ALPHA GRUP PROJECT: 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 GRUP PROJECT
Largest movements
- Receivables within one year +€20,345
up €20,345 (+57.3%), from €35,510 to €55,856
of which Other amounts receivable: +€13,788
- Cash -€3,606
down €3,606 (-94.4%), from €3,819 to €214
mainly Receivables within one year (-€20,345) and Tax, wage and social debts (-€9,017)
- Trade debts +€13,936
up €13,936 (+6,087%), from €229 to €14,165
- Profit (loss) carried forward +€11,584
up €11,584 (+11,777%), from €98 to €11,682
- Tax, wage and social debts -€9,017
down €9,017 (-75.6%), from €11,933 to €2,916
- Gross operating margin -€24,008
down €24,008 (-61.0%), from €39,368 to €15,360
- Purchases and services +€22,157
up €22,157 (+19.7%), from €112,258 to €134,414
- Taxes -€10,894
down €10,894 (-91.3%), from €11,933 to €1,039
- Turnover -€1,851
down €1,851 (-1.2%), from €151,626 to €149,774
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 | €40,760 | €57,264 | +€16,503 | +40.5% |
| Fixed assets | 21/28 | €1,431 | €1,194 | -€236 | -16.5% |
| Tangible fixed assets | 22/27 | €1,431 | €1,194 | -€236 | -16.5% |
| Furniture and vehicles | 24 | €1,431 | €1,194 | -€236 | -16.5% |
| Current assets | 29/58 | €39,330 | €56,069 | +€16,740 | +42.6% |
| Amounts receivable within one year | 40/41 | €35,510 | €55,856 | +€20,345 | +57.3% |
| Trade receivables | 40 | €33,514 | €40,072 | +€6,558 | +19.6% |
| Other amounts receivable | 41 | €1,997 | €15,784 | +€13,788 | +691% |
| Cash at bank and in hand | 54/58 | €3,819 | €214 | -€3,606 | -94.4% |
| Total equity and liabilities | 10/49 | €40,760 | €57,264 | +€16,503 | +40.5% |
| Equity | 10/15 | €28,598 | €40,182 | +€11,584 | +40.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €25,500 | €25,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98 | €11,682 | +€11,584 | +11,777% |
| Amounts payable | 17/49 | €12,162 | €17,081 | +€4,919 | +40.4% |
| Amounts payable within one year | 42/48 | €12,162 | €17,081 | +€4,919 | +40.4% |
| Trade debts | 44 | €229 | €14,165 | +€13,936 | +6,087% |
| Suppliers | 440/4 | €229 | €14,165 | +€13,936 | +6,087% |
| Taxes, remuneration and social security | 45 | €11,933 | €2,916 | -€9,017 | -75.6% |
| Taxes | 450/3 | €11,933 | €2,916 | -€9,017 | -75.6% |
| Turnover | 70 | €151,626 | €149,774 | -€1,851 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,258 | €134,414 | +€22,157 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €973 | +€222 | +29.5% |
| Other operating charges | 640/8 | €122 | €1,580 | +€1,458 | +1,195% |
| Gross operating margin | 9900 | €39,368 | €15,360 | -€24,008 | -61.0% |
| Operating profit (loss) | 9901 | €38,495 | €12,808 | -€25,687 | -66.7% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €985 | €185 | -€800 | -81.3% |
| Recurring financial charges | 65 | €985 | €185 | -€800 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €37,531 | €12,623 | -€24,908 | -66.4% |
| Income taxes | 67/77 | €11,933 | €1,039 | -€10,894 | -91.3% |
| Profit (loss) for the period | 9904 | €25,598 | €11,584 | -€14,014 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,598 | €11,584 | -€14,014 | -54.7% |
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.