ALPHA CONSEILS: 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 CONSEILS
Largest movements
- Intangible fixed assets -€47,030
down €47,030 (-5.2%), from €898,072 to €851,042
- Tangible fixed assets -€46,191
down €46,191 (-30.0%), from €153,787 to €107,596
of which Furniture and vehicles: -€27,685
- Receivables within one year +€30,750
up €30,750 (+23.9%), from €128,691 to €159,441
of which Trade receivables: +€67,132
- Profit (loss) carried forward -€430,599
down €430,599 (-98.9%), from -€435,341 to -€865,940
- Debts after one year +€231,507
up €231,507 (+20.3%), from €1.1m to €1.4m
of which Financial debts: +€681,507
- Other debts +€228,796
up €228,796 (+390.8%), from €58,548 to €287,344
- Current portion of long-term debt -€57,213
down €57,213 (-22.2%), from €258,166 to €200,954
- Trade debts -€53,334
down €53,334 (-34.7%), from €153,744 to €100,410
- Gross operating margin +€1.4m
up €1.4m, from -€755,555 to €623,141
- Staff costs +€121,257
up €121,257 (+16.0%), from €759,504 to €880,761
- Financial charges +€19,862
up €19,862 (+38.8%), from €51,247 to €71,109
- Depreciation -€9,788
down €9,788 (-9.5%), from €103,395 to €93,607
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 | €1,870,285 | €1,790,886 | -€79,399 | -4.2% |
| Fixed assets | 21/28 | €1,708,019 | €1,613,048 | -€94,971 | -5.6% |
| Intangible fixed assets | 21 | €898,072 | €851,042 | -€47,030 | -5.2% |
| Tangible fixed assets | 22/27 | €153,787 | €107,596 | -€46,191 | -30.0% |
| Furniture and vehicles | 24 | €50,343 | €22,658 | -€27,685 | -55.0% |
| Other tangible fixed assets | 26 | €103,444 | €84,938 | -€18,506 | -17.9% |
| Financial fixed assets | 28 | €656,160 | €654,410 | -€1,750 | -0.3% |
| Current assets | 29/58 | €162,266 | €177,838 | +€15,571 | +9.6% |
| Amounts receivable within one year | 40/41 | €128,691 | €159,441 | +€30,750 | +23.9% |
| Trade receivables | 40 | €59,338 | €126,471 | +€67,132 | +113.1% |
| Other amounts receivable | 41 | €69,352 | €32,970 | -€36,382 | -52.5% |
| Current investments | 50/53 | €3,143 | €3,143 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,966 | €10,225 | -€6,741 | -39.7% |
| Deferred charges and accrued income | 490/1 | €13,467 | €5,029 | -€8,438 | -62.7% |
| Total equity and liabilities | 10/49 | €1,870,285 | €1,790,886 | -€79,399 | -4.2% |
| Equity | 10/15 | €7,316 | -€423,840 | -€431,156 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424,057 | €423,500 | -€557 | -0.1% |
| Tax-exempt reserves | 132 | €424,057 | €423,500 | -€557 | -0.1% |
| Profit (loss) carried forward | 14 | -€435,341 | -€865,940 | -€430,599 | -98.9% |
| Provisions and deferred taxes | 16 | €287 | - | -€287 | |
| Deferred taxes | 168 | €287 | - | -€287 | |
| Amounts payable | 17/49 | €1,862,682 | €2,214,726 | +€352,044 | +18.9% |
| Amounts payable after more than one year | 17 | €1,142,280 | €1,373,787 | +€231,507 | +20.3% |
| Financial debts | 170/4 | €692,280 | €1,373,787 | +€681,507 | +98.4% |
| Other amounts payable | 178/9 | €450,000 | - | -€450,000 | |
| Amounts payable within one year | 42/48 | €718,262 | €838,145 | +€119,883 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €258,166 | €200,954 | -€57,213 | -22.2% |
| Financial debts | 43 | €119,292 | €125,716 | +€6,424 | +5.4% |
| Credit institutions | 430/8 | €19,292 | €11,086 | -€8,207 | -42.5% |
| Other loans | 439 | €100,000 | €114,631 | +€14,631 | +14.6% |
| Trade debts | 44 | €153,744 | €100,410 | -€53,334 | -34.7% |
| Suppliers | 440/4 | €153,744 | €100,410 | -€53,334 | -34.7% |
| Taxes, remuneration and social security | 45 | €128,512 | €123,721 | -€4,790 | -3.7% |
| Taxes | 450/3 | €18,485 | €20,996 | +€2,511 | +13.6% |
| Remuneration and social security | 454/9 | €110,027 | €102,726 | -€7,302 | -6.6% |
| Other amounts payable | 47/48 | €58,548 | €287,344 | +€228,796 | +390.8% |
| Accrued charges and deferred income | 492/3 | €2,140 | €2,794 | +€654 | +30.5% |
| Non-recurring operating income | 76A | €8,819 | - | -€8,819 | |
| Remuneration, social security and pensions | 62 | €759,504 | €880,761 | +€121,257 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,395 | €93,607 | -€9,788 | -9.5% |
| Other operating charges | 640/8 | €8,739 | €5,552 | -€3,187 | -36.5% |
| Non-recurring operating charges | 66A | €8,734 | €2,674 | -€6,060 | -69.4% |
| Gross operating margin | 9900 | -€755,555 | €623,141 | +€1.4m | |
| Operating profit (loss) | 9901 | -€1,635,926 | -€359,453 | +€1.3m | +78.0% |
| Financial income | 75/76B | €914 | €383 | -€531 | -58.1% |
| Recurring financial income | 75 | €914 | €383 | -€531 | -58.1% |
| Financial charges | 65/66B | €51,247 | €71,109 | +€19,862 | +38.8% |
| Recurring financial charges | 65 | €51,247 | €71,109 | +€19,862 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,686,258 | -€430,179 | +€1.3m | +74.5% |
| Transfer from deferred taxes | 780 | €1,098 | €287 | -€811 | -73.9% |
| Income taxes | 67/77 | €1,187 | €1,264 | +€77 | +6.5% |
| Profit (loss) for the period | 9904 | -€1,686,347 | -€431,156 | +€1.3m | +74.4% |
| Transfer from tax-exempt reserves | 789 | €2,132 | €557 | -€1,575 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,684,215 | -€430,599 | +€1.3m | +74.4% |
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 6 October 2026 via checked.be.