ALPHA FOODS: what changed
What changed
ALPHA FOODS
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.4m
2023 · -€7.6m+€9.0m
Equity
€1.5m
2023 · -€4.1m+€5.6m
Cash
€423,832
2023 · €1.7m-€1.3m
Balance sheet total
€12.9m
2023 · €25.2m-€12.3m
Largest movements
Assets
- Intangible fixed assets -€14.6m
down €14.6m (-98.7%), from €14.8m to €191,723
- Stocks and contracts +€2.0m
up €2.0m (+36.6%), from €5.4m to €7.3m
- Receivables within one year +€1.7m
up €1.7m (+50.5%), from €3.3m to €4.9m
of which Trade receivables: +€2.4m
- Cash -€1.3m
down €1.3m (-75.5%), from €1.7m to €423,832
mainly Current portion of long-term debt (-€25.1m) and Stocks and contracts (-€2.0m)
Equity and liabilities
- Current portion of long-term debt -€25.1m
down €25.1m (-99.0%), from €25.4m to €241,711
- Short-term financial debts +€7.9m
new in 2024: €7.9m
- Contributions +€4.3m
up €4.3m (+120%), from €3.6m to €7.8m
- Profit (loss) carried forward +€1.4m
up €1.4m (+18.0%), from -€7.7m to -€6.3m
- Trade debts -€376,340
down €376,340 (-11.4%), from €3.3m to €2.9m
Income statement
- Depreciation -€4.3m
down €4.3m (-96.7%), from €4.4m to €143,308
- Goods and materials -€2.3m
down €2.3m (-14.8%), from €15.8m to €13.5m
of which Change in stocks: decrease (increase): -€2.8m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€7.6m
Turnover
-€162,466
Other operating income
-€128,820
Goods and materials
+€2.3m
Services and other goods
+€190,114
Staff costs
+€61,404
Depreciation
+€4.3m
Write-downs
+€180,349
Other operating charges
-€74,039
Other operating items
+€2.4m
Financial income
+€567
Financial charges
-€32,267
Taxes
-€3,742
Result 2024
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.8m
Investment
+€14.5m
Financing
-€13.0m
Cash 2023
€1.7m
From operations (derived)
-€2.8m
Net result for the year
+€1.4m
Depreciation
+€143,308
Stocks and contracts
-€2.0m
Receivables within one year
-€1.7m
Smaller working-capital items
-€30,269
Trade debts
-€376,340
Tax, wage and social debts
-€158,339
Other debts
-€125,354
Investment (derived)
+€14.5m
Investment in fixed assets (net)
+€14.5m
Financing
-€13.0m
Current portion of long-term debt
-€25.1m
Short-term financial debts
+€7.9m
Contributions, distributions and other
+€4.2m
Cash 2024
€423,832
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,176,076 | €12,899,787 | -€12.3m | -48.8% |
| Fixed assets | 21/28 | €14,803,216 | €199,744 | -€14.6m | -98.7% |
| Intangible fixed assets | 21 | €14,801,360 | €191,723 | -€14.6m | -98.7% |
| Tangible fixed assets | 22/27 | €1,493 | €7,658 | +€6,165 | +413% |
| Furniture and vehicles | 24 | €1,493 | €7,658 | +€6,165 | +413% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €10,372,860 | €12,700,043 | +€2.3m | +22.4% |
| Stocks and contracts in progress | 3 | €5,372,215 | €7,338,093 | +€2.0m | +36.6% |
| Stocks | 30/36 | €5,372,215 | €7,338,093 | +€2.0m | +36.6% |
| Finished goods | 33 | €5,372,215 | €7,338,093 | +€2.0m | +36.6% |
| Amounts receivable within one year | 40/41 | €3,272,523 | €4,924,788 | +€1.7m | +50.5% |
| Trade receivables | 40 | €625,326 | €2,983,435 | +€2.4m | +377% |
| Other amounts receivable | 41 | €2,647,197 | €1,941,353 | -€705,844 | -26.7% |
| Cash at bank and in hand | 54/58 | €1,728,122 | €423,832 | -€1.3m | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €13,330 | +€13,330 | |
| Total equity and liabilities | 10/49 | €25,176,076 | €12,899,787 | -€12.3m | -48.8% |
| Equity | 10/15 | -€4,103,366 | €1,528,952 | +€5.6m | |
| Contributions | 10/11 | €3,556,000 | €7,806,000 | +€4.3m | +120% |
| Profit (loss) carried forward | 14 | -€7,659,366 | -€6,277,048 | +€1.4m | +18.0% |
| Amounts payable | 17/49 | €29,279,442 | €11,370,835 | -€17.9m | -61.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Subordinated loans | 170 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,279,442 | €11,370,835 | -€17.9m | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €25,390,140 | €241,711 | -€25.1m | -99.0% |
| Financial debts | 43 | - | €7,916,794 | +€7.9m | |
| Other loans | 439 | - | €7,916,794 | +€7.9m | |
| Trade debts | 44 | €3,308,926 | €2,932,586 | -€376,340 | -11.4% |
| Suppliers | 440/4 | €3,308,926 | €2,932,586 | -€376,340 | -11.4% |
| Advances received on contracts in progress | 46 | €16,939 | €0 | -€16,939 | -100% |
| Taxes, remuneration and social security | 45 | €428,437 | €270,098 | -€158,339 | -37.0% |
| Taxes | 450/3 | €296,564 | €261,724 | -€34,840 | -11.7% |
| Remuneration and social security | 454/9 | €131,873 | €8,374 | -€123,499 | -93.7% |
| Other amounts payable | 47/48 | €135,000 | €9,646 | -€125,354 | -92.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €22,000,281 | €24,105,133 | +€2.1m | +9.6% |
| Turnover | 70 | €21,750,197 | €21,587,731 | -€162,466 | -0.7% |
| Other operating income | 74 | €250,084 | €121,265 | -€128,820 | -51.5% |
| Non-recurring operating income | 76A | - | €2,396,137 | +€2.4m | |
| Operating charges | 60/66A | €27,694,330 | €20,745,871 | -€6.9m | -25.1% |
| Goods for resale, raw materials and consumables | 60 | €15,804,549 | €13,469,971 | -€2.3m | -14.8% |
| Purchases | 600/8 | €15,293,869 | €15,754,661 | +€460,792 | +3.0% |
| Change in stocks: decrease (increase) | 609 | €510,680 | -€2,284,690 | -€2.8m | |
| Services and other goods | 61 | €6,903,646 | €6,713,532 | -€190,114 | -2.8% |
| Remuneration, social security and pensions | 62 | €102,959 | €41,555 | -€61,404 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,399,361 | €143,308 | -€4.3m | -96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €483,815 | €303,466 | -€180,349 | -37.3% |
| Other operating charges | 640/8 | - | €74,039 | +€74,039 | |
| Operating profit (loss) | 9901 | -€5,694,049 | €3,359,262 | +€9.1m | |
| Financial income | 75/76B | €90,231 | €90,798 | +€567 | +0.6% |
| Recurring financial income | 75 | €90,231 | €90,798 | +€567 | +0.6% |
| Income from current assets | 751 | €78,600 | €53,526 | -€25,074 | -31.9% |
| Other financial income | 752/9 | €11,631 | €37,272 | +€25,641 | +220% |
| Financial charges | 65/66B | €2,031,733 | €2,064,000 | +€32,267 | +1.6% |
| Recurring financial charges | 65 | €2,031,733 | €2,064,000 | +€32,267 | +1.6% |
| Debt charges | 650 | €1,872,912 | €1,961,089 | +€88,177 | +4.7% |
| Other financial charges | 652/9 | €158,821 | €102,911 | -€55,910 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,635,551 | €1,386,060 | +€9.0m | |
| Income taxes | 67/77 | - | €3,742 | +€3,742 | |
| Taxes | 670/3 | - | €3,742 | +€3,742 | |
| Profit (loss) for the period | 9904 | -€7,635,551 | €1,382,318 | +€9.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,635,551 | €1,382,318 | +€9.0m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.