ALPHA BUSINESS IMMO: 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.
What changed
ALPHA BUSINESS IMMO
NACE 82.100, Office administrative and support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€27,412
2023 · €56,127-€28,715
Equity
€246,880
2023 · €219,468+€27,412
Cash
€20,121
2023 · €1,312+€18,809
Balance sheet total
€3.0m
2023 · €2.7m+€261,405
Largest movements
Assets
- Tangible fixed assets +€213,586
up €213,586 (+9.8%), from €2.2m to €2.4m
of which Land and buildings: +€138,733
- Receivables within one year +€40,298
up €40,298 (+9.8%), from €412,542 to €452,840
of which Other amounts receivable: +€29,298
Equity and liabilities
- Other debts +€284,681
new in 2024: €284,681
- Debts after one year -€39,521
down €39,521 (-1.9%), from €2.1m to €2.1m
Income statement
- Gross operating margin -€102,762
down €102,762 (-42.6%), from €241,106 to €138,343
- Depreciation -€63,433
down €63,433 (-47.3%), from €134,044 to €70,612
- Other operating charges -€21,018
down €21,018 (-98.5%), from €21,327 to €310
- Taxes +€10,536
new in 2024: €10,536
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.
Result 2023
€56,127
Gross operating margin
-€102,762
Depreciation
+€63,433
Other operating charges
+€21,018
Financial income
-€110
Financial charges
+€243
Taxes
-€10,536
Result 2024
€27,412
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€340,053
Investment
-€280,435
Financing
-€40,808
Cash 2023
€1,312
From operations (derived)
+€340,053
Net result for the year
+€27,412
Depreciation
+€70,612
Receivables within one year
-€40,298
Deferred charges and accrued income
+€7,526
Trade debts
-€15,986
Tax, wage and social debts
+€9,727
Other debts
+€284,681
Accrued charges and deferred income
-€3,621
Investment (derived)
-€280,435
Investment in fixed assets (net)
-€280,435
Financing
-€40,808
Debts after one year
-€39,521
Current portion of long-term debt
-€1,287
Cash 2024
€20,121
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,689,355 | €2,950,759 | +€261,405 | +9.7% |
| Fixed assets | 21/28 | €2,267,691 | €2,477,514 | +€209,823 | +9.3% |
| Intangible fixed assets | 21 | €89,370 | €85,607 | -€3,763 | -4.2% |
| Tangible fixed assets | 22/27 | €2,178,321 | €2,391,907 | +€213,586 | +9.8% |
| Land and buildings | 22 | €2,066,354 | €2,205,088 | +€138,733 | +6.7% |
| Plant, machinery and equipment | 23 | €15,660 | €12,244 | -€3,417 | -21.8% |
| Furniture and vehicles | 24 | €93,212 | €158,006 | +€64,794 | +69.5% |
| Leasing and similar rights | 25 | €3,094 | €41 | -€3,053 | -98.7% |
| Other tangible fixed assets | 26 | - | €16,529 | +€16,529 | |
| Current assets | 29/58 | €421,664 | €473,245 | +€51,581 | +12.2% |
| Amounts receivable within one year | 40/41 | €412,542 | €452,840 | +€40,298 | +9.8% |
| Trade receivables | 40 | €411,000 | €422,000 | +€11,000 | +2.7% |
| Other amounts receivable | 41 | €1,542 | €30,840 | +€29,298 | +1,901% |
| Cash at bank and in hand | 54/58 | €1,312 | €20,121 | +€18,809 | +1,434% |
| Deferred charges and accrued income | 490/1 | €7,810 | €284 | -€7,526 | -96.4% |
| Total equity and liabilities | 10/49 | €2,689,355 | €2,950,759 | +€261,405 | +9.7% |
| Equity | 10/15 | €219,468 | €246,880 | +€27,412 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200,868 | €228,280 | +€27,412 | +13.6% |
| Tax-exempt reserves | 132 | €174,272 | €174,272 | = | 0.0% |
| Distributable reserves | 133 | €26,596 | €54,008 | +€27,412 | +103% |
| Provisions and deferred taxes | 16 | €58,091 | €58,091 | = | 0.0% |
| Deferred taxes | 168 | €58,091 | €58,091 | = | 0.0% |
| Amounts payable | 17/49 | €2,411,796 | €2,645,788 | +€233,992 | +9.7% |
| Amounts payable after more than one year | 17 | €2,130,890 | €2,091,369 | -€39,521 | -1.9% |
| Financial debts | 170/4 | €2,130,890 | €2,091,369 | -€39,521 | -1.9% |
| Amounts payable within one year | 42/48 | €276,225 | €553,359 | +€277,135 | +100% |
| Current portion of amounts payable after more than one year | 42 | €117,091 | €115,804 | -€1,287 | -1.1% |
| Trade debts | 44 | €158,323 | €142,337 | -€15,986 | -10.1% |
| Suppliers | 440/4 | €68,540 | €1,337 | -€67,203 | -98.0% |
| Bills of exchange payable | 441 | €89,783 | €141,000 | +€51,217 | +57.0% |
| Taxes, remuneration and social security | 45 | €810 | €10,537 | +€9,727 | +1,201% |
| Taxes | 450/3 | €810 | €10,537 | +€9,727 | +1,201% |
| Other amounts payable | 47/48 | - | €284,681 | +€284,681 | |
| Accrued charges and deferred income | 492/3 | €4,682 | €1,061 | -€3,621 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,044 | €70,612 | -€63,433 | -47.3% |
| Other operating charges | 640/8 | €21,327 | €310 | -€21,018 | -98.5% |
| Gross operating margin | 9900 | €241,106 | €138,343 | -€102,762 | -42.6% |
| Operating profit (loss) | 9901 | €85,734 | €67,422 | -€18,312 | -21.4% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €29,717 | €29,474 | -€243 | -0.8% |
| Recurring financial charges | 65 | €29,717 | €29,474 | -€243 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €56,127 | €37,948 | -€18,179 | -32.4% |
| Income taxes | 67/77 | - | €10,536 | +€10,536 | |
| Profit (loss) for the period | 9904 | €56,127 | €27,412 | -€28,715 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,127 | €27,412 | -€28,715 | -51.2% |
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 31 October 2026 via checked.be.