ALPHA INNOVATIONS: 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.
What changed
ALPHA INNOVATIONS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€532,656
2024 · €864,822-€332,166
Equity
€6.0m
2024 · €5.5m+€532,656
Cash
€13,197
2024 · €398,872-€385,675
Balance sheet total
€9.6m
2024 · €10.0m-€390,819
Largest movements
Assets
- Cash -€385,675
down €385,675 (-96.7%), from €398,872 to €13,197
mainly Debts after one year (-€663,702) and Trade debts (-€596,830)
- Receivables within one year +€364,972
up €364,972 (+11.0%), from €3.3m to €3.7m
of which Trade receivables: +€200,421
- Stocks and contracts -€173,524
down €173,524 (-6.0%), from €2.9m to €2.7m
- Tangible fixed assets -€100,286
down €100,286 (-31.3%), from €320,892 to €220,606
of which Furniture and vehicles: -€63,056
Equity and liabilities
- Debts after one year -€663,702
down €663,702 (-49.1%), from €1.4m to €689,287
of which Financial debts: -€663,702
- Trade debts -€596,830
down €596,830 (-40.5%), from €1.5m to €877,298
- Profit (loss) carried forward +€532,656
up €532,656 (+15.8%), from €3.4m to €3.9m
- Tax, wage and social debts +€414,013
up €414,013 (+80.9%), from €512,023 to €926,036
of which Taxes: +€226,563
Income statement
- Goods and materials -€1.1m
down €1.1m (-15.6%), from €6.9m to €5.8m
of which Purchases: -€776,424
- Turnover -€379,810
down €379,810 (-3.0%), from €12.5m to €12.1m
- Write-downs -€275,202
down €275,202, from €210,796 to -€64,406
- Other operating income -€267,981
down €267,981 (-39.4%), from €679,561 to €411,579
- Services and other goods +€238,019
up €238,019 (+9.8%), from €2.4m to €2.7m
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.
Result 2024
€864,822
Turnover
-€379,810
Other operating income
-€267,981
Goods and materials
+€1.1m
Services and other goods
-€238,019
Staff costs
-€41,291
Depreciation
-€15,721
Write-downs
+€275,202
Provisions
-€134,000
Other operating charges
-€74,990
Other operating items
-€374,308
Financial income
-€84,368
Financial charges
-€38,941
Taxes
-€27,761
Result 2025
€532,656
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€304,139
Investment
-€39,527
Financing
-€650,287
Cash 2024
€398,872
From operations (derived)
+€304,139
Net result for the year
+€532,656
Depreciation
+€155,351
Receivables after one year
+€54,351
Stocks and contracts
+€173,524
Receivables within one year
-€364,972
Deferred charges and accrued income
+€26,417
Provisions
-€46,000
Trade debts
-€596,830
Tax, wage and social debts
+€414,013
Advances received
+€25,553
Other debts
-€66,112
Accrued charges and deferred income
-€3,813
Investment (derived)
-€39,527
Investment in fixed assets (net)
-€39,527
Financing
-€650,287
Debts after one year
-€663,702
Current portion of long-term debt
+€13,416
Cash 2025
€13,197
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,956,365 | €9,565,546 | -€390,819 | -3.9% |
| Fixed assets | 21/28 | €2,831,131 | €2,715,308 | -€115,823 | -4.1% |
| Intangible fixed assets | 21 | €35,240 | €19,702 | -€15,537 | -44.1% |
| Tangible fixed assets | 22/27 | €320,892 | €220,606 | -€100,286 | -31.3% |
| Plant, machinery and equipment | 23 | €131,710 | €96,719 | -€34,992 | -26.6% |
| Furniture and vehicles | 24 | €170,962 | €107,906 | -€63,056 | -36.9% |
| Other tangible fixed assets | 26 | €18,219 | €11,958 | -€6,261 | -34.4% |
| Assets under construction and advance payments | 27 | - | €4,023 | +€4,023 | |
| Financial fixed assets | 28 | €2,475,000 | €2,475,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,475,000 | €2,475,000 | = | 0.0% |
| Participating interests | 280 | €2,475,000 | €2,475,000 | = | 0.0% |
| Current assets | 29/58 | €7,125,233 | €6,850,238 | -€274,995 | -3.9% |
| Amounts receivable after more than one year | 29 | €152,786 | €98,435 | -€54,351 | -35.6% |
| Trade receivables | 290 | €152,786 | €98,435 | -€54,351 | -35.6% |
| Stocks and contracts in progress | 3 | €2,895,563 | €2,722,039 | -€173,524 | -6.0% |
| Stocks | 30/36 | €2,895,563 | €2,722,039 | -€173,524 | -6.0% |
| Raw materials and consumables | 30/31 | €1,336,411 | €1,410,420 | +€74,009 | +5.5% |
| Work in progress | 32 | €654,953 | €362,765 | -€292,189 | -44.6% |
| Finished goods | 33 | €28,764 | €22,666 | -€6,098 | -21.2% |
| Goods purchased for resale | 34 | €875,436 | €926,188 | +€50,753 | +5.8% |
| Amounts receivable within one year | 40/41 | €3,324,986 | €3,689,958 | +€364,972 | +11.0% |
| Trade receivables | 40 | €3,084,274 | €3,284,695 | +€200,421 | +6.5% |
| Other amounts receivable | 41 | €240,712 | €405,263 | +€164,551 | +68.4% |
| Current investments | 50/53 | €270,000 | €270,000 | = | 0.0% |
| Own shares | 50 | €270,000 | €270,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €398,872 | €13,197 | -€385,675 | -96.7% |
| Deferred charges and accrued income | 490/1 | €83,026 | €56,609 | -€26,417 | -31.8% |
| Total equity and liabilities | 10/49 | €9,956,365 | €9,565,546 | -€390,819 | -3.9% |
| Equity | 10/15 | €5,475,807 | €6,008,463 | +€532,656 | +9.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,094,120 | €1,094,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €370,000 | €370,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Own shares acquired | 1312 | €270,000 | €270,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €555,720 | €555,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,381,687 | €3,914,343 | +€532,656 | +15.8% |
| Provisions and deferred taxes | 16 | €136,000 | €90,000 | -€46,000 | -33.8% |
| Provisions for liabilities and charges | 160/5 | €136,000 | €90,000 | -€46,000 | -33.8% |
| Major repairs and maintenance | 162 | €136,000 | €90,000 | -€46,000 | -33.8% |
| Amounts payable | 17/49 | €4,344,558 | €3,467,083 | -€877,475 | -20.2% |
| Amounts payable after more than one year | 17 | €1,352,990 | €689,287 | -€663,702 | -49.1% |
| Financial debts | 170/4 | €1,171,769 | €508,066 | -€663,702 | -56.6% |
| Subordinated loans | 170 | €500,000 | €300,000 | -€200,000 | -40.0% |
| Credit institutions | 173 | €321,769 | €208,066 | -€113,702 | -35.3% |
| Other loans | 174 | €350,000 | - | -€350,000 | |
| Other amounts payable | 178/9 | €181,221 | €181,221 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,915,202 | €2,705,242 | -€209,960 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €726,779 | €740,195 | +€13,416 | +1.8% |
| Trade debts | 44 | €1,474,128 | €877,298 | -€596,830 | -40.5% |
| Suppliers | 440/4 | €1,474,128 | €877,298 | -€596,830 | -40.5% |
| Advances received on contracts in progress | 46 | €133,872 | €159,425 | +€25,553 | +19.1% |
| Taxes, remuneration and social security | 45 | €512,023 | €926,036 | +€414,013 | +80.9% |
| Taxes | 450/3 | €153,725 | €380,288 | +€226,563 | +147% |
| Remuneration and social security | 454/9 | €358,298 | €545,748 | +€187,450 | +52.3% |
| Other amounts payable | 47/48 | €68,400 | €2,288 | -€66,112 | -96.7% |
| Accrued charges and deferred income | 492/3 | €76,366 | €72,553 | -€3,813 | -5.0% |
| Operating income | 70/76A | €13,219,759 | €12,197,659 | -€1.0m | -7.7% |
| Turnover | 70 | €12,496,205 | €12,116,395 | -€379,810 | -3.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€23,505 | -€330,977 | -€307,471 | -1,308% |
| Own construction capitalised | 72 | €23,024 | - | -€23,024 | |
| Other operating income | 74 | €679,561 | €411,579 | -€267,981 | -39.4% |
| Non-recurring operating income | 76A | €44,475 | €661 | -€43,813 | -98.5% |
| Operating charges | 60/66A | €12,672,742 | €11,831,739 | -€841,003 | -6.6% |
| Goods for resale, raw materials and consumables | 60 | €6,870,854 | €5,801,033 | -€1.1m | -15.6% |
| Purchases | 600/8 | €6,670,504 | €5,894,080 | -€776,424 | -11.6% |
| Change in stocks: decrease (increase) | 609 | €200,350 | -€93,047 | -€293,397 | |
| Services and other goods | 61 | €2,437,447 | €2,675,466 | +€238,019 | +9.8% |
| Remuneration, social security and pensions | 62 | €3,186,244 | €3,227,534 | +€41,291 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,630 | €155,351 | +€15,721 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €210,796 | -€64,406 | -€275,202 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€180,000 | -€46,000 | +€134,000 | +74.4% |
| Other operating charges | 640/8 | €7,771 | €82,761 | +€74,990 | +965% |
| Operating profit (loss) | 9901 | €547,016 | €365,920 | -€181,096 | -33.1% |
| Financial income | 75/76B | €534,812 | €450,444 | -€84,368 | -15.8% |
| Recurring financial income | 75 | €534,812 | €450,444 | -€84,368 | -15.8% |
| Income from financial fixed assets | 750 | €444,580 | €319,727 | -€124,853 | -28.1% |
| Income from current assets | 751 | €6,262 | €4,651 | -€1,611 | -25.7% |
| Other financial income | 752/9 | €83,970 | €126,066 | +€42,096 | +50.1% |
| Financial charges | 65/66B | €217,276 | €256,217 | +€38,941 | +17.9% |
| Recurring financial charges | 65 | €217,276 | €256,217 | +€38,941 | +17.9% |
| Debt charges | 650 | €141,496 | €102,454 | -€39,042 | -27.6% |
| Other financial charges | 652/9 | €75,780 | €153,763 | +€77,983 | +103% |
| Profit (loss) for the period before taxes | 9903 | €864,552 | €560,147 | -€304,405 | -35.2% |
| Income taxes | 67/77 | -€269 | €27,491 | +€27,761 | |
| Taxes | 670/3 | - | €27,491 | +€27,491 | |
| Tax adjustments and reversals of tax provisions | 77 | €269 | - | -€269 | |
| Profit (loss) for the period | 9904 | €864,822 | €532,656 | -€332,166 | -38.4% |
| Transfer from tax-exempt reserves | 789 | €555,720 | - | -€555,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,420,542 | €532,656 | -€887,886 | -62.5% |
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 16 October 2026 via checked.be.