ALPHA GEOTRACKING: what changed
Two fiscal 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 GEOTRACKING
Largest movements
- Cash +€17,007
up €17,007 (+23.2%), from €73,308 to €90,315
mainly Debts after one year (+€17,423) and Depreciation (+€14,636)
- Tangible fixed assets +€12,442
up €12,442 (+36.1%), from €34,453 to €46,895
of which Plant, machinery and equipment: +€19,202
- Stocks and contracts +€11,400
new in 2025: €11,400
- Deferred charges and accrued income +€4,305
up €4,305 (+69.9%), from €6,159 to €10,464
- Receivables within one year +€3,259
up €3,259 (+6.1%), from €53,166 to €56,426
of which Other amounts receivable: +€13,761
- Debts after one year +€17,423
up €17,423 (+561.9%), from €3,101 to €20,523
- Accrued charges and deferred income +€13,550
new in 2025: €13,550
- Trade debts +€10,525
up €10,525 (+43.4%), from €24,265 to €34,791
- Advances received +€8,733
new in 2025: €8,733
- Profit (loss) carried forward +€6,540
up €6,540 (+49.4%), from -€13,246 to -€6,706
- Gross operating margin +€109,563
up €109,563 (+88.6%), from €123,719 to €233,282
- Staff costs +€83,692
up €83,692 (+74.1%), from €112,943 to €196,635
- Financial charges +€2,821
up €2,821 (+79.0%), from €3,573 to €6,394
- Taxes +€2,431
up €2,431 (+65.2%), from €3,726 to €6,157
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 | €167,312 | €215,725 | +€48,413 | +28.9% |
| Fixed assets | 21/28 | €34,679 | €47,120 | +€12,442 | +35.9% |
| Tangible fixed assets | 22/27 | €34,453 | €46,895 | +€12,442 | +36.1% |
| Land and buildings | 22 | €10,074 | €9,549 | -€525 | -5.2% |
| Plant, machinery and equipment | 23 | €1,672 | €20,874 | +€19,202 | +1148.3% |
| Furniture and vehicles | 24 | €22,707 | €16,471 | -€6,236 | -27.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €132,634 | €168,605 | +€35,971 | +27.1% |
| Stocks and contracts in progress | 3 | - | €11,400 | +€11,400 | |
| Stocks | 30/36 | - | €11,400 | +€11,400 | |
| Amounts receivable within one year | 40/41 | €53,166 | €56,426 | +€3,259 | +6.1% |
| Trade receivables | 40 | €40,223 | €29,720 | -€10,502 | -26.1% |
| Other amounts receivable | 41 | €12,944 | €26,705 | +€13,761 | +106.3% |
| Cash at bank and in hand | 54/58 | €73,308 | €90,315 | +€17,007 | +23.2% |
| Deferred charges and accrued income | 490/1 | €6,159 | €10,464 | +€4,305 | +69.9% |
| Total equity and liabilities | 10/49 | €167,312 | €215,725 | +€48,413 | +28.9% |
| Equity | 10/15 | €44,739 | €51,279 | +€6,540 | +14.6% |
| Contributions | 10/11 | €6,700 | €6,700 | = | 0.0% |
| Reserves | 13 | €51,285 | €51,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €573 | €573 | = | 0.0% |
| Reserves not available under the articles | 1311 | €573 | €573 | = | 0.0% |
| Distributable reserves | 133 | €50,712 | €50,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,246 | -€6,706 | +€6,540 | +49.4% |
| Amounts payable | 17/49 | €122,574 | €164,446 | +€41,873 | +34.2% |
| Amounts payable after more than one year | 17 | €3,101 | €20,523 | +€17,423 | +561.9% |
| Financial debts | 170/4 | €3,101 | €20,523 | +€17,423 | +561.9% |
| Amounts payable within one year | 42/48 | €119,473 | €130,373 | +€10,900 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €7,328 | €9,061 | +€1,733 | +23.6% |
| Trade debts | 44 | €24,265 | €34,791 | +€10,525 | +43.4% |
| Suppliers | 440/4 | €24,265 | €34,791 | +€10,525 | +43.4% |
| Advances received on contracts in progress | 46 | - | €8,733 | +€8,733 | |
| Taxes, remuneration and social security | 45 | €30,601 | €26,629 | -€3,972 | -13.0% |
| Taxes | 450/3 | €25,115 | €13,727 | -€11,388 | -45.3% |
| Remuneration and social security | 454/9 | €5,486 | €12,902 | +€7,417 | +135.2% |
| Other amounts payable | 47/48 | €57,279 | €51,159 | -€6,120 | -10.7% |
| Accrued charges and deferred income | 492/3 | - | €13,550 | +€13,550 | |
| Remuneration, social security and pensions | 62 | €112,943 | €196,635 | +€83,692 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €14,636 | +€1,868 | +14.6% |
| Other operating charges | 640/8 | €5,093 | €3,411 | -€1,682 | -33.0% |
| Gross operating margin | 9900 | €123,719 | €233,282 | +€109,563 | +88.6% |
| Operating profit (loss) | 9901 | -€7,085 | €18,600 | +€25,685 | |
| Financial income | 75/76B | €1,139 | €491 | -€647 | -56.8% |
| Recurring financial income | 75 | €1,139 | €491 | -€647 | -56.8% |
| Financial charges | 65/66B | €3,573 | €6,394 | +€2,821 | +79.0% |
| Recurring financial charges | 65 | €3,573 | €6,394 | +€2,821 | +79.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,520 | €12,697 | +€22,217 | |
| Income taxes | 67/77 | €3,726 | €6,157 | +€2,431 | +65.2% |
| Profit (loss) for the period | 9904 | -€13,246 | €6,540 | +€19,786 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,246 | €6,540 | +€19,786 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.