ALKE: 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.
ALKE
Largest movements
- Tangible fixed assets +€59,666
up €59,666 (+806.0%), from €7,402 to €67,068
of which Furniture and vehicles: +€60,631
- Current investments +€50,000
up €50,000 (+142.9%), from €35,001 to €85,001
- Cash -€46,310
down €46,310 (-49.6%), from €93,412 to €47,102
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€64,164)
- Receivables within one year +€6,282
up €6,282 (+22.6%), from €27,784 to €34,066
of which Trade receivables: +€4,870
- Deferred charges and accrued income -€2,847
down €2,847 (-16.7%), from €17,007 to €14,161
- Other debts +€70,286
up €70,286 (+109292.8%), from €64 to €70,351
- Trade debts -€19,248
down €19,248 (-74.4%), from €25,869 to €6,621
- Reserves +€9,537
up €9,537 (+7.0%), from €136,658 to €146,195
- Tax, wage and social debts +€6,714
up €6,714 (+35.7%), from €18,782 to €25,496
of which Taxes: +€6,714
- Staff costs -€138,709
down €138,709 (-100.0%), from €138,709 to €0
- Gross operating margin -€74,108
down €74,108 (-37.9%), from €195,298 to €121,190
- Taxes +€16,505
up €16,505 (+107.6%), from €15,334 to €31,839
- Provisions +€2,781
up €2,781 (+87.8%), from -€3,169 to -€387
- Other operating charges +€2,016
up €2,016 (+442.3%), from €456 to €2,471
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 | €181,876 | €248,762 | +€66,886 | +36.8% |
| Fixed assets | 21/28 | €8,672 | €68,433 | +€59,761 | +689.1% |
| Tangible fixed assets | 22/27 | €7,402 | €67,068 | +€59,666 | +806.0% |
| Plant, machinery and equipment | 23 | €2,801 | €1,836 | -€965 | -34.5% |
| Furniture and vehicles | 24 | €4,602 | €65,232 | +€60,631 | +1317.6% |
| Financial fixed assets | 28 | €1,270 | €1,365 | +€95 | +7.5% |
| Current assets | 29/58 | €173,204 | €180,329 | +€7,125 | +4.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €27,784 | €34,066 | +€6,282 | +22.6% |
| Trade receivables | 40 | €20,757 | €25,627 | +€4,870 | +23.5% |
| Other amounts receivable | 41 | €7,026 | €8,438 | +€1,412 | +20.1% |
| Current investments | 50/53 | €35,001 | €85,001 | +€50,000 | +142.9% |
| Cash at bank and in hand | 54/58 | €93,412 | €47,102 | -€46,310 | -49.6% |
| Deferred charges and accrued income | 490/1 | €17,007 | €14,161 | -€2,847 | -16.7% |
| Total equity and liabilities | 10/49 | €181,876 | €248,762 | +€66,886 | +36.8% |
| Equity | 10/15 | €136,758 | €146,295 | +€9,537 | +7.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €136,658 | €146,195 | +€9,537 | +7.0% |
| Distributable reserves | 133 | €136,658 | €146,195 | +€9,537 | +7.0% |
| Provisions and deferred taxes | 16 | €387 | €0 | -€387 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €387 | €0 | -€387 | -100.0% |
| Pensions and similar obligations | 160 | €387 | €0 | -€387 | -100.0% |
| Amounts payable | 17/49 | €44,732 | €102,467 | +€57,736 | +129.1% |
| Amounts payable within one year | 42/48 | €44,715 | €102,467 | +€57,752 | +129.2% |
| Trade debts | 44 | €25,869 | €6,621 | -€19,248 | -74.4% |
| Suppliers | 440/4 | €25,869 | €6,621 | -€19,248 | -74.4% |
| Taxes, remuneration and social security | 45 | €18,782 | €25,496 | +€6,714 | +35.7% |
| Taxes | 450/3 | €18,782 | €25,496 | +€6,714 | +35.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €64 | €70,351 | +€70,286 | +109292.8% |
| Accrued charges and deferred income | 492/3 | €17 | €0 | -€17 | -100.0% |
| Remuneration, social security and pensions | 62 | €138,709 | €0 | -€138,709 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €4,403 | +€1,637 | +59.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,169 | -€387 | +€2,781 | +87.8% |
| Other operating charges | 640/8 | €456 | €2,471 | +€2,016 | +442.3% |
| Gross operating margin | 9900 | €195,298 | €121,190 | -€74,108 | -37.9% |
| Operating profit (loss) | 9901 | €56,537 | €114,703 | +€58,166 | +102.9% |
| Financial income | 75/76B | €344 | €140 | -€204 | -59.2% |
| Recurring financial income | 75 | €344 | €140 | -€204 | -59.2% |
| Financial charges | 65/66B | €3,760 | €3,467 | -€293 | -7.8% |
| Recurring financial charges | 65 | €3,760 | €3,467 | -€293 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €53,121 | €111,376 | +€58,255 | +109.7% |
| Income taxes | 67/77 | €15,334 | €31,839 | +€16,505 | +107.6% |
| Profit (loss) for the period | 9904 | €37,786 | €79,537 | +€41,751 | +110.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,786 | €79,537 | +€41,751 | +110.5% |
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 8 October 2026 via checked.be.