ALKJ Projects: 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.
ALKJ Projects
Largest movements
- Tangible fixed assets -€9,199
down €9,199 (-2.5%), from €375,388 to €366,189
of which Land and buildings: -€10,125
- Current investments -€9,068
down €9,068 (-10.4%), from €87,486 to €78,418
- Profit (loss) carried forward -€13,018
down €13,018 (-94.6%), from €13,760 to €742
- Financial income -€6,002
down €6,002 (-88.0%), from €6,819 to €816
- Financial charges -€2,620
down €2,620, from €1,751 to -€869
- Other operating charges +€854
up €854 (+11.8%), from €7,246 to €8,101
- Gross operating margin -€448
down €448 (-49.9%), from -€896 to -€1,344
- Depreciation +€345
up €345 (+3.4%), from €10,125 to €10,469
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 | €473,539 | €454,086 | -€19,453 | -4.1% |
| Fixed assets | 21/28 | €375,388 | €366,189 | -€9,199 | -2.5% |
| Tangible fixed assets | 22/27 | €375,388 | €366,189 | -€9,199 | -2.5% |
| Land and buildings | 22 | €375,388 | €365,263 | -€10,125 | -2.7% |
| Furniture and vehicles | 24 | - | €926 | +€926 | |
| Current assets | 29/58 | €98,152 | €87,897 | -€10,255 | -10.4% |
| Amounts receivable within one year | 40/41 | €5,723 | €4,448 | -€1,275 | -22.3% |
| Other amounts receivable | 41 | €5,723 | €4,448 | -€1,275 | -22.3% |
| Current investments | 50/53 | €87,486 | €78,418 | -€9,068 | -10.4% |
| Cash at bank and in hand | 54/58 | €4,943 | €4,379 | -€564 | -11.4% |
| Deferred charges and accrued income | 490/1 | - | €652 | +€652 | |
| Total equity and liabilities | 10/49 | €473,539 | €454,086 | -€19,453 | -4.1% |
| Equity | 10/15 | €421,343 | €404,303 | -€17,040 | -4.0% |
| Contributions | 10/11 | €19,288 | €19,288 | = | 0.0% |
| Reserves | 13 | €388,295 | €384,273 | -€4,022 | -1.0% |
| Tax-exempt reserves | 132 | €129,903 | €125,881 | -€4,022 | -3.1% |
| Distributable reserves | 133 | €258,392 | €258,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,760 | €742 | -€13,018 | -94.6% |
| Provisions and deferred taxes | 16 | €43,301 | €41,960 | -€1,341 | -3.1% |
| Deferred taxes | 168 | €43,301 | €41,960 | -€1,341 | -3.1% |
| Amounts payable | 17/49 | €8,895 | €7,822 | -€1,072 | -12.1% |
| Amounts payable after more than one year | 17 | €780 | €780 | = | 0.0% |
| Other amounts payable | 178/9 | €780 | €780 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,115 | €7,042 | -€1,072 | -13.2% |
| Trade debts | 44 | €1,837 | €1,079 | -€758 | -41.3% |
| Suppliers | 440/4 | €1,837 | €1,079 | -€758 | -41.3% |
| Advances received on contracts in progress | 46 | €206 | €206 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,736 | €2,027 | +€291 | +16.7% |
| Taxes | 450/3 | €1,736 | €2,027 | +€291 | +16.7% |
| Other amounts payable | 47/48 | €4,335 | €3,730 | -€605 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,125 | €10,469 | +€345 | +3.4% |
| Other operating charges | 640/8 | €7,246 | €8,101 | +€854 | +11.8% |
| Gross operating margin | 9900 | -€896 | -€1,344 | -€448 | -49.9% |
| Operating profit (loss) | 9901 | -€18,268 | -€19,914 | -€1,646 | -9.0% |
| Financial income | 75/76B | €6,819 | €816 | -€6,002 | -88.0% |
| Recurring financial income | 75 | €6,819 | €816 | -€6,002 | -88.0% |
| Financial charges | 65/66B | €1,751 | -€869 | -€2,620 | |
| Recurring financial charges | 65 | €1,751 | -€869 | -€2,620 | |
| Profit (loss) for the period before taxes | 9903 | -€13,200 | -€18,229 | -€5,029 | -38.1% |
| Transfer from deferred taxes | 780 | €1,341 | €1,341 | +€0 | 0.0% |
| Income taxes | 67/77 | €143 | €152 | +€9 | +6.4% |
| Profit (loss) for the period | 9904 | -€12,002 | -€17,040 | -€5,038 | -42.0% |
| Transfer from tax-exempt reserves | 789 | €4,022 | €4,022 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,980 | -€13,018 | -€5,038 | -63.1% |
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 4 October 2026 via checked.be.