ALKA: what changed
ALKA
Largest movements
- Tangible fixed assets -€60,802
down €60,802 (-28.2%), from €215,992 to €155,190
of which Other tangible fixed assets: -€51,526
- Cash -€18,084
down €18,084 (-32.9%), from €54,993 to €36,909
mainly Debts after one year (-€50,187) and Other debts (-€25,036)
- Stocks and contracts +€16,469
up €16,469 (+10.5%), from €157,324 to €173,793
- Deferred charges and accrued income -€6,627
down €6,627 (-44.5%), from €14,906 to €8,279
- Debts after one year -€50,187
down €50,187 (-50.5%), from €99,377 to €49,190
of which Trade debts: -€40,077
- Other debts -€25,036
down €25,036 (-53.6%), from €46,681 to €21,645
- Reserves +€11,442
up €11,442 (+4.5%), from €255,335 to €266,777
- Trade debts -€7,803
down €7,803 (-20.7%), from €37,620 to €29,817
- Gross operating margin -€49,603
down €49,603 (-13.1%), from €377,473 to €327,869
- Other operating charges +€29,942
up €29,942 (+932%), from €3,214 to €33,156
- Taxes -€13,744
down €13,744 (-71.1%), from €19,323 to €5,579
- Staff costs -€5,034
down €5,034 (-2.4%), from €210,188 to €205,154
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,826 | €450,793 | -€68,033 | -13.1% |
| Fixed assets | 21/28 | €216,882 | €156,110 | -€60,772 | -28.0% |
| Tangible fixed assets | 22/27 | €215,992 | €155,190 | -€60,802 | -28.2% |
| Plant, machinery and equipment | 23 | €23,658 | €14,382 | -€9,276 | -39.2% |
| Other tangible fixed assets | 26 | €192,334 | €140,807 | -€51,526 | -26.8% |
| Financial fixed assets | 28 | €891 | €921 | +€30 | +3.4% |
| Current assets | 29/58 | €301,943 | €294,683 | -€7,260 | -2.4% |
| Stocks and contracts in progress | 3 | €157,324 | €173,793 | +€16,469 | +10.5% |
| Stocks | 30/36 | €157,324 | €173,793 | +€16,469 | +10.5% |
| Amounts receivable within one year | 40/41 | €74,674 | €75,626 | +€952 | +1.3% |
| Trade receivables | 40 | €66,257 | €59,905 | -€6,352 | -9.6% |
| Other amounts receivable | 41 | €8,417 | €15,721 | +€7,304 | +86.8% |
| Current investments | 50/53 | €46 | €76 | +€30 | +65.4% |
| Cash at bank and in hand | 54/58 | €54,993 | €36,909 | -€18,084 | -32.9% |
| Deferred charges and accrued income | 490/1 | €14,906 | €8,279 | -€6,627 | -44.5% |
| Total equity and liabilities | 10/49 | €518,826 | €450,793 | -€68,033 | -13.1% |
| Equity | 10/15 | €305,335 | €316,777 | +€11,442 | +3.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €255,335 | €266,777 | +€11,442 | +4.5% |
| Distributable reserves | 133 | €255,335 | €266,777 | +€11,442 | +4.5% |
| Amounts payable | 17/49 | €213,491 | €134,016 | -€79,475 | -37.2% |
| Amounts payable after more than one year | 17 | €99,377 | €49,190 | -€50,187 | -50.5% |
| Financial debts | 170/4 | €27,983 | €17,873 | -€10,110 | -36.1% |
| Trade debts | 175 | €71,394 | €31,317 | -€40,077 | -56.1% |
| Amounts payable within one year | 42/48 | €114,113 | €84,826 | -€29,287 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,824 | €10,110 | +€286 | +2.9% |
| Trade debts | 44 | €37,620 | €29,817 | -€7,803 | -20.7% |
| Suppliers | 440/4 | €37,620 | €29,817 | -€7,803 | -20.7% |
| Taxes, remuneration and social security | 45 | €19,988 | €23,253 | +€3,265 | +16.3% |
| Taxes | 450/3 | - | €340 | +€340 | |
| Remuneration and social security | 454/9 | €19,988 | €22,913 | +€2,925 | +14.6% |
| Other amounts payable | 47/48 | €46,681 | €21,645 | -€25,036 | -53.6% |
| Remuneration, social security and pensions | 62 | €210,188 | €205,154 | -€5,034 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,850 | €66,359 | +€1,509 | +2.3% |
| Other operating charges | 640/8 | €3,214 | €33,156 | +€29,942 | +932% |
| Gross operating margin | 9900 | €377,473 | €327,869 | -€49,603 | -13.1% |
| Operating profit (loss) | 9901 | €99,220 | €23,200 | -€76,020 | -76.6% |
| Financial income | 75/76B | €6,073 | €4,006 | -€2,067 | -34.0% |
| Recurring financial income | 75 | €6,073 | €4,006 | -€2,067 | -34.0% |
| Financial charges | 65/66B | €10,003 | €10,184 | +€182 | +1.8% |
| Recurring financial charges | 65 | €10,003 | €10,184 | +€182 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €95,290 | €17,021 | -€78,269 | -82.1% |
| Income taxes | 67/77 | €19,323 | €5,579 | -€13,744 | -71.1% |
| Profit (loss) for the period | 9904 | €75,967 | €11,442 | -€64,525 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,967 | €11,442 | -€64,525 | -84.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.