ALPHA EXPRESS DELIVERY: 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.
ALPHA EXPRESS DELIVERY
Largest movements
- Receivables within one year +€92,395
up €92,395 (+29.0%), from €318,431 to €410,826
of which Trade receivables: +€93,789
- Tangible fixed assets +€55,345
up €55,345 (+406.8%), from €13,605 to €68,951
of which Furniture and vehicles: +€52,175
- Cash +€44,936
up €44,936 (+32.7%), from €137,369 to €182,305
mainly Net result for the year (+€110,722) and Trade debts (+€60,241)
- Financial fixed assets +€9,000
up €9,000 (+791.4%), from €1,137 to €10,137
- Profit (loss) carried forward +€60,722
up €60,722 (+46.9%), from €129,395 to €190,117
- Trade debts +€60,241
up €60,241 (+33.1%), from €182,087 to €242,328
- Debts after one year +€41,057
up €41,057 (+9742.5%), from €421 to €41,478
of which Financial debts: +€41,478
- Other debts +€32,262
new in 2025: €32,262
- Gross operating margin +€74,462
up €74,462 (+38.1%), from €195,328 to €269,790
- Staff costs -€30,706
down €30,706 (-27.9%), from €110,038 to €79,331
- Taxes +€19,675
up €19,675 (+130.6%), from €15,062 to €34,737
- Depreciation +€13,456
up €13,456 (+140.1%), from €9,605 to €23,061
- Financial charges +€11,662
up €11,662 (+558.5%), from €2,088 to €13,750
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 | €470,543 | €672,219 | +€201,676 | +42.9% |
| Fixed assets | 21/28 | €14,743 | €79,088 | +€64,345 | +436.5% |
| Tangible fixed assets | 22/27 | €13,605 | €68,951 | +€55,345 | +406.8% |
| Plant, machinery and equipment | 23 | - | €3,170 | +€3,170 | |
| Furniture and vehicles | 24 | €13,605 | €65,780 | +€52,175 | +383.5% |
| Financial fixed assets | 28 | €1,137 | €10,137 | +€9,000 | +791.4% |
| Current assets | 29/58 | €455,800 | €593,131 | +€137,331 | +30.1% |
| Amounts receivable within one year | 40/41 | €318,431 | €410,826 | +€92,395 | +29.0% |
| Trade receivables | 40 | €303,966 | €397,755 | +€93,789 | +30.9% |
| Other amounts receivable | 41 | €14,466 | €13,071 | -€1,394 | -9.6% |
| Cash at bank and in hand | 54/58 | €137,369 | €182,305 | +€44,936 | +32.7% |
| Total equity and liabilities | 10/49 | €470,543 | €672,219 | +€201,676 | +42.9% |
| Equity | 10/15 | €225,486 | €286,208 | +€60,722 | +26.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €34,091 | €34,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,431 | €11,431 | = | 0.0% |
| Legal reserve | 130 | €5,015 | €5,015 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,416 | €6,416 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,660 | €22,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,395 | €190,117 | +€60,722 | +46.9% |
| Amounts payable | 17/49 | €245,057 | €386,011 | +€140,955 | +57.5% |
| Amounts payable after more than one year | 17 | €421 | €41,478 | +€41,057 | +9742.5% |
| Financial debts | 170/4 | - | €41,478 | +€41,478 | |
| Other amounts payable | 178/9 | €421 | - | -€421 | |
| Amounts payable within one year | 42/48 | €244,635 | €344,533 | +€99,898 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €25,906 | €28,172 | +€2,265 | +8.7% |
| Trade debts | 44 | €182,087 | €242,328 | +€60,241 | +33.1% |
| Suppliers | 440/4 | €182,087 | €242,328 | +€60,241 | +33.1% |
| Taxes, remuneration and social security | 45 | €36,642 | €41,771 | +€5,129 | +14.0% |
| Taxes | 450/3 | €17,805 | €28,312 | +€10,507 | +59.0% |
| Remuneration and social security | 454/9 | €18,837 | €13,459 | -€5,378 | -28.6% |
| Other amounts payable | 47/48 | - | €32,262 | +€32,262 | |
| Non-recurring operating income | 76A | - | €33 | +€33 | |
| Remuneration, social security and pensions | 62 | €110,038 | €79,331 | -€30,706 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,605 | €23,061 | +€13,456 | +140.1% |
| Other operating charges | 640/8 | €10,964 | €8,323 | -€2,641 | -24.1% |
| Non-recurring operating charges | 66A | - | €424 | +€424 | |
| Gross operating margin | 9900 | €195,328 | €269,790 | +€74,462 | +38.1% |
| Operating profit (loss) | 9901 | €64,721 | €158,650 | +€93,929 | +145.1% |
| Financial income | 75/76B | €10 | €559 | +€549 | +5530.0% |
| Recurring financial income | 75 | €10 | €559 | +€549 | +5530.0% |
| Financial charges | 65/66B | €2,088 | €13,750 | +€11,662 | +558.5% |
| Recurring financial charges | 65 | €2,088 | €13,750 | +€11,662 | +558.5% |
| Profit (loss) for the period before taxes | 9903 | €62,643 | €145,458 | +€82,816 | +132.2% |
| Income taxes | 67/77 | €15,062 | €34,737 | +€19,675 | +130.6% |
| Profit (loss) for the period | 9904 | €47,581 | €110,722 | +€63,141 | +132.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,581 | €110,722 | +€63,141 | +132.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.