ALSAKIM: 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.
ALSAKIM
Largest movements
- Tangible fixed assets +€951,811
up €951,811 (+332.1%), from €286,599 to €1.2m
of which Land and buildings: +€1.0m
- Receivables within one year -€127,398
down €127,398 (-53.6%), from €237,667 to €110,269
of which Other amounts receivable: -€89,495
- Stocks and contracts +€92,885
up €92,885 (+19.3%), from €480,714 to €573,600
- Cash -€46,476
down €46,476 (-33.8%), from €137,653 to €91,177
mainly Investment in fixed assets (net) (-€1.0m) and Stocks and contracts (-€92,885)
- Revaluation surpluses +€1.0m
new in 2025: €1.0m
- Profit (loss) carried forward +€94,657
up €94,657 (+13.4%), from -€705,922 to -€611,264
- Trade debts -€75,108
down €75,108 (-8.2%), from €916,033 to €840,925
- Debts after one year -€64,788
down €64,788 (-58.0%), from €111,779 to €46,992
of which Financial debts: -€64,788
- Other debts -€42,730
down €42,730 (-11.5%), from €372,802 to €330,071
- Gross operating margin +€191,090
up €191,090 (+19.8%), from €963,600 to €1.2m
- Staff costs -€38,834
down €38,834 (-4.2%), from €919,568 to €880,734
- Other operating charges -€36,087
down €36,087 (-40.9%), from €88,227 to €52,140
- Financial charges -€27,958
down €27,958 (-33.8%), from €82,757 to €54,799
of which Non-recurring financial charges: -€37,654
- Depreciation -€11,901
down €11,901 (-14.0%), from €84,831 to €72,930
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 | €1,189,309 | €2,045,024 | +€855,715 | +72.0% |
| Formation expenses | 20 | €2,955 | €9,073 | +€6,118 | +207.0% |
| Fixed assets | 21/28 | €319,051 | €1,252,808 | +€933,757 | +292.7% |
| Tangible fixed assets | 22/27 | €286,599 | €1,238,409 | +€951,811 | +332.1% |
| Land and buildings | 22 | €36,737 | €1,045,736 | +€1.0m | +2746.6% |
| Plant, machinery and equipment | 23 | €230,792 | €181,423 | -€49,368 | -21.4% |
| Furniture and vehicles | 24 | €19,070 | €11,250 | -€7,820 | -41.0% |
| Financial fixed assets | 28 | €32,452 | €14,399 | -€18,054 | -55.6% |
| Current assets | 29/58 | €867,303 | €783,143 | -€84,160 | -9.7% |
| Stocks and contracts in progress | 3 | €480,714 | €573,600 | +€92,885 | +19.3% |
| Stocks | 30/36 | €480,714 | €573,600 | +€92,885 | +19.3% |
| Amounts receivable within one year | 40/41 | €237,667 | €110,269 | -€127,398 | -53.6% |
| Trade receivables | 40 | €114,243 | €76,340 | -€37,903 | -33.2% |
| Other amounts receivable | 41 | €123,424 | €33,929 | -€89,495 | -72.5% |
| Cash at bank and in hand | 54/58 | €137,653 | €91,177 | -€46,476 | -33.8% |
| Deferred charges and accrued income | 490/1 | €11,268 | €8,097 | -€3,170 | -28.1% |
| Total equity and liabilities | 10/49 | €1,189,309 | €2,045,024 | +€855,715 | +72.0% |
| Equity | 10/15 | -€539,672 | €560,410 | +€1.1m | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,005,424 | +€1.0m | |
| Reserves | 13 | €66,250 | €66,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€705,922 | -€611,264 | +€94,657 | +13.4% |
| Amounts payable | 17/49 | €1,728,981 | €1,484,615 | -€244,366 | -14.1% |
| Amounts payable after more than one year | 17 | €111,779 | €46,992 | -€64,788 | -58.0% |
| Financial debts | 170/4 | €105,648 | €40,860 | -€64,788 | -61.3% |
| Other amounts payable | 178/9 | €6,132 | €6,132 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,569,083 | €1,425,585 | -€143,497 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €64,155 | €64,788 | +€632 | +1.0% |
| Financial debts | 43 | €60,099 | €60,000 | -€99 | -0.2% |
| Credit institutions | 430/8 | €60,099 | €60,000 | -€99 | -0.2% |
| Trade debts | 44 | €916,033 | €840,925 | -€75,108 | -8.2% |
| Suppliers | 440/4 | €916,033 | €840,925 | -€75,108 | -8.2% |
| Taxes, remuneration and social security | 45 | €155,994 | €129,801 | -€26,193 | -16.8% |
| Taxes | 450/3 | €15,661 | €364 | -€15,297 | -97.7% |
| Remuneration and social security | 454/9 | €140,333 | €129,437 | -€10,896 | -7.8% |
| Other amounts payable | 47/48 | €372,802 | €330,071 | -€42,730 | -11.5% |
| Accrued charges and deferred income | 492/3 | €48,119 | €12,038 | -€36,081 | -75.0% |
| Non-recurring operating income | 76A | €111,509 | €2,145 | -€109,364 | -98.1% |
| Remuneration, social security and pensions | 62 | €919,568 | €880,734 | -€38,834 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,831 | €72,930 | -€11,901 | -14.0% |
| Other operating charges | 640/8 | €88,227 | €52,140 | -€36,087 | -40.9% |
| Non-recurring operating charges | 66A | €916 | €55 | -€861 | -94.0% |
| Gross operating margin | 9900 | €963,600 | €1,154,690 | +€191,090 | +19.8% |
| Operating profit (loss) | 9901 | -€129,942 | €148,831 | +€278,773 | |
| Financial income | 75/76B | €7,651 | €1,036 | -€6,615 | -86.5% |
| Recurring financial income | 75 | €7,651 | €1,036 | -€6,615 | -86.5% |
| Financial charges | 65/66B | €82,757 | €54,799 | -€27,958 | -33.8% |
| Recurring financial charges | 65 | €42,921 | €52,616 | +€9,695 | +22.6% |
| Non-recurring financial charges | 66B | €39,836 | €2,183 | -€37,654 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | -€205,048 | €95,069 | +€300,116 | |
| Income taxes | 67/77 | €506 | €412 | -€94 | -18.6% |
| Profit (loss) for the period | 9904 | -€205,554 | €94,657 | +€300,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205,554 | €94,657 | +€300,211 |
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 10 October 2026 via checked.be.