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 -€60,321
down €60,321 (-6.2%), from €975,501 to €915,180
of which Plant, machinery and equipment: -€41,397
- Cash -€21,050
down €21,050 (-30.0%), from €70,148 to €49,098
mainly Net result for the year (-€40,055) and Other debts (-€22,257)
- Profit (loss) carried forward -€25,076
down €25,076 (-6.8%), from -€368,097 to -€393,172
- Other debts -€22,257
down €22,257 (-2.9%), from €765,102 to €742,845
- Debts after one year -€16,081
down €16,081 (-8.5%), from €188,728 to €172,647
- Reserves -€14,980
down €14,980 (-6.3%), from €237,531 to €222,551
- Financial charges +€6,561
up €6,561 (+44.3%), from €14,794 to €21,354
- Gross operating margin +€1,761
up €1,761 (+5.1%), from €34,704 to €36,465
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 | €1,141,006 | €1,054,257 | -€86,749 | -7.6% |
| Fixed assets | 21/28 | €975,501 | €915,180 | -€60,321 | -6.2% |
| Tangible fixed assets | 22/27 | €975,501 | €915,180 | -€60,321 | -6.2% |
| Land and buildings | 22 | €645,667 | €626,742 | -€18,924 | -2.9% |
| Plant, machinery and equipment | 23 | €329,835 | €288,437 | -€41,397 | -12.6% |
| Current assets | 29/58 | €165,505 | €139,077 | -€26,427 | -16.0% |
| Amounts receivable within one year | 40/41 | €1,906 | €1,182 | -€724 | -38.0% |
| Trade receivables | 40 | €342 | €0 | -€342 | -100% |
| Other amounts receivable | 41 | €1,564 | €1,182 | -€382 | -24.4% |
| Current investments | 50/53 | €90,115 | €85,016 | -€5,099 | -5.7% |
| Cash at bank and in hand | 54/58 | €70,148 | €49,098 | -€21,050 | -30.0% |
| Deferred charges and accrued income | 490/1 | €3,336 | €3,782 | +€446 | +13.4% |
| Total equity and liabilities | 10/49 | €1,141,006 | €1,054,257 | -€86,749 | -7.6% |
| Equity | 10/15 | €38,434 | -€1,621 | -€40,055 | |
| Contributions | 10/11 | €169,000 | €169,000 | = | 0.0% |
| Capital | 10 | €169,000 | €169,000 | = | 0.0% |
| Issued capital | 100 | €169,000 | €169,000 | = | 0.0% |
| Reserves | 13 | €237,531 | €222,551 | -€14,980 | -6.3% |
| Tax-exempt reserves | 132 | €237,531 | €222,551 | -€14,980 | -6.3% |
| Profit (loss) carried forward | 14 | -€368,097 | -€393,172 | -€25,076 | -6.8% |
| Provisions and deferred taxes | 16 | €122,331 | €114,615 | -€7,717 | -6.3% |
| Deferred taxes | 168 | €122,331 | €114,615 | -€7,717 | -6.3% |
| Amounts payable | 17/49 | €980,240 | €941,264 | -€38,976 | -4.0% |
| Amounts payable after more than one year | 17 | €188,728 | €172,647 | -€16,081 | -8.5% |
| Financial debts | 170/4 | €188,728 | €172,647 | -€16,081 | -8.5% |
| Amounts payable within one year | 42/48 | €791,512 | €768,617 | -€22,895 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €25,082 | €24,600 | -€482 | -1.9% |
| Trade debts | 44 | €1,328 | €1,171 | -€157 | -11.8% |
| Suppliers | 440/4 | €1,328 | €1,171 | -€157 | -11.8% |
| Other amounts payable | 47/48 | €765,102 | €742,845 | -€22,257 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,321 | €60,321 | = | 0.0% |
| Other operating charges | 640/8 | €3,425 | €3,487 | +€62 | +1.8% |
| Gross operating margin | 9900 | €34,704 | €36,465 | +€1,761 | +5.1% |
| Operating profit (loss) | 9901 | -€29,042 | -€27,343 | +€1,699 | +5.8% |
| Financial income | 75/76B | €625 | €925 | +€300 | +48.0% |
| Recurring financial income | 75 | €625 | €925 | +€300 | +48.0% |
| Financial charges | 65/66B | €14,794 | €21,354 | +€6,561 | +44.3% |
| Recurring financial charges | 65 | €14,794 | €21,354 | +€6,561 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,211 | -€47,772 | -€4,562 | -10.6% |
| Transfer from deferred taxes | 780 | €7,717 | €7,717 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€35,494 | -€40,055 | -€4,562 | -12.9% |
| Transfer from tax-exempt reserves | 789 | €14,980 | €14,980 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,514 | -€25,076 | -€4,562 | -22.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.