ALPHA IMMO: 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 IMMO
Largest movements
- Cash -€31,350
down €31,350 (-22.8%), from €137,574 to €106,224
mainly Tax, wage and social debts (-€49,622) and Net result for the year (-€1,815)
- Financial fixed assets -€21,000
down €21,000 (-16.9%), from €124,000 to €103,000
- Tax, wage and social debts -€49,622
no longer reported in 2025 (was €49,622)
- Taxes -€9,299
down €9,299 (-97.3%), from €9,562 to €262
- Gross operating margin +€4,115
up €4,115 (+64.7%), from -€6,362 to -€2,247
- Other operating charges -€1,443
no longer reported in 2025 (was €1,443)
- Financial income -€1,284
down €1,284 (-56.0%), from €2,293 to €1,009
- Financial charges +€161
up €161 (+104.9%), from €154 to €315
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 | €282,338 | €230,853 | -€51,484 | -18.2% |
| Fixed assets | 21/28 | €124,000 | €103,000 | -€21,000 | -16.9% |
| Financial fixed assets | 28 | €124,000 | €103,000 | -€21,000 | -16.9% |
| Current assets | 29/58 | €158,338 | €127,853 | -€30,484 | -19.3% |
| Amounts receivable within one year | 40/41 | €20,764 | €21,630 | +€866 | +4.2% |
| Trade receivables | 40 | €8,538 | €8,538 | = | 0.0% |
| Other amounts receivable | 41 | €12,227 | €13,092 | +€866 | +7.1% |
| Cash at bank and in hand | 54/58 | €137,574 | €106,224 | -€31,350 | -22.8% |
| Total equity and liabilities | 10/49 | €282,338 | €230,853 | -€51,484 | -18.2% |
| Equity | 10/15 | €199,664 | €197,849 | -€1,815 | -0.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €8,936 | €8,936 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,428 | €8,428 | = | 0.0% |
| Legal reserve | 130 | €8,428 | €8,428 | = | 0.0% |
| Distributable reserves | 133 | €508 | €508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,728 | €103,913 | -€1,815 | -1.7% |
| Amounts payable | 17/49 | €82,674 | €33,004 | -€49,669 | -60.1% |
| Amounts payable within one year | 42/48 | €82,674 | €33,004 | -€49,669 | -60.1% |
| Trade debts | 44 | €6,765 | €6,718 | -€47 | -0.7% |
| Suppliers | 440/4 | €6,765 | €6,718 | -€47 | -0.7% |
| Taxes, remuneration and social security | 45 | €49,622 | - | -€49,622 | |
| Taxes | 450/3 | €49,622 | - | -€49,622 | |
| Other amounts payable | 47/48 | €26,286 | €26,286 | = | 0.0% |
| Other operating charges | 640/8 | €1,443 | - | -€1,443 | |
| Gross operating margin | 9900 | -€6,362 | -€2,247 | +€4,115 | +64.7% |
| Operating profit (loss) | 9901 | -€7,805 | -€2,247 | +€5,559 | +71.2% |
| Financial income | 75/76B | €2,293 | €1,009 | -€1,284 | -56.0% |
| Recurring financial income | 75 | €2,293 | €1,009 | -€1,284 | -56.0% |
| Financial charges | 65/66B | €154 | €315 | +€161 | +104.9% |
| Recurring financial charges | 65 | €154 | €315 | +€161 | +104.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,666 | -€1,553 | +€4,113 | +72.6% |
| Income taxes | 67/77 | €9,562 | €262 | -€9,299 | -97.3% |
| Profit (loss) for the period | 9904 | -€15,228 | -€1,815 | +€13,412 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,228 | -€1,815 | +€13,412 | +88.1% |
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 30 September 2026 via checked.be.