ALPHA GESTION: 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 GESTION
Largest movements
- Tangible fixed assets -€4,253
down €4,253 (-9.2%), from €46,073 to €41,820
of which Land and buildings: -€2,999
- Receivables within one year -€3,322
down €3,322 (-4.8%), from €69,515 to €66,193
of which Trade receivables: -€13,309
- Cash +€1,835
up €1,835 (+5.6%), from €32,934 to €34,769
mainly Net result for the year (+€7,049) and Depreciation (+€4,582)
- Trade debts -€2,628
down €2,628 (-35.4%), from €7,431 to €4,803
- Debts after one year -€2,011
down €2,011 (-56.2%), from €3,575 to €1,565
- Purchases and services -€7,957
down €7,957 (-11.2%), from €71,145 to €63,188
- Write-downs +€5,630
new in 2024: €5,630
- Gross operating margin +€5,068
up €5,068 (+23.8%), from €21,314 to €26,382
- Turnover -€2,764
down €2,764 (-3.0%), from €92,335 to €89,571
- Staff costs -€1,209
down €1,209 (-64.4%), from €1,878 to €669
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,556 | €145,219 | -€4,337 | -2.9% |
| Fixed assets | 21/28 | €46,073 | €41,820 | -€4,253 | -9.2% |
| Tangible fixed assets | 22/27 | €46,073 | €41,820 | -€4,253 | -9.2% |
| Land and buildings | 22 | €41,861 | €38,862 | -€2,999 | -7.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,212 | €2,958 | -€1,254 | -29.8% |
| Current assets | 29/58 | €103,484 | €103,399 | -€84 | -0.1% |
| Amounts receivable within one year | 40/41 | €69,515 | €66,193 | -€3,322 | -4.8% |
| Trade receivables | 40 | €63,224 | €49,915 | -€13,309 | -21.1% |
| Other amounts receivable | 41 | €6,291 | €16,278 | +€9,987 | +158.7% |
| Cash at bank and in hand | 54/58 | €32,934 | €34,769 | +€1,835 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,034 | €2,436 | +€1,402 | +135.6% |
| Total equity and liabilities | 10/49 | €149,556 | €145,219 | -€4,337 | -2.9% |
| Equity | 10/15 | €123,558 | €123,907 | +€349 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,515 | €2,515 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €656 | €656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,450 | €102,799 | +€349 | +0.3% |
| Amounts payable | 17/49 | €25,999 | €21,313 | -€4,686 | -18.0% |
| Amounts payable after more than one year | 17 | €3,575 | €1,565 | -€2,011 | -56.2% |
| Financial debts | 170/4 | €3,575 | €1,565 | -€2,011 | -56.2% |
| Amounts payable within one year | 42/48 | €22,409 | €19,748 | -€2,661 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €1,553 | €2,011 | +€457 | +29.4% |
| Trade debts | 44 | €7,431 | €4,803 | -€2,628 | -35.4% |
| Suppliers | 440/4 | €7,431 | €4,803 | -€2,628 | -35.4% |
| Taxes, remuneration and social security | 45 | €6,367 | €6,234 | -€133 | -2.1% |
| Taxes | 450/3 | €6,367 | €6,234 | -€133 | -2.1% |
| Other amounts payable | 47/48 | €7,057 | €6,700 | -€357 | -5.1% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Turnover | 70 | €92,335 | €89,571 | -€2,764 | -3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €71,145 | €63,188 | -€7,957 | -11.2% |
| Remuneration, social security and pensions | 62 | €1,878 | €669 | -€1,209 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,048 | €4,582 | +€535 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,630 | +€5,630 | |
| Other operating charges | 640/8 | €1,693 | €2,489 | +€796 | +47.0% |
| Gross operating margin | 9900 | €21,314 | €26,382 | +€5,068 | +23.8% |
| Operating profit (loss) | 9901 | €13,696 | €13,012 | -€684 | -5.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,000 | €2,114 | +€114 | +5.7% |
| Recurring financial charges | 65 | €2,000 | €2,114 | +€114 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €11,696 | €10,907 | -€789 | -6.7% |
| Income taxes | 67/77 | €3,876 | €3,858 | -€19 | -0.5% |
| Profit (loss) for the period | 9904 | €7,820 | €7,049 | -€770 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,820 | €7,049 | -€770 | -9.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.