ALPHA 8: 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 8
Largest movements
- Current investments -€235,361
down €235,361 (-100.0%), from €235,361 to €0
- Cash +€224,549
up €224,549 (+644.0%), from €34,867 to €259,417
mainly Current investments (+€235,361) and Net result for the year (+€76,520)
- Receivables within one year +€135,473
up €135,473 (+3.6%), from €3.8m to €3.9m
- Profit (loss) carried forward +€72,694
up €72,694 (+11.5%), from €630,273 to €702,967
No income-statement line moved by more than 1% of the activity.
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 | €4,041,564 | €4,166,225 | +€124,662 | +3.1% |
| Current assets | 29/58 | €4,041,564 | €4,166,225 | +€124,662 | +3.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,771,335 | €3,906,808 | +€135,473 | +3.6% |
| Other amounts receivable | 41 | €3,771,335 | €3,906,808 | +€135,473 | +3.6% |
| Current investments | 50/53 | €235,361 | €0 | -€235,361 | -100.0% |
| Other investments | 51/53 | €235,361 | €0 | -€235,361 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,867 | €259,417 | +€224,549 | +644.0% |
| Total equity and liabilities | 10/49 | €4,041,564 | €4,166,225 | +€124,662 | +3.1% |
| Equity | 10/15 | €3,279,087 | €3,355,607 | +€76,520 | +2.3% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €148,814 | €152,640 | +€3,826 | +2.6% |
| Non-distributable reserves | 130/1 | €148,814 | €152,640 | +€3,826 | +2.6% |
| Legal reserve | 130 | €148,814 | €152,640 | +€3,826 | +2.6% |
| Profit (loss) carried forward | 14 | €630,273 | €702,967 | +€72,694 | +11.5% |
| Amounts payable | 17/49 | €762,476 | €810,618 | +€48,142 | +6.3% |
| Amounts payable within one year | 42/48 | €762,476 | €810,618 | +€48,142 | +6.3% |
| Trade debts | 44 | €14,983 | €14,527 | -€456 | -3.0% |
| Suppliers | 440/4 | €14,983 | €14,527 | -€456 | -3.0% |
| Taxes, remuneration and social security | 45 | €34,404 | €62,259 | +€27,855 | +81.0% |
| Taxes | 450/3 | €34,404 | €62,259 | +€27,855 | +81.0% |
| Other amounts payable | 47/48 | €713,089 | €733,832 | +€20,743 | +2.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating charges | 60/66A | €23,777 | €10,525 | -€13,252 | -55.7% |
| Services and other goods | 61 | €22,755 | €9,526 | -€13,229 | -58.1% |
| Other operating charges | 640/8 | €1,022 | €998 | -€23 | -2.3% |
| Operating profit (loss) | 9901 | -€23,777 | -€10,525 | +€13,252 | +55.7% |
| Financial income | 75/76B | €178,130 | €137,265 | -€40,865 | -22.9% |
| Recurring financial income | 75 | €178,130 | €137,265 | -€40,865 | -22.9% |
| Income from current assets | 751 | €178,130 | €137,265 | -€40,865 | -22.9% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €29,552 | €22,366 | -€7,186 | -24.3% |
| Recurring financial charges | 65 | €29,552 | €22,366 | -€7,186 | -24.3% |
| Debt charges | 650 | €26,958 | €20,743 | -€6,215 | -23.1% |
| Other financial charges | 652/9 | €2,594 | €1,623 | -€971 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €124,801 | €104,375 | -€20,426 | -16.4% |
| Income taxes | 67/77 | €34,404 | €27,855 | -€6,549 | -19.0% |
| Taxes | 670/3 | €34,404 | €27,855 | -€6,549 | -19.0% |
| Profit (loss) for the period | 9904 | €90,397 | €76,520 | -€13,877 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,397 | €76,520 | -€13,877 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.