851 | +€46,460 | +9.7% |
| Profit (loss) carried forward | 14 | €3,172 | €3,175 | +€3 | +0.1% |
| Amounts payable | 17/49 | €330,494 | €307,889 | -€22,604 | -6.8% |
| Amounts payable after more than one year | 17 | €59,129 | €59,997 | +€868 | +1.5% |
| Financial debts | 170/4 | €59,129 | €59,997 | +€868 | +1.5% |
| Amounts payable within one year | 42/48 | €271,365 | €247,893 | -€23,472 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €24,414 | €26,220 | +€1,806 | +7.4% |
| Financial debts | 43 | €5,419 | €664 | -€4,755 | -87.8% |
| Credit institutions | 430/8 | €5,419 | €664 | -€4,755 | -87.8% |
| Trade debts | 44 | €141,509 | €162,622 | +€21,113 | +14.9% |
| Suppliers | 440/4 | €141,509 | €162,622 | +€21,113 | +14.9% |
| Taxes, remuneration and social security | 45 | €14,687 | €45,613 | +€30,926 | +210.6% |
| Taxes | 450/3 | - | €27,831 | +€27,831 | |
| Remuneration and social security | 454/9 | €14,687 | €17,782 | +€3,095 | +21.1% |
| Other amounts payable | 47/48 | €85,336 | €12,774 | -€72,562 | -85.0% |
| Remuneration, social security and pensions | 62 | €421,834 | €450,715 | +€28,882 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,656 | €46,956 | +€14,300 | +43.8% |
| Other operating charges | 640/8 | €3,286 | €4,627 | +€1,341 | +40.8% |
| Gross operating margin | 9900 | €504,337 | €648,094 | +€143,757 | +28.5% |
| Operating profit (loss) | 9901 | €46,560 | €145,796 | +€99,235 | +213.1% |
| Financial income | 75/76B | €9,023 | €3,856 | -€5,167 | -57.3% |
| Recurring financial income | 75 | €9,023 | €3,856 | -€5,167 | -57.3% |
| Financial charges | 65/66B | €920 | €3,705 | +€2,785 | +302.9% |
| Recurring financial charges | 65 | €920 | €3,705 | +€2,785 | +302.9% |
| Profit (loss) for the period before taxes | 9903 | €54,664 | €145,947 | +€91,283 | +167.0% |
| Income taxes | 67/77 | €14,528 | €42,984 | +€28,456 | +195.9% |
| Profit (loss) for the period | 9904 | €40,136 | €102,963 | +€62,827 | +156.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,136 | €102,963 | +€62,827 | +156.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.