Alrakis: 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.
Alrakis
Largest movements
- Tangible fixed assets -€45,887
down €45,887 (-3.6%), from €1.3m to €1.2m
of which Land and buildings: -€30,757
- Cash -€24,387
down €24,387 (-41.1%), from €59,312 to €34,925
mainly Net result for the year (-€48,232) and Debts after one year (-€40,574)
- Profit (loss) carried forward -€48,232
down €48,232 (-26.0%), from -€185,508 to -€233,739
- Debts after one year -€40,574
down €40,574 (-5.1%), from €792,760 to €752,186
- Other debts +€23,920
up €23,920 (+39.4%), from €60,703 to €84,623
- Gross operating margin +€12,184
up €12,184 (+25.2%), from €48,405 to €60,589
- Other operating charges -€2,568
down €2,568 (-24.3%), from €10,587 to €8,018
- Financial charges -€2,031
down €2,031 (-6.2%), from €32,957 to €30,925
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 | €1,350,333 | €1,278,126 | -€72,206 | -5.3% |
| Fixed assets | 21/28 | €1,284,440 | €1,238,553 | -€45,887 | -3.6% |
| Tangible fixed assets | 22/27 | €1,284,440 | €1,238,553 | -€45,887 | -3.6% |
| Land and buildings | 22 | €1,261,810 | €1,231,053 | -€30,757 | -2.4% |
| Furniture and vehicles | 24 | €21,468 | €6,758 | -€14,710 | -68.5% |
| Other tangible fixed assets | 26 | €1,162 | €742 | -€420 | -36.2% |
| Current assets | 29/58 | €65,892 | €39,573 | -€26,320 | -39.9% |
| Amounts receivable within one year | 40/41 | €2,087 | - | -€2,087 | |
| Trade receivables | 40 | €2,087 | - | -€2,087 | |
| Cash at bank and in hand | 54/58 | €59,312 | €34,925 | -€24,387 | -41.1% |
| Deferred charges and accrued income | 490/1 | €4,493 | €4,648 | +€155 | +3.4% |
| Total equity and liabilities | 10/49 | €1,350,333 | €1,278,126 | -€72,206 | -5.3% |
| Equity | 10/15 | €422,364 | €374,133 | -€48,232 | -11.4% |
| Contributions | 10/11 | €545,500 | €545,500 | = | 0.0% |
| Capital | 10 | €545,500 | €545,500 | = | 0.0% |
| Issued capital | 100 | €545,500 | €545,500 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,508 | -€233,739 | -€48,232 | -26.0% |
| Investment grants | 15 | €56,372 | €56,372 | = | 0.0% |
| Provisions and deferred taxes | 16 | €18,791 | €18,791 | = | 0.0% |
| Deferred taxes | 168 | €18,791 | €18,791 | = | 0.0% |
| Amounts payable | 17/49 | €909,177 | €885,203 | -€23,975 | -2.6% |
| Amounts payable after more than one year | 17 | €792,760 | €752,186 | -€40,574 | -5.1% |
| Financial debts | 170/4 | €792,760 | €752,186 | -€40,574 | -5.1% |
| Amounts payable within one year | 42/48 | €116,417 | €129,425 | +€13,008 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €49,202 | €40,574 | -€8,628 | -17.5% |
| Trade debts | 44 | €5,655 | €3,304 | -€2,352 | -41.6% |
| Suppliers | 440/4 | €5,655 | €3,304 | -€2,352 | -41.6% |
| Taxes, remuneration and social security | 45 | €857 | €924 | +€67 | +7.9% |
| Taxes | 450/3 | €857 | €924 | +€67 | +7.9% |
| Other amounts payable | 47/48 | €60,703 | €84,623 | +€23,920 | +39.4% |
| Accrued charges and deferred income | 492/3 | - | €3,592 | +€3,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,968 | €69,674 | -€294 | -0.4% |
| Other operating charges | 640/8 | €10,587 | €8,018 | -€2,568 | -24.3% |
| Gross operating margin | 9900 | €48,405 | €60,589 | +€12,184 | +25.2% |
| Operating profit (loss) | 9901 | -€32,150 | -€17,104 | +€15,046 | +46.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €32,957 | €30,925 | -€2,031 | -6.2% |
| Recurring financial charges | 65 | €32,957 | €30,925 | -€2,031 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€65,106 | -€48,029 | +€17,077 | +26.2% |
| Income taxes | 67/77 | €213 | €203 | -€10 | -4.7% |
| Profit (loss) for the period | 9904 | -€65,319 | -€48,232 | +€17,088 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,319 | -€48,232 | +€17,088 | +26.2% |
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 22 October 2026 via checked.be.