ALPHA EYES: 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 EYES
Largest movements
- Cash -€21,105
down €21,105 (-13.8%), from €152,906 to €131,801
mainly Other debts (-€65,556) and Investment in fixed assets (net) (-€27,729)
- Current investments +€17,917
new in 2025: €17,917
- Receivables within one year -€11,120
down €11,120 (-61.5%), from €18,068 to €6,948
of which Other amounts receivable: -€12,120
- Tangible fixed assets -€10,449
down €10,449 (-5.5%), from €189,885 to €179,436
of which Land and buildings: -€25,605
- Other debts -€65,556
down €65,556 (-98.7%), from €66,389 to €833
- Reserves +€45,154
up €45,154 (+28.4%), from €158,808 to €203,961
- Profit (loss) carried forward +€33,386
up €33,386, from -€33,386 to €0
- Debts after one year -€26,675
down €26,675 (-100%), from €26,675 to €0
- Current portion of long-term debt -€7,463
down €7,463 (-20.1%), from €37,050 to €29,587
- Gross operating margin +€40,710
up €40,710 (+37.0%), from €109,892 to €150,602
- Taxes +€18,067
up €18,067 (+253%), from €7,138 to €25,205
- Financial charges -€3,034
down €3,034 (-32.6%), from €9,308 to €6,273
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.
Derived cash bridge
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 | €386,273 | €362,740 | -€23,533 | -6.1% |
| Fixed assets | 21/28 | €189,885 | €179,436 | -€10,449 | -5.5% |
| Tangible fixed assets | 22/27 | €189,885 | €179,436 | -€10,449 | -5.5% |
| Land and buildings | 22 | €153,337 | €127,733 | -€25,605 | -16.7% |
| Plant, machinery and equipment | 23 | €32,280 | €23,942 | -€8,337 | -25.8% |
| Furniture and vehicles | 24 | €4,268 | €27,761 | +€23,493 | +550% |
| Current assets | 29/58 | €196,387 | €183,304 | -€13,084 | -6.7% |
| Amounts receivable within one year | 40/41 | €18,068 | €6,948 | -€11,120 | -61.5% |
| Trade receivables | 40 | €0 | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | €18,068 | €5,948 | -€12,120 | -67.1% |
| Current investments | 50/53 | - | €17,917 | +€17,917 | |
| Cash at bank and in hand | 54/58 | €152,906 | €131,801 | -€21,105 | -13.8% |
| Deferred charges and accrued income | 490/1 | €25,413 | €26,638 | +€1,225 | +4.8% |
| Total equity and liabilities | 10/49 | €386,273 | €362,740 | -€23,533 | -6.1% |
| Equity | 10/15 | €137,822 | €216,361 | +€78,540 | +57.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €158,808 | €203,961 | +€45,154 | +28.4% |
| Distributable reserves | 133 | €158,808 | €203,961 | +€45,154 | +28.4% |
| Profit (loss) carried forward | 14 | -€33,386 | €0 | +€33,386 | |
| Provisions and deferred taxes | 16 | €95,236 | €95,236 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €95,236 | €95,236 | = | 0.0% |
| Pensions and similar obligations | 160 | €95,236 | €95,236 | = | 0.0% |
| Amounts payable | 17/49 | €153,215 | €51,143 | -€102,072 | -66.6% |
| Amounts payable after more than one year | 17 | €26,675 | €0 | -€26,675 | -100% |
| Financial debts | 170/4 | €26,675 | €0 | -€26,675 | -100% |
| Amounts payable within one year | 42/48 | €121,714 | €48,969 | -€72,745 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €37,050 | €29,587 | -€7,463 | -20.1% |
| Trade debts | 44 | €7,249 | €7,222 | -€27 | -0.4% |
| Suppliers | 440/4 | €7,249 | €7,222 | -€27 | -0.4% |
| Taxes, remuneration and social security | 45 | €11,026 | €11,327 | +€301 | +2.7% |
| Taxes | 450/3 | €8,481 | €11,327 | +€2,846 | +33.6% |
| Remuneration and social security | 454/9 | €2,545 | €0 | -€2,545 | -100% |
| Other amounts payable | 47/48 | €66,389 | €833 | -€65,556 | -98.7% |
| Accrued charges and deferred income | 492/3 | €4,825 | €2,174 | -€2,651 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,089 | €38,179 | +€90 | +0.2% |
| Other operating charges | 640/8 | €1,625 | €1,676 | +€51 | +3.1% |
| Gross operating margin | 9900 | €109,892 | €150,602 | +€40,710 | +37.0% |
| Operating profit (loss) | 9901 | €70,178 | €110,747 | +€40,569 | +57.8% |
| Financial income | 75/76B | €51 | €104 | +€53 | +103% |
| Recurring financial income | 75 | €51 | €104 | +€53 | +103% |
| Financial charges | 65/66B | €9,308 | €6,273 | -€3,034 | -32.6% |
| Recurring financial charges | 65 | €9,308 | €6,273 | -€3,034 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €60,922 | €104,577 | +€43,656 | +71.7% |
| Income taxes | 67/77 | €7,138 | €25,205 | +€18,067 | +253% |
| Profit (loss) for the period | 9904 | €53,784 | €79,373 | +€25,589 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,784 | €79,373 | +€25,589 | +47.6% |
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 14 October 2026 via checked.be.