Alkove: 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.
Alkove
Largest movements
- Receivables within one year -€560,074
down €560,074 (-55.8%), from €1.0m to €444,136
of which Other amounts receivable: -€713,955
- Cash -€168,538
down €168,538 (-78.8%), from €213,773 to €45,235
mainly Other debts (-€1.0m) and Short-term financial debts (-€13,263)
- Tangible fixed assets -€62,469
down €62,469 (-2.2%), from €2.8m to €2.8m
of which Land and buildings: -€56,877
- Other debts -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Reserves +€168,426
up €168,426 (+32.2%), from €523,436 to €691,862
of which Distributable reserves: +€182,248
- Trade debts +€86,492
up €86,492 (+254%), from €34,024 to €120,516
- Gross operating margin -€125,413
down €125,413 (-30.5%), from €410,841 to €285,428
- Turnover -€114,380
down €114,380 (-23.9%), from €479,169 to €364,789
- Taxes -€32,682
down €32,682 (-34.9%), from €93,649 to €60,967
- Purchases and services +€14,919
up €14,919 (+12.6%), from €118,641 to €133,560
- Financial income -€8,939
down €8,939 (-23.2%), from €38,584 to €29,644
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 | €4,069,116 | €3,281,817 | -€787,299 | -19.3% |
| Fixed assets | 21/28 | €2,825,314 | €2,762,672 | -€62,643 | -2.2% |
| Intangible fixed assets | 21 | €868 | €694 | -€174 | -20.0% |
| Tangible fixed assets | 22/27 | €2,824,447 | €2,761,978 | -€62,469 | -2.2% |
| Land and buildings | 22 | €2,790,005 | €2,733,128 | -€56,877 | -2.0% |
| Plant, machinery and equipment | 23 | €34,442 | €28,850 | -€5,592 | -16.2% |
| Current assets | 29/58 | €1,243,802 | €519,145 | -€724,657 | -58.3% |
| Amounts receivable within one year | 40/41 | €1,004,210 | €444,136 | -€560,074 | -55.8% |
| Trade receivables | 40 | €0 | €153,881 | +€153,881 | |
| Other amounts receivable | 41 | €1,004,210 | €290,255 | -€713,955 | -71.1% |
| Cash at bank and in hand | 54/58 | €213,773 | €45,235 | -€168,538 | -78.8% |
| Deferred charges and accrued income | 490/1 | €25,818 | €29,774 | +€3,956 | +15.3% |
| Total equity and liabilities | 10/49 | €4,069,116 | €3,281,817 | -€787,299 | -19.3% |
| Equity | 10/15 | €2,911,918 | €3,055,061 | +€143,143 | +4.9% |
| Contributions | 10/11 | €123,000 | €123,000 | = | 0.0% |
| Capital | 10 | €123,000 | €123,000 | = | 0.0% |
| Issued capital | 100 | €123,000 | €123,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,265,482 | €2,240,199 | -€25,283 | -1.1% |
| Reserves | 13 | €523,436 | €691,862 | +€168,426 | +32.2% |
| Non-distributable reserves | 130/1 | €12,300 | €12,300 | = | 0.0% |
| Legal reserve | 130 | €12,300 | €12,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €240,047 | €226,225 | -€13,822 | -5.8% |
| Distributable reserves | 133 | €271,089 | €453,337 | +€182,248 | +67.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €62,633 | €58,025 | -€4,607 | -7.4% |
| Deferred taxes | 168 | €62,633 | €58,025 | -€4,607 | -7.4% |
| Amounts payable | 17/49 | €1,094,565 | €168,731 | -€925,835 | -84.6% |
| Amounts payable within one year | 42/48 | €1,094,565 | €168,687 | -€925,878 | -84.6% |
| Financial debts | 43 | €46,760 | €33,497 | -€13,263 | -28.4% |
| Credit institutions | 430/8 | €46,760 | €33,497 | -€13,263 | -28.4% |
| Trade debts | 44 | €34,024 | €120,516 | +€86,492 | +254% |
| Suppliers | 440/4 | €34,024 | €120,516 | +€86,492 | +254% |
| Taxes, remuneration and social security | 45 | €13,781 | €14,674 | +€893 | +6.5% |
| Taxes | 450/3 | €13,781 | €14,674 | +€893 | +6.5% |
| Other amounts payable | 47/48 | €1,000,000 | €0 | -€1.0m | -100% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Turnover | 70 | €479,169 | €364,789 | -€114,380 | -23.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €118,641 | €133,560 | +€14,919 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,759 | €63,145 | -€3,614 | -5.4% |
| Other operating charges | 640/8 | €53,516 | €50,440 | -€3,076 | -5.7% |
| Gross operating margin | 9900 | €410,841 | €285,428 | -€125,413 | -30.5% |
| Operating profit (loss) | 9901 | €290,566 | €171,843 | -€118,723 | -40.9% |
| Financial income | 75/76B | €38,584 | €29,644 | -€8,939 | -23.2% |
| Recurring financial income | 75 | €38,584 | €29,644 | -€8,939 | -23.2% |
| Financial charges | 65/66B | €1,066 | €1,985 | +€919 | +86.2% |
| Recurring financial charges | 65 | €1,066 | €1,985 | +€919 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €328,084 | €199,502 | -€128,581 | -39.2% |
| Transfer from deferred taxes | 780 | €4,607 | €4,607 | = | 0.0% |
| Income taxes | 67/77 | €93,649 | €60,967 | -€32,682 | -34.9% |
| Profit (loss) for the period | 9904 | €239,042 | €143,143 | -€95,899 | -40.1% |
| Transfer from tax-exempt reserves | 789 | €13,822 | €13,822 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €252,864 | €156,966 | -€95,899 | -37.9% |
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 13 October 2026 via checked.be.