ALPHA 11: what changed
Two fiscal 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 11
Largest movements
- Receivables within one year +€31,152
up €31,152 (+448.8%), from €6,941 to €38,093
of which Trade receivables: +€29,927
- Cash -€22,918
down €22,918 (-50.7%), from €45,230 to €22,312
mainly Receivables within one year (-€31,152) and Investment in fixed assets (net) (-€8,675)
- Tangible fixed assets +€6,197
up €6,197 (+107.2%), from €5,779 to €11,975
of which Furniture and vehicles: +€7,096
- Profit (loss) carried forward +€21,507
up €21,507 (+62.5%), from €34,411 to €55,918
- Trade debts -€4,046
down €4,046 (-96.1%), from €4,208 to €163
- Tax, wage and social debts -€1,880
down €1,880 (-12.1%), from €15,573 to €13,693
- Other debts -€1,303
no longer reported in 2024 (was €1,303)
- Depreciation +€660
up €660 (+31.2%), from €2,115 to €2,775
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 | €58,496 | €72,774 | +€14,278 | +24.4% |
| Fixed assets | 21/28 | €6,254 | €12,154 | +€5,900 | +94.3% |
| Intangible fixed assets | 21 | €475 | €178 | -€297 | -62.5% |
| Tangible fixed assets | 22/27 | €5,779 | €11,975 | +€6,197 | +107.2% |
| Plant, machinery and equipment | 23 | €4,139 | €3,239 | -€899 | -21.7% |
| Furniture and vehicles | 24 | €1,640 | €8,736 | +€7,096 | +432.6% |
| Current assets | 29/58 | €52,242 | €60,620 | +€8,378 | +16.0% |
| Amounts receivable within one year | 40/41 | €6,941 | €38,093 | +€31,152 | +448.8% |
| Trade receivables | 40 | €6,941 | €36,868 | +€29,927 | +431.2% |
| Other amounts receivable | 41 | - | €1,225 | +€1,225 | |
| Cash at bank and in hand | 54/58 | €45,230 | €22,312 | -€22,918 | -50.7% |
| Deferred charges and accrued income | 490/1 | €71 | €215 | +€144 | +204.0% |
| Total equity and liabilities | 10/49 | €58,496 | €72,774 | +€14,278 | +24.4% |
| Equity | 10/15 | €37,411 | €58,918 | +€21,507 | +57.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,411 | €55,918 | +€21,507 | +62.5% |
| Amounts payable | 17/49 | €21,085 | €13,856 | -€7,229 | -34.3% |
| Amounts payable within one year | 42/48 | €21,085 | €13,856 | -€7,229 | -34.3% |
| Trade debts | 44 | €4,208 | €163 | -€4,046 | -96.1% |
| Suppliers | 440/4 | €4,208 | €163 | -€4,046 | -96.1% |
| Taxes, remuneration and social security | 45 | €15,573 | €13,693 | -€1,880 | -12.1% |
| Taxes | 450/3 | €15,573 | €13,693 | -€1,880 | -12.1% |
| Other amounts payable | 47/48 | €1,303 | - | -€1,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €2,775 | +€660 | +31.2% |
| Other operating charges | 640/8 | €98 | €348 | +€251 | +256.4% |
| Gross operating margin | 9900 | €31,289 | €31,323 | +€34 | +0.1% |
| Operating profit (loss) | 9901 | €29,076 | €28,200 | -€877 | -3.0% |
| Financial income | 75/76B | €1 | €80 | +€79 | +8245.8% |
| Recurring financial income | 75 | €1 | €80 | +€79 | +8245.8% |
| Financial charges | 65/66B | €406 | €227 | -€180 | -44.2% |
| Recurring financial charges | 65 | €406 | €227 | -€180 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €28,671 | €28,054 | -€618 | -2.2% |
| Income taxes | 67/77 | €6,514 | €6,546 | +€32 | +0.5% |
| Profit (loss) for the period | 9904 | €22,157 | €21,507 | -€650 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,157 | €21,507 | -€650 | -2.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.