ALKAS IMMO: 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.
ALKAS IMMO
Largest movements
- Tangible fixed assets -€48,155
down €48,155 (-4.2%), from €1.2m to €1.1m
of which Land and buildings: -€39,571
- Cash +€32,662
up €32,662 (+189%), from €17,306 to €49,968
mainly Depreciation (+€49,607) and Net result for the year (+€41,166)
- Stocks and contracts +€14,313
new in 2025: €14,313
- Reserves +€41,166
up €41,166 (+15.4%), from €267,327 to €308,493
of which Distributable reserves: +€41,166
- Debts after one year -€33,032
down €33,032 (-11.8%), from €278,830 to €245,798
of which Financial debts: -€34,238
- Depreciation -€10,806
down €10,806 (-17.9%), from €60,413 to €49,607
- Other operating charges +€6,173
up €6,173 (+61.8%), from €9,994 to €16,167
- Gross operating margin -€1,842
down €1,842 (-1.4%), from €135,834 to €133,992
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 | €1,184,305 | €1,191,962 | +€7,657 | +0.6% |
| Fixed assets | 21/28 | €1,153,902 | €1,105,747 | -€48,155 | -4.2% |
| Tangible fixed assets | 22/27 | €1,153,852 | €1,105,697 | -€48,155 | -4.2% |
| Land and buildings | 22 | €1,091,381 | €1,051,811 | -€39,571 | -3.6% |
| Plant, machinery and equipment | 23 | €569 | €307 | -€263 | -46.2% |
| Furniture and vehicles | 24 | €12,406 | €8,326 | -€4,079 | -32.9% |
| Other tangible fixed assets | 26 | €49,496 | €45,253 | -€4,243 | -8.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,402 | €86,215 | +€55,812 | +184% |
| Stocks and contracts in progress | 3 | - | €14,313 | +€14,313 | |
| Stocks | 30/36 | - | €14,313 | +€14,313 | |
| Amounts receivable within one year | 40/41 | €5,910 | €15,653 | +€9,743 | +165% |
| Trade receivables | 40 | €5,542 | €5,143 | -€399 | -7.2% |
| Other amounts receivable | 41 | €368 | €10,510 | +€10,142 | +2,757% |
| Cash at bank and in hand | 54/58 | €17,306 | €49,968 | +€32,662 | +189% |
| Deferred charges and accrued income | 490/1 | €7,187 | €6,282 | -€905 | -12.6% |
| Total equity and liabilities | 10/49 | €1,184,305 | €1,191,962 | +€7,657 | +0.6% |
| Equity | 10/15 | €287,327 | €328,493 | +€41,166 | +14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €267,327 | €308,493 | +€41,166 | +15.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €267,327 | €308,493 | +€41,166 | +15.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €896,977 | €863,469 | -€33,509 | -3.7% |
| Amounts payable after more than one year | 17 | €278,830 | €245,798 | -€33,032 | -11.8% |
| Financial debts | 170/4 | €278,476 | €244,238 | -€34,238 | -12.3% |
| Other amounts payable | 178/9 | €354 | €1,560 | +€1,206 | +341% |
| Amounts payable within one year | 42/48 | €618,148 | €617,671 | -€477 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €45,697 | €34,238 | -€11,459 | -25.1% |
| Financial debts | 43 | €15,000 | €23,830 | +€8,830 | +58.9% |
| Credit institutions | 430/8 | €15,000 | €23,830 | +€8,830 | +58.9% |
| Trade debts | 44 | €12,694 | €11,665 | -€1,029 | -8.1% |
| Suppliers | 440/4 | €12,694 | €11,665 | -€1,029 | -8.1% |
| Advances received on contracts in progress | 46 | €30,000 | €27,000 | -€3,000 | -10.0% |
| Taxes, remuneration and social security | 45 | €5,563 | €4,114 | -€1,449 | -26.0% |
| Taxes | 450/3 | €5,563 | €1,455 | -€4,107 | -73.8% |
| Remuneration and social security | 454/9 | €0 | €2,658 | +€2,658 | |
| Other amounts payable | 47/48 | €509,195 | €516,824 | +€7,629 | +1.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,413 | €49,607 | -€10,806 | -17.9% |
| Other operating charges | 640/8 | €9,994 | €16,167 | +€6,173 | +61.8% |
| Gross operating margin | 9900 | €135,834 | €133,992 | -€1,842 | -1.4% |
| Operating profit (loss) | 9901 | €65,426 | €68,217 | +€2,791 | +4.3% |
| Financial income | 75/76B | €183 | €309 | +€125 | +68.5% |
| Recurring financial income | 75 | €183 | €309 | +€125 | +68.5% |
| Financial charges | 65/66B | €8,062 | €7,680 | -€382 | -4.7% |
| Recurring financial charges | 65 | €8,062 | €7,680 | -€382 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €57,547 | €60,846 | +€3,299 | +5.7% |
| Income taxes | 67/77 | €20,618 | €19,680 | -€937 | -4.5% |
| Profit (loss) for the period | 9904 | €36,930 | €41,166 | +€4,236 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,930 | €41,166 | +€4,236 | +11.5% |
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 15 October 2026 via checked.be.