ALPHA ELECTRONICS: 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.
What changed
ALPHA ELECTRONICS
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€49,345
2023 · €86,704-€37,359
Equity
€657,557
2023 · €608,213+€49,345
Cash
€42,226
2023 · €30,412+€11,814
Balance sheet total
€1.7m
2023 · €1.5m+€173,115
Largest movements
Assets
- Tangible fixed assets +€157,547
up €157,547 (+17.2%), from €915,622 to €1.1m
of which Land and buildings: +€166,157
- Receivables within one year +€102,540
up €102,540 (+34.7%), from €295,537 to €398,078
of which Other amounts receivable: +€68,670
- Stocks and contracts -€95,413
down €95,413 (-31.8%), from €300,216 to €204,803
of which Stocks: -€76,139
Equity and liabilities
- Debts after one year +€132,136
up €132,136 (+21.0%), from €629,020 to €761,156
- Current portion of long-term debt +€49,019
up €49,019 (+66.7%), from €73,508 to €122,527
- Short-term financial debts -€30,000
down €30,000 (-37.5%), from €80,000 to €50,000
- Profit (loss) carried forward +€29,345
up €29,345 (+6.6%), from €444,613 to €473,957
- Other debts -€20,133
no longer reported in 2024 (was €20,133)
Income statement
- Staff costs +€84,578
up €84,578 (+45.6%), from €185,356 to €269,934
- Gross operating margin +€43,572
up €43,572 (+11.1%), from €393,258 to €436,830
- Depreciation -€5,411
down €5,411 (-6.6%), from €82,369 to €76,957
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
€86,704
Gross operating margin
+€43,572
Staff costs
-€84,578
Depreciation
+€5,411
Write-downs
+€3,735
Other operating charges
-€253
Financial income
-€2,057
Financial charges
+€231
Taxes
-€3,421
Result 2024
€49,345
Cash bridge derived
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
+€95,164
Investment
-€234,505
Financing
+€151,154
Cash 2023
€30,412
From operations (derived)
+€95,164
Net result for the year
+€49,345
Depreciation
+€76,957
Stocks and contracts
+€95,413
Receivables within one year
-€102,540
Deferred charges and accrued income
+€3,374
Trade debts
-€1,332
Tax, wage and social debts
-€1,473
Other debts
-€20,133
Accrued charges and deferred income
-€4,445
Investment (derived)
-€234,505
Investment in fixed assets (net)
-€234,505
Financing
+€151,154
Debts after one year
+€132,136
Current portion of long-term debt
+€49,019
Short-term financial debts
-€30,000
Cash 2024
€42,226
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,549,631 | €1,722,746 | +€173,115 | +11.2% |
| Fixed assets | 21/28 | €915,622 | €1,073,169 | +€157,547 | +17.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €915,622 | €1,073,169 | +€157,547 | +17.2% |
| Land and buildings | 22 | €814,669 | €980,826 | +€166,157 | +20.4% |
| Plant, machinery and equipment | 23 | €25,401 | €34,807 | +€9,406 | +37.0% |
| Furniture and vehicles | 24 | €75,552 | €57,536 | -€18,016 | -23.8% |
| Current assets | 29/58 | €634,009 | €649,577 | +€15,567 | +2.5% |
| Stocks and contracts in progress | 3 | €300,216 | €204,803 | -€95,413 | -31.8% |
| Stocks | 30/36 | €115,534 | €39,395 | -€76,139 | -65.9% |
| Contracts in progress | 37 | €184,682 | €165,408 | -€19,274 | -10.4% |
| Amounts receivable within one year | 40/41 | €295,537 | €398,078 | +€102,540 | +34.7% |
| Trade receivables | 40 | €290,947 | €324,817 | +€33,870 | +11.6% |
| Other amounts receivable | 41 | €4,590 | €73,260 | +€68,670 | +1496.0% |
| Cash at bank and in hand | 54/58 | €30,412 | €42,226 | +€11,814 | +38.8% |
| Deferred charges and accrued income | 490/1 | €7,844 | €4,470 | -€3,374 | -43.0% |
| Total equity and liabilities | 10/49 | €1,549,631 | €1,722,746 | +€173,115 | +11.2% |
| Equity | 10/15 | €608,213 | €657,557 | +€49,345 | +8.1% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Capital | 10 | €76,000 | €76,000 | = | 0.0% |
| Issued capital | 100 | €76,000 | €76,000 | = | 0.0% |
| Reserves | 13 | €87,600 | €107,600 | +€20,000 | +22.8% |
| Non-distributable reserves | 130/1 | €7,600 | €7,600 | = | 0.0% |
| Legal reserve | 130 | €7,600 | €7,600 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €100,000 | +€20,000 | +25.0% |
| Profit (loss) carried forward | 14 | €444,613 | €473,957 | +€29,345 | +6.6% |
| Amounts payable | 17/49 | €941,419 | €1,065,189 | +€123,770 | +13.1% |
| Amounts payable after more than one year | 17 | €629,020 | €761,156 | +€132,136 | +21.0% |
| Financial debts | 170/4 | €629,020 | €761,156 | +€132,136 | +21.0% |
| Amounts payable within one year | 42/48 | €307,953 | €304,032 | -€3,921 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €73,508 | €122,527 | +€49,019 | +66.7% |
| Financial debts | 43 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Credit institutions | 430/8 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Trade debts | 44 | €92,007 | €90,674 | -€1,332 | -1.4% |
| Suppliers | 440/4 | €92,007 | €90,674 | -€1,332 | -1.4% |
| Taxes, remuneration and social security | 45 | €42,305 | €40,832 | -€1,473 | -3.5% |
| Taxes | 450/3 | €18,623 | - | -€18,623 | |
| Remuneration and social security | 454/9 | €23,683 | €40,832 | +€17,149 | +72.4% |
| Other amounts payable | 47/48 | €20,133 | - | -€20,133 | |
| Accrued charges and deferred income | 492/3 | €4,445 | - | -€4,445 | |
| Remuneration, social security and pensions | 62 | €185,356 | €269,934 | +€84,578 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,369 | €76,957 | -€5,411 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,735 | - | -€3,735 | |
| Other operating charges | 640/8 | €7,627 | €7,881 | +€253 | +3.3% |
| Gross operating margin | 9900 | €393,258 | €436,830 | +€43,572 | +11.1% |
| Operating profit (loss) | 9901 | €114,171 | €82,059 | -€32,112 | -28.1% |
| Financial income | 75/76B | €3,655 | €1,598 | -€2,057 | -56.3% |
| Recurring financial income | 75 | €3,655 | €1,598 | -€2,057 | -56.3% |
| Financial charges | 65/66B | €13,613 | €13,382 | -€231 | -1.7% |
| Recurring financial charges | 65 | €13,613 | €13,382 | -€231 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €104,213 | €70,275 | -€33,938 | -32.6% |
| Income taxes | 67/77 | €17,509 | €20,930 | +€3,421 | +19.5% |
| Profit (loss) for the period | 9904 | €86,704 | €49,345 | -€37,359 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,704 | €49,345 | -€37,359 | -43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.