ALPHA-ACTIVE: 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-ACTIVE
Largest movements
- Cash +€83,472
up €83,472 (+71.8%), from €116,222 to €199,693
mainly Net result for the year (+€41,545) and Tax, wage and social debts (+€25,758)
- Receivables within one year -€6,268
down €6,268 (-65.0%), from €9,638 to €3,371
of which Trade receivables: -€8,580
- Tangible fixed assets -€3,889
down €3,889 (-8.2%), from €47,247 to €43,358
of which Other tangible fixed assets: -€5,057
- Reserves +€41,545
up €41,545 (+26.8%), from €155,100 to €196,645
- Tax, wage and social debts +€25,758
up €25,758 (+276.9%), from €9,303 to €35,062
of which Taxes: +€25,599
- Trade debts +€4,120
up €4,120 (+395.9%), from €1,040 to €5,160
- Turnover -€187,419
no longer reported in 2025 (was €187,419)
- Purchases and services -€119,890
no longer reported in 2025 (was €119,890)
- Gross operating margin +€40,008
up €40,008 (+57.3%), from €69,818 to €109,826
- Taxes +€13,572
up €13,572 (+150.8%), from €8,997 to €22,570
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 | €173,107 | €246,960 | +€73,853 | +42.7% |
| Fixed assets | 21/28 | €47,247 | €43,358 | -€3,889 | -8.2% |
| Tangible fixed assets | 22/27 | €47,247 | €43,358 | -€3,889 | -8.2% |
| Plant, machinery and equipment | 23 | - | €0 | +€0 | |
| Furniture and vehicles | 24 | €479 | €1,648 | +€1,168 | +243.6% |
| Other tangible fixed assets | 26 | €46,767 | €41,710 | -€5,057 | -10.8% |
| Current assets | 29/58 | €125,860 | €203,602 | +€77,742 | +61.8% |
| Amounts receivable within one year | 40/41 | €9,638 | €3,371 | -€6,268 | -65.0% |
| Trade receivables | 40 | €8,636 | €56 | -€8,580 | -99.4% |
| Other amounts receivable | 41 | €1,003 | €3,315 | +€2,312 | +230.6% |
| Cash at bank and in hand | 54/58 | €116,222 | €199,693 | +€83,472 | +71.8% |
| Deferred charges and accrued income | 490/1 | - | €539 | +€539 | |
| Total equity and liabilities | 10/49 | €173,107 | €246,960 | +€73,853 | +42.7% |
| Equity | 10/15 | €161,518 | €203,063 | +€41,545 | +25.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Capital | 10 | €3,500 | - | -€3,500 | |
| Issued capital | 100 | €3,605 | - | -€3,605 | |
| Uncalled capital | 101 | €105 | - | -€105 | |
| Reserves | 13 | €155,100 | €196,645 | +€41,545 | +26.8% |
| Distributable reserves | 133 | €155,100 | €196,645 | +€41,545 | +26.8% |
| Profit (loss) carried forward | 14 | €2,918 | €2,918 | = | 0.0% |
| Amounts payable | 17/49 | €11,589 | €43,897 | +€32,308 | +278.8% |
| Amounts payable within one year | 42/48 | €11,269 | €43,897 | +€32,628 | +289.6% |
| Financial debts | 43 | - | €1,768 | +€1,768 | |
| Credit institutions | 430/8 | - | €1,768 | +€1,768 | |
| Trade debts | 44 | €1,040 | €5,160 | +€4,120 | +395.9% |
| Suppliers | 440/4 | €1,040 | €5,160 | +€4,120 | +395.9% |
| Taxes, remuneration and social security | 45 | €9,303 | €35,062 | +€25,758 | +276.9% |
| Taxes | 450/3 | €4,322 | €29,920 | +€25,599 | +592.3% |
| Remuneration and social security | 454/9 | €4,982 | €5,142 | +€160 | +3.2% |
| Other amounts payable | 47/48 | €925 | €1,906 | +€982 | +106.2% |
| Accrued charges and deferred income | 492/3 | €320 | €0 | -€320 | -100.0% |
| Turnover | 70 | €187,419 | - | -€187,419 | |
| Goods, raw materials, services and sundry goods | 60/61 | €119,890 | - | -€119,890 | |
| Remuneration, social security and pensions | 62 | €38,037 | €38,871 | +€834 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,286 | €6,037 | +€1,751 | +40.8% |
| Other operating charges | 640/8 | €581 | €387 | -€193 | -33.3% |
| Gross operating margin | 9900 | €69,818 | €109,826 | +€40,008 | +57.3% |
| Operating profit (loss) | 9901 | €26,914 | €64,531 | +€37,616 | +139.8% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €827 | €451 | -€376 | -45.4% |
| Recurring financial charges | 65 | €827 | €451 | -€376 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €26,087 | €64,115 | +€38,027 | +145.8% |
| Income taxes | 67/77 | €8,997 | €22,570 | +€13,572 | +150.8% |
| Profit (loss) for the period | 9904 | €17,090 | €41,545 | +€24,455 | +143.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,090 | €41,545 | +€24,455 | +143.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.