Alpha Garden: 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 Garden
Largest movements
- Receivables within one year -€19,545
down €19,545 (-99.3%), from €19,680 to €135
of which Trade receivables: -€19,630
- Tangible fixed assets -€14,333
down €14,333 (-6.9%), from €207,063 to €192,731
of which Land and buildings: -€10,005
- Cash -€11,980
down €11,980 (-52.7%), from €22,753 to €10,773
mainly Debts after one year (-€28,721) and Net result for the year (-€13,126)
- Debts after one year -€28,721
down €28,721 (-22.3%), from €128,946 to €100,225
- Profit (loss) carried forward -€13,126
down €13,126 (-32.0%), from €41,046 to €27,920
- Tax, wage and social debts -€4,077
down €4,077 (-16.1%), from €25,374 to €21,297
of which Taxes: -€4,848
- Gross operating margin -€43,775
down €43,775 (-36.2%), from €120,798 to €77,023
- Staff costs -€10,900
down €10,900 (-17.1%), from €63,714 to €52,814
- Depreciation -€8,432
down €8,432 (-24.0%), from €35,106 to €26,674
- Other operating charges +€1,578
up €1,578 (+46.3%), from €3,406 to €4,983
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 | €249,916 | €204,058 | -€45,858 | -18.3% |
| Fixed assets | 21/28 | €207,483 | €193,151 | -€14,333 | -6.9% |
| Tangible fixed assets | 22/27 | €207,063 | €192,731 | -€14,333 | -6.9% |
| Land and buildings | 22 | €133,125 | €123,120 | -€10,005 | -7.5% |
| Plant, machinery and equipment | 23 | €895 | €1,698 | +€803 | +89.7% |
| Furniture and vehicles | 24 | €73,043 | €67,912 | -€5,131 | -7.0% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €42,432 | €10,907 | -€31,525 | -74.3% |
| Amounts receivable within one year | 40/41 | €19,680 | €135 | -€19,545 | -99.3% |
| Trade receivables | 40 | €19,630 | - | -€19,630 | |
| Other amounts receivable | 41 | €50 | €135 | +€85 | +172% |
| Cash at bank and in hand | 54/58 | €22,753 | €10,773 | -€11,980 | -52.7% |
| Total equity and liabilities | 10/49 | €249,916 | €204,058 | -€45,858 | -18.3% |
| Equity | 10/15 | €60,883 | €46,998 | -€13,886 | -22.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,046 | €27,920 | -€13,126 | -32.0% |
| Investment grants | 15 | €11,778 | €11,018 | -€760 | -6.5% |
| Amounts payable | 17/49 | €189,033 | €157,060 | -€31,972 | -16.9% |
| Amounts payable after more than one year | 17 | €128,946 | €100,225 | -€28,721 | -22.3% |
| Financial debts | 170/4 | €128,946 | €100,225 | -€28,721 | -22.3% |
| Amounts payable within one year | 42/48 | €60,086 | €56,835 | -€3,251 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €28,710 | €28,721 | +€11 | 0.0% |
| Trade debts | 44 | €5,914 | €6,728 | +€814 | +13.8% |
| Suppliers | 440/4 | €5,914 | €6,728 | +€814 | +13.8% |
| Taxes, remuneration and social security | 45 | €25,374 | €21,297 | -€4,077 | -16.1% |
| Taxes | 450/3 | €19,204 | €14,357 | -€4,848 | -25.2% |
| Remuneration and social security | 454/9 | €6,170 | €6,941 | +€771 | +12.5% |
| Other amounts payable | 47/48 | €89 | €89 | = | 0.0% |
| Non-recurring operating income | 76A | €10,744 | - | -€10,744 | |
| Remuneration, social security and pensions | 62 | €63,714 | €52,814 | -€10,900 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,106 | €26,674 | -€8,432 | -24.0% |
| Other operating charges | 640/8 | €3,406 | €4,983 | +€1,578 | +46.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,798 | €77,023 | -€43,775 | -36.2% |
| Operating profit (loss) | 9901 | €18,572 | -€7,447 | -€26,020 | |
| Financial income | 75/76B | €1,405 | €760 | -€644 | -45.9% |
| Recurring financial income | 75 | €1,405 | €760 | -€644 | -45.9% |
| Financial charges | 65/66B | €6,864 | €5,799 | -€1,065 | -15.5% |
| Recurring financial charges | 65 | €6,864 | €5,799 | -€1,065 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €13,113 | -€12,486 | -€25,599 | |
| Income taxes | 67/77 | €547 | €639 | +€92 | +16.8% |
| Profit (loss) for the period | 9904 | €12,565 | -€13,126 | -€25,691 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,565 | -€13,126 | -€25,691 |
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 20 October 2026 via checked.be.