ALPHA-KAPPA: 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-KAPPA
Largest movements
- Financial fixed assets +€23,000
up €23,000 (+608.1%), from €3,782 to €26,782
- Cash -€15,063
down €15,063 (-26.3%), from €57,330 to €42,267
mainly Investment in fixed assets (net) (-€24,016) and Net result for the year (-€10,078)
- Tangible fixed assets -€10,939
down €10,939 (-22.7%), from €48,139 to €37,199
- Receivables within one year +€9,837
up €9,837 (+20.7%), from €47,423 to €57,260
of which Other amounts receivable: +€11,108
- Other debts +€11,958
up €11,958 (+119.6%), from €10,000 to €21,958
- Profit (loss) carried forward -€10,078
down €10,078 (-34.2%), from €29,488 to €19,409
- Trade debts +€7,513
up €7,513 (+41.1%), from €18,294 to €25,807
- Debts after one year -€7,000
down €7,000 (-19.6%), from €35,719 to €28,719
- Current portion of long-term debt +€6,231
up €6,231 (+89.0%), from €7,000 to €13,231
- Staff costs +€30,492
up €30,492 (+95.8%), from €31,824 to €62,315
- Gross operating margin +€9,076
up €9,076 (+14.3%), from €63,641 to €72,717
- Depreciation +€6,332
up €6,332 (+112.6%), from €5,623 to €11,955
- Financial charges +€4,046
up €4,046 (+370.0%), from €1,093 to €5,139
- Taxes -€2,847
down €2,847 (-94.6%), from €3,009 to €162
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 | €158,957 | €168,567 | +€9,610 | +6.0% |
| Fixed assets | 21/28 | €51,921 | €63,982 | +€12,061 | +23.2% |
| Tangible fixed assets | 22/27 | €48,139 | €37,199 | -€10,939 | -22.7% |
| Furniture and vehicles | 24 | €48,139 | €37,199 | -€10,939 | -22.7% |
| Financial fixed assets | 28 | €3,782 | €26,782 | +€23,000 | +608.1% |
| Current assets | 29/58 | €107,036 | €104,586 | -€2,450 | -2.3% |
| Stocks and contracts in progress | 3 | €1,654 | €3,335 | +€1,681 | +101.6% |
| Stocks | 30/36 | €1,654 | €3,335 | +€1,681 | +101.6% |
| Amounts receivable within one year | 40/41 | €47,423 | €57,260 | +€9,837 | +20.7% |
| Trade receivables | 40 | €26,759 | €25,488 | -€1,271 | -4.7% |
| Other amounts receivable | 41 | €20,664 | €31,772 | +€11,108 | +53.8% |
| Cash at bank and in hand | 54/58 | €57,330 | €42,267 | -€15,063 | -26.3% |
| Deferred charges and accrued income | 490/1 | €629 | €1,724 | +€1,095 | +174.1% |
| Total equity and liabilities | 10/49 | €158,957 | €168,567 | +€9,610 | +6.0% |
| Equity | 10/15 | €72,039 | €61,961 | -€10,078 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,952 | €23,952 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,092 | €22,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,488 | €19,409 | -€10,078 | -34.2% |
| Amounts payable | 17/49 | €86,918 | €106,606 | +€19,689 | +22.7% |
| Amounts payable after more than one year | 17 | €35,719 | €28,719 | -€7,000 | -19.6% |
| Financial debts | 170/4 | €35,719 | €28,719 | -€7,000 | -19.6% |
| Amounts payable within one year | 42/48 | €51,199 | €77,887 | +€26,689 | +52.1% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €13,231 | +€6,231 | +89.0% |
| Trade debts | 44 | €18,294 | €25,807 | +€7,513 | +41.1% |
| Suppliers | 440/4 | €18,294 | €25,807 | +€7,513 | +41.1% |
| Taxes, remuneration and social security | 45 | €15,905 | €16,891 | +€986 | +6.2% |
| Taxes | 450/3 | €8,473 | €8,956 | +€483 | +5.7% |
| Remuneration and social security | 454/9 | €7,432 | €7,935 | +€503 | +6.8% |
| Other amounts payable | 47/48 | €10,000 | €21,958 | +€11,958 | +119.6% |
| Non-recurring operating income | 76A | €5,834 | - | -€5,834 | |
| Remuneration, social security and pensions | 62 | €31,824 | €62,315 | +€30,492 | +95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,623 | €11,955 | +€6,332 | +112.6% |
| Other operating charges | 640/8 | €2,175 | €3,223 | +€1,048 | +48.2% |
| Gross operating margin | 9900 | €63,641 | €72,717 | +€9,076 | +14.3% |
| Operating profit (loss) | 9901 | €24,019 | -€4,777 | -€28,795 | |
| Financial charges | 65/66B | €1,093 | €5,139 | +€4,046 | +370.0% |
| Recurring financial charges | 65 | €1,093 | €5,139 | +€4,046 | +370.0% |
| Profit (loss) for the period before taxes | 9903 | €22,925 | -€9,916 | -€32,841 | |
| Income taxes | 67/77 | €3,009 | €162 | -€2,847 | -94.6% |
| Profit (loss) for the period | 9904 | €19,916 | -€10,078 | -€29,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,916 | -€10,078 | -€29,995 |
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 2 October 2026 via checked.be.