ALKONSEB: 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.
ALKONSEB
Largest movements
- Stocks and contracts +€272,171
up €272,171 (+184%), from €147,717 to €419,888
- Tangible fixed assets -€136,589
down €136,589 (-30.8%), from €444,056 to €307,467
of which Land and buildings: -€135,349
- Cash +€131,828
up €131,828 (+1,165%), from €11,314 to €143,142
mainly Short-term financial debts (+€175,000) and Other debts (+€123,020)
- Receivables within one year +€85,688
up €85,688 (+839%), from €10,211 to €95,899
of which Other amounts receivable: +€73,302
- Short-term financial debts +€175,000
up €175,000 (+109%), from €160,000 to €335,000
- Other debts +€123,020
up €123,020 (+6,074%), from €2,025 to €125,046
- Current portion of long-term debt +€25,000
new in 2025: €25,000
- Reserves +€23,680
up €23,680 (+5.9%), from €404,117 to €427,796
- Gross operating margin +€83,178
up €83,178 (+150%), from €55,403 to €138,581
- Taxes +€27,334
up €27,334 (+2,028%), from €1,348 to €28,682
- Depreciation -€5,273
down €5,273 (-27.1%), from €19,451 to €14,178
- Other operating charges +€1,946
up €1,946 (+20.4%), from €9,533 to €11,479
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 | €633,818 | €994,727 | +€360,909 | +56.9% |
| Fixed assets | 21/28 | €444,056 | €317,217 | -€126,839 | -28.6% |
| Tangible fixed assets | 22/27 | €444,056 | €307,467 | -€136,589 | -30.8% |
| Land and buildings | 22 | €440,051 | €304,702 | -€135,349 | -30.8% |
| Furniture and vehicles | 24 | €4,005 | €2,765 | -€1,240 | -31.0% |
| Financial fixed assets | 28 | - | €9,750 | +€9,750 | |
| Current assets | 29/58 | €189,762 | €677,510 | +€487,748 | +257% |
| Stocks and contracts in progress | 3 | €147,717 | €419,888 | +€272,171 | +184% |
| Stocks | 30/36 | €147,717 | €419,888 | +€272,171 | +184% |
| Amounts receivable within one year | 40/41 | €10,211 | €95,899 | +€85,688 | +839% |
| Trade receivables | 40 | €4,888 | €17,275 | +€12,386 | +253% |
| Other amounts receivable | 41 | €5,323 | €78,624 | +€73,302 | +1,377% |
| Cash at bank and in hand | 54/58 | €11,314 | €143,142 | +€131,828 | +1,165% |
| Deferred charges and accrued income | 490/1 | €20,521 | €18,581 | -€1,939 | -9.5% |
| Total equity and liabilities | 10/49 | €633,818 | €994,727 | +€360,909 | +56.9% |
| Equity | 10/15 | €410,317 | €433,996 | +€23,680 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €404,117 | €427,796 | +€23,680 | +5.9% |
| Distributable reserves | 133 | €404,117 | €427,796 | +€23,680 | +5.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €223,501 | €560,730 | +€337,229 | +151% |
| Amounts payable after more than one year | 17 | €57,496 | €63,296 | +€5,800 | +10.1% |
| Other amounts payable | 178/9 | €57,496 | €63,296 | +€5,800 | +10.1% |
| Amounts payable within one year | 42/48 | €165,361 | €496,370 | +€331,009 | +200% |
| Current portion of amounts payable after more than one year | 42 | - | €25,000 | +€25,000 | |
| Financial debts | 43 | €160,000 | €335,000 | +€175,000 | +109% |
| Credit institutions | 430/8 | €160,000 | €335,000 | +€175,000 | +109% |
| Trade debts | 44 | €1,145 | €6,713 | +€5,568 | +486% |
| Suppliers | 440/4 | €1,145 | €6,713 | +€5,568 | +486% |
| Advances received on contracts in progress | 46 | €2,190 | €928 | -€1,262 | -57.6% |
| Taxes, remuneration and social security | 45 | - | €3,682 | +€3,682 | |
| Taxes | 450/3 | - | €3,682 | +€3,682 | |
| Other amounts payable | 47/48 | €2,025 | €125,046 | +€123,020 | +6,074% |
| Accrued charges and deferred income | 492/3 | €645 | €1,065 | +€421 | +65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,451 | €14,178 | -€5,273 | -27.1% |
| Other operating charges | 640/8 | €9,533 | €11,479 | +€1,946 | +20.4% |
| Gross operating margin | 9900 | €55,403 | €138,581 | +€83,178 | +150% |
| Operating profit (loss) | 9901 | €26,419 | €112,924 | +€86,505 | +327% |
| Financial income | 75/76B | €163 | €0 | -€163 | -100% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -100% |
| Financial charges | 65/66B | €11,755 | €10,562 | -€1,193 | -10.1% |
| Recurring financial charges | 65 | €11,755 | €10,562 | -€1,193 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €14,828 | €102,362 | +€87,534 | +590% |
| Income taxes | 67/77 | €1,348 | €28,682 | +€27,334 | +2,028% |
| Profit (loss) for the period | 9904 | €13,480 | €73,680 | +€60,200 | +447% |
| Profit (loss) for the period to be appropriated | 9905 | €13,480 | €73,680 | +€60,200 | +447% |
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 14 October 2026 via checked.be.