ALKERO: 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.
ALKERO
Largest movements
- Receivables within one year +€29,221
up €29,221 (+131.4%), from €22,240 to €51,461
of which Trade receivables: +€28,854
- Cash +€13,642
up €13,642 (+7.1%), from €191,039 to €204,681
mainly Net result for the year (+€35,480) and Other debts (+€34,381)
- Tangible fixed assets -€4,169
down €4,169 (-4.0%), from €104,901 to €100,732
of which Land and buildings: -€5,175
- Other debts +€34,381
up €34,381 (+27.0%), from €127,189 to €161,569
- Reserves +€6,820
up €6,820 (+4.9%), from €138,670 to €145,490
of which Distributable reserves: +€6,820
- Gross operating margin +€5,803
up €5,803 (+9.6%), from €60,476 to €66,279
- Taxes +€1,494
up €1,494 (+11.8%), from €12,663 to €14,157
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 | €318,680 | €357,374 | +€38,694 | +12.1% |
| Fixed assets | 21/28 | €105,401 | €101,232 | -€4,169 | -4.0% |
| Tangible fixed assets | 22/27 | €104,901 | €100,732 | -€4,169 | -4.0% |
| Land and buildings | 22 | €102,878 | €97,703 | -€5,175 | -5.0% |
| Furniture and vehicles | 24 | €2,023 | €3,029 | +€1,006 | +49.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €213,279 | €256,142 | +€42,863 | +20.1% |
| Amounts receivable within one year | 40/41 | €22,240 | €51,461 | +€29,221 | +131.4% |
| Trade receivables | 40 | €21,808 | €50,662 | +€28,854 | +132.3% |
| Other amounts receivable | 41 | €432 | €799 | +€367 | +84.9% |
| Cash at bank and in hand | 54/58 | €191,039 | €204,681 | +€13,642 | +7.1% |
| Total equity and liabilities | 10/49 | €318,680 | €357,374 | +€38,694 | +12.1% |
| Equity | 10/15 | €159,589 | €166,419 | +€6,830 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,670 | €145,490 | +€6,820 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €136,810 | €143,630 | +€6,820 | +5.0% |
| Profit (loss) carried forward | 14 | €8,519 | €8,529 | +€10 | +0.1% |
| Amounts payable | 17/49 | €159,091 | €190,955 | +€31,864 | +20.0% |
| Amounts payable within one year | 42/48 | €159,091 | €190,955 | +€31,864 | +20.0% |
| Trade debts | 44 | €3,313 | €2,948 | -€366 | -11.0% |
| Suppliers | 440/4 | €3,313 | €2,948 | -€366 | -11.0% |
| Taxes, remuneration and social security | 45 | €28,589 | €26,438 | -€2,151 | -7.5% |
| Taxes | 450/3 | €28,589 | €26,438 | -€2,151 | -7.5% |
| Other amounts payable | 47/48 | €127,189 | €161,569 | +€34,381 | +27.0% |
| Non-recurring operating income | 76A | €885 | - | -€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,396 | €5,927 | +€531 | +9.8% |
| Other operating charges | 640/8 | €2,435 | €2,511 | +€76 | +3.1% |
| Gross operating margin | 9900 | €60,476 | €66,279 | +€5,803 | +9.6% |
| Operating profit (loss) | 9901 | €52,645 | €57,841 | +€5,195 | +9.9% |
| Financial income | 75/76B | €275 | €646 | +€371 | +135.0% |
| Recurring financial income | 75 | €275 | €646 | +€371 | +135.0% |
| Financial charges | 65/66B | €9,479 | €8,849 | -€630 | -6.6% |
| Recurring financial charges | 65 | €9,479 | €8,849 | -€630 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €43,441 | €49,637 | +€6,196 | +14.3% |
| Income taxes | 67/77 | €12,663 | €14,157 | +€1,494 | +11.8% |
| Profit (loss) for the period | 9904 | €30,777 | €35,480 | +€4,703 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,777 | €35,480 | +€4,703 | +15.3% |
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 6 October 2026 via checked.be.