ALPHA: 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.
ALPHA
Largest movements
- Stocks and contracts -€723,493
no longer reported in 2024 (was €723,493)
- Receivables within one year +€146,048
up €146,048 (+25.8%), from €565,266 to €711,313
of which Trade receivables: +€148,018
- Cash +€94,781
up €94,781 (+199.9%), from €47,416 to €142,197
mainly Stocks and contracts (+€723,493) and Net result for the year (+€652,819)
- Profit (loss) carried forward +€652,819
up €652,819, from -€495,079 to €157,740
- Other debts -€628,530
down €628,530 (-53.7%), from €1.2m to €542,518
- Debts after one year -€591,812
no longer reported in 2024 (was €591,812)
- Tax, wage and social debts +€85,052
new in 2024: €85,052
- Gross operating margin +€793,919
up €793,919, from -€134,568 to €659,351
- Write-downs -€290,897
no longer reported in 2024 (was €290,897)
- Staff costs -€11,747
down €11,747, from €11,612 to -€135
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,337,929 | €853,511 | -€484,418 | -36.2% |
| Fixed assets | 21/28 | €100 | - | -€100 | |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €1,337,829 | €853,511 | -€484,318 | -36.2% |
| Stocks and contracts in progress | 3 | €723,493 | - | -€723,493 | |
| Stocks | 30/36 | €723,493 | - | -€723,493 | |
| Amounts receivable within one year | 40/41 | €565,266 | €711,313 | +€146,048 | +25.8% |
| Trade receivables | 40 | €38,733 | €186,751 | +€148,018 | +382.1% |
| Other amounts receivable | 41 | €526,532 | €524,562 | -€1,970 | -0.4% |
| Cash at bank and in hand | 54/58 | €47,416 | €142,197 | +€94,781 | +199.9% |
| Deferred charges and accrued income | 490/1 | €1,654 | - | -€1,654 | |
| Total equity and liabilities | 10/49 | €1,337,929 | €853,511 | -€484,418 | -36.2% |
| Equity | 10/15 | -€426,879 | €225,940 | +€652,819 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€495,079 | €157,740 | +€652,819 | |
| Amounts payable | 17/49 | €1,764,807 | €627,570 | -€1.1m | -64.4% |
| Amounts payable after more than one year | 17 | €591,812 | - | -€591,812 | |
| Other amounts payable | 178/9 | €591,812 | - | -€591,812 | |
| Amounts payable within one year | 42/48 | €1,172,995 | €627,570 | -€545,425 | -46.5% |
| Financial debts | 43 | €526 | - | -€526 | |
| Credit institutions | 430/8 | €526 | - | -€526 | |
| Trade debts | 44 | €1,422 | - | -€1,422 | |
| Suppliers | 440/4 | €1,422 | - | -€1,422 | |
| Taxes, remuneration and social security | 45 | - | €85,052 | +€85,052 | |
| Taxes | 450/3 | - | €85,052 | +€85,052 | |
| Other amounts payable | 47/48 | €1,171,048 | €542,518 | -€628,530 | -53.7% |
| Non-recurring operating income | 76A | - | €648,663 | +€648,663 | |
| Remuneration, social security and pensions | 62 | €11,612 | -€135 | -€11,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | - | -€2,745 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €290,897 | - | -€290,897 | |
| Other operating charges | 640/8 | €1,838 | €982 | -€856 | -46.6% |
| Non-recurring operating charges | 66A | -€31 | - | +€31 | |
| Gross operating margin | 9900 | -€134,568 | €659,351 | +€793,919 | |
| Operating profit (loss) | 9901 | -€441,629 | €658,505 | +€1.1m | |
| Financial income | 75/76B | €1,339 | - | -€1,339 | |
| Recurring financial income | 75 | €1,339 | - | -€1,339 | |
| Financial charges | 65/66B | €558 | €5,686 | +€5,128 | +919.0% |
| Recurring financial charges | 65 | €558 | €5,686 | +€5,128 | +919.0% |
| Profit (loss) for the period before taxes | 9903 | -€440,848 | €652,819 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€440,848 | €652,819 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€440,848 | €652,819 | +€1.1m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.