Alpha Finance: 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 Finance
Largest movements
- Cash +€92,873
up €92,873 (+139%), from €66,580 to €159,453
mainly Other debts (+€200,000) and Receivables within one year (+€88,390)
- Receivables within one year -€88,390
down €88,390 (-48.3%), from €182,890 to €94,500
of which Trade receivables: -€88,390
- Other debts +€200,000
up €200,000, from €0 to €200,000
- Profit (loss) carried forward -€159,881
down €159,881 (-92.2%), from €173,438 to €13,557
- Tax, wage and social debts -€26,361
down €26,361 (-45.4%), from €58,032 to €31,671
- Trade debts -€9,275
down €9,275 (-58.0%), from €16,000 to €6,725
- Gross operating margin -€17,056
down €17,056 (-24.0%), from €71,140 to €54,084
- Taxes -€4,949
down €4,949 (-27.0%), from €18,310 to €13,361
- Financial income -€2,652
down €2,652 (-100%), from €2,652 to €0
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 | €249,470 | €253,953 | +€4,483 | +1.8% |
| Current assets | 29/58 | €249,470 | €253,953 | +€4,483 | +1.8% |
| Amounts receivable within one year | 40/41 | €182,890 | €94,500 | -€88,390 | -48.3% |
| Trade receivables | 40 | €88,390 | €0 | -€88,390 | -100% |
| Other amounts receivable | 41 | €94,500 | €94,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,580 | €159,453 | +€92,873 | +139% |
| Total equity and liabilities | 10/49 | €249,470 | €253,953 | +€4,483 | +1.8% |
| Equity | 10/15 | €175,438 | €15,557 | -€159,881 | -91.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,438 | €13,557 | -€159,881 | -92.2% |
| Amounts payable | 17/49 | €74,032 | €238,396 | +€164,364 | +222% |
| Amounts payable within one year | 42/48 | €74,032 | €238,396 | +€164,364 | +222% |
| Trade debts | 44 | €16,000 | €6,725 | -€9,275 | -58.0% |
| Suppliers | 440/4 | €16,000 | €6,725 | -€9,275 | -58.0% |
| Taxes, remuneration and social security | 45 | €58,032 | €31,671 | -€26,361 | -45.4% |
| Taxes | 450/3 | €58,032 | €31,671 | -€26,361 | -45.4% |
| Other amounts payable | 47/48 | €0 | €200,000 | +€200,000 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €71,140 | €54,084 | -€17,056 | -24.0% |
| Operating profit (loss) | 9901 | €70,612 | €53,540 | -€17,072 | -24.2% |
| Financial income | 75/76B | €2,652 | €0 | -€2,652 | -100% |
| Recurring financial income | 75 | €2,652 | €0 | -€2,652 | -100% |
| Financial charges | 65/66B | €60 | €60 | +€0 | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €73,204 | €53,480 | -€19,724 | -26.9% |
| Income taxes | 67/77 | €18,310 | €13,361 | -€4,949 | -27.0% |
| Profit (loss) for the period | 9904 | €54,894 | €40,119 | -€14,775 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,894 | €40,119 | -€14,775 | -26.9% |
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.