ALPHA CARS: what changed
ALPHA CARS
Largest movements
- Stocks and contracts -€132,748
down €132,748 (-26.4%), from €502,722 to €369,973
- Cash +€13,420
up €13,420 (+28.4%), from €47,264 to €60,684
mainly Stocks and contracts (+€132,748) and Current portion of long-term debt (+€50,000)
- Receivables within one year -€8,515
down €8,515 (-5.2%), from €165,141 to €156,626
of which Trade receivables: -€8,515
- Other debts -€78,356
down €78,356 (-47.2%), from €166,179 to €87,823
- Profit (loss) carried forward -€53,032
down €53,032 (-27.8%), from €190,441 to €137,410
- Current portion of long-term debt +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Tax, wage and social debts -€29,130
down €29,130 (-50.9%), from €57,181 to €28,050
of which Taxes: -€28,578
- Trade debts -€17,698
down €17,698 (-11.4%), from €155,797 to €138,099
- Purchases and services -€1.5m
no longer reported in 2025 (was €1.5m)
- Gross operating margin -€65,148
down €65,148 (-97.7%), from €66,651 to €1,503
- Financial income -€18,051
down €18,051 (-100.0%), from €18,054 to €3
of which Non-recurring financial income: -€18,033
- Taxes -€10,202
down €10,202 (-91.7%), from €11,124 to €922
- Financial charges +€951
up €951 (+13.1%), from €7,235 to €8,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,991 | €595,812 | -€128,179 | -17.7% |
| Fixed assets | 21/28 | €8,864 | €7,793 | -€1,071 | -12.1% |
| Tangible fixed assets | 22/27 | €5,691 | €4,620 | -€1,071 | -18.8% |
| Plant, machinery and equipment | 23 | €1,710 | €1,082 | -€628 | -36.7% |
| Furniture and vehicles | 24 | €439 | €846 | +€407 | +92.7% |
| Other tangible fixed assets | 26 | €3,542 | €2,692 | -€850 | -24.0% |
| Financial fixed assets | 28 | €3,173 | €3,173 | = | 0.0% |
| Current assets | 29/58 | €715,126 | €588,019 | -€127,108 | -17.8% |
| Stocks and contracts in progress | 3 | €502,722 | €369,973 | -€132,748 | -26.4% |
| Stocks | 30/36 | €502,722 | €369,973 | -€132,748 | -26.4% |
| Amounts receivable within one year | 40/41 | €165,141 | €156,626 | -€8,515 | -5.2% |
| Trade receivables | 40 | €165,141 | €156,626 | -€8,515 | -5.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €47,264 | €60,684 | +€13,420 | +28.4% |
| Deferred charges and accrued income | 490/1 | €0 | €735 | +€735 | |
| Total equity and liabilities | 10/49 | €723,991 | €595,812 | -€128,179 | -17.7% |
| Equity | 10/15 | €202,301 | €149,270 | -€53,032 | -26.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,441 | €137,410 | -€53,032 | -27.8% |
| Amounts payable | 17/49 | €521,689 | €446,542 | -€75,147 | -14.4% |
| Amounts payable after more than one year | 17 | €42,127 | €42,127 | = | 0.0% |
| Other amounts payable | 178/9 | €42,127 | €42,127 | = | 0.0% |
| Amounts payable within one year | 42/48 | €479,156 | €403,973 | -€75,184 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Trade debts | 44 | €155,797 | €138,099 | -€17,698 | -11.4% |
| Suppliers | 440/4 | €155,797 | €138,099 | -€17,698 | -11.4% |
| Taxes, remuneration and social security | 45 | €57,181 | €28,050 | -€29,130 | -50.9% |
| Taxes | 450/3 | €56,629 | €28,050 | -€28,578 | -50.5% |
| Remuneration and social security | 454/9 | €552 | €0 | -€552 | -100% |
| Other amounts payable | 47/48 | €166,179 | €87,823 | -€78,356 | -47.2% |
| Accrued charges and deferred income | 492/3 | €406 | €442 | +€37 | +9.0% |
| Non-recurring operating income | 76A | €50 | €6,071 | +€6,021 | +12,042% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,518,444 | - | -€1.5m | |
| Remuneration, social security and pensions | 62 | €35,342 | €35,314 | -€28 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,628 | €1,784 | +€156 | +9.6% |
| Other operating charges | 640/8 | €7,592 | €7,627 | +€35 | +0.5% |
| Non-recurring operating charges | 66A | €1,995 | €706 | -€1,289 | -64.6% |
| Gross operating margin | 9900 | €66,651 | €1,503 | -€65,148 | -97.7% |
| Operating profit (loss) | 9901 | €20,095 | -€43,927 | -€64,022 | |
| Financial income | 75/76B | €18,054 | €3 | -€18,051 | -100.0% |
| Recurring financial income | 75 | €21 | €3 | -€18 | -87.4% |
| Non-recurring financial income | 76B | €18,033 | - | -€18,033 | |
| Financial charges | 65/66B | €7,235 | €8,186 | +€951 | +13.1% |
| Recurring financial charges | 65 | €7,235 | €8,186 | +€951 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €30,914 | -€52,110 | -€83,024 | |
| Income taxes | 67/77 | €11,124 | €922 | -€10,202 | -91.7% |
| Profit (loss) for the period | 9904 | €19,790 | -€53,032 | -€72,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,790 | -€53,032 | -€72,822 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.