ALKO: 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.
ALKO
Largest movements
- Tangible fixed assets -€82,037
down €82,037 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€72,011
- Cash +€45,606
up €45,606 (+50.3%), from €90,585 to €136,191
mainly Depreciation (+€96,533) and Receivables within one year (+€36,000)
- Receivables within one year -€36,000
down €36,000 (-32.6%), from €110,289 to €74,289
of which Other amounts receivable: -€36,300
- Deferred charges and accrued income +€34,195
up €34,195 (+1019.6%), from €3,354 to €37,549
- Current portion of long-term debt -€50,794
no longer reported in 2025 (was €50,794)
- Tax, wage and social debts -€32,807
down €32,807 (-96.1%), from €34,151 to €1,343
of which Taxes: -€30,582
- Trade debts +€32,092
up €32,092 (+115.7%), from €27,732 to €59,824
- Profit (loss) carried forward +€29,062
up €29,062 (+3.3%), from €879,976 to €909,039
- Gross operating margin -€57,019
down €57,019 (-23.2%), from €246,118 to €189,099
- Taxes -€43,387
down €43,387 (-79.3%), from €54,685 to €11,298
- Financial charges -€5,003
down €5,003 (-29.1%), from €17,205 to €12,202
- Depreciation -€4,635
down €4,635 (-4.6%), from €101,168 to €96,533
- Other operating charges +€2,956
up €2,956 (+8.0%), from €37,049 to €40,005
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 | €1,690,063 | €1,651,828 | -€38,236 | -2.3% |
| Fixed assets | 21/28 | €1,485,835 | €1,403,798 | -€82,037 | -5.5% |
| Tangible fixed assets | 22/27 | €1,485,835 | €1,403,798 | -€82,037 | -5.5% |
| Land and buildings | 22 | €1,458,454 | €1,386,443 | -€72,011 | -4.9% |
| Plant, machinery and equipment | 23 | €1,765 | €787 | -€977 | -55.4% |
| Furniture and vehicles | 24 | €25,617 | €16,568 | -€9,049 | -35.3% |
| Current assets | 29/58 | €204,228 | €248,029 | +€43,802 | +21.4% |
| Amounts receivable within one year | 40/41 | €110,289 | €74,289 | -€36,000 | -32.6% |
| Trade receivables | 40 | €1,389 | €1,689 | +€300 | +21.6% |
| Other amounts receivable | 41 | €108,900 | €72,600 | -€36,300 | -33.3% |
| Cash at bank and in hand | 54/58 | €90,585 | €136,191 | +€45,606 | +50.3% |
| Deferred charges and accrued income | 490/1 | €3,354 | €37,549 | +€34,195 | +1019.6% |
| Total equity and liabilities | 10/49 | €1,690,063 | €1,651,828 | -€38,236 | -2.3% |
| Equity | 10/15 | €1,404,676 | €1,433,739 | +€29,062 | +2.1% |
| Contributions | 10/11 | €477,000 | €477,000 | = | 0.0% |
| Capital | 10 | €477,000 | €477,000 | = | 0.0% |
| Issued capital | 100 | €477,000 | €477,000 | = | 0.0% |
| Reserves | 13 | €47,700 | €47,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,700 | €47,700 | = | 0.0% |
| Legal reserve | 130 | €47,700 | €47,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €879,976 | €909,039 | +€29,062 | +3.3% |
| Amounts payable | 17/49 | €285,387 | €218,089 | -€67,298 | -23.6% |
| Amounts payable after more than one year | 17 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Financial debts | 170/4 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Amounts payable within one year | 42/48 | €122,093 | €64,767 | -€57,326 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €50,794 | - | -€50,794 | |
| Trade debts | 44 | €27,732 | €59,824 | +€32,092 | +115.7% |
| Suppliers | 440/4 | €27,732 | €59,824 | +€32,092 | +115.7% |
| Taxes, remuneration and social security | 45 | €34,151 | €1,343 | -€32,807 | -96.1% |
| Taxes | 450/3 | €31,925 | €1,343 | -€30,582 | -95.8% |
| Remuneration and social security | 454/9 | €2,225 | - | -€2,225 | |
| Other amounts payable | 47/48 | €9,417 | €3,600 | -€5,817 | -61.8% |
| Accrued charges and deferred income | 492/3 | €13,294 | €13,322 | +€28 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,168 | €96,533 | -€4,635 | -4.6% |
| Other operating charges | 640/8 | €37,049 | €40,005 | +€2,956 | +8.0% |
| Gross operating margin | 9900 | €246,118 | €189,099 | -€57,019 | -23.2% |
| Operating profit (loss) | 9901 | €107,901 | €52,561 | -€55,340 | -51.3% |
| Financial income | 75/76B | €1 | €0 | -€0 | -51.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -51.9% |
| Financial charges | 65/66B | €17,205 | €12,202 | -€5,003 | -29.1% |
| Recurring financial charges | 65 | €17,205 | €12,202 | -€5,003 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €90,696 | €40,360 | -€50,337 | -55.5% |
| Transfer from deferred taxes | 780 | €34,521 | - | -€34,521 | |
| Income taxes | 67/77 | €54,685 | €11,298 | -€43,387 | -79.3% |
| Profit (loss) for the period | 9904 | €70,533 | €29,062 | -€41,470 | -58.8% |
| Transfer from tax-exempt reserves | 789 | €103,563 | - | -€103,563 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,095 | €29,062 | -€145,033 | -83.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.